2018 Q2 Form 10-Q Financial Statement

#000087688318000015 Filed on August 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $379.7M $390.5M
YoY Change -2.76% 15.87%
Cost Of Revenue $253.4M $267.8M
YoY Change -5.39% 17.04%
Gross Profit $126.4M $122.7M
YoY Change 2.97% 13.4%
Gross Profit Margin 33.27% 31.42%
Selling, General & Admin $83.90M $85.60M
YoY Change -1.99% 17.74%
% of Gross Profit 66.4% 69.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.60M $10.80M
YoY Change 7.41% -5.26%
% of Gross Profit 9.18% 8.8%
Operating Expenses $95.60M $96.40M
YoY Change -0.83% 14.49%
Operating Profit $30.77M $26.38M
YoY Change 16.64% 9.61%
Interest Expense -$23.40M -$9.100M
YoY Change 157.14% -45.18%
% of Operating Profit -76.04% -34.49%
Other Income/Expense, Net -$22.82M -$8.914M
YoY Change 155.96% -47.39%
Pretax Income $7.956M $17.47M
YoY Change -54.45% 145.25%
Income Tax $1.977M $4.641M
% Of Pretax Income 24.85% 26.57%
Net Earnings $3.406M $11.25M
YoY Change -69.73% 1247.66%
Net Earnings / Revenue 0.9% 2.88%
Basic Earnings Per Share $0.02 $0.14
Diluted Earnings Per Share $0.02 $0.14
COMMON SHARES
Basic Shares Outstanding 57.44M shares 55.33M shares
Diluted Shares Outstanding 57.80M shares 55.62M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.00M $20.30M
YoY Change 23.15% 26.09%
Cash & Equivalents $25.00M $20.35M
Short-Term Investments
Other Short-Term Assets $39.32M $27.21M
YoY Change 44.53% -46.99%
Inventory
Prepaid Expenses
Receivables $424.2M $456.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $595.5M $551.7M
YoY Change 7.95% 1.09%
LONG-TERM ASSETS
Property, Plant & Equipment $91.02M $88.01M
YoY Change 3.41% 31.82%
Goodwill $857.1M $851.1M
YoY Change 0.71% -2.91%
Intangibles $82.47M $78.81M
YoY Change 4.63% 28.32%
Long-Term Investments $6.514M $5.247M
YoY Change 24.15% -17.91%
Other Assets $30.64M $35.85M
YoY Change -14.55% -8.23%
Total Long-Term Assets $1.193B $1.099B
YoY Change 8.6% 2.63%
TOTAL ASSETS
Total Short-Term Assets $595.5M $551.7M
Total Long-Term Assets $1.193B $1.099B
Total Assets $1.789B $1.650B
YoY Change 8.38% 2.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $208.0M $266.6M
YoY Change -21.98% -13.71%
Accrued Expenses $299.7M $300.6M
YoY Change -0.3% 26.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $355.0K $289.0K
YoY Change 22.84% -19.94%
Total Short-Term Liabilities $772.5M $815.4M
YoY Change -5.26% 0.19%
LONG-TERM LIABILITIES
Long-Term Debt $999.9M $909.1M
YoY Change 9.99% -7.93%
Other Long-Term Liabilities $55.48M $55.58M
YoY Change -0.18% 23.49%
Total Long-Term Liabilities $1.055B $964.7M
YoY Change 9.4% -6.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $772.5M $815.4M
Total Long-Term Liabilities $1.055B $964.7M
Total Liabilities $1.886B $1.986B
YoY Change -5.04% -4.2%
SHAREHOLDERS EQUITY
Retained Earnings -$367.2M -$581.2M
YoY Change -36.82% 5.84%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$230.8M -$454.0M
YoY Change
Total Liabilities & Shareholders Equity $1.789B $1.650B
YoY Change 8.38% 2.11%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $3.406M $11.25M
YoY Change -69.73% 1247.66%
Depreciation, Depletion And Amortization $11.60M $10.80M
YoY Change 7.41% -5.26%
Cash From Operating Activities -$500.0K $56.90M
YoY Change -100.88% 366.39%
INVESTING ACTIVITIES
Capital Expenditures $5.890M $11.74M
YoY Change -49.84% 48.48%
Acquisitions
YoY Change
Other Investing Activities -$26.30M $0.00
YoY Change -100.0%
Cash From Investing Activities -$32.20M -$11.80M
YoY Change 172.88% 35.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 28.70M -46.90M
YoY Change -161.19% 326.36%
NET CHANGE
Cash From Operating Activities -500.0K 56.90M
Cash From Investing Activities -32.20M -11.80M
Cash From Financing Activities 28.70M -46.90M
Net Change In Cash -4.000M -1.800M
YoY Change 122.22% -76.0%
FREE CASH FLOW
Cash From Operating Activities -$500.0K $56.90M
Capital Expenditures $5.890M $11.74M
Free Cash Flow -$6.390M $45.16M
YoY Change -114.15% 952.37%

Facts In Submission

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CY2017Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Taxes Paid
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3423000 USD
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2017Q4 us-gaap Long Term Line Of Credit
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us-gaap Minority Interest Change In Redemption Value
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11947000 USD
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MinorityInterestDecreaseFromRedemptions
0 USD
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MinorityInterestDecreaseFromRedemptions
-26191000 USD
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1
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17128000 USD
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CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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NetIncomeLossAvailableToCommonStockholdersBasic
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11947000 USD
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26381000 USD
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34780000 USD
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550000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
618000 USD
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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429000 USD
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OtherComprehensiveIncomeLossNetOfTax
550000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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618000 USD
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OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
429000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
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6596000 USD
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CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
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us-gaap Payment For Contingent Consideration Liability Investing Activities
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65121000 USD
us-gaap Payment For Contingent Consideration Liability Operating Activities
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24459000 USD
us-gaap Payment For Contingent Consideration Liability Operating Activities
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23894000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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465000 USD
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40662000 USD
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29172000 USD
us-gaap Payments For Repurchase Of Common Stock
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630000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
493000 USD
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169000 USD
us-gaap Payments Of Dividends
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168000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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27299000 USD
CY2017Q2 us-gaap Payments To Acquire Property Plant And Equipment
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11743000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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21156000 USD
CY2018Q2 us-gaap Payments To Acquire Property Plant And Equipment
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5890000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Minority Shareholders
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3840000 USD
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us-gaap Payments To Minority Shareholders
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CY2017Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
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224000 USD
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141000 USD
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5540000 USD
us-gaap Share Based Compensation
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10490000 USD
CY2018Q2 us-gaap Share Based Compensation
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5603000 USD
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10640000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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289697 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
CY2017Q2 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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CY2018Q2 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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56924208 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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55332497 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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56924208 shares

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