2013 Q3 Form 10-Q Financial Statement

#000110465913068158 Filed on September 05, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $488.2M $410.1M
YoY Change 19.05% 31.92%
Cost Of Revenue $404.6M $339.7M
YoY Change 19.11% 33.22%
Gross Profit $83.54M $70.36M
YoY Change 18.73% 25.99%
Gross Profit Margin 17.11% 17.16%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.400M $5.300M
YoY Change 39.62% 51.43%
% of Gross Profit 8.86% 7.53%
Operating Expenses $70.15M $56.51M
YoY Change 24.14% 28.25%
Operating Profit $13.40M $13.86M
YoY Change -3.32% 17.52%
Interest Expense -$6.800M -$5.100M
YoY Change 33.33% 264.29%
% of Operating Profit -50.76% -36.8%
Other Income/Expense, Net
YoY Change
Pretax Income $6.556M $8.782M
YoY Change -25.35% -15.42%
Income Tax $2.589M $3.477M
% Of Pretax Income 39.49% 39.59%
Net Earnings $3.833M $5.209M
YoY Change -26.42% -17.2%
Net Earnings / Revenue 0.79% 1.27%
Basic Earnings Per Share $0.18 $0.25
Diluted Earnings Per Share $0.18 $0.25
COMMON SHARES
Basic Shares Outstanding 20.88M shares 20.78M shares
Diluted Shares Outstanding 21.03M shares 21.00M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $102.4M $126.5M
YoY Change -19.05% 23.78%
Cash & Equivalents $102.4M $126.5M
Short-Term Investments
Other Short-Term Assets $35.50M $8.100M
YoY Change 338.27% 50.0%
Inventory $1.106B $938.3M
Prepaid Expenses
Receivables $94.40M $66.20M
Other Receivables $5.800M $0.00
Total Short-Term Assets $1.344B $1.139B
YoY Change 17.98% 45.37%
LONG-TERM ASSETS
Property, Plant & Equipment $235.1M $182.5M
YoY Change 28.84% 85.28%
Goodwill $30.96M
YoY Change
Intangibles $14.02M
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.894M $11.00M
YoY Change -28.24% 100.0%
Total Long-Term Assets $292.9M $235.7M
YoY Change 24.25% 75.76%
TOTAL ASSETS
Total Short-Term Assets $1.344B $1.139B
Total Long-Term Assets $292.9M $235.7M
Total Assets $1.637B $1.375B
YoY Change 19.06% 49.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $39.72M $31.00M
YoY Change 28.14% 25.51%
Accrued Expenses $34.85M $23.30M
YoY Change 49.59% 58.5%
Deferred Revenue
YoY Change
Short-Term Debt $851.2M $707.5M
YoY Change 20.31% 42.96%
Long-Term Debt Due $16.50M $4.600M
YoY Change 258.7% 21.05%
Total Short-Term Liabilities $969.0M $779.9M
YoY Change 24.25% 37.09%
LONG-TERM LIABILITIES
Long-Term Debt $209.9M $185.2M
YoY Change 13.34% 480.56%
Other Long-Term Liabilities $6.608M $2.200M
YoY Change 200.36% -26.67%
Total Long-Term Liabilities $264.1M $187.4M
YoY Change 40.94% 436.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $969.0M $779.9M
Total Long-Term Liabilities $264.1M $187.4M
Total Liabilities $1.233B $1.009B
YoY Change 22.18% 64.52%
SHAREHOLDERS EQUITY
Retained Earnings $164.1M
YoY Change
Common Stock $237.8M $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $400.8M $365.5M
YoY Change
Total Liabilities & Shareholders Equity $1.637B $1.375B
YoY Change 19.06% 49.81%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $3.833M $5.209M
YoY Change -26.42% -17.2%
Depreciation, Depletion And Amortization $7.400M $5.300M
YoY Change 39.62% 51.43%
Cash From Operating Activities -$42.20M -$68.40M
YoY Change -38.3% -5.0%
INVESTING ACTIVITIES
Capital Expenditures -$7.200M -$6.200M
YoY Change 16.13% 0.0%
Acquisitions
YoY Change
Other Investing Activities $100.0K -$6.900M
YoY Change -101.45% -65.67%
Cash From Investing Activities -$7.100M -$13.20M
YoY Change -46.21% -49.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 37.40M 102.3M
YoY Change -63.44% -13.89%
NET CHANGE
Cash From Operating Activities -42.20M -68.40M
Cash From Investing Activities -7.100M -13.20M
Cash From Financing Activities 37.40M 102.3M
Net Change In Cash -11.90M 20.70M
YoY Change -157.49% 0.98%
FREE CASH FLOW
Cash From Operating Activities -$42.20M -$68.40M
Capital Expenditures -$7.200M -$6.200M
Free Cash Flow -$35.00M -$62.20M
YoY Change -43.73% -5.47%

Facts In Submission

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us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Prior Period Reclassification Adjustment Description
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><i><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Reclassifications</font></i></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> <p style="TEXT-INDENT: 25pt; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Certain reclassifications of amounts previously reported have been made to the accompanying consolidated statements of cash flows to maintain consistency and comparability between periods presented. These reclassifications had no impact on previously reported cash flows from operating, investing or financing activities.</font></p> </div>
CY2012Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Minority Interest Increase From Stock Issuance
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titn Stock Issued During Period Value Of Restricted Stock Award Stock Options Exercised Warrants Exercised And Tax Benefits Of Equity Awards
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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992000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
339000 USD

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