2021 Q2 Form 10-Q Financial Statement

#000156459021040600 Filed on August 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q4 2020 Q2
Revenue $2.417B $1.280B $394.0M
YoY Change 513.45% -19.45% -78.18%
Cost Of Revenue $1.478B $271.0M $263.0M
YoY Change 461.98% -16.36% -63.11%
Gross Profit $939.0M $1.009B $131.0M
YoY Change 616.79% -20.24% -88.01%
Gross Profit Margin 38.85% 78.83% 33.25%
Selling, General & Admin $94.00M $700.0M $418.0M
YoY Change -77.51% -10.71% -49.46%
% of Gross Profit 10.01% 69.38% 319.08%
Research & Development $3.000M $4.000M $12.00M
YoY Change -75.0% -86.21% 71.43%
% of Gross Profit 0.32% 0.4% 9.16%
Depreciation & Amortization $536.0M $301.0M $299.0M
YoY Change 79.26% -21.2% -20.05%
% of Gross Profit 57.08% 29.83% 228.24%
Operating Expenses $633.0M $1.005B $729.0M
YoY Change -13.17% -15.9% -39.65%
Operating Profit $306.0M $4.000M -$598.0M
YoY Change -151.17% -94.29% 420.0%
Interest Expense -$80.00M -$64.00M -$69.00M
YoY Change 15.94% -31.18% 4.55%
% of Operating Profit -26.14% -1600.0%
Other Income/Expense, Net $22.00M -$7.000M -$19.00M
YoY Change -215.79% -153.85% 26.67%
Pretax Income $304.0M -$110.0M -$680.0M
YoY Change -144.71% 423.81% -410.5%
Income Tax $43.00M -$37.00M -$3.000M
% Of Pretax Income 14.14%
Net Earnings $256.0M -$102.0M -$670.0M
YoY Change -138.21% -84.11% -235.35%
Net Earnings / Revenue 10.59% -7.97% -170.05%
Basic Earnings Per Share $0.38 -$1.78
Diluted Earnings Per Share $0.38 -$270.6K -$1.78
COMMON SHARES
Basic Shares Outstanding 671.0M
Diluted Shares Outstanding 673.0M 377.0M

Balance Sheet

Concept 2021 Q2 2020 Q4 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.539B $2.237B $1.474B
YoY Change 4.41% 52.8% -57.52%
Cash & Equivalents $1.348B $2.237B $1.474B
Short-Term Investments
Other Short-Term Assets $312.0M $248.0M $446.0M
YoY Change -30.04% 6.9% 25.99%
Inventory
Prepaid Expenses
Receivables $1.185B $601.0M $515.0M
Other Receivables $70.00M $199.0M $88.00M
Total Short-Term Assets $3.076B $3.260B $3.378B
YoY Change -8.94% -15.35% -34.62%
LONG-TERM ASSETS
Property, Plant & Equipment $15.19B $5.393B $5.686B
YoY Change 167.13% -37.24% -43.35%
Goodwill $753.0M $753.0M
YoY Change 0.0% -10.46%
Intangibles
YoY Change
Long-Term Investments $398.0M
YoY Change
Other Assets $397.0M $271.0M $227.0M
YoY Change 74.89% 38.27% -2.16%
Total Long-Term Assets $16.99B $6.652B $6.979B
YoY Change 143.43% -32.58% -39.22%
TOTAL ASSETS
Total Short-Term Assets $3.076B $3.260B $3.378B
Total Long-Term Assets $16.99B $6.652B $6.979B
Total Assets $20.07B $9.912B $10.36B
YoY Change 93.73% -27.74% -37.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $487.0M $242.0M $309.0M
YoY Change 57.61% -43.46% -40.8%
Accrued Expenses $23.00M $1.000M $4.000M
YoY Change 475.0% -90.0% -89.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.000M $8.000M $7.000M
YoY Change 14.29% 14.29% 0.0%
Total Short-Term Liabilities $3.072B $1.440B $1.452B
YoY Change 111.57% -25.27% -58.12%
LONG-TERM LIABILITIES
Long-Term Debt $6.502B $4.298B $4.296B
YoY Change 51.35% 0.09% 0.05%
Other Long-Term Liabilities $1.248B $551.0M $458.0M
YoY Change 172.49% 29.34% 6.26%
Total Long-Term Liabilities $7.750B $4.849B $4.754B
YoY Change 63.02% 2.73% 0.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.072B $1.440B $1.452B
Total Long-Term Liabilities $7.750B $4.849B $4.754B
Total Liabilities $11.67B $6.289B $6.206B
YoY Change 87.98% -5.39% -24.24%
SHAREHOLDERS EQUITY
Retained Earnings $243.0M $208.0M $586.0M
YoY Change -58.53% -93.39% -84.32%
Common Stock $68.00M $38.00M $38.00M
YoY Change 78.95% 0.0% -7.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.399B $2.885B $3.227B
YoY Change
Total Liabilities & Shareholders Equity $20.07B $9.912B $10.36B
YoY Change 93.73% -27.74% -37.79%

Cashflow Statement

Concept 2021 Q2 2020 Q4 2020 Q2
OPERATING ACTIVITIES
Net Income $256.0M -$102.0M -$670.0M
YoY Change -138.21% -84.11% -235.35%
Depreciation, Depletion And Amortization $536.0M $301.0M $299.0M
YoY Change 79.26% -21.2% -20.05%
Cash From Operating Activities $1.093B $377.0M $107.0M
YoY Change 921.5% -33.74% -82.8%
INVESTING ACTIVITIES
Capital Expenditures $504.0M -$220.0M $307.0M
YoY Change 64.17% -46.47% 2261.54%
Acquisitions
YoY Change
Other Investing Activities $57.00M $315.0M $174.0M
YoY Change -67.24% 632.56% -93.22%
Cash From Investing Activities -$452.0M $95.00M -$134.0M
YoY Change 237.31% -125.82% -106.49%
FINANCING ACTIVITIES
Cash Dividend Paid $229.0M $138.0M $42.00M
YoY Change 445.24% 305.88% 13.51%
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $710.0M
YoY Change
Cash From Financing Activities -982.0M -134.0M -39.00M
YoY Change 2417.95% 482.61% -82.82%
NET CHANGE
Cash From Operating Activities 1.093B 377.0M 107.0M
Cash From Investing Activities -452.0M 95.00M -134.0M
Cash From Financing Activities -982.0M -134.0M -39.00M
Net Change In Cash -339.0M 338.0M -58.00M
YoY Change 484.48% 89.89% -102.32%
FREE CASH FLOW
Cash From Operating Activities $1.093B $377.0M $107.0M
Capital Expenditures $504.0M -$220.0M $307.0M
Free Cash Flow $589.0M $597.0M -$200.0M
YoY Change -394.5% -39.08% -132.84%

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