2022 Q1 Form 10-Q Financial Statement

#000105690322000049 Filed on May 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $108.6M $117.1M
YoY Change -7.25% 7.32%
Cost Of Revenue $25.39M $20.60M
YoY Change 23.24% 8.42%
Gross Profit $83.18M $96.50M
YoY Change -13.8% 7.1%
Gross Profit Margin 76.62% 82.44%
Selling, General & Admin $22.97M $22.10M
YoY Change 3.95% -3.91%
% of Gross Profit 27.62% 22.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.11M $9.560M
YoY Change 5.79% 8.5%
% of Gross Profit 12.16% 9.91%
Operating Expenses $58.82M $66.10M
YoY Change -11.02% 2.64%
Operating Profit $24.37M $30.33M
YoY Change -19.66% 18.02%
Interest Expense $5.606M $6.258M
YoY Change -10.42% 3.44%
% of Operating Profit 23.01% 20.63%
Other Income/Expense, Net -$5.742M -$5.147M
YoY Change 11.56% -33.38%
Pretax Income $18.62M $25.18M
YoY Change -26.05% 40.11%
Income Tax $4.461M $5.914M
% Of Pretax Income 23.95% 23.49%
Net Earnings $14.16M $19.27M
YoY Change -26.5% 36.92%
Net Earnings / Revenue 13.04% 16.46%
Basic Earnings Per Share $0.38 $0.52
Diluted Earnings Per Share $0.38 $0.52
COMMON SHARES
Basic Shares Outstanding 36.94M shares 36.90M shares
Diluted Shares Outstanding 37.02M shares 36.99M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.15M $7.000M
YoY Change 144.94% 1650.0%
Cash & Equivalents $10.13M $6.951M
Short-Term Investments $7.020M
Other Short-Term Assets $45.78M $45.20M
YoY Change 1.28% -9.42%
Inventory $11.94M $8.800M
Prepaid Expenses
Receivables $23.35M $22.02M
Other Receivables $45.00K $100.0K
Total Short-Term Assets $130.9M $118.9M
YoY Change 10.04% -6.67%
LONG-TERM ASSETS
Property, Plant & Equipment $1.650B $1.542B
YoY Change 6.97% 7.68%
Goodwill $1.116M $1.116M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.45M $10.55M
YoY Change 46.43% 37.07%
Total Long-Term Assets $1.783B $1.674B
YoY Change 6.52% 9.16%
TOTAL ASSETS
Total Short-Term Assets $130.9M $118.9M
Total Long-Term Assets $1.783B $1.674B
Total Assets $1.914B $1.793B
YoY Change 6.76% 7.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.49M $57.36M
YoY Change 17.66% 31.81%
Accrued Expenses $6.320M $7.277M
YoY Change -13.15% 13.3%
Deferred Revenue $210.0K $1.049M
YoY Change -79.98% -90.17%
Short-Term Debt $32.00M $0.00
YoY Change -100.0%
Long-Term Debt Due $382.0K $400.0K
YoY Change -4.5% 33.33%
Total Short-Term Liabilities $160.2M $113.0M
YoY Change 41.72% -14.72%
LONG-TERM LIABILITIES
Long-Term Debt $412.2M $440.3M
YoY Change -6.4% 56.72%
Other Long-Term Liabilities $13.97M $15.64M
YoY Change -10.71% 11.7%
Total Long-Term Liabilities $426.1M $456.0M
YoY Change -6.55% 54.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $160.2M $113.0M
Total Long-Term Liabilities $426.1M $456.0M
Total Liabilities $586.3M $569.0M
YoY Change 3.04% 33.1%
SHAREHOLDERS EQUITY
Retained Earnings $428.1M $391.9M
YoY Change 9.26% 12.37%
Common Stock $259.3M $257.5M
YoY Change 0.68% 0.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $687.4M $649.4M
YoY Change
Total Liabilities & Shareholders Equity $1.914B $1.793B
YoY Change 6.76% 7.94%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $14.16M $19.27M
YoY Change -26.5% 36.92%
Depreciation, Depletion And Amortization $10.11M $9.560M
YoY Change 5.79% 8.5%
Cash From Operating Activities $38.03M $24.68M
YoY Change 54.1% 57.63%
INVESTING ACTIVITIES
Capital Expenditures $35.17M $37.09M
YoY Change -5.18% 10.58%
Acquisitions
YoY Change
Other Investing Activities -$121.0K -$113.0K
YoY Change 7.08% -32.34%
Cash From Investing Activities -$35.05M -$36.98M
YoY Change -5.22% 10.79%
FINANCING ACTIVITIES
Cash Dividend Paid $13.49M $12.36M
YoY Change 9.09% 9.95%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $103.0K $99.00K
YoY Change 4.04% 7.61%
Cash From Financing Activities $2.186M -$17.48M
YoY Change -112.5% -203.95%
NET CHANGE
Cash From Operating Activities $38.03M $24.68M
Cash From Investing Activities -$35.05M -$36.98M
Cash From Financing Activities $2.186M -$17.48M
Net Change In Cash $5.163M -$29.79M
YoY Change -117.33% 3191.27%
FREE CASH FLOW
Cash From Operating Activities $38.03M $24.68M
Capital Expenditures $35.17M $37.09M
Free Cash Flow $2.856M -$12.42M
YoY Change -123.0% -30.59%

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CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022Q1 us-gaap Site Contingency Recovery From Third Party Of Environmental Remediation Cost
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1500000 USD
CY2022Q1 awr Termestimatefortheenvironmentalcleanup
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P2Y
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CY2022Q1 us-gaap Operating Income Loss
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CY2022Q1 us-gaap Interest Income Expense Nonoperating Net
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CY2022Q1 us-gaap Property Plant And Equipment Net
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CY2022Q1 us-gaap Income Tax Expense Benefit
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CY2021Q1 us-gaap Operating Income Loss
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CY2021Q1 us-gaap Income Tax Expense Benefit
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CY2021Q1 us-gaap Property Plant And Equipment Additions
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CY2022Q1 us-gaap Property Plant And Equipment Net
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CY2022Q1 us-gaap Property Plant And Equipment Net
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1649859000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1542423000 USD
CY2022Q1 awr Assets Other Than Property Plant And Equipment Net
AssetsOtherThanPropertyPlantAndEquipmentNet
264073000 USD
CY2021Q1 awr Assets Other Than Property Plant And Equipment Net
AssetsOtherThanPropertyPlantAndEquipmentNet
250398000 USD
CY2022Q1 us-gaap Assets
Assets
1913932000 USD
CY2021Q1 us-gaap Assets
Assets
1792821000 USD

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