2021 Q3 Form 10-K Financial Statement

#000156459021058692 Filed on November 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 2020 Q3
Revenue $904.0M $3.409B $659.0M
YoY Change 37.18% 30.41% -20.31%
Cost Of Revenue $724.0M $2.603B $521.0M
YoY Change 38.96% 23.48% -20.34%
Gross Profit $180.0M $806.0M $138.0M
YoY Change 30.43% 59.29% -19.3%
Gross Profit Margin 19.91% 23.64% 20.94%
Selling, General & Admin $88.00M $286.0M $60.00M
YoY Change 46.67% 24.89% -27.71%
% of Gross Profit 48.89% 35.48% 43.48%
Research & Development $15.00M $55.00M $16.00M
YoY Change -6.25% -3.51% 23.08%
% of Gross Profit 8.33% 6.82% 11.59%
Depreciation & Amortization $43.00M $160.0M $41.00M
YoY Change 4.88% 1.27% 7.89%
% of Gross Profit 23.89% 19.85% 29.71%
Operating Expenses $103.0M $341.0M $76.00M
YoY Change 35.53% 19.23% -20.83%
Operating Profit $77.00M $465.0M $62.00M
YoY Change 24.19% 111.36% -17.33%
Interest Expense -$10.00M -$41.00M -$11.00M
YoY Change -9.09% -8.89% -15.38%
% of Operating Profit -12.99% -8.82% -17.74%
Other Income/Expense, Net $2.000M -$7.000M -$3.000M
YoY Change -166.67% -22.22% -160.0%
Pretax Income $66.00M $406.0M -$84.00M
YoY Change -178.57% -248.18% -225.37%
Income Tax $30.00M $123.0M $183.0M
% Of Pretax Income 45.45% 30.3%
Net Earnings $29.00M $250.0M -$272.0M
YoY Change -110.66% -205.04% -924.24%
Net Earnings / Revenue 3.21% 7.33% -41.27%
Basic Earnings Per Share $4.35
Diluted Earnings Per Share $510.6K $4.34 -$4.831M
COMMON SHARES
Basic Shares Outstanding 56.70M
Diluted Shares Outstanding 56.80M

Balance Sheet

Concept 2021 Q3 2021 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $168.0M $168.0M $151.0M
YoY Change 11.26% 11.26% -10.65%
Cash & Equivalents $168.0M $168.0M $151.0M
Short-Term Investments
Other Short-Term Assets $89.00M $89.00M $50.00M
YoY Change 78.0% 78.0% 11.11%
Inventory $523.0M $523.0M $359.0M
Prepaid Expenses
Receivables $645.0M $645.0M $418.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.425B $1.425B $978.0M
YoY Change 45.71% 45.71% -19.17%
LONG-TERM ASSETS
Property, Plant & Equipment $1.376B $1.466B $1.314B
YoY Change 4.72% 3.82% -2.52%
Goodwill $140.0M $134.0M
YoY Change 4.48% 48.89%
Intangibles
YoY Change
Long-Term Investments $40.00M $40.00M $39.00M
YoY Change 2.56% 2.56% 0.0%
Other Assets $172.0M $135.0M $115.0M
YoY Change 49.57% 17.39% 98.28%
Total Long-Term Assets $1.881B $1.881B $1.803B
YoY Change 4.33% 4.33% 0.5%
TOTAL ASSETS
Total Short-Term Assets $1.425B $1.425B $978.0M
Total Long-Term Assets $1.881B $1.881B $1.803B
Total Assets $3.306B $3.306B $2.781B
YoY Change 18.88% 18.88% -7.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $480.0M $480.0M $316.0M
YoY Change 51.9% 51.9% -18.97%
Accrued Expenses $14.00M $89.00M $32.60M
YoY Change -57.06% 45.9%
Deferred Revenue
YoY Change
Short-Term Debt $72.00M $72.00M $14.00M
YoY Change 414.29% 414.29% -57.58%
Long-Term Debt Due $373.0M $373.0M $7.000M
YoY Change 5228.57% 5228.57% 0.0%
Total Short-Term Liabilities $1.147B $1.147B $529.0M
YoY Change 116.82% 116.82% -11.69%
LONG-TERM LIABILITIES
Long-Term Debt $717.0M $717.0M $1.094B
YoY Change -34.46% -34.46% 6.84%
Other Long-Term Liabilities $279.0M $279.0M $286.0M
YoY Change -2.45% -2.45% 38.83%
Total Long-Term Liabilities $996.0M $996.0M $1.380B
YoY Change -27.83% -27.83% 12.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.147B $1.147B $529.0M
Total Long-Term Liabilities $996.0M $996.0M $1.380B
Total Liabilities $2.143B $2.359B $2.090B
YoY Change 2.54% 12.87% 14.27%
SHAREHOLDERS EQUITY
Retained Earnings $1.159B $989.0M
YoY Change 17.19% -26.03%
Common Stock $81.00M $57.00M
YoY Change 42.11% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $947.0M $947.0M $691.0M
YoY Change
Total Liabilities & Shareholders Equity $3.306B $3.306B $2.781B
YoY Change 18.88% 18.88% -7.42%

Cashflow Statement

Concept 2021 Q3 2021 2020 Q3
OPERATING ACTIVITIES
Net Income $29.00M $250.0M -$272.0M
YoY Change -110.66% -205.04% -924.24%
Depreciation, Depletion And Amortization $43.00M $160.0M $41.00M
YoY Change 4.88% 1.27% 7.89%
Cash From Operating Activities $100.0M $257.0M $99.00M
YoY Change 1.01% -31.83% -49.75%
INVESTING ACTIVITIES
Capital Expenditures -$80.00M -$195.0M -$38.00M
YoY Change 110.53% -2.5% -44.93%
Acquisitions
YoY Change
Other Investing Activities $4.000M -$9.000M $2.000M
YoY Change 100.0% 125.0% -75.0%
Cash From Investing Activities -$76.00M -$186.0M -$36.00M
YoY Change 111.11% -35.42% -40.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$3.000M
YoY Change -107.32%
Debt Paid & Issued, Net $222.0M
YoY Change -45.85%
Cash From Financing Activities -12.00M -60.00M -95.00M
YoY Change -87.37% -54.55% 5.56%
NET CHANGE
Cash From Operating Activities 100.0M 257.0M 99.00M
Cash From Investing Activities -76.00M -186.0M -36.00M
Cash From Financing Activities -12.00M -60.00M -95.00M
Net Change In Cash 12.00M 19.00M -32.00M
YoY Change -137.5% -205.56% -169.57%
FREE CASH FLOW
Cash From Operating Activities $100.0M $257.0M $99.00M
Capital Expenditures -$80.00M -$195.0M -$38.00M
Free Cash Flow $180.0M $452.0M $137.0M
YoY Change 31.39% -21.66% -48.5%

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CY2021Q3 us-gaap Recorded Unconditional Purchase Obligation Due After Fifth Year
RecordedUnconditionalPurchaseObligationDueAfterFifthYear
1786000000
CY2021Q3 us-gaap Recorded Unconditional Purchase Obligation
RecordedUnconditionalPurchaseObligation
2790000000
CY2021 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
7000000
CY2021 us-gaap Longterm Purchase Commitment Period
LongtermPurchaseCommitmentPeriod
P5Y
CY2020 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
1000000
CY2019 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
1000000
CY2021 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
37000000
CY2020 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
37000000
CY2019 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
10000000
CY2021 us-gaap Revenues
Revenues
3409000000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
160000000
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3000000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
406000000
CY2021 cbt Expenditures For Additions To Long Lived Assets
ExpendituresForAdditionsToLongLivedAssets
198000000
CY2020 us-gaap Revenues
Revenues
2614000000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
158000000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3000000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-33000000
CY2020Q3 us-gaap Assets
Assets
2781000000
CY2020 cbt Expenditures For Additions To Long Lived Assets
ExpendituresForAdditionsToLongLivedAssets
169000000
CY2019 us-gaap Revenues
Revenues
3337000000
CY2019 us-gaap Revenues
Revenues
3337000000
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1376000000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
148000000
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1000000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
255000000
CY2019Q3 us-gaap Assets
Assets
3004000000
CY2019 cbt Expenditures For Additions To Long Lived Assets
ExpendituresForAdditionsToLongLivedAssets
247000000
CY2021 cbt Percentage Of Sale Of Equity Method Affiliates
PercentageOfSaleOfEquityMethodAffiliates
1
CY2020 cbt Percentage Of Sale Of Equity Method Affiliates
PercentageOfSaleOfEquityMethodAffiliates
1
CY2019 cbt Percentage Of Sale Of Equity Method Affiliates
PercentageOfSaleOfEquityMethodAffiliates
1
CY2021 us-gaap Revenues
Revenues
3409000000
CY2020 us-gaap Revenues
Revenues
2614000000
CY2021 us-gaap Revenues
Revenues
3409000000
CY2020 us-gaap Revenues
Revenues
2614000000
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1314000000

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