2017 Q1 Form 10-Q Financial Statement

#000164437817000018 Filed on May 10, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $54.30M $48.33M
YoY Change 12.34% -2.97%
Cost Of Revenue $24.55M $21.56M
YoY Change 13.86%
Gross Profit $29.75M $26.77M
YoY Change 11.11%
Gross Profit Margin 54.79% 55.39%
Selling, General & Admin $31.70M $28.00M
YoY Change 13.21% 9.8%
% of Gross Profit 106.57% 104.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $500.0K $500.0K
YoY Change 0.0% -16.67%
% of Gross Profit 1.68% 1.87%
Operating Expenses $32.22M $28.60M
YoY Change 12.67% 9.58%
Operating Profit $22.07M $19.78M
YoY Change 11.58%
Interest Expense $500.0K $100.0K
YoY Change 400.0% -92.31%
% of Operating Profit 2.27% 0.51%
Other Income/Expense, Net
YoY Change
Pretax Income $22.52M $19.83M
YoY Change 13.56% -20.98%
Income Tax $4.610M $4.086M
% Of Pretax Income 20.47% 20.6%
Net Earnings $6.883M $6.114M
YoY Change 12.58%
Net Earnings / Revenue 12.68% 12.65%
Basic Earnings Per Share $0.43 $0.38
Diluted Earnings Per Share $0.43 $0.38
COMMON SHARES
Basic Shares Outstanding 16.03M shares 16.00M shares
Diluted Shares Outstanding 16.04M shares 16.00M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $133.1M $70.60M
YoY Change 88.53% -64.59%
Cash & Equivalents $133.1M $70.57M
Short-Term Investments
Other Short-Term Assets $7.000M $4.000M
YoY Change 75.0% 73.91%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $161.4M $97.30M
YoY Change 65.92% -64.94%
LONG-TERM ASSETS
Property, Plant & Equipment $3.430M $4.200M
YoY Change -18.33% -30.0%
Goodwill $1.859M
YoY Change
Intangibles $754.0K
YoY Change
Long-Term Investments $271.0K
YoY Change
Other Assets $176.7M $231.9M
YoY Change -23.81%
Total Long-Term Assets $234.1M $241.4M
YoY Change -3.0% 414.71%
TOTAL ASSETS
Total Short-Term Assets $161.4M $97.30M
Total Long-Term Assets $234.1M $241.4M
Total Assets $395.6M $338.7M
YoY Change 16.8% 4.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.30M $29.50M
YoY Change 12.88% 8.06%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $33.26M $29.50M
YoY Change 12.75% -51.08%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $70.80M $70.80M
YoY Change 0.0% 883.33%
Total Long-Term Liabilities $70.80M $70.80M
YoY Change 0.0% 883.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $33.26M $29.50M
Total Long-Term Liabilities $70.80M $70.80M
Total Liabilities $104.0M $223.0M
YoY Change -53.35% 230.37%
SHAREHOLDERS EQUITY
Retained Earnings $74.94M
YoY Change
Common Stock $95.12M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $144.9M $115.8M
YoY Change
Total Liabilities & Shareholders Equity $395.6M $338.7M
YoY Change 16.8% 4.41%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $6.883M $6.114M
YoY Change 12.58%
Depreciation, Depletion And Amortization $500.0K $500.0K
YoY Change 0.0% -16.67%
Cash From Operating Activities $76.70M $57.40M
YoY Change 33.62% 90.07%
INVESTING ACTIVITIES
Capital Expenditures -$300.0K -$200.0K
YoY Change 50.0% 100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$300.0K -$200.0K
YoY Change 50.0% -166.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.30M -11.80M
YoY Change 55.08% 1.72%
NET CHANGE
Cash From Operating Activities 76.70M 57.40M
Cash From Investing Activities -300.0K -200.0K
Cash From Financing Activities -18.30M -11.80M
Net Change In Cash 58.10M 45.40M
YoY Change 27.97% 140.21%
FREE CASH FLOW
Cash From Operating Activities $76.70M $57.40M
Capital Expenditures -$300.0K -$200.0K
Free Cash Flow $77.00M $57.60M
YoY Change 33.68% 90.1%

Facts In Submission

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IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
15238000 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
5063000 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-1193000 USD
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-26611000 USD
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
0 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1141000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2343000 USD
CY2016Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2017Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
17000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
11000 shares
CY2016Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1085000 USD
CY2017Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
754000 USD
CY2016Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
51000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
76000 USD
CY2017Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
450000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
657000 USD
CY2016Q1 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
560000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
337531000 USD
CY2017Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
395589000 USD
CY2016Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
1077000 USD
CY2017Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
1094000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
91140000 USD
CY2017Q1 us-gaap Liabilities
Liabilities
104033000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
62959000 USD
CY2016Q3 us-gaap Liabilities Current
LiabilitiesCurrent
20579000 USD
CY2017Q1 us-gaap Liabilities Current
LiabilitiesCurrent
33262000 USD
CY2016Q1 us-gaap Management Fees Revenue
ManagementFeesRevenue
39014000 USD
us-gaap Management Fees Revenue
ManagementFeesRevenue
141073000 USD
CY2017Q1 us-gaap Management Fees Revenue
ManagementFeesRevenue
43258000 USD
us-gaap Management Fees Revenue
ManagementFeesRevenue
138392000 USD
CY2016Q3 us-gaap Minority Interest
MinorityInterest
124677000 USD
CY2017Q1 us-gaap Minority Interest
MinorityInterest
146634000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-34890000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-33639000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-950000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-277000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
71895000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
101141000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
6114000 USD
us-gaap Net Income Loss
NetIncomeLoss
23168000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
6883000 USD
us-gaap Net Income Loss
NetIncomeLoss
30393000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
9634000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
10865000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
47555000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
6114000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
23168000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
6869000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
30364000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6114000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23168000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6869000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30364000 USD
CY2016Q1 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Nonredeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable
9634000 USD
us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Nonredeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable
36348000 USD
CY2017Q1 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Nonredeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable
10865000 USD
us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Nonredeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable
47555000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
19783000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
101451000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
22073000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
97739000 USD
CY2016Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
181391000 USD
CY2017Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
176683000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
10000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
19000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
10000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
19000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
121714000 USD
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9232000 USD
CY2017Q1 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
560000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
2464000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
8416000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
8041000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
950000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
277000 USD
CY2016Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4690000 USD
CY2017Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7033000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
15748000 USD
us-gaap Profit Loss
ProfitLoss
86127000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
17748000 USD
us-gaap Profit Loss
ProfitLoss
77948000 USD
CY2016Q1 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
8094000 USD
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
16430000 USD
CY2017Q1 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
8629000 USD
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
16851000 USD
CY2016Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10351000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3802000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3430000 USD
CY2016Q1 us-gaap Reimbursement Revenue
ReimbursementRevenue
8759000 USD
us-gaap Reimbursement Revenue
ReimbursementRevenue
16249000 USD
CY2017Q1 us-gaap Reimbursement Revenue
ReimbursementRevenue
10034000 USD
us-gaap Reimbursement Revenue
ReimbursementRevenue
19184000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
44543000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
74936000 USD
CY2016Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
48333000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
158405000 USD
CY2017Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
53866000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
158550000 USD
CY2016Q1 us-gaap Revenues
Revenues
48333000 USD
us-gaap Revenues
Revenues
158463000 USD
CY2017Q1 us-gaap Revenues
Revenues
54296000 USD
us-gaap Revenues
Revenues
159590000 USD
CY2016Q1 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
441000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
1776000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
144922000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
246391000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
291556000 USD
us-gaap Straight Line Rent
StraightLineRent
-182000 USD
us-gaap Straight Line Rent
StraightLineRent
-138000 USD
CY2016Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2017Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
14000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
29000 USD
CY2016Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 USD
CY2017Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
14000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
29000 USD
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16002000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16001000 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16042000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16036000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16002000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16001000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16025000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16025000 shares

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