2018 Q1 Form 10-Q Financial Statement

#000151470518000008 Filed on April 26, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $350.5M $309.7M
YoY Change 13.17% -0.45%
Cost Of Revenue $270.6M $234.4M
YoY Change 15.44% -1.92%
Gross Profit $47.00M $42.20M
YoY Change 11.37% -0.47%
Gross Profit Margin 13.41% 13.63%
Selling, General & Admin $15.90M $19.60M
YoY Change -18.88% -17.3%
% of Gross Profit 33.83% 46.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.90M $33.30M
YoY Change -1.2% 18.09%
% of Gross Profit 70.0% 78.91%
Operating Expenses $15.90M $19.60M
YoY Change -18.88% -17.3%
Operating Profit $31.10M $22.60M
YoY Change 37.61% 137.89%
Interest Expense $15.80M $14.00M
YoY Change 12.86% 0.0%
% of Operating Profit 50.8% 61.95%
Other Income/Expense, Net
YoY Change
Pretax Income $15.00M $8.500M
YoY Change 76.47% -46.54%
Income Tax $2.000M $66.20M
% Of Pretax Income 13.33% 778.82%
Net Earnings $8.700M $1.000M
YoY Change 770.0% -124.39%
Net Earnings / Revenue 2.48% 0.32%
Basic Earnings Per Share $0.13 $0.02
Diluted Earnings Per Share $0.13 $0.02
COMMON SHARES
Basic Shares Outstanding 64.60M shares 64.30M shares
Diluted Shares Outstanding 65.40M shares 65.10M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $147.0M $157.2M
YoY Change -6.49% 54.42%
Cash & Equivalents $147.0M $157.2M
Short-Term Investments
Other Short-Term Assets $9.000M $7.800M
YoY Change 15.38% -10.34%
Inventory $110.1M $111.1M
Prepaid Expenses
Receivables $75.30M $62.20M
Other Receivables $5.400M $5.700M
Total Short-Term Assets $346.8M $344.0M
YoY Change 0.81% 13.61%
LONG-TERM ASSETS
Property, Plant & Equipment $1.488B $1.523B
YoY Change -2.3% -2.83%
Goodwill $76.90M $76.90M
YoY Change 0.0% 9.08%
Intangibles $165.1M $176.2M
YoY Change -6.3% -6.03%
Long-Term Investments
YoY Change
Other Assets $3.000M $5.300M
YoY Change -43.4% -47.52%
Total Long-Term Assets $1.733B $1.782B
YoY Change -2.72% -5.58%
TOTAL ASSETS
Total Short-Term Assets $346.8M $344.0M
Total Long-Term Assets $1.733B $1.782B
Total Assets $2.080B $2.126B
YoY Change -2.15% -2.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $131.1M $123.6M
YoY Change 6.07% 37.95%
Accrued Expenses $44.30M $40.90M
YoY Change 8.31% -26.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.800M $6.100M
YoY Change -37.7% 454.55%
Total Short-Term Liabilities $199.9M $182.9M
YoY Change 9.29% 14.24%
LONG-TERM LIABILITIES
Long-Term Debt $860.2M $847.0M
YoY Change 1.56% -10.35%
Other Long-Term Liabilities $15.50M $18.50M
YoY Change -16.22% -0.54%
Total Long-Term Liabilities $875.7M $865.5M
YoY Change 1.18% -10.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $199.9M $182.9M
Total Long-Term Liabilities $875.7M $865.5M
Total Liabilities $1.421B $1.555B
YoY Change -8.62% -0.68%
SHAREHOLDERS EQUITY
Retained Earnings $109.9M -$21.30M
YoY Change -615.96% -47.41%
Common Stock $700.0K $700.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $140.7M $140.7M
YoY Change 0.0% 0.0%
Treasury Stock Shares 7.478M shares 7.478M shares
Shareholders Equity $434.6M $313.4M
YoY Change
Total Liabilities & Shareholders Equity $2.080B $2.126B
YoY Change -2.15% -2.93%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $8.700M $1.000M
YoY Change 770.0% -124.39%
Depreciation, Depletion And Amortization $32.90M $33.30M
YoY Change -1.2% 18.09%
Cash From Operating Activities $57.30M $29.50M
YoY Change 94.24% 0.34%
INVESTING ACTIVITIES
Capital Expenditures $15.40M $12.70M
YoY Change 21.26% -7.97%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$15.40M $7.900M
YoY Change -294.94% -249.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $44.90M $300.0K
YoY Change 14866.67% -99.09%
Cash From Financing Activities -$15.10M -14.20M
YoY Change 6.34% -68.93%
NET CHANGE
Cash From Operating Activities $57.30M 29.50M
Cash From Investing Activities -$15.40M 7.900M
Cash From Financing Activities -$15.10M -14.20M
Net Change In Cash $26.80M 23.20M
YoY Change 15.52% -207.41%
FREE CASH FLOW
Cash From Operating Activities $57.30M $29.50M
Capital Expenditures $15.40M $12.70M
Free Cash Flow $41.90M $16.80M
YoY Change 149.4% 7.69%

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CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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700000000 USD
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2800000 USD
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4300000 USD
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100000 USD
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15500000 USD
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CY2018Q1 us-gaap Payments For Proceeds From Investments
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0 USD
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3400000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
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12700000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
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15400000 USD
CY2017Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
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3100000 USD
CY2017Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
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5400000 USD
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5400000 USD
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28200000 USD
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27700000 USD
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0.01
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0 shares
CY2018Q1 us-gaap Preferred Stock Shares Issued
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0 shares
CY2017Q4 us-gaap Preferred Stock Value
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0 USD
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100000 USD
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0 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
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CY2017Q1 us-gaap Proceeds From Lines Of Credit
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10000000 USD
CY2018Q1 us-gaap Proceeds From Lines Of Credit
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53500000 USD
CY2017Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2017Q1 us-gaap Profit Loss
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CY2018Q1 us-gaap Profit Loss
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10000000 USD
CY2018Q1 us-gaap Repayments Of Lines Of Credit
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53500000 USD
CY2017Q1 us-gaap Repayments Of Long Term Debt
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300000 USD
CY2018Q1 us-gaap Repayments Of Long Term Debt
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44900000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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101200000 USD
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109900000 USD
CY2017Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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309700000 USD
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350500000 USD
CY2017Q1 us-gaap Revenues
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309700000 USD
CY2018Q1 us-gaap Revenues
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350500000 USD
CY2017Q1 us-gaap Sales Revenue Net
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309700000 USD
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350500000 USD
CY2017Q1 us-gaap Selling General And Administrative Expense
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19600000 USD
CY2018Q1 us-gaap Selling General And Administrative Expense
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15900000 USD
CY2017Q1 us-gaap Share Based Compensation
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1600000 USD
CY2018Q1 us-gaap Share Based Compensation
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800000 USD
CY2017Q4 us-gaap Stockholders Equity
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426200000 USD
CY2018Q1 us-gaap Stockholders Equity
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CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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659600000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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659500000 USD
CY2017Q4 us-gaap Taxes Payable Current
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0 USD
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0 USD
CY2017Q4 us-gaap Treasury Stock Shares
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CY2018Q1 us-gaap Treasury Stock Shares
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7477657 shares
CY2017Q4 us-gaap Treasury Stock Value
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140700000 USD
CY2018Q1 us-gaap Treasury Stock Value
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140700000 USD
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
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17700000 USD
CY2018Q1 us-gaap Unamortized Debt Issuance Expense
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17100000 USD
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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65100000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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65400000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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64300000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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64600000 shares

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