2015 Q2 Form 10-Q Financial Statement

#000162828015005480 Filed on July 28, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $348.2M $372.2M
YoY Change -6.45% -7.8%
Cost Of Revenue $296.0M $300.6M
YoY Change -1.53% 0.57%
Gross Profit $25.20M $53.10M
YoY Change -52.54% 2.71%
Gross Profit Margin 7.24% 14.27%
Selling, General & Admin $19.40M $21.90M
YoY Change -11.42% 0.46%
% of Gross Profit 76.98% 41.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.40M $28.60M
YoY Change -7.69% 22.22%
% of Gross Profit 104.76% 53.86%
Operating Expenses $19.40M $21.90M
YoY Change -11.42% 0.46%
Operating Profit $6.400M -$71.40M
YoY Change -108.96% -373.56%
Interest Expense $13.00M $27.10M
YoY Change -52.03% 123.97%
% of Operating Profit 203.13%
Other Income/Expense, Net
YoY Change
Pretax Income -$6.600M -$98.50M
YoY Change -93.3% -803.57%
Income Tax -$800.0K -$50.80M
% Of Pretax Income
Net Earnings -$13.50M -$49.20M
YoY Change -72.56% -963.16%
Net Earnings / Revenue -3.88% -13.22%
Basic Earnings Per Share -$0.21 -$0.71
Diluted Earnings Per Share -$0.21 -$0.71
COMMON SHARES
Basic Shares Outstanding 65.20M shares 69.50M shares
Diluted Shares Outstanding 65.20M shares 69.50M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $201.7M $204.4M
YoY Change -1.32% -41.28%
Cash & Equivalents $201.7M $204.4M
Short-Term Investments
Other Short-Term Assets $6.900M $5.700M
YoY Change 21.05% 119.23%
Inventory $107.6M $140.4M
Prepaid Expenses
Receivables $56.70M $70.30M
Other Receivables $6.900M $0.00
Total Short-Term Assets $398.3M $433.4M
YoY Change -8.1% -21.34%
LONG-TERM ASSETS
Property, Plant & Equipment $1.453B $1.499B
YoY Change -3.09% 6.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $20.30M $58.50M
YoY Change -65.3% -9.72%
Other Assets $16.40M $47.40M
YoY Change -65.4% 14.49%
Total Long-Term Assets $1.857B $1.553B
YoY Change 19.61% -4.3%
TOTAL ASSETS
Total Short-Term Assets $398.3M $433.4M
Total Long-Term Assets $1.857B $1.553B
Total Assets $2.256B $1.986B
YoY Change 13.56% -8.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $95.90M $121.8M
YoY Change -21.26% -12.56%
Accrued Expenses $43.30M $52.30M
YoY Change -17.21% -30.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $13.00M
YoY Change -100.0%
Long-Term Debt Due $20.10M $13.00M
YoY Change 54.62% 2500.0%
Total Short-Term Liabilities $161.0M $205.3M
YoY Change -21.58% -11.96%
LONG-TERM LIABILITIES
Long-Term Debt $699.1M $652.5M
YoY Change 7.14% 0.62%
Other Long-Term Liabilities $14.60M $16.30M
YoY Change -10.43% -8.43%
Total Long-Term Liabilities $713.7M $668.8M
YoY Change 6.71% 0.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $161.0M $205.3M
Total Long-Term Liabilities $713.7M $668.8M
Total Liabilities $1.290B $1.265B
YoY Change 2.0% -6.71%
SHAREHOLDERS EQUITY
Retained Earnings -$12.40M $86.80M
YoY Change -114.29% -31.44%
Common Stock $700.0K $700.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $125.0M $30.00M
YoY Change 316.67% 154.24%
Treasury Stock Shares 6.161M shares 1.755M shares
Shareholders Equity $387.2M $582.4M
YoY Change
Total Liabilities & Shareholders Equity $1.950B $2.117B
YoY Change -7.89% -2.59%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$13.50M -$49.20M
YoY Change -72.56% -963.16%
Depreciation, Depletion And Amortization $26.40M $28.60M
YoY Change -7.69% 22.22%
Cash From Operating Activities $65.50M $36.60M
YoY Change 78.96% -51.97%
INVESTING ACTIVITIES
Capital Expenditures -$14.20M -$40.30M
YoY Change -64.76% 30.42%
Acquisitions
YoY Change
Other Investing Activities $600.0K
YoY Change
Cash From Investing Activities -$14.20M -$39.70M
YoY Change -64.23% 28.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.00M 29.30M
YoY Change -151.19% -781.4%
NET CHANGE
Cash From Operating Activities 65.50M 36.60M
Cash From Investing Activities -14.20M -39.70M
Cash From Financing Activities -15.00M 29.30M
Net Change In Cash 36.30M 26.20M
YoY Change 38.55% -36.1%
FREE CASH FLOW
Cash From Operating Activities $65.50M $36.60M
Capital Expenditures -$14.20M -$40.30M
Free Cash Flow $79.70M $76.90M
YoY Change 3.64% -28.2%

Facts In Submission

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