2014 Q1 Form 10-K Financial Statement

#000104746914000500 Filed on January 31, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2013
Revenue $145.7M $146.2M $580.1M
YoY Change 0.22% -4.13% 2.98%
Cost Of Revenue $58.59M $57.60M $227.2M
YoY Change 1.01% -2.04% 0.85%
Gross Profit $87.11M $88.60M $352.9M
YoY Change -0.31% -5.34% 4.4%
Gross Profit Margin 59.79% 60.6% 60.84%
Selling, General & Admin $34.61M $32.30M $130.8M
YoY Change 18.72% 0.0% 14.34%
% of Gross Profit 39.73% 36.46% 37.06%
Research & Development $42.49M $42.20M $157.8M
YoY Change 13.05% 17.22% 14.39%
% of Gross Profit 48.77% 47.63% 44.71%
Depreciation & Amortization $3.290M $8.200M $13.49M
YoY Change -0.21% 24.24% -0.95%
% of Gross Profit 3.78% 9.26% 3.82%
Operating Expenses $77.10M $74.50M $288.6M
YoY Change 15.53% 8.92% 14.37%
Operating Profit $10.01M $14.10M $64.31M
YoY Change -51.5% -44.05% -24.94%
Interest Expense $798.0K -$600.0K $3.293M
YoY Change -5.23% 0.0% 186.6%
% of Operating Profit 7.97% -4.26% 5.12%
Other Income/Expense, Net $67.00K $100.0K $157.0K
YoY Change -228.85% -133.33% -67.56%
Pretax Income $9.600M $13.70M $41.85M
YoY Change -52.19% -43.85% -48.01%
Income Tax $1.470M $3.100M $12.21M
% Of Pretax Income 15.31% 22.63% 29.17%
Net Earnings $8.100M $10.60M $49.80M
YoY Change -59.5% -43.32% -21.57%
Net Earnings / Revenue 5.56% 7.25% 8.58%
Basic Earnings Per Share $0.19 $1.17
Diluted Earnings Per Share $0.18 $242.0K $1.14
COMMON SHARES
Basic Shares Outstanding 42.83M shares 43.12M shares 42.72M shares
Diluted Shares Outstanding 44.06M shares 43.54M shares

Balance Sheet

Concept 2014 Q1 2013 Q4 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments $323.1M $275.4M $275.4M
YoY Change 4.53% -2.34% -2.34%
Cash & Equivalents $128.3M $95.80M
Short-Term Investments $286.0M $229.8M $229.8M
Other Short-Term Assets $55.40M $15.81M $66.50M
YoY Change -13.3% -21.63% 14.46%
Inventory $44.33M $45.27M $45.30M
Prepaid Expenses
Receivables $64.67M $72.12M $72.10M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $487.5M $459.3M $459.3M
YoY Change -3.02% -1.79% -1.8%
LONG-TERM ASSETS
Property, Plant & Equipment $130.8M $132.4M $132.4M
YoY Change -3.63% -2.09% -2.14%
Goodwill $228.8M $228.8M
YoY Change 75.63% 75.63%
Intangibles $128.5M $131.6M
YoY Change 46.12% 45.01%
Long-Term Investments $11.00M $10.60M $10.60M
YoY Change -1.79% -7.02% -7.02%
Other Assets $23.48M $28.38M $28.40M
YoY Change -18.46% -22.51% -22.4%
Total Long-Term Assets $522.5M $531.8M $531.9M
YoY Change 32.65% 31.55% 31.56%
TOTAL ASSETS
Total Short-Term Assets $487.5M $459.3M $459.3M
Total Long-Term Assets $522.5M $531.8M $531.9M
Total Assets $1.010B $991.2M $991.2M
YoY Change 12.65% 13.67% 13.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.71M $22.13M $22.10M
YoY Change -27.4% -25.31% -25.34%
Accrued Expenses $67.75M $45.98M $24.90M
YoY Change 83.66% 13.77% -38.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.750M $7.500M $7.500M
YoY Change 75.0% 50.0% 50.0%
Total Short-Term Liabilities $133.1M $109.1M $109.1M
YoY Change 28.24% 2.6% 2.54%
LONG-TERM LIABILITIES
Long-Term Debt $85.00M $87.50M $87.50M
YoY Change -8.11% -7.89% -7.89%
Other Long-Term Liabilities $30.70M $11.74M $55.90M
YoY Change 58.25% 33.14% 171.36%
Total Long-Term Liabilities $85.00M $99.24M $143.4M
YoY Change -8.11% -4.41% 24.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $133.1M $109.1M $109.1M
Total Long-Term Liabilities $85.00M $99.24M $143.4M
Total Liabilities $248.9M $252.6M $252.6M
YoY Change 15.36% 13.78% 13.78%
SHAREHOLDERS EQUITY
Retained Earnings $698.7M $690.6M
YoY Change 5.73% 7.77%
Common Stock $62.89M $48.63M
YoY Change 200.06% 380.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $761.2M $738.6M $738.6M
YoY Change
Total Liabilities & Shareholders Equity $1.010B $991.2M $991.2M
YoY Change 12.65% 13.67% 13.67%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2013
OPERATING ACTIVITIES
Net Income $8.100M $10.60M $49.80M
YoY Change -59.5% -43.32% -21.57%
Depreciation, Depletion And Amortization $3.290M $8.200M $13.49M
YoY Change -0.21% 24.24% -0.95%
Cash From Operating Activities $47.00M $25.00M $120.2M
YoY Change 59.32% 95.31% 23.79%
INVESTING ACTIVITIES
Capital Expenditures $1.673M -$1.500M $10.47M
YoY Change -57.08% -34.78% -89.74%
Acquisitions $86.44M
YoY Change 20.3%
Other Investing Activities -$17.20M -$28.10M -$95.40M
YoY Change -68.38% -7.87% 155.76%
Cash From Investing Activities -$18.90M -$29.60M -$105.9M
YoY Change -67.58% -9.48% -23.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.496M $10.72M
YoY Change 11.82% -77.13%
Debt Paid & Issued, Net $1.250M $13.43M
YoY Change -50.0%
Cash From Financing Activities 4.500M -16.10M -23.90M
YoY Change 73.08% 16000.0% -145.35%
NET CHANGE
Cash From Operating Activities 47.00M 25.00M 120.2M
Cash From Investing Activities -18.90M -29.60M -105.9M
Cash From Financing Activities 4.500M -16.10M -23.90M
Net Change In Cash 32.60M -20.70M -9.600M
YoY Change -224.43% 3.5% -191.43%
FREE CASH FLOW
Cash From Operating Activities $47.00M $25.00M $120.2M
Capital Expenditures $1.673M -$1.500M $10.47M
Free Cash Flow $45.33M $26.50M $109.7M
YoY Change 77.04% 75.5% -2319.87%

Facts In Submission

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81000 USD

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