2016 Q2 Form 10-Q Financial Statement

#000091256216000097 Filed on July 28, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $265.7M $253.2M
YoY Change 4.96% 7.75%
Cost Of Revenue $196.9M $209.1M
YoY Change -5.82% 7.3%
Gross Profit $68.84M $44.12M
YoY Change 56.04% 9.96%
Gross Profit Margin 25.91% 17.43%
Selling, General & Admin $40.27M $32.92M
YoY Change 22.33% 29.63%
% of Gross Profit 58.49% 74.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.800M $7.100M
YoY Change -18.31% 9.23%
% of Gross Profit 8.42% 16.09%
Operating Expenses $40.27M $32.92M
YoY Change 22.33% 29.63%
Operating Profit $28.58M $11.20M
YoY Change 155.12% -23.96%
Interest Expense $3.666M $3.811M
YoY Change -3.8% 3.25%
% of Operating Profit 12.83% 34.02%
Other Income/Expense, Net -$8.195M -$1.101M
YoY Change 644.32% 112.14%
Pretax Income $16.72M $6.289M
YoY Change 165.78% -40.22%
Income Tax -$1.897M $2.202M
% Of Pretax Income -11.35% 35.01%
Net Earnings $18.61M $4.087M
YoY Change 355.4% -36.45%
Net Earnings / Revenue 7.0% 1.61%
Basic Earnings Per Share $0.59 $0.13
Diluted Earnings Per Share $0.58 $0.13
COMMON SHARES
Basic Shares Outstanding 31.48M shares 31.21M shares
Diluted Shares Outstanding 32.01M shares 31.50M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $124.1M $39.40M
YoY Change 214.97% -55.13%
Cash & Equivalents $124.1M $39.42M
Short-Term Investments
Other Short-Term Assets $12.12M $23.34M
YoY Change -48.07% 28.6%
Inventory $98.22M $134.8M
Prepaid Expenses
Receivables $150.2M $180.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $384.6M $377.9M
YoY Change 1.78% 4.32%
LONG-TERM ASSETS
Property, Plant & Equipment $108.8M $125.0M
YoY Change -12.95% -2.93%
Goodwill $294.8M $292.9M
YoY Change 0.64% -14.15%
Intangibles $120.4M $136.7M
YoY Change -11.92% 53.68%
Long-Term Investments
YoY Change
Other Assets $4.336M $7.461M
YoY Change -41.88% 0.34%
Total Long-Term Assets $528.4M $562.1M
YoY Change -6.0% -0.75%
TOTAL ASSETS
Total Short-Term Assets $384.6M $377.9M
Total Long-Term Assets $528.4M $562.1M
Total Assets $913.0M $940.0M
YoY Change -2.87% 1.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $82.81M $114.7M
YoY Change -27.83% 15.58%
Accrued Expenses $49.33M $92.38M
YoY Change -46.6% 81.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $400.0K $400.0K
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $162.9M $207.5M
YoY Change -21.5% 37.87%
LONG-TERM LIABILITIES
Long-Term Debt $208.8M $242.8M
YoY Change -13.99% 13.88%
Other Long-Term Liabilities $48.54M $38.33M
YoY Change 26.63% 18.95%
Total Long-Term Liabilities $257.4M $281.1M
YoY Change -8.45% 14.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $162.9M $207.5M
Total Long-Term Liabilities $257.4M $281.1M
Total Liabilities $420.3M $488.6M
YoY Change -13.99% 23.41%
SHAREHOLDERS EQUITY
Retained Earnings $201.6M $164.2M
YoY Change 22.73% -31.8%
Common Stock $319.0K $314.0K
YoY Change 1.59% 0.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.808M $5.777M
YoY Change 17.85% 10.61%
Treasury Stock Shares 502.0K shares 453.0K shares
Shareholders Equity $449.6M $396.6M
YoY Change
Total Liabilities & Shareholders Equity $913.0M $940.0M
YoY Change -2.87% 1.22%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $18.61M $4.087M
YoY Change 355.4% -36.45%
Depreciation, Depletion And Amortization $5.800M $7.100M
YoY Change -18.31% 9.23%
Cash From Operating Activities $33.90M $26.60M
YoY Change 27.44% 146.3%
INVESTING ACTIVITIES
Capital Expenditures -$2.500M -$2.600M
YoY Change -3.85% -64.86%
Acquisitions
YoY Change
Other Investing Activities $8.500M -$133.1M
YoY Change -106.39% -2318.33%
Cash From Investing Activities $6.000M -$135.7M
YoY Change -104.42% 8946.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.400M 29.70M
YoY Change -95.29% -10000.0%
NET CHANGE
Cash From Operating Activities 33.90M 26.60M
Cash From Investing Activities 6.000M -135.7M
Cash From Financing Activities 1.400M 29.70M
Net Change In Cash 41.30M -79.40M
YoY Change -152.02% -982.22%
FREE CASH FLOW
Cash From Operating Activities $33.90M $26.60M
Capital Expenditures -$2.500M -$2.600M
Free Cash Flow $36.40M $29.20M
YoY Change 24.66% 60.44%

Facts In Submission

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us-gaap Proceeds From Divestiture Of Businesses
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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