2021 Q1 Form 10-Q Financial Statement

#000121390021024551 Filed on May 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $652.7M $583.9M
YoY Change 11.78% 1.11%
Cost Of Revenue $434.5M $359.5M
YoY Change 20.88% 1.59%
Gross Profit $218.2M $224.5M
YoY Change -2.79% 0.35%
Gross Profit Margin 33.43% 38.44%
Selling, General & Admin $58.78M $60.79M
YoY Change -3.32% 26.27%
% of Gross Profit 26.94% 27.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.30M $30.82M
YoY Change 8.06% 15.68%
% of Gross Profit 15.26% 13.73%
Operating Expenses $642.2M $552.3M
YoY Change 16.28% 1047.12%
Operating Profit $10.45M $31.60M
YoY Change -66.94% -43.66%
Interest Expense $9.189M $9.233M
YoY Change -0.48% 12.61%
% of Operating Profit 87.94% 29.22%
Other Income/Expense, Net -$13.01M -$27.44M
YoY Change -52.6% 394.34%
Pretax Income -$2.559M $4.161M
YoY Change -161.5% -91.77%
Income Tax $6.062M $2.441M
% Of Pretax Income 58.66%
Net Earnings -$8.665M $1.921M
YoY Change -551.07% -94.44%
Net Earnings / Revenue -1.33% 0.33%
Basic Earnings Per Share -$0.16 $0.04
Diluted Earnings Per Share -$0.16 $0.04
COMMON SHARES
Basic Shares Outstanding 52.76M shares 53.61M shares
Diluted Shares Outstanding 52.76M shares 54.78M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.485B $1.268B
YoY Change 17.13% 4.26%
Cash & Equivalents $1.145B $709.5M
Short-Term Investments
Other Short-Term Assets $1.217B $1.112B
YoY Change 9.44% 266.14%
Inventory
Prepaid Expenses
Receivables $111.4M $92.86M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.813B $2.473B
YoY Change 13.77% 10.61%
LONG-TERM ASSETS
Property, Plant & Equipment $357.3M $356.6M
YoY Change 0.2% 17.37%
Goodwill $653.1M $714.5M
YoY Change -8.59% 1.48%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $240.6M $130.9M
YoY Change 83.78% 19.72%
Total Long-Term Assets $1.538B $1.712B
YoY Change -10.17% 8.44%
TOTAL ASSETS
Total Short-Term Assets $2.813B $2.473B
Total Long-Term Assets $1.538B $1.712B
Total Assets $4.351B $4.184B
YoY Change 3.98% 9.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $125.0M $88.40M
YoY Change 41.4% -78.38%
Accrued Expenses $314.1M $228.7M
YoY Change 37.33% 21.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $3.598M
YoY Change -100.0% -86.6%
Long-Term Debt Due $6.600M $3.528M
YoY Change 87.07% -99.02%
Total Short-Term Liabilities $1.603B $1.462B
YoY Change 9.66% -16.21%
LONG-TERM LIABILITIES
Long-Term Debt $1.143B $1.084B
YoY Change 5.48% 162.46%
Other Long-Term Liabilities $39.39M $53.65M
YoY Change -26.58% -12.95%
Total Long-Term Liabilities $1.182B $1.137B
YoY Change 3.97% 139.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.603B $1.462B
Total Long-Term Liabilities $1.182B $1.137B
Total Liabilities $2.945B $2.895B
YoY Change 1.73% 14.61%
SHAREHOLDERS EQUITY
Retained Earnings $1.004B $1.018B
YoY Change -1.37% 44.6%
Common Stock $1.242B $1.199B
YoY Change 3.52% 4.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $703.5M $703.7M
YoY Change -0.03% 78.92%
Treasury Stock Shares 10.63M shares 10.65M shares
Shareholders Equity $1.405B $1.289B
YoY Change
Total Liabilities & Shareholders Equity $4.351B $4.184B
YoY Change 3.98% 9.71%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$8.665M $1.921M
YoY Change -551.07% -94.44%
Depreciation, Depletion And Amortization $33.30M $30.82M
YoY Change 8.06% 15.68%
Cash From Operating Activities -$2.645M $105.9M
YoY Change -102.5% 716.94%
INVESTING ACTIVITIES
Capital Expenditures $16.39M $30.39M
YoY Change -46.06% -3.18%
Acquisitions -$475.0K
YoY Change
Other Investing Activities -$380.0K -$357.0K
YoY Change 6.44% 90.91%
Cash From Investing Activities -$18.23M -$31.61M
YoY Change -42.34% -4.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $240.5M
YoY Change 10472.75%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$269.2M -$242.6M
YoY Change 10.95% -225.92%
NET CHANGE
Cash From Operating Activities -$2.645M $105.9M
Cash From Investing Activities -$18.23M -$31.61M
Cash From Financing Activities -$269.2M -$242.6M
Net Change In Cash -$343.3M -$227.6M
YoY Change 50.8% -242.01%
FREE CASH FLOW
Cash From Operating Activities -$2.645M $105.9M
Capital Expenditures $16.39M $30.39M
Free Cash Flow -$19.04M $75.49M
YoY Change -125.22% -509.64%

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CY2021Q1 us-gaap Payments For Repurchase Of Equity
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q1 eeft Cash In Automated Teller Machine
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SettlementsAssetsRestrictedCash
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CY2020Q1 eeft Settlements Assets Restricted Cash
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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CY2021Q1 us-gaap Finitelived Intangible Assets Acquired1
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CY2021Q1 us-gaap Goodwill Purchase Accounting Adjustments
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CY2021Q1 eeft Total Intangible Assets Acquired During Period
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CY2021Q1 us-gaap Amortization Of Intangible Assets
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CY2021Q1 us-gaap Goodwill
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CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2021Q1 us-gaap Derivative Collateral Right To Reclaim Cash
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CY2020Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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CY2021Q1 us-gaap Operating Income Loss
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CY2021Q1 us-gaap Assets
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CY2020Q4 us-gaap Assets
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CY2020Q1 us-gaap Revenues
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CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
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PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments
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CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
35443000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
21829000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
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CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5625000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
171721000 USD
CY2021Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
13858000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
22549000 USD
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
36407000 USD
CY2020Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
41868000 USD
CY2021Q1 eeft Operating Lease Weighted Average Remaining Lease Terms
OperatingLeaseWeightedAverageRemainingLeaseTerms
P5Y3M18D
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.022 pure
CY2021Q1 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
13669000 USD
CY2020Q1 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
32792000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
28188000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
50525000 USD

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