2021 Q2 Form 10-Q Financial Statement

#000162828021015843 Filed on August 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $48.26M $44.17M
YoY Change 9.26% -4.4%
Cost Of Revenue $0.00 $546.0K
YoY Change -100.0% -24.06%
Gross Profit $48.26M $43.62M
YoY Change 10.63% -4.09%
Gross Profit Margin 100.0% 98.76%
Selling, General & Admin $6.564M $5.600M
YoY Change 17.21% 10.67%
% of Gross Profit 13.6% 12.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.84M $13.20M
YoY Change 4.89% -2.22%
% of Gross Profit 28.69% 30.26%
Operating Expenses $20.41M $19.38M
YoY Change 5.3% -26.88%
Operating Profit $27.85M $24.24M
YoY Change 14.89% 27.73%
Interest Expense $6.534M $5.849M
YoY Change 11.71% -19.71%
% of Operating Profit 23.46% 24.13%
Other Income/Expense, Net
YoY Change
Pretax Income $21.32M $18.94M
YoY Change 12.55% -3.86%
Income Tax
% Of Pretax Income
Net Earnings $21.32M $18.94M
YoY Change 12.58% -3.87%
Net Earnings / Revenue 44.17% 42.87%
Basic Earnings Per Share $0.22 $0.20
Diluted Earnings Per Share $0.22 $0.20
COMMON SHARES
Basic Shares Outstanding 96.08M shares 95.21M shares
Diluted Shares Outstanding 96.12M shares 95.21M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.771M $5.800M
YoY Change -69.47% 123.08%
Cash & Equivalents $1.771M $5.798M
Short-Term Investments
Other Short-Term Assets $7.570M $5.900M
YoY Change 28.31% -14.49%
Inventory
Prepaid Expenses
Receivables $1.786M $1.700M
Other Receivables $0.00 $0.00
Total Short-Term Assets $11.13M $13.40M
YoY Change -16.96% -30.21%
LONG-TERM ASSETS
Property, Plant & Equipment $1.591B $1.434B
YoY Change 10.92% -4.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $310.7M $2.500M
YoY Change 12329.56% -28.57%
Total Long-Term Assets $1.901B $1.437B
YoY Change 32.35% -5.01%
TOTAL ASSETS
Total Short-Term Assets $11.13M $13.40M
Total Long-Term Assets $1.901B $1.437B
Total Assets $1.912B $1.450B
YoY Change 31.89% -5.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.80M $13.30M
YoY Change 26.35% 4.72%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $42.89M $37.40M
YoY Change 14.68% 9.04%
LONG-TERM LIABILITIES
Long-Term Debt $939.9M $495.1M
YoY Change 89.84% -8.16%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $939.9M $495.1M
YoY Change 89.84% -8.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $42.89M $37.40M
Total Long-Term Liabilities $939.9M $495.1M
Total Liabilities $982.8M $532.6M
YoY Change 84.54% -7.12%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.190B $1.163B
YoY Change 2.32% 0.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $929.6M $917.4M
YoY Change
Total Liabilities & Shareholders Equity $1.912B $1.450B
YoY Change 31.89% -5.32%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $21.32M $18.94M
YoY Change 12.58% -3.87%
Depreciation, Depletion And Amortization $13.84M $13.20M
YoY Change 4.89% -2.22%
Cash From Operating Activities $36.66M $31.40M
YoY Change 16.74% -0.63%
INVESTING ACTIVITIES
Capital Expenditures -$11.77M -$3.800M
YoY Change 209.74% -98.37%
Acquisitions
YoY Change
Other Investing Activities $27.00K $53.50M
YoY Change -99.95% 1957.69%
Cash From Investing Activities -$11.74M $49.60M
YoY Change -123.68% -121.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 255.6M -99.20M
YoY Change -357.69% 700.0%
NET CHANGE
Cash From Operating Activities 36.66M 31.40M
Cash From Investing Activities -11.74M 49.60M
Cash From Financing Activities 255.6M -99.20M
Net Change In Cash 280.5M -18.20M
YoY Change -1641.42% -91.41%
FREE CASH FLOW
Cash From Operating Activities $36.66M $31.40M
Capital Expenditures -$11.77M -$3.800M
Free Cash Flow $48.43M $35.20M
YoY Change 37.58% -86.73%

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618000 USD
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188644000 USD
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CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
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10899000 USD
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CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
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us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y2M12D
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us-gaap Net Income Loss
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75000 USD
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234000 USD
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148000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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21201000 USD
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21201000 USD
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41569000 USD
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38112000 USD
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96082000 shares
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95208000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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95732000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
23000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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95755000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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95185000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
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0.22
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0.20
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0.43
us-gaap Earnings Per Share Diluted
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0.40

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