2017 Q1 Form 10-Q Financial Statement

#000091259317000064 Filed on April 27, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $234.4M $174.6M
YoY Change 34.22% 12.53%
Cost Of Revenue $91.00M $68.40M
YoY Change 33.04% 16.72%
Gross Profit $143.4M $106.3M
YoY Change 34.9% 10.04%
Gross Profit Margin 61.18% 60.87%
Selling, General & Admin $21.04M $15.93M
YoY Change 32.1% 19.61%
% of Gross Profit 14.67% 14.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $62.77M $48.41M
YoY Change 29.65% 10.02%
% of Gross Profit 43.77% 45.54%
Operating Expenses $21.04M $15.93M
YoY Change 32.1% 19.61%
Operating Profit $137.9M $101.8M
YoY Change 35.48% 10.6%
Interest Expense $31.32M $26.29M
YoY Change 19.12% 3.56%
% of Operating Profit 22.71% 25.83%
Other Income/Expense, Net $839.0K $0.00
YoY Change
Pretax Income $24.58M $12.01M
YoY Change 104.76% 237.82%
Income Tax $178.0K $228.0K
% Of Pretax Income 0.72% 1.9%
Net Earnings $21.10M $7.875M
YoY Change 167.99% 14.65%
Net Earnings / Revenue 9.0% 4.51%
Basic Earnings Per Share $0.29 $0.14
Diluted Earnings Per Share $0.29 $0.14
COMMON SHARES
Basic Shares Outstanding 72.68M shares 57.74M shares
Diluted Shares Outstanding 73.12M shares 58.13M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.00M $410.0M
YoY Change -97.32% 228.0%
Cash & Equivalents $10.92M $410.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $24.00M $17.00M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $206.0M $601.0M
YoY Change -65.72% 82.12%
LONG-TERM ASSETS
Property, Plant & Equipment $5.484B $3.751B
YoY Change 46.2% 11.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $5.696B $3.962B
YoY Change 43.78% 12.73%
TOTAL ASSETS
Total Short-Term Assets $206.0M $601.0M
Total Long-Term Assets $5.696B $3.962B
Total Assets $5.902B $4.563B
YoY Change 29.36% 18.68%
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 $53.00M $45.00M
YoY Change 17.78%
LONG-TERM LIABILITIES
Long-Term Debt $3.141B $2.362B
YoY Change 32.98% 5.02%
Other Long-Term Liabilities $285.0M $184.0M
YoY Change 54.89% -14.42%
Total Long-Term Liabilities $3.426B $2.546B
YoY Change 34.56% 3.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.00M $45.00M
Total Long-Term Liabilities $3.426B $2.546B
Total Liabilities $3.478B $2.592B
YoY Change 34.19% 5.22%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $737.0K $646.0K
YoY Change 14.09% 20.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.295B $1.810B
YoY Change
Total Liabilities & Shareholders Equity $5.902B $4.563B
YoY Change 29.36% 18.68%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $21.10M $7.875M
YoY Change 167.99% 14.65%
Depreciation, Depletion And Amortization $62.77M $48.41M
YoY Change 29.65% 10.02%
Cash From Operating Activities $69.21M $50.93M
YoY Change 35.9% 24.38%
INVESTING ACTIVITIES
Capital Expenditures -$13.00M $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$45.30M
YoY Change -100.0% -28.77%
Cash From Investing Activities -$71.66M -$45.25M
YoY Change 58.37% -78.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $21.20M $385.4M
YoY Change -94.5%
Debt Paid & Issued, Net $42.30M $8.249M
YoY Change 412.74% -77.2%
Cash From Financing Activities $3.862M $359.6M
YoY Change -98.93% 69.13%
NET CHANGE
Cash From Operating Activities $69.21M $50.93M
Cash From Investing Activities -$71.66M -$45.25M
Cash From Financing Activities $3.862M $359.6M
Net Change In Cash $1.397M $365.3M
YoY Change -99.62% 781.95%
FREE CASH FLOW
Cash From Operating Activities $69.21M $50.93M
Capital Expenditures -$13.00M $0.00
Free Cash Flow $82.21M $50.93M
YoY Change 61.43% -73.13%

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0 USD
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584000 USD
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CY2017Q1 us-gaap Preferred Stock Value
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CY2017Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
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20504000 USD
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44820000 USD
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CY2016Q1 us-gaap Proceeds From Sale Of Property Held For Sale
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2847000 USD
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CY2016Q1 us-gaap Proceeds From Stock Options Exercised
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149000 USD
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45000 USD
CY2016Q1 us-gaap Profit Loss
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11778000 USD
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25545000 USD
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CY2016Q4 us-gaap Real Estate Investment Property At Cost
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CY2017Q1 us-gaap Real Estate Investment Property Net
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CY2016Q1 us-gaap Real Estate Revenue Net
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9585000 USD
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CY2016Q4 us-gaap Rental Properties
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300000000 USD
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11459000 USD
CY2017Q1 us-gaap Repayments Of Lines Of Credit
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CY2016Q1 us-gaap Repayments Of Long Term Debt
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42296000 USD
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CY2016Q1 us-gaap Revenues
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234400000 USD
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170293000 USD
CY2017Q1 us-gaap Sales Revenue Net
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228875000 USD
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4613000 USD
CY2017Q1 us-gaap Sales Revenue Services Gross
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6219000 USD
CY2016Q4 us-gaap Secured Debt
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CY2016Q1 us-gaap Selling Expense
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CY2017Q1 us-gaap Selling Expense
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3111000 USD
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66.50
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45903000 USD
CY2017Q1 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount
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45903000 USD
CY2016Q1 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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228000 USD
CY2017Q1 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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178000 USD
CY2016Q1 us-gaap Stock Issued During Period Shares New Issues
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CY2017Q1 us-gaap Stock Issued During Period Value New Issues
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20556000 USD
CY2017Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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45000 USD
CY2016Q4 us-gaap Stockholders Equity
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2295611000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2358947000 USD
CY2017Q1 us-gaap Temporary Equity Redemption Price Per Share
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25.00
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
13000 shares
CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58126000 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73120000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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57736000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72677000 shares

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