2015 Q4 Form 10-Q Financial Statement

#000159767215000090 Filed on October 29, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $241.6M $257.6M $253.7M
YoY Change -2.57% 1.54% 12.49%
Cost Of Revenue $191.2M $187.4M $198.0M
YoY Change 2.25% -5.35% 25.2%
Gross Profit $50.40M $70.17M $55.69M
YoY Change -17.33% 26.0% -17.35%
Gross Profit Margin 20.86% 27.24% 21.95%
Selling, General & Admin $14.00M $11.60M $9.493M
YoY Change 6.06% 22.15% 16.56%
% of Gross Profit 27.78% 16.53% 17.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.80M $23.00M $23.90M
YoY Change 1.28% -3.77% 7.17%
% of Gross Profit 47.22% 32.78% 42.92%
Operating Expenses $14.10M $11.60M $9.493M
YoY Change 39.6% 22.15% 16.56%
Operating Profit $36.30M $57.96M $41.68M
YoY Change -228.28% 39.07% -29.81%
Interest Expense -$9.200M $8.962M $9.469M
YoY Change -45.56% -5.35%
% of Operating Profit -25.34% 15.46% 22.72%
Other Income/Expense, Net $56.00K -$57.00K
YoY Change -198.25% -119.52%
Pretax Income $19.80M $49.06M $32.15M
YoY Change -152.11% 52.58% -46.12%
Income Tax $7.100M $16.77M $12.74M
% Of Pretax Income 35.86% 34.18% 39.64%
Net Earnings $12.80M $32.29M $19.41M
YoY Change -155.03% 66.38% -51.44%
Net Earnings / Revenue 5.3% 12.54% 7.65%
Basic Earnings Per Share $0.77 $0.46
Diluted Earnings Per Share $303.3K $0.76 $0.46
COMMON SHARES
Basic Shares Outstanding 42.87M shares 42.20M shares 42.17M shares
Diluted Shares Outstanding 42.32M shares 42.25M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $101.3M $100.4M $28.20M
YoY Change 53.48% 256.03%
Cash & Equivalents $101.3M $100.4M $28.16M
Short-Term Investments
Other Short-Term Assets $32.10M $51.00M $55.10M
YoY Change -28.03% -7.44% -16.39%
Inventory $125.4M $122.3M $122.1M
Prepaid Expenses
Receivables $68.89M $64.24M $93.27M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $327.8M $338.0M $298.6M
YoY Change 5.14% 13.18% 6.24%
LONG-TERM ASSETS
Property, Plant & Equipment $803.8M $804.3M $844.4M
YoY Change -4.69% -4.75% -1.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $49.60M $58.68M $103.3M
YoY Change -19.96% -43.18% 301.85%
Total Long-Term Assets $950.9M $949.0M $947.7M
YoY Change -4.16% 0.13% 7.79%
TOTAL ASSETS
Total Short-Term Assets $327.8M $338.0M $298.6M
Total Long-Term Assets $950.9M $949.0M $947.7M
Total Assets $1.279B $1.287B $1.246B
YoY Change -1.94% 3.26% 7.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.99M $48.23M $49.80M
YoY Change -30.46% -3.16% -38.13%
Accrued Expenses $58.10M $45.00M $47.90M
YoY Change 50.52% -6.05% 108.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.938M $8.224M $8.400M
YoY Change -5.5% -2.1%
Total Short-Term Liabilities $131.4M $130.0M $131.3M
YoY Change 0.0% -1.0% 18.5%
LONG-TERM LIABILITIES
Long-Term Debt $850.1M $884.6M $938.5M
YoY Change -9.22% -5.74%
Other Long-Term Liabilities $6.757M $7.551M $7.547M
YoY Change -11.15% 0.05% -85.46%
Total Long-Term Liabilities $856.9M $892.2M $946.0M
YoY Change -9.23% -5.69% 1722.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $131.4M $130.0M $131.3M
Total Long-Term Liabilities $856.9M $892.2M $946.0M
Total Liabilities $988.3M $1.022B $1.077B
YoY Change -8.1% -5.12% 375.85%
SHAREHOLDERS EQUITY
Retained Earnings $21.84M $12.06M $4.760M
YoY Change -201.69% 153.28%
Common Stock $429.0K $429.0K $427.0K
YoY Change 0.7% 0.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$17.14M -$16.96M -$13.44M
YoY Change
Total Liabilities & Shareholders Equity $1.279B $1.287B $1.246B
YoY Change -1.94% 3.26% 7.42%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $12.80M $32.29M $19.41M
YoY Change -155.03% 66.38% -51.44%
Depreciation, Depletion And Amortization $23.80M $23.00M $23.90M
YoY Change 1.28% -3.77% 7.17%
Cash From Operating Activities $49.70M $63.20M $24.70M
YoY Change -17.3% 155.87% -65.98%
INVESTING ACTIVITIES
Capital Expenditures -$17.70M -$18.40M -$11.00M
YoY Change 21.23% 67.27% -2.65%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$900.0K
YoY Change -100.0% -98.43%
Cash From Investing Activities -$17.70M -$18.40M -$12.00M
YoY Change 21.23% 53.33% -82.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -30.90M -18.00M -4.200M
YoY Change 306.58% 328.57% 10.53%
NET CHANGE
Cash From Operating Activities 49.70M 63.20M 24.70M
Cash From Investing Activities -17.70M -18.40M -12.00M
Cash From Financing Activities -30.90M -18.00M -4.200M
Net Change In Cash 1.100M 26.80M 8.500M
YoY Change -97.1% 215.29% 304226850133333300.0%
FREE CASH FLOW
Cash From Operating Activities $49.70M $63.20M $24.70M
Capital Expenditures -$17.70M -$18.40M -$11.00M
Free Cash Flow $67.40M $81.60M $35.70M
YoY Change -9.77% 128.57% -57.45%

Facts In Submission

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CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2014Q4 us-gaap Preferred Stock Shares Authorized
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CY2014Q4 us-gaap Preferred Stock Shares Issued
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CY2015Q3 us-gaap Preferred Stock Shares Issued
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CY2014Q4 us-gaap Preferred Stock Shares Outstanding
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CY2015Q3 us-gaap Preferred Stock Shares Outstanding
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CY2014Q4 us-gaap Preferred Stock Value
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CY2015Q3 us-gaap Preferred Stock Value
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CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Sales Revenue Net
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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29.99
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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0.00
us-gaap Site Contingency Loss Exposure In Excess Of Accrual High Estimate
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64000000 USD
CY2014Q2 us-gaap Stock Issued During Period Shares New Issues
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CY2014Q4 us-gaap Stockholders Equity
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CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014Q3 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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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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42192956 shares

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