2021 Q2 Form 10-Q Financial Statement

#000000248821000116 Filed on July 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $3.850B $1.932B
YoY Change 99.28% 26.19%
Cost Of Revenue $2.020B $1.084B
YoY Change 86.35% 19.12%
Gross Profit $1.830B $848.0M
YoY Change 115.8% 36.55%
Gross Profit Margin 47.53% 43.89%
Selling, General & Admin $341.0M $215.0M
YoY Change 58.6% 13.76%
% of Gross Profit 18.63% 25.35%
Research & Development $659.0M $460.0M
YoY Change 43.26% 23.32%
% of Gross Profit 36.01% 54.25%
Depreciation & Amortization $97.00M $72.00M
YoY Change 34.72% 38.46%
% of Gross Profit 5.3% 8.49%
Operating Expenses $1.000B $675.0M
YoY Change 48.15% 20.11%
Operating Profit $831.0M $173.0M
YoY Change 380.35% 193.22%
Interest Expense $10.00M $14.00M
YoY Change -28.57% -44.0%
% of Operating Profit 1.2% 8.09%
Other Income/Expense, Net $0.00 $1.000M
YoY Change -100.0% -66.67%
Pretax Income $821.0M $160.0M
YoY Change 413.13% 332.43%
Income Tax $113.0M $4.000M
% Of Pretax Income 13.76% 2.5%
Net Earnings $710.0M $157.0M
YoY Change 352.23% 348.57%
Net Earnings / Revenue 18.44% 8.13%
Basic Earnings Per Share $0.58 $0.13
Diluted Earnings Per Share $0.58 $0.13
COMMON SHARES
Basic Shares Outstanding 1.216B shares 1.174B shares
Diluted Shares Outstanding 1.232B shares 1.227B shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.793B $1.775B
YoY Change 113.69% 57.36%
Cash & Equivalents $2.623B $1.775B
Short-Term Investments $1.170B $0.00
Other Short-Term Assets $240.0M $221.0M
YoY Change 8.6% -20.5%
Inventory $1.765B $1.324B
Prepaid Expenses
Receivables $2.020B $1.789B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.818B $5.109B
YoY Change 53.02% 36.09%
LONG-TERM ASSETS
Property, Plant & Equipment $671.0M $585.0M
YoY Change 14.7% 27.73%
Goodwill $289.0M $289.0M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $67.00M $59.00M
YoY Change 13.56% 1.72%
Other Assets $509.0M $326.0M
YoY Change 56.13% -1.51%
Total Long-Term Assets $2.873B $1.474B
YoY Change 94.91% 9.35%
TOTAL ASSETS
Total Short-Term Assets $7.818B $5.109B
Total Long-Term Assets $2.873B $1.474B
Total Assets $10.69B $6.583B
YoY Change 62.4% 29.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $836.0M $802.0M
YoY Change 4.24% -3.14%
Accrued Expenses $1.911B $1.172B
YoY Change 63.05% 61.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $200.0M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.892B $2.434B
YoY Change 18.82% 34.92%
LONG-TERM LIABILITIES
Long-Term Debt $313.0M $490.0M
YoY Change -36.12% -52.47%
Other Long-Term Liabilities $181.0M $150.0M
YoY Change 20.67% -3.23%
Total Long-Term Liabilities $494.0M $640.0M
YoY Change -22.81% -46.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.892B $2.434B
Total Long-Term Liabilities $494.0M $640.0M
Total Liabilities $3.386B $3.074B
YoY Change 10.15% 2.81%
SHAREHOLDERS EQUITY
Retained Earnings -$3.348B -$6.776B
YoY Change -50.59% -8.25%
Common Stock $10.81B $10.14B
YoY Change 6.59% 8.6%
Preferred Stock
YoY Change
Treasury Stock (at cost) $401.0M $54.00M
YoY Change 642.59% 8.0%
Treasury Stock Shares 10.00M shares 5.000M shares
Shareholders Equity $7.065B $3.305B
YoY Change
Total Liabilities & Shareholders Equity $10.69B $6.583B
YoY Change 62.4% 29.03%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $710.0M $157.0M
YoY Change 352.23% 348.57%
Depreciation, Depletion And Amortization $97.00M $72.00M
YoY Change 34.72% 38.46%
Cash From Operating Activities $952.0M $243.0M
YoY Change 291.77% 710.0%
INVESTING ACTIVITIES
Capital Expenditures -$64.00M -$91.00M
YoY Change -29.67% 56.9%
Acquisitions
YoY Change
Other Investing Activities $183.0M $55.00M
YoY Change 232.73% 7.84%
Cash From Investing Activities $119.0M -$36.00M
YoY Change -430.56% 414.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -211.0M 238.0M
YoY Change -188.66% -726.32%
NET CHANGE
Cash From Operating Activities 952.0M 243.0M
Cash From Investing Activities 119.0M -36.00M
Cash From Financing Activities -211.0M 238.0M
Net Change In Cash 860.0M 445.0M
YoY Change 93.26% -3066.67%
FREE CASH FLOW
Cash From Operating Activities $952.0M $243.0M
Capital Expenditures -$64.00M -$91.00M
Free Cash Flow $1.016B $334.0M
YoY Change 204.19% 279.55%

Facts In Submission

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CY2020Q4 amd Liabilities Subject To Compromise Early Contract Termination Fees Required Regulatory Approval
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