2021 Q1 Form 10-Q Financial Statement

#000080364921000037 Filed on May 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $14.85M $18.82M
YoY Change -21.09% -54.92%
Cost Of Revenue $6.600M $8.800M
YoY Change -25.0% -44.3%
Gross Profit $8.200M $10.10M
YoY Change -18.81% -61.15%
Gross Profit Margin 55.22% 53.67%
Selling, General & Admin $15.70M $10.60M
YoY Change 48.11% -12.4%
% of Gross Profit 191.46% 104.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.351M $5.114M
YoY Change -14.92% -40.43%
% of Gross Profit 53.06% 50.63%
Operating Expenses $20.10M $15.70M
YoY Change 28.03% -0.51%
Operating Profit -$11.90M -$5.600M
YoY Change 112.5% -154.79%
Interest Expense $0.00 $309.0K
YoY Change -100.0% -92.65%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$10.01M $425.5M
YoY Change -102.35% 100.83%
Income Tax $31.00K $40.00K
% Of Pretax Income 0.01%
Net Earnings -$10.02M $424.8M
YoY Change -102.36% 101.77%
Net Earnings / Revenue -67.46% 2256.96%
Basic Earnings Per Share
Diluted Earnings Per Share -$81.97K $3.355M
COMMON SHARES
Basic Shares Outstanding 122.0M shares 122.1M shares
Diluted Shares Outstanding 122.0M shares 126.6M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.971B $3.348B
YoY Change -11.27% 9.08%
Cash & Equivalents $3.000B $3.348B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $14.60M $15.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.986B $3.363B
YoY Change -11.23% 8.47%
LONG-TERM ASSETS
Property, Plant & Equipment $258.1M $259.1M
YoY Change -0.39% -54.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $59.10M
YoY Change 3183.33%
Total Long-Term Assets $275.0M $340.8M
YoY Change -19.3% -44.43%
TOTAL ASSETS
Total Short-Term Assets $2.986B $3.363B
Total Long-Term Assets $275.0M $340.8M
Total Assets $3.261B $3.704B
YoY Change -11.97% -0.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.00M $26.00M
YoY Change -19.23% -38.53%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.10M $31.80M
YoY Change -17.92% -24.82%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $25.50M
YoY Change -100.0% -90.73%
Other Long-Term Liabilities $3.000M $2.200M
YoY Change 36.36% -56.86%
Total Long-Term Liabilities $3.000M $27.70M
YoY Change -89.17% -90.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.10M $31.80M
Total Long-Term Liabilities $3.000M $27.70M
Total Liabilities $29.06M $59.44M
YoY Change -51.12% -81.56%
SHAREHOLDERS EQUITY
Retained Earnings $3.805B $3.788B
YoY Change 0.44% 22.94%
Common Stock $4.296B $4.286B
YoY Change 0.23% -0.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.225B $3.638B
YoY Change
Total Liabilities & Shareholders Equity $3.261B $3.704B
YoY Change -11.97% -0.27%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$10.02M $424.8M
YoY Change -102.36% 101.77%
Depreciation, Depletion And Amortization $4.351M $5.114M
YoY Change -14.92% -40.43%
Cash From Operating Activities $1.548M $11.78M
YoY Change -86.86% -7.77%
INVESTING ACTIVITIES
Capital Expenditures -$3.600M -$1.500M
YoY Change 140.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $572.6M
YoY Change -100.0% -13.63%
Cash From Investing Activities -$3.607M $571.1M
YoY Change -100.63% -13.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.093M $26.88M
YoY Change -77.33% 403.2%
Debt Paid & Issued, Net $0.00 $148.0K
YoY Change -100.0% 3.5%
Cash From Financing Activities -$14.11M -$31.96M
YoY Change -55.84% 269.81%
NET CHANGE
Cash From Operating Activities $1.548M $11.78M
Cash From Investing Activities -$3.607M $571.1M
Cash From Financing Activities -$14.11M -$31.96M
Net Change In Cash -$16.17M $550.9M
YoY Change -102.94% -17.43%
FREE CASH FLOW
Cash From Operating Activities $1.548M $11.78M
Capital Expenditures -$3.600M -$1.500M
Free Cash Flow $5.148M $13.28M
YoY Change -61.23%

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CY2020Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
148000 USD
CY2021Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
6024000 USD
CY2020Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
1936000 USD
CY2021Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1997000 USD
CY2020Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1997000 USD
CY2021Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 USD
CY2020Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
997000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14114000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-31959000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16173000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
550878000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2987225000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2800645000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2971052000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3351523000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
366000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-12000 USD
CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2045000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
840000 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1071000 USD
CY2021Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
5072000 USD
CY2020Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
5791000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2971052000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3348349000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3174000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2971052000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3351523000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3000000000.0 USD
CY2021Q1 us-gaap Real Estate Improvements
RealEstateImprovements
3500000 USD
CY2020Q1 us-gaap Real Estate Improvements
RealEstateImprovements
1200000 USD
CY2021Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
9257000 USD
CY2020Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
11770000 USD
CY2021Q1 us-gaap Variable Lease Income
VariableLeaseIncome
4912000 USD
CY2020Q1 us-gaap Variable Lease Income
VariableLeaseIncome
5373000 USD
CY2021Q1 us-gaap Lease Income
LeaseIncome
14169000 USD
CY2020Q1 us-gaap Lease Income
LeaseIncome
17143000 USD
CY2021Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
6000000.0 USD
CY2021Q1 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.40625
CY2021Q1 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.40625
CY2021Q1 eqc Common Stock Conversion Term
CommonStockConversionTerm
P6M
CY2021Q1 eqc Common Stock Basis For Conversion
CommonStockBasisForConversion
1
CY2021Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
31000 USD
CY2020Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
40000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40000 USD
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
3400000 USD
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
25000 USD
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1548936 shares
CY2021Q1 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
0 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-10038000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
425507000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-20000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
748000 USD
CY2021Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1997000 USD
CY2020Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1997000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12015000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
422762000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-10038000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
425507000 USD
CY2021Q1 eqc Net Income Loss Attributable To Noncontrolling Interest Diluted
NetIncomeLossAttributableToNoncontrollingInterestDiluted
-20000 USD
CY2020Q1 eqc Net Income Loss Attributable To Noncontrolling Interest Diluted
NetIncomeLossAttributableToNoncontrollingInterestDiluted
748000 USD
CY2021Q1 us-gaap Distributed Earnings
DistributedEarnings
1997000 USD
CY2020Q1 us-gaap Distributed Earnings
DistributedEarnings
0 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-12015000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
424759000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122002000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122148000 shares
CY2021Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0650
CY2021Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
2857000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122002000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126605000 shares
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.10
CY2020Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.46
CY2020Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.46
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.10
CY2020Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.35
CY2021Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0650
CY2021Q1 eqc Weighted Average Number Of Shares Restricted Stock Units Unvested
WeightedAverageNumberOfSharesRestrictedStockUnitsUnvested
236000 shares
CY2020Q1 eqc Weighted Average Number Of Shares Restricted Stock Units Unvested
WeightedAverageNumberOfSharesRestrictedStockUnitsUnvested
177000 shares
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment

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