2016 Q3 Form 10-Q Financial Statement

#000091727316000046 Filed on October 28, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $89.86M $73.78M
YoY Change 21.79% 5.83%
Cost Of Revenue $12.39M $11.11M
YoY Change 11.54% 5.42%
Gross Profit $77.46M $62.67M
YoY Change 23.61% 5.91%
Gross Profit Margin 86.21% 84.94%
Selling, General & Admin $24.80M $17.86M
YoY Change 38.83% -1.87%
% of Gross Profit 32.01% 28.5%
Research & Development $33.82M $27.78M
YoY Change 21.72% 2.85%
% of Gross Profit 43.66% 44.34%
Depreciation & Amortization $13.50M $9.400M
YoY Change 43.62% -6.93%
% of Gross Profit 17.43% 15.0%
Operating Expenses $58.62M $45.64M
YoY Change 28.42% 0.95%
Operating Profit $11.82M $17.64M
YoY Change -33.02% 21.92%
Interest Expense $3.193M $3.117M
YoY Change 2.44% 1.9%
% of Operating Profit 27.02% 17.67%
Other Income/Expense, Net -$3.051M -$2.578M
YoY Change 18.35% -28.55%
Pretax Income $8.765M $15.06M
YoY Change -41.81% 38.69%
Income Tax $4.254M -$167.0M
% Of Pretax Income 48.53% -1108.56%
Net Earnings $4.511M $182.0M
YoY Change -97.52% 3201.89%
Net Earnings / Revenue 5.02% 246.73%
Basic Earnings Per Share $0.04 $1.56
Diluted Earnings Per Share $0.04 $1.52
COMMON SHARES
Basic Shares Outstanding 110.2M shares 116.4M shares
Diluted Shares Outstanding 113.7M shares 119.5M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $150.8M $362.9M
YoY Change -58.45% 33.86%
Cash & Equivalents $89.48M $216.6M
Short-Term Investments $61.30M $146.3M
Other Short-Term Assets $22.20M $28.80M
YoY Change -22.92% 206.38%
Inventory
Prepaid Expenses
Receivables $26.36M $10.31M
Other Receivables $0.00 $0.00
Total Short-Term Assets $199.3M $401.9M
YoY Change -50.42% 40.76%
LONG-TERM ASSETS
Property, Plant & Equipment $59.19M $59.08M
YoY Change 0.19% -10.35%
Goodwill $207.5M $116.9M
YoY Change 77.53% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.749M $3.690M
YoY Change 1.6% 45.16%
Total Long-Term Assets $601.0M $393.9M
YoY Change 52.57% 39.89%
TOTAL ASSETS
Total Short-Term Assets $199.3M $401.9M
Total Long-Term Assets $601.0M $393.9M
Total Assets $800.3M $795.9M
YoY Change 0.56% 40.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.19M $5.928M
YoY Change 71.86% 4.05%
Accrued Expenses $10.20M $9.400M
YoY Change 8.51% -20.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $59.80M $27.61M
YoY Change 116.59% 5.08%
LONG-TERM LIABILITIES
Long-Term Debt $162.6M $158.2M
YoY Change 2.78% 3.53%
Other Long-Term Liabilities $7.342M $1.475M
YoY Change 397.76% -82.93%
Total Long-Term Liabilities $7.342M $1.475M
YoY Change 397.76% -82.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $59.80M $27.61M
Total Long-Term Liabilities $7.342M $1.475M
Total Liabilities $247.5M $190.0M
YoY Change 30.23% 0.24%
SHAREHOLDERS EQUITY
Retained Earnings -$611.6M -$563.1M
YoY Change 8.61% -26.81%
Common Stock $1.174B $1.169B
YoY Change 0.37% 1.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $552.8M $605.9M
YoY Change
Total Liabilities & Shareholders Equity $800.3M $795.9M
YoY Change 0.56% 40.33%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $4.511M $182.0M
YoY Change -97.52% 3201.89%
Depreciation, Depletion And Amortization $13.50M $9.400M
YoY Change 43.62% -6.93%
Cash From Operating Activities $11.20M $15.30M
YoY Change -26.8% -35.98%
INVESTING ACTIVITIES
Capital Expenditures -$1.200M -$1.600M
YoY Change -25.0% 23.08%
Acquisitions
YoY Change
Other Investing Activities -$112.2M $400.0K
YoY Change -28150.0% -63.64%
Cash From Investing Activities -$113.5M -$1.300M
YoY Change 8630.77% 333.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.900M 1.100M
YoY Change 254.55% -54.17%
NET CHANGE
Cash From Operating Activities 11.20M 15.30M
Cash From Investing Activities -113.5M -1.300M
Cash From Financing Activities 3.900M 1.100M
Net Change In Cash -98.40M 15.10M
YoY Change -751.66% -41.92%
FREE CASH FLOW
Cash From Operating Activities $11.20M $15.30M
Capital Expenditures -$1.200M -$1.600M
Free Cash Flow $12.40M $16.90M
YoY Change -26.63% -32.94%

Facts In Submission

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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Deferred Revenue
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1674000 USD
us-gaap Increase Decrease In Deferred Revenue
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7532000 USD
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3736000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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3887000 USD
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3117000 USD
us-gaap Interest Expense
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CY2016Q3 us-gaap Interest Expense
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us-gaap Interest Expense
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us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2000000 USD
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LeaseAndRentalExpense
1100000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2700000 USD
CY2015Q4 us-gaap Liabilities
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CY2016Q3 us-gaap Liabilities
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CY2016Q3 us-gaap Liabilities And Stockholders Equity
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us-gaap Liabilities Assumed1
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0 USD
us-gaap Liabilities Assumed1
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13000 USD
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40000 USD
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MarketableSecuritiesUnrealizedGainLoss
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us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-745000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
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62427000 USD
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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53696000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
59628000 USD
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NetIncomeLoss
182033000 USD
us-gaap Net Income Loss
NetIncomeLoss
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NetIncomeLoss
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us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8417000 USD
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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NonoperatingIncomeExpense
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OperatingIncomeLoss
17640000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
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OperatingIncomeLoss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2016Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
9000 USD
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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0 USD
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202523000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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4749000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4750000 USD
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PreferredStockParOrStatedValuePerShare
0.001
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2016Q3 us-gaap Preferred Stock Shares Authorized
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CY2015Q4 us-gaap Preferred Stock Shares Issued
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CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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10081000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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12277000 USD
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81396000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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85746000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
43134000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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50546000 USD
us-gaap Proceeds From Sale Of Intangible Assets
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3510000 USD
us-gaap Proceeds From Sale Of Intangible Assets
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0 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
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CY2015Q3 us-gaap Research And Development Expense
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us-gaap Research And Development Expense
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CY2016Q3 us-gaap Research And Development Expense
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us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
91100000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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-604317000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2015Q3 us-gaap Royalty Revenue
RoyaltyRevenue
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us-gaap Royalty Revenue
RoyaltyRevenue
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CY2016Q3 us-gaap Royalty Revenue
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us-gaap Royalty Revenue
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CY2016Q3 us-gaap Selling General And Administrative Expense
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0
CY2015Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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20000000.0 shares
CY2016Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
11500000 shares
CY2015Q4 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
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CY2016Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
700000 shares
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
700000 shares
CY2015Q4 us-gaap Stock Repurchased And Retired During Period Value
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80000000 USD
CY2015Q4 us-gaap Stockholders Equity
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CY2016Q3 us-gaap Stockholders Equity
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CY2015Q4 us-gaap Unrecognized Tax Benefits
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CY2016Q3 us-gaap Unrecognized Tax Benefits
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CY2016Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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2900000 USD
CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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3098000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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3057000 shares
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3509000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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2854000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118997000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113723000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
112805000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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115940000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110214000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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109951000 shares

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