2022 Q3 Form 10-Q Financial Statement

#000155837022011168 Filed on July 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $351.5M $365.9M $383.3M
YoY Change 12.42% 19.43% 48.07%
Cost Of Revenue $222.4M $228.0M $234.5M
YoY Change 14.33% 20.08% 40.82%
Gross Profit $129.1M $137.8M $148.8M
YoY Change 9.26% 18.38% 61.11%
Gross Profit Margin 36.72% 37.67% 38.83%
Selling, General & Admin $84.95M $85.41M $86.45M
YoY Change 24.85% 36.03% 45.29%
% of Gross Profit 65.8% 61.96% 58.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.786M $8.022M $7.498M
YoY Change 30.41% 30.4% 20.94%
% of Gross Profit 6.81% 5.82% 5.04%
Operating Expenses $84.95M $85.41M $86.45M
YoY Change 24.85% 36.03% 45.29%
Operating Profit $44.15M $52.43M $62.39M
YoY Change -11.9% -2.27% 89.86%
Interest Expense -$1.362M -$725.0K -$388.0K
YoY Change 17.21% -71.71% -81.52%
% of Operating Profit -3.08% -1.38% -0.62%
Other Income/Expense, Net -$273.0K -$126.0K
YoY Change -362.5% -226.0%
Pretax Income $42.79M $51.43M $61.88M
YoY Change -12.62% 0.47% 100.89%
Income Tax $10.73M $12.11M $17.16M
% Of Pretax Income 25.09% 23.55% 27.74%
Net Earnings $32.05M $39.32M $44.71M
YoY Change -15.34% -3.26% 82.12%
Net Earnings / Revenue 9.12% 10.75% 11.67%
Basic Earnings Per Share $1.08 $1.32
Diluted Earnings Per Share $1.06 $1.29 $1.470M
COMMON SHARES
Basic Shares Outstanding 29.81M 29.75M 29.67M
Diluted Shares Outstanding 30.31M 30.39M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.69M $16.01M $20.67M
YoY Change -50.22% -67.74% -71.72%
Cash & Equivalents $19.69M $16.01M $20.67M
Short-Term Investments
Other Short-Term Assets $42.98M $57.78M $6.661M
YoY Change 12.89% 188.11% 128.04%
Inventory $641.0M $534.4M $474.3M
Prepaid Expenses
Receivables $11.06M $9.240M $9.662M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $714.7M $617.4M $541.8M
YoY Change 62.04% 64.01% 44.7%
LONG-TERM ASSETS
Property, Plant & Equipment $204.3M $177.4M $155.2M
YoY Change 64.7% 54.88% 40.57%
Goodwill $197.5M $197.5M $197.5M
YoY Change 0.0% 0.0% 0.0%
Intangibles $60.78M $60.80M $60.81M
YoY Change -0.11% -0.12% -0.12%
Long-Term Investments
YoY Change
Other Assets $6.643M $3.488M $3.315M
YoY Change 66.49% -11.11% -4.38%
Total Long-Term Assets $771.2M $703.8M $658.0M
YoY Change 29.33% 22.61% 17.69%
TOTAL ASSETS
Total Short-Term Assets $714.7M $617.4M $541.8M
Total Long-Term Assets $771.2M $703.8M $658.0M
Total Assets $1.486B $1.321B $1.200B
YoY Change 43.23% 39.0% 28.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $171.1M $151.6M $131.4M
YoY Change 21.79% 36.76% 25.57%
Accrued Expenses $116.5M $119.2M $133.4M
YoY Change 20.18% 23.32% 71.88%
Deferred Revenue
YoY Change
Short-Term Debt $146.8M $74.87M $28.55M
YoY Change
Long-Term Debt Due $847.0K $830.0K $838.0K
YoY Change -32.62% -29.6% -30.17%
Total Short-Term Liabilities $481.4M $390.9M $336.5M
YoY Change 71.62% 57.08% 51.8%
LONG-TERM LIABILITIES
Long-Term Debt $15.74M $15.95M $16.16M
YoY Change -76.0% -74.53% -86.89%
Other Long-Term Liabilities $2.476M $2.382M $2.232M
YoY Change -37.01% -40.33% -34.81%
Total Long-Term Liabilities $2.476M $2.382M $2.232M
YoY Change -37.01% -40.33% -34.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $481.4M $390.9M $336.5M
Total Long-Term Liabilities $2.476M $2.382M $2.232M
Total Liabilities $812.0M $681.7M $600.2M
YoY Change 46.0% 33.5% 11.41%
SHAREHOLDERS EQUITY
Retained Earnings $476.8M $444.8M $405.5M
YoY Change 63.57% 75.34% 90.34%
Common Stock $3.000K $3.000K $3.000K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.359M $9.266M $4.858M
YoY Change 103.37% 109.16% 148.62%
Treasury Stock Shares $190.0K $188.0K $135.0K
Shareholders Equity $673.9M $639.5M $599.7M
YoY Change
Total Liabilities & Shareholders Equity $1.486B $1.321B $1.200B
YoY Change 43.23% 39.0% 28.52%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $32.05M $39.32M $44.71M
YoY Change -15.34% -3.26% 82.12%
Depreciation, Depletion And Amortization $8.786M $8.022M $7.498M
YoY Change 30.41% 30.4% 20.94%
Cash From Operating Activities -$36.37M -$25.77M -$101.7M
YoY Change -1681.26% -155.62% 14427.43%
INVESTING ACTIVITIES
Capital Expenditures -$31.62M $20.84M -$20.69M
YoY Change 144.07% 124.18% 161.95%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$31.62M -$20.84M -$20.69M
YoY Change 144.07% 124.18% 161.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 71.67M 41.94M 28.35M
YoY Change 12651.78% -169.28% 424.93%
NET CHANGE
Cash From Operating Activities -36.37M -25.77M -101.7M
Cash From Investing Activities -31.62M -20.84M -20.69M
Cash From Financing Activities 71.67M 41.94M 28.35M
Net Change In Cash 3.672M -4.660M -94.04M
YoY Change -136.37% -80.18% 2838.75%
FREE CASH FLOW
Cash From Operating Activities -$36.37M -$25.77M -$101.7M
Capital Expenditures -$31.62M $20.84M -$20.69M
Free Cash Flow -$4.745M -$46.60M -$81.00M
YoY Change -131.1% -225.84% -1224.97%

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CY2022Q2 boot Financial Assets Requiring Fair Value Measurements On Recurring Basis
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CY2022Q1 boot Finance And Operating Lease Liability
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CY2021Q2 us-gaap Finance Lease Interest Expense
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CY2022Q2 boot Finance Lease Cost
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CY2021Q2 us-gaap Operating Lease Cost
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CY2022Q2 us-gaap Finance Lease Liability Payments Due After Year Five
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CY2022Q2 us-gaap Short Term Lease Cost
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CY2021Q2 us-gaap Short Term Lease Cost
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CY2022Q2 us-gaap Variable Lease Cost
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CY2021Q2 us-gaap Variable Lease Cost
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CY2022Q2 us-gaap Lease Cost
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CY2021Q2 us-gaap Lease Cost
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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CY2022Q2 us-gaap Operating Lease Liability
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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