2019 Q1 Form 10-Q Financial Statement

#000151470519000008 Filed on April 24, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $391.3M $350.5M
YoY Change 11.64% 13.17%
Cost Of Revenue $304.7M $270.6M
YoY Change 12.6% 15.44%
Gross Profit $46.70M $47.00M
YoY Change -0.64% 11.37%
Gross Profit Margin 11.93% 13.41%
Selling, General & Admin $16.70M $15.90M
YoY Change 5.03% -18.88%
% of Gross Profit 35.76% 33.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.20M $32.90M
YoY Change 13.07% -1.2%
% of Gross Profit 79.66% 70.0%
Operating Expenses $16.70M $15.90M
YoY Change 5.03% -18.88%
Operating Profit $30.00M $31.10M
YoY Change -3.54% 37.61%
Interest Expense $14.80M $15.80M
YoY Change -6.33% 12.86%
% of Operating Profit 49.33% 50.8%
Other Income/Expense, Net
YoY Change
Pretax Income $15.20M $15.00M
YoY Change 1.33% 76.47%
Income Tax $3.000M $2.000M
% Of Pretax Income 19.74% 13.33%
Net Earnings $9.800M $8.700M
YoY Change 12.64% 770.0%
Net Earnings / Revenue 2.5% 2.48%
Basic Earnings Per Share $0.15 $0.13
Diluted Earnings Per Share $0.15 $0.13
COMMON SHARES
Basic Shares Outstanding 64.90M shares 64.60M shares
Diluted Shares Outstanding 65.30M shares 65.40M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $143.9M $147.0M
YoY Change -2.11% -6.49%
Cash & Equivalents $143.9M $147.0M
Short-Term Investments
Other Short-Term Assets $6.200M $9.000M
YoY Change -31.11% 15.38%
Inventory $150.7M $110.1M
Prepaid Expenses
Receivables $86.30M $75.30M
Other Receivables $0.00 $5.400M
Total Short-Term Assets $387.1M $346.8M
YoY Change 11.62% 0.81%
LONG-TERM ASSETS
Property, Plant & Equipment $1.459B $1.488B
YoY Change -1.96% -2.3%
Goodwill $76.90M $76.90M
YoY Change 0.0% 0.0%
Intangibles $154.1M $165.1M
YoY Change -6.66% -6.3%
Long-Term Investments
YoY Change
Other Assets $20.20M $3.000M
YoY Change 573.33% -43.4%
Total Long-Term Assets $1.710B $1.733B
YoY Change -1.33% -2.72%
TOTAL ASSETS
Total Short-Term Assets $387.1M $346.8M
Total Long-Term Assets $1.710B $1.733B
Total Assets $2.097B $2.080B
YoY Change 0.83% -2.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $145.7M $131.1M
YoY Change 11.14% 6.07%
Accrued Expenses $42.30M $44.30M
YoY Change -4.51% 8.31%
Deferred Revenue $7.500M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.500M $3.800M
YoY Change 18.42% -37.7%
Total Short-Term Liabilities $218.0M $199.9M
YoY Change 9.05% 9.29%
LONG-TERM LIABILITIES
Long-Term Debt $828.8M $860.2M
YoY Change -3.65% 1.56%
Other Long-Term Liabilities $25.80M $15.50M
YoY Change 66.45% -16.22%
Total Long-Term Liabilities $854.6M $875.7M
YoY Change -2.41% 1.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $218.0M $199.9M
Total Long-Term Liabilities $854.6M $875.7M
Total Liabilities $1.410B $1.421B
YoY Change -0.72% -8.62%
SHAREHOLDERS EQUITY
Retained Earnings $137.2M $109.9M
YoY Change 24.84% -615.96%
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 $472.1M $434.6M
YoY Change
Total Liabilities & Shareholders Equity $2.097B $2.080B
YoY Change 0.83% -2.15%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $9.800M $8.700M
YoY Change 12.64% 770.0%
Depreciation, Depletion And Amortization $37.20M $32.90M
YoY Change 13.07% -1.2%
Cash From Operating Activities $35.30M $57.30M
YoY Change -38.39% 94.24%
INVESTING ACTIVITIES
Capital Expenditures $20.90M $15.40M
YoY Change 35.71% 21.26%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$20.90M -$15.40M
YoY Change 35.71% -294.94%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $300.0K $44.90M
YoY Change -99.33% 14866.67%
Cash From Financing Activities -$16.20M -$15.10M
YoY Change 7.28% 6.34%
NET CHANGE
Cash From Operating Activities $35.30M $57.30M
Cash From Investing Activities -$20.90M -$15.40M
Cash From Financing Activities -$16.20M -$15.10M
Net Change In Cash -$1.800M $26.80M
YoY Change -106.72% 15.52%
FREE CASH FLOW
Cash From Operating Activities $35.30M $57.30M
Capital Expenditures $20.90M $15.40M
Free Cash Flow $14.40M $41.90M
YoY Change -65.63% 149.4%

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