2023 Q1 Form 10-K Financial Statement

#000104734023000012 Filed on February 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.129B $1.040B $4.442B
YoY Change 2.23% 5.71%
Cost Of Revenue $1.032B $958.2M $4.102B
YoY Change 0.24% 3.81%
Gross Profit $97.00M $81.70M $340.2M
YoY Change 105.28% 35.59%
Gross Profit Margin 8.6% 7.86% 7.66%
Selling, General & Admin $47.60M $47.50M $186.8M
YoY Change -1.04% -4.79%
% of Gross Profit 49.07% 58.14% 54.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.10M $22.30M $92.50M
YoY Change -12.89% -2.63%
% of Gross Profit 22.78% 27.29% 27.19%
Operating Expenses $47.60M $47.50M $186.8M
YoY Change -1.04% -4.79%
Operating Profit $74.50M $34.20M $156.3M
YoY Change 2530.77% 104.31%
Interest Expense $8.000M -$6.600M $24.40M
YoY Change -237.5% 14.02%
% of Operating Profit 10.74% -19.3% 15.61%
Other Income/Expense, Net -$9.300M $900.0K -$14.80M
YoY Change -150.0% 228.89%
Pretax Income $57.30M $25.50M $117.8M
YoY Change -600.0% 129.63%
Income Tax $9.500M $6.200M $20.10M
% Of Pretax Income 16.58% 24.31% 17.06%
Net Earnings $39.00M $18.30M $98.60M
YoY Change -263.39% 100.41%
Net Earnings / Revenue 3.46% 1.76% 2.22%
Basic Earnings Per Share $0.81 $0.38 $2.06
Diluted Earnings Per Share $0.81 $0.38 $2.06
COMMON SHARES
Basic Shares Outstanding 47.84M shares 47.85M shares 47.79M shares
Diluted Shares Outstanding 48.15M shares 47.94M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.70M $17.20M $17.20M
YoY Change -9.47% 6.83%
Cash & Equivalents $35.70M $17.20M $17.20M
Short-Term Investments
Other Short-Term Assets $48.10M $90.70M $90.70M
YoY Change 80.32% 125.62%
Inventory $646.9M $669.0M $669.0M
Prepaid Expenses
Receivables $420.9M $373.5M $373.5M
Other Receivables $94.30M $91.00M $91.00M
Total Short-Term Assets $1.246B $1.241B $1.241B
YoY Change 13.23% 13.23%
LONG-TERM ASSETS
Property, Plant & Equipment $1.295B $1.310B $1.523B
YoY Change -7.51% -5.67%
Goodwill $423.1M $422.9M
YoY Change -0.19%
Intangibles $133.4M $166.7M
YoY Change -4.47%
Long-Term Investments $18.90M $18.00M $18.00M
YoY Change 386.49% 106.9%
Other Assets $56.40M $70.90M $118.3M
YoY Change 22.45% 5.91%
Total Long-Term Assets $2.197B $2.218B $2.218B
YoY Change -3.66% -3.66%
TOTAL ASSETS
Total Short-Term Assets $1.246B $1.241B $1.241B
Total Long-Term Assets $2.197B $2.218B $2.218B
Total Assets $3.443B $3.459B $3.459B
YoY Change 1.79% 1.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $537.7M $549.9M $295.9M
YoY Change -0.18% -7.53%
Accrued Expenses $43.90M $37.30M $259.6M
YoY Change -17.48% -2.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.400M $1.300M $1.300M
YoY Change 1200.0% 0.0%
Total Short-Term Liabilities $603.0M $607.0M $607.0M
YoY Change -3.53% -3.53%
LONG-TERM LIABILITIES
Long-Term Debt $479.6M $547.1M $547.1M
YoY Change 14.72% 3.68%
Other Long-Term Liabilities $27.90M $28.50M $258.2M
YoY Change -60.47% -21.16%
Total Long-Term Liabilities $27.90M $28.50M $805.3M
YoY Change -60.47% -5.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $603.0M $607.0M $607.0M
Total Long-Term Liabilities $27.90M $28.50M $805.3M
Total Liabilities $1.424B $1.484B $1.554B
YoY Change -2.67% -2.61%
SHAREHOLDERS EQUITY
Retained Earnings $1.429B $1.398B
YoY Change 5.26%
Common Stock $551.2M $548.6M
YoY Change 1.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.940B $1.905B $1.905B
YoY Change
Total Liabilities & Shareholders Equity $3.443B $3.459B $3.459B
YoY Change 1.79% 1.79%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $39.00M $18.30M $98.60M
YoY Change -263.39% 100.41%
Depreciation, Depletion And Amortization $22.10M $22.30M $92.50M
YoY Change -12.89% -2.63%
Cash From Operating Activities $15.50M -$43.90M $61.80M
YoY Change -462.81% -65.78%
INVESTING ACTIVITIES
Capital Expenditures $10.00M $12.30M $48.10M
YoY Change -194.62% -148.83%
Acquisitions
YoY Change
Other Investing Activities $89.60M $800.0K -$200.0K
YoY Change 166.67% -83.33%
Cash From Investing Activities $79.60M -$11.50M -$49.10M
YoY Change -9.45% -54.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $210.5M $1.046B
YoY Change 31.22%
Cash From Financing Activities -$75.90M 45.00M -$12.00M
YoY Change -1171.43% -86.01%
NET CHANGE
Cash From Operating Activities $15.50M -43.90M $61.80M
Cash From Investing Activities $79.60M -11.50M -$49.10M
Cash From Financing Activities -$75.90M 45.00M -$12.00M
Net Change In Cash $18.50M -10.40M $1.100M
YoY Change 116.67% -106.55%
FREE CASH FLOW
Cash From Operating Activities $15.50M -$43.90M $61.80M
Capital Expenditures $10.00M $12.30M $48.10M
Free Cash Flow $5.500M -$56.20M $13.70M
YoY Change -323.9% -95.09%

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CY2021 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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CY2022 fdp Income Tax Reconciliation Other Taxes In Lieu Of Income
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CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2021 us-gaap Income Tax Expense Benefit Continuing Operations Government Grants
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CY2022Q4 us-gaap Deferred Tax Liabilities
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CY2021Q4 us-gaap Deferred Tax Liabilities
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58700000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Explanation Of Change
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CY2022Q4 fdp Operating Loss Carryforwards Year Three
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CY2022Q4 fdp Operating Loss Carryforwards Year Four
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CY2022Q4 fdp Operating Loss Carryforwards Year Four And Thereafter
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CY2022Q4 fdp Operating Loss Carryforwards No Expiration
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CY2022Q4 us-gaap Operating Loss Carryforwards
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021 fdp Unrecognized Tax Benefits Cumulative Translation Adjustment
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CY2021 fdp Unrecognized Tax Benefits Cumulative Translation Adjustment
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100000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q1 us-gaap Unrecognized Tax Benefits
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3500000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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9200000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2022Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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3000000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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2500000 usd
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CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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199000000.0 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
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CY2021Q4 us-gaap Finance Lease Right Of Use Asset
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CY2022Q4 fdp Leased Assets
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CY2021Q4 fdp Leased Assets
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CY2022Q4 us-gaap Operating Lease Liability Current
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CY2021Q4 us-gaap Operating Lease Liability Current
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37000000.0 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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CY2022Q4 us-gaap Finance Lease Liability Noncurrent
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CY2021Q4 us-gaap Finance Lease Liability Noncurrent
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CY2022Q4 fdp Lease Liabilities
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CY2021Q4 fdp Lease Liabilities
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CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2022 us-gaap Operating Lease Cost
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CY2021 us-gaap Operating Lease Cost
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CY2021 us-gaap Operating Lease Cost
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CY2022 us-gaap Short Term Lease Cost
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CY2021 us-gaap Short Term Lease Cost
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CY2021 us-gaap Short Term Lease Cost
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CY2022 us-gaap Variable Lease Cost
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CY2021 us-gaap Variable Lease Cost
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CY2021 us-gaap Variable Lease Cost
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CY2022 us-gaap Lease Cost
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CY2021 us-gaap Lease Cost
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CY2021 us-gaap Lease Cost
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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36300000 usd
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30200000 usd
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2022Q4 us-gaap Finance Lease Liability Payments Due
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CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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CY2022Q4 us-gaap Operating Lease Liability
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CY2022Q4 us-gaap Finance Lease Liability
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CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
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33900000 usd
CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Costs Capitalized
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CY2021 us-gaap Interest Costs Capitalized
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CY2021 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021 us-gaap Earnings Per Share Basic
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CY2021 us-gaap Earnings Per Share Diluted
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3100000 usd
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2400000 usd
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400000 usd
CY2022Q4 us-gaap Accrual For Environmental Loss Contingencies Undiscounted Due In Fifth Year
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CY2022Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
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CY2022Q4 us-gaap Collateral Already Posted Aggregate Fair Value
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CY2021Q4 us-gaap Foreign Currency Cash Flow Hedge Asset At Fair Value
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CY2022Q4 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
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CY2021Q4 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
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CY2022Q4 us-gaap Cash Flow Hedge Derivative Instrument Assets At Fair Value
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CY2021Q4 us-gaap Cash Flow Hedge Derivative Instrument Assets At Fair Value
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CY2022Q4 us-gaap Foreign Currency Cash Flow Hedge Liability At Fair Value
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CY2021Q4 us-gaap Foreign Currency Cash Flow Hedge Liability At Fair Value
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CY2021Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
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CY2022Q4 us-gaap Cash Flow Hedge Derivative Instrument Liabilities At Fair Value
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CY2021Q4 us-gaap Cash Flow Hedge Derivative Instrument Liabilities At Fair Value
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CY2021 us-gaap Revenue From Related Parties
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CY2022 us-gaap Proceeds From Payments To Minority Shareholders
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CY2021 us-gaap Proceeds From Payments To Minority Shareholders
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CY2022Q4 us-gaap Due From Related Parties Noncurrent
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CY2021Q4 us-gaap Due From Related Parties Noncurrent
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CY2022Q3 us-gaap Revenues
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CY2022Q3 us-gaap Revenues
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CY2022Q4 us-gaap Revenues
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CY2022Q2 us-gaap Gross Profit
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CY2022Q3 us-gaap Gross Profit
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CY2022Q3 us-gaap Gross Profit
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CY2022Q4 us-gaap Gross Profit
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CY2022Q2 us-gaap Profit Loss
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CY2022Q3 us-gaap Profit Loss
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CY2022Q3 us-gaap Profit Loss
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CY2022Q4 us-gaap Profit Loss
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CY2022Q2 us-gaap Net Income Loss
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CY2022Q3 us-gaap Net Income Loss
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CY2022Q3 us-gaap Net Income Loss
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CY2022Q4 us-gaap Net Income Loss
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18300000 usd
CY2022Q2 us-gaap Earnings Per Share Basic
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CY2022Q3 us-gaap Earnings Per Share Basic
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CY2022Q3 us-gaap Earnings Per Share Basic
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CY2022Q4 us-gaap Earnings Per Share Basic
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CY2022Q2 us-gaap Earnings Per Share Diluted
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CY2022Q3 us-gaap Earnings Per Share Diluted
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CY2022Q3 us-gaap Earnings Per Share Diluted
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CY2022Q4 us-gaap Earnings Per Share Diluted
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CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q2 us-gaap Revenues
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CY2021Q3 us-gaap Revenues
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CY2021Q4 us-gaap Revenues
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CY2021Q4 us-gaap Revenues
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CY2021Q2 us-gaap Gross Profit
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CY2021Q3 us-gaap Gross Profit
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CY2021Q4 us-gaap Gross Profit
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CY2021Q4 us-gaap Gross Profit
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CY2021Q2 us-gaap Profit Loss
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CY2021Q3 us-gaap Profit Loss
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CY2021Q4 us-gaap Profit Loss
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CY2021Q4 us-gaap Profit Loss
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CY2021Q2 us-gaap Net Income Loss
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CY2021Q3 us-gaap Net Income Loss
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CY2021Q4 us-gaap Net Income Loss
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CY2021Q4 us-gaap Net Income Loss
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CY2021Q2 us-gaap Earnings Per Share Basic
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CY2021Q4 us-gaap Earnings Per Share Basic
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CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.99
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2021Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2021Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2022 us-gaap Revenues
Revenues
4442300000 usd
CY2022 us-gaap Gross Profit
GrossProfit
340200000 usd
CY2021 us-gaap Revenues
Revenues
4252000000 usd
CY2021 us-gaap Gross Profit
GrossProfit
303800000 usd
CY2021 us-gaap Revenues
Revenues
4202300000 usd
CY2021 us-gaap Gross Profit
GrossProfit
250900000 usd
CY2022 us-gaap Revenues
Revenues
4442300000 usd
CY2021 us-gaap Revenues
Revenues
4252000000 usd
CY2021 us-gaap Revenues
Revenues
4202300000 usd
CY2022 us-gaap Revenues
Revenues
4442300000 usd
CY2021 us-gaap Revenues
Revenues
4252000000 usd
CY2021 us-gaap Revenues
Revenues
4202300000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1309500000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1415800000 usd
CY2022Q4 us-gaap Assets
Assets
3458900000 usd
CY2021Q4 us-gaap Assets
Assets
3398100000 usd
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
47838680 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
47838680 shares
CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2021Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
28700000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
23700000 usd
CY2022 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
58600000 usd
CY2022 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
100000 usd
CY2022 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
8400000 usd
CY2022Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
513600000 usd
CY2021 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
71100000 usd
CY2021 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
-6800000 usd
CY2021 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
16900000 usd
CY2021Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
463300000 usd
CY2019Q4 fdp Sec Schedule1209 Valuation Allowances And Reserves Amount Net Of Adoption
SECSchedule1209ValuationAllowancesAndReservesAmountNetOfAdoption
360700000 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

Files In Submission

Name View Source Status
fdp-20221230_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
fdp-20221230_def.xml Edgar Link unprocessable
fdp-20221230_pre.xml Edgar Link unprocessable
fdp-20221230_cal.xml Edgar Link unprocessable
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