2023 Q3 Form 10-Q Financial Statement

#000102583523000071 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $200.9M $187.9M
YoY Change 48.06% 61.88%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.400M $2.409M
YoY Change -10.68% -12.37%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $59.27M $47.21M
YoY Change 419.66% 631.18%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $57.05M $62.69M
YoY Change -11.17% 8.6%
Income Tax $12.39M $13.56M
% Of Pretax Income 21.71% 21.63%
Net Earnings $44.67M $48.19M
YoY Change -11.03% 6.74%
Net Earnings / Revenue 22.23% 25.65%
Basic Earnings Per Share $1.17 $1.29
Diluted Earnings Per Share $1.17 $1.29
COMMON SHARES
Basic Shares Outstanding 37.38M shares 37.31M shares
Diluted Shares Outstanding 37.52M shares 37.50M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $370.7M $322.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $41.27M $41.99M
YoY Change -5.96% -8.78%
Goodwill $365.2M $365.2M
YoY Change 0.0% 0.0%
Intangibles $13.43M $14.54M
YoY Change -26.31% -25.52%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $14.03B $13.87B
YoY Change 7.93% 6.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $182.0M $199.4M
YoY Change -7.81% -12.04%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $182.0M $199.4M
YoY Change -7.81% -12.04%
LONG-TERM LIABILITIES
Long-Term Debt $156.0M $155.7M
YoY Change 0.45% 0.35%
Other Long-Term Liabilities $165.0M $128.0M
YoY Change 19.34% 13.63%
Total Long-Term Liabilities $321.0M $283.7M
YoY Change 9.35% 5.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $182.0M $199.4M
Total Long-Term Liabilities $321.0M $283.7M
Total Liabilities $12.41B $12.25B
YoY Change 7.49% 5.29%
SHAREHOLDERS EQUITY
Retained Earnings $715.3M $681.0M
YoY Change 30.65% 34.36%
Common Stock $374.0K $374.0K
YoY Change 0.54% 0.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.612B $1.618B
YoY Change
Total Liabilities & Shareholders Equity $14.03B $13.87B
YoY Change 7.93% 6.01%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $44.67M $48.19M
YoY Change -11.03% 6.74%
Depreciation, Depletion And Amortization $2.400M $2.409M
YoY Change -10.68% -12.37%
Cash From Operating Activities $49.50M $70.61M
YoY Change -32.29% 8.88%
INVESTING ACTIVITIES
Capital Expenditures $600.0K $922.0K
YoY Change -289.27% -282.94%
Acquisitions
YoY Change
Other Investing Activities -$113.9M -$525.0M
YoY Change -23.87% 13.29%
Cash From Investing Activities -$114.5M -$525.9M
YoY Change -23.63% 13.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 113.7M 492.2M
YoY Change -192.36% -177.22%
NET CHANGE
Cash From Operating Activities 49.50M 70.61M
Cash From Investing Activities -114.5M -525.9M
Cash From Financing Activities 113.7M 492.2M
Net Change In Cash 48.70M 36.94M
YoY Change -124.36% -103.56%
FREE CASH FLOW
Cash From Operating Activities $49.50M $70.61M
Capital Expenditures $600.0K $922.0K
Free Cash Flow $48.90M $69.69M
YoY Change -33.4% 6.63%

Facts In Submission

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CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
1729054000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
481000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
193728000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
1535807000 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesHeldToMaturityExcludingAccruedInterestBeforeAllowanceForCreditLoss
710650000 usd
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
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2484000 usd
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
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84617000 usd
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
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628517000 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
735000 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLoss
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CY2023Q2 us-gaap Debt Securities Available For Sale Restricted
DebtSecuritiesAvailableForSaleRestricted
1600000000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Restricted
DebtSecuritiesAvailableForSaleRestricted
734500000 usd
efsc Mortgage Backed Securities Weighted Average Life
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P5Y
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
103168000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
102696000 usd
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1220000 usd
CY2023Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
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1218000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
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367426000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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340209000 usd
CY2023Q2 us-gaap Debt Securities Held To Maturity Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss Maturity Allocated And Single Maturity Date After Year One Through Five
DebtSecuritiesHeldToMaturityAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLossMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughFive
60531000 usd
CY2023Q2 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
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55811000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
99210000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
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CY2023Q2 us-gaap Debt Securities Held To Maturity Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss Maturity Allocated And Single Maturity Date After Year5 Through10
DebtSecuritiesHeldToMaturityAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLossMaturityAllocatedAndSingleMaturityDateAfterYear5Through10
187374000 usd
CY2023Q2 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
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176372000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
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442823000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
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DebtSecuritiesHeldToMaturityAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLossMaturityAllocatedAndSingleMaturityDateAfterYear10
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CY2023Q2 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
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CY2023Q2 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
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CY2023Q2 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
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CY2023Q2 us-gaap Debt Securities Held To Maturity Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss Maturity Without Single Maturity Date
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CY2023Q2 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Fair Value
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48536000 usd
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DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
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CY2023Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
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CY2023Q2 us-gaap Debt Securities Held To Maturity Excluding Accrued Interest Before Allowance For Credit Loss
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CY2023Q2 us-gaap Held To Maturity Securities Fair Value
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CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
323104000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
7828000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
1195337000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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172224000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
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1518441000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
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CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
45806000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
756002000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
147922000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
1478678000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
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efsc Provisions For Credit Losses Available For Sale
ProvisionsForCreditLossesAvailableForSale
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efsc Debt Securities Provision For Credit Losses Chargeoff
DebtSecuritiesProvisionForCreditLossesChargeoff
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CY2023Q2 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
0 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
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CY2023Q2 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
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CY2022Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
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CY2023Q1 us-gaap Debt Securities Available For Sale Realized Gain
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CY2022Q2 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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3600000000 usd
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efsc Proceeds From Sale Of Sba Loan
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500000 usd
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ProceedsFromSaleOfSBALoan
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CY2023Q2 efsc Proceeds From Sale Of Sba Loan
ProceedsFromSaleOfSBALoan
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efsc Proceeds From Sale Of Sba Loan
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CY2023Q2 us-gaap Securities Sold Under Agreements To Repurchase Asset
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CY2023Q2 us-gaap Securities Sold Under Agreements To Repurchase
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CY2023Q2 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash
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148901000 usd
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CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase Asset
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CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase
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270773000 usd
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CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-153000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-456000 usd
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
9180000 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
2313000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6867000 usd
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-170132000 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-42874000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-127258000 usd
CY2023Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
35134000 usd
CY2022Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
20434000 usd
us-gaap Other Noninterest Expense
OtherNoninterestExpense
64212000 usd
us-gaap Other Noninterest Expense
OtherNoninterestExpense
38384000 usd

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