2021 Q1 Form 10-Q Financial Statement

#000162836921000030 Filed on May 07, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $1.924B $1.895B
YoY Change 1.5% -0.4%
Cost Of Revenue $1.590B $1.599B
YoY Change -0.58% 2.17%
Gross Profit $334.3M $296.6M
YoY Change 12.71% -12.3%
Gross Profit Margin 17.38% 15.65%
Selling, General & Admin $280.8M $284.0M
YoY Change -1.13% -0.98%
% of Gross Profit 84.0% 95.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $43.10M $72.00M
YoY Change -40.14% -2.04%
% of Gross Profit 12.89% 24.28%
Operating Expenses $280.8M $284.0M
YoY Change -1.13% -0.98%
Operating Profit -$7.200M -$85.50M
YoY Change -91.58% 228.85%
Interest Expense $42.40M $36.50M
YoY Change 16.16% -1.88%
% of Operating Profit
Other Income/Expense, Net $2.000M $39.10M
YoY Change -94.88% 6416.67%
Pretax Income -$45.20M -$81.60M
YoY Change -44.61% 32.04%
Income Tax -$28.00M -$26.50M
% Of Pretax Income
Net Earnings -$17.20M -$55.10M
YoY Change -68.78% 163.64%
Net Earnings / Revenue -0.89% -2.91%
Basic Earnings Per Share -$0.08 -$0.25
Diluted Earnings Per Share -$0.08 -$0.25
COMMON SHARES
Basic Shares Outstanding 222.3M shares 219.9M shares
Diluted Shares Outstanding 222.3M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.016B $379.5M
YoY Change 167.62% -7.66%
Cash & Equivalents $1.016B $379.5M
Short-Term Investments
Other Short-Term Assets $250.2M $221.8M
YoY Change 12.8% 25.52%
Inventory
Prepaid Expenses $250.2M
Receivables $1.412B $1.582B
Other Receivables $40.90M $35.40M
Total Short-Term Assets $2.718B $2.219B
YoY Change 22.53% 4.05%
LONG-TERM ASSETS
Property, Plant & Equipment $224.1M $274.0M
YoY Change -18.21% -10.72%
Goodwill $2.092B $2.010B
YoY Change 4.09% 3.22%
Intangibles $972.7M $1.063B
YoY Change -8.47% -10.93%
Long-Term Investments $115.8M $105.1M
YoY Change 10.18% 1030.11%
Other Assets $541.9M $399.0M
YoY Change 35.81% -20.66%
Total Long-Term Assets $4.413B $4.401B
YoY Change 0.26% -3.81%
TOTAL ASSETS
Total Short-Term Assets $2.718B $2.219B
Total Long-Term Assets $4.413B $4.401B
Total Assets $7.131B $6.619B
YoY Change 7.73% -1.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $997.1M $985.9M
YoY Change 1.14% 5.83%
Accrued Expenses $661.7M $752.0M
YoY Change -12.01% 8.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $36.80M $37.30M
YoY Change -1.34% 6.27%
Total Short-Term Liabilities $1.978B $1.984B
YoY Change -0.28% 6.55%
LONG-TERM LIABILITIES
Long-Term Debt $3.231B $2.611B
YoY Change 23.72% -1.06%
Other Long-Term Liabilities $360.1M $422.6M
YoY Change -14.79% 38.19%
Total Long-Term Liabilities $3.591B $3.034B
YoY Change 18.36% 3.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.978B $1.984B
Total Long-Term Liabilities $3.591B $3.034B
Total Liabilities $6.024B $5.535B
YoY Change 8.83% 2.94%
SHAREHOLDERS EQUITY
Retained Earnings -$1.545B -$1.363B
YoY Change 13.4% 3.39%
Common Stock $22.30M $22.10M
YoY Change 0.9% 1.84%
Preferred Stock
YoY Change
Treasury Stock (at cost) $400.0K
YoY Change
Treasury Stock Shares
Shareholders Equity $1.106B $1.084B
YoY Change
Total Liabilities & Shareholders Equity $7.131B $6.619B
YoY Change 7.73% -1.31%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$17.20M -$55.10M
YoY Change -68.78% 163.64%
Depreciation, Depletion And Amortization $43.10M $72.00M
YoY Change -40.14% -2.04%
Cash From Operating Activities -$16.40M -$249.9M
YoY Change -93.44% 16.29%
INVESTING ACTIVITIES
Capital Expenditures $12.90M $9.800M
YoY Change 31.63% -28.47%
Acquisitions $0.00 $102.5M
YoY Change -100.0% -60.91%
Other Investing Activities $0.00 $7.800M
YoY Change -100.0%
Cash From Investing Activities -$28.80M -$131.4M
YoY Change -78.08% -52.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $6.700M $0.00
YoY Change -100.0%
Cash From Financing Activities -$13.60M -$23.90M
YoY Change -43.1% 99.17%
NET CHANGE
Cash From Operating Activities -$16.40M -$249.9M
Cash From Investing Activities -$28.80M -$131.4M
Cash From Financing Activities -$13.60M -$23.90M
Net Change In Cash -$58.80M -$405.2M
YoY Change -85.49% -19.41%
FREE CASH FLOW
Cash From Operating Activities -$16.40M -$249.9M
Capital Expenditures $12.90M $9.800M
Free Cash Flow -$29.30M -$259.7M
YoY Change -88.72% 13.6%

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