2023 Q3 Form 10-Q Financial Statement
#000155279723000073 Filed on August 09, 2023
Income Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| Revenue | $275.8M | $246.9M |
| YoY Change | -6.19% | -7.44% |
| Cost Of Revenue | $206.5M | $179.1M |
| YoY Change | -6.93% | -14.56% |
| Gross Profit | $69.32M | $67.84M |
| YoY Change | -3.92% | 18.69% |
| Gross Profit Margin | 25.13% | 27.48% |
| Selling, General & Admin | $5.545M | $6.611M |
| YoY Change | -53.63% | -52.0% |
| % of Gross Profit | 8.0% | 9.74% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $24.59M | $1.258M |
| YoY Change | 25.82% | -90.63% |
| % of Gross Profit | 35.46% | 1.85% |
| Operating Expenses | $32.61M | $8.349M |
| YoY Change | 172.69% | -39.38% |
| Operating Profit | $62.55M | $59.49M |
| YoY Change | 5.99% | 40.96% |
| Interest Expense | $36.90M | -$27.81M |
| YoY Change | 63.58% | -265.44% |
| % of Operating Profit | 58.99% | -46.75% |
| Other Income/Expense, Net | $3.000K | $19.00K |
| YoY Change | -91.67% | 850.0% |
| Pretax Income | $34.95M | $32.15M |
| YoY Change | -22.43% | -0.98% |
| Income Tax | $127.0K | $256.0K |
| % Of Pretax Income | 0.36% | 0.8% |
| Net Earnings | $34.80M | $31.90M |
| YoY Change | -22.1% | -0.83% |
| Net Earnings / Revenue | 12.62% | 12.92% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $0.80 | $0.73 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 43.59M shares | 43.58M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $4.200M | $7.715M |
| YoY Change | -71.9% | -44.13% |
| Cash & Equivalents | $4.182M | $7.715M |
| Short-Term Investments | ||
| Other Short-Term Assets | $962.0K | $1.395M |
| YoY Change | -60.31% | -38.19% |
| Inventory | $4.137M | $3.078M |
| Prepaid Expenses | ||
| Receivables | $108.4M | $73.25M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $117.6M | $85.43M |
| YoY Change | 60.69% | 34.2% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $936.7M | $964.4M |
| YoY Change | 6.98% | 12.95% |
| Goodwill | $27.05M | $27.05M |
| YoY Change | 1.66% | 18.55% |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $241.9M | $242.7M |
| YoY Change | -2.45% | -2.38% |
| Other Assets | $17.29M | $19.80M |
| YoY Change | -14.08% | 5.24% |
| Total Long-Term Assets | $1.592B | $1.607B |
| YoY Change | 1.71% | 3.98% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $117.6M | $85.43M |
| Total Long-Term Assets | $1.592B | $1.607B |
| Total Assets | $1.709B | $1.693B |
| YoY Change | 4.35% | 5.17% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $28.00M | $14.51M |
| YoY Change | -47.22% | -67.32% |
| Accrued Expenses | $42.40M | $26.93M |
| YoY Change | 6.71% | -0.6% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $15.00M | $15.00M |
| YoY Change | ||
| Total Short-Term Liabilities | $85.36M | $56.44M |
| YoY Change | -67.9% | -65.37% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.726B | $1.729B |
| YoY Change | 19.16% | 13.61% |
| Other Long-Term Liabilities | $17.73M | $36.28M |
| YoY Change | 5.45% | 92.93% |
| Total Long-Term Liabilities | $1.763B | $1.766B |
| YoY Change | 18.61% | 12.98% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $85.36M | $56.44M |
| Total Long-Term Liabilities | $1.763B | $1.766B |
| Total Liabilities | $1.849B | $1.822B |
| YoY Change | 5.48% | 5.58% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$139.2M | -$129.5M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.709B | $1.693B |
| YoY Change | 4.35% | 5.17% |
Cashflow Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $34.80M | $31.90M |
| YoY Change | -22.1% | -0.83% |
| Depreciation, Depletion And Amortization | $24.59M | $1.258M |
| YoY Change | 25.82% | -90.63% |
| Cash From Operating Activities | $46.80M | $34.61M |
| YoY Change | -71.54% | -59.35% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $4.300M | $28.37M |
| YoY Change | -110.18% | -208.01% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $3.600M | $455.0K |
| YoY Change | -202.59% | -100.07% |
| Cash From Investing Activities | -$700.0K | -$27.91M |
| YoY Change | -98.47% | -95.68% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -49.60M | -9.947M |
| YoY Change | -57.8% | -101.74% |
| NET CHANGE | ||
| Cash From Operating Activities | 46.80M | 34.61M |
| Cash From Investing Activities | -700.0K | -27.91M |
| Cash From Financing Activities | -49.60M | -9.947M |
| Net Change In Cash | -3.500M | -3.249M |
| YoY Change | -408.37% | -129.31% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $46.80M | $34.61M |
| Capital Expenditures | $4.300M | $28.37M |
| Free Cash Flow | $42.50M | $6.243M |
| YoY Change | -79.44% | -94.4% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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Revenue Remaining Performance Obligation
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Property Plant And Equipment Net
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