Financial Highlights

Financial Highlights
2015 FY
12/31/2015
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FY
12/31/2018
2019 FQ1 YTD
3/31/2019
Balance Sheet ($000)
Cash and Cash Equivalents 14,783 18,485 25,966 34,673 38,851
Current Assets 59,476 57,937 67,608 70,118 68,265
Net PP&E 8,922 9,232 9,786 10,901 38,500
Total Intangible Assets 95,149 94,070 94,299 94,536 94,536
Total Assets 177,859 170,077 173,169 176,463 202,612
Short-term and Current Long-term Debt 0 6,157 9,888 1,241 3,679
Current Liabilities 15,031 17,948 23,986 14,553 14,645
Non-current Long-term Debt 0 32,286 22,339 23,714 52,298
Total Liabilities 17,858 52,514 52,422 43,878 67,487
Total Mezzanine Level Items 0 0 0 0 0
Equity Attributable to Parent Company 160,001 117,563 120,747 132,585 135,125
Total Equity 160,001 117,563 120,747 132,585 135,125
Total Capitalization, at Book Value 160,001 156,006 152,974 157,540 191,102
Income Statement ($000)
Operating Revenue, Net 111,826 106,625 108,556 121,333 29,972
Cost of Revenue 29,903 30,217 28,336 28,959 7,012
Reported Net Operating Income 12,170 6,791 10,410 16,621 4,375
Recurring EBIT NA 6,791 10,410 16,621 4,375
Recurring EBITDA NA 11,684 15,046 21,169 5,518
Net Income before Taxes 11,921 5,017 9,717 14,843 4,238
Net Income before Extra 7,186 2,419 6,803 12,955 3,290
Net Income 7,186 2,419 6,803 12,955 3,290
Net Income Attributable to Parent 7,186 2,419 6,803 12,955 3,290
Cash Flow Statement Highlights ($000)
Cash Flow from Operating Activities 14,479 18,345 18,649 23,877 9,804
Cash Flow from Investing Activities (4,933) (3,616) 6,263 1,692 (1,333)
Cash Flow from Financing Activities (14,021) (11,112) (17,386) (16,778) (4,283)
Effect of Exchange Rate Fluctuations (17) 85 (45) (84) (10)
Other Cash Flow 0 0 0 0 0
Net Increase in Cash and Cash Equivalents (4,492) 3,702 7,481 8,707 4,178
Recurring Levered Free Cash Flow NA 5,671 NA NA NA
Balance Sheet Ratios (%)
Debt/ Book Capitalization 0 24.64 21.07 15.84 29.29
Total Debt/ Total Equity(x) 0 0.33 0.27 0.19 0.41
Total Equity/ Total Assets 89.96 69.12 69.73 75.13 66.69
Debt plus Rdm Pfd/ Equity(x) 0 0.33 0.27 0.19 0.41
Long-term Debt/ Book Capital 0 20.70 14.60 15.05 27.37
Debt & Redeemable Preferred/ Book Capital 0 24.64 21.07 15.84 29.29
Net Debt and Preferred/ Recurring EBITDA(x) NA 0.61 1.06 NM 0.17
Profitability Ratios (%)
ROAA 3.98 1.32 4 7.52 6.94
ROAE 4.46 1.78 5.73 10.18 9.83
ROACE 4.46 1.78 5.73 10.18 9.83
Return on Invested Capital 4.22 3.68 6.76 9.04 9.76
Recurring EBITDA Margin NA 10.96 13.86 17.45 18.41
Recurring Levered FCF Margin NA 5.32 NA NA NA
Recurring Levered Free Cash Flow/ Recurring EBITDA NA 48.54 NA NA NA
Liquidity Ratios (x)
Recurring EBITDA/ Interest Expense plus Pfd NA NA NA NA NA
Recurring Unlevered FCF/ Interest Expense NA NA NA NA NA
Cash Interest Coverage NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 32,039,853 27,495,539 27,483,115 27,791,045 27,693,293
Avg Diluted Shares(actual) 34,475,805 30,773,532 28,271,384 28,652,814 27,804,835
Basic Book Value per Share 4.99 4.28 4.39 4.77 4.88
Common Dividends Declared per Share 0 0 0 0 0
Basic EPS before Extra 0.22 0.08 0.25 0.47 0.12
Basic EPS after Extra 0.22 0.08 0.25 0.47 0.12
Diluted EPS before Extra 0.21 0.08 0.24 0.45 0.12
Diluted EPS after Extraordinary 0.21 0.08 0.24 0.45 0.12
Recurring Levered FCF per Share NA 0.19 NA NA NA
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