2017 Q2 Form 10-K Financial Statement

#000143774917015711 Filed on September 07, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2017 Q1 2017
Revenue $156.6M $144.0M $563.0M
YoY Change 16.19% 9.97% 12.82%
Cost Of Revenue $54.21M $47.36M $188.5M
YoY Change 20.27% 15.55% 16.07%
Gross Profit $102.4M $96.68M $374.5M
YoY Change 14.14% 7.44% 11.25%
Gross Profit Margin 65.38% 67.12% 66.53%
Selling, General & Admin $42.40M $49.41M $200.4M
YoY Change 12.77% 40.3% 42.28%
% of Gross Profit 41.42% 51.1% 53.52%
Research & Development $13.70M $13.77M $53.51M
YoY Change 18.1% 22.46% 18.43%
% of Gross Profit 13.38% 14.24% 14.29%
Depreciation & Amortization $14.70M $16.00M $60.04M
YoY Change 37.38% 48.15% 40.39%
% of Gross Profit 14.36% 16.55% 16.03%
Operating Expenses $56.10M $63.18M $254.0M
YoY Change 14.02% 35.98% 36.49%
Operating Profit $46.27M $33.50M $120.6M
YoY Change 14.27% -23.03% -19.93%
Interest Expense -$2.100M $2.108M $7.361M
YoY Change 425.0% 370.54% 321.11%
% of Operating Profit -4.54% 6.29% 6.1%
Other Income/Expense, Net -$400.0K -$2.361M -$8.623M
YoY Change -78.95% 127.68% 177.09%
Pretax Income $44.30M $31.14M $112.0M
YoY Change 17.2% -26.71% -24.08%
Income Tax $12.20M $8.974M $35.88M
% Of Pretax Income 27.54% 28.82% 32.04%
Net Earnings $27.61M $22.17M $76.09M
YoY Change 7.74% -26.82% -27.17%
Net Earnings / Revenue 17.63% 15.39% 13.51%
Basic Earnings Per Share $0.74 $0.59 $2.04
Diluted Earnings Per Share $0.74 $0.59 $2.03
COMMON SHARES
Basic Shares Outstanding 37.34M 37.32M 37.31M
Diluted Shares Outstanding 37.55M 37.49M 37.50M

Balance Sheet

Concept 2017 Q2 2017 Q1 2017
SHORT-TERM ASSETS
Cash & Short-Term Investments $157.7M $113.6M $157.7M
YoY Change 64.61% 34.28% 64.61%
Cash & Equivalents $91.61M $59.84M $91.60M
Short-Term Investments $66.10M $53.80M $66.10M
Other Short-Term Assets $13.33M $10.30M $13.30M
YoY Change 76.3% 49.28% 75.0%
Inventory $85.65M $63.77M $60.20M
Prepaid Expenses $13.33M $10.32M
Receivables $116.8M $118.3M $116.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $348.0M $306.0M $348.0M
YoY Change 37.08% 29.27% 37.06%
LONG-TERM ASSETS
Property, Plant & Equipment $135.1M $132.1M $135.1M
YoY Change 2.09% -1.14% 2.04%
Goodwill $579.0M $569.7M
YoY Change 34.38% 31.05%
Intangibles $452.0M $482.7M
YoY Change 45.57%
Long-Term Investments
YoY Change
Other Assets $44.00M $42.81M $44.00M
YoY Change 2189.39% 2804.48% 2215.79%
Total Long-Term Assets $1.210B $1.227B $1.210B
YoY Change 38.2% 38.66% 38.2%
TOTAL ASSETS
Total Short-Term Assets $348.0M $306.0M $348.0M
Total Long-Term Assets $1.210B $1.227B $1.210B
Total Assets $1.558B $1.533B $1.558B
YoY Change 37.95% 36.68% 37.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.86M $12.03M $16.90M
YoY Change -18.38% -10.96% -18.36%
Accrued Expenses $18.52M $23.43M $45.10M
YoY Change 121.22% 233.71% 94.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $14.60M $0.00
YoY Change -100.0% 284.21% -100.0%
Total Short-Term Liabilities $135.5M $142.2M $135.5M
YoY Change 150.29% 205.05% 150.46%
LONG-TERM LIABILITIES
Long-Term Debt $343.8M $343.6M $343.8M
YoY Change 275.74% 117.74% 275.74%
Other Long-Term Liabilities $5.403M $4.397M $8.700M
YoY Change 62.89% 38.97% -79.19%
Total Long-Term Liabilities $5.403M $4.397M $352.5M
YoY Change 62.89% 38.97% 164.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $135.5M $142.2M $135.5M
Total Long-Term Liabilities $5.403M $4.397M $352.5M
Total Liabilities $140.9M $146.6M $608.6M
YoY Change 145.24% 194.49% 143.15%
SHAREHOLDERS EQUITY
Retained Earnings $799.0M $778.8M
YoY Change 3.7% 2.89%
Common Stock $199.5M $194.4M
YoY Change 11.39% 12.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $949.6M $907.9M $949.6M
YoY Change
Total Liabilities & Shareholders Equity $1.558B $1.533B $1.558B
YoY Change 37.95% 36.68% 37.94%

Cashflow Statement

Concept 2017 Q2 2017 Q1 2017
OPERATING ACTIVITIES
Net Income $27.61M $22.17M $76.09M
YoY Change 7.74% -26.82% -27.17%
Depreciation, Depletion And Amortization $14.70M $16.00M $60.04M
YoY Change 37.38% 48.15% 40.39%
Cash From Operating Activities $50.80M $25.00M $143.7M
YoY Change 38.42% -32.61% -0.3%
INVESTING ACTIVITIES
Capital Expenditures -$5.900M -$4.000M $15.18M
YoY Change 90.32% 42.86% -10.17%
Acquisitions $253.8M
YoY Change 177.59%
Other Investing Activities $1.100M $4.100M
YoY Change -283.33% -136.94%
Cash From Investing Activities -$4.700M $0.00 -$306.0M
YoY Change 30.56% -100.0% 184.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.70M -24.50M 189.1M
YoY Change -48.46% 25.64% -909.21%
NET CHANGE
Cash From Operating Activities 50.80M 25.00M 143.7M
Cash From Investing Activities -4.700M 0.000 -306.0M
Cash From Financing Activities -16.70M -24.50M 189.1M
Net Change In Cash 29.40M 500.0K 26.88M
YoY Change 4100.0% -86.11% 103.37%
FREE CASH FLOW
Cash From Operating Activities $50.80M $25.00M $143.7M
Capital Expenditures -$5.900M -$4.000M $15.18M
Free Cash Flow $56.70M $29.00M $128.5M
YoY Change 42.46% -27.32% 1.01%

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-style: italic;">Use of estimates:</div> The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates include the valuation of accounts receivable, available-for-sale investments, inventory, intangible assets, contingent consideration, stock based compensation and income taxes. Actual results could differ from these estimates.</div></div></div></div></div></div></div></div></div></div></div></div>
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tech-20170630_lab.xml Edgar Link unprocessable
tech-20170630_pre.xml Edgar Link unprocessable
tech20170630_10k.htm Edgar Link pending