2023 Q1 Form 10-K Financial Statement

#000155837023003009 Filed on March 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $78.27M $95.13M $408.5M
YoY Change -36.26% -18.54% 20.01%
Cost Of Revenue $53.88M $60.91M $257.2M
YoY Change -29.2% -16.1% 16.33%
Gross Profit $24.39M $34.22M $151.4M
YoY Change -47.77% -22.55% 26.8%
Gross Profit Margin 31.16% 35.97% 37.06%
Selling, General & Admin $25.22M $25.10M $96.35M
YoY Change 6.13% 2.77% 24.32%
% of Gross Profit 103.42% 73.33% 63.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.469M $2.395M $10.98M
YoY Change -13.82% -23.48% -15.49%
% of Gross Profit 10.12% 7.0% 7.26%
Operating Expenses $25.22M $25.10M $96.35M
YoY Change 6.13% 2.77% 24.32%
Operating Profit -$833.0K $9.126M $55.05M
YoY Change -103.63% -53.83% -2.85%
Interest Expense $1.047M $1.078M $1.093M
YoY Change -636.92% -119.08% -211.53%
% of Operating Profit 11.81% 1.99%
Other Income/Expense, Net $946.0K $3.098M $2.836M
YoY Change -188.91% -31080.0% -131.91%
Pretax Income $113.0K $13.30M $57.88M
YoY Change -99.48% -5.71% 21.16%
Income Tax $108.0K $4.109M $14.02M
% Of Pretax Income 95.58% 30.89% 24.22%
Net Earnings $5.000K $9.193M $43.86M
YoY Change -99.97% -17.81% 21.45%
Net Earnings / Revenue 0.01% 9.66% 10.74%
Basic Earnings Per Share $0.00 $0.85
Diluted Earnings Per Share $0.00 $0.18 $0.83
COMMON SHARES
Basic Shares Outstanding 51.21M 51.77M 51.57M
Diluted Shares Outstanding 52.96M 53.15M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $87.70M $147.2M $147.2M
YoY Change -48.93% 13.06% 13.06%
Cash & Equivalents $87.70M $147.2M $147.2M
Short-Term Investments
Other Short-Term Assets $56.05M $40.61M $40.61M
YoY Change -43.8% -58.89% -58.89%
Inventory $223.7M $183.5M $117.5M
Prepaid Expenses
Receivables $36.27M $28.27M $28.27M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $326.4M $333.6M $333.6M
YoY Change 3.84% 22.84% 22.84%
LONG-TERM ASSETS
Property, Plant & Equipment $13.48M $12.64M $75.55M
YoY Change 58.71% 71.95% 927.89%
Goodwill $19.86M $19.86M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $89.47M $78.50M $78.50M
YoY Change 36.12% -7.62% -7.62%
Total Long-Term Assets $210.9M $198.0M $198.0M
YoY Change 11.82% -8.3% -8.3%
TOTAL ASSETS
Total Short-Term Assets $326.4M $333.6M $333.6M
Total Long-Term Assets $210.9M $198.0M $198.0M
Total Assets $537.3M $531.6M $531.6M
YoY Change 6.83% 9.05% 9.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.15M $21.13M $21.13M
YoY Change 74.28% 5.83% 5.83%
Accrued Expenses $5.373M $8.843M $13.27M
YoY Change -21.11% 4.97% 57.51%
Deferred Revenue $2.698M $1.355M
YoY Change 16.19% -53.28%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $56.92M $52.84M $52.84M
YoY Change -10.46% -22.19% -22.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $75.00K $668.0K $33.76M
YoY Change -96.77% -80.37% 252.13%
Total Long-Term Liabilities $75.00K $668.0K $33.76M
YoY Change -96.77% -80.37% 252.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $56.92M $52.84M $52.84M
Total Long-Term Liabilities $75.00K $668.0K $33.76M
Total Liabilities $89.68M $86.60M $86.60M
YoY Change 22.89% 10.17% 10.17%
SHAREHOLDERS EQUITY
Retained Earnings $138.8M $138.8M
YoY Change 23.74% 46.18%
Common Stock $5.000K $5.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $447.6M $445.0M $445.0M
YoY Change
Total Liabilities & Shareholders Equity $537.3M $531.6M $531.6M
YoY Change 6.83% 9.05% 9.05%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $5.000K $9.193M $43.86M
YoY Change -99.97% -17.81% 21.45%
Depreciation, Depletion And Amortization $2.469M $2.395M $10.98M
YoY Change -13.82% -23.48% -15.49%
Cash From Operating Activities -$62.44M $2.269M -$113.0K
YoY Change -245.05% -95.69% -100.14%
INVESTING ACTIVITIES
Capital Expenditures $1.481M $1.527M $8.462M
YoY Change -9.53% -440.85% 461.14%
Acquisitions
YoY Change
Other Investing Activities $4.500M $19.67M $49.83M
YoY Change 152.94% 238.72%
Cash From Investing Activities $3.019M $18.14M $41.37M
YoY Change -284.42% 147.56% 213.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.00K -24.60M -24.26M
YoY Change -156.0% -395.99% -382.46%
NET CHANGE
Cash From Operating Activities -62.44M 2.269M -113.0K
Cash From Investing Activities 3.019M 18.14M 41.37M
Cash From Financing Activities -70.00K -24.60M -24.26M
Net Change In Cash -59.49M -4.190M 17.00M
YoY Change -243.23% -106.13% -83.15%
FREE CASH FLOW
Cash From Operating Activities -$62.44M $2.269M -$113.0K
Capital Expenditures $1.481M $1.527M $8.462M
Free Cash Flow -$63.92M $742.0K -$8.575M
YoY Change -254.36% -98.6% -111.05%

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><span style="text-decoration-line:underline;text-decoration-style:solid;">Reclassification</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Company reclassified $13.2 million of contract assets from accounts receivable to deposits, prepaid expenses, and other current assets in the Consolidated Balance Sheet as of December 31, 2021.  This reclassification had no impact on net income or cash flows from operating activities.</p>
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CY2021 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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CY2020 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2020 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2021 us-gaap Income Tax Reconciliation Other Adjustments
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
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CY2022 asle Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Remaining Contractual Terms
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
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DefinedContributionPlanEmployerMatchingContributionPercent
0.03
CY2022 asle Defined Contribution Plan Employer Nondiscretionary Contribution Amount
DefinedContributionPlanEmployerNondiscretionaryContributionAmount
1250000
CY2021 asle Defined Contribution Plan Employer Nondiscretionary Contribution Amount
DefinedContributionPlanEmployerNondiscretionaryContributionAmount
929000
CY2020 asle Defined Contribution Plan Employer Nondiscretionary Contribution Amount
DefinedContributionPlanEmployerNondiscretionaryContributionAmount
753000

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0001558370-23-003009-index-headers.html Edgar Link pending
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asle-20221231_def.xml Edgar Link unprocessable
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