2021 Q4 Form 10-Q Financial Statement

#000002107622000007 Filed on February 03, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q4
Revenue $1.691B $1.842B
YoY Change -8.2% 27.12%
Cost Of Revenue $1.133B $1.005B
YoY Change 12.74% 24.07%
Gross Profit $558.0M $837.0M
YoY Change -33.33% 30.99%
Gross Profit Margin 33.0% 45.44%
Selling, General & Admin $241.0M $269.0M
YoY Change -10.41% 28.1%
% of Gross Profit 43.19% 32.14%
Research & Development $34.00M $40.00M
YoY Change -15.0% 17.65%
% of Gross Profit 6.09% 4.78%
Depreciation & Amortization $55.00M $53.00M
YoY Change 3.77% 20.45%
% of Gross Profit 9.86% 6.33%
Operating Expenses $275.0M $309.0M
YoY Change -11.0% 26.64%
Operating Profit $283.0M $528.0M
YoY Change -46.4% 33.67%
Interest Expense $23.00M $24.00M
YoY Change -4.17% -4.0%
% of Operating Profit 8.13% 4.55%
Other Income/Expense, Net
YoY Change
Pretax Income $93.00M $332.0M
YoY Change -71.99% 41.28%
Income Tax $21.00M $71.00M
% Of Pretax Income 22.58% 21.39%
Net Earnings $69.00M $259.0M
YoY Change -73.36% 40.0%
Net Earnings / Revenue 4.08% 14.06%
Basic Earnings Per Share $0.56 $2.06
Diluted Earnings Per Share $0.56 $2.03
COMMON SHARES
Basic Shares Outstanding 123.1M shares 126.2M shares
Diluted Shares Outstanding 123.9M shares 128.1M shares

Balance Sheet

Concept 2021 Q4 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $192.0M $732.0M
YoY Change -73.77% 335.71%
Cash & Equivalents $192.0M $732.0M
Short-Term Investments
Other Short-Term Assets $162.0M $146.0M
YoY Change 10.96% 89.61%
Inventory $818.0M $609.0M
Prepaid Expenses
Receivables $569.0M $616.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.741B $2.103B
YoY Change -17.21% 61.4%
LONG-TERM ASSETS
Property, Plant & Equipment $1.298B $1.221B
YoY Change 6.31% 16.06%
Goodwill $1.565B $1.803B
YoY Change -13.2% 13.54%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $376.0M $357.0M
YoY Change 5.32% 15.91%
Total Long-Term Assets $4.449B $4.752B
YoY Change -6.38% 14.34%
TOTAL ASSETS
Total Short-Term Assets $1.741B $2.103B
Total Long-Term Assets $4.449B $4.752B
Total Assets $6.190B $6.855B
YoY Change -9.7% 25.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.540B $1.377B
YoY Change 11.84% 46.02%
Accrued Expenses $73.00M $61.00M
YoY Change 19.67% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $383.0M $0.00
YoY Change -100.0%
Long-Term Debt Due $600.0M $300.0M
YoY Change 100.0% 14900.0%
Total Short-Term Liabilities $2.596B $1.738B
YoY Change 49.37% 14.87%
LONG-TERM LIABILITIES
Long-Term Debt $1.886B $2.483B
YoY Change -24.04% 8.52%
Other Long-Term Liabilities $861.0M $813.0M
YoY Change 5.9% -19.9%
Total Long-Term Liabilities $2.747B $3.296B
YoY Change -16.66% 44.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.596B $1.738B
Total Long-Term Liabilities $2.747B $3.296B
Total Liabilities $5.699B $5.475B
YoY Change 4.09% 11.64%
SHAREHOLDERS EQUITY
Retained Earnings $949.0M $1.302B
YoY Change -27.11% -60.45%
Common Stock $1.311B $1.307B
YoY Change 0.31% 7.04%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.373B $850.0M
YoY Change 61.53% -74.68%
Treasury Stock Shares 7.777M shares 5.017M shares
Shareholders Equity $313.0M $1.184B
YoY Change
Total Liabilities & Shareholders Equity $6.190B $6.855B
YoY Change -9.7% 25.57%

Cashflow Statement

Concept 2021 Q4 2020 Q4
OPERATING ACTIVITIES
Net Income $69.00M $259.0M
YoY Change -73.36% 40.0%
Depreciation, Depletion And Amortization $55.00M $53.00M
YoY Change 3.77% 20.45%
Cash From Operating Activities $181.0M $246.0M
YoY Change -26.42% 8.37%
INVESTING ACTIVITIES
Capital Expenditures -$57.00M -$82.00M
YoY Change -30.49% 43.86%
Acquisitions
YoY Change
Other Investing Activities $1.000M -$25.00M
YoY Change -104.0% -2600.0%
Cash From Investing Activities -$56.00M -$107.0M
YoY Change -47.66% 91.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -143.0M -277.0M
YoY Change -48.38% 78.71%
NET CHANGE
Cash From Operating Activities 181.0M 246.0M
Cash From Investing Activities -56.00M -107.0M
Cash From Financing Activities -143.0M -277.0M
Net Change In Cash -18.00M -138.0M
YoY Change -86.96% -962.5%
FREE CASH FLOW
Cash From Operating Activities $181.0M $246.0M
Capital Expenditures -$57.00M -$82.00M
Free Cash Flow $238.0M $328.0M
YoY Change -27.44% 15.49%

Facts In Submission

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