2021 Q3 Form 10-Q Financial Statement

#000122765421000208 Filed on August 13, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q4
Revenue $211.7M $199.4M $309.2M
YoY Change -25.04% 13.81% -38.2%
Cost Of Revenue $178.6M $169.2M $321.1M
YoY Change -20.16% -10.85% -10.38%
Gross Profit $33.10M $30.20M $58.50M
YoY Change -43.61% -23.74% -58.8%
Gross Profit Margin 15.64% 15.15% 18.92%
Selling, General & Admin $31.00M $29.30M $30.40M
YoY Change -24.94% -2.01% -33.62%
% of Gross Profit 93.66% 97.02% 51.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.90M $30.10M $34.30M
YoY Change -16.01% -13.75% -2.28%
% of Gross Profit 90.33% 99.67% 58.63%
Operating Expenses $31.00M $29.30M $30.40M
YoY Change -24.94% -2.01% -33.62%
Operating Profit $2.100M $900.0K $28.10M
YoY Change -87.93% -90.72% -70.79%
Interest Expense -$9.800M $15.00M $15.50M
YoY Change -157.31% -2.6% -189.08%
% of Operating Profit -466.67% 1666.67% 55.16%
Other Income/Expense, Net -$400.0K $500.0K -$100.0K
YoY Change -500.0% 150.0% -98.31%
Pretax Income -$8.100M -$14.70M $6.300M
YoY Change 138.24% 48.48% -91.36%
Income Tax -$3.600M $1.700M -$8.400M
% Of Pretax Income -133.33%
Net Earnings -$56.00M $57.10M $28.10M
YoY Change 2566.67% -1830.3% -49.91%
Net Earnings / Revenue -26.45% 28.64% 9.09%
Basic Earnings Per Share -$1.65 $1.64 $0.82
Diluted Earnings Per Share -$1.644M $1.63 $0.81
COMMON SHARES
Basic Shares Outstanding 34.04M shares 34.02M shares 33.96M shares
Diluted Shares Outstanding 34.10M shares 34.08M shares 33.98M shares

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.10M $26.30M $10.60M
YoY Change -46.92% -60.86% -69.45%
Cash & Equivalents $18.10M $26.30M $10.60M
Short-Term Investments
Other Short-Term Assets $48.90M $46.10M $55.40M
YoY Change -31.7% -22.52% -42.53%
Inventory $321.7M $289.0M $298.7M
Prepaid Expenses
Receivables $132.8M $91.00M $185.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $531.4M $883.3M $756.3M
YoY Change -22.47% 42.38% -3.66%
LONG-TERM ASSETS
Property, Plant & Equipment $830.5M $833.8M $851.7M
YoY Change -17.03% -12.05% -17.37%
Goodwill $57.80M $58.20M $55.70M
YoY Change -77.83% -78.03% -83.76%
Intangibles $48.80M $49.80M $49.90M
YoY Change -41.56% -42.09% -51.55%
Long-Term Investments $5.800M $20.00M
YoY Change -76.23% -19.68%
Other Assets $156.6M $147.4M $143.8M
YoY Change -1.51% 3.08% -8.12%
Total Long-Term Assets $1.100B $1.089B $1.505B
YoY Change -25.33% -25.67% -9.23%
TOTAL ASSETS
Total Short-Term Assets $531.4M $883.3M $756.3M
Total Long-Term Assets $1.100B $1.089B $1.505B
Total Assets $1.631B $1.973B $2.262B
YoY Change -24.42% -5.43% -7.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $90.00M $82.60M $82.60M
YoY Change -25.93% -23.59% -34.55%
Accrued Expenses $60.80M $63.20M $56.40M
YoY Change -5.15% 2.43% -8.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $10.00M
YoY Change -100.0% -100.0% -80.81%
Total Short-Term Liabilities $195.4M $427.7M $296.7M
YoY Change -35.26% 63.87% 0.27%
LONG-TERM LIABILITIES
Long-Term Debt $935.4M $1.153B $1.299B
YoY Change -27.44% -7.59% -4.75%
Other Long-Term Liabilities $149.4M $149.1M $154.0M
YoY Change -7.72% -2.61% -6.04%
Total Long-Term Liabilities $1.085B $1.302B $1.453B
YoY Change -25.24% -7.05% -4.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $195.4M $427.7M $296.7M
Total Long-Term Liabilities $1.085B $1.302B $1.453B
Total Liabilities $1.280B $1.730B $1.750B
YoY Change -26.97% 4.09% -4.05%
SHAREHOLDERS EQUITY
Retained Earnings $272.4M $352.9M $559.1M
YoY Change -51.37% -39.88% -7.95%
Common Stock $136.7M $135.4M $127.4M
YoY Change 9.45% 10.35% 8.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.500M $5.500M $4.400M
YoY Change 25.0% 44.74% 37.5%
Treasury Stock Shares 1.314M shares 1.331M shares 1.408M shares
Shareholders Equity $293.1M $186.6M $378.3M
YoY Change
Total Liabilities & Shareholders Equity $1.631B $1.973B $2.262B
YoY Change -24.42% -5.43% -7.44%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q4
OPERATING ACTIVITIES
Net Income -$56.00M $57.10M $28.10M
YoY Change 2566.67% -1830.3% -49.91%
Depreciation, Depletion And Amortization $29.90M $30.10M $34.30M
YoY Change -16.01% -13.75% -2.28%
Cash From Operating Activities -$47.70M $10.20M -$13.30M
YoY Change 5.07% 92.45% -119.5%
INVESTING ACTIVITIES
Capital Expenditures -$32.80M -$20.80M -$22.00M
YoY Change 62.38% 19.54% -16.98%
Acquisitions
YoY Change
Other Investing Activities $291.1M $54.90M $200.0K
YoY Change -29210.0% -7942.86% -128.57%
Cash From Investing Activities $258.3M $34.10M -$23.00M
YoY Change -1318.4% -288.4% -15.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $32.50M
YoY Change
Cash From Financing Activities -242.1M -57.20M $22.10M
YoY Change -824.85% 97.92% -189.47%
NET CHANGE
Cash From Operating Activities -47.70M 10.20M -$13.30M
Cash From Investing Activities 258.3M 34.10M -$23.00M
Cash From Financing Activities -242.1M -57.20M $22.10M
Net Change In Cash -31.50M -12.90M -$13.10M
YoY Change -5.12% -69.06% -180.37%
FREE CASH FLOW
Cash From Operating Activities -$47.70M $10.20M -$13.30M
Capital Expenditures -$32.80M -$20.80M -$22.00M
Free Cash Flow -$14.90M $31.00M $8.700M
YoY Change -40.87% 36.56% -90.81%

Facts In Submission

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us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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CY2020Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
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CY2021Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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300000 USD
CY2020Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
200000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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ComprehensiveIncomeNetOfTax
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ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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2700000 USD
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CY2019Q4 us-gaap Stockholders Equity
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ComprehensiveIncomeNetOfTax
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CommonStockDividendsPerShareCashPaid
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CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020Q1 us-gaap Stockholders Equity
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CY2020Q2 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Financing Costs
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
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us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
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us-gaap Gain Loss On Sale Of Business
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us-gaap Payments To Acquire Productive Assets
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Number Of Reportable Segments
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CY2020Q4 us-gaap Inventory Net
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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