2022 Q3 Form 10-Q Financial Statement

#000169442622000132 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $5.325B $5.983B $4.459B
YoY Change 80.11% 172.99% 86.4%
Cost Of Revenue $5.181B $5.334B $4.355B
YoY Change 83.3% 147.87% 84.13%
Gross Profit $144.2M $648.7M $104.4M
YoY Change 10.84% 1538.13% 283.82%
Gross Profit Margin 2.71% 10.84% 2.34%
Selling, General & Admin $62.40M $126.5M $53.10M
YoY Change 6.3% 136.45% 29.2%
% of Gross Profit 43.27% 19.5% 50.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $72.90M $68.00M $68.30M
YoY Change 19.9% 2.56% -0.29%
% of Gross Profit 50.55% 10.48% 65.42%
Operating Expenses $62.40M $126.5M $53.10M
YoY Change 6.3% 136.45% 29.2%
Operating Profit $53.00M $493.3M $46.70M
YoY Change 15.72% -1082.67% -198.52%
Interest Expense -$32.90M -$27.90M -$27.50M
YoY Change -187.27% -184.04% -192.91%
% of Operating Profit -62.08% -5.66% -58.89%
Other Income/Expense, Net -$32.20M -$24.30M -$28.80M
YoY Change 151.56% -26.59% 22.03%
Pretax Income $20.80M $469.0M $17.90M
YoY Change -36.97% -663.03% -125.21%
Income Tax $4.000M $100.4M $3.100M
% Of Pretax Income 19.23% 21.41% 17.32%
Net Earnings $7.400M $361.8M $6.600M
YoY Change -59.12% -738.1% -109.43%
Net Earnings / Revenue 0.14% 6.05% 0.15%
Basic Earnings Per Share $0.11 $5.11 $0.09
Diluted Earnings Per Share $0.10 $5.05 $0.09
COMMON SHARES
Basic Shares Outstanding 71.04M shares 70.81M shares 73.24M shares
Diluted Shares Outstanding 71.11M shares 71.68M shares 73.65M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.154B $1.245B $854.1M
YoY Change 38.91% 49.41% 7.64%
Cash & Equivalents $1.154B $1.245B $854.1M
Short-Term Investments
Other Short-Term Assets $206.0M $187.5M $309.1M
YoY Change 156.54% -30.81% -13.71%
Inventory $1.634B $1.806B $1.624B
Prepaid Expenses $97.90M $62.00M $181.3M
Receivables $1.036B $1.319B $1.405B
Other Receivables $0.00 $1.600M $1.500M
Total Short-Term Assets $4.030B $4.557B $4.192B
YoY Change 33.78% 53.89% 44.24%
LONG-TERM ASSETS
Property, Plant & Equipment $2.678B $2.660B $2.274B
YoY Change 15.62% 12.59% -3.96%
Goodwill $743.8M $740.0M $729.4M
YoY Change 1.93% 1.41% -0.04%
Intangibles $320.6M $325.8M $103.7M
YoY Change 207.09% 208.23% -2.99%
Long-Term Investments $360.6M $354.6M $347.8M
YoY Change 1.75% -1.72% -3.44%
Other Assets $81.00M $96.10M $103.4M
YoY Change 0.62% -3.9% 4.66%
Total Long-Term Assets $4.367B $4.367B $3.754B
YoY Change 16.31% 14.12% -2.17%
TOTAL ASSETS
Total Short-Term Assets $4.030B $4.557B $4.192B
Total Long-Term Assets $4.367B $4.367B $3.754B
Total Assets $8.397B $8.925B $7.947B
YoY Change 24.09% 31.47% 17.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.150B $2.450B $2.548B
YoY Change 27.64% 48.1% 88.25%
Accrued Expenses $1.020B $148.3M $97.00M
YoY Change 829.72% 83.31% 18.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $63.00M $72.00M $82.10M
YoY Change -0.63% 55.17% 512.69%
Total Short-Term Liabilities $3.829B $4.229B $4.304B
YoY Change 37.74% 51.51% 72.07%
LONG-TERM LIABILITIES
Long-Term Debt $2.671B $2.746B $2.131B
YoY Change 23.71% 24.92% -9.5%
Other Long-Term Liabilities $25.00M $26.40M $29.90M
YoY Change -44.07% -41.98% -30.63%
Total Long-Term Liabilities $3.285B $3.358B $2.668B
YoY Change 9.14% 10.29% -16.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.829B $4.229B $4.304B
Total Long-Term Liabilities $3.285B $3.358B $2.668B
Total Liabilities $7.114B $7.587B $6.972B
YoY Change 22.88% 30.01% 21.99%
SHAREHOLDERS EQUITY
Retained Earnings $731.8M $753.0M $391.3M
YoY Change 103.22% 120.18% -7.54%
Common Stock $1.127B $1.160B $1.157B
YoY Change -6.12% -2.81% -2.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 17.58M shares 17.58M shares 17.58M shares
Shareholders Equity $1.160B $1.215B $850.2M
YoY Change
Total Liabilities & Shareholders Equity $8.397B $8.925B $7.947B
YoY Change 24.09% 31.47% 17.83%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $7.400M $361.8M $6.600M
YoY Change -59.12% -738.1% -109.43%
Depreciation, Depletion And Amortization $72.90M $68.00M $68.30M
YoY Change 19.9% 2.56% -0.29%
Cash From Operating Activities $130.2M $559.1M $26.80M
YoY Change 72.91% 230.44% -178.13%
INVESTING ACTIVITIES
Capital Expenditures -$95.40M -$70.00M $29.50M
YoY Change 212.79% -17.26% -38.92%
Acquisitions
YoY Change
Other Investing Activities -$200.9M -$620.7M $1.700M
YoY Change -3448.33% -5272.5% -37.04%
Cash From Investing Activities -$99.00M -$690.7M -$30.20M
YoY Change 304.08% 851.38% -34.49%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net $64.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -122.0M 522.1M $1.000M
YoY Change 129.32% -1014.36% -98.84%
NET CHANGE
Cash From Operating Activities 130.2M 559.1M $26.80M
Cash From Investing Activities -99.00M -690.7M -$30.20M
Cash From Financing Activities -122.0M 522.1M $1.000M
Net Change In Cash -90.80M 390.5M -$2.400M
YoY Change 3683.33% 888.61% -140.0%
FREE CASH FLOW
Cash From Operating Activities $130.2M $559.1M $26.80M
Capital Expenditures -$95.40M -$70.00M $29.50M
Free Cash Flow $225.6M $629.1M -$2.700M
YoY Change 113.23% 147.87% -96.73%

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