2021 Q3 Form 10-Q Financial Statement

#000170803521000026 Filed on November 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $167.4M $130.7M
YoY Change 28.13% -57.47%
Cost Of Revenue $113.8M $89.84M
YoY Change 26.65% -71.1%
Gross Profit $53.64M $40.83M
YoY Change 31.38% -50.75%
Gross Profit Margin 32.04% 31.25%
Selling, General & Admin $24.84M $18.65M
YoY Change 33.17% -52.82%
% of Gross Profit 46.3% 45.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.60M $19.12M
YoY Change 7.72% -56.78%
% of Gross Profit 38.4% 46.83%
Operating Expenses $24.84M $18.65M
YoY Change 33.17% -52.82%
Operating Profit $22.49M $18.75M
YoY Change 19.94% -54.47%
Interest Expense $9.005M $10.43M
YoY Change -13.66% -62.34%
% of Operating Profit 40.03% 55.61%
Other Income/Expense, Net $218.0K $4.197M
YoY Change -94.81% -328.84%
Pretax Income $7.280M -$1.349M
YoY Change -639.66% -103.1%
Income Tax $2.591M $21.31M
% Of Pretax Income 35.59%
Net Earnings -$71.26M $7.514M
YoY Change -1048.35% -59.7%
Net Earnings / Revenue -42.56% 5.75%
Basic Earnings Per Share -$0.52 $0.06
Diluted Earnings Per Share -$0.52 $0.06
COMMON SHARES
Basic Shares Outstanding 136.1M shares 135.1M shares
Diluted Shares Outstanding 137.4M shares 135.1M shares

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $104.8M $164.3M
YoY Change -36.26% 109.36%
Cash & Equivalents $104.8M $122.9M
Short-Term Investments
Other Short-Term Assets $17.51M $37.41M
YoY Change -53.18% -4.32%
Inventory $48.07M $249.7M
Prepaid Expenses
Receivables $81.13M $196.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $251.5M $647.5M
YoY Change -61.16% 9.38%
LONG-TERM ASSETS
Property, Plant & Equipment $595.1M $1.136B
YoY Change -47.6% -3.63%
Goodwill $406.1M $1.264B
YoY Change -67.87% 1.0%
Intangibles $149.1M $638.8M
YoY Change -76.65% -6.52%
Long-Term Investments $455.3M $479.5M
YoY Change -5.05% 0.48%
Other Assets $14.77M $102.9M
YoY Change -85.65% -20.3%
Total Long-Term Assets $1.651B $3.677B
YoY Change -55.09% -2.56%
TOTAL ASSETS
Total Short-Term Assets $251.5M $647.5M
Total Long-Term Assets $1.651B $3.677B
Total Assets $1.903B $4.324B
YoY Change -56.0% -0.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $49.24M $116.8M
YoY Change -57.85% -11.58%
Accrued Expenses $71.68M $86.12M
YoY Change -16.76% -20.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $9.000M $14.54M
YoY Change -38.09% 77.08%
Total Short-Term Liabilities $138.0M $234.2M
YoY Change -41.08% -10.86%
LONG-TERM LIABILITIES
Long-Term Debt $874.6M $1.905B
YoY Change -54.09% -5.07%
Other Long-Term Liabilities $29.59M $118.2M
YoY Change -74.97% 11.61%
Total Long-Term Liabilities $904.2M $2.023B
YoY Change -55.31% -4.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $138.0M $234.2M
Total Long-Term Liabilities $904.2M $2.023B
Total Liabilities $1.196B $2.520B
YoY Change -52.56% -4.13%
SHAREHOLDERS EQUITY
Retained Earnings -$341.1M $126.7M
YoY Change -369.3% 50.96%
Common Stock $1.378M $1.368M
YoY Change 0.73% 0.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $12.55M $10.53M
YoY Change 19.15% 104.35%
Treasury Stock Shares 882.2K shares 730.9K shares
Shareholders Equity $707.3M $1.800B
YoY Change
Total Liabilities & Shareholders Equity $1.903B $4.324B
YoY Change -56.0% -0.94%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$71.26M $7.514M
YoY Change -1048.35% -59.7%
Depreciation, Depletion And Amortization $20.60M $19.12M
YoY Change 7.72% -56.78%
Cash From Operating Activities $35.57M $88.50M
YoY Change -59.81% -27.4%
INVESTING ACTIVITIES
Capital Expenditures -$16.61M -$26.25M
YoY Change -36.74% -200.21%
Acquisitions
YoY Change
Other Investing Activities $970.6M $20.43M
YoY Change 4652.12% 285.38%
Cash From Investing Activities $954.0M -$5.829M
YoY Change -16466.65% -71.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -958.5M -4.271M
YoY Change 22341.98% -95.85%
NET CHANGE
Cash From Operating Activities 35.57M 88.50M
Cash From Investing Activities 954.0M -5.829M
Cash From Financing Activities -958.5M -4.271M
Net Change In Cash 31.08M 78.40M
YoY Change -60.35% -4455.39%
FREE CASH FLOW
Cash From Operating Activities $35.57M $88.50M
Capital Expenditures -$16.61M -$26.25M
Free Cash Flow $52.18M $114.8M
YoY Change -54.53% 19.91%

Facts In Submission

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BusinessOptimizationIntegrationRestructuringAndOtherRelatedCosts
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CY2020Q4 us-gaap Long Term Debt Noncurrent
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CY2021Q3 ecvt Debt Instrument Original Issue Discount
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CY2021Q3 ecvt Debt Instrument Basis Spread On Variable Rate
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Depreciation Depletion And Amortization
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us-gaap Allocated Share Based Compensation Expense
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CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2021Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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us-gaap Allocated Share Based Compensation Expense Net Of Tax
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CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q3 us-gaap Restricted Cash Current
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CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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124487000 USD

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