2019 Q4 Form 10-Q Financial Statement

#000087688319000023 Filed on November 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $382.0M $342.9M $375.8M
YoY Change -2.69% -8.76% 0.01%
Cost Of Revenue $260.7M $222.4M $238.7M
YoY Change 1.81% -6.8% -4.3%
Gross Profit $121.3M $120.5M $137.1M
YoY Change -11.15% -12.16% 8.51%
Gross Profit Margin 31.74% 35.13% 36.49%
Selling, General & Admin $94.20M $79.70M $102.4M
YoY Change 19.39% -22.17% 31.45%
% of Gross Profit 77.69% 66.16% 74.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.400M $9.400M $11.20M
YoY Change -14.55% -16.07% 0.0%
% of Gross Profit 7.75% 7.8% 8.17%
Operating Expenses $103.7M $89.20M $113.5M
YoY Change 15.35% -21.41% 27.24%
Operating Profit $17.55M $29.42M $2.618M
YoY Change -62.31% 1023.8% -92.97%
Interest Expense -$11.30M -$20.10M -$13.80M
YoY Change -62.83% 45.65% 119.05%
% of Operating Profit -64.39% -68.32% -527.12%
Other Income/Expense, Net $2.200M -$20.51M -$13.60M
YoY Change -320.0% 50.85% 78.72%
Pretax Income $1.800M $8.907M -$10.98M
YoY Change -104.46% -181.11% -137.08%
Income Tax $4.000M $3.457M $2.986M
% Of Pretax Income 222.22% 38.81%
Net Earnings -$7.678M -$1.752M -$16.13M
YoY Change -91.26% -89.13% -187.2%
Net Earnings / Revenue -2.01% -0.51% -4.29%
Basic Earnings Per Share -$0.15 -$0.07 -$0.32
Diluted Earnings Per Share -$0.15 -$0.07 -$0.32
COMMON SHARES
Basic Shares Outstanding 145.0M shares 72.04M shares 57.50M shares
Diluted Shares Outstanding 72.04M shares 57.50M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $106.9M $27.30M $25.10M
YoY Change 245.95% 8.76% 32.8%
Cash & Equivalents $106.9M $27.28M $25.06M
Short-Term Investments
Other Short-Term Assets $35.61M $35.94M $37.87M
YoY Change -16.2% -5.09% 36.97%
Inventory
Prepaid Expenses
Receivables $449.3M $411.8M $437.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $622.0M $513.7M $563.2M
YoY Change 5.64% -8.8% 5.71%
LONG-TERM ASSETS
Property, Plant & Equipment $81.05M $82.95M $90.25M
YoY Change -8.09% -8.09% -0.99%
Goodwill $325.2M $741.0M $843.2M
YoY Change -55.62% -12.12% 0.45%
Intangibles $69.49M $56.73M $75.12M
YoY Change -15.63% -24.47% 0.58%
Long-Term Investments $6.161M $6.824M $6.814M
YoY Change 0.15% 20.5%
Other Assets $30.18M $24.02M $28.63M
YoY Change -5.89% -16.11% -17.23%
Total Long-Term Assets $1.206B $1.238B $1.166B
YoY Change 19.18% 6.13% 7.51%
TOTAL ASSETS
Total Short-Term Assets $622.0M $513.7M $563.2M
Total Long-Term Assets $1.206B $1.238B $1.166B
Total Assets $1.828B $1.752B $1.730B
YoY Change 14.2% 1.27% 6.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.1M $178.9M $219.8M
YoY Change -9.84% -18.57% -5.56%
Accrued Expenses $402.2M $328.5M $300.7M
YoY Change 28.58% 9.25% 3.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $360.0K
YoY Change 20.0%
Total Short-Term Liabilities $819.6M $708.9M $745.0M
YoY Change 10.38% -4.84% -1.08%
LONG-TERM LIABILITIES
Long-Term Debt $887.6M $895.4M $987.9M
YoY Change -6.97% -9.36% 6.12%
Other Long-Term Liabilities $25.77M $17.93M $53.91M
YoY Change -52.5% -66.74% -1.36%
Total Long-Term Liabilities $913.4M $913.3M $1.042B
YoY Change -9.42% -12.33% 5.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $819.6M $708.9M $745.0M
Total Long-Term Liabilities $913.4M $913.3M $1.042B
Total Liabilities $1.982B $1.885B $1.850B
YoY Change 9.68% 1.84% -4.94%
SHAREHOLDERS EQUITY
Retained Earnings -$480.8M -$462.5M -$383.3M
YoY Change 1.1% 20.66% -31.88%
Common Stock $101.5M $98.36M
YoY Change 73.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$230.8M -$214.3M -$243.9M
YoY Change
Total Liabilities & Shareholders Equity $1.828B $1.752B $1.730B
YoY Change 14.2% 1.27% 6.92%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income -$7.678M -$1.752M -$16.13M
YoY Change -91.26% -89.13% -187.2%
Depreciation, Depletion And Amortization $9.400M $9.400M $11.20M
YoY Change -14.55% -16.07% 0.0%
Cash From Operating Activities $92.40M $34.40M $30.00M
YoY Change 127.03% 14.67% -1975.0%
INVESTING ACTIVITIES
Capital Expenditures $4.800M $5.863M $5.543M
YoY Change -5.88% 5.77% -22.46%
Acquisitions
YoY Change
Other Investing Activities $1.600M -$600.0K -$6.700M
YoY Change -44.83% -91.04% -163.81%
Cash From Investing Activities -$3.200M -$6.500M -$12.30M
YoY Change 60.0% -47.15% -461.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.500M -27.90M -17.20M
YoY Change -74.8% 62.21% 290.91%
NET CHANGE
Cash From Operating Activities 92.40M 34.40M 30.00M
Cash From Investing Activities -3.200M -6.500M -12.30M
Cash From Financing Activities -9.500M -27.90M -17.20M
Net Change In Cash 79.70M -0.0000000009313 500.0K
YoY Change 7870.0% -100.0% -119.23%
FREE CASH FLOW
Cash From Operating Activities $92.40M $34.40M $30.00M
Capital Expenditures $4.800M $5.863M $5.543M
Free Cash Flow $87.60M $28.54M $24.46M
YoY Change 146.07% 16.68% -379.54%

Facts In Submission

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