2022 Q2 Form 10-Q Financial Statement

#000108622222000159 Filed on May 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $903.3M $903.6M $905.4M
YoY Change 5.92% 7.23% 6.98%
Cost Of Revenue $346.6M $332.8M $325.4M
YoY Change 8.33% 8.5% 7.09%
Gross Profit $556.7M $570.9M $580.0M
YoY Change 4.48% 6.51% 6.92%
Gross Profit Margin 61.63% 63.18% 64.06%
Selling, General & Admin $246.7M $276.0M $241.2M
YoY Change 0.19% 9.05% -6.27%
% of Gross Profit 44.31% 48.34% 41.58%
Research & Development $92.07M $99.94M $93.17M
YoY Change 19.18% 21.81% 38.65%
% of Gross Profit 16.54% 17.5% 16.07%
Depreciation & Amortization $150.6M $142.6M $141.7M
YoY Change 9.38% 8.46% 10.96%
% of Gross Profit 27.05% 24.98% 24.43%
Operating Expenses $374.1M $375.9M $366.9M
YoY Change 15.67% 12.18% 2.86%
Operating Profit $182.6M $173.3M $213.1M
YoY Change -8.46% -4.96% 14.7%
Interest Expense -$5.263M $2.695M -$14.88M
YoY Change -129.18% -84.89% 34.08%
% of Operating Profit -2.88% 1.55% -6.99%
Other Income/Expense, Net $816.0K -$9.565M -$222.0K
YoY Change -200.62% 1070.75% -104.11%
Pretax Income $170.6M $160.8M $181.0M
YoY Change -7.95% -4.42% 40.29%
Income Tax $51.06M $34.05M $19.02M
% Of Pretax Income 29.93% 21.17% 10.51%
Net Earnings $119.5M $119.2M $160.5M
YoY Change -23.62% -23.46% 41.6%
Net Earnings / Revenue 13.23% 13.19% 17.73%
Basic Earnings Per Share $0.86 $0.74 $0.99
Diluted Earnings Per Share $739.2K $0.73 $973.3K
COMMON SHARES
Basic Shares Outstanding 160.3M shares 160.5M shares 162.5M shares
Diluted Shares Outstanding 161.7M shares 163.6M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $690.7M $506.9M $1.077B
YoY Change -51.23% -60.64% -1.81%
Cash & Equivalents $426.7M $377.8M $536.7M
Short-Term Investments $264.0M $129.1M $540.6M
Other Short-Term Assets $207.0M $238.8M $16.66M
YoY Change 14.92% 15.48% -18.58%
Inventory
Prepaid Expenses
Receivables $668.4M $718.8M $675.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.566B $1.464B $1.920B
YoY Change -30.49% -32.24% -0.47%
LONG-TERM ASSETS
Property, Plant & Equipment $2.339B $2.400B $1.534B
YoY Change 52.05% 58.77% 3.79%
Goodwill $2.746B $2.156B
YoY Change 63.24% 28.78%
Intangibles $512.2M $313.2M
YoY Change 125.2% 33.44%
Long-Term Investments $640.7M $786.7M $1.088B
YoY Change -44.99% -32.51% -22.22%
Other Assets $424.5M $128.9M $142.3M
YoY Change 222.55% -8.38% -3.58%
Total Long-Term Assets $6.645B $6.839B $6.218B
YoY Change 17.24% 20.91% 6.58%
TOTAL ASSETS
Total Short-Term Assets $1.566B $1.464B $1.920B
Total Long-Term Assets $6.645B $6.839B $6.218B
Total Assets $8.211B $8.304B $8.139B
YoY Change 3.66% 6.21% 4.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $131.6M $122.9M $109.9M
YoY Change 40.85% 2.91% -7.27%
Accrued Expenses $493.3M $342.8M $411.6M
YoY Change 70.6% 10.62% 8.18%
Deferred Revenue $139.7M $86.52M
YoY Change 36.28% 12.95%
Short-Term Debt $75.00M $75.00M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $817.1M $869.3M $790.3M
YoY Change 26.2% 21.55% 4.24%
LONG-TERM LIABILITIES
Long-Term Debt $2.283B $2.282B $1.976B
YoY Change 17.61% 18.62% 3.64%
Other Long-Term Liabilities $791.1M $77.23M $68.75M
YoY Change 871.27% -8.99% -23.47%
Total Long-Term Liabilities $3.074B $77.23M $68.75M
YoY Change 3674.29% -8.99% -23.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $817.1M $869.3M $790.3M
Total Long-Term Liabilities $3.074B $77.23M $68.75M
Total Liabilities $3.931B $4.003B $3.609B
YoY Change 14.12% 14.49% 2.73%
SHAREHOLDERS EQUITY
Retained Earnings $1.668B $1.516B $1.257B
YoY Change 81.84% 99.26% 107.7%
Common Stock $1.615M $1.605M
YoY Change -1.4% -1.35%
Preferred Stock
YoY Change
Treasury Stock (at cost) $102.9M $0.00
YoY Change 76.6%
Treasury Stock Shares 924.5K shares 0.000 shares
Shareholders Equity $4.280B $4.301B $4.530B
YoY Change
Total Liabilities & Shareholders Equity $8.211B $8.304B $8.139B
YoY Change 3.66% 6.21% 4.82%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $119.5M $119.2M $160.5M
YoY Change -23.62% -23.46% 41.6%
Depreciation, Depletion And Amortization $150.6M $142.6M $141.7M
YoY Change 9.38% 8.46% 10.96%
Cash From Operating Activities $341.4M $222.5M $386.9M
YoY Change -9.7% -10.95% 32.91%
INVESTING ACTIVITIES
Capital Expenditures -$118.2M $51.01M -$109.7M
YoY Change -23.56% -41.52% -34.47%
Acquisitions $872.1M
YoY Change 5476.79%
Other Investing Activities $2.941M $5.242M -$734.3M
YoY Change -158.35% -3028.49% 62.99%
Cash From Investing Activities -$115.2M -$316.9M -$844.0M
YoY Change -27.82% 772.8% 36.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $102.9M
YoY Change 76.6%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -165.9M -$60.84M -269.2M
YoY Change 67.89% -39.63% 279.19%
NET CHANGE
Cash From Operating Activities 341.4M $222.5M 386.9M
Cash From Investing Activities -115.2M -$316.9M -844.0M
Cash From Financing Activities -165.9M -$60.84M -269.2M
Net Change In Cash 60.30M -$156.7M -726.3M
YoY Change -49.62% -248.49% 82.53%
FREE CASH FLOW
Cash From Operating Activities $341.4M $222.5M $386.9M
Capital Expenditures -$118.2M $51.01M -$109.7M
Free Cash Flow $459.6M $171.4M $496.6M
YoY Change -13.73% 5.46% 8.31%

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CY2021Q1 us-gaap Depreciation Depletion And Amortization
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366000000 USD
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65800000 USD
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66200000 USD
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CY2021Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
1667000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1822000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
955000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
163637000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
165688000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.95
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.94
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25279000 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
35297000 shares

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