2022 Q3 Form 10-Q Financial Statement

#000167398522000102 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $478.8M $583.7M $479.1M
YoY Change 7.23% 33.37% 27.28%
Cost Of Revenue $443.6M $476.8M $375.6M
YoY Change 21.16% 33.61% 18.17%
Gross Profit $35.12M $106.9M $103.4M
YoY Change -56.27% 32.31% 76.85%
Gross Profit Margin 7.34% 18.31% 21.59%
Selling, General & Admin $23.07M $20.84M $21.21M
YoY Change 9.22% -3.88% 9.85%
% of Gross Profit 65.68% 19.5% 20.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.64M $17.53M $16.69M
YoY Change 8.08% 5.42% 3.68%
% of Gross Profit 50.23% 16.4% 16.14%
Operating Expenses $23.07M $20.84M $21.21M
YoY Change 9.22% -3.88% 9.85%
Operating Profit $12.05M $86.06M $82.22M
YoY Change -79.64% 45.58% 109.87%
Interest Expense -$686.0K -$769.0K -$563.0K
YoY Change -41.57% -44.23% -62.47%
% of Operating Profit -5.69% -0.89% -0.68%
Other Income/Expense, Net $1.394M -$172.0K $603.0K
YoY Change -521.15% -181.52% -362.17%
Pretax Income $12.76M $85.12M $82.26M
YoY Change -77.88% 46.89% 119.93%
Income Tax $2.700M $20.00M $19.20M
% Of Pretax Income 21.16% 23.5% 23.34%
Net Earnings $10.03M $65.16M $63.07M
YoY Change -77.17% 47.64% 124.21%
Net Earnings / Revenue 2.1% 11.16% 13.17%
Basic Earnings Per Share $0.36 $2.31 $2.24
Diluted Earnings Per Share $0.35 $2.23 $2.15
COMMON SHARES
Basic Shares Outstanding 28.01M shares 28.17M shares 28.20M shares
Diluted Shares Outstanding 28.89M shares 29.26M shares 29.37M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.69M $17.30M $19.31M
YoY Change 241.12% 306.89% 36.92%
Cash & Equivalents $24.69M $17.30M $19.31M
Short-Term Investments
Other Short-Term Assets $14.40M $16.80M $6.220M
YoY Change 23.55% 14.66% 43.25%
Inventory $158.4M $155.4M $163.4M
Prepaid Expenses
Receivables $181.7M $238.7M $218.7M
Other Receivables $19.13M $7.696M $4.870M
Total Short-Term Assets $398.4M $435.9M $412.5M
YoY Change 19.6% 34.23% 33.02%
LONG-TERM ASSETS
Property, Plant & Equipment $928.1M $916.1M $915.4M
YoY Change 2.86% 5.91% 4.36%
Goodwill $56.19M $58.19M $57.86M
YoY Change 219.42% 230.79% 228.92%
Intangibles $50.00M $50.77M $48.95M
YoY Change
Long-Term Investments
YoY Change
Other Assets $22.83M $22.27M $22.50M
YoY Change -38.92% -41.33% -40.88%
Total Long-Term Assets $1.057B $1.047B $1.045B
YoY Change 10.44% 13.77% 12.0%
TOTAL ASSETS
Total Short-Term Assets $398.4M $435.9M $412.5M
Total Long-Term Assets $1.057B $1.047B $1.045B
Total Assets $1.456B $1.483B $1.457B
YoY Change 12.8% 19.11% 17.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $265.1M $272.3M $200.5M
YoY Change 21.6% 39.76% 15.51%
Accrued Expenses $44.07M $43.45M $40.20M
YoY Change -8.79% 0.68% 1.21%
Deferred Revenue $2.561M $1.607M $2.434M
YoY Change -18.39% -45.53% -87.57%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $350.7M $356.3M $307.3M
YoY Change 14.54% 32.42% 18.41%
LONG-TERM LIABILITIES
Long-Term Debt $135.0M $146.5M $220.0M
YoY Change 0.0% -24.87% -10.57%
Other Long-Term Liabilities $103.2M $112.9M $126.3M
YoY Change -29.16% -9.44% -6.26%
Total Long-Term Liabilities $238.2M $259.4M $346.3M
YoY Change -15.14% -18.85% -9.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $350.7M $356.3M $307.3M
Total Long-Term Liabilities $238.2M $259.4M $346.3M
Total Liabilities $741.3M $764.0M $798.7M
YoY Change 2.38% 5.75% 3.97%
SHAREHOLDERS EQUITY
Retained Earnings $538.1M $532.2M $470.8M
YoY Change 38.7% 53.16% 55.17%
Common Stock $181.9M $192.7M $193.6M
YoY Change -5.86% 1.1% 3.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $42.00K $39.00K $38.00K
YoY Change 16.67% 8.33% 5.56%
Treasury Stock Shares
Shareholders Equity $714.3M $719.2M $658.4M
YoY Change
Total Liabilities & Shareholders Equity $1.456B $1.483B $1.457B
YoY Change 12.8% 19.11% 17.25%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $10.03M $65.16M $63.07M
YoY Change -77.17% 47.64% 124.21%
Depreciation, Depletion And Amortization $17.64M $17.53M $16.69M
YoY Change 8.08% 5.42% 3.68%
Cash From Operating Activities $58.93M $95.89M $49.16M
YoY Change -22.95% 84.64% -13.89%
INVESTING ACTIVITIES
Capital Expenditures -$22.23M -$17.76M $21.02M
YoY Change 71.1% 72.8% 48.26%
Acquisitions $98.59M
YoY Change 935.27%
Other Investing Activities -$366.0K $208.0K $296.0K
YoY Change -25.76% -201.46% 28.14%
Cash From Investing Activities -$22.60M -$17.55M -$119.9M
YoY Change 67.56% 65.85% 401.04%
FINANCING ACTIVITIES
Cash Dividend Paid $3.517M
YoY Change
Common Stock Issuance & Retirement, Net $6.298M
YoY Change 1324.89%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -28.94M -80.35M $74.95M
YoY Change -51.78% 56.6% -352.85%
NET CHANGE
Cash From Operating Activities 58.93M 95.89M $49.16M
Cash From Investing Activities -22.60M -17.55M -$119.9M
Cash From Financing Activities -28.94M -80.35M $74.95M
Net Change In Cash 7.397M -2.009M $4.206M
YoY Change 147.56% -79.82% 19.56%
FREE CASH FLOW
Cash From Operating Activities $58.93M $95.89M $49.16M
Capital Expenditures -$22.23M -$17.76M $21.02M
Free Cash Flow $81.16M $113.7M $28.14M
YoY Change -9.29% 82.68% -34.42%

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us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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us-gaap Finance Lease Right Of Use Asset Amortization
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us-gaap Finance Lease Right Of Use Asset Amortization
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us-gaap Finance Lease Interest Expense
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us-gaap Finance Lease Interest Expense
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ShortTermLeaseCost
1244000 usd
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4722000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
2598000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
6635000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
11762000 usd
CY2021Q2 us-gaap Lease Cost
LeaseCost
13389000 usd
us-gaap Lease Cost
LeaseCost
23704000 usd
us-gaap Lease Cost
LeaseCost
27065000 usd
CY2022Q2 asix Operating Lease Lease Not Yet Commenced
OperatingLeaseLeaseNotYetCommenced
5200000 usd
CY2022Q2 asix Finance Lease Lease Not Yet Commenced
FinanceLeaseLeaseNotYetCommenced
500000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
17592000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
40600000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
58192000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
56371000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5605000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
50766000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
22371000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4391000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
17980000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13800000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.235
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.238
CY2022Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
300000 usd

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0001673985-22-000102.txt Edgar Link pending
0001673985-22-000102-xbrl.zip Edgar Link pending
a10qq-22022exhibit311ceo.htm Edgar Link pending
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