2021 Q4 Form 10-Q Financial Statement

#000095017021002291 Filed on October 26, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $282.5M $292.2M $246.3M
YoY Change 18.35% 18.64% -11.12%
Cost Of Revenue $180.0M $181.5M $155.1M
YoY Change 15.46% 17.02% -6.23%
Gross Profit $102.5M $110.7M $91.20M
YoY Change 23.79% 21.38% -18.35%
Gross Profit Margin 36.28% 37.89% 37.03%
Selling, General & Admin $60.90M $62.30M $41.00M
YoY Change 11.74% 51.95% -0.73%
% of Gross Profit 59.41% 56.28% 44.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.20M $23.00M $24.10M
YoY Change -0.89% -4.56% 29.57%
% of Gross Profit 21.66% 20.78% 26.43%
Operating Expenses $66.60M $62.30M $41.00M
YoY Change 22.2% 51.95% -0.73%
Operating Profit $35.90M $72.10M $72.30M
YoY Change 26.86% -0.28% -36.19%
Interest Expense $14.10M $6.100M $6.100M
YoY Change 35.58% 0.0% -47.86%
% of Operating Profit 39.28% 8.46% 8.44%
Other Income/Expense, Net $1.300M $1.400M $3.200M
YoY Change -70.45% -56.25% -37.25%
Pretax Income $51.30M $67.40M $69.40M
YoY Change 19.03% -2.88% -34.96%
Income Tax $9.400M $16.60M $15.20M
% Of Pretax Income 18.32% 24.63% 21.9%
Net Earnings $41.90M $50.80M $54.00M
YoY Change 83.77% -5.93% -26.23%
Net Earnings / Revenue 14.83% 17.39% 21.92%
Basic Earnings Per Share $1.07 $1.13
Diluted Earnings Per Share $880.3K $1.06 $1.13
COMMON SHARES
Basic Shares Outstanding 47.48M 47.50M 47.90M
Diluted Shares Outstanding 47.80M 48.00M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $98.10M $94.30M $138.8M
YoY Change -28.34% -32.06% 41.63%
Cash & Equivalents $98.10M $94.30M $138.8M
Short-Term Investments
Other Short-Term Assets $23.10M $20.80M $11.70M
YoY Change 80.47% 77.78% -17.02%
Inventory $90.20M $89.60M $77.40M
Prepaid Expenses $17.20M $14.90M $10.10M
Receivables $101.2M $97.20M $79.40M
Other Receivables $9.300M $8.400M $16.00M
Total Short-Term Assets $321.9M $310.3M $323.3M
YoY Change 3.24% -4.02% 8.97%
LONG-TERM ASSETS
Property, Plant & Equipment $542.8M $527.3M $555.5M
YoY Change 2.43% -5.08% 9.18%
Goodwill $167.0M $166.6M $108.2M
YoY Change 3.92% 53.97% 153.99%
Intangibles $421.4M $427.0M $428.2M
YoY Change -7.89% -0.28%
Long-Term Investments $50.00M $54.00M $44.90M
YoY Change 21.36% 20.27% -31.66%
Other Assets $57.90M $59.50M $56.60M
YoY Change 0.35% 5.12% -5.03%
Total Long-Term Assets $1.388B $1.395B $1.310B
YoY Change -1.32% 6.43% 8.03%
TOTAL ASSETS
Total Short-Term Assets $321.9M $310.3M $323.3M
Total Long-Term Assets $1.388B $1.395B $1.310B
Total Assets $1.710B $1.705B $1.634B
YoY Change -0.49% 4.36% 8.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $105.8M $94.30M $69.00M
YoY Change 30.14% 36.67% -6.76%
Accrued Expenses $54.40M $46.30M $25.00M
YoY Change 70.53% 85.2% -15.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $25.00M $25.00M $25.00M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $209.6M $194.3M $132.3M
YoY Change 21.65% 46.86% -6.96%
LONG-TERM LIABILITIES
Long-Term Debt $606.4M $602.4M $675.3M
YoY Change -12.18% -10.8% 3.81%
Other Long-Term Liabilities $46.70M $55.20M $72.60M
YoY Change -38.95% -23.97% 76.21%
Total Long-Term Liabilities $980.7M $988.4M $1.059B
YoY Change -10.46% -6.65% 5.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $209.6M $194.3M $132.3M
Total Long-Term Liabilities $980.7M $988.4M $1.059B
Total Liabilities $1.190B $1.183B $1.191B
YoY Change -6.1% -0.71% 4.26%
SHAREHOLDERS EQUITY
Retained Earnings $1.011B $980.6M $857.1M
YoY Change 16.28% 14.41% -11.67%
Common Stock $561.9M $558.3M $553.2M
YoY Change 1.37% 0.92% 0.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $519.7M $522.2M $442.6M
YoY Change
Total Liabilities & Shareholders Equity $1.710B $1.705B $1.634B
YoY Change -0.49% 4.36% 8.21%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $41.90M $50.80M $54.00M
YoY Change 83.77% -5.93% -26.23%
Depreciation, Depletion And Amortization $22.20M $23.00M $24.10M
YoY Change -0.89% -4.56% 29.57%
Cash From Operating Activities $49.30M $56.00M $69.70M
YoY Change -29.97% -19.66% -17.42%
INVESTING ACTIVITIES
Capital Expenditures -$31.90M -$17.20M -$14.50M
YoY Change 42.41% 18.62% -14.2%
Acquisitions
YoY Change
Other Investing Activities $23.40M $18.60M -$48.00M
YoY Change -135.19% -138.75% 114.29%
Cash From Investing Activities -$8.500M $1.400M -$62.50M
YoY Change -90.44% -102.24% 59.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -37.00M -81.70M 14.20M
YoY Change -331.25% -675.35% -107.62%
NET CHANGE
Cash From Operating Activities 49.30M 56.00M 69.70M
Cash From Investing Activities -8.500M 1.400M -62.50M
Cash From Financing Activities -37.00M -81.70M 14.20M
Net Change In Cash 3.800M -24.30M 21.40M
YoY Change -252.0% -213.55% -115.15%
FREE CASH FLOW
Cash From Operating Activities $49.30M $56.00M $69.70M
Capital Expenditures -$31.90M -$17.20M -$14.50M
Free Cash Flow $81.20M $73.20M $84.20M
YoY Change -12.5% -13.06% -16.88%

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