2017 Q2 Form 10-Q Financial Statement

#000162828017005370 Filed on May 10, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2017 Q1 2016 Q1
Revenue $678.2M $614.8M $513.5M
YoY Change 27.66% 19.73% 8.96%
Cost Of Revenue $592.2M $542.8M $453.6M
YoY Change 28.63% 19.67% 15.0%
Gross Profit $85.93M $85.34M $78.98M
YoY Change 21.28% 8.04% 2.82%
Gross Profit Margin 12.67% 13.88% 15.38%
Selling, General & Admin $30.20M $30.04M $23.45M
YoY Change 15.27% 28.1% 18.26%
% of Gross Profit 35.14% 35.2% 29.69%
Research & Development $38.40M $35.87M $31.26M
YoY Change 13.95% 14.76% 22.37%
% of Gross Profit 44.69% 42.03% 39.57%
Depreciation & Amortization $4.600M $4.100M $3.500M
YoY Change 21.05% 17.14% 66.67%
% of Gross Profit 5.35% 4.8% 4.43%
Operating Expenses $68.60M $65.91M $54.71M
YoY Change 14.52% 20.48% 20.57%
Operating Profit $17.33M $22.42M $24.45M
YoY Change 58.21% -8.3% -22.27%
Interest Expense -$900.0K $558.0K $417.0K
YoY Change 80.0% 33.81% 50.54%
% of Operating Profit -5.19% 2.49% 1.71%
Other Income/Expense, Net $100.0K -$51.00K $20.00K
YoY Change -200.0% -355.0% -4.76%
Pretax Income $16.60M $21.81M $24.05M
YoY Change 59.62% -9.32% -22.9%
Income Tax $3.300M $5.140M $7.386M
% Of Pretax Income 19.88% 23.57% 30.71%
Net Earnings $13.26M $15.35M $16.05M
YoY Change 141.88% -4.34% -30.4%
Net Earnings / Revenue 1.95% 2.5% 3.13%
Basic Earnings Per Share $0.26 $0.32 $0.33
Diluted Earnings Per Share $0.25 $0.30 $0.31
COMMON SHARES
Basic Shares Outstanding 48.69M shares 48.45M shares 48.05M shares
Diluted Shares Outstanding 51.92M shares 52.24M shares

Balance Sheet

Concept 2017 Q2 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $110.6M $105.2M $176.4M
YoY Change -38.14% -40.36% 61.54%
Cash & Equivalents $110.6M $107.8M $176.4M
Short-Term Investments
Other Short-Term Assets $1.911M $10.30M $27.30M
YoY Change 73.57% -62.27% 1.87%
Inventory $736.7M $642.3M $479.3M
Prepaid Expenses $5.736M
Receivables $324.0M $391.3M $285.7M
Other Receivables $79.30M $94.30M $14.90M
Total Short-Term Assets $1.261B $1.157B $983.6M
YoY Change 32.15% 17.6% 23.69%
LONG-TERM ASSETS
Property, Plant & Equipment $195.6M $195.6M $179.6M
YoY Change -0.54% 8.87% 17.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $6.067M $6.714M $4.000M
YoY Change 67.85% -2.44%
Other Assets $10.58M $14.04M $8.158M
YoY Change -17.91% 72.1% 112.28%
Total Long-Term Assets $254.0M $247.7M $197.5M
YoY Change 7.09% 25.44% 19.19%
TOTAL ASSETS
Total Short-Term Assets $1.261B $1.157B $983.6M
Total Long-Term Assets $254.0M $247.7M $197.5M
Total Assets $1.515B $1.404B $1.181B
YoY Change 27.16% 18.91% 22.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $396.9M $348.7M $277.3M
YoY Change 48.43% 25.77% 5.99%
Accrued Expenses $112.8M $70.89M $54.13M
YoY Change 34.96% 30.96% 21.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $161.4M $113.3M $93.80M
YoY Change 201.12% 20.79% 109.38%
Total Short-Term Liabilities $672.5M $534.5M $434.5M
YoY Change 64.18% 23.02% 20.97%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $32.25M $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $68.75M $60.65M $37.62M
YoY Change 52.11% 61.23% 161.07%
Total Long-Term Liabilities $68.75M $92.90M $37.62M
YoY Change -19.3% 146.97% 134.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $672.5M $534.5M $434.5M
Total Long-Term Liabilities $68.75M $92.90M $37.62M
Total Liabilities $741.3M $627.4M $472.1M
YoY Change 49.81% 32.9% 25.83%
SHAREHOLDERS EQUITY
Retained Earnings $486.0M $498.2M $439.0M
YoY Change 15.95% 13.48% 26.42%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $20.49M $20.49M $2.030M
YoY Change 909.41% 909.41% 0.0%
Treasury Stock Shares 1.333B shares 1.333M shares 445.0K shares
Shareholders Equity $773.7M $776.9M $708.8M
YoY Change
Total Liabilities & Shareholders Equity $1.515B $1.404B $1.181B
YoY Change 27.16% 18.91% 22.91%

Cashflow Statement

Concept 2017 Q2 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $13.26M $15.35M $16.05M
YoY Change 141.88% -4.34% -30.4%
Depreciation, Depletion And Amortization $4.600M $4.100M $3.500M
YoY Change 21.05% 17.14% 66.67%
Cash From Operating Activities -$5.700M -$35.30M $6.600M
YoY Change -141.3% -634.85% -62.92%
INVESTING ACTIVITIES
Capital Expenditures -$6.100M -$5.900M -$9.900M
YoY Change -32.22% -40.4% -27.21%
Acquisitions
YoY Change
Other Investing Activities $300.0K $0.00 -$600.0K
YoY Change -100.0% 50.0%
Cash From Investing Activities -$5.800M -$5.900M -$10.50M
YoY Change -35.56% -43.81% -25.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 17.20M 19.70M 9.900M
YoY Change -17300.0% 98.99% -56.58%
NET CHANGE
Cash From Operating Activities -5.700M -35.30M 6.600M
Cash From Investing Activities -5.800M -5.900M -10.50M
Cash From Financing Activities 17.20M 19.70M 9.900M
Net Change In Cash 5.700M -21.50M 6.000M
YoY Change 21.28% -458.33% -77.44%
FREE CASH FLOW
Cash From Operating Activities -$5.700M -$35.30M $6.600M
Capital Expenditures -$6.100M -$5.900M -$9.900M
Free Cash Flow $400.0K -$29.40M $16.50M
YoY Change -98.25% -278.18% -47.45%

Facts In Submission

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