2018 Q1 Form 10-Q Financial Statement

#000092037118000111 Filed on May 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $244.8M $219.9M
YoY Change 11.33% 10.2%
Cost Of Revenue $137.2M $120.4M
YoY Change 13.93% 12.51%
Gross Profit $107.6M $99.48M
YoY Change 8.19% 7.52%
Gross Profit Margin 43.97% 45.24%
Selling, General & Admin $64.97M $65.48M
YoY Change -0.78% 20.18%
% of Gross Profit 60.37% 65.83%
Research & Development $11.20M $13.10M
YoY Change -14.5% 14.91%
% of Gross Profit 10.41% 13.17%
Depreciation & Amortization $9.688M $8.363M
YoY Change 15.84% 12.45%
% of Gross Profit 9.0% 8.41%
Operating Expenses $76.12M $77.30M
YoY Change -1.53% 17.33%
Operating Profit $32.69M $22.23M
YoY Change 47.06% -16.57%
Interest Expense -$100.0K -$200.0K
YoY Change -50.0% 0.0%
% of Operating Profit -0.31% -0.9%
Other Income/Expense, Net
YoY Change
Pretax Income $32.68M $30.80M
YoY Change 6.11% 16.64%
Income Tax $7.253M $7.679M
% Of Pretax Income 22.19% 24.93%
Net Earnings $25.43M $23.12M
YoY Change 9.98% 41.47%
Net Earnings / Revenue 10.39% 10.52%
Basic Earnings Per Share $0.55 $0.49
Diluted Earnings Per Share $0.54 $0.48
COMMON SHARES
Basic Shares Outstanding 46.62M shares 47.62M shares
Diluted Shares Outstanding 47.01M shares 47.91M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $137.4M $167.1M
YoY Change -17.77% -27.97%
Cash & Equivalents $137.4M $167.1M
Short-Term Investments
Other Short-Term Assets $22.42M $13.74M
YoY Change 63.15% 3.46%
Inventory $256.6M $256.3M
Prepaid Expenses
Receivables $167.1M $148.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $583.5M $585.6M
YoY Change -0.35% -0.95%
LONG-TERM ASSETS
Property, Plant & Equipment $276.1M $250.5M
YoY Change 10.24% 15.6%
Goodwill $138.0M $135.1M
YoY Change 2.16% 7.56%
Intangibles $28.30M $31.71M
YoY Change -10.76% 18.69%
Long-Term Investments $2.525M $2.607M
YoY Change -3.15%
Other Assets $11.84M $12.72M
YoY Change -6.93% 45.46%
Total Long-Term Assets $456.8M $432.6M
YoY Change 5.59% 14.53%
TOTAL ASSETS
Total Short-Term Assets $583.5M $585.6M
Total Long-Term Assets $456.8M $432.6M
Total Assets $1.040B $1.018B
YoY Change 2.17% 5.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.10M $38.22M
YoY Change 10.15% 31.69%
Accrued Expenses $101.1M $67.18M
YoY Change 50.53% 34.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.100M $500.0K
YoY Change 120.0%
Total Short-Term Liabilities $143.2M $123.6M
YoY Change 15.92% 24.12%
LONG-TERM LIABILITIES
Long-Term Debt $2.400M $1.600M
YoY Change 50.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $18.05M $6.076M
YoY Change 197.1% 17.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $143.2M $123.6M
Total Long-Term Liabilities $18.05M $6.076M
Total Liabilities $161.3M $131.2M
YoY Change 22.88% 25.35%
SHAREHOLDERS EQUITY
Retained Earnings $693.2M $657.0M
YoY Change 5.52% 1.33%
Common Stock $269.5M $259.6M
YoY Change 3.79% 8.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $75.00M $0.00
YoY Change -100.0%
Treasury Stock Shares
Shareholders Equity $879.1M $887.0M
YoY Change
Total Liabilities & Shareholders Equity $1.040B $1.018B
YoY Change 2.17% 5.08%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $25.43M $23.12M
YoY Change 9.98% 41.47%
Depreciation, Depletion And Amortization $9.688M $8.363M
YoY Change 15.84% 12.45%
Cash From Operating Activities $17.10M -$7.500M
YoY Change -328.0% -24.24%
INVESTING ACTIVITIES
Capital Expenditures $10.94M $13.63M
YoY Change -19.77% 95.48%
Acquisitions $0.00 $26.29M
YoY Change -100.0%
Other Investing Activities $1.200M -$26.20M
YoY Change -104.58%
Cash From Investing Activities -$9.700M -$39.90M
YoY Change -75.69% 478.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $25.00M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $174.0K $0.00
YoY Change
Cash From Financing Activities -39.30M -13.40M
YoY Change 193.28% -4.96%
NET CHANGE
Cash From Operating Activities 17.10M -7.500M
Cash From Investing Activities -9.700M -39.90M
Cash From Financing Activities -39.30M -13.40M
Net Change In Cash -31.90M -60.80M
YoY Change -47.53% 96.76%
FREE CASH FLOW
Cash From Operating Activities $17.10M -$7.500M
Capital Expenditures $10.94M $13.63M
Free Cash Flow $6.165M -$21.13M
YoY Change -129.18% 25.23%

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