2015 Q2 Form 10-Q Financial Statement

#000156459015005920 Filed on July 31, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q4 2014 Q2
Revenue $323.5M $309.6M $330.4M
YoY Change -2.09% 10.73% 12.93%
Cost Of Revenue $89.30M $95.60M $109.2M
YoY Change -18.22% 4.6% 12.0%
Gross Profit $234.1M $214.1M $221.2M
YoY Change 5.83% 13.7% 13.38%
Gross Profit Margin 72.37% 69.14% 66.95%
Selling, General & Admin $186.2M $178.8M $183.4M
YoY Change 1.53% 11.75% 14.98%
% of Gross Profit 79.54% 83.51% 82.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.56M $14.70M $15.09M
YoY Change 9.77% 6.52% 21.81%
% of Gross Profit 7.07% 6.87% 6.82%
Operating Expenses $202.9M $193.5M $198.5M
YoY Change 2.22% 11.46% 15.54%
Operating Profit $31.28M $20.57M $22.74M
YoY Change 37.55% 40.02% -2.23%
Interest Expense $1.074M -$1.000M $1.177M
YoY Change -8.75% -37.5% -27.26%
% of Operating Profit 3.43% -4.86% 5.18%
Other Income/Expense, Net -$1.060M $100.0K -$1.142M
YoY Change -7.18% -28.13%
Pretax Income $30.22M $19.60M $21.60M
YoY Change 39.92% 49.62% -0.33%
Income Tax $11.00M $6.000M $8.031M
% Of Pretax Income 36.4% 30.61% 37.18%
Net Earnings $19.25M $13.57M $13.57M
YoY Change 41.86% 68.27% 0.5%
Net Earnings / Revenue 5.95% 4.38% 4.11%
Basic Earnings Per Share $0.77 $0.55 $0.55
Diluted Earnings Per Share $0.75 $0.53 $0.53
COMMON SHARES
Basic Shares Outstanding 25.09M shares 24.76M shares 24.48M shares
Diluted Shares Outstanding 25.45M shares

Balance Sheet

Concept 2015 Q2 2014 Q4 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.700M $4.400M $1.800M
YoY Change 105.56% 2100.0% -37.93%
Cash & Equivalents $3.700M $4.367M $1.788M
Short-Term Investments
Other Short-Term Assets $44.10M $5.420M $43.90M
YoY Change 0.46% 6.63% 30.65%
Inventory
Prepaid Expenses
Receivables $146.2M $128.4M $148.9M
Other Receivables $0.00 $18.30M $0.00
Total Short-Term Assets $194.0M $189.6M $194.5M
YoY Change -0.26% 11.38% 16.2%
LONG-TERM ASSETS
Property, Plant & Equipment $527.6M $483.6M $474.2M
YoY Change 11.27% 11.9% 13.36%
Goodwill $29.42M $5.231M $8.481M
YoY Change 246.89% 0.0% -6.78%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.300M $4.995M $5.543M
YoY Change -4.38% -9.72% -3.55%
Total Long-Term Assets $562.3M $496.8M $488.2M
YoY Change 15.18% 11.26% 12.71%
TOTAL ASSETS
Total Short-Term Assets $194.0M $189.6M $194.5M
Total Long-Term Assets $562.3M $496.8M $488.2M
Total Assets $756.3M $686.4M $682.7M
YoY Change 10.78% 11.29% 13.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $49.90M $42.39M $62.89M
YoY Change -20.65% -16.56% 5.52%
Accrued Expenses $38.80M $58.10M $34.50M
YoY Change 12.46% -7.63% 8.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $11.20M $9.138M $7.143M
YoY Change 56.8% 27.93% -51.22%
Total Short-Term Liabilities $149.0M $130.5M $153.5M
YoY Change -2.89% -7.37% 3.93%
LONG-TERM LIABILITIES
Long-Term Debt $97.40M $73.90M $88.60M
YoY Change 9.94% 5.96% 5.0%
Other Long-Term Liabilities $34.70M $189.1M $41.90M
YoY Change -17.18% 500.19% 33.02%
Total Long-Term Liabilities $206.3M $189.1M $199.0M
YoY Change 3.68% 10.46% 15.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $149.0M $130.5M $153.5M
Total Long-Term Liabilities $206.3M $189.1M $199.0M
Total Liabilities $355.3M $319.5M $352.5M
YoY Change 0.82% 2.41% 10.39%
SHAREHOLDERS EQUITY
Retained Earnings $177.2M $145.4M $115.5M
YoY Change 53.41% 55.69% 59.56%
Common Stock $226.9M $223.7M $217.0M
YoY Change 4.59% 4.71% 2.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $401.0M $366.9M $330.2M
YoY Change
Total Liabilities & Shareholders Equity $756.3M $686.4M $682.7M
YoY Change 10.79% 11.29% 13.68%

Cashflow Statement

Concept 2015 Q2 2014 Q4 2014 Q2
OPERATING ACTIVITIES
Net Income $19.25M $13.57M $13.57M
YoY Change 41.86% 68.27% 0.5%
Depreciation, Depletion And Amortization $16.56M $14.70M $15.09M
YoY Change 9.77% 6.52% 21.81%
Cash From Operating Activities $40.80M $10.20M $42.80M
YoY Change -4.67% -69.73% 71.2%
INVESTING ACTIVITIES
Capital Expenditures -$26.40M -$18.00M -$58.70M
YoY Change -55.03% -29.69% -10.24%
Acquisitions
YoY Change
Other Investing Activities $1.100M $300.0K $200.0K
YoY Change 450.0% -75.0% -66.67%
Cash From Investing Activities -$25.30M -$17.60M -$58.50M
YoY Change -56.75% -27.57% -9.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.10M 4.600M 16.60M
YoY Change -172.89% -134.33% -60.76%
NET CHANGE
Cash From Operating Activities 40.80M 10.20M 42.80M
Cash From Investing Activities -25.30M -17.60M -58.50M
Cash From Financing Activities -12.10M 4.600M 16.60M
Net Change In Cash 3.400M -2.800M 900.0K
YoY Change 277.78% -30.0% -64.0%
FREE CASH FLOW
Cash From Operating Activities $40.80M $10.20M $42.80M
Capital Expenditures -$26.40M -$18.00M -$58.70M
Free Cash Flow $67.20M $28.20M $101.5M
YoY Change -33.79% -52.45% 12.28%

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