2021 Q1 Form 10-Q Financial Statement

#000105690321000042 Filed on May 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $117.1M $109.1M
YoY Change 7.32% 7.22%
Cost Of Revenue $20.60M $19.00M
YoY Change 8.42% 3.26%
Gross Profit $96.50M $90.10M
YoY Change 7.1% 8.16%
Gross Profit Margin 82.44% 82.6%
Selling, General & Admin $22.10M $23.00M
YoY Change -3.91% 5.99%
% of Gross Profit 22.9% 25.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.560M $8.811M
YoY Change 8.5% -18.66%
% of Gross Profit 9.91% 9.78%
Operating Expenses $66.10M $64.40M
YoY Change 2.64% -21.02%
Operating Profit $30.33M $25.70M
YoY Change 18.02% 27.25%
Interest Expense $6.258M $6.050M
YoY Change 3.44% -4.23%
% of Operating Profit 20.63% 23.54%
Other Income/Expense, Net -$5.147M -$7.726M
YoY Change -33.38% 91.57%
Pretax Income $25.18M $17.97M
YoY Change 40.11% 11.21%
Income Tax $5.914M $3.901M
% Of Pretax Income 23.49% 21.7%
Net Earnings $19.27M $14.07M
YoY Change 36.92% 9.49%
Net Earnings / Revenue 16.46% 12.9%
Basic Earnings Per Share $0.52 $0.38
Diluted Earnings Per Share $0.52 $0.38
COMMON SHARES
Basic Shares Outstanding 36.90M shares 36.86M shares
Diluted Shares Outstanding 36.99M shares 36.97M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.000M $400.0K
YoY Change 1650.0% -77.78%
Cash & Equivalents $6.951M $429.0K
Short-Term Investments
Other Short-Term Assets $45.20M $49.90M
YoY Change -9.42% 12.13%
Inventory $8.800M $7.300M
Prepaid Expenses
Receivables $22.02M $24.60M
Other Receivables $100.0K $2.400M
Total Short-Term Assets $118.9M $127.4M
YoY Change -6.67% 9.1%
LONG-TERM ASSETS
Property, Plant & Equipment $1.542B $1.432B
YoY Change 7.68% 8.06%
Goodwill $1.116M $1.116M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.55M $7.699M
YoY Change 37.07% 43.5%
Total Long-Term Assets $1.674B $1.533B
YoY Change 9.16% 8.81%
TOTAL ASSETS
Total Short-Term Assets $118.9M $127.4M
Total Long-Term Assets $1.674B $1.533B
Total Assets $1.793B $1.661B
YoY Change 7.94% 8.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $57.36M $43.52M
YoY Change 31.81% -18.21%
Accrued Expenses $7.277M $6.423M
YoY Change 13.3% -1.06%
Deferred Revenue $1.049M $10.68M
YoY Change -90.17% 2.39%
Short-Term Debt $0.00 $32.00M
YoY Change -100.0%
Long-Term Debt Due $400.0K $300.0K
YoY Change 33.33% -7.98%
Total Short-Term Liabilities $113.0M $132.5M
YoY Change -14.72% 23.13%
LONG-TERM LIABILITIES
Long-Term Debt $440.3M $281.0M
YoY Change 56.72% -0.04%
Other Long-Term Liabilities $15.64M $14.01M
YoY Change 11.7% 27.96%
Total Long-Term Liabilities $456.0M $295.0M
YoY Change 54.58% 1.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $113.0M $132.5M
Total Long-Term Liabilities $456.0M $295.0M
Total Liabilities $569.0M $427.5M
YoY Change 33.1% 6.97%
SHAREHOLDERS EQUITY
Retained Earnings $391.9M $348.7M
YoY Change 12.37%
Common Stock $257.5M $255.8M
YoY Change 0.66% 0.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $649.4M $604.6M
YoY Change
Total Liabilities & Shareholders Equity $1.793B $1.661B
YoY Change 7.94% 8.83%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $19.27M $14.07M
YoY Change 36.92% 9.49%
Depreciation, Depletion And Amortization $9.560M $8.811M
YoY Change 8.5% -18.66%
Cash From Operating Activities $24.68M $15.65M
YoY Change 57.63% -46.72%
INVESTING ACTIVITIES
Capital Expenditures $37.09M $33.54M
YoY Change 10.58% -17.3%
Acquisitions
YoY Change
Other Investing Activities -$113.0K -$167.0K
YoY Change -32.34% -21.6%
Cash From Investing Activities -$36.98M -$33.38M
YoY Change 10.79% -17.28%
FINANCING ACTIVITIES
Cash Dividend Paid $12.36M $11.24M
YoY Change 9.95% 11.16%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $99.00K $92.00K
YoY Change 7.61% -99.77%
Cash From Financing Activities -$17.48M $16.82M
YoY Change -203.95% 196.51%
NET CHANGE
Cash From Operating Activities $24.68M $15.65M
Cash From Investing Activities -$36.98M -$33.38M
Cash From Financing Activities -$17.48M $16.82M
Net Change In Cash -$29.79M -$905.0K
YoY Change 3191.27% -82.91%
FREE CASH FLOW
Cash From Operating Activities $24.68M $15.65M
Capital Expenditures $37.09M $33.54M
Free Cash Flow -$12.42M -$17.89M
YoY Change -30.59% 59.99%

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CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
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CY2021Q1 us-gaap Stock Issued During Period Shares New Issues
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CY2021Q1 awr Weighted Average Dividends Common Stock
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CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2021Q1 us-gaap Site Contingency Recovery From Third Party Of Environmental Remediation Cost
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1500000 USD
CY2021Q1 awr Termestimatefortheenvironmentalcleanup
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P2Y
CY2021Q1 us-gaap Revenues
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CY2021Q1 us-gaap Operating Income Loss
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CY2021Q1 us-gaap Interest Income Expense Nonoperating Net
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CY2021Q1 us-gaap Depreciation Depletion And Amortization
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CY2021Q1 us-gaap Income Tax Expense Benefit
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5914000 USD
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CY2020Q1 us-gaap Revenues
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CY2021Q1 us-gaap Property Plant And Equipment Net
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CY2021Q1 us-gaap Property Plant And Equipment Net
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CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1432397000 USD
CY2020Q1 awr Assets Other Than Property Plant And Equipment Net
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228492000 USD
CY2021Q1 us-gaap Assets
Assets
1792821000 USD
CY2020Q1 us-gaap Assets
Assets
1660889000 USD
CY2020Q3 awr Restructuring And Related Costs Gain Loss On Transfer
RestructuringAndRelatedCostsGainLossOnTransfer
0 USD

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