2023 Q2 Form 10-Q Financial Statement

#000174707923000057 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $606.2M $598.7M $548.3M
YoY Change 9.72% 9.2% 185.16%
Cost Of Revenue $271.2M $270.0M $259.8M
YoY Change 8.3% 3.91% 291.34%
Gross Profit $335.0M $328.7M $288.4M
YoY Change 10.9% 13.97% 129.09%
Gross Profit Margin 55.26% 54.9% 52.61%
Selling, General & Admin $250.0M $251.6M $181.6M
YoY Change 37.56% 38.54% 125.61%
% of Gross Profit 74.62% 76.54% 62.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $79.19M $74.56M $78.88M
YoY Change 5.9% -5.48% 516.93%
% of Gross Profit 23.64% 22.68% 27.35%
Operating Expenses $250.0M $251.6M $181.6M
YoY Change 37.56% 38.54% 125.61%
Operating Profit $5.982M $376.7M $22.52M
YoY Change -92.99% 1572.88% -23.59%
Interest Expense $67.09M $63.26M $45.85M
YoY Change 45.93% 37.99% 120.44%
% of Operating Profit 1121.58% 16.79% 203.58%
Other Income/Expense, Net $6.811M $2.610M $6.207M
YoY Change 25.85% -57.95% 132.38%
Pretax Income -$54.30M $316.1M -$3.686M
YoY Change -183.62% -8675.09% -76.27%
Income Tax -$28.65M $137.7M -$5.575M
% Of Pretax Income 43.58%
Net Earnings -$25.65M $178.3M $1.889M
YoY Change -143.11% 9340.76% -117.65%
Net Earnings / Revenue -4.23% 29.79% 0.34%
Basic Earnings Per Share -$0.48 $3.28 $0.03
Diluted Earnings Per Share -$0.48 $3.24 $0.03
COMMON SHARES
Basic Shares Outstanding 46.15M shares 46.68M shares 60.02M shares
Diluted Shares Outstanding 53.94M shares 55.09M shares 60.12M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $183.6M $344.3M $160.8M
YoY Change 4.23% 114.13% 5.98%
Cash & Equivalents $183.6M $344.3M $160.8M
Short-Term Investments
Other Short-Term Assets $5.208M $8.170M $3.115M
YoY Change -3.93% 162.28% -94.47%
Inventory $15.37M $14.29M $13.58M
Prepaid Expenses
Receivables $65.60M $67.20M $49.39M
Other Receivables $58.22M $16.84M $131.2M
Total Short-Term Assets $527.8M $604.2M $510.9M
YoY Change 16.54% 18.26% 56.67%
LONG-TERM ASSETS
Property, Plant & Equipment $1.156B $1.112B $877.3M
YoY Change 40.87% 26.72% 16.41%
Goodwill $1.820B $1.795B $2.083B
YoY Change -7.63% -13.81% 618.82%
Intangibles $1.938B $1.968B $2.398B
YoY Change -16.1% -17.94% 229.83%
Long-Term Investments
YoY Change
Other Assets $129.0M $71.02M $21.42M
YoY Change 409.31% 231.53% 255.33%
Total Long-Term Assets $6.253B $6.156B $5.897B
YoY Change 8.13% 4.39% 225.32%
TOTAL ASSETS
Total Short-Term Assets $527.8M $604.2M $510.9M
Total Long-Term Assets $6.253B $6.156B $5.897B
Total Assets $6.781B $6.760B $6.408B
YoY Change 8.74% 5.5% 199.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $78.07M $58.56M $83.17M
YoY Change 9.32% -29.58% 250.44%
Accrued Expenses $467.6M $454.7M $352.7M
YoY Change 36.45% 28.93% 167.5%
Deferred Revenue $64.01M $66.48M $56.66M
YoY Change 8.54% 17.33%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $29.45M $19.45M $19.45M
YoY Change 51.41% 0.0% 238.26%
Total Short-Term Liabilities $678.6M $658.0M $528.8M
YoY Change 34.36% 24.43% 224.59%
LONG-TERM LIABILITIES
Long-Term Debt $3.318B $3.315B $3.449B
YoY Change -0.57% -3.88% 205.6%
Other Long-Term Liabilities $70.83M $75.46M $10.09M
YoY Change 540.44% 647.81% -32.19%
Total Long-Term Liabilities $3.389B $3.391B $3.459B
YoY Change 1.22% -1.98% 202.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $678.6M $658.0M $528.8M
Total Long-Term Liabilities $3.389B $3.391B $3.459B
Total Liabilities $5.742B $5.739B $4.857B
YoY Change 19.18% 18.16% 188.39%
SHAREHOLDERS EQUITY
Retained Earnings -$351.6M -$340.8M -$144.0M
YoY Change 315.96% 136.6% -697.99%
Common Stock $456.0K $457.0K $525.0K
YoY Change -13.14% -12.95% 65.09%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change -100.0%
Treasury Stock Shares 0.000 shares 0.000 shares
Shareholders Equity $1.039B $1.021B $1.547B
YoY Change
Total Liabilities & Shareholders Equity $6.781B $6.760B $6.408B
YoY Change 8.74% 5.5% 199.61%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$25.65M $178.3M $1.889M
YoY Change -143.11% 9340.76% -117.65%
Depreciation, Depletion And Amortization $79.19M $74.56M $78.88M
YoY Change 5.9% -5.48% 516.93%
Cash From Operating Activities $79.61M -$16.11M $20.81M
YoY Change -44.61% -177.42% -19.56%
INVESTING ACTIVITIES
Capital Expenditures $75.87M $43.68M $54.52M
YoY Change 23.23% -19.88% 255.69%
Acquisitions $38.24M $0.00
YoY Change -100.0%
Other Investing Activities -$4.343M $400.0K $123.0K
YoY Change -102.99% 225.2% -88.56%
Cash From Investing Activities -$95.66M $319.6M -$71.96M
YoY Change -693.39% -544.22% 149.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $13.29M
YoY Change
Debt Paid & Issued, Net $152.5M $84.86M
YoY Change 79.68% 5801.46%
Cash From Financing Activities -951.0K -$173.6M $4.405M
YoY Change -99.35% -4040.25% -86.17%
NET CHANGE
Cash From Operating Activities 79.61M -$16.11M $20.81M
Cash From Investing Activities -95.66M $319.6M -$71.96M
Cash From Financing Activities -951.0K -$173.6M $4.405M
Net Change In Cash -17.00M $131.7M -$51.17M
YoY Change -215.96% -357.33% -276.96%
FREE CASH FLOW
Cash From Operating Activities $79.61M -$16.11M $20.81M
Capital Expenditures $75.87M $43.68M $54.52M
Free Cash Flow $3.743M -$59.79M -$33.71M
YoY Change -95.44% 77.39% -419.7%

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CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2023Q1 baly Contractual Obligation Term
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CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q1 us-gaap Income Tax Expense Benefit
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CY2023Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Net Income Loss
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CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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1889000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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54420000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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60017000 shares
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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669000 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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103000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q1 us-gaap Earnings Per Share Basic
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3.28
CY2022Q1 us-gaap Earnings Per Share Basic
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CY2023Q1 us-gaap Earnings Per Share Diluted
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CY2022Q1 us-gaap Earnings Per Share Diluted
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CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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5094394 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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4801394 shares

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