2023 Q1 Form 10-K Financial Statement
#000000778923000013 Filed on February 13, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $336.1M | $1.145B | |
YoY Change | 28.17% | 8.22% | |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $11.43M | $13.55M | $53.90M |
YoY Change | -2.18% | -17.39% | 15.89% |
% of Gross Profit | |||
Operating Expenses | |||
YoY Change | |||
Operating Profit | |||
YoY Change | |||
Interest Expense | $168.8M | $187.9M | |
YoY Change | 1062.42% | 159.81% | |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $130.7M | $134.1M | $459.6M |
YoY Change | 40.67% | 45.75% | 5.35% |
Income Tax | $27.34M | $25.33M | $93.51M |
% Of Pretax Income | 20.92% | 18.89% | 20.34% |
Net Earnings | $103.4M | $105.3M | $352.4M |
YoY Change | 39.18% | 36.94% | 0.4% |
Net Earnings / Revenue | 30.75% | 30.77% | |
Basic Earnings Per Share | $0.67 | $2.36 | |
Diluted Earnings Per Share | $0.66 | $0.70 | $2.34 |
COMMON SHARES | |||
Basic Shares Outstanding | 150.5M shares | 150.4M shares | 149.2M shares |
Diluted Shares Outstanding | 151.1M shares | 150.5M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $822.8M | $621.5M | |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | |||
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $375.5M | $376.9M | $377.4M |
YoY Change | -3.1% | -2.15% | -1.98% |
Goodwill | $1.105B | $1.105B | |
YoY Change | 0.45% | 0.45% | |
Intangibles | $47.08M | $49.28M | |
YoY Change | -15.76% | -15.17% | |
Long-Term Investments | $269.3M | $276.8M | $276.8M |
YoY Change | -5.52% | -5.86% | -5.86% |
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | |||
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | |||
Total Long-Term Assets | |||
Total Assets | $40.70B | $39.41B | $39.41B |
YoY Change | 16.44% | 12.25% | 12.25% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $448.4M | $541.4M | $541.4M |
YoY Change | 19.26% | 55.14% | 55.14% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $226.6M | $605.9M | $605.9M |
YoY Change | -43.26% | 71.04% | 71.17% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $675.0M | $541.4M | $541.4M |
YoY Change | 79.53% | 55.14% | 55.14% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $544.1M | $248.1M | $248.1M |
YoY Change | 117.64% | -0.37% | -0.37% |
Other Long-Term Liabilities | $39.78M | $38.78M | $38.78M |
YoY Change | 1.99% | -3.06% | -3.06% |
Total Long-Term Liabilities | $583.9M | $286.8M | $286.8M |
YoY Change | 102.03% | -0.74% | -0.74% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $675.0M | $541.4M | $541.4M |
Total Long-Term Liabilities | $583.9M | $286.8M | $286.8M |
Total Liabilities | $36.58B | $35.39B | $35.39B |
YoY Change | 17.96% | 13.87% | 13.87% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $2.973B | $2.905B | |
YoY Change | 9.51% | 8.69% | |
Common Stock | $1.708B | $1.714B | |
YoY Change | -0.11% | -0.07% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $516.2M | $525.2M | |
YoY Change | -3.13% | -3.85% | |
Treasury Stock Shares | |||
Shareholders Equity | $4.126B | $4.015B | $4.015B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $40.70B | $39.41B | $39.41B |
YoY Change | 16.44% | 12.25% | 12.25% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $103.4M | $105.3M | $352.4M |
YoY Change | 39.18% | 36.94% | 0.4% |
Depreciation, Depletion And Amortization | $11.43M | $13.55M | $53.90M |
YoY Change | -2.18% | -17.39% | 15.89% |
Cash From Operating Activities | $47.47M | $124.2M | $846.6M |
YoY Change | -80.71% | -24.93% | 59.86% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $13.90M | $17.27M | $62.71M |
YoY Change | -181.27% | -195.94% | -219.91% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$1.062B | -$1.257B | -$5.192B |
YoY Change | 70.56% | -10.51% | 238.93% |
Cash From Investing Activities | -$1.076B | -$1.274B | -$5.255B |
YoY Change | 68.16% | -10.43% | 231.7% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | $0.00 | ||
YoY Change | -100.0% | ||
Cash From Financing Activities | $1.230B | 1.269B | 4.004B |
YoY Change | -1042.56% | 112.72% | 193.54% |
NET CHANGE | |||
Cash From Operating Activities | $47.47M | 124.2M | 846.6M |
Cash From Investing Activities | -$1.076B | -1.274B | -5.255B |
Cash From Financing Activities | $1.230B | 1.269B | 4.004B |
Net Change In Cash | $201.4M | 119.0M | -404.1M |
YoY Change | -138.4% | -118.03% | -230.57% |
FREE CASH FLOW | |||
Cash From Operating Activities | $47.47M | $124.2M | $846.6M |
Capital Expenditures | $13.90M | $17.27M | $62.71M |
Free Cash Flow | $33.57M | $107.0M | $783.9M |
YoY Change | -87.25% | -41.71% | 34.72% |
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OtherInterestAndDividendIncome
|
9473000 | usd |
CY2022 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
1145252000 | usd |
CY2021 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
798189000 | usd |
CY2020 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
912840000 | usd |
CY2022 | us-gaap |
Interest Expense Deposits
InterestExpenseDeposits
|
98309000 | usd |
CY2021 | us-gaap |
Interest Expense Deposits
InterestExpenseDeposits
|
18622000 | usd |
CY2020 | us-gaap |
Interest Expense Deposits
InterestExpenseDeposits
|
67639000 | usd |
CY2022 | us-gaap |
Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
|
3480000 | usd |
CY2021 | us-gaap |
Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
|
143000 | usd |
CY2020 | us-gaap |
Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
|
485000 | usd |
CY2022 | us-gaap |
Interest Expense Other Short Term Borrowings
InterestExpenseOtherShortTermBorrowings
|
2000 | usd |
CY2021 | us-gaap |
Interest Expense Other Short Term Borrowings
InterestExpenseOtherShortTermBorrowings
|
22000 | usd |
CY2020 | us-gaap |
Interest Expense Other Short Term Borrowings
InterestExpenseOtherShortTermBorrowings
|
51000 | usd |
CY2022 | asb |
Interest On Ppplf Funding
InterestOnPPPLFFunding
|
0 | usd |
CY2021 | asb |
Interest On Ppplf Funding
InterestOnPPPLFFunding
|
0 | usd |
CY2020 | asb |
Interest On Ppplf Funding
InterestOnPPPLFFunding
|
1984000 | usd |
CY2022 | asb |
Intereston Fhlb Funding
InterestonFHLBFunding
|
75487000 | usd |
CY2021 | asb |
Intereston Fhlb Funding
InterestonFHLBFunding
|
36493000 | usd |
CY2020 | asb |
Intereston Fhlb Funding
InterestonFHLBFunding
|
57359000 | usd |
CY2022 | us-gaap |
Interest Expense Long Term Debt
InterestExpenseLongTermDebt
|
10653000 | usd |
CY2021 | us-gaap |
Interest Expense Long Term Debt
InterestExpenseLongTermDebt
|
17053000 | usd |
CY2020 | us-gaap |
Interest Expense Long Term Debt
InterestExpenseLongTermDebt
|
22365000 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
187931000 | usd |
CY2021 | us-gaap |
Interest Expense
InterestExpense
|
72334000 | usd |
CY2020 | us-gaap |
Interest Expense
InterestExpense
|
149883000 | usd |
CY2022 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
957321000 | usd |
CY2021 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
725855000 | usd |
CY2020 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
762957000 | usd |
CY2022 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
32998000 | usd |
CY2021 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
-88011000 | usd |
CY2020 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
174006000 | usd |
CY2022 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
924323000 | usd |
CY2021 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
813866000 | usd |
CY2020 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
588950000 | usd |
CY2022 | asb |
Capital Market Fees Net
CapitalMarketFeesNet
|
29917000 | usd |
CY2021 | asb |
Capital Market Fees Net
CapitalMarketFeesNet
|
30602000 | usd |
CY2020 | asb |
Capital Market Fees Net
CapitalMarketFeesNet
|
27966000 | usd |
CY2022 | us-gaap |
Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
|
18873000 | usd |
CY2021 | us-gaap |
Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
|
50751000 | usd |
CY2020 | us-gaap |
Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
|
45580000 | usd |
CY2022 | us-gaap |
Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
|
11431000 | usd |
CY2021 | us-gaap |
Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
|
13254000 | usd |
CY2020 | us-gaap |
Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
|
13771000 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
1338000 | usd |
CY2021 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
11009000 | usd |
CY2020 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
155589000 | usd |
CY2022 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss Excluding Other Than Temporary Impairment
DebtSecuritiesAvailableForSaleRealizedGainLossExcludingOtherThanTemporaryImpairment
|
3746000 | usd |
CY2021 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss Excluding Other Than Temporary Impairment
DebtSecuritiesAvailableForSaleRealizedGainLossExcludingOtherThanTemporaryImpairment
|
-16000 | usd |
CY2020 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss Excluding Other Than Temporary Impairment
DebtSecuritiesAvailableForSaleRealizedGainLossExcludingOtherThanTemporaryImpairment
|
9222000 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | usd |
CY2021 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
1038000 | usd |
CY2020 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
7449000 | usd |
CY2022 | us-gaap |
Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
|
10715000 | usd |
CY2021 | us-gaap |
Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
|
11366000 | usd |
CY2020 | us-gaap |
Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
|
55445000 | usd |
CY2022 | us-gaap |
Noninterest Income
NoninterestIncome
|
282370000 | usd |
CY2021 | us-gaap |
Noninterest Income
NoninterestIncome
|
332364000 | usd |
CY2020 | us-gaap |
Noninterest Income
NoninterestIncome
|
514056000 | usd |
CY2022 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
454101000 | usd |
CY2021 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
426687000 | usd |
CY2020 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
432151000 | usd |
CY2022 | us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
90700000 | usd |
CY2021 | us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
81689000 | usd |
CY2020 | us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
81214000 | usd |
CY2022 | us-gaap |
Occupancy Net
OccupancyNet
|
59794000 | usd |
CY2021 | us-gaap |
Occupancy Net
OccupancyNet
|
63513000 | usd |
CY2020 | us-gaap |
Occupancy Net
OccupancyNet
|
64064000 | usd |
CY2022 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
25525000 | usd |
CY2021 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
21149000 | usd |
CY2020 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
18428000 | usd |
CY2022 | us-gaap |
Equipment Expense
EquipmentExpense
|
19632000 | usd |
CY2021 | us-gaap |
Equipment Expense
EquipmentExpense
|
21104000 | usd |