2023 Q3 Form 10-Q Financial Statement

#000162828023027804 Filed on August 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $151.7M $157.4M
YoY Change 12.38% 28.38%
Cost Of Revenue $29.90M $23.41M
YoY Change 11.34% -3.43%
Gross Profit $121.8M $134.0M
YoY Change 12.64% 36.22%
Gross Profit Margin 80.29% 85.13%
Selling, General & Admin $21.00M $21.50M
YoY Change -2.75% 5.08%
% of Gross Profit 17.24% 16.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.18M $10.26M
YoY Change 0.66% 0.86%
% of Gross Profit 8.36% 7.66%
Operating Expenses $70.00M $75.05M
YoY Change 3.26% 17.17%
Operating Profit $51.75M $58.95M
YoY Change 28.29% 71.77%
Interest Expense $11.69M $10.73M
YoY Change 59.47% 70.04%
% of Operating Profit 22.59% 18.2%
Other Income/Expense, Net -$10.64M -$7.220M
YoY Change 68.18% -11.53%
Pretax Income $41.11M $51.73M
YoY Change 20.87% 97.76%
Income Tax $9.547M $13.20M
% Of Pretax Income 23.22% 25.53%
Net Earnings $31.57M $38.52M
YoY Change 23.04% 93.08%
Net Earnings / Revenue 20.81% 24.47%
Basic Earnings Per Share $0.85 $1.04
Diluted Earnings Per Share $0.85 $1.04
COMMON SHARES
Basic Shares Outstanding 36.98M shares 36.98M shares
Diluted Shares Outstanding 37.07M shares 37.07M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.10M $5.683M
YoY Change 2.78% -69.99%
Cash & Equivalents $8.604M $1.026M
Short-Term Investments $1.500M $4.657M
Other Short-Term Assets $63.10M $55.76M
YoY Change 38.67% 27.92%
Inventory $16.20M $16.82M
Prepaid Expenses
Receivables $32.60M $27.00M
Other Receivables $0.00 $74.00K
Total Short-Term Assets $191.7M $168.9M
YoY Change 38.11% 21.54%
LONG-TERM ASSETS
Property, Plant & Equipment $1.850B $1.814B
YoY Change 7.7% 7.76%
Goodwill $1.116M $1.116M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.01M $14.83M
YoY Change -2.15% -3.48%
Total Long-Term Assets $2.014B $1.971B
YoY Change 9.21% 8.84%
TOTAL ASSETS
Total Short-Term Assets $191.7M $168.9M
Total Long-Term Assets $2.014B $1.971B
Total Assets $2.205B $2.140B
YoY Change 11.23% 9.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $71.83M $70.68M
YoY Change 2.64% -1.74%
Accrued Expenses $43.00M $36.96M
YoY Change 494.42% 647.65%
Deferred Revenue $596.0K $585.0K
YoY Change -52.43% 81.68%
Short-Term Debt $37.00M $0.00
YoY Change -84.49% -100.0%
Long-Term Debt Due $400.0K $414.0K
YoY Change 0.25% 5.08%
Total Short-Term Liabilities $195.0M $140.9M
YoY Change -47.74% -59.59%
LONG-TERM LIABILITIES
Long-Term Debt $575.5M $576.4M
YoY Change 28.79% 28.96%
Other Long-Term Liabilities $14.72M $14.61M
YoY Change 3.89% 3.88%
Total Long-Term Liabilities $590.2M $591.0M
YoY Change 28.03% 28.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $195.0M $140.9M
Total Long-Term Liabilities $590.2M $591.0M
Total Liabilities $785.2M $731.9M
YoY Change -5.87% -9.61%
SHAREHOLDERS EQUITY
Retained Earnings $508.5M $492.8M
YoY Change 14.13% 13.41%
Common Stock $262.9M $262.2M
YoY Change 1.1% 0.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $771.3M $755.1M
YoY Change
Total Liabilities & Shareholders Equity $2.205B $2.140B
YoY Change 11.23% 9.74%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $31.57M $38.52M
YoY Change 23.04% 93.08%
Depreciation, Depletion And Amortization $10.18M $10.26M
YoY Change 0.66% 0.86%
Cash From Operating Activities $38.70M $10.80M
YoY Change 17.17% -42.79%
INVESTING ACTIVITIES
Capital Expenditures $47.50M $39.31M
YoY Change -204.39% -195.0%
Acquisitions
YoY Change
Other Investing Activities $200.0K $655.0K
YoY Change 8.11% 4266.67%
Cash From Investing Activities -$47.40M -$38.66M
YoY Change 4.59% -6.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.20M 26.76M
YoY Change 335.02% 15.4%
NET CHANGE
Cash From Operating Activities 38.70M 10.80M
Cash From Investing Activities -47.40M -38.66M
Cash From Financing Activities 16.20M 26.76M
Net Change In Cash 7.500M -1.100M
YoY Change -187.55% -257.37%
FREE CASH FLOW
Cash From Operating Activities $38.70M $10.80M
Capital Expenditures $47.50M $39.31M
Free Cash Flow -$8.800M -$28.51M
YoY Change -111.21% -147.31%

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