2021 Q1 Form 10-K Financial Statement

#000104734021000022 Filed on February 24, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2019 Q4 2019 Q3
Revenue $1.002B $1.025B $1.070B
YoY Change -10.35% -1.98% 0.07%
Cost Of Revenue $955.0M $988.9M $994.0M
YoY Change -9.0% -1.45% -2.25%
Gross Profit $47.30M $37.50M $76.20M
YoY Change -30.95% -11.56% 44.87%
Gross Profit Margin 4.72% 3.66% 7.12%
Selling, General & Admin $53.80M $49.40M $51.30M
YoY Change 2.09% 5.56% 3.85%
% of Gross Profit 113.74% 131.73% 67.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.50M $25.20M $24.20M
YoY Change 3.81% -10.0% -14.18%
% of Gross Profit 51.8% 67.2% 31.76%
Operating Expenses $53.80M $49.40M $51.30M
YoY Change 2.09% 5.56% 3.85%
Operating Profit -$6.500M -$11.90M $27.10M
YoY Change -136.52% 170.45% -339.82%
Interest Expense -$5.200M -$5.200M $6.000M
YoY Change -196.3% -21.21% -14.29%
% of Operating Profit 22.14%
Other Income/Expense, Net $700.0K -$7.000M -$500.0K
YoY Change -12.5% 169.23% -79.17%
Pretax Income -$5.400M -$23.70M $21.10M
YoY Change -140.6% -19.93% -202.93%
Income Tax -$4.400M $1.400M $2.900M
% Of Pretax Income 13.74%
Net Earnings $900.0K -$25.80M $18.10M
YoY Change -93.08% -24.12% -184.19%
Net Earnings / Revenue 0.09% -2.52% 1.69%
Basic Earnings Per Share -$0.54 $0.38
Diluted Earnings Per Share $18.99K -$0.54 $0.38
COMMON SHARES
Basic Shares Outstanding 47.38M shares 48.08M shares 48.07M shares
Diluted Shares Outstanding 48.12M shares

Balance Sheet

Concept 2021 Q1 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.50M $33.30M $16.30M
YoY Change -20.29% 56.34% -27.56%
Cash & Equivalents $16.50M $33.30M $16.30M
Short-Term Investments
Other Short-Term Assets $52.90M $27.40M $49.20M
YoY Change 75.75% -65.18% -28.28%
Inventory $507.7M $551.8M $537.0M
Prepaid Expenses
Receivables $359.0M $363.9M $364.5M
Other Receivables $76.20M $75.10M $81.80M
Total Short-Term Assets $1.012B $1.052B $1.049B
YoY Change -7.29% -7.67% -3.66%
LONG-TERM ASSETS
Property, Plant & Equipment $1.420B $1.403B $1.406B
YoY Change 1.7% 0.79% -0.27%
Goodwill $424.0M $423.7M $423.3M
YoY Change 0.17% 0.07% 0.45%
Intangibles $182.1M $189.9M $160.6M
YoY Change 16.58% -4.48% -9.47%
Long-Term Investments $1.900M $1.900M $1.900M
YoY Change 5.56% -66.67% -68.85%
Other Assets $46.90M $49.00M $41.70M
YoY Change -7.31% -17.92% -34.23%
Total Long-Term Assets $2.251B $2.298B $2.296B
YoY Change -2.32% 8.6% 7.64%
TOTAL ASSETS
Total Short-Term Assets $1.012B $1.052B $1.049B
Total Long-Term Assets $2.251B $2.298B $2.296B
Total Assets $3.263B $3.350B $3.345B
YoY Change -3.92% 2.91% 3.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $511.8M $521.4M $482.1M
YoY Change -6.23% -9.45% -11.43%
Accrued Expenses $45.70M $51.10M $39.90M
YoY Change 42.81% -7.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $200.0K $300.0K $400.0K
YoY Change -33.33% -40.0% -20.0%
Total Short-Term Liabilities $554.8M $562.9M $538.8M
YoY Change -6.41% -3.94% -3.42%
LONG-TERM LIABILITIES
Long-Term Debt $541.8M $586.8M $589.3M
YoY Change -9.49% -11.35% -6.31%
Other Long-Term Liabilities $93.00M $70.90M $78.30M
YoY Change -5.39% 32.77% 72.09%
Total Long-Term Liabilities $93.00M $70.90M $78.30M
YoY Change -5.39% 32.77% 72.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $554.8M $562.9M $538.8M
Total Long-Term Liabilities $93.00M $70.90M $78.30M
Total Liabilities $1.463B $1.551B $1.525B
YoY Change -10.22% 4.4% 8.07%
SHAREHOLDERS EQUITY
Retained Earnings $1.271B $1.253B $1.280B
YoY Change 1.4% 3.87% 2.61%
Common Stock $533.6M $531.9M $530.6M
YoY Change 0.19% 0.82% 1.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.728B $1.719B $1.741B
YoY Change
Total Liabilities & Shareholders Equity $3.263B $3.350B $3.345B
YoY Change -3.92% 2.91% 3.82%

Cashflow Statement

Concept 2021 Q1 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $900.0K -$25.80M $18.10M
YoY Change -93.08% -24.12% -184.19%
Depreciation, Depletion And Amortization $24.50M $25.20M $24.20M
YoY Change 3.81% -10.0% -14.18%
Cash From Operating Activities $6.700M $39.00M $65.10M
YoY Change 204.55% -262.5% -39.89%
INVESTING ACTIVITIES
Capital Expenditures -$57.10M -$28.80M -$23.30M
YoY Change 243.98% -8.28% -37.53%
Acquisitions
YoY Change
Other Investing Activities $30.80M $21.40M $20.00M
YoY Change -30900.0% -5.31% 733.33%
Cash From Investing Activities -$26.30M -$7.400M -$3.300M
YoY Change 63.35% -15.91% -90.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 25.60M -12.60M -60.00M
YoY Change 12700.0% -147.37% -31.97%
NET CHANGE
Cash From Operating Activities 6.700M 39.00M 65.10M
Cash From Investing Activities -26.30M -7.400M -3.300M
Cash From Financing Activities 25.60M -12.60M -60.00M
Net Change In Cash 6.000M 19.00M 1.800M
YoY Change -147.62% -406.45% -112.16%
FREE CASH FLOW
Cash From Operating Activities $6.700M $39.00M $65.10M
Capital Expenditures -$57.10M -$28.80M -$23.30M
Free Cash Flow $63.80M $67.80M $88.40M
YoY Change 239.36% 816.22% -39.29%

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0.01
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
47372419 shares
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
47372419 shares
CY2018Q1 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P3Y
CY2018Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000 USD
CY2021Q1 fdp Stock Repurchase Program Cumulative Amount Repurchased
StockRepurchaseProgramCumulativeAmountRepurchased
58300000 USD
CY2021Q1 fdp Stock Repurchase Program Cumulative Number Of Shares Repurchased
StockRepurchaseProgramCumulativeNumberOfSharesRepurchased
2294829 shares
CY2021Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
241700000 USD
CY2021 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
841235 shares
CY2021 fdp Stock Repurchases Excluding Commission
StockRepurchasesExcludingCommission
20800000 USD
CY2021 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
24.71
CY2019 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
723062 shares
CY2019 fdp Stock Repurchases Excluding Commission
StockRepurchasesExcludingCommission
17800000 USD
CY2019 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
24.68
CY2020Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.08
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.06
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
327100000 USD
CY2019 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
40000000.0 USD
CY2019 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
1000000.0 USD
CY2018 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
7200000 USD
CY2021 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
60400000 USD
CY2021 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
2300000 USD
CY2021 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
7500000 USD
CY2021Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
415900000 USD
CY2019 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
8600000 USD
CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
359500000 USD
CY2017Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
292700000 USD
CY2018 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
41100000 USD
CY2018 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
500000 USD
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
327100000 USD

Files In Submission

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