2021 Q2 Form 10-Q Financial Statement

#000001784321000015 Filed on April 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 Q1 2020 Q2
Revenue $421.6M $351.9M $437.3M
YoY Change -3.59% -39.89% -31.82%
Cost Of Revenue $441.3M $336.5M $413.4M
YoY Change 6.75% -29.29% -20.27%
Gross Profit -$19.70M $12.80M -$5.300M
YoY Change 271.7% -88.31% -104.31%
Gross Profit Margin -4.67% 3.64% -1.21%
Selling, General & Admin $47.90M $47.80M $42.00M
YoY Change 14.05% -5.91% -23.77%
% of Gross Profit 373.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.00M $32.00M $31.70M
YoY Change 0.95% 2.56% 3.59%
% of Gross Profit 250.0%
Operating Expenses $47.90M $47.80M $42.00M
YoY Change 14.05% -5.91% -23.77%
Operating Profit -$67.60M -$40.00M -$148.2M
YoY Change -54.39% -168.14% -318.26%
Interest Expense -$7.000M $8.900M $300.0K
YoY Change -2433.33% 81.63% -105.66%
% of Operating Profit
Other Income/Expense, Net -$1.200M -$8.300M -$500.0K
YoY Change 140.0% 112.82% -600.0%
Pretax Income -$79.00M -$57.20M -$148.4M
YoY Change -46.77% -214.63% -337.06%
Income Tax -$21.90M -$16.70M -$30.00M
% Of Pretax Income
Net Earnings -$57.10M -$40.50M -$118.4M
YoY Change -51.77% -201.5% -342.13%
Net Earnings / Revenue -13.54% -11.51% -27.08%
Basic Earnings Per Share -$0.84 -$2.46
Diluted Earnings Per Share -$1.182M -$0.84 -$2.46
COMMON SHARES
Basic Shares Outstanding 48.03M shares 48.30M shares 48.10M shares
Diluted Shares Outstanding 48.30M shares 48.10M shares

Balance Sheet

Concept 2021 Q2 2021 Q1 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $287.4M $244.2M $193.1M
YoY Change 48.83% 162.58% 615.19%
Cash & Equivalents $287.4M $244.2M $193.1M
Short-Term Investments
Other Short-Term Assets $95.60M $91.50M $56.60M
YoY Change 68.9% 124.82% 51.34%
Inventory $425.7M $535.5M $724.3M
Prepaid Expenses
Receivables $308.7M $279.2M $292.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.117B $1.150B $1.266B
YoY Change -11.76% -16.46% 2.43%
LONG-TERM ASSETS
Property, Plant & Equipment $1.458B $1.307B $1.498B
YoY Change -2.71% -6.34% 9.65%
Goodwill $241.4M $241.4M $290.4M
YoY Change -16.87% -25.75% -11.03%
Intangibles $43.10M $44.90M $52.10M
YoY Change -17.27% -26.63% -22.47%
Long-Term Investments
YoY Change
Other Assets $106.5M $262.6M $115.4M
YoY Change -7.71% -1.65% -38.49%
Total Long-Term Assets $1.854B $1.861B $1.961B
YoY Change -5.46% -9.34% 0.48%
TOTAL ASSETS
Total Short-Term Assets $1.117B $1.150B $1.266B
Total Long-Term Assets $1.854B $1.861B $1.961B
Total Assets $2.971B $3.011B $3.227B
YoY Change -7.93% -12.2% 1.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $142.4M $135.1M $124.2M
YoY Change 14.65% -35.54% -47.97%
Accrued Expenses $163.9M $134.2M $157.9M
YoY Change 3.8% -1.61% 0.19%
Deferred Revenue $8.600M $6.900M $12.30M
YoY Change -30.08% -37.27% 17.14%
Short-Term Debt $0.00 $0.00 $170.0M
YoY Change -100.0% -100.0% 762.94%
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change
Total Short-Term Liabilities $306.3M $269.3M $452.1M
YoY Change -32.25% -47.81% 8.68%
LONG-TERM LIABILITIES
Long-Term Debt $694.5M $694.3M $551.8M
YoY Change 25.86% 25.69% 0.22%
Other Long-Term Liabilities $100.0M $96.30M $110.5M
YoY Change -9.5% -11.24% 69.74%
Total Long-Term Liabilities $794.5M $790.6M $662.3M
YoY Change 19.96% 19.62% 7.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $306.3M $269.3M $452.1M
Total Long-Term Liabilities $794.5M $790.6M $662.3M
Total Liabilities $1.579B $1.630B $1.782B
YoY Change -11.37% -10.0% 6.82%
SHAREHOLDERS EQUITY
Retained Earnings $1.299B $1.366B $1.568B
YoY Change -17.14% -19.45% -2.32%
Common Stock $602.7M $599.5M $601.5M
YoY Change 0.2% -1.04% 0.35%
Preferred Stock
YoY Change
Treasury Stock (at cost) $317.4M $317.5M $325.8M
YoY Change -2.58% -3.23% -2.1%
Treasury Stock Shares 7.984M shares 7.985M shares 8.162M shares
Shareholders Equity $1.392B $1.381B $1.446B
YoY Change
Total Liabilities & Shareholders Equity $2.971B $3.011B $3.227B
YoY Change -7.93% -12.2% 1.24%

Cashflow Statement

Concept 2021 Q2 2021 Q1 2020 Q2
OPERATING ACTIVITIES
Net Income -$57.10M -$40.50M -$118.4M
YoY Change -51.77% -201.5% -342.13%
Depreciation, Depletion And Amortization $32.00M $32.00M $31.70M
YoY Change 0.95% 2.56% 3.59%
Cash From Operating Activities $74.60M $3.800M $136.9M
YoY Change -45.51% -94.74% -21.86%
INVESTING ACTIVITIES
Capital Expenditures -$22.00M -$18.60M -$27.40M
YoY Change -19.71% -62.58% -44.76%
Acquisitions
YoY Change
Other Investing Activities $0.00 $100.0K -$100.0K
YoY Change -100.0% -50.0% -200.0%
Cash From Investing Activities -$22.00M -$18.50M -$27.50M
YoY Change -20.0% -62.63% -44.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.500M -11.10M -9.900M
YoY Change -4.04% -126.81% -91.52%
NET CHANGE
Cash From Operating Activities 74.60M 3.800M 136.9M
Cash From Investing Activities -22.00M -18.50M -27.50M
Cash From Financing Activities -9.500M -11.10M -9.900M
Net Change In Cash 43.10M -25.80M 99.50M
YoY Change -56.68% -140.19% 1017.98%
FREE CASH FLOW
Cash From Operating Activities $74.60M $3.800M $136.9M
Capital Expenditures -$22.00M -$18.60M -$27.40M
Free Cash Flow $96.60M $22.40M $164.3M
YoY Change -41.21% -81.64% -26.91%

Facts In Submission

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52800000 USD
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us-gaap Income Tax Reconciliation Prior Year Income Taxes
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131000000.0 USD
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