2014 Q4 Form 10-Q Financial Statement

#000119312514402048 Filed on November 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $15.92M $15.26M $13.45M
YoY Change 18.39% 13.46% -1.19%
Cost Of Revenue $4.350M $4.460M $3.640M
YoY Change 29.46% 22.53% 1.68%
Gross Profit $11.57M $10.80M $9.810M
YoY Change 14.78% 10.09% -2.19%
Gross Profit Margin 72.66% 70.78% 72.95%
Selling, General & Admin $660.0K $650.0K $600.0K
YoY Change 8.2% 8.33% 11.11%
% of Gross Profit 5.7% 6.02% 6.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.060M $5.270M $4.600M
YoY Change 30.04% 14.57% -12.55%
% of Gross Profit 52.38% 48.8% 46.89%
Operating Expenses $6.690M $5.910M $5.180M
YoY Change 27.19% 14.09% -10.69%
Operating Profit $4.880M $4.698M $4.593M
YoY Change 1.24% 2.29% 8.97%
Interest Expense -$1.570M $2.149M $1.805M
YoY Change 20.77% 19.06% -3.68%
% of Operating Profit -32.17% 45.74% 39.3%
Other Income/Expense, Net
YoY Change
Pretax Income $16.23M $28.14M $3.300M
YoY Change 363.71% 752.73% 10.37%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $16.23M $28.14M $3.303M
YoY Change 363.92% 751.98% 10.62%
Net Earnings / Revenue 101.92% 184.43% 24.56%
Basic Earnings Per Share $1.24 $2.18 $0.26
Diluted Earnings Per Share $1.24 $2.18 $0.26
COMMON SHARES
Basic Shares Outstanding 12.93M shares 12.91M 12.68M shares
Diluted Shares Outstanding 12.92M 12.69M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.900M $3.700M $2.900M
YoY Change 18.18% 27.59% -9.38%
Cash & Equivalents $3.861M $3.739M $2.936M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $10.20M $10.10M $8.100M
YoY Change 17.24% 24.69% -1.22%
LONG-TERM ASSETS
Property, Plant & Equipment $380.1M $387.1M $299.9M
YoY Change 27.68% 29.08% -3.01%
Goodwill
YoY Change
Intangibles $23.12M $25.12M $22.18M
YoY Change 11.26% 13.25%
Long-Term Investments $8.605M $8.531M $39.21M
YoY Change -78.05% -78.24% 0.79%
Other Assets $6.900M $6.000M $6.000M
YoY Change 2.99% 0.0% -1.64%
Total Long-Term Assets $418.7M $426.8M $367.2M
YoY Change 14.88% 16.22% -3.31%
TOTAL ASSETS
Total Short-Term Assets $10.20M $10.10M $8.100M
Total Long-Term Assets $418.7M $426.8M $367.2M
Total Assets $428.9M $436.9M $375.3M
YoY Change 14.93% 16.4% -3.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $9.100M $10.10M $5.200M
YoY Change 62.5% 94.23% -5.45%
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 $9.100M $10.10M $5.200M
YoY Change 62.5% 94.23% -5.45%
LONG-TERM LIABILITIES
Long-Term Debt $213.2M $244.8M $204.2M
YoY Change 6.6% 19.88% 2.51%
Other Long-Term Liabilities $2.100M $2.600M $1.900M
YoY Change 10.53% 36.84% -13.64%
Total Long-Term Liabilities $215.3M $247.4M $206.1M
YoY Change 6.64% 20.04% 2.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.100M $10.10M $5.200M
Total Long-Term Liabilities $215.3M $247.4M $206.1M
Total Liabilities $224.3M $257.4M $211.3M
YoY Change 8.08% 21.84% 2.07%
SHAREHOLDERS EQUITY
Retained Earnings $531.6M $515.4M $476.5M
YoY Change 10.74% 8.15%
Common Stock $241.0M $129.0K $127.0K
YoY Change 188156.25% 1.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $204.6M $179.4M $164.0M
YoY Change
Total Liabilities & Shareholders Equity $428.9M $436.9M $375.3M
YoY Change 14.93% 16.4% -3.27%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $16.23M $28.14M $3.303M
YoY Change 363.92% 751.98% 10.62%
Depreciation, Depletion And Amortization $6.060M $5.270M $4.600M
YoY Change 30.04% 14.57% -12.55%
Cash From Operating Activities $8.910M $8.340M $7.350M
YoY Change 7.48% 13.47% -6.01%
INVESTING ACTIVITIES
Capital Expenditures -$840.0K -$9.030M -$4.980M
YoY Change -22.94% 81.33% 81.75%
Acquisitions $3.300M
YoY Change
Other Investing Activities $17.46M -$1.130M -$590.0K
YoY Change -6335.71% 91.53% -138.56%
Cash From Investing Activities $16.62M -$10.17M -$5.570M
YoY Change -1313.14% 82.59% 364.17%
FINANCING ACTIVITIES
Cash Dividend Paid $8.100M $7.900M
YoY Change 2.53%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.83M 130.0K -1.800M
YoY Change 258.35% -107.22% -73.05%
NET CHANGE
Cash From Operating Activities 8.910M 8.340M 7.350M
Cash From Investing Activities 16.62M -10.17M -5.570M
Cash From Financing Activities -23.83M 130.0K -1.800M
Net Change In Cash 1.700M -1.700M -20.00K
YoY Change 529.63% 8400.0% -66.67%
FREE CASH FLOW
Cash From Operating Activities $8.910M $8.340M $7.350M
Capital Expenditures -$840.0K -$9.030M -$4.980M
Free Cash Flow $9.750M $17.37M $12.33M
YoY Change 3.94% 40.88% 16.76%

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DecreaseInCashAndCashEquivalentsDueToRecordingOfLimitedLiabilityCompaniesOnUnconsolidatedBasis
0
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41000
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