2022 Q1 Form 10-Q Financial Statement

#000162828022012220 Filed on May 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $834.1M $692.5M
YoY Change 20.45% -27.52%
Cost Of Revenue $664.7M $606.7M
YoY Change 9.56% -26.08%
Gross Profit $169.4M $85.80M
YoY Change 97.44% -36.35%
Gross Profit Margin 20.31% 12.39%
Selling, General & Admin $75.20M $54.00M
YoY Change 39.26% -7.53%
% of Gross Profit 44.39% 62.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.50M $36.10M
YoY Change -1.66% -3.22%
% of Gross Profit 20.96% 42.07%
Operating Expenses $75.20M $54.00M
YoY Change 39.26% -7.53%
Operating Profit $77.00M $31.80M
YoY Change 142.14% -53.51%
Interest Expense -$23.20M -$23.40M
YoY Change -0.85% -8.59%
% of Operating Profit -30.13% -73.58%
Other Income/Expense, Net -$7.500M $1.500M
YoY Change -600.0% -266.67%
Pretax Income $40.10M $3.100M
YoY Change 1193.55% -90.99%
Income Tax $4.900M $5.500M
% Of Pretax Income 12.22% 177.42%
Net Earnings $30.90M -$7.900M
YoY Change -491.14% -137.44%
Net Earnings / Revenue 3.7% -1.14%
Basic Earnings Per Share $0.24 -$0.06
Diluted Earnings Per Share $0.23 -$0.06
COMMON SHARES
Basic Shares Outstanding 126.4M shares 126.8M shares
Diluted Shares Outstanding 152.8M shares 126.8M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $316.7M $541.7M
YoY Change -41.54% -15.23%
Cash & Equivalents $316.7M $541.7M
Short-Term Investments
Other Short-Term Assets $112.3M $38.00M
YoY Change 195.53% -25.49%
Inventory $1.189B $1.048B
Prepaid Expenses
Receivables $558.0M $423.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.286B $2.093B
YoY Change 9.19% -16.53%
LONG-TERM ASSETS
Property, Plant & Equipment $1.503B $1.479B
YoY Change 1.62% -39.53%
Goodwill $227.2M $241.6M
YoY Change -5.96% -53.61%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $194.4M $254.8M
YoY Change -23.7% -23.44%
Total Long-Term Assets $1.950B $1.975B
YoY Change -1.25% -40.13%
TOTAL ASSETS
Total Short-Term Assets $2.286B $2.093B
Total Long-Term Assets $1.950B $1.975B
Total Assets $4.236B $4.069B
YoY Change 4.12% -29.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $396.1M $324.8M
YoY Change 21.95% -23.5%
Accrued Expenses $213.5M $230.0M
YoY Change -7.17% 9.73%
Deferred Revenue $133.3M $118.7M
YoY Change 12.3% 3.85%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $116.7M $15.70M
YoY Change 643.31% -94.95%
Total Short-Term Liabilities $877.2M $689.2M
YoY Change 27.28% -34.93%
LONG-TERM LIABILITIES
Long-Term Debt $1.707B $1.598B
YoY Change 6.82% 14.99%
Other Long-Term Liabilities $199.4M $207.1M
YoY Change -3.72% 26.67%
Total Long-Term Liabilities $199.4M $207.1M
YoY Change -3.72% 26.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $877.2M $689.2M
Total Long-Term Liabilities $199.4M $207.1M
Total Liabilities $3.440B $3.459B
YoY Change -0.54% -4.3%
SHAREHOLDERS EQUITY
Retained Earnings $103.6M $103.0M
YoY Change 0.58% -93.94%
Common Stock $1.615B $1.593B
YoY Change 1.39% -0.72%
Preferred Stock
YoY Change
Treasury Stock (at cost) $99.70M $4.700M
YoY Change 2021.28% 487.5%
Treasury Stock Shares 3.993M shares 226.7K shares
Shareholders Equity $658.7M $482.9M
YoY Change
Total Liabilities & Shareholders Equity $4.236B $4.069B
YoY Change 4.12% -29.94%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $30.90M -$7.900M
YoY Change -491.14% -137.44%
Depreciation, Depletion And Amortization $35.50M $36.10M
YoY Change -1.66% -3.22%
Cash From Operating Activities -$217.2M -$68.10M
YoY Change 218.94% -40.99%
INVESTING ACTIVITIES
Capital Expenditures -$26.00M -$26.40M
YoY Change -1.52% -9.28%
Acquisitions
YoY Change
Other Investing Activities -$1.000M $100.0K
YoY Change -1100.0% -110.0%
Cash From Investing Activities -$24.20M -$25.10M
YoY Change -3.59% -0.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $89.90M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$129.6M -$11.00M
YoY Change 1078.18% -103.81%
NET CHANGE
Cash From Operating Activities -$217.2M -$68.10M
Cash From Investing Activities -$24.20M -$25.10M
Cash From Financing Activities -$129.6M -$11.00M
Net Change In Cash -$371.0M -$104.2M
YoY Change 256.05% -170.31%
FREE CASH FLOW
Cash From Operating Activities -$217.2M -$68.10M
Capital Expenditures -$26.00M -$26.40M
Free Cash Flow -$191.2M -$41.70M
YoY Change 358.51% -51.68%

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1200000 USD
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35600000 USD
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34100000 USD
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26400000 USD
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CY2021Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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1
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CY2021Q1 us-gaap Revenue Remaining Performance Obligation
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CY2021Q1 us-gaap Provision For Doubtful Accounts
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CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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300000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
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CY2020Q4 us-gaap Contract With Customer Asset Net Current
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18900000 USD
CY2021Q1 ati Contractwith Customer Asset Current Period Increase
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25700000 USD
CY2022Q1 ati Contractwith Customer Asset Current Reclassifiedto Receivable
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CY2021Q1 ati Contractwith Customer Asset Current Reclassifiedto Receivable
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CY2022Q1 ati Contractwith Customer Asset Current Reclassification
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CY2021Q1 ati Contractwith Customer Asset Current Reclassification
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CY2022Q1 us-gaap Contract With Customer Asset Net Current
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CY2021Q1 us-gaap Contract With Customer Asset Net Current
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CY2020Q4 us-gaap Contract With Customer Liability Current
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CY2021Q1 ati Contractwith Customer Liability Current Period Increase
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CY2021Q1 ati Contractwith Customer Liability Current Reclassifiedto Revenue
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CY2021Q1 ati Contractwith Customer Liability Current Revenue Recognized
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CY2021Q1 ati Contractwith Customer Liability Current Other
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CY2022Q1 ati Contractwith Customer Liability Current Reclassification
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CY2021Q1 ati Contractwith Customer Liability Current Reclassification
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CY2022Q1 us-gaap Contract With Customer Liability Current
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CY2021Q1 us-gaap Contract With Customer Liability Current
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CY2021Q1 ati Contractwith Customer Liability Noncurrent Period Increase
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CY2022Q1 ati Contractwith Customer Liability Noncurrent Reclassifiedto Revenue
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CY2021Q1 ati Contractwith Customer Liability Noncurrent Reclassifiedto Revenue
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CY2021Q1 ati Contractwith Customer Liability Noncurrent Revenue Recognized
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CY2021Q1 ati Contractwith Customer Liability Noncurrent Reclassification
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CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
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CY2021Q4 us-gaap Inventory Finished Goods
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CY2021Q1 us-gaap Income Loss From Equity Method Investments
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CY2021Q1 ati Other Nonoperating Income Expense Litigation Reserve
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CY2022Q1 us-gaap Restructuring Reserve
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CY2021Q4 ati Total Debt
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0.75
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CY2021Q1 ati Interest Expense Net
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40100000 USD
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3100000 USD
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CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
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CY2022Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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11200000 USD
CY2022Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
31200000 USD
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-960500000 USD
CY2021Q4 ati Accumulated Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
26000000.0 USD
CY2022Q1 ati Other Comprehensive Income Loss Before Reclassification Adjustments Net Of Tax Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeReclassificationAdjustmentsNetOfTaxAttributableToNoncontrollingInterest
700000 USD
CY2022Q1 ati Reclassificationfrom Accumulated Other Comprehensive Income Loss Current Period Netof Tax Attributableto Noncontrolling Interest
ReclassificationfromAccumulatedOtherComprehensiveIncomeLossCurrentPeriodNetofTaxAttributabletoNoncontrollingInterest
0 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
700000 USD
CY2022Q1 ati Accumulated Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
26700000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1223600000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-5100000 USD
CY2021Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-20100000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
15000000.0 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1208600000 USD
CY2020Q4 ati Accumulated Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
21200000 USD
CY2021Q1 ati Other Comprehensive Income Loss Before Reclassification Adjustments Net Of Tax Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeReclassificationAdjustmentsNetOfTaxAttributableToNoncontrollingInterest
600000 USD
CY2021Q1 ati Reclassificationfrom Accumulated Other Comprehensive Income Loss Current Period Netof Tax Attributableto Noncontrolling Interest
ReclassificationfromAccumulatedOtherComprehensiveIncomeLossCurrentPeriodNetofTaxAttributabletoNoncontrollingInterest
0 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
600000 USD
CY2021Q1 ati Accumulated Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
21800000 USD
CY2022Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
13000000 USD
CY2022Q1 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
5000000 USD
CY2022Q1 ati Environmental Remediation Obligation Federal Superfund Sites
EnvironmentalRemediationObligationFederalSuperfundSites
4000000 USD
CY2022Q1 ati Environmental Remediation Obligation For Formerly Owned Sites
EnvironmentalRemediationObligationForFormerlyOwnedSites
7000000 USD
CY2022Q1 ati Environmental Remediation Obligation For Owned Or Controlled Sites With Closed Operations
EnvironmentalRemediationObligationForOwnedOrControlledSitesWithClosedOperations
2000000 USD
CY2022Q1 ati Other Nonoperating Income Expense Litigation Reserve
OtherNonoperatingIncomeExpenseLitigationReserve
-8600000 USD
CY2022Q1 ati Other Nonoperating Income Expense Litigation Reserve
OtherNonoperatingIncomeExpenseLitigationReserve
-8600000 USD

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