2015 Q3 Form 10-Q Financial Statement

#000091259315000111 Filed on October 27, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $185.4M $185.4M
YoY Change 0.0% 72.9%
Cost Of Revenue $74.60M $56.00M
YoY Change 33.21% 22.81%
Gross Profit $110.8M $74.60M
YoY Change 48.53% 21.1%
Gross Profit Margin 59.78% 40.25%
Selling, General & Admin $14.58M $9.300M
YoY Change 56.77% 13.41%
% of Gross Profit 13.16% 12.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.70M $29.92M
YoY Change 49.4% 3.91%
% of Gross Profit 40.34% 40.1%
Operating Expenses $14.58M $39.20M
YoY Change -62.81% 5.95%
Operating Profit $106.3M $70.76M
YoY Change 50.25% 23.92%
Interest Expense $27.45M $18.62M
YoY Change 47.45% 4.47%
% of Operating Profit 25.82% 26.31%
Other Income/Expense, Net
YoY Change
Pretax Income $21.58M $12.78M
YoY Change 68.89% 138.43%
Income Tax $77.00K -$69.00K
% Of Pretax Income 0.36% -0.54%
Net Earnings $28.76M $22.67M
YoY Change 26.87% 504.72%
Net Earnings / Revenue 15.52% 12.23%
Basic Earnings Per Share $0.53 $0.54
Diluted Earnings Per Share $0.53 $0.54
COMMON SHARES
Basic Shares Outstanding 53.22M shares 41.02M shares
Diluted Shares Outstanding 53.67M shares 41.27M shares

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.00M $259.0M
YoY Change -90.73% 5080.0%
Cash & Equivalents $23.92M $259.2M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $15.00M $5.000M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $204.0M $411.0M
YoY Change -50.36% 165.16%
LONG-TERM ASSETS
Property, Plant & Equipment $3.784B $1.885B
YoY Change 100.74% 11.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $3.911B $2.020B
YoY Change 93.61% 13.36%
TOTAL ASSETS
Total Short-Term Assets $204.0M $411.0M
Total Long-Term Assets $3.911B $2.020B
Total Assets $4.115B $2.431B
YoY Change 69.27% 25.51%
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 $39.00M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $2.558B $1.394B
YoY Change 83.5% -0.99%
Other Long-Term Liabilities $190.0M $123.0M
YoY Change 54.47% 12.84%
Total Long-Term Liabilities $2.748B $1.517B
YoY Change 81.15% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.00M
Total Long-Term Liabilities $2.748B $1.517B
Total Liabilities $2.787B $1.517B
YoY Change 83.66% 0.02%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $545.0K $480.0K
YoY Change 13.54% 32.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.163B $902.0M
YoY Change
Total Liabilities & Shareholders Equity $4.115B $2.431B
YoY Change 69.27% 25.51%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $28.76M $22.67M
YoY Change 26.87% 504.72%
Depreciation, Depletion And Amortization $44.70M $29.92M
YoY Change 49.4% 3.91%
Cash From Operating Activities $54.40M $32.20M
YoY Change 68.94% -5.01%
INVESTING ACTIVITIES
Capital Expenditures -$71.90M $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$26.40M -$51.80M
YoY Change -49.03% 4.44%
Cash From Investing Activities -$98.30M -$51.80M
YoY Change 89.77% 4.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 56.00M 271.3M
YoY Change -79.36% 1810.56%
NET CHANGE
Cash From Operating Activities 54.40M 32.20M
Cash From Investing Activities -98.30M -51.80M
Cash From Financing Activities 56.00M 271.3M
Net Change In Cash 12.10M 251.7M
YoY Change -95.19% -16880.0%
FREE CASH FLOW
Cash From Operating Activities $54.40M $32.20M
Capital Expenditures -$71.90M $0.00
Free Cash Flow $126.3M $32.20M
YoY Change 292.24% -5.01%

Facts In Submission

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44695000 USD
us-gaap Depreciation Depletion And Amortization
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us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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3606000 USD
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us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2125000 USD
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3132000 USD
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us-gaap Proceeds From Sale Of Land Held For Use
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us-gaap Proceeds From Sale Of Land Held For Use
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us-gaap Proceeds From Sale Of Property Held For Sale
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us-gaap Proceeds From Sale Of Property Held For Sale
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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3940000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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4849000 USD
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Profit Loss
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CY2015Q3 us-gaap Profit Loss
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us-gaap Profit Loss
ProfitLoss
70431000 USD
CY2014Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
795753000 USD
CY2015Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
879184000 USD
CY2014Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3363917000 USD
CY2015Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4662713000 USD
CY2014Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2568164000 USD
CY2015Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3783529000 USD
CY2014Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
94245000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
267847000 USD
CY2015Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
137548000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
382906000 USD
CY2014Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
6004000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
18092000 USD
CY2015Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
8520000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
26031000 USD
CY2014Q4 us-gaap Rental Properties
RentalProperties
439163000 USD
CY2015Q3 us-gaap Rental Properties
RentalProperties
478764000 USD
CY2014Q3 us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
CY2015Q3 us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
-2800000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
566307000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
233222000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
87579000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
121247000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
17119000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
13243000 USD
CY2014Q3 us-gaap Revenues
Revenues
130632000 USD
us-gaap Revenues
Revenues
362257000 USD
CY2015Q3 us-gaap Revenues
Revenues
185355000 USD
us-gaap Revenues
Revenues
506493000 USD
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
126749000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
351112000 USD
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
180906000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
492901000 USD
CY2014Q3 us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
8762000 USD
us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
15452000 USD
CY2015Q3 us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
12511000 USD
us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
20956000 USD
CY2014Q4 us-gaap Secured Debt
SecuredDebt
1656740000 USD
CY2015Q3 us-gaap Secured Debt
SecuredDebt
2205760000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3408000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5234000 USD
CY2015Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
63.94
CY2015Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
65.15
CY2015Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
68.00
CY2014Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount
SharesSubjectToMandatoryRedemptionSettlementTermsAmount
45903000 USD
CY2015Q3 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount
SharesSubjectToMandatoryRedemptionSettlementTermsAmount
45903000 USD
CY2014Q3 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
69000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
207000 USD
CY2015Q3 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
229000 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
CY2015Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
608100 shares
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
278955000 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
CY2015Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
40800000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
878129000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
1162757000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
907820000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1238335000 USD
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
1000000 USD
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
300000 USD
CY2015Q3 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
25.00
CY2014Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
15000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
16000 shares
CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
14000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
16000 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41267000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41575000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53665000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53271000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41023000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39283000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53220000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52855000 shares

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exhibit311-ceocertificatio.htm Edgar Link pending
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