2015 Q1 Form 10-Q Financial Statement

#000010119915000187 Filed on May 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $238.5M $222.9M
YoY Change 6.99% 8.57%
Cost Of Revenue $126.4M $125.2M
YoY Change 0.94% 28.49%
Gross Profit $112.1M $97.67M
YoY Change 14.75% -9.43%
Gross Profit Margin 46.99% 43.82%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.618M $2.295M
YoY Change -29.5% 28.57%
% of Gross Profit 1.44% 2.35%
Operating Expenses $206.7M $207.0M
YoY Change -0.14% 17.95%
Operating Profit -$94.63M -$109.3M
YoY Change -13.45% 61.58%
Interest Expense $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $31.83M $15.90M
YoY Change 100.23% -46.74%
Income Tax $8.152M $2.566M
% Of Pretax Income 25.61% 16.14%
Net Earnings $23.68M $13.33M
YoY Change 77.62% -40.47%
Net Earnings / Revenue 9.93% 5.98%
Basic Earnings Per Share $0.95 $0.53
Diluted Earnings Per Share $0.94 $0.52
COMMON SHARES
Basic Shares Outstanding 24.99M shares 25.37M shares
Diluted Shares Outstanding 25.10M shares 25.59M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $111.3M $68.66M
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 $49.71M $47.97M
YoY Change 3.61% 13.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.140B $3.116B
YoY Change 0.77% 1.71%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $3.864B $3.769B
YoY Change 2.52% 1.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $189.8M $124.1M
YoY Change 52.94% -21.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $198.6M $126.0M
YoY Change 57.62% -20.15%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $198.6M $126.0M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $3.020B $2.961B
YoY Change 1.99% -0.18%
SHAREHOLDERS EQUITY
Retained Earnings $542.2M $492.8M
YoY Change 10.02% 10.99%
Common Stock $202.3M $212.9M
YoY Change -4.98% 1.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $844.2M $808.1M
YoY Change
Total Liabilities & Shareholders Equity $3.864B $3.769B
YoY Change 2.52% 1.2%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $23.68M $13.33M
YoY Change 77.62% -40.47%
Depreciation, Depletion And Amortization $1.618M $2.295M
YoY Change -29.5% 28.57%
Cash From Operating Activities $13.85M $18.49M
YoY Change -25.08% -41.75%
INVESTING ACTIVITIES
Capital Expenditures -$1.900M -$2.900M
YoY Change -34.48% 625.0%
Acquisitions
YoY Change
Other Investing Activities $45.80M -$28.90M
YoY Change -258.48% 125.78%
Cash From Investing Activities $43.96M -$31.75M
YoY Change -238.48% 141.4%
FINANCING ACTIVITIES
Cash Dividend Paid $4.997M $4.567M
YoY Change 9.42% 20.63%
Common Stock Issuance & Retirement, Net $730.0K -$823.0K
YoY Change -188.7% -236.48%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$37.07M -$10.28M
YoY Change 260.77% -57.38%
NET CHANGE
Cash From Operating Activities $13.85M $18.49M
Cash From Investing Activities $43.96M -$31.75M
Cash From Financing Activities -$37.07M -$10.28M
Net Change In Cash $20.75M -$23.53M
YoY Change -188.17% 326.42%
FREE CASH FLOW
Cash From Operating Activities $13.85M $18.49M
Capital Expenditures -$1.900M -$2.900M
Free Cash Flow $15.75M $21.39M
YoY Change -26.36% -33.45%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:13px;text-align:left;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 and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The financial statement categories that are most dependent on management estimates and assumptions include: investments; deferred policy acquisition costs; reinsurance receivables and recoverables (for net realizable value); future policy benefits and losses, claims and loss settlement expenses; and pension and postretirement benefit obligations. </font></div></div>

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