2021 Q2 Form 10-Q Financial Statement

#000162828021016397 Filed on August 10, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $222.9M $184.3M $194.7M
YoY Change 20.97% 8.66% 9.66%
Cost Of Revenue $53.45M $36.71M $37.26M
YoY Change 45.62% 0.29% 14.29%
Gross Profit $169.5M $147.6M $157.4M
YoY Change 14.84% 10.99% 8.59%
Gross Profit Margin 76.02% 80.08% 80.86%
Selling, General & Admin $79.89M $55.10M $62.90M
YoY Change 45.0% -12.13% 6.97%
% of Gross Profit 47.14% 37.33% 39.95%
Research & Development $52.78M $44.22M $45.14M
YoY Change 19.35% -6.71% 1.43%
% of Gross Profit 31.14% 29.96% 28.67%
Depreciation & Amortization $10.28M $8.600M $8.050M
YoY Change 19.53% -44.16% 136.76%
% of Gross Profit 6.07% 5.83% 5.11%
Operating Expenses $137.3M $103.0M $111.5M
YoY Change 33.27% -9.26% 4.57%
Operating Profit $32.22M $44.59M $45.96M
YoY Change -27.74% 129.05% 20.03%
Interest Expense $2.582M $1.156M $1.690M
YoY Change 123.36% -152.55% -173.48%
% of Operating Profit 8.01% 2.59% 3.68%
Other Income/Expense, Net -$3.777M $405.0K -$7.390M
YoY Change -1032.59% -88.43% 39.43%
Pretax Income $25.99M $43.87M $37.18M
YoY Change -40.75% 110.9% 20.72%
Income Tax -$20.75M $4.264M $7.176M
% Of Pretax Income -79.81% 9.72% 19.3%
Net Earnings $44.91M $39.08M $29.67M
YoY Change 14.93% 95.57% 12.23%
Net Earnings / Revenue 20.15% 21.2% 15.24%
Basic Earnings Per Share $0.15 $0.14 $0.10
Diluted Earnings Per Share $0.14 $0.13 $0.10
COMMON SHARES
Basic Shares Outstanding 304.1M shares 286.9M shares 285.5M shares
Diluted Shares Outstanding 324.5M shares 295.2M shares 292.4M shares

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $131.2M $125.5M
YoY Change 4.51%
Cash & Equivalents $131.2M $125.5M $60.29M
Short-Term Investments
Other Short-Term Assets $58.97M $30.10M
YoY Change 95.92%
Inventory
Prepaid Expenses
Receivables $215.4M $162.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $405.5M $318.1M
YoY Change 27.47%
LONG-TERM ASSETS
Property, Plant & Equipment $84.04M $78.40M
YoY Change 7.19%
Goodwill $1.594B
YoY Change
Intangibles $262.2M
YoY Change
Long-Term Investments $6.870M $900.0K
YoY Change 663.33%
Other Assets $47.10M $82.00M
YoY Change -42.56%
Total Long-Term Assets $2.049B $741.1M
YoY Change 176.43%
TOTAL ASSETS
Total Short-Term Assets $405.5M $318.1M
Total Long-Term Assets $2.049B $741.1M
Total Assets $2.454B $1.059B
YoY Change 131.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.89M $19.30M
YoY Change -22.84%
Accrued Expenses $314.5M $180.3M
YoY Change 74.45%
Deferred Revenue $215.7M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $201.0K
YoY Change
Total Short-Term Liabilities $569.6M $393.9M
YoY Change 44.59%
LONG-TERM LIABILITIES
Long-Term Debt $1.270B $207.0M
YoY Change 513.45%
Other Long-Term Liabilities $21.33M $69.30M
YoY Change -69.22%
Total Long-Term Liabilities $1.291B $276.3M
YoY Change 367.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $569.6M $393.9M
Total Long-Term Liabilities $1.291B $276.3M
Total Liabilities $1.982B $679.4M
YoY Change 191.77%
SHAREHOLDERS EQUITY
Retained Earnings -$387.1M
YoY Change
Common Stock $2.812M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $471.8M $379.7M $351.0M
YoY Change
Total Liabilities & Shareholders Equity $2.454B $1.059B
YoY Change 131.7%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $44.91M $39.08M $29.67M
YoY Change 14.93% 95.57% 12.23%
Depreciation, Depletion And Amortization $10.28M $8.600M $8.050M
YoY Change 19.53% -44.16% 136.76%
Cash From Operating Activities $16.22M $63.60M $72.61M
YoY Change -74.49% -23.19%
INVESTING ACTIVITIES
Capital Expenditures -$2.050M -$5.500M $4.500M
YoY Change -62.73% -35.29%
Acquisitions $39.33M
YoY Change
Other Investing Activities -$945.3M -$28.30M $1.414M
YoY Change 3240.11% 191.75%
Cash From Investing Activities -$947.4M -$33.80M -$45.24M
YoY Change 2702.96% 85.71%
FINANCING ACTIVITIES
Cash Dividend Paid $7.802M
YoY Change
Common Stock Issuance & Retirement, Net $3.918M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 494.4M 33.30M -$85.89M
YoY Change 1384.71% -179.29%
NET CHANGE
Cash From Operating Activities 16.22M 63.60M $72.61M
Cash From Investing Activities -947.4M -33.80M -$45.24M
Cash From Financing Activities 494.4M 33.30M -$85.89M
Net Change In Cash -436.8M 63.10M -$60.81M
YoY Change -792.19% 179.2%
FREE CASH FLOW
Cash From Operating Activities $16.22M $63.60M $72.61M
Capital Expenditures -$2.050M -$5.500M $4.500M
Free Cash Flow $18.27M $69.10M $68.11M
YoY Change -73.56% -24.32%

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3000 USD
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UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
44907000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
39076000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
101913000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
68745000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
45748000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
39076000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
103343000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
68745000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
304066038 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
286945592 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
303311423 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
286068766 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
9389339 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
8241602 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
10388725 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
9526468 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
110355 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
112360 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
10912354 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
9281537 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
324478086 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
295187194 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
323094045 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
295595234 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
495368 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
495368 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares

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