2022 Q2 Form 10-Q Financial Statement

#000154565422000022 Filed on July 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q4 2021 Q2
Revenue $88.10M $124.7M $89.30M
YoY Change -1.34% 71.29% 20.84%
Cost Of Revenue $63.90M $75.50M $62.80M
YoY Change 1.75% 38.53% 161.67%
Gross Profit $24.20M $49.20M $26.50M
YoY Change -8.68% 168.85% -46.89%
Gross Profit Margin 27.47% 39.45% 29.68%
Selling, General & Admin $13.20M $14.70M $12.40M
YoY Change 6.45% 26.72% 37.78%
% of Gross Profit 54.55% 29.88% 46.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.40M $12.70M $12.80M
YoY Change -10.94% -0.78% -7.25%
% of Gross Profit 47.11% 25.81% 48.3%
Operating Expenses $13.20M $14.70M $12.40M
YoY Change 6.45% 26.72% 37.78%
Operating Profit $65.00M $34.50M $14.20M
YoY Change 357.75% 414.93% 238.1%
Interest Expense $5.600M -$600.0K $6.700M
YoY Change -16.42% -90.48% -14.1%
% of Operating Profit 8.62% -1.74% 47.18%
Other Income/Expense, Net $1.100M -$800.0K $0.00
YoY Change -500.0%
Pretax Income -$13.60M $6.700M $13.10M
YoY Change -203.82% 857.14% -419.51%
Income Tax -$18.10M -$100.0K $0.00
% Of Pretax Income -1.49% 0.0%
Net Earnings $4.100M $6.300M $12.80M
YoY Change -67.97% 472.73% -372.34%
Net Earnings / Revenue 4.65% 5.05% 14.33%
Basic Earnings Per Share $0.06 $0.08 $0.18
Diluted Earnings Per Share $0.05 $86.78K $0.18
COMMON SHARES
Basic Shares Outstanding 72.70M shares 72.50M shares 72.50M shares
Diluted Shares Outstanding 72.80M shares 72.70M shares 72.60M shares

Balance Sheet

Concept 2022 Q2 2021 Q4 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.20M $70.00M $19.90M
YoY Change 66.83% 22.38% -79.31%
Cash & Equivalents $33.20M $70.00M $19.90M
Short-Term Investments
Other Short-Term Assets $200.0K $1.000M $200.0K
YoY Change 0.0% 400.0% 0.0%
Inventory $24.60M $20.30M $24.10M
Prepaid Expenses
Receivables $34.90M $28.90M $24.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $92.70M $119.2M $68.80M
YoY Change 34.74% 0.08% -58.15%
LONG-TERM ASSETS
Property, Plant & Equipment $1.625B $1.408B $1.769B
YoY Change -8.15% 0.89% -2.7%
Goodwill $8.700M $8.700M $10.50M
YoY Change -17.14% -17.14% 0.0%
Intangibles
YoY Change
Long-Term Investments $39.30M
YoY Change -76.83%
Other Assets $121.8M $103.6M $90.70M
YoY Change 34.29% 8.14% -8.29%
Total Long-Term Assets $1.761B $1.761B $1.887B
YoY Change -6.67% -8.15% -2.81%
TOTAL ASSETS
Total Short-Term Assets $92.70M $119.2M $68.80M
Total Long-Term Assets $1.761B $1.761B $1.887B
Total Assets $1.854B $1.880B $1.956B
YoY Change -5.21% -7.67% -7.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.80M $9.900M $12.40M
YoY Change 19.35% 1.02% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue $7.700M $6.800M $5.600M
YoY Change 37.5% -20.0% -30.86%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $14.80M $9.900M $12.40M
YoY Change 19.35% 1.02% -37.69%
LONG-TERM LIABILITIES
Long-Term Debt $475.9M $532.7M $597.8M
YoY Change -20.39% -22.47% -22.22%
Other Long-Term Liabilities $219.7M $263.7M $236.9M
YoY Change -7.26% 11.5% 14.5%
Total Long-Term Liabilities $695.6M $796.4M $834.7M
YoY Change -16.66% -13.77% -14.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.80M $9.900M $12.40M
Total Long-Term Liabilities $695.6M $796.4M $834.7M
Total Liabilities $710.4M $806.3M $847.1M
YoY Change -16.14% -13.62% -14.9%
SHAREHOLDERS EQUITY
Retained Earnings -$677.1M -$663.2M -$649.2M
YoY Change 4.3% 2.13% 0.9%
Common Stock $1.811B $1.811B $1.808B
YoY Change 0.2% 0.28% 0.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.136B $1.067B $1.102B
YoY Change
Total Liabilities & Shareholders Equity $1.854B $1.880B $1.956B
YoY Change -5.21% -7.67% -7.13%

Cashflow Statement

Concept 2022 Q2 2021 Q4 2021 Q2
OPERATING ACTIVITIES
Net Income $4.100M $6.300M $12.80M
YoY Change -67.97% 472.73% -372.34%
Depreciation, Depletion And Amortization $11.40M $12.70M $12.80M
YoY Change -10.94% -0.78% -7.25%
Cash From Operating Activities -$6.600M $57.00M $39.00M
YoY Change -116.92% 120.08% 319.35%
INVESTING ACTIVITIES
Capital Expenditures -$5.800M -$27.40M -$9.600M
YoY Change -39.58% 270.27% 104.26%
Acquisitions
YoY Change
Other Investing Activities $72.60M $110.0M $14.20M
YoY Change 411.27% -10100.0% 153.57%
Cash From Investing Activities $66.80M $82.60M $4.600M
YoY Change 1352.17% -1071.76% 411.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -61.50M -95.30M -55.70M
YoY Change 10.41% 23.29% 8.16%
NET CHANGE
Cash From Operating Activities -6.600M 57.00M 39.00M
Cash From Investing Activities 66.80M 82.60M 4.600M
Cash From Financing Activities -61.50M -95.30M -55.70M
Net Change In Cash -1.300M 44.30M -12.10M
YoY Change -89.26% -173.96% -70.7%
FREE CASH FLOW
Cash From Operating Activities -$6.600M $57.00M $39.00M
Capital Expenditures -$5.800M -$27.40M -$9.600M
Free Cash Flow -$800.0K $84.40M $48.60M
YoY Change -101.65% 153.45% 247.14%

Facts In Submission

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CY2022Q2 us-gaap Area Of Land
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