2021 Q2 Form 10-Q Financial Statement

#000003872521000175 Filed on August 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $437.3M $308.3M
YoY Change 41.84% -13.23%
Cost Of Revenue $285.0M $201.2M
YoY Change 41.7% -14.63%
Gross Profit $152.2M $107.1M
YoY Change 42.12% -10.52%
Gross Profit Margin 34.81% 34.75%
Selling, General & Admin $100.5M $72.31M
YoY Change 38.96% -4.58%
% of Gross Profit 66.0% 67.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.94M $8.800M
YoY Change 24.26% -3.3%
% of Gross Profit 7.18% 8.21%
Operating Expenses $100.5M $72.31M
YoY Change 38.96% -4.58%
Operating Profit $51.60M $33.90M
YoY Change 52.21% -22.43%
Interest Expense $1.366M $1.132M
YoY Change 20.67% -50.68%
% of Operating Profit 2.65% 3.34%
Other Income/Expense, Net -$430.0K -$397.0K
YoY Change 8.31% 35.96%
Pretax Income $48.62M $31.50M
YoY Change 54.35% -22.42%
Income Tax $9.253M $6.696M
% Of Pretax Income 19.03% 21.26%
Net Earnings $39.10M $24.70M
YoY Change 58.3% -24.46%
Net Earnings / Revenue 8.94% 8.01%
Basic Earnings Per Share $0.84 $0.53
Diluted Earnings Per Share $0.83 $0.52
COMMON SHARES
Basic Shares Outstanding 46.50M shares 46.20M shares
Diluted Shares Outstanding 47.10M shares 46.50M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $81.60M $43.10M
YoY Change 89.32% 5.12%
Cash & Equivalents $81.60M $43.08M
Short-Term Investments
Other Short-Term Assets $33.47M $23.65M
YoY Change 41.52% -32.3%
Inventory $350.1M $299.4M
Prepaid Expenses
Receivables $226.1M $183.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $691.3M $549.3M
YoY Change 25.84% -15.37%
LONG-TERM ASSETS
Property, Plant & Equipment $210.4M $186.4M
YoY Change 12.91% -7.79%
Goodwill $316.4M $256.2M
YoY Change 23.5% 2.4%
Intangibles $244.3M $121.7M
YoY Change 100.67% -6.88%
Long-Term Investments
YoY Change
Other Assets $3.098M $2.086M
YoY Change 48.51% -21.58%
Total Long-Term Assets $819.5M $602.0M
YoY Change 36.14% -3.0%
TOTAL ASSETS
Total Short-Term Assets $691.3M $549.3M
Total Long-Term Assets $819.5M $602.0M
Total Assets $1.511B $1.151B
YoY Change 31.23% -9.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $148.9M $86.77M
YoY Change 71.57% -12.93%
Accrued Expenses $102.1M $75.60M
YoY Change 35.08% 7.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $132.4M $4.200M
YoY Change 3053.05% -96.75%
Total Short-Term Liabilities $387.0M $173.9M
YoY Change 122.55% -42.3%
LONG-TERM LIABILITIES
Long-Term Debt $91.28M $92.50M
YoY Change -1.32% -1.28%
Other Long-Term Liabilities $25.15M $17.94M
YoY Change 40.18% -8.4%
Total Long-Term Liabilities $25.15M $17.94M
YoY Change 40.18% -8.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $387.0M $173.9M
Total Long-Term Liabilities $25.15M $17.94M
Total Liabilities $412.2M $191.8M
YoY Change 114.85% -40.23%
SHAREHOLDERS EQUITY
Retained Earnings $804.0M $715.6M
YoY Change 12.36% 6.26%
Common Stock $303.6M $282.8M
YoY Change 7.35% 5.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $901.3M $773.9M
YoY Change
Total Liabilities & Shareholders Equity $1.511B $1.151B
YoY Change 31.23% -9.32%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $39.10M $24.70M
YoY Change 58.3% -24.46%
Depreciation, Depletion And Amortization $10.94M $8.800M
YoY Change 24.26% -3.3%
Cash From Operating Activities $30.13M $51.70M
YoY Change -41.72% 638.57%
INVESTING ACTIVITIES
Capital Expenditures -$6.077M -$3.900M
YoY Change 55.82% -25.0%
Acquisitions
YoY Change
Other Investing Activities -$181.0M -$200.0K
YoY Change 90391.0% -66.67%
Cash From Investing Activities -$187.0M -$4.100M
YoY Change 4459.98% -28.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 119.1M -44.90M
YoY Change -365.26% 197.35%
NET CHANGE
Cash From Operating Activities 30.13M 51.70M
Cash From Investing Activities -187.0M -4.100M
Cash From Financing Activities 119.1M -44.90M
Net Change In Cash -37.73M 2.700M
YoY Change -1497.3% -119.57%
FREE CASH FLOW
Cash From Operating Activities $30.13M $51.70M
Capital Expenditures -$6.077M -$3.900M
Free Cash Flow $36.21M $55.60M
YoY Change -34.88% 355.74%

Facts In Submission

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10900000 USD
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200000 USD
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66600000 USD
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35100000 USD
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CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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46200000 shares
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46400000 shares
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1000 USD
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8000 USD
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us-gaap Operating Income Loss
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6500000 USD
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ProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
6400000 USD
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9800000 USD
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2700000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
5700000 USD
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
100000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
400000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y1M6D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
9200000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10300000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7000000.0 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4000000.0 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2500000 USD
CY2021Q2 fele Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
6600000 USD

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