2015 Q1 Form 10-Q Financial Statement

#000162828015002888 Filed on April 23, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $140.9M $116.6M
YoY Change 20.84% 11.93%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $5.078M $3.924M
YoY Change 29.41% 25.69%
% of Gross Profit
Depreciation & Amortization $4.060M $3.012M
YoY Change 34.79% 145.88%
% of Gross Profit
Operating Expenses $5.078M $3.924M
YoY Change 29.41% 25.69%
Operating Profit
YoY Change
Interest Expense $10.90M $8.296M
YoY Change 31.38% 35.18%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $54.76M $44.35M
YoY Change 23.46% -14.08%
Income Tax $19.71M $16.09M
% Of Pretax Income 35.99% 36.27%
Net Earnings $35.05M $28.27M
YoY Change 24.0% -14.72%
Net Earnings / Revenue 24.87% 24.24%
Basic Earnings Per Share $0.71 $0.61
Diluted Earnings Per Share $0.70 $0.60
COMMON SHARES
Basic Shares Outstanding 45.76M shares 42.30M shares
Diluted Shares Outstanding 46.37M shares 43.22M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $834.5M $257.8M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $16.04M $11.77M
YoY Change 36.29% 4.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $17.33B $12.14B
YoY Change 42.67% 21.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.000M $2.000M
YoY Change 50.0% 100.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $125.0M $173.0M
YoY Change -27.75% -64.55%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.000M $2.000M
YoY Change 50.0% 100.0%
LONG-TERM LIABILITIES
Long-Term Debt $399.0M $399.0M
YoY Change 0.0% 78.13%
Other Long-Term Liabilities $158.0M $105.0M
YoY Change 50.48% 7.14%
Total Long-Term Liabilities $557.0M $504.0M
YoY Change 10.52% 56.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.000M $2.000M
Total Long-Term Liabilities $557.0M $504.0M
Total Liabilities $15.81B $10.91B
YoY Change 44.84% 21.16%
SHAREHOLDERS EQUITY
Retained Earnings $655.3M $521.9M
YoY Change 25.56% 25.61%
Common Stock $457.0K $430.0K
YoY Change 6.28% 5.39%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.000K -$8.000K
YoY Change -200.0% 0.0%
Treasury Stock Shares 417.0 shares 417.0 shares
Shareholders Equity $1.518B -$1.230B
YoY Change
Total Liabilities & Shareholders Equity $17.33B $12.14B
YoY Change 42.67% 21.18%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $35.05M $28.27M
YoY Change 24.0% -14.72%
Depreciation, Depletion And Amortization $4.060M $3.012M
YoY Change 34.79% 145.88%
Cash From Operating Activities $35.71M $38.52M
YoY Change -7.29% -48.1%
INVESTING ACTIVITIES
Capital Expenditures -$251.0K $1.161M
YoY Change -121.62% 63.75%
Acquisitions
YoY Change
Other Investing Activities -$1.911B -$334.4M
YoY Change 471.56% -170.44%
Cash From Investing Activities -$1.911B -$335.5M
YoY Change 469.66% -170.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $106.5M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.380B $400.9M
YoY Change 244.14% -171.19%
NET CHANGE
Cash From Operating Activities $35.71M $38.52M
Cash From Investing Activities -$1.911B -$335.5M
Cash From Financing Activities $1.380B $400.9M
Net Change In Cash -$496.0M $103.9M
YoY Change -577.41% 39.97%
FREE CASH FLOW
Cash From Operating Activities $35.71M $38.52M
Capital Expenditures -$251.0K $1.161M
Free Cash Flow $35.97M $37.36M
YoY Change -3.74% -49.18%

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1517958000 USD
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CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2015Q1 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The allowance for loan losses, the fair value of stock-based compensation awards, the fair values of financial instruments and the status of contingencies are particularly susceptible to significant change in the near term.</font></div></div>

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