2015 Q2 Form 10-Q Financial Statement

#000091259315000093 Filed on July 30, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $165.9M $115.4M
YoY Change 43.81% 15.21%
Cost Of Revenue $66.60M $50.70M
YoY Change 31.36% 21.0%
Gross Profit $99.30M $67.80M
YoY Change 46.46% 17.3%
Gross Profit Margin 59.84% 58.76%
Selling, General & Admin $14.44M $11.50M
YoY Change 25.59% 32.18%
% of Gross Profit 14.54% 16.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $41.41M $30.05M
YoY Change 37.83% 15.27%
% of Gross Profit 41.7% 44.31%
Operating Expenses $14.44M $41.60M
YoY Change -65.28% 19.54%
Operating Profit $94.68M $64.18M
YoY Change 47.52% 16.7%
Interest Expense $26.75M $17.94M
YoY Change 49.11% -1.43%
% of Operating Profit 28.25% 27.95%
Other Income/Expense, Net
YoY Change
Pretax Income $11.08M $6.394M
YoY Change 73.22% 123.49%
Income Tax $77.00K $70.00K
% Of Pretax Income 0.7% 1.09%
Net Earnings $12.29M $4.928M
YoY Change 149.47% 376.14%
Net Earnings / Revenue 7.41% 4.27%
Basic Earnings Per Share $0.23 $0.12
Diluted Earnings Per Share $0.23 $0.12
COMMON SHARES
Basic Shares Outstanding 52.85M shares 40.33M shares
Diluted Shares Outstanding 53.24M shares 40.55M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.00M $8.000M
YoY Change 50.0% 33.33%
Cash & Equivalents $11.93M $7.620M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $10.00M $6.000M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $186.0M $155.0M
YoY Change 20.0% 2.65%
LONG-TERM ASSETS
Property, Plant & Equipment $3.716B $1.900B
YoY Change 95.58% 13.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $3.847B $1.989B
YoY Change 93.41% 12.64%
TOTAL ASSETS
Total Short-Term Assets $186.0M $155.0M
Total Long-Term Assets $3.847B $1.989B
Total Assets $4.033B $2.144B
YoY Change 88.1% 11.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $2.382B $1.446B
YoY Change 64.73% 5.39%
Other Long-Term Liabilities $236.0M $127.0M
YoY Change 85.83% 19.81%
Total Long-Term Liabilities $2.618B $1.573B
YoY Change 66.43% 6.43%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $2.618B $1.573B
Total Liabilities $2.617B $1.572B
YoY Change 66.44% 6.41%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $538.0K $411.0K
YoY Change 30.9% 8.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.127B $559.7M
YoY Change
Total Liabilities & Shareholders Equity $4.033B $2.144B
YoY Change 88.1% 11.85%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $12.29M $4.928M
YoY Change 149.47% 376.14%
Depreciation, Depletion And Amortization $41.41M $30.05M
YoY Change 37.83% 15.27%
Cash From Operating Activities $51.50M $32.40M
YoY Change 58.95% -1.22%
INVESTING ACTIVITIES
Capital Expenditures -$88.80M -$33.30M
YoY Change 166.67% 22.88%
Acquisitions
YoY Change
Other Investing Activities -$3.900M -$24.90M
YoY Change -84.34% -51.46%
Cash From Investing Activities -$92.70M -$58.10M
YoY Change 59.55% -25.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -71.70M 24.00M
YoY Change -398.75% -366.67%
NET CHANGE
Cash From Operating Activities 51.50M 32.40M
Cash From Investing Activities -92.70M -58.10M
Cash From Financing Activities -71.70M 24.00M
Net Change In Cash -112.9M -1.700M
YoY Change 6541.18% -96.89%
FREE CASH FLOW
Cash From Operating Activities $51.50M $32.40M
Capital Expenditures -$88.80M -$33.30M
Free Cash Flow $140.3M $65.70M
YoY Change 113.55% 9.68%

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us-gaap Proceeds From Sale Of Land Held For Use
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17282000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Proceeds From Stock Options Exercised
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71000 USD
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us-gaap Profit Loss
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18471000 USD
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us-gaap Profit Loss
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3716141000 USD
CY2014Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
86105000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
173602000 USD
CY2015Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
125833000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
245358000 USD
CY2014Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
6079000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
12088000 USD
CY2015Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
8796000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
17511000 USD
CY2014Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
18722000 USD
CY2015Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
24155000 USD
CY2014Q4 us-gaap Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
13610000 USD
CY2015Q2 us-gaap Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
190079000 USD
CY2014Q4 us-gaap Rental Properties
RentalProperties
477554000 USD
CY2015Q2 us-gaap Rental Properties
RentalProperties
522548000 USD
CY2014Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
CY2015Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
-2800000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
-2800000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
356844000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
26036000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
8178000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
114091000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
10515000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
8079000 USD
CY2014Q2 us-gaap Revenues
Revenues
118526000 USD
us-gaap Revenues
Revenues
231625000 USD
CY2015Q2 us-gaap Revenues
Revenues
165938000 USD
us-gaap Revenues
Revenues
321138000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
114905000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
224363000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
161316000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
311995000 USD
CY2014Q2 us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
4254000 USD
us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
6690000 USD
CY2015Q2 us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
5254000 USD
us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
8445000 USD
CY2014Q4 us-gaap Secured Debt
SecuredDebt
1826293000 USD
CY2015Q2 us-gaap Secured Debt
SecuredDebt
2343821000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2223000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3336000 USD
CY2015Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
63.94
CY2015Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
65.15
CY2014Q2 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
70000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
139000 USD
CY2015Q2 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
77000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
152000 USD
CY2015Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
342011 shares
CY2015Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
26200 shares
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
278953000 USD
CY2015Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
21500000 USD
CY2015Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1700000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
878129000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
1127173000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
907820000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1201544000 USD
CY2014Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2015Q2 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2015Q2 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
25.00
CY2014Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
483000 shares
CY2015Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
6365000 shares
CY2014Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
98630000 USD
CY2015Q2 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
96983000 USD
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
14000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
15000 shares
CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
14000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40546000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38631000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53237000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53060000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40331000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38413000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52846000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52672000 shares

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