2023 Q2 Form 10-Q Financial Statement

#000174882423000034 Filed on May 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $96.30M $91.80M
YoY Change 0.84% -18.18%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $71.50M $68.20M
YoY Change 64.37% 7.06%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.400M $3.800M
YoY Change -16.98% -28.3%
% of Gross Profit
Operating Expenses $75.90M $72.00M
YoY Change 55.53% 4.35%
Operating Profit $20.40M $19.80M
YoY Change -56.32% -54.17%
Interest Expense $5.400M $4.900M
YoY Change 12.5% -24.62%
% of Operating Profit 26.47% 24.75%
Other Income/Expense, Net -$3.400M -$2.700M
YoY Change -37.04% -72.45%
Pretax Income $17.00M $17.10M
YoY Change -58.84% -48.8%
Income Tax $5.500M $5.100M
% Of Pretax Income 32.35% 29.82%
Net Earnings $11.40M $12.00M
YoY Change -60.14% -49.58%
Net Earnings / Revenue 11.84% 13.07%
Basic Earnings Per Share $0.27 $0.29
Diluted Earnings Per Share $0.27 $0.28
COMMON SHARES
Basic Shares Outstanding 41.46M shares 41.45M shares
Diluted Shares Outstanding 42.65M shares 42.71M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $140.8M $154.1M
YoY Change 52.71% 73.54%
Cash & Equivalents $152.9M $166.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $236.8M $254.0M
YoY Change 14.9% 21.24%
LONG-TERM ASSETS
Property, Plant & Equipment $107.7M $109.7M
YoY Change 125.31% 124.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $56.70M $52.70M
YoY Change 15.48% -1.31%
Other Assets $79.30M $78.50M
YoY Change 22.76% 10.72%
Total Long-Term Assets $321.5M $292.0M
YoY Change 18.11% 2.6%
TOTAL ASSETS
Total Short-Term Assets $236.8M $254.0M
Total Long-Term Assets $321.5M $292.0M
Total Assets $558.3M $546.0M
YoY Change 16.73% 10.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $51.90M $20.90M
YoY Change 112.7% -0.48%
Accrued Expenses $120.8M $101.0M
YoY Change -1.95% -3.81%
Deferred Revenue
YoY Change
Short-Term Debt $1.300M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $175.2M $130.2M
YoY Change 16.49% -3.41%
LONG-TERM LIABILITIES
Long-Term Debt $311.7M $360.6M
YoY Change -3.59% -0.17%
Other Long-Term Liabilities $65.40M $63.10M
YoY Change -13.49% -34.27%
Total Long-Term Liabilities $377.1M $423.7M
YoY Change -5.47% -7.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $175.2M $130.2M
Total Long-Term Liabilities $377.1M $423.7M
Total Liabilities $552.3M $554.3M
YoY Change 0.55% -6.37%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.700M -$8.300M
YoY Change
Total Liabilities & Shareholders Equity $558.3M $546.0M
YoY Change 16.73% 10.5%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $11.40M $12.00M
YoY Change -60.14% -49.58%
Depreciation, Depletion And Amortization $4.400M $3.800M
YoY Change -16.98% -28.3%
Cash From Operating Activities $39.30M -$34.90M
YoY Change -11.29% 142.36%
INVESTING ACTIVITIES
Capital Expenditures $3.400M $4.500M
YoY Change -180.95% 12.5%
Acquisitions
YoY Change
Other Investing Activities -$1.700M -$1.100M
YoY Change -194.44%
Cash From Investing Activities -$5.100M -$5.600M
YoY Change 112.5% 40.0%
FINANCING ACTIVITIES
Cash Dividend Paid $500.0K
YoY Change 66.67%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $13.00M
YoY Change -91.98%
Cash From Financing Activities -48.00M $85.90M
YoY Change 24.68% -159.28%
NET CHANGE
Cash From Operating Activities 39.30M -$34.90M
Cash From Investing Activities -5.100M -$5.600M
Cash From Financing Activities -48.00M $85.90M
Net Change In Cash -13.80M $45.50M
YoY Change -505.88% -127.86%
FREE CASH FLOW
Cash From Operating Activities $39.30M -$34.90M
Capital Expenditures $3.400M $4.500M
Free Cash Flow $35.90M -$39.40M
YoY Change -25.98% 114.13%

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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-144900000 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100000 usd
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
45500000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
121200000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
252100000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
166700000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88800000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
7100000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
8000000.0 usd
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
800000 usd
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
3000000.0 usd
CY2023Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2022Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
4147450 shares
CY2022Q1 bsig Stock Repurchased During Period Price Per Share
StockRepurchasedDuringPeriodPricePerShare
24.09
CY2022Q1 bsig Stock Repurchased During Period Value Netof Commissions
StockRepurchasedDuringPeriodValueNetofCommissions
100000000 usd
CY2023Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
52700000 usd
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
Use of estimatesThe preparation of these Condensed Consolidated Financial Statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from such estimates, and the differences may be material to the Condensed Consolidated Financial Statements.
CY2023Q1 us-gaap Investments
Investments
52700000 usd
CY2022Q4 us-gaap Investments
Investments
50300000 usd
CY2023Q1 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
2600000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
50300000 usd
CY2022Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
2200000 usd
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0 usd
CY2023Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2022Q4 us-gaap Guaranty Liabilities
GuarantyLiabilities
0 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
2100000 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
2500000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2022Q1 us-gaap Sublease Income
SubleaseIncome
100000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
2100000 usd
CY2022Q1 us-gaap Lease Cost
LeaseCost
2400000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
2300000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
2200000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2800000 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
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CY2020Q1 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
2500000 usd
CY2023Q1 us-gaap Guaranty Liabilities
GuarantyLiabilities
0 usd
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
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CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0354
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0335
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
7000000.0 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
9000000.0 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8800000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8800000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8400000 usd
CY2023Q1 bsig Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
49600000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
91600000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14600000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
77000000.0 usd
CY2023Q1 bsig Cash And Cash Equivalents Related To Wind Down
CashAndCashEquivalentsRelatedToWindDown
3600000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12000000.0 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23800000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41444200 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43969713 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42710577 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45327390 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2023Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
700000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
800000 usd
CY2023Q1 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-200000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1300000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
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CY2022Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
2200000 usd
CY2022Q1 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-600000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
900000 usd
CY2023Q1 us-gaap Revenues
Revenues
91800000 usd
CY2023Q1 bsig Eni Operating Expenses
ENIOperatingExpenses
47600000 usd
CY2023Q1 bsig Earnings Before Variable Compensation
EarningsBeforeVariableCompensation
44200000 usd
CY2023Q1 bsig Variable Compensation
VariableCompensation
23200000 usd
CY2023Q1 bsig Operating Earnings After Variable Compensation
OperatingEarningsAfterVariableCompensation
21000000.0 usd
CY2023Q1 bsig Affiliate Key Employee Distributions
AffiliateKeyEmployeeDistributions
1200000 usd
CY2023Q1 bsig Earnings After Key Employee Distributions
EarningsAfterKeyEmployeeDistributions
19800000 usd
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3800000 usd
CY2023Q1 us-gaap Interest Income Other
InterestIncomeOther
1100000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5100000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
12000000.0 usd
CY2022Q1 us-gaap Revenues
Revenues
112200000 usd
CY2022Q1 bsig Eni Operating Expenses
ENIOperatingExpenses
39200000 usd
CY2022Q1 bsig Earnings Before Variable Compensation
EarningsBeforeVariableCompensation
73000000.0 usd
CY2022Q1 bsig Variable Compensation
VariableCompensation
27900000 usd
CY2022Q1 bsig Operating Earnings After Variable Compensation
OperatingEarningsAfterVariableCompensation
45100000 usd
CY2022Q1 bsig Affiliate Key Employee Distributions
AffiliateKeyEmployeeDistributions
1900000 usd
CY2022Q1 bsig Earnings After Key Employee Distributions
EarningsAfterKeyEmployeeDistributions
43200000 usd
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-6500000 usd
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-100000 usd
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-3200000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9600000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
23800000 usd

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
bsig-20230331_lab.xml Edgar Link unprocessable
0001748824-23-000034-index-headers.html Edgar Link pending
0001748824-23-000034-index.html Edgar Link pending
0001748824-23-000034.txt Edgar Link pending
0001748824-23-000034-xbrl.zip Edgar Link pending
brightsphere-wiateremploym.htm Edgar Link pending
bsig-20230331.htm Edgar Link pending
bsig-20230331.xsd Edgar Link pending
bsig-20230331_g1.jpg Edgar Link pending
bsig-20230331_cal.xml Edgar Link unprocessable
bsig-20230331_def.xml Edgar Link unprocessable
bsig33123ex311.htm Edgar Link pending
bsig33123ex312.htm Edgar Link pending
bsig33123ex321.htm Edgar Link pending
bsig33123ex322.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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bsig-20230331_pre.xml Edgar Link unprocessable
bsig-20230331_htm.xml Edgar Link completed
R6.htm Edgar Link pending
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