2016 Q1 Form 10-Q Financial Statement

#000091259316000182 Filed on April 26, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $174.6M $155.2M
YoY Change 12.53% 39.59%
Cost Of Revenue $68.40M $58.60M
YoY Change 16.72% 32.58%
Gross Profit $106.3M $96.60M
YoY Change 10.04% 40.2%
Gross Profit Margin 60.87% 62.24%
Selling, General & Admin $15.93M $13.32M
YoY Change 19.61% 29.3%
% of Gross Profit 14.98% 13.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.41M $44.00M
YoY Change 10.02% 52.31%
% of Gross Profit 45.54% 45.55%
Operating Expenses $15.93M $13.32M
YoY Change 19.61% -66.03%
Operating Profit $101.8M $92.04M
YoY Change 10.6% 42.2%
Interest Expense $26.29M $25.39M
YoY Change 3.56% 44.34%
% of Operating Profit 25.83% 27.58%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $12.01M $3.554M
YoY Change 237.82% -66.25%
Income Tax $228.0K $75.00K
% Of Pretax Income 1.9% 2.11%
Net Earnings $7.875M $6.869M
YoY Change 14.65% -12.45%
Net Earnings / Revenue 4.51% 4.43%
Basic Earnings Per Share $0.14 $0.13
Diluted Earnings Per Share $0.14 $0.13
COMMON SHARES
Basic Shares Outstanding 57.74M shares 52.50M shares
Diluted Shares Outstanding 58.13M shares 52.89M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $410.0M $125.0M
YoY Change 228.0% 1288.89%
Cash & Equivalents $410.4M $124.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $17.00M $14.00M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $601.0M $330.0M
YoY Change 82.12% 114.29%
LONG-TERM ASSETS
Property, Plant & Equipment $3.751B $3.376B
YoY Change 11.11% 81.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $3.962B $3.515B
YoY Change 12.73% 79.85%
TOTAL ASSETS
Total Short-Term Assets $601.0M $330.0M
Total Long-Term Assets $3.962B $3.515B
Total Assets $4.563B $3.845B
YoY Change 18.68% 82.36%
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 $45.00M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $2.362B $2.249B
YoY Change 5.02% 57.82%
Other Long-Term Liabilities $184.0M $215.0M
YoY Change -14.42% 82.2%
Total Long-Term Liabilities $2.546B $2.464B
YoY Change 3.33% 59.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.00M
Total Long-Term Liabilities $2.546B $2.464B
Total Liabilities $2.592B $2.463B
YoY Change 5.22% 59.7%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $646.0K $535.0K
YoY Change 20.75% 32.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.810B $1.141B
YoY Change
Total Liabilities & Shareholders Equity $4.563B $3.845B
YoY Change 18.68% 82.36%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $7.875M $6.869M
YoY Change 14.65% -12.45%
Depreciation, Depletion And Amortization $48.41M $44.00M
YoY Change 10.02% 52.31%
Cash From Operating Activities $50.93M $40.94M
YoY Change 24.38% -8.35%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$148.6M
YoY Change -100.0% 42.75%
Acquisitions
YoY Change
Other Investing Activities -$45.30M -$63.60M
YoY Change -28.77% 84.35%
Cash From Investing Activities -$45.25M -$212.2M
YoY Change -78.67% 53.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $385.4M
YoY Change
Debt Paid & Issued, Net $8.249M $36.19M
YoY Change -77.2% 878.77%
Cash From Financing Activities $359.6M $212.6M
YoY Change 69.13% 115.79%
NET CHANGE
Cash From Operating Activities $50.93M $40.94M
Cash From Investing Activities -$45.25M -$212.2M
Cash From Financing Activities $359.6M $212.6M
Net Change In Cash $365.3M $41.42M
YoY Change 781.95% 809.97%
FREE CASH FLOW
Cash From Operating Activities $50.93M $40.94M
Capital Expenditures $0.00 -$148.6M
Free Cash Flow $50.93M $189.5M
YoY Change -73.13% 27.4%

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CY2015Q1 us-gaap Proceeds From Lines Of Credit
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CY2015Q1 us-gaap Proceeds From Sale Of Property Held For Sale
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71000 USD
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149000 USD
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CY2015Q1 us-gaap Real Estate Revenue Net
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3936000 USD
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3191000 USD
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4613000 USD
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45903000 USD
CY2015Q1 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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75000 USD
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228000 USD
CY2016Q1 us-gaap Stock Issued During Period Shares New Issues
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CY2015Q1 us-gaap Stock Issued During Period Value Acquisitions
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258918000 USD
CY2016Q1 us-gaap Stock Issued During Period Value Acquisitions
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CY2015Q4 us-gaap Stockholders Equity
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25.00
CY2015Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
16000 shares
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
13000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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52892000 shares
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WeightedAverageNumberOfDilutedSharesOutstanding
58126000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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52498000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57736000 shares

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