2020 Q4 Form 10-Q Financial Statement

#000170587320000054 Filed on November 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $61.40M $89.75M $194.7M
YoY Change -48.01% -53.9% 36.18%
Cost Of Revenue $55.00M $49.50M $54.70M
YoY Change -14.46% -9.51% -5.36%
Gross Profit $6.300M $40.30M $139.9M
YoY Change -88.29% -71.19% 64.2%
Gross Profit Margin 10.26% 44.9% 71.86%
Selling, General & Admin $33.20M $31.20M $28.10M
YoY Change 9.93% 11.03% 14.69%
% of Gross Profit 526.98% 77.42% 20.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.50M $35.91M $27.66M
YoY Change 1.33% 29.79% 27.31%
% of Gross Profit 484.13% 89.09% 19.77%
Operating Expenses $66.70M $68.70M $55.90M
YoY Change 10.61% 22.9% 21.0%
Operating Profit -$60.40M -$28.40M $84.00M
YoY Change 829.23% -133.81% 115.38%
Interest Expense -$12.20M $8.391M $8.597M
YoY Change 171.11% -2.4% -12.96%
% of Operating Profit 10.23%
Other Income/Expense, Net $0.00 -$8.394M -$8.674M
YoY Change -3.23% -8.98%
Pretax Income -$72.60M -$21.05M $72.82M
YoY Change 15.61% -128.91% 63.02%
Income Tax -$8.800M -$2.190M $20.17M
% Of Pretax Income 27.7%
Net Earnings -$63.80M -$18.86M $52.65M
YoY Change 811.43% -135.83% 42.35%
Net Earnings / Revenue -103.91% -21.02% 27.04%
Basic Earnings Per Share -$0.24 $0.65
Diluted Earnings Per Share -$798.5K -$0.24 $0.65
COMMON SHARES
Basic Shares Outstanding 79.93M shares 79.88M shares 80.98M shares
Diluted Shares Outstanding 79.88M shares 81.05M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $80.60M $47.60M $0.00
YoY Change -100.0%
Cash & Equivalents $80.56M $47.62M $0.00
Short-Term Investments
Other Short-Term Assets $652.0K $652.0K $466.0K
YoY Change -22.93% 39.91% -62.05%
Inventory $15.20M $15.10M $11.30M
Prepaid Expenses $3.580M $4.526M $4.533M
Receivables $52.03M $48.80M $63.67M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $154.5M $174.4M $130.0M
YoY Change 53.83% 34.11% 26.37%
LONG-TERM ASSETS
Property, Plant & Equipment $80.78M $82.17M $109.1M
YoY Change -26.34% -24.7% 4.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.235M $9.297M $14.07M
YoY Change -44.23% -33.91% -23.28%
Total Long-Term Assets $1.265B $1.272B $1.636B
YoY Change -20.41% -22.22% 13.84%
TOTAL ASSETS
Total Short-Term Assets $154.5M $174.4M $130.0M
Total Long-Term Assets $1.265B $1.272B $1.636B
Total Assets $1.420B $1.446B $1.766B
YoY Change -16.0% -18.07% 14.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.10M $6.600M $14.10M
YoY Change -56.47% -53.19% 34.29%
Accrued Expenses $43.45M $45.84M $59.58M
YoY Change -23.87% -23.06% 8.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $175.3M $95.57M $148.9M
YoY Change 11.93% -35.81% 3.21%
LONG-TERM LIABILITIES
Long-Term Debt $393.5M $393.2M $402.3M
YoY Change -0.21% -2.25% 2.75%
Other Long-Term Liabilities $785.0K $36.15M $29.19M
YoY Change -97.66% 23.85% 86.9%
Total Long-Term Liabilities $394.3M $429.4M $431.5M
YoY Change -7.86% -0.49% 5.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $175.3M $95.57M $148.9M
Total Long-Term Liabilities $394.3M $429.4M $431.5M
Total Liabilities $569.6M $524.9M $580.4M
YoY Change -2.56% -9.55% 5.26%
SHAREHOLDERS EQUITY
Retained Earnings -$151.9M -$88.10M $137.1M
YoY Change -226.05% -164.28% -2490.36%
Common Stock $85.00K $85.00K $85.00K
YoY Change 0.0% 0.0% 4.94%
Preferred Stock
YoY Change
Treasury Stock (at cost) $50.00M $50.00M $39.23M
YoY Change 0.0% 27.46% 93.56%
Treasury Stock Shares
Shareholders Equity $714.0M $774.6M $997.3M
YoY Change
Total Liabilities & Shareholders Equity $1.420B $1.446B $1.766B
YoY Change -16.0% -18.07% 14.68%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$63.80M -$18.86M $52.65M
YoY Change 811.43% -135.83% 42.35%
Depreciation, Depletion And Amortization $30.50M $35.91M $27.66M
YoY Change 1.33% 29.79% 27.31%
Cash From Operating Activities $52.10M $58.00M $65.30M
YoY Change -39.42% -11.18% 14.96%
INVESTING ACTIVITIES
Capital Expenditures -$18.10M -$5.900M -$61.20M
YoY Change -74.22% -90.36% 51.49%
Acquisitions
YoY Change
Other Investing Activities -$1.100M -$3.100M $1.000M
YoY Change -108.59% -410.0% 150.0%
Cash From Investing Activities -$19.10M -$9.000M -$60.30M
YoY Change -66.67% -85.07% 50.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -100.0K -1.400M -5.300M
YoY Change -99.65% -73.58% -67.48%
NET CHANGE
Cash From Operating Activities 52.10M 58.00M 65.30M
Cash From Investing Activities -19.10M -9.000M -60.30M
Cash From Financing Activities -100.0K -1.400M -5.300M
Net Change In Cash 32.90M 47.60M -300.0K
YoY Change -441576325120000200.0% -15966.67% -175.0%
FREE CASH FLOW
Cash From Operating Activities $52.10M $58.00M $65.30M
Capital Expenditures -$18.10M -$5.900M -$61.20M
Free Cash Flow $70.20M $63.90M $126.5M
YoY Change -55.06% -49.49% 30.14%

Facts In Submission

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0 shares
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
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bry Revenue With Customers Payment Term
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019Q3 us-gaap Revenues
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us-gaap Revenues
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us-gaap Revenues
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CY2020Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2019Q4 us-gaap Unrecognized Tax Benefits
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CY2020Q2 us-gaap Asset Retirement Obligation Liabilities Incurred
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CY2020Q2 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
6000000 USD

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