2022 Q1 Form 10-Q Financial Statement

#000155837022007638 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $300.3M $324.8M
YoY Change -7.54% -0.28%
Cost Of Revenue $135.9M $144.0M
YoY Change -5.63% 4.5%
Gross Profit $164.4M $180.8M
YoY Change -9.08% -3.78%
Gross Profit Margin 54.74% 55.67%
Selling, General & Admin $73.29M $66.85M
YoY Change 9.63% -1.43%
% of Gross Profit 44.58% 36.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $72.35M $75.61M
YoY Change -4.31% -8.61%
% of Gross Profit 44.01% 41.82%
Operating Expenses $73.29M $66.85M
YoY Change 9.63% -1.43%
Operating Profit -$107.7M $38.33M
YoY Change -381.12% 2.61%
Interest Expense -$29.52M -$48.42M
YoY Change -39.04% 50.85%
% of Operating Profit -126.32%
Other Income/Expense, Net $3.155M $2.718M
YoY Change 16.08% -40.84%
Pretax Income -$125.9M -$67.38M
YoY Change 86.77% -426.09%
Income Tax -$10.30M -$5.300M
% Of Pretax Income
Net Earnings -$115.5M -$62.10M
YoY Change 86.07% -499.43%
Net Earnings / Revenue -38.48% -19.12%
Basic Earnings Per Share -$1.12 -$0.80
Diluted Earnings Per Share -$1.12 -$0.80
COMMON SHARES
Basic Shares Outstanding 111.7M 78.03M
Diluted Shares Outstanding 111.7M 78.03M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $159.9M $325.1M
YoY Change -50.8% 2205.67%
Cash & Equivalents $74.17M $325.1M
Short-Term Investments $85.77M
Other Short-Term Assets $155.7M $48.60M
YoY Change 220.34% 7.52%
Inventory
Prepaid Expenses
Receivables $118.6M $125.7M
Other Receivables $2.733M $1.000M
Total Short-Term Assets $437.0M $500.5M
YoY Change -12.69% 169.32%
LONG-TERM ASSETS
Property, Plant & Equipment $1.984B $1.773B
YoY Change 11.91% -1.89%
Goodwill $929.6M $1.035B
YoY Change -10.21% 0.0%
Intangibles
YoY Change
Long-Term Investments $109.0M $110.8M
YoY Change -1.59% -2.12%
Other Assets $59.29M $140.5M
YoY Change -57.8% 170.56%
Total Long-Term Assets $3.158B $3.173B
YoY Change -0.47% 0.13%
TOTAL ASSETS
Total Short-Term Assets $437.0M $500.5M
Total Long-Term Assets $3.158B $3.173B
Total Assets $3.595B $3.674B
YoY Change -2.13% 9.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $39.81M $27.17M
YoY Change 46.49% 36.54%
Accrued Expenses $97.24M $86.98M
YoY Change 11.8% 17.89%
Deferred Revenue $53.00M $49.14M
YoY Change 7.85% 4.07%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.379M $5.000M
YoY Change 67.58% -80.54%
Total Short-Term Liabilities $302.4M $274.7M
YoY Change 10.08% 15.59%
LONG-TERM LIABILITIES
Long-Term Debt $2.121B $2.106B
YoY Change 0.72% -4.7%
Other Long-Term Liabilities $257.3M $793.7M
YoY Change -67.59% 109.09%
Total Long-Term Liabilities $2.378B $2.900B
YoY Change -17.98% 11.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $302.4M $274.7M
Total Long-Term Liabilities $2.378B $2.900B
Total Liabilities $2.867B $3.341B
YoY Change -14.21% 11.32%
SHAREHOLDERS EQUITY
Retained Earnings -$257.3M -$96.61M
YoY Change 166.28% 73.22%
Common Stock $734.4M $527.9M
YoY Change 39.11% 6.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $721.6M $325.8M
YoY Change
Total Liabilities & Shareholders Equity $3.595B $3.674B
YoY Change -2.13% 9.5%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$115.5M -$62.10M
YoY Change 86.07% -499.43%
Depreciation, Depletion And Amortization $72.35M $75.61M
YoY Change -4.31% -8.61%
Cash From Operating Activities $81.56M $98.49M
YoY Change -17.19% 15.88%
INVESTING ACTIVITIES
Capital Expenditures $156.5M $75.96M
YoY Change 106.0% 79.2%
Acquisitions
YoY Change
Other Investing Activities $51.91M $1.200M
YoY Change 4225.92% -53.85%
Cash From Investing Activities -$104.6M -$74.74M
YoY Change 39.91% 87.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.455M 145.8M
YoY Change -101.68% -435.47%
NET CHANGE
Cash From Operating Activities 81.56M 98.49M
Cash From Investing Activities -104.6M -74.74M
Cash From Financing Activities -2.455M 145.8M
Net Change In Cash -25.46M 169.6M
YoY Change -115.02% 9623.68%
FREE CASH FLOW
Cash From Operating Activities $81.56M $98.49M
Capital Expenditures $156.5M $75.96M
Free Cash Flow -$74.92M $22.53M
YoY Change -432.53% -47.11%

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