2021 Q4 Form 10-Q Financial Statement

#000172308921000142 Filed on October 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $822.1M $818.8M $706.1M
YoY Change 16.43% 29.24% 185.01%
Cost Of Revenue $615.0M $623.2M $539.0M
YoY Change 14.1% 23.38% 214.65%
Gross Profit $207.2M $195.6M $167.1M
YoY Change 23.97% 52.28% 130.06%
Gross Profit Margin 25.2% 23.89% 23.67%
Selling, General & Admin $138.1M $135.1M $123.2M
YoY Change 12.13% 10.59% 67.39%
% of Gross Profit 66.68% 69.06% 73.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $124.1M $58.42M $65.10M
YoY Change 90.59% -9.85% 114.14%
% of Gross Profit 59.89% 29.86% 38.96%
Operating Expenses $138.1M $135.1M $123.2M
YoY Change 12.13% 10.59% 67.39%
Operating Profit $69.02M $60.53M $43.90M
YoY Change 57.23% 860.25% -4644.51%
Interest Expense -$11.04M -$12.85M -$15.50M
YoY Change -28.79% -19.19% 68.48%
% of Operating Profit -15.99% -21.23% -35.31%
Other Income/Expense, Net -$4.873M $36.88M $1.200M
YoY Change -506.08% -2317.44% 33.33%
Pretax Income $49.96M $84.56M $19.00M
YoY Change 162.93% -848.72% -242.86%
Income Tax $6.190M $25.91M $11.50M
% Of Pretax Income 12.39% 30.64% 60.53%
Net Earnings $43.45M $56.83M $7.400M
YoY Change 487.15% -818.07% -505.92%
Net Earnings / Revenue 5.28% 6.94% 1.05%
Basic Earnings Per Share $0.28
Diluted Earnings Per Share $208.1K $0.27 $36.94K
COMMON SHARES
Basic Shares Outstanding 202.1M shares 201.9M shares 199.8M shares
Diluted Shares Outstanding 208.5M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $251.7M $253.9M $201.4M
YoY Change 24.96% 48.02% 470.54%
Cash & Equivalents $251.7M $253.9M $201.4M
Short-Term Investments
Other Short-Term Assets $81.87M $75.62M $74.80M
YoY Change 9.45% 2.61% 181.2%
Inventory $542.9M $497.5M $430.1M
Prepaid Expenses
Receivables $584.4M $590.8M $559.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.461B $1.418B $1.266B
YoY Change 15.41% 15.01% 156.53%
LONG-TERM ASSETS
Property, Plant & Equipment $892.3M $780.7M $854.5M
YoY Change 4.42% -10.07% 244.32%
Goodwill $702.9M $701.5M $680.6M
YoY Change 3.27% 6.23% -25.3%
Intangibles $401.5M $413.3M $479.0M
YoY Change -16.19% -18.93% 100.67%
Long-Term Investments
YoY Change
Other Assets $77.19M $78.08M $73.31M
YoY Change 5.3% 22.45% 933.28%
Total Long-Term Assets $2.074B $2.085B $2.210B
YoY Change -6.16% -6.11% 54.61%
TOTAL ASSETS
Total Short-Term Assets $1.461B $1.418B $1.266B
Total Long-Term Assets $2.074B $2.085B $2.210B
Total Assets $3.535B $3.503B $3.476B
YoY Change 1.7% 1.43% 80.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $473.6M $430.6M $299.7M
YoY Change 58.03% 64.28% 149.12%
Accrued Expenses $286.7M $284.6M $279.4M
YoY Change 2.6% 7.79% 308.48%
Deferred Revenue $15.25M $14.70M $16.67M
YoY Change -8.53% -12.95% 171.11%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $26.85M $26.85M $26.85M
YoY Change 0.0% -14.68%
Total Short-Term Liabilities $802.3M $756.7M $622.6M
YoY Change 28.88% 31.73% 211.78%
LONG-TERM LIABILITIES
Long-Term Debt $697.7M $743.6M $905.8M
YoY Change -22.98% -24.87% 63.12%
Other Long-Term Liabilities $68.92M $79.45M $95.04M
YoY Change -27.48% -3.46% 237.5%
Total Long-Term Liabilities $766.6M $823.0M $1.001B
YoY Change -23.4% -23.22% 71.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $802.3M $756.7M $622.6M
Total Long-Term Liabilities $766.6M $823.0M $1.001B
Total Liabilities $1.780B $1.791B $1.863B
YoY Change -4.44% -4.09% 110.15%
SHAREHOLDERS EQUITY
Retained Earnings -$525.2M -$568.6M -$638.5M
YoY Change -17.75% -11.96% -696.42%
Common Stock $2.317B $2.317B $2.295B
YoY Change 0.97% 1.12% 136.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.771B $1.727B $1.626B
YoY Change
Total Liabilities & Shareholders Equity $3.535B $3.503B $3.476B
YoY Change 1.7% 1.43% 80.76%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income $43.45M $56.83M $7.400M
YoY Change 487.15% -818.07% -505.92%
Depreciation, Depletion And Amortization $124.1M $58.42M $65.10M
YoY Change 90.59% -9.85% 114.14%
Cash From Operating Activities $88.42M $88.66M $120.6M
YoY Change -26.68% -20.41% 271.08%
INVESTING ACTIVITIES
Capital Expenditures -$17.44M -$21.35M -$13.00M
YoY Change 34.13% 65.48% 58.54%
Acquisitions
YoY Change
Other Investing Activities -$11.81M $56.39M $400.0K
YoY Change -3053.5% 587.62% -75.0%
Cash From Investing Activities -$29.25M $35.04M -$12.60M
YoY Change 132.15% -861.7% 90.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -60.63M -104.0M -82.00M
YoY Change -26.06% 24.67% 160.32%
NET CHANGE
Cash From Operating Activities 88.42M 88.66M 120.6M
Cash From Investing Activities -29.25M 35.04M -12.60M
Cash From Financing Activities -60.63M -104.0M -82.00M
Net Change In Cash -1.464M 19.73M 26.00M
YoY Change -105.63% -15.69% -564.29%
FREE CASH FLOW
Cash From Operating Activities $88.42M $88.66M $120.6M
Capital Expenditures -$17.44M -$21.35M -$13.00M
Free Cash Flow $105.9M $110.0M $133.6M
YoY Change -20.77% -11.5% 228.26%

Facts In Submission

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AllocatedShareBasedCompensationExpenseNetOfTax
4390000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
4514000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
14151000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
10574000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-7914000 USD
us-gaap Net Income Loss
NetIncomeLoss
69850000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
56828000 USD
us-gaap Net Income Loss
NetIncomeLoss
-751287000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
201852000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
199809000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
201329000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
131064000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6693000 shares
CY2020Q3 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
6844000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
208545000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
199809000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
208173000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
131064000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.73
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.73
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
500000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
600000 shares
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
5636000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
1517000 USD
CY2021Q3 us-gaap Derivative Assets
DerivativeAssets
2904000 USD
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
4576000 USD
CY2021Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
3307000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
6561000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
2402000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
791000 USD
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
164030000 USD
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
137038000 USD
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
11676000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
9509000 USD
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
401088000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
323144000 USD
CY2021Q3 us-gaap Inventory Gross
InventoryGross
576794000 USD
CY2020Q4 us-gaap Inventory Gross
InventoryGross
469691000 USD
CY2021Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
28240000 USD
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
24769000 USD
CY2021Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
51081000 USD
CY2020Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
14810000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
497473000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
430112000 USD
us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
33900000 USD
us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
26500000 USD

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