2022 Q2 Form 10-Q Financial Statement

#000180297422000024 Filed on June 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $278.1M $216.6M $237.0M
YoY Change 18.49% 25.06% 14.6%
Cost Of Revenue $258.3M $216.1M $203.2M
YoY Change 24.42% 43.59% 21.46%
Gross Profit $19.80M $500.0K $33.80M
YoY Change -26.94% -97.8% -14.43%
Gross Profit Margin 7.12% 0.23% 14.26%
Selling, General & Admin $18.70M $18.70M $15.50M
YoY Change 14.72% 28.08% -7.74%
% of Gross Profit 94.44% 3740.0% 45.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.600M $4.500M $6.700M
YoY Change 40.0% 25.0% 22.71%
% of Gross Profit 28.28% 900.0% 19.82%
Operating Expenses $18.70M $18.70M $15.50M
YoY Change 14.72% 28.08% -7.74%
Operating Profit $1.100M -$18.20M $18.30M
YoY Change -89.81% -324.69% -19.38%
Interest Expense $1.100M $900.0K $4.500M
YoY Change 37.5% 0.0% 221.43%
% of Operating Profit 100.0% 24.59%
Other Income/Expense, Net $2.900M $1.600M $0.00
YoY Change -1066.67% -100.0%
Pretax Income $3.200M -$15.90M $22.70M
YoY Change -66.32% -267.37% -2.58%
Income Tax $800.0K -$2.500M $5.800M
% Of Pretax Income 25.0% 25.55%
Net Earnings $2.400M -$13.40M $16.90M
YoY Change -67.57% -709.09% -10.11%
Net Earnings / Revenue 0.86% -6.19% 7.13%
Basic Earnings Per Share $0.03 -$0.19
Diluted Earnings Per Share $0.03 -$0.19 $237.6K
COMMON SHARES
Basic Shares Outstanding 70.64M shares 70.63M shares 70.63M shares
Diluted Shares Outstanding 70.69M shares 70.63M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.40M $25.30M $84.50M
YoY Change -60.52% -72.23% -31.85%
Cash & Equivalents $21.40M $25.30M $84.50M
Short-Term Investments
Other Short-Term Assets $10.40M $14.20M $17.70M
YoY Change -16.8% 56.04% 73.53%
Inventory $90.60M $79.30M $48.20M
Prepaid Expenses
Receivables $102.9M $101.2M $73.80M
Other Receivables $10.70M $9.200M $12.30M
Total Short-Term Assets $255.1M $245.7M $247.1M
YoY Change 4.63% 5.5% -0.4%
LONG-TERM ASSETS
Property, Plant & Equipment $438.2M $436.1M $424.2M
YoY Change 6.33% 8.24% 11.9%
Goodwill $76.40M $76.40M $76.40M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $52.80M $51.90M $52.70M
YoY Change 7.32% 4.64% 12.85%
Other Assets $19.50M $18.70M $19.80M
YoY Change -24.71% -75.17% 9.39%
Total Long-Term Assets $645.7M $635.3M $626.4M
YoY Change 14.26% 13.63% 18.37%
TOTAL ASSETS
Total Short-Term Assets $255.1M $245.7M $247.1M
Total Long-Term Assets $645.7M $635.3M $626.4M
Total Assets $900.8M $881.0M $873.5M
YoY Change 11.36% 11.24% 12.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $84.30M $58.40M $45.00M
YoY Change 59.06% 37.09% 14.5%
Accrued Expenses $28.90M $41.00M $28.80M
YoY Change -8.25% 27.73% 1.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.800M $8.800M $8.800M
YoY Change -6.38% 0.0% 18.92%
Total Short-Term Liabilities $128.8M $115.1M $89.20M
YoY Change 32.78% 35.57% 14.51%
LONG-TERM LIABILITIES
Long-Term Debt $150.7M $152.9M $155.1M
YoY Change -8.5% -8.66% -6.96%
Other Long-Term Liabilities $17.10M $17.90M $20.00M
YoY Change -36.43% -34.43% -17.7%
Total Long-Term Liabilities $167.8M $170.8M $175.1M
YoY Change -12.42% -12.28% -8.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $128.8M $115.1M $89.20M
Total Long-Term Liabilities $167.8M $170.8M $175.1M
Total Liabilities $376.0M $359.7M $339.3M
YoY Change 16.09% 14.23% 11.69%
SHAREHOLDERS EQUITY
Retained Earnings $298.0M $295.6M $309.0M
YoY Change 23.01%
Common Stock $100.0K $100.0K $100.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $524.8M $521.3M $534.2M
YoY Change
Total Liabilities & Shareholders Equity $900.8M $881.0M $873.5M
YoY Change 11.36% 11.24% 12.38%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $2.400M -$13.40M $16.90M
YoY Change -67.57% -709.09% -10.11%
Depreciation, Depletion And Amortization $5.600M $4.500M $6.700M
YoY Change 40.0% 25.0% 22.71%
Cash From Operating Activities $4.400M -$41.40M $31.80M
YoY Change -141.9% 326.8% -30.82%
INVESTING ACTIVITIES
Capital Expenditures -$8.200M $20.90M -$12.10M
YoY Change -66.39% -6.7% -55.04%
Acquisitions
YoY Change
Other Investing Activities $2.500M $200.0K $700.0K
YoY Change 0.0% -73.18%
Cash From Investing Activities -$5.700M -$20.10M -$11.40M
YoY Change -76.64% -2.43% -53.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.200M
YoY Change 0.0%
Cash From Financing Activities -2.500M -$2.500M -4.900M
YoY Change 25.0% 0.0% -107.43%
NET CHANGE
Cash From Operating Activities 4.400M -$41.40M 31.80M
Cash From Investing Activities -5.700M -$20.10M -11.40M
Cash From Financing Activities -2.500M -$2.500M -4.900M
Net Change In Cash -3.800M -$64.00M 15.50M
YoY Change -89.7% 95.72% -82.3%
FREE CASH FLOW
Cash From Operating Activities $4.400M -$41.40M $31.80M
Capital Expenditures -$8.200M $20.90M -$12.10M
Free Cash Flow $12.60M -$62.30M $43.90M
YoY Change -9.35% 94.08% -39.76%

Facts In Submission

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