2023 Q1 Form 10-K Financial Statement

#000162828023009545 Filed on March 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $569.0M $820.0M $2.693B
YoY Change -7.03% 2481.86% -6.46%
Cost Of Revenue $438.0M $636.0M $2.118B
YoY Change -8.37% 3301.07% -9.18%
Gross Profit $131.0M $184.0M $575.0M
YoY Change -2.24% 1308.88% 5.12%
Gross Profit Margin 23.02% 22.44% 21.35%
Selling, General & Admin $100.0M $96.00M $357.0M
YoY Change 1769.16% 2028.6% 1975.58%
% of Gross Profit 76.34% 52.17% 62.09%
Research & Development $58.00M
YoY Change 20.83%
% of Gross Profit 10.09%
Depreciation & Amortization $22.00M $17.00M $65.00M
YoY Change 46.67% 12.07%
% of Gross Profit 16.79% 9.24% 11.3%
Operating Expenses $106.0M $97.00M $58.00M
YoY Change 1191.11% 1277.84% 20.83%
Operating Profit $25.00M $87.00M $561.0M
YoY Change -55.36% 1345.18% 137.71%
Interest Expense $8.000M -$7.000M $34.00M
YoY Change 0.0% 2233.33% -2.86%
% of Operating Profit 32.0% -8.05% 6.06%
Other Income/Expense, Net -$1.000M -$2.000M -$2.000M
YoY Change 100.0%
Pretax Income $16.00M $78.00M $525.0M
YoY Change -66.67% 1266.02% 162.5%
Income Tax $4.000M $13.00M $120.0M
% Of Pretax Income 25.0% 16.67% 22.86%
Net Earnings $12.00M $65.00M $405.0M
YoY Change -66.67% 1248.55% 162.99%
Net Earnings / Revenue 2.11% 7.93% 15.04%
Basic Earnings Per Share $0.05 $1.88
Diluted Earnings Per Share $0.05 $0.15 $1.88
COMMON SHARES
Basic Shares Outstanding 260.5M shares 145.0M shares 215.0M shares
Diluted Shares Outstanding 262.0M shares 215.0M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $174.0M $306.0M $306.0M
YoY Change 164.04% 288.82% 288.32%
Cash & Equivalents $174.0M $306.0M $306.0M
Short-Term Investments
Other Short-Term Assets $29.00M $24.00M $44.00M
YoY Change 16.0% 9.09% 2344.44%
Inventory $364.0M $319.0M $319.0M
Prepaid Expenses $19.00M $20.00M
Receivables $158.0M $166.0M $1.038B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.712B $1.707B $1.707B
YoY Change 12.85% 22.89% 942.76%
LONG-TERM ASSETS
Property, Plant & Equipment $402.0M $404.0M $404.0M
YoY Change 1075.44% 1194.87% 1194.87%
Goodwill $1.236B $1.236B
YoY Change 29.56% 15.41%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $92.00M $92.00M $158.0M
YoY Change -5.15% -32.85% 2671.93%
Total Long-Term Assets $1.969B $1.970B $1.970B
YoY Change 29.88% 17.26% 4812.72%
TOTAL ASSETS
Total Short-Term Assets $1.712B $1.707B $1.707B
Total Long-Term Assets $1.969B $1.970B $1.970B
Total Assets $3.681B $3.677B $3.677B
YoY Change 21.36% 19.81% 1704.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $258.0M $457.0M $457.0M
YoY Change 4.03% -4.59% 2196.48%
Accrued Expenses $143.0M $164.0M $164.0M
YoY Change 5007.14% 7030.43% 944.59%
Deferred Revenue $247.0M $233.0M
YoY Change 43.6% 33.91%
Short-Term Debt $15.00M $10.00M $0.00
YoY Change 66.67% -33.33%
Long-Term Debt Due $250.0M $29.00M $29.00M
YoY Change 34.41%
Total Short-Term Liabilities $1.019B $1.042B $1.042B
YoY Change 10.4% 5.36% 2656.61%
LONG-TERM LIABILITIES
Long-Term Debt $360.0M $365.0M $365.0M
YoY Change
Other Long-Term Liabilities $111.0M $98.00M $143.0M
YoY Change 70.77% 32.43% 1344.44%
Total Long-Term Liabilities $519.0M $508.0M $508.0M
YoY Change 9.26% 4.31% 5031.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.019B $1.042B $1.042B
Total Long-Term Liabilities $519.0M $508.0M $508.0M
Total Liabilities $1.538B $1.550B $1.550B
YoY Change 10.01% 5.01% 3142.68%
SHAREHOLDERS EQUITY
Retained Earnings -$2.962B -$2.974B
YoY Change 0.51% -0.3%
Common Stock $3.000M $3.000M
YoY Change 200.0% 200.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.143B $2.127B $2.127B
YoY Change
Total Liabilities & Shareholders Equity $3.681B $3.677B $3.677B
YoY Change 21.36% 19.81% 1704.22%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $12.00M $65.00M $405.0M
YoY Change -66.67% 1248.55% 162.99%
Depreciation, Depletion And Amortization $22.00M $17.00M $65.00M
YoY Change 46.67% 12.07%
Cash From Operating Activities -$334.0M $279.0M $33.00M
YoY Change 30.98% -81.46%
INVESTING ACTIVITIES
Capital Expenditures $15.00M $30.00M $65.00M
YoY Change 15.38% 8.33%
Acquisitions -$19.00M
YoY Change -235.71%
Other Investing Activities $1.000M $18.00M $501.0M
YoY Change -16689.4%
Cash From Investing Activities -$14.00M -$12.00M $436.0M
YoY Change 7.69% 1017.95%
FINANCING ACTIVITIES
Cash Dividend Paid $396.0M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $216.0M -24.00M -$403.0M
YoY Change 53.19% 960.53%
NET CHANGE
Cash From Operating Activities -$334.0M 279.0M $33.00M
Cash From Investing Activities -$14.00M -12.00M $436.0M
Cash From Financing Activities $216.0M -24.00M -$403.0M
Net Change In Cash -$132.0M 243.0M $66.00M
YoY Change 3.94% -63.13%
FREE CASH FLOW
Cash From Operating Activities -$334.0M $279.0M $33.00M
Capital Expenditures $15.00M $30.00M $65.00M
Free Cash Flow -$349.0M $249.0M -$32.00M
YoY Change 30.22% -127.12%

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Files In Submission

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