2016 Q2 Form 10-Q Financial Statement

#000149229816000082 Filed on August 01, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $74.25M $56.59M
YoY Change 31.21% 31.68%
Cost Of Revenue $1.400M
YoY Change
Gross Profit $72.80M
YoY Change
Gross Profit Margin 98.05%
Selling, General & Admin $4.100M $12.80M
YoY Change -67.97% 62.03%
% of Gross Profit 5.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.41M $14.50M
YoY Change 13.16% 48.61%
% of Gross Profit 22.53%
Operating Expenses $20.50M $27.30M
YoY Change -24.91% 55.11%
Operating Profit $52.30M
YoY Change
Interest Expense -$16.40M -$14.10M
YoY Change 16.31% 28.18%
% of Operating Profit -31.36%
Other Income/Expense, Net $2.400M -$100.0K
YoY Change -2500.0% -114.29%
Pretax Income $38.10M $16.80M
YoY Change 126.79% 13.51%
Income Tax
% Of Pretax Income
Net Earnings $37.48M $16.84M
YoY Change 122.6% 13.74%
Net Earnings / Revenue 50.47% 29.75%
Basic Earnings Per Share $0.53 $0.24
Diluted Earnings Per Share $0.53 $0.24
COMMON SHARES
Basic Shares Outstanding 65.30M shares 59.32M shares
Diluted Shares Outstanding 65.50M shares 59.54M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $103.9M $6.000M
YoY Change 1631.67% -60.26%
Cash & Equivalents $103.9M $6.042M
Short-Term Investments
Other Short-Term Assets $111.5M $112.3M
YoY Change -0.71% 62.75%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $215.4M $118.3M
YoY Change 82.08% 40.67%
LONG-TERM ASSETS
Property, Plant & Equipment $1.909B $1.934B
YoY Change -1.3% 86.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.000M $7.100M
YoY Change 26.76% -76.57%
Total Long-Term Assets $2.038B $2.220B
YoY Change -8.18% 71.73%
TOTAL ASSETS
Total Short-Term Assets $215.4M $118.3M
Total Long-Term Assets $2.038B $2.220B
Total Assets $2.253B $2.338B
YoY Change -3.61% 69.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.60M $30.60M
YoY Change 19.61% 45.02%
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 $36.60M $30.60M
YoY Change 19.61% -32.45%
LONG-TERM LIABILITIES
Long-Term Debt $1.200B $1.236B
YoY Change -2.95% 83.06%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.200B $1.236B
YoY Change -2.95% 83.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $36.60M $30.60M
Total Long-Term Liabilities $1.200B $1.236B
Total Liabilities $1.236B $1.267B
YoY Change -2.41% 75.8%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $653.0K $651.0K
YoY Change 0.31% 37.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.017B $1.071B
YoY Change
Total Liabilities & Shareholders Equity $2.253B $2.338B
YoY Change -3.61% 69.84%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $37.48M $16.84M
YoY Change 122.6% 13.74%
Depreciation, Depletion And Amortization $16.41M $14.50M
YoY Change 13.16% 48.61%
Cash From Operating Activities $69.80M $26.60M
YoY Change 162.41% -3.97%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$301.9M
YoY Change -100.0% 3012.37%
Acquisitions
YoY Change
Other Investing Activities $254.0M -$12.60M
YoY Change -2115.87% -51.72%
Cash From Investing Activities $254.0M -$314.5M
YoY Change -180.76% 776.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $147.9M
YoY Change -32.5%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -229.1M 289.9M
YoY Change -179.03% 1425.79%
NET CHANGE
Cash From Operating Activities 69.80M 26.60M
Cash From Investing Activities 254.0M -314.5M
Cash From Financing Activities -229.1M 289.9M
Net Change In Cash 94.70M 2.000M
YoY Change 4635.0% -81.48%
FREE CASH FLOW
Cash From Operating Activities $69.80M $26.60M
Capital Expenditures $0.00 -$301.9M
Free Cash Flow $69.80M $328.5M
YoY Change -78.75% 778.34%

Facts In Submission

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5750000 shares
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5800000 shares
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5750000 shares
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CY2015Q2 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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CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65454337 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59254895 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in the Company&#8217;s condensed consolidated financial statements for prior periods have been reclassified to conform to the current period presentation. These reclassifications have not changed the results of operations of prior periods. As a result, certain reclassifications were made to the condensed consolidated balance sheets and condensed consolidated statements of income.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates.</font></div></div>

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