2022 Q1 Form 10-Q Financial Statement

#000175100822000010 Filed on May 13, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $625.4M $603.9M
YoY Change 3.57% 132.08%
Cost Of Revenue $281.8M $223.1M
YoY Change 26.32% 191.58%
Gross Profit $343.6M $380.8M
YoY Change -9.76% 107.3%
Gross Profit Margin 54.95% 63.06%
Selling, General & Admin $345.4M $308.5M
YoY Change 11.96% 125.49%
% of Gross Profit 100.51% 81.0%
Research & Development $126.3M $60.88M
YoY Change 107.39% 218.72%
% of Gross Profit 36.74% 15.99%
Depreciation & Amortization $129.0M $88.82M
YoY Change 45.23% 174.98%
% of Gross Profit 37.54% 23.32%
Operating Expenses $471.6M $369.4M
YoY Change 27.69% 133.03%
Operating Profit -$128.0M $11.47M
YoY Change -1216.33% -54.5%
Interest Expense -$32.01M -$18.10M
YoY Change 76.85% -2.69%
% of Operating Profit -157.87%
Other Income/Expense, Net -$30.00M -$25.22M
YoY Change 18.93% -2622.0%
Pretax Income -$158.0M -$13.76M
YoY Change 1048.54% -283.4%
Income Tax -$42.68M -$3.180M
% Of Pretax Income
Net Earnings -$115.3M -$10.52M
YoY Change 995.49% -325.58%
Net Earnings / Revenue -18.43% -1.74%
Basic Earnings Per Share -$0.31 -$0.05
Diluted Earnings Per Share -$0.31 -$0.05
COMMON SHARES
Basic Shares Outstanding 372.0M shares 222.4M shares
Diluted Shares Outstanding 372.0M shares 222.4M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.413B $761.1M
YoY Change 85.69%
Cash & Equivalents $1.413B $761.1M
Short-Term Investments
Other Short-Term Assets $200.4M $82.90M
YoY Change 141.72%
Inventory
Prepaid Expenses
Receivables $684.5M $340.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.298B $1.185B
YoY Change 93.97%
LONG-TERM ASSETS
Property, Plant & Equipment $63.72M $100.7M
YoY Change -36.73%
Goodwill $1.585B
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $136.2M $49.70M
YoY Change 173.97%
Total Long-Term Assets $3.869B $1.437B
YoY Change 169.32%
TOTAL ASSETS
Total Short-Term Assets $2.298B $1.185B
Total Long-Term Assets $3.869B $1.437B
Total Assets $6.167B $2.621B
YoY Change 135.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $369.7M $158.0M
YoY Change 133.96%
Accrued Expenses $160.4M $116.8M
YoY Change 37.35%
Deferred Revenue $76.12M
YoY Change
Short-Term Debt $29.56M $17.70M
YoY Change 67.01%
Long-Term Debt Due $29.56M $18.30M
YoY Change 61.53%
Total Short-Term Liabilities $785.1M $486.6M
YoY Change 61.35%
LONG-TERM LIABILITIES
Long-Term Debt $3.196B $2.138B
YoY Change 49.51%
Other Long-Term Liabilities $113.8M $126.9M
YoY Change -10.3%
Total Long-Term Liabilities $3.310B $2.265B
YoY Change 46.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $785.1M $486.6M
Total Long-Term Liabilities $3.310B $2.265B
Total Liabilities $4.155B $2.751B
YoY Change 51.0%
SHAREHOLDERS EQUITY
Retained Earnings -$1.092B
YoY Change
Common Stock $11.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.012B -$130.0M
YoY Change
Total Liabilities & Shareholders Equity $6.167B $2.621B
YoY Change 135.26%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$115.3M -$10.52M
YoY Change 995.49% -325.58%
Depreciation, Depletion And Amortization $129.0M $88.82M
YoY Change 45.23% 174.98%
Cash From Operating Activities -$31.72M $61.82M
YoY Change -151.31% 35.27%
INVESTING ACTIVITIES
Capital Expenditures $285.0K $121.0K
YoY Change 135.54% -39.5%
Acquisitions $1.046B $4.152M
YoY Change 25088.25%
Other Investing Activities -$2.162M $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.060B -$18.27M
YoY Change 5699.5% -66.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $43.70M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$65.42M $400.4M
YoY Change -116.34% 1095.15%
NET CHANGE
Cash From Operating Activities -$31.72M $61.82M
Cash From Investing Activities -$1.060B -$18.27M
Cash From Financing Activities -$65.42M $400.4M
Net Change In Cash -$1.157B $443.8M
YoY Change -360.74% 1711.59%
FREE CASH FLOW
Cash From Operating Activities -$31.72M $61.82M
Capital Expenditures $285.0K $121.0K
Free Cash Flow -$32.00M $61.70M
YoY Change -151.87% 35.6%

Facts In Submission

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IncreaseDecreaseInAccountsPayableTrade
111604000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
9370000 USD
CY2022Q1 app Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-6046000 USD
CY2021Q1 app Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-5631000 USD
CY2022Q1 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
21138000 USD
CY2021Q1 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-1339000 USD
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-2630000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-994000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-31719000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
61819000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
285000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
121000 USD
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1045816000 USD
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4152000 USD
CY2022Q1 app Purchase Of Nonmarketable Investments And Other
PurchaseOfNonmarketableInvestmentsAndOther
14146000 USD
CY2021Q1 app Purchase Of Nonmarketable Investments And Other
PurchaseOfNonmarketableInvestmentsAndOther
14000000 USD
CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2162000 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2022Q1 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
1658000 USD
CY2021Q1 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
0 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1059743000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18273000 USD
CY2022Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
0 USD
CY2021Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
844729000 USD
CY2022Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
4577000 USD
CY2021Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
302327000 USD
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
6176000 USD
CY2021Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
840000 USD
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8110000 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
12882000 USD
CY2022Q1 app Payments Of Deferred Acquisition Costs
PaymentsOfDeferredAcquisitionCosts
1710000 USD
CY2021Q1 app Payments Of Deferred Acquisition Costs
PaymentsOfDeferredAcquisitionCosts
152245000 USD
CY2022Q1 app Payments Of Licensed Asset Obligation
PaymentsOfLicensedAssetObligation
17374000 USD
CY2021Q1 app Payments Of Licensed Asset Obligation
PaymentsOfLicensedAssetObligation
0 USD
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
43697000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2022Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2021Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1825000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-65424000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
400374000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
761075000 USD
CY2022Q1 app Assets Acquired Not Yet Paid
AssetsAcquiredNotYetPaid
28995000 USD
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-362000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-80000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1157248000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
443840000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2570504000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
317235000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1413256000 USD
CY2021Q1 app Assets Acquired Not Yet Paid
AssetsAcquiredNotYetPaid
32161000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
8703000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
445000 USD
CY2022Q1 app Stock Issuance Costs Not Paid
StockIssuanceCostsNotPaid
0 USD
CY2021Q1 app Stock Issuance Costs Not Paid
StockIssuanceCostsNotPaid
1834000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
28865000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
15662000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
2100000 USD
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
4411000 USD
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
221000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
625421000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
603877000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
625421000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
603877000 USD
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
55800000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
57700000 USD
CY2022Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
930955000 USD
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
2123511000 USD
CY2022Q1 us-gaap Equity Securities Fv Ni Realized Loss
EquitySecuritiesFvNiRealizedLoss
400000 USD
CY2021Q1 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
5400000 USD
CY2022Q1 app Investment Fund Maximum Exposure Loss Limit Unfunded Commitments
InvestmentFundMaximumExposureLossLimitUnfundedCommitments
44100000 USD
CY2022Q1 app Purchase Of Nonmarketable Investments And Other
PurchaseOfNonmarketableInvestmentsAndOther
14100000 USD
CY2022Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
1600000 USD
CY2022Q1 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
226800000 USD
CY2022Q1 app Purchase Commitment Unfunded Committed Amount
PurchaseCommitmentUnfundedCommittedAmount
44100000 USD
CY2022Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
625421000 USD
CY2021Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
640800000 USD
CY2022Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-99932000 USD
CY2021Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-23831000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
966427000 USD
CY2022Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
632472000 USD
CY2022Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-13971000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
1584928000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
121011000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
85394000 USD
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
44640000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
29959000 USD
CY2022Q1 app Liabilities Related To Exercised Options Subject To Repurchase
LiabilitiesRelatedToExercisedOptionsSubjectToRepurchase
3000000 USD
CY2021 app Liabilities Related To Exercised Options Subject To Repurchase
LiabilitiesRelatedToExercisedOptionsSubjectToRepurchase
1400000 USD
CY2021Q1 app Employee Promissory Note Settled In Shares
EmployeePromissoryNoteSettledInShares
17200000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-115257000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10521000 USD
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
371967881 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
371967881 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
222408568 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
222408568 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.31
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.31
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25469350 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
133788868 shares

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app-20220331.htm Edgar Link pending
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app-20220331_cal.xml Edgar Link unprocessable
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