2013 Q2 Form 10-Q Financial Statement

#000110465913063944 Filed on August 14, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $33.31M $28.87M
YoY Change 15.38% 24.44%
Cost Of Revenue $10.10M $9.100M
YoY Change 10.99% -3.19%
Gross Profit $23.18M $19.75M
YoY Change 17.37% 43.1%
Gross Profit Margin 69.59% 68.4%
Selling, General & Admin $5.548M $4.724M
YoY Change 17.43% 62.91%
% of Gross Profit 23.94% 23.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.40M $9.477M
YoY Change 20.29% 19.96%
% of Gross Profit 49.18% 47.99%
Operating Expenses $27.98M $24.12M
YoY Change 16.0% 123.35%
Operating Profit $5.328M $4.748M
YoY Change 12.21% 58.28%
Interest Expense $2.871M $3.715M
YoY Change -22.73% -212.57%
% of Operating Profit 53.88% 78.24%
Other Income/Expense, Net -$2.869M -$3.704M
YoY Change -22.54%
Pretax Income $2.459M $1.044M
YoY Change 135.42% -622.25%
Income Tax $58.00K $47.97K
% Of Pretax Income 2.36% 4.59%
Net Earnings $2.400M $1.000M
YoY Change 140.0% -433.33%
Net Earnings / Revenue 7.21% 3.46%
Basic Earnings Per Share
Diluted Earnings Per Share $81.91K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00
YoY Change
Cash & Equivalents $7.000K $6.500K
Short-Term Investments
Other Short-Term Assets $1.400M $1.100M
YoY Change 27.27% -21.43%
Inventory $5.880M $3.400M
Prepaid Expenses $1.430M
Receivables $10.83M $9.400M
Other Receivables $46.39K $0.00
Total Short-Term Assets $18.19M $14.00M
YoY Change 29.95% -3.45%
LONG-TERM ASSETS
Property, Plant & Equipment $641.6M $564.1M
YoY Change 13.74% 54.04%
Goodwill $157.1M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.380M $9.200M
YoY Change -52.4% 41.54%
Total Long-Term Assets $883.1M $813.4M
YoY Change 8.57% 32.07%
TOTAL ASSETS
Total Short-Term Assets $18.19M $14.00M
Total Long-Term Assets $883.1M $813.4M
Total Assets $901.3M $827.4M
YoY Change 8.93% 31.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.552M $17.30M
YoY Change -73.69% 116.25%
Accrued Expenses $7.022M $5.600M
YoY Change 25.39% -9.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $22.70M $33.50M
YoY Change -32.25% 33.47%
LONG-TERM LIABILITIES
Long-Term Debt $353.0M $452.7M
YoY Change -22.03% 70.64%
Other Long-Term Liabilities $100.0K
YoY Change
Total Long-Term Liabilities $353.0M $452.7M
YoY Change -22.03% 70.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.70M $33.50M
Total Long-Term Liabilities $353.0M $452.7M
Total Liabilities $375.6M $486.1M
YoY Change -22.72% 66.93%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $525.6M $341.3M
YoY Change
Total Liabilities & Shareholders Equity $901.3M $827.4M
YoY Change 8.93% 31.25%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $2.400M $1.000M
YoY Change 140.0% -433.33%
Depreciation, Depletion And Amortization $11.40M $9.477M
YoY Change 20.29% 19.96%
Cash From Operating Activities $16.10M $13.50M
YoY Change 19.26% 21.62%
INVESTING ACTIVITIES
Capital Expenditures -$29.50M -$63.20M
YoY Change -53.32% 139.39%
Acquisitions
YoY Change
Other Investing Activities $100.0K $1.300M
YoY Change -92.31% 1200.0%
Cash From Investing Activities -$29.50M -$62.00M
YoY Change -52.42% 134.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.30M 48.50M
YoY Change -72.58% 281.89%
NET CHANGE
Cash From Operating Activities 16.10M 13.50M
Cash From Investing Activities -29.50M -62.00M
Cash From Financing Activities 13.30M 48.50M
Net Change In Cash -100.0K 0.000
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities $16.10M $13.50M
Capital Expenditures -$29.50M -$63.20M
Free Cash Flow $45.60M $76.70M
YoY Change -40.55% 104.53%

Facts In Submission

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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
27309307 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
87294779 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
3500 USD
us-gaap Interest Paid Net
InterestPaidNet
5480472 USD
us-gaap Interest Paid Net
InterestPaidNet
7779929 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
154785 USD
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6500 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3000 USD
CY2013Q1 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
535094 USD
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
10419530 USD
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
4387141 USD
CY2012Q2 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
9965 USD
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
22392 USD
CY2012Q2 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
986557 USD
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
2216828 USD
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
87743 USD
us-gaap Partners Capital Account Public Sale Of Units Net Of Offering Costs
PartnersCapitalAccountPublicSaleOfUnitsNetOfOfferingCosts
180555381 USD
us-gaap Partners Capital Account Sale Of Units
PartnersCapitalAccountSaleOfUnits
6302499 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
557898 USD
CY2013Q1 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
5351 USD
CY2013Q1 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
529743 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
196091 USD
us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
129010 USD
CY2013Q2 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
86731 USD
CY2013Q2 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
48029 USD
us-gaap Distribution Made To Member Or Limited Partner Cash Distributions Paid
DistributionMadeToMemberOrLimitedPartnerCashDistributionsPaid
4030300 USD
us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
129010 USD
CY2013Q2 us-gaap Distribution Made To Member Or Limited Partner Distributions Paid Per Unit
DistributionMadeToMemberOrLimitedPartnerDistributionsPaidPerUnit
0.348
us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
567450 USD
us-gaap Distribution Made To Member Or Limited Partner Distributions Paid Per Unit
DistributionMadeToMemberOrLimitedPartnerDistributionsPaidPerUnit
0.348

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