2022 Q2 Form 10-Q Financial Statement

#000162828022014481 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q1
Revenue $627.0M $612.0M $681.0M
YoY Change -4.71% -10.13% 4418.91%
Cost Of Revenue $500.0M $478.0M $545.0M
YoY Change -5.84% -12.29% 5524.36%
Gross Profit $127.0M $134.0M $136.0M
YoY Change 0.0% -1.47% 2427.88%
Gross Profit Margin 20.26% 21.9% 19.97%
Selling, General & Admin $5.430M $5.350M $3.970M
YoY Change 28.98% 34.76% 21.04%
% of Gross Profit 4.28% 3.99% 2.92%
Research & Development $2.940M $2.850M $2.440M
YoY Change 14.84% 16.8% 19.02%
% of Gross Profit 2.31% 2.13% 1.79%
Depreciation & Amortization $14.00M $15.00M $14.00M
YoY Change 16.67% 7.14%
% of Gross Profit 11.02% 11.19% 10.29%
Operating Expenses $11.00M $8.210M $6.410M
YoY Change 62.72% 28.08% 20.04%
Operating Profit $42.00M $56.00M $51.00M
YoY Change -17.65% 9.8% 127400.0%
Interest Expense $10.00M $8.000M $9.000M
YoY Change 11.11% -11.11% 7400.0%
% of Operating Profit 23.81% 14.29% 17.65%
Other Income/Expense, Net $0.00 $0.00 -$1.000M
YoY Change -100.0% -100.0%
Pretax Income $32.00M $48.00M $41.00M
YoY Change -25.58% 17.07% 24017.65%
Income Tax $7.000M $12.00M $12.00M
% Of Pretax Income 21.88% 25.0% 29.27%
Net Earnings $25.00M $36.00M $29.00M
YoY Change -21.88% 24.14% 16958.82%
Net Earnings / Revenue 3.99% 5.88% 4.26%
Basic Earnings Per Share $0.17 $0.25 $0.20
Diluted Earnings Per Share $0.17 $0.25 $0.20
COMMON SHARES
Basic Shares Outstanding 145.0M shares 145.0M shares
Diluted Shares Outstanding 210.0M shares 210.0M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.70M $65.90M $96.20M
YoY Change -41.8% -31.5% 199.69%
Cash & Equivalents $69.00M $113.0M $30.00M
Short-Term Investments
Other Short-Term Assets $29.00M $25.00M $600.0K
YoY Change -29.27% 4066.67% 20.0%
Inventory $249.0M $231.0M $26.90M
Prepaid Expenses $17.00M $18.00M
Receivables $125.0M $130.0M $15.40M
Other Receivables $3.000M $3.200M $1.400M
Total Short-Term Assets $1.537B $1.517B $140.5M
YoY Change 20.64% 979.72% 92.2%
LONG-TERM ASSETS
Property, Plant & Equipment $35.10M $34.20M $25.90M
YoY Change 23.59% 32.05% 43.09%
Goodwill $952.0M $954.0M
YoY Change -9.93%
Intangibles
YoY Change
Long-Term Investments $3.000M $3.000M $3.000M
YoY Change 0.0% 0.0%
Other Assets $98.00M $97.00M
YoY Change -25.76%
Total Long-Term Assets $1.506B $1.516B $29.20M
YoY Change -9.55% 5091.78% 60.44%
TOTAL ASSETS
Total Short-Term Assets $1.537B $1.517B $140.5M
Total Long-Term Assets $1.506B $1.516B $29.20M
Total Assets $3.043B $3.033B $169.7M
YoY Change 3.54% 1687.27% 85.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $291.0M $248.0M $17.90M
YoY Change -4.9% 1285.47% 11.18%
Accrued Expenses $2.800M $2.800M $2.000M
YoY Change 21.74% 40.0% 42.86%
Deferred Revenue $156.0M $172.0M
YoY Change 6.12%
Short-Term Debt $1.000M $9.000M $0.00
YoY Change -90.91%
Long-Term Debt Due $140.0M $186.0M
YoY Change
Total Short-Term Liabilities $911.0M $923.0M $27.60M
YoY Change -0.11% 3244.2% 46.03%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $70.00M $65.00M $9.900M
YoY Change -17.65% 556.57% 41.43%
Total Long-Term Liabilities $474.0M $475.0M $9.900M
YoY Change -10.06% 4697.98% 41.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $911.0M $923.0M $27.60M
Total Long-Term Liabilities $474.0M $475.0M $9.900M
Total Liabilities $1.385B $1.398B $37.50M
YoY Change -3.75% 3628.0% 44.79%
SHAREHOLDERS EQUITY
Retained Earnings -$2.922B -$2.947B
YoY Change -5.01%
Common Stock $1.000M $1.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.658B $1.635B $1.455B
YoY Change
Total Liabilities & Shareholders Equity $3.043B $3.033B $169.7M
YoY Change 3.54% 1687.27% 85.87%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $25.00M $36.00M $29.00M
YoY Change -21.88% 24.14% 16958.82%
Depreciation, Depletion And Amortization $14.00M $15.00M $14.00M
YoY Change 16.67% 7.14%
Cash From Operating Activities $13.00M -$255.0M -$249.0M
YoY Change 2.41%
INVESTING ACTIVITIES
Capital Expenditures $9.000M $13.00M $13.00M
YoY Change 0.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$9.000M -$13.00M $102.0M
YoY Change -112.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -48.00M $141.0M $116.0M
YoY Change 21.55%
NET CHANGE
Cash From Operating Activities 13.00M -$255.0M -$249.0M
Cash From Investing Activities -9.000M -$13.00M $102.0M
Cash From Financing Activities -48.00M $141.0M $116.0M
Net Change In Cash -44.00M -$127.0M -$31.00M
YoY Change 309.68%
FREE CASH FLOW
Cash From Operating Activities $13.00M -$255.0M -$249.0M
Capital Expenditures $9.000M $13.00M $13.00M
Free Cash Flow $4.000M -$268.0M -$262.0M
YoY Change 2.29%

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CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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CY2022Q1 us-gaap Debt And Capital Lease Obligations
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CY2022Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2021Q1 drs Other Nonoperating Income Expense Nonrecurring Events
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29000000 USD

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