2019 Q2 Form 10-Q Financial Statement

#000089541919000018 Filed on May 03, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q4
Revenue $134.2M $141.3M $280.5M
YoY Change -67.22% -60.3% -23.75%
Cost Of Revenue $72.60M $77.30M $177.0M
YoY Change -59.26% -48.5% 15.76%
Gross Profit $61.60M $64.00M $103.5M
YoY Change -29.68% -14.78% 47.23%
Gross Profit Margin 45.9% 45.29% 36.9%
Selling, General & Admin $14.20M $50.60M $49.20M
YoY Change -65.87% 8.51% -27.73%
% of Gross Profit 23.05% 79.06% 47.54%
Research & Development $3.900M $40.70M $40.20M
YoY Change -87.85% 30.68% 1.07%
% of Gross Profit 6.33% 63.59% 38.84%
Depreciation & Amortization $27.30M $55.40M $31.40M
YoY Change -32.92% 43.52% -15.59%
% of Gross Profit 44.32% 86.56% 30.34%
Operating Expenses $22.00M $111.5M $93.30M
YoY Change -76.69% 38.73% -21.53%
Operating Profit $39.60M -$11.10M $10.20M
YoY Change -682.35% 100.36% -138.78%
Interest Expense -$6.100M $7.400M -$5.600M
YoY Change 32.61% -175.51% -121.29%
% of Operating Profit -15.4% -54.9%
Other Income/Expense, Net $500.0K -$8.400M $0.00
YoY Change -16.0% -100.0%
Pretax Income -$108.9M -$19.50M $4.400M
YoY Change 778.23% 25.48% 932.86%
Income Tax -$13.70M $2.800M $4.600M
% Of Pretax Income 104.55%
Net Earnings -$135.8M -$227.8M -$2.500M
YoY Change 307.81% -5.24% -118.25%
Net Earnings / Revenue -101.19% -161.22% -0.89%
Basic Earnings Per Share -$1.26 -$2.20
Diluted Earnings Per Share -$1.26 -$2.20 -$0.02
COMMON SHARES
Basic Shares Outstanding 105.2M shares 103.7M shares 102.6M shares
Diluted Shares Outstanding 103.7M shares

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.051B $789.3M $723.7M
YoY Change 171.64% 96.6% 11.35%
Cash & Equivalents $500.5M $456.2M $356.0M
Short-Term Investments $550.9M $333.1M $367.6M
Other Short-Term Assets $13.30M $25.92M $20.57M
YoY Change 3.1% 46.7% 5.76%
Inventory $111.8M $172.8M $313.3M
Prepaid Expenses $23.20M $19.20M $25.31M
Receivables $69.20M $150.4M $192.1M
Other Receivables $200.0K $500.0K $1.200M
Total Short-Term Assets $1.413B $1.499B $1.276B
YoY Change 58.67% 64.8% 13.12%
LONG-TERM ASSETS
Property, Plant & Equipment $560.6M $607.7M $675.9M
YoY Change -4.84% -5.26% 10.42%
Goodwill $349.7M $530.0M $620.3M
YoY Change -34.02% -14.19% 0.24%
Intangibles $174.1M $203.0M $374.2M
YoY Change -19.32% -49.35% 44.15%
Long-Term Investments $39.50M $44.10M $48.40M
YoY Change -31.3% -26.99% -33.24%
Other Assets $5.900M $5.559M $11.48M
YoY Change -48.7% -54.79% -8.63%
Total Long-Term Assets $1.404B $1.400B $1.738B
YoY Change -19.65% -19.67% 9.6%
TOTAL ASSETS
Total Short-Term Assets $1.413B $1.499B $1.276B
Total Long-Term Assets $1.404B $1.400B $1.738B
Total Assets $2.817B $2.899B $3.015B
YoY Change 6.79% 9.29% 11.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.9M $111.2M $143.5M
YoY Change 90.61% -28.99% -9.35%
Accrued Expenses $28.70M $83.80M $95.30M
YoY Change -12.5% -3.34% 9.04%
Deferred Revenue $15.10M $47.33M $53.91M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $268.2M $334.4M $294.7M
YoY Change 7.88% 37.45% 19.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $463.5M $458.0M
YoY Change -100.0% 46.68% 269.35%
Other Long-Term Liabilities $28.80M $29.45M $36.09M
YoY Change 5660.0% 11.28% 49.44%
Total Long-Term Liabilities $507.5M $498.8M $496.3M
YoY Change 60.04% 45.66% 167.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $268.2M $334.4M $294.7M
Total Long-Term Liabilities $507.5M $498.8M $496.3M
Total Liabilities $775.7M $833.2M $791.0M
YoY Change 37.12% 42.25% 83.42%
SHAREHOLDERS EQUITY
Retained Earnings -$847.5M -$713.8M -$485.9M
YoY Change 75.57% 58.81% 132.64%
Common Stock $100.0K $2.772B $2.704B
YoY Change -100.0% 10.47% 8.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.036B $2.061B $2.219B
YoY Change
Total Liabilities & Shareholders Equity $2.817B $2.899B $3.015B
YoY Change 6.79% 9.29% 11.06%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q4
OPERATING ACTIVITIES
Net Income -$135.8M -$227.8M -$2.500M
YoY Change 307.81% -5.24% -118.25%
Depreciation, Depletion And Amortization $27.30M $55.40M $31.40M
YoY Change -32.92% 43.52% -15.59%
Cash From Operating Activities $15.30M $59.30M $82.90M
YoY Change -68.19% 202.55% 60.35%
INVESTING ACTIVITIES
Capital Expenditures $37.30M $48.70M $33.60M
YoY Change -37.31% 5.64% -34.5%
Acquisitions
YoY Change
Other Investing Activities $2.700M $35.00M -$42.90M
YoY Change -90.82% -114.01% 251.64%
Cash From Investing Activities -$34.60M -$13.70M -$76.50M
YoY Change 14.95% -95.37% 20.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 63.50M 54.70M 13.50M
YoY Change 31650.0% -73.66% -54.08%
NET CHANGE
Cash From Operating Activities 15.30M 59.30M 82.90M
Cash From Investing Activities -34.60M -13.70M -76.50M
Cash From Financing Activities 63.50M 54.70M 13.50M
Net Change In Cash 44.20M 100.3M 19.90M
YoY Change 142.86% -245.78% 12.43%
FREE CASH FLOW
Cash From Operating Activities $15.30M $59.30M $82.90M
Capital Expenditures $37.30M $48.70M $33.60M
Free Cash Flow -$22.00M $10.60M $49.30M
YoY Change 92.98% -140.0% 12225.0%

Facts In Submission

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149000000 USD
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22500000 USD
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3450000 USD
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11722000 USD
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429162000 USD
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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2543000 USD
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gross Profit
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us-gaap Gross Profit
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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7510000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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us-gaap Income Tax Expense Benefit
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Interest Expense Debt
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us-gaap Interest Expense Debt Excluding Amortization
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us-gaap Interest Expense Debt Excluding Amortization
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37580000 USD
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us-gaap Investment Income Net
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3354000 USD
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CY2019Q1 us-gaap Long Term Investments
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us-gaap Investment Income Net
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us-gaap Investment Income Net Amortization Of Discount And Premium
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us-gaap Investment Income Net Amortization Of Discount And Premium
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90355000 USD
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21505000 USD
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