2022 Q4 Form 10-Q Financial Statement

#000162828023002872 Filed on February 09, 2023

View on sec.gov

Income Statement

Concept 2022 Q4

Balance Sheet

Concept 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $37.70M
Short-Term Investments
Other Short-Term Assets $46.56M
YoY Change -59.02%
Inventory $391.4M
Prepaid Expenses
Receivables $89.20M
Other Receivables
Total Short-Term Assets $621.7M
YoY Change -20.98%
LONG-TERM ASSETS
Property, Plant & Equipment $215.8M
YoY Change 24.74%
Goodwill $106.9M
YoY Change -2.12%
Intangibles $475.0M
YoY Change -4.38%
Long-Term Investments
YoY Change
Other Assets $67.68M
YoY Change 17.19%
Total Long-Term Assets $938.6M
YoY Change 3.81%
TOTAL ASSETS
Total Short-Term Assets $621.7M
Total Long-Term Assets $938.6M
Total Assets $1.560B
YoY Change -7.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $167.8M
YoY Change -55.35%
Accrued Expenses $147.1M
YoY Change 7.89%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $293.0M
YoY Change 68.88%
Total Short-Term Liabilities $622.6M
YoY Change -10.43%
LONG-TERM LIABILITIES
Long-Term Debt $1.210B
YoY Change 23.15%
Other Long-Term Liabilities $72.12M
YoY Change -9.2%
Total Long-Term Liabilities $1.282B
YoY Change 20.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $622.6M
Total Long-Term Liabilities $1.282B
Total Liabilities $2.065B
YoY Change 10.99%
SHAREHOLDERS EQUITY
Retained Earnings -$115.0M
YoY Change -1767.5%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$101.3M
YoY Change
Total Liabilities & Shareholders Equity $1.560B
YoY Change -7.72%

Cashflow Statement

Concept 2022 Q4

Facts In Submission

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CY2022Q4 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
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CY2022Q4 us-gaap Fiscal Period
FiscalPeriod
Fiscal Year The Company’s fiscal year runs from October 1 through September 30. All references to years are to fiscal years unless otherwise stated.
CY2022Q4 us-gaap Use Of Estimates
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<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. The effect of the change in the estimates will be recognized in the current period of the change.</span></div>
CY2022Q1 webr Receivables Purchase Agreement Sale Of Receivables Maximum Amount
ReceivablesPurchaseAgreementSaleOfReceivablesMaximumAmount
235000000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2022Q4 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
64916000 usd
CY2022Q3 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
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CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2022Q3 us-gaap Inventory Finished Goods
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InventoryNet
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CY2022Q3 us-gaap Inventory Net
InventoryNet
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CY2022Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
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CY2022Q3 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
30407000 usd
CY2022Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
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CY2022Q3 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
22277000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
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CY2022Q3 us-gaap Other Assets Current
OtherAssetsCurrent
38325000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
103375000 usd
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
91009000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
104142000 usd
CY2022Q4 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2722000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
106864000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
570009000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
95001000 usd
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475008000 usd
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IntangibleAssetsGrossExcludingGoodwill
567762000 usd
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FiniteLivedIntangibleAssetsAccumulatedAmortization
89544000 usd
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IntangibleAssetsNetExcludingGoodwill
478218000 usd
CY2022Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5100000 usd
CY2021Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5200000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
506283000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
491562000 usd
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
290526000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
280306000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
215757000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
211256000 usd
CY2022Q4 us-gaap Depreciation
Depreciation
10000000.0 usd
CY2021Q4 us-gaap Depreciation
Depreciation
8600000 usd
CY2022Q4 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2000000.0 usd
CY2021Q4 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1900000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
57400000 usd
CY2022Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
54000000.0 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
11250000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
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CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
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CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
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CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
15000000 usd
CY2022Q4 webr Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
1244199000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1315449000 usd
CY2020Q4 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
38200000 usd
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DerivativeFloorInterestRate
0.0075
CY2020Q4 us-gaap Derivative Cost Of Hedge Net Of Cash Received
DerivativeCostOfHedgeNetOfCashReceived
0 usd
CY2022Q1 webr Share Based Compensation Arrangement By Share Based Payment Award Vested Instruments Other Than Options Awards Failed To Meet Performance Percent
ShareBasedCompensationArrangementByShareBasedPaymentAwardVestedInstrumentsOtherThanOptionsAwardsFailedToMeetPerformancePercent
0.45
CY2022Q4 webr Derivative Instruments Estimated Gain Loss Net
DerivativeInstrumentsEstimatedGainLossNet
9700000 usd
CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5100000 usd
CY2022Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.047
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-30400000 usd
CY2021Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.290
CY2022Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
28743000 usd
CY2022Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
635000 usd
CY2022Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
893000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
28485000 usd
CY2022Q4 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
100000 usd
CY2021Q4 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
100000 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
600000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
600000 usd
CY2022Q4 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
1300000 usd
CY2022Q1 webr Share Based Compensation Arrangement By Share Based Payment Award Vested Instruments Other Than Options Awards Met Performance Target Percent
ShareBasedCompensationArrangementByShareBasedPaymentAwardVestedInstrumentsOtherThanOptionsAwardsMetPerformanceTargetPercent
0.55
CY2022Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8537000 usd
CY2021Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24365000 usd
CY2022Q4 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022Q4 us-gaap Revenues
Revenues
164899000 usd
CY2022Q4 webr Adjusted Income From Operations
AdjustedIncomeFromOperations
-45054000 usd
CY2022Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
15106000 usd
CY2022Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24440000 usd
CY2021Q4 us-gaap Revenues
Revenues
283141000 usd
CY2021Q4 webr Adjusted Income From Operations
AdjustedIncomeFromOperations
-49840000 usd
CY2021Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13787000 usd
CY2021Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25876000 usd
CY2022Q4 webr Unallocated Expenses Net
UnallocatedExpensesNet
74595000 usd
CY2021Q4 webr Unallocated Expenses Net
UnallocatedExpensesNet
116800000 usd
CY2022Q4 webr Non Cash Stock Compensation
NonCashStockCompensation
8537000 usd
CY2021Q4 webr Non Cash Stock Compensation
NonCashStockCompensation
25511000 usd
CY2022Q4 us-gaap Restructuring Charges
RestructuringCharges
-1166000 usd
CY2021Q4 us-gaap Restructuring Charges
RestructuringCharges
0 usd
CY2022Q4 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-29519000 usd
CY2021Q4 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-15531000 usd
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-108818000 usd
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-104940000 usd
CY2022Q4 webr Segment Assets
SegmentAssets
391379000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
1168929000 usd
CY2022Q4 us-gaap Assets
Assets
1560308000 usd
CY2022Q3 webr Segment Assets
SegmentAssets
339503000 usd
CY2022Q3 us-gaap Other Assets
OtherAssets
1108471000 usd
CY2022Q3 us-gaap Assets
Assets
1447974000 usd
CY2022Q4 us-gaap Profit Loss
ProfitLoss
-113891000 usd
CY2021Q4 us-gaap Profit Loss
ProfitLoss
-74553000 usd
CY2022Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-86701000 usd
CY2021Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-91330000 usd
CY2022Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-27190000 usd
CY2021Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16777000 usd
CY2022Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-27190000 usd
CY2021Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16777000 usd
CY2022Q4 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2021Q4 us-gaap Dilutive Securities
DilutiveSecurities
-71380000 usd
CY2022Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-27190000 usd
CY2021Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-54603000 usd
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54604105 shares
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53309932 shares
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54604105 shares
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53309932 shares
CY2022Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
234645219 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54604105 shares
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
287955151 shares
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19

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