2017 Q2 Form 10-Q Financial Statement

#000162828017007326 Filed on July 27, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $323.2M $292.7M
YoY Change 10.42% -15.94%
Cost Of Revenue $257.2M $224.4M
YoY Change 14.62% -24.19%
Gross Profit $32.90M $39.70M
YoY Change -17.13% 57.54%
Gross Profit Margin 10.18% 13.56%
Selling, General & Admin $24.00M $23.70M
YoY Change 1.27% 22.16%
% of Gross Profit 72.95% 59.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.30M $28.60M
YoY Change 16.43% 8.33%
% of Gross Profit 101.22% 72.04%
Operating Expenses $24.00M $23.70M
YoY Change 1.27% 22.16%
Operating Profit $8.900M $10.90M
YoY Change -18.35% 70.31%
Interest Expense $15.20M $13.40M
YoY Change 13.43% 3.08%
% of Operating Profit 170.79% 122.94%
Other Income/Expense, Net
YoY Change
Pretax Income -$26.80M $1.000M
YoY Change -2780.0% -115.15%
Income Tax $4.700M $0.00
% Of Pretax Income 0.0%
Net Earnings -$24.20M -$4.600M
YoY Change 426.09% -65.93%
Net Earnings / Revenue -7.49% -1.57%
Basic Earnings Per Share -$0.38 -$0.07
Diluted Earnings Per Share -$0.38 -$0.07
COMMON SHARES
Basic Shares Outstanding 64.30M shares 64.20M shares
Diluted Shares Outstanding 64.30M shares 64.20M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $136.7M $108.0M
YoY Change 26.57% -46.46%
Cash & Equivalents $136.7M $108.0M
Short-Term Investments
Other Short-Term Assets $6.100M $7.200M
YoY Change -15.28% 4.35%
Inventory $116.4M $106.4M
Prepaid Expenses
Receivables $65.30M $48.20M
Other Receivables $16.50M $9.700M
Total Short-Term Assets $341.0M $279.5M
YoY Change 22.0% -29.83%
LONG-TERM ASSETS
Property, Plant & Equipment $1.511B $1.558B
YoY Change -3.04% 7.25%
Goodwill $76.90M $70.50M
YoY Change 9.08%
Intangibles $173.5M $184.6M
YoY Change -6.01%
Long-Term Investments $41.00M
YoY Change 101.97%
Other Assets $4.500M $5.800M
YoY Change -22.41% -64.63%
Total Long-Term Assets $1.766B $1.863B
YoY Change -5.19% 0.29%
TOTAL ASSETS
Total Short-Term Assets $341.0M $279.5M
Total Long-Term Assets $1.766B $1.863B
Total Assets $2.107B $2.142B
YoY Change -1.64% -5.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $126.4M $91.70M
YoY Change 37.84% -4.38%
Accrued Expenses $43.60M $50.30M
YoY Change -13.32% 16.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.700M $1.100M
YoY Change 236.36% -94.53%
Total Short-Term Liabilities $192.3M $180.2M
YoY Change 6.71% 11.93%
LONG-TERM LIABILITIES
Long-Term Debt $870.3M $887.3M
YoY Change -1.92% 26.92%
Other Long-Term Liabilities $20.40M $16.90M
YoY Change 20.71% 15.75%
Total Long-Term Liabilities $890.7M $904.2M
YoY Change -1.49% 26.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $192.3M $180.2M
Total Long-Term Liabilities $890.7M $904.2M
Total Liabilities $1.599B $1.526B
YoY Change 4.79% 18.28%
SHAREHOLDERS EQUITY
Retained Earnings -$45.50M -$45.10M
YoY Change 0.89% 263.71%
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% 12.56%
Treasury Stock Shares 7.478M shares 7.478M shares
Shareholders Equity $284.5M $285.2M
YoY Change
Total Liabilities & Shareholders Equity $2.107B $2.142B
YoY Change -1.64% 9.83%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income -$24.20M -$4.600M
YoY Change 426.09% -65.93%
Depreciation, Depletion And Amortization $33.30M $28.60M
YoY Change 16.43% 8.33%
Cash From Operating Activities $24.90M $92.10M
YoY Change -72.96% 40.61%
INVESTING ACTIVITIES
Capital Expenditures $9.700M $16.40M
YoY Change -40.85% -215.49%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$2.600M
YoY Change -100.0%
Cash From Investing Activities -$9.700M -$19.00M
YoY Change -48.95% 33.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -35.70M -66.90M
YoY Change -46.64% 346.0%
NET CHANGE
Cash From Operating Activities 24.90M 92.10M
Cash From Investing Activities -9.700M -19.00M
Cash From Financing Activities -35.70M -66.90M
Net Change In Cash -20.50M 6.200M
YoY Change -430.65% -82.92%
FREE CASH FLOW
Cash From Operating Activities $24.90M $92.10M
Capital Expenditures $9.700M $16.40M
Free Cash Flow $15.20M $75.70M
YoY Change -79.92% -5.02%

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