2019 Q3 Form 10-Q Financial Statement
#000119312519273042 Filed on October 24, 2019
Income Statement
| Concept | 2019 Q3 | 2018 Q3 |
|---|---|---|
| Revenue | $85.30M | $88.20M |
| YoY Change | -3.29% | 5.0% |
| Cost Of Revenue | $41.50M | $43.60M |
| YoY Change | -4.82% | 6.34% |
| Gross Profit | $43.80M | $44.60M |
| YoY Change | -1.79% | 3.72% |
| Gross Profit Margin | 51.35% | 50.57% |
| Selling, General & Admin | ||
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $12.80M | $12.40M |
| YoY Change | 3.23% | 14.81% |
| % of Gross Profit | 29.22% | 27.8% |
| Operating Expenses | $33.80M | $34.30M |
| YoY Change | -1.46% | 2.39% |
| Operating Profit | $10.00M | $10.30M |
| YoY Change | -2.91% | -0.96% |
| Interest Expense | -$5.800M | -$6.000M |
| YoY Change | -3.33% | 3.45% |
| % of Operating Profit | -58.0% | -58.25% |
| Other Income/Expense, Net | -$1.000M | -$1.100M |
| YoY Change | -9.09% | 22.22% |
| Pretax Income | $3.200M | $3.200M |
| YoY Change | 0.0% | -13.51% |
| Income Tax | $900.0K | $400.0K |
| % Of Pretax Income | 28.13% | 12.5% |
| Net Earnings | $2.300M | $2.800M |
| YoY Change | -17.86% | 21.74% |
| Net Earnings / Revenue | 2.7% | 3.17% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $154.4K | $189.2K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 14.87M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2019 Q3 | 2018 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $7.300M | $6.300M |
| YoY Change | 15.87% | -42.2% |
| Cash & Equivalents | $7.300M | $6.300M |
| Short-Term Investments | ||
| Other Short-Term Assets | $5.400M | $7.800M |
| YoY Change | -30.77% | 14.71% |
| Inventory | $8.500M | $8.100M |
| Prepaid Expenses | ||
| Receivables | $74.70M | $52.30M |
| Other Receivables | $11.50M | $10.10M |
| Total Short-Term Assets | $107.4M | $120.6M |
| YoY Change | -10.95% | -1.15% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.088B | $1.022B |
| YoY Change | 6.44% | 7.99% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $114.2M | $10.00M |
| YoY Change | 1042.0% | 8.7% |
| Total Long-Term Assets | $1.202B | $121.6M |
| YoY Change | 888.73% | 9.35% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $107.4M | $120.6M |
| Total Long-Term Assets | $1.202B | $121.6M |
| Total Assets | $1.310B | $1.265B |
| YoY Change | 3.57% | 7.17% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $22.90M | $27.40M |
| YoY Change | -16.42% | 13.69% |
| Accrued Expenses | $8.300M | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $49.20M | $69.10M |
| YoY Change | -28.8% | -38.25% |
| Long-Term Debt Due | $19.50M | $31.80M |
| YoY Change | -38.68% | 6.71% |
| Total Short-Term Liabilities | $144.4M | $180.5M |
| YoY Change | -20.0% | -16.55% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $411.2M | $361.1M |
| YoY Change | 13.87% | 18.94% |
| Other Long-Term Liabilities | $275.8M | $6.600M |
| YoY Change | 4078.79% | 4.76% |
| Total Long-Term Liabilities | $687.0M | $377.9M |
| YoY Change | 81.79% | 4.48% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $144.4M | $180.5M |
| Total Long-Term Liabilities | $687.0M | $377.9M |
| Total Liabilities | $939.7M | $558.4M |
| YoY Change | 68.28% | -3.39% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $66.50M | |
| YoY Change | 21.57% | |
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $370.0M | $345.0M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.310B | $1.265B |
| YoY Change | 3.57% | 7.17% |
Cashflow Statement
| Concept | 2019 Q3 | 2018 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $2.300M | $2.800M |
| YoY Change | -17.86% | 21.74% |
| Depreciation, Depletion And Amortization | $12.80M | $12.40M |
| YoY Change | 3.23% | 14.81% |
| Cash From Operating Activities | $20.10M | $6.700M |
| YoY Change | 200.0% | -41.74% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$38.00M | $39.10M |
| YoY Change | -197.19% | -0.51% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | ||
| Cash From Investing Activities | -$38.00M | -$39.10M |
| YoY Change | -2.81% | -0.51% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 20.40M | 30.20M |
| YoY Change | -32.45% | -2.27% |
| NET CHANGE | ||
| Cash From Operating Activities | 20.10M | 6.700M |
| Cash From Investing Activities | -38.00M | -39.10M |
| Cash From Financing Activities | 20.40M | 30.20M |
| Net Change In Cash | 2.500M | -2.200M |
| YoY Change | -213.64% | -170.97% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $20.10M | $6.700M |
| Capital Expenditures | -$38.00M | $39.10M |
| Free Cash Flow | $58.10M | -$32.40M |
| YoY Change | -279.32% | 16.55% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2019Q3 | us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2049-09-12 | |
| dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
| CY2019Q3 | us-gaap |
Regulatory Assets Current
RegulatoryAssetsCurrent
|
24900000 | |
| CY2018Q3 | us-gaap |
Regulatory Assets Current
RegulatoryAssetsCurrent
|
26400000 | |
| CY2018Q4 | us-gaap |
Regulatory Assets Current
RegulatoryAssetsCurrent
|
41300000 | |
| CY2019Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
19500000 | |
| CY2018Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
31800000 | |
| CY2018Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
18400000 |
