2022 Q1 Form 10-Q Financial Statement

#000095017022000266 Filed on January 12, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q3
Revenue $144.2M $137.0M $78.08M
YoY Change 574.72% 62.94% -4.57%
Cost Of Revenue $72.48M $72.79M $39.55M
YoY Change 347.85% 128.46% 31.15%
Gross Profit $71.67M $64.22M $38.53M
YoY Change 1283.38% 22.97% -25.42%
Gross Profit Margin 49.72% 46.87% 49.34%
Selling, General & Admin $38.41M $40.97M $24.58M
YoY Change 20.36% 75.21% 12.46%
% of Gross Profit 53.59% 63.8% 63.78%
Research & Development $22.79M $25.00M $16.21M
YoY Change 117.93% 75.75% 12.9%
% of Gross Profit 31.8% 38.93% 42.07%
Depreciation & Amortization $51.11M $6.000M $4.900M
YoY Change 4546.64% 53.85% 40.0%
% of Gross Profit 71.31% 9.34% 12.72%
Operating Expenses $80.72M $118.7M $51.50M
YoY Change 68.38% 128.06% 10.34%
Operating Profit -$9.042M -$54.44M -$12.97M
YoY Change -78.85% -28308.29% -360.17%
Interest Expense -$11.66M $10.77M $6.332M
YoY Change -704.72% -38.73% -61.17%
% of Operating Profit
Other Income/Expense, Net $75.95M -$20.61M -$5.022M
YoY Change 38.1% 17.27% -69.21%
Pretax Income $41.06M -$75.05M -$17.99M
YoY Change 235.32% 331.79% 58.93%
Income Tax -$26.66M -$10.80M $6.000M
% Of Pretax Income -64.92%
Net Earnings $56.22M -$59.22M -$20.52M
YoY Change 420.52% 118.78% 16.97%
Net Earnings / Revenue 39.0% -43.22% -26.28%
Basic Earnings Per Share -$0.19 -$0.11
Diluted Earnings Per Share $187.2K -$0.19 -$0.11
COMMON SHARES
Basic Shares Outstanding 301.4M 308.1M 195.1K
Diluted Shares Outstanding 308.1M 195.1K

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $155.5M $56.46M $473.1M
YoY Change -20.14% 11192.4% 33695.21%
Cash & Equivalents $155.5M $56.50M $473.1M
Short-Term Investments
Other Short-Term Assets $45.32M $44.04M $29.59M
YoY Change 78.41% 14579.67% 7297.25%
Inventory
Prepaid Expenses
Receivables $155.3M $104.6M $67.57M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $356.1M $205.1M $570.3M
YoY Change 7.0% 25543.0% 31582.83%
LONG-TERM ASSETS
Property, Plant & Equipment $65.94M $55.78M $47.70M
YoY Change 49.19%
Goodwill $3.757B $3.760B $1.152B
YoY Change 42.92%
Intangibles $1.181B $1.227B $793.4M
YoY Change 43.22%
Long-Term Investments $208.0K $210.0K $219.0K
YoY Change 4.0% -99.95% -99.95%
Other Assets $16.81M $14.85M $10.24M
YoY Change 126.66%
Total Long-Term Assets $5.049B $5.084B $3.500B
YoY Change 44.05% 1128.03% 745.32%
TOTAL ASSETS
Total Short-Term Assets $356.1M $205.1M $570.3M
Total Long-Term Assets $5.049B $5.084B $3.500B
Total Assets $5.405B $5.289B $4.071B
YoY Change 40.83% 1175.12% 878.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.16M $21.37M $9.645M
YoY Change 85.24% 1544.15% 1105.63%
Accrued Expenses $29.12M $23.88M $16.81M
YoY Change 106.55% 1037.05% 1428.55%
Deferred Revenue $191.0M $147.5M $107.4M
YoY Change 112.94%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $89.10M $9.112M $3.999M
YoY Change 1922.63%
Total Short-Term Liabilities $440.4M $295.6M $473.6M
YoY Change 139.35% 8595.5% 24826.58%
LONG-TERM LIABILITIES
Long-Term Debt $863.6M $867.5M $502.6M
YoY Change 71.75%
Other Long-Term Liabilities $712.0K $1.020M $1.025M
YoY Change -32.64% -93.38% -93.34%
Total Long-Term Liabilities $864.3M $868.5M $503.6M
YoY Change 71.53% 5539.89% 3170.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $440.4M $295.6M $473.6M
Total Long-Term Liabilities $864.3M $868.5M $503.6M
Total Liabilities $1.921B $1.882B $1.636B
YoY Change 41.19% 9859.65% 9302.41%
SHAREHOLDERS EQUITY
Retained Earnings -$155.0M -$211.2M -$152.0M
YoY Change -1534.96%
Common Stock $3.362B $3.349B $2.272B
YoY Change 62.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.473M $2.473M $2.473M
YoY Change
Treasury Stock Shares $176.7K $176.7K $176.7K
Shareholders Equity $3.186B $3.107B $2.115B
YoY Change
Total Liabilities & Shareholders Equity $5.405B $5.289B $4.071B
YoY Change 40.83% 1175.12% 878.78%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q3
OPERATING ACTIVITIES
Net Income $56.22M -$59.22M -$20.52M
YoY Change 420.52% 118.78% 16.97%
Depreciation, Depletion And Amortization $51.11M $6.000M $4.900M
YoY Change 4546.64% 53.85% 40.0%
Cash From Operating Activities $22.97M -$13.30M $2.218M
YoY Change 296.0% -143.72% -1156.19%
INVESTING ACTIVITIES
Capital Expenditures -$7.149M -$7.255M -$4.987M
YoY Change -586.33% -39.78% -228.86%
Acquisitions
YoY Change
Other Investing Activities -$2.500M -$774.2M
YoY Change -99.46% -287.01%
Cash From Investing Activities -$9.649M -$781.5M -$4.987M
YoY Change -97.94% -294.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 77.72M 379.7M 254.0M
YoY Change -16707.05% -189.58% 1269775.0%
NET CHANGE
Cash From Operating Activities 22.97M -13.30M 2.218M
Cash From Investing Activities -9.649M -781.5M -4.987M
Cash From Financing Activities 77.72M 379.7M 254.0M
Net Change In Cash 91.04M -415.1M 251.2M
YoY Change -119.71% -4995.94% -132313.68%
FREE CASH FLOW
Cash From Operating Activities $22.97M -$13.30M $2.218M
Capital Expenditures -$7.149M -$7.255M -$4.987M
Free Cash Flow $30.12M -$6.047M $7.205M
YoY Change 595.47% -114.24% -276.59%

Facts In Submission

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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;">Use of Estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">The preparation of our condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</span></p>
us-gaap Prior Period Reclassification Adjustment Description
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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;">Reclassifications</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">Financing lease obligation were previously included in current portion of notes payable and capital lease obligations as well as notes payable and capital lease obligations on the Consolidated Balance Sheets. Beginning March 1, 2021, capital lease obligations became financing lease obligations and were presented separately on the Consolidated Balance Sheets. Additionally, financing leases are no longer presented with notes payable in the notes to the financial statements as all leases are presented together in one note. These reclassifications and changes did not affect our net income, total assets, liabilities, equity or cash flows.</span></p>
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etwo Investor Rights Agreement Amendment Description
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Additionally, the Investor Rights Agreement was amended and restated to add certain of BluJay's existing stockholders as parties, including certain affiliates of Francisco Partners and Temasek as well as include a six month lock-up period from September 1, 2021 through February 28, 2022 for certain equity holders of E2open and BluJay.
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etwo Purchase Agreement Description
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The Investor Rights Agreement also provides Francisco Partners and Temasek the right to nominate one member each to our board of directors. Mr. Deep Shah and Mr. Martin Fichtner became new directors on September 1, 2021
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0000950170-22-000266-index-headers.html Edgar Link pending
0000950170-22-000266-index.html Edgar Link pending
0000950170-22-000266.txt Edgar Link pending
0000950170-22-000266-xbrl.zip Edgar Link pending
etwo-20211130.xsd Edgar Link pending
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