COMTECH TELECOMMUNICATIONS CORP /DE/: 10-Q filed 2016-12-07

Name: COMTECH TELECOMMUNICATIONS CORP /DE/: 10-Q filed 2016-12-07
Creator: COMTECH TELECOMMUNICATIONS CORP /DE/

What COMTECH TELECOMMUNICATIONS CORP /DE/ reported in its quarterly report filed 2016-12-07 (fiscal Q1 2017): 45 published measures, 95 facts as tagged in accession 0000023197-16-000097.

This filing

Form: 10-Q (quarterly report)
Filed: 2016-12-07
Fiscal period: fiscal Q1 2017
Accession: 0000023197-16-000097 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All COMTECH TELECOMMUNICATIONS CORP /DE/ filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit
At 2016-10-31	903,452,000	USD
At 2016-07-31	921,196,000	USD
At 2015-10-31	459,042,000	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2016-10-31	442,164,000	USD
At 2016-07-31	450,795,000	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2016-10-31	461,288,000	USD
At 2016-07-31	470,401,000	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2016-10-31	62,711,000	USD
At 2016-07-31	66,805,000	USD
At 2015-10-31	150,725,000	USD
At 2015-07-31	150,953,000	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	-2,489,000	USD	92
2015-08-01 to 2015-10-31	1,439,000	USD	92

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	7,623,000	USD	92
2015-08-01 to 2015-10-31	5,073,000	USD	92

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	2,075,000	USD	92
2015-08-01 to 2015-10-31	636,000	USD	92

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	-9,642,000	USD	92
2015-08-01 to 2015-10-31	-4,665,000	USD	92

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	-2,075,000	USD	92
2015-08-01 to 2015-10-31	-636,000	USD	92

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2016-10-31	373,990,000	USD
At 2016-07-31	383,616,000	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	23,385,000	shares	92
2015-08-01 to 2015-10-31	16,171,000	shares	92

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	23,385,000	shares	92
2015-08-01 to 2015-10-31	16,194,000	shares	92

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	-0.11	USD/shares	92
2015-08-01 to 2015-10-31	0.09	USD/shares	92

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	-0.11	USD/shares	92
2015-08-01 to 2015-10-31	0.09	USD/shares	92

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	-1,562,000	USD	92
2015-08-01 to 2015-10-31	766,000	USD	92

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2016-10-31	37,186,000	USD
At 2016-07-31	38,667,000	USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	-728,000	USD	92
2015-08-01 to 2015-10-31	2,168,000	USD	92

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2016-10-31	292,908,000	USD
At 2016-07-31	303,639,000	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	3,325,000	USD	92
2015-08-01 to 2015-10-31	75,000	USD	92

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2016-10-31	177,864,000	USD
At 2016-07-31	184,146,000	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2016-10-31	29,893,000	USD
At 2016-07-31	33,462,000	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2016-10-31	288,409,000	USD
At 2016-07-31	287,618,000	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2016-10-31	278,639,000	USD
At 2016-07-31	284,694,000	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2016-10-31	136,948,000	USD
At 2016-07-31	150,967,000	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	52,836,000	USD	92
2015-08-01 to 2015-10-31	26,034,000	USD	92

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2016-10-31	75,659,000	USD
At 2016-07-31	71,354,000	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	52,108,000	USD	92
2015-08-01 to 2015-10-31	28,202,000	USD	92

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	83,678,000	USD	92
2015-08-01 to 2015-10-31	35,915,000	USD	92

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	32,685,000	USD	92
2015-08-01 to 2015-10-31	16,718,000	USD	92

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	14,096,000	USD	92
2015-08-01 to 2015-10-31	7,940,000	USD	92

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2016-10-31	525,291,000	USD
At 2016-07-31	524,797,000	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit
At 2016-10-31	461,288,000	USD
At 2016-07-31	470,401,000	USD
At 2015-10-31	399,110,000	USD
At 2015-07-31	401,409,000	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2016-10-31	3,183,000	USD
At 2016-07-31	3,269,000	USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2016-10-31	3,789,000	USD
At 2016-07-31	4,105,000	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2016-10-31	96,680,000	USD
At 2016-07-31	98,034,000	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2016-10-31	17,590,000	USD
At 2016-07-31	14,513,000	USD

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

Period	Value	Unit	Days
At 2016-10-31	10,083,000	USD
At 2016-07-31	9,798,000	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	-4,051,000	USD	92
2015-08-01 to 2015-10-31	2,205,000	USD	92

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	3,749,000	USD	92
2015-08-01 to 2015-10-31	1,530,000	USD	92

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	6,055,000	USD	92
2015-08-01 to 2015-10-31	1,376,000	USD	92

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	-120,000	USD	92
2015-08-01 to 2015-10-31	-1,641,000	USD	92

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	2,004,000	USD	92
2015-08-01 to 2015-10-31	500,000	USD	92

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	-13,680,000	USD	92
2015-08-01 to 2015-10-31	-9,275,000	USD	92

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	4,942,000	USD	92
2015-08-01 to 2015-10-31	1,498,000	USD	92

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2016-08-01 to 2016-10-31	-3,348,000	USD	92
2015-08-01 to 2015-10-31	-3,017,000	USD	92

Inspect the source

Entity: COMTECH TELECOMMUNICATIONS CORP /DE/ / CIK 0000023197
Captured: 2026-09-19T14:45:21.791Z
SEC response SHA-256: 28f62329ee15d71b565d42155a68a828e10c4e776698181802ef35e9667886e9

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Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000023197.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))