2021 Q2 Form 10-Q Financial Statement

#000131994721000025 Filed on May 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $703.2M $482.8M
YoY Change 45.65% -44.72%
Cost Of Revenue $487.0M $509.2M
YoY Change -4.36% -17.07%
Gross Profit $216.1M -$26.46M
YoY Change -916.75% -110.2%
Gross Profit Margin 30.73% -5.48%
Selling, General & Admin $200.8M $187.2M
YoY Change 7.26% -13.95%
% of Gross Profit 92.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.58M $23.13M
YoY Change -11.06% 7.99%
% of Gross Profit 9.52%
Operating Expenses $200.8M $187.2M
YoY Change 7.26% -13.95%
Operating Profit $17.01M -$324.0M
YoY Change -105.25% -836.59%
Interest Expense -$7.100M $100.0K
YoY Change -7200.0% -75.0%
% of Operating Profit -41.75%
Other Income/Expense, Net $806.0K -$87.00K
YoY Change -1026.44% -74.56%
Pretax Income $8.997M -$326.2M
YoY Change -102.76% -879.68%
Income Tax -$8.029M -$110.3M
% Of Pretax Income -89.24%
Net Earnings $17.03M -$215.9M
YoY Change -107.89% -791.99%
Net Earnings / Revenue 2.42% -44.71%
Basic Earnings Per Share $0.23 -$3.00
Diluted Earnings Per Share $0.22 -$3.00
COMMON SHARES
Basic Shares Outstanding 72.61M shares 71.91M shares
Diluted Shares Outstanding 76.98M shares 71.91M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $49.30M $250.9M
YoY Change -80.35% 105.82%
Cash & Equivalents $49.30M $250.9M
Short-Term Investments $0.00
Other Short-Term Assets $60.50M $82.70M
YoY Change -26.84% 51.74%
Inventory $540.1M $533.6M
Prepaid Expenses
Receivables $213.4M $81.95M
Other Receivables $0.00 $0.00
Total Short-Term Assets $863.3M $949.2M
YoY Change -9.05% 5.85%
LONG-TERM ASSETS
Property, Plant & Equipment $284.8M $359.8M
YoY Change -20.85% -11.18%
Goodwill $93.66M $93.66M
YoY Change 0.0% 3.05%
Intangibles $32.26M $27.39M
YoY Change 17.79% -52.43%
Long-Term Investments $57.01M $57.54M
YoY Change -0.91% -4.41%
Other Assets $30.84M $24.94M
YoY Change 23.66% -22.98%
Total Long-Term Assets $1.169B $1.489B
YoY Change -21.46% -9.91%
TOTAL ASSETS
Total Short-Term Assets $863.3M $949.2M
Total Long-Term Assets $1.169B $1.489B
Total Assets $2.032B $2.438B
YoY Change -16.63% -4.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $341.8M $283.1M
YoY Change 20.76% 26.04%
Accrued Expenses $195.2M $231.4M
YoY Change -15.61% 23.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $62.50M $0.00
YoY Change
Total Short-Term Liabilities $800.2M $732.7M
YoY Change 9.21% 22.94%
LONG-TERM LIABILITIES
Long-Term Debt $274.9M $393.0M
YoY Change -30.05% 67.23%
Other Long-Term Liabilities $31.53M $25.31M
YoY Change 24.58% -25.9%
Total Long-Term Liabilities $306.4M $25.31M
YoY Change 1110.88% -25.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $800.2M $732.7M
Total Long-Term Liabilities $306.4M $25.31M
Total Liabilities $1.770B $1.940B
YoY Change -8.77% 8.59%
SHAREHOLDERS EQUITY
Retained Earnings -$211.8M $44.08M
YoY Change -580.44% -82.88%
Common Stock $992.4M $975.3M
YoY Change 1.75% 1.9%
Preferred Stock
YoY Change
Treasury Stock (at cost) $515.1M $515.1M
YoY Change 0.0% 14.86%
Treasury Stock Shares
Shareholders Equity -$2.743M -$6.209M
YoY Change
Total Liabilities & Shareholders Equity $2.032B $2.438B
YoY Change -16.63% -4.37%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $17.03M -$215.9M
YoY Change -107.89% -791.99%
Depreciation, Depletion And Amortization $20.58M $23.13M
YoY Change -11.06% 7.99%
Cash From Operating Activities -$1.356M -$39.47M
YoY Change -96.56% 1204.33%
INVESTING ACTIVITIES
Capital Expenditures $5.641M $14.63M
YoY Change -61.43% -41.22%
Acquisitions
YoY Change
Other Investing Activities $0.00 $24.60M
YoY Change -100.0% 31.55%
Cash From Investing Activities -$5.641M $9.987M
YoY Change -156.48% -261.39%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00 $7.160M
YoY Change -100.0% -62.12%
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$3.589M $193.9M
YoY Change -101.85% -1074.91%
NET CHANGE
Cash From Operating Activities -$1.356M -$39.47M
Cash From Investing Activities -$5.641M $9.987M
Cash From Financing Activities -$3.589M $193.9M
Net Change In Cash -$10.28M $164.3M
YoY Change -106.26% -681.34%
FREE CASH FLOW
Cash From Operating Activities -$1.356M -$39.47M
Capital Expenditures $5.641M $14.63M
Free Cash Flow -$6.997M -$54.09M
YoY Change -87.07% 93.85%

Facts In Submission

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CY2020Q2 us-gaap Increase Decrease In Income Taxes Receivable
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CY2020Q2 us-gaap Repayments Of Lines Of Credit
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CY2020Q2 us-gaap Impairment Of Long Lived Assets Held For Use
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84900000 USD
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84000000.0 USD
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10000000.0 USD
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0.338
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
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-0.892
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1400000 USD
CY2020Q2 us-gaap Severance Costs1
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1700000 USD
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5100000 USD
CY2020Q2 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
2600000 USD
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34442000 USD
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5600000 shares
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543000 USD
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38572000 USD
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AccountsReceivableServicedbyThirdPartyProviderwithoutGuaranteedPayment
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16131000 USD
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CY2021Q2 us-gaap Intangible Assets Gross Excluding Goodwill
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34442000 USD
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CY2021Q2 us-gaap Valuation Allowances And Reserves Balance
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20422000 USD
CY2021Q1 us-gaap Valuation Allowances And Reserves Balance
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CY2021Q2 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
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CY2021Q1 us-gaap Debt Instrument Carrying Amount
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CY2021Q2 us-gaap Unamortized Debt Issuance Expense
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CY2021Q1 us-gaap Unamortized Debt Issuance Expense
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CY2020Q2 us-gaap Unamortized Debt Issuance Expense
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CY2021Q1 us-gaap Insurance Recoveries
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2270000 USD

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0001319947-21-000025.txt Edgar Link pending
0001319947-21-000025-xbrl.zip Edgar Link pending
dsw-20210501.htm Edgar Link pending
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