2019 Q1 Form 10-Q Financial Statement

#000076682919000101 Filed on April 26, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $77.68M $75.04M
YoY Change 3.52% 8.69%
Cost Of Revenue $8.000M $10.80M
YoY Change -25.93% 24.14%
Gross Profit $69.70M $64.20M
YoY Change 8.57% 6.47%
Gross Profit Margin 89.72% 85.55%
Selling, General & Admin $11.60M $11.00M
YoY Change 5.45% -9.09%
% of Gross Profit 16.64% 17.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.80M $14.16M
YoY Change 11.6% 11.97%
% of Gross Profit 22.67% 22.06%
Operating Expenses $54.70M $53.10M
YoY Change 3.01% 7.27%
Operating Profit $12.41M $7.331M
YoY Change 69.25% -32.33%
Interest Expense $5.791M $6.052M
YoY Change -4.31% -0.08%
% of Operating Profit 46.67% 82.55%
Other Income/Expense, Net $390.0K $676.0K
YoY Change -42.31% 46.0%
Pretax Income $7.918M $705.0K
YoY Change 1023.12% -86.54%
Income Tax $2.045M -$580.0K
% Of Pretax Income 25.83% -82.27%
Net Earnings $5.873M $1.285M
YoY Change 357.04% -65.0%
Net Earnings / Revenue 7.56% 1.71%
Basic Earnings Per Share $0.21 $0.06
Diluted Earnings Per Share $0.21 $0.06
COMMON SHARES
Basic Shares Outstanding 28.42M shares 20.56M shares
Diluted Shares Outstanding 28.51M shares 20.70M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $419.7M $7.000M
YoY Change 5895.71% -1.41%
Cash & Equivalents $419.7M $6.954M
Short-Term Investments
Other Short-Term Assets $4.930M $4.522M
YoY Change 9.02% 16.7%
Inventory
Prepaid Expenses
Receivables $17.89M $18.33M
Other Receivables $2.000M $8.700M
Total Short-Term Assets $488.5M $61.06M
YoY Change 699.96% -17.19%
LONG-TERM ASSETS
Property, Plant & Equipment $43.71M $44.78M
YoY Change -2.39% -2.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.100M
YoY Change -13.89%
Other Assets $4.619M $2.736M
YoY Change 68.82% -64.95%
Total Long-Term Assets $83.80M $103.1M
YoY Change -18.71% -31.62%
TOTAL ASSETS
Total Short-Term Assets $488.5M $61.06M
Total Long-Term Assets $83.80M $103.1M
Total Assets $1.959B $1.464B
YoY Change 33.81% 1.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.82M $22.48M
YoY Change 1.5% 8.49%
Accrued Expenses $21.20M $25.50M
YoY Change -16.86% 12.33%
Deferred Revenue
YoY Change
Short-Term Debt $32.00M $39.00M
YoY Change -17.95%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $86.69M $95.36M
YoY Change -9.09% 87.79%
LONG-TERM LIABILITIES
Long-Term Debt $510.9M $431.2M
YoY Change 18.49% -0.51%
Other Long-Term Liabilities $12.14M $13.07M
YoY Change -7.16% 4.25%
Total Long-Term Liabilities $523.0M $444.2M
YoY Change 17.74% -0.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $86.69M $95.36M
Total Long-Term Liabilities $523.0M $444.2M
Total Liabilities $609.7M $539.6M
YoY Change 12.99% 8.64%
SHAREHOLDERS EQUITY
Retained Earnings $391.3M $373.8M
YoY Change 4.69% 10.74%
Common Stock $496.9M $84.01M
YoY Change 491.56% 2.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $888.3M $457.8M
YoY Change
Total Liabilities & Shareholders Equity $1.959B $1.464B
YoY Change 33.81% 1.96%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $5.873M $1.285M
YoY Change 357.04% -65.0%
Depreciation, Depletion And Amortization $15.80M $14.16M
YoY Change 11.6% 11.97%
Cash From Operating Activities $25.19M $22.58M
YoY Change 11.56% -20.04%
INVESTING ACTIVITIES
Capital Expenditures -$32.80M -$30.40M
YoY Change 7.89% 3.4%
Acquisitions
YoY Change
Other Investing Activities -$1.500M -$1.100M
YoY Change 36.36% -31.25%
Cash From Investing Activities -$34.37M -$31.56M
YoY Change 8.9% 1.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $0.00
YoY Change -100.0%
Cash From Financing Activities $8.121M $8.136M
YoY Change -0.18% -152.35%
NET CHANGE
Cash From Operating Activities $25.19M $22.58M
Cash From Investing Activities -$34.37M -$31.56M
Cash From Financing Activities $8.121M $8.136M
Net Change In Cash -$1.059M -$845.0K
YoY Change 25.33% -95.37%
FREE CASH FLOW
Cash From Operating Activities $25.19M $22.58M
Capital Expenditures -$32.80M -$30.40M
Free Cash Flow $57.99M $52.98M
YoY Change 9.46% -8.08%

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