2016 Q4 Form 10-Q Financial Statement

#000161154716000084 Filed on November 02, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $83.48M $79.97M $79.83M
YoY Change 3.54% 0.19% 4.46%
Cost Of Revenue $27.90M $25.10M $25.20M
YoY Change 3.72% -0.4% -1.18%
Gross Profit $55.50M $54.80M $54.60M
YoY Change 3.16% 0.37% 7.27%
Gross Profit Margin 66.48% 68.52% 68.4%
Selling, General & Admin $6.800M $6.800M $6.800M
YoY Change -1.45% 0.0% 47.83%
% of Gross Profit 12.25% 12.41% 12.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.50M $14.70M $12.70M
YoY Change -13.17% 15.75% -3.05%
% of Gross Profit 26.13% 26.82% 23.26%
Operating Expenses $21.10M $46.56M $45.81M
YoY Change -6.22% 1.63% -4.46%
Operating Profit $33.43M $33.41M $34.01M
YoY Change 13.02% -1.76% 19.48%
Interest Expense -$12.70M -$12.60M -$13.60M
YoY Change -5.93% -7.35% -4.9%
% of Operating Profit -37.99% -37.71% -39.99%
Other Income/Expense, Net
YoY Change
Pretax Income $20.70M $20.82M $20.44M
YoY Change 28.57% 1.88% 44.23%
Income Tax $500.0K $319.0K $394.0K
% Of Pretax Income 2.42% 1.53% 1.93%
Net Earnings $19.04M $19.27M $18.86M
YoY Change 25.08% 2.15% 38.26%
Net Earnings / Revenue 22.81% 24.09% 23.63%
Basic Earnings Per Share $0.19 $0.19 $0.19
Diluted Earnings Per Share $0.19 $0.19 $0.19
COMMON SHARES
Basic Shares Outstanding 99.74M shares 99.30M shares 99.25M shares
Diluted Shares Outstanding 99.87M shares 99.29M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $131.7M $149.7M $197.3M
YoY Change -22.07% -24.13% 48.57%
Cash & Equivalents $131.7M $149.7M $197.3M
Short-Term Investments
Other Short-Term Assets $15.30M $10.80M $9.600M
YoY Change 39.09% 12.5% -39.24%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $234.7M $248.4M $295.8M
YoY Change -12.69% -16.02% 24.7%
LONG-TERM ASSETS
Property, Plant & Equipment $1.597B $1.584B $1.548B
YoY Change 1.39% 2.31% -0.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $29.70M $28.70M $39.20M
YoY Change -1.98% -26.79% -1.26%
Total Long-Term Assets $1.669B $1.658B $1.632B
YoY Change 1.17% 1.61% -0.27%
TOTAL ASSETS
Total Short-Term Assets $234.7M $248.4M $295.8M
Total Long-Term Assets $1.669B $1.658B $1.632B
Total Assets $1.904B $1.907B $1.928B
YoY Change -0.77% -1.1% 2.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $48.80M $47.60M $38.00M
YoY Change 7.73% 25.26% 17.65%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $48.80M $47.60M $38.00M
YoY Change 7.73% 25.26% 17.65%
LONG-TERM LIABILITIES
Long-Term Debt $1.198B $1.202B $1.246B
YoY Change -2.96% -3.59% -3.55%
Other Long-Term Liabilities $157.9M $160.1M $164.6M
YoY Change -6.12% -2.73% -4.58%
Total Long-Term Liabilities $1.355B $1.362B $1.411B
YoY Change -3.34% -3.49% -3.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.80M $47.60M $38.00M
Total Long-Term Liabilities $1.355B $1.362B $1.411B
Total Liabilities $1.408B $1.413B $1.449B
YoY Change -2.73% -2.49% -3.23%
SHAREHOLDERS EQUITY
Retained Earnings -$29.07M -$26.20M -$33.85M
YoY Change -24.39% -22.6%
Common Stock $997.0K $996.0K $993.0K
YoY Change 0.4% 0.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $460.3M $458.2M $0.00
YoY Change
Total Liabilities & Shareholders Equity $1.904B $1.907B $1.928B
YoY Change -0.77% -1.1% 2.89%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $19.04M $19.27M $18.86M
YoY Change 25.08% 2.15% 38.26%
Depreciation, Depletion And Amortization $14.50M $14.70M $12.70M
YoY Change -13.17% 15.75% -3.05%
Cash From Operating Activities $38.00M $32.50M $37.40M
YoY Change -0.52% -13.1% 32.62%
INVESTING ACTIVITIES
Capital Expenditures -$31.50M -$20.20M -$9.400M
YoY Change -18.39% 114.89% -46.29%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $900.0K
YoY Change -100.0% -100.0% -550.0%
Cash From Investing Activities -$31.50M -$20.10M -$8.400M
YoY Change -18.81% 139.29% -52.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.80M -20.60M -25.00M
YoY Change -17.07% -17.6% -121.5%
NET CHANGE
Cash From Operating Activities 38.00M 32.50M 37.40M
Cash From Investing Activities -31.50M -20.10M -8.400M
Cash From Financing Activities -23.80M -20.60M -25.00M
Net Change In Cash -17.30M -8.200M 4.000M
YoY Change -40.96% -305.0% -96.85%
FREE CASH FLOW
Cash From Operating Activities $38.00M $32.50M $37.40M
Capital Expenditures -$31.50M -$20.20M -$9.400M
Free Cash Flow $69.50M $52.70M $46.80M
YoY Change -9.51% 12.61% 2.41%

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us-gaap Provision For Doubtful Accounts
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us-gaap Tenant Reimbursements
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us-gaap Tenant Reimbursements
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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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-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"></font><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 amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. </font></div></div>

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