2022 Q3 Form 10-Q Financial Statement

#000170587322000061 Filed on August 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $262.2M $293.8M $255.9M
YoY Change 50.43% 196.01% 171.7%
Cost Of Revenue $122.8M $115.3M $101.1M
YoY Change 80.47% 129.4% 44.58%
Gross Profit $253.6M $137.8M -$6.977M
YoY Change 236.57% 181.35% -128.71%
Gross Profit Margin 96.74% 46.92% -2.73%
Selling, General & Admin $32.00M $35.51M $31.00M
YoY Change -4.63% 20.48% 1.99%
% of Gross Profit 12.62% 25.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.51M $38.06M $39.78M
YoY Change 10.04% 6.15% 17.54%
% of Gross Profit 15.58% 27.61%
Operating Expenses $72.13M $73.91M $74.55M
YoY Change -1.79% 13.08% 14.52%
Operating Profit $181.5M $63.93M -$81.53M
YoY Change 9387.35% -490.61% 99.82%
Interest Expense $7.867M $7.729M $7.675M
YoY Change 0.73% -5.94% -9.55%
% of Operating Profit 4.33% 12.09%
Other Income/Expense, Net -$7.891M -$7.771M -$7.688M
YoY Change 0.97% -5.52% -10.89%
Pretax Income $202.5M $45.50M -$60.16M
YoY Change 2131.15% -451.26% 177.27%
Income Tax $10.88M $2.145M -$3.351M
% Of Pretax Income 5.37% 4.71%
Net Earnings $191.7M $43.35M -$56.81M
YoY Change 1848.56% -436.57% 166.44%
Net Earnings / Revenue 73.11% 14.76% -22.2%
Basic Earnings Per Share $2.46 $0.54 -$0.71
Diluted Earnings Per Share $2.34 $0.52 -$0.71
COMMON SHARES
Basic Shares Outstanding 78.76M shares 79.60M shares 80.30M shares
Diluted Shares Outstanding 82.05M shares 83.02M shares 80.30M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.47M $52.50M $17.96M
YoY Change 8.68% -29.93% -81.56%
Cash & Equivalents $41.47M $52.50M $17.96M
Short-Term Investments
Other Short-Term Assets $226.0K $225.0K $1.084M
YoY Change 0.0% -0.44% 377.53%
Inventory $12.69M $11.30M $12.06M
Prepaid Expenses $20.36M $19.82M $19.70M
Receivables $93.64M $117.3M $112.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $181.9M $204.9M $166.5M
YoY Change 1.66% 15.72% -6.49%
LONG-TERM ASSETS
Property, Plant & Equipment $96.42M $98.31M $109.6M
YoY Change 63.64% 25.44% 39.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.89M $11.56M $5.040M
YoY Change -31.02% 129.59% -17.85%
Total Long-Term Assets $1.342B $1.325B $1.328B
YoY Change 7.31% 4.58% 5.52%
TOTAL ASSETS
Total Short-Term Assets $181.9M $204.9M $166.5M
Total Long-Term Assets $1.342B $1.325B $1.328B
Total Assets $1.524B $1.530B $1.495B
YoY Change 6.6% 5.94% 4.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.99M $19.42M $23.60M
YoY Change 69.93% 64.3% 4.88%
Accrued Expenses $70.04M $68.82M $63.03M
YoY Change 20.56% 22.4% 43.74%
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 $177.8M $261.7M $246.6M
YoY Change -8.38% 17.87% 15.99%
LONG-TERM LIABILITIES
Long-Term Debt $395.4M $395.1M $394.8M
YoY Change 0.29% 0.29% 0.28%
Other Long-Term Liabilities $31.84M $31.85M $23.69M
YoY Change 24.04% 430.09% 779.44%
Total Long-Term Liabilities $427.3M $427.0M $418.5M
YoY Change 1.74% 6.74% 5.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $177.8M $261.7M $246.6M
Total Long-Term Liabilities $427.3M $427.0M $418.5M
Total Liabilities $605.1M $688.7M $665.1M
YoY Change -1.46% 10.71% 9.21%
SHAREHOLDERS EQUITY
Retained Earnings $10.73M -$180.9M -$224.3M
YoY Change -106.09% -2.8% 29.45%
Common Stock $86.00K $86.00K $86.00K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $94.14M $75.20M $52.44M
YoY Change 79.53% 50.41% 4.88%
Treasury Stock Shares
Shareholders Equity $769.2M $640.8M $630.4M
YoY Change
Total Liabilities & Shareholders Equity $1.524B $1.530B $1.495B
YoY Change 6.6% 5.94% 4.03%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $191.7M $43.35M -$56.81M
YoY Change 1848.56% -436.57% 166.44%
Depreciation, Depletion And Amortization $39.51M $38.06M $39.78M
YoY Change 10.04% 6.15% 17.54%
Cash From Operating Activities $95.76M $111.2M $48.53M
YoY Change 327.53% 418.39% 26.28%
INVESTING ACTIVITIES
Capital Expenditures -$40.82M -$34.09M -$27.62M
YoY Change -16.43% -22.98% 17.03%
Acquisitions $18.93M
YoY Change
Other Investing Activities $6.576M -$4.777M -$8.940M
YoY Change -655.41% -227.62% -348.33%
Cash From Investing Activities -$34.24M -$38.86M -$36.56M
YoY Change -31.55% -4.31% 83.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -72.54M -37.84M -$9.293M
YoY Change 694.38% 1051.67% 450.53%
NET CHANGE
Cash From Operating Activities 95.76M 111.2M $48.53M
Cash From Investing Activities -34.24M -38.86M -$36.56M
Cash From Financing Activities -72.54M -37.84M -$9.293M
Net Change In Cash -11.02M 34.53M $2.677M
YoY Change -70.01% -253.91% -84.07%
FREE CASH FLOW
Cash From Operating Activities $95.76M $111.2M $48.53M
Capital Expenditures -$40.82M -$34.09M -$27.62M
Free Cash Flow $136.6M $145.3M $76.15M
YoY Change 91.72% 121.15% 22.76%

Facts In Submission

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us-gaap Interest Expense
InterestExpense
15404000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1206000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
77832000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-184123000 usd
us-gaap Derivative Cost Of Hedge Net Of Cash Received
DerivativeCostOfHedgeNetOfCashReceived
69780000 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-4122000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8222000 usd
bry Non Recurring Costs
NonRecurringCosts
198000 usd
bry Adjusted Ebitda
AdjustedEBITDA
205459000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
503000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
986000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
503000 usd
us-gaap Lease Cost
LeaseCost
986000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7150000 usd
CY2022Q2 bry Lease Right Of Use Asset
LeaseRightOfUseAsset
7150000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1762000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6017000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
7779000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1082000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1963000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1650000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1542000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1549000 usd
CY2022Q2 bry Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
934000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8720000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
941000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
7779000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1762000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6017000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1052000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7956000 usd

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