2016 Q2 Form 10-Q Financial Statement

#000151470516000008 Filed on July 29, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $292.7M $348.2M
YoY Change -15.94% -6.45%
Cost Of Revenue $224.4M $296.0M
YoY Change -24.19% -1.53%
Gross Profit $39.70M $25.20M
YoY Change 57.54% -52.54%
Gross Profit Margin 13.56% 7.24%
Selling, General & Admin $23.70M $19.40M
YoY Change 22.16% -11.42%
% of Gross Profit 59.7% 76.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.60M $26.40M
YoY Change 8.33% -7.69%
% of Gross Profit 72.04% 104.76%
Operating Expenses $23.70M $19.40M
YoY Change 22.16% -11.42%
Operating Profit $10.90M $6.400M
YoY Change 70.31% -108.96%
Interest Expense $13.40M $13.00M
YoY Change 3.08% -52.03%
% of Operating Profit 122.94% 203.13%
Other Income/Expense, Net
YoY Change
Pretax Income $1.000M -$6.600M
YoY Change -115.15% -93.3%
Income Tax $0.00 -$800.0K
% Of Pretax Income 0.0%
Net Earnings -$4.600M -$13.50M
YoY Change -65.93% -72.56%
Net Earnings / Revenue -1.57% -3.88%
Basic Earnings Per Share -$0.07 -$0.21
Diluted Earnings Per Share -$0.07 -$0.21
COMMON SHARES
Basic Shares Outstanding 64.20M shares 65.20M shares
Diluted Shares Outstanding 64.20M shares 65.20M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $108.0M $201.7M
YoY Change -46.46% -1.32%
Cash & Equivalents $108.0M $201.7M
Short-Term Investments
Other Short-Term Assets $7.200M $6.900M
YoY Change 4.35% 21.05%
Inventory $106.4M $107.6M
Prepaid Expenses
Receivables $48.20M $56.70M
Other Receivables $9.700M $6.900M
Total Short-Term Assets $279.5M $398.3M
YoY Change -29.83% -8.1%
LONG-TERM ASSETS
Property, Plant & Equipment $1.558B $1.453B
YoY Change 7.25% -3.09%
Goodwill $70.50M
YoY Change
Intangibles $184.6M
YoY Change
Long-Term Investments $41.00M $20.30M
YoY Change 101.97% -65.3%
Other Assets $5.800M $16.40M
YoY Change -64.63% -65.4%
Total Long-Term Assets $1.863B $1.857B
YoY Change 0.29% 19.61%
TOTAL ASSETS
Total Short-Term Assets $279.5M $398.3M
Total Long-Term Assets $1.863B $1.857B
Total Assets $2.142B $2.256B
YoY Change -5.03% 13.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $91.70M $95.90M
YoY Change -4.38% -21.26%
Accrued Expenses $50.30M $43.30M
YoY Change 16.17% -17.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $1.100M $20.10M
YoY Change -94.53% 54.62%
Total Short-Term Liabilities $180.2M $161.0M
YoY Change 11.93% -21.58%
LONG-TERM LIABILITIES
Long-Term Debt $887.3M $699.1M
YoY Change 26.92% 7.14%
Other Long-Term Liabilities $16.90M $14.60M
YoY Change 15.75% -10.43%
Total Long-Term Liabilities $904.2M $713.7M
YoY Change 26.69% 6.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $180.2M $161.0M
Total Long-Term Liabilities $904.2M $713.7M
Total Liabilities $1.526B $1.290B
YoY Change 18.28% 2.0%
SHAREHOLDERS EQUITY
Retained Earnings -$45.10M -$12.40M
YoY Change 263.71% -114.29%
Common Stock $700.0K $700.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $140.7M $125.0M
YoY Change 12.56% 316.67%
Treasury Stock Shares 7.478M shares 6.161M shares
Shareholders Equity $285.2M $387.2M
YoY Change
Total Liabilities & Shareholders Equity $2.142B $1.950B
YoY Change 9.83% -7.89%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$4.600M -$13.50M
YoY Change -65.93% -72.56%
Depreciation, Depletion And Amortization $28.60M $26.40M
YoY Change 8.33% -7.69%
Cash From Operating Activities $92.10M $65.50M
YoY Change 40.61% 78.96%
INVESTING ACTIVITIES
Capital Expenditures $16.40M -$14.20M
YoY Change -215.49% -64.76%
Acquisitions
YoY Change
Other Investing Activities -$2.600M
YoY Change
Cash From Investing Activities -$19.00M -$14.20M
YoY Change 33.8% -64.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -66.90M -15.00M
YoY Change 346.0% -151.19%
NET CHANGE
Cash From Operating Activities 92.10M 65.50M
Cash From Investing Activities -19.00M -14.20M
Cash From Financing Activities -66.90M -15.00M
Net Change In Cash 6.200M 36.30M
YoY Change -82.92% 38.55%
FREE CASH FLOW
Cash From Operating Activities $92.10M $65.50M
Capital Expenditures $16.40M -$14.20M
Free Cash Flow $75.70M $79.70M
YoY Change -5.02% 3.64%

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9700000 USD
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10700000 USD
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10900000 USD
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0.121
us-gaap Effective Income Tax Rate Continuing Operations
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0.000
us-gaap Effective Income Tax Rate Continuing Operations
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0.195
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0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
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11100000 USD
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200600000 USD
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11100000 USD
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16000000 USD
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135300000 USD
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5500000 USD
CY2015Q4 us-gaap Energy Related Inventory Coal
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76500000 USD
CY2016Q2 us-gaap Energy Related Inventory Coal
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62000000 USD
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1
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10400000 USD
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200600000 USD
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190200000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Net
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184600000 USD
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0 USD
us-gaap Gain Loss On Sale Of Business
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0 USD
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us-gaap Gain Loss On Sale Of Business
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-14700000 USD
us-gaap Income Tax Expense Benefit
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3300000 USD
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11600000 USD
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9700000 USD
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0 USD
us-gaap Gains Losses On Extinguishment Of Debt
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-9400000 USD
CY2016Q2 us-gaap Gains Losses On Extinguishment Of Debt
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3500000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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23900000 USD
CY2015Q4 us-gaap Goodwill
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71100000 USD
CY2016Q2 us-gaap Goodwill
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70500000 USD
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-4400000 USD
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1000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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16900000 USD
us-gaap Income Tax Reconciliation Disposition Of Business
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us-gaap Income Taxes Paid Net
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2200000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
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-0.21
us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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-0.07
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.14
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us-gaap Income Loss From Equity Method Investments
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-1400000 USD
CY2016Q2 us-gaap Income Loss From Equity Method Investments
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0 USD
us-gaap Income Loss From Equity Method Investments
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0 USD
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-2200000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
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-800000 USD
us-gaap Increase Decrease In Accounts Payable
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us-gaap Income Tax Expense Benefit
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300000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
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0 USD
us-gaap Increase Decrease In Income Taxes Receivable
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-1900000 USD
us-gaap Increase Decrease In Interest Payable Net
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1900000 USD
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-2100000 USD
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-36000000 USD
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-15500000 USD
us-gaap Increase Decrease In Security Deposits
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0 USD
us-gaap Increase Decrease In Accounts Payable
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-5500000 USD
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-21500000 USD
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-16200000 USD
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-18900000 USD
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7000000 USD
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0 USD
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18200000 USD
us-gaap Increase Decrease In Due To Affiliates
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0 USD
us-gaap Increase Decrease In Due To Affiliates
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0 USD
us-gaap Increase Decrease In Income Taxes Receivable
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900000 USD
us-gaap Increase Decrease In Restricted Cash
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0 USD
us-gaap Increase Decrease In Restricted Cash
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-15900000 USD
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0 USD
CY2016Q2 us-gaap Increase Decrease In Security Deposits
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1900000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Increase Decrease In Security Deposits
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1900000 USD
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0 shares
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65500000 USD
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
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190200000 USD
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184600000 USD
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13000000 USD
us-gaap Interest Expense
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26900000 USD
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13400000 USD
us-gaap Interest Expense
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27400000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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76600000 USD
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us-gaap Interest Income Expense Net
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25000000 USD
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30800000 USD
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18900000 USD
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16800000 USD
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121800000 USD
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92100000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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121500000 USD
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106400000 USD
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2255500000 USD
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2142000000 USD
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180200000 USD
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900000 USD
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0 USD
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5900000 USD
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0 USD
CY2015Q2 us-gaap License And Services Revenue
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8500000 USD
us-gaap License And Services Revenue
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18400000 USD
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7400000 USD
us-gaap License And Services Revenue
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15100000 USD
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
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1100000 USD
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1100000 USD
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332900000 USD
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330500000 USD
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24700000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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8600000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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6400000 USD
us-gaap Operating Income Loss
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31900000 USD
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10900000 USD
us-gaap Operating Income Loss
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20400000 USD
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2400000 USD
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4900000 USD
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3900000 USD
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15400000 USD
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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5600000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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22300000 USD
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5800000 USD
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1100000 USD
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1400000 USD
us-gaap Other Sales Revenue Net
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3300000 USD
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2300000 USD
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4700000 USD
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0 USD
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20000000 USD
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3100000 USD
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4800000 USD
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8800000 USD
us-gaap Payments Of Dividends
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18700000 USD
us-gaap Payments Of Dividends Minority Interest
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24700000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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22500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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30200000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Tax
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0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Tax
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0 USD
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5200000 USD
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5200000 USD
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31300000 USD
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30100000 USD
us-gaap Pension Expense
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13100000 USD
us-gaap Pension Expense
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0 USD
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0.01
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0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
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50000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
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50000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
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0 shares
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0 USD
CY2016Q2 us-gaap Preferred Stock Value
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0 USD
us-gaap Proceeds From Income Tax Refunds
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0 USD
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4000000 USD
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210800000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
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0 USD
us-gaap Proceeds From Lines Of Credit
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20000000 USD
CY2015Q2 us-gaap Profit Loss
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us-gaap Profit Loss
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CY2016Q2 us-gaap Profit Loss
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1000000 USD
us-gaap Profit Loss
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13600000 USD
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1558300000 USD
us-gaap Repayments Of Lines Of Credit
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0 USD
us-gaap Repayments Of Lines Of Credit
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60400000 USD
us-gaap Repayments Of Long Term Debt
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149500000 USD
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28600000 USD
us-gaap Other Depreciation And Amortization
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56800000 USD
us-gaap Repayments Of Long Term Debt
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47000000 USD
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22100000 USD
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18200000 USD
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16900000 USD
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0 USD
CY2015Q2 us-gaap Other Depreciation And Amortization
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26400000 USD
CY2016Q2 us-gaap Other Long Term Investments
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0 USD
us-gaap Other Depreciation And Amortization
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50200000 USD
us-gaap Other Operating Activities Cash Flow Statement
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us-gaap Other Operating Activities Cash Flow Statement
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3300000 USD
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600000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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700000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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1100000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Tax
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us-gaap Other Operating Income Expense Net
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700000 USD
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100000 USD
us-gaap Other Operating Income Expense Net
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700000 USD
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600000 USD
us-gaap Other Sales Revenue Net
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1800000 USD
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64200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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64100000 shares
CY2015Q4 us-gaap Unamortized Debt Issuance Expense
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17100000 USD
CY2016Q2 us-gaap Unamortized Debt Issuance Expense
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13600000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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65200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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65700000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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64200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64100000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65700000 shares
CY2016Q2 us-gaap Restructuring Reserve
RestructuringReserve
1800000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-36400000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-45100000 USD
CY2015Q2 us-gaap Revenues
Revenues
348200000 USD
us-gaap Revenues
Revenues
672200000 USD
CY2016Q2 us-gaap Revenues
Revenues
292700000 USD
us-gaap Revenues
Revenues
603800000 USD
CY2015Q2 us-gaap Sales Revenue From Energy Commodities And Services
SalesRevenueFromEnergyCommoditiesAndServices
15100000 USD
us-gaap Sales Revenue From Energy Commodities And Services
SalesRevenueFromEnergyCommoditiesAndServices
31700000 USD
CY2016Q2 us-gaap Sales Revenue From Energy Commodities And Services
SalesRevenueFromEnergyCommoditiesAndServices
14400000 USD
us-gaap Sales Revenue From Energy Commodities And Services
SalesRevenueFromEnergyCommoditiesAndServices
28900000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
347600000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
671500000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4200000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
292600000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
603100000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
19400000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
32000000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23700000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
47000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3400000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
289900000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
285200000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
622800000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
615700000 USD
CY2015Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
0 USD
CY2016Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
0 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
7477657 shares
CY2016Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
7477657 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
140700000 USD
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
140700000 USD

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