2022 Q4 Form 10-Q Financial Statement

#000143774922027140 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2021 Q3
Revenue $303.6M $309.4M
YoY Change -67.81% 9.02%
Cost Of Revenue $202.1M $183.9M
YoY Change -64.2% 9.25%
Gross Profit $101.5M $125.5M
YoY Change -73.19% 8.69%
Gross Profit Margin 33.42% 40.57%
Selling, General & Admin $115.4M $121.4M
YoY Change -51.24% 11.93%
% of Gross Profit 113.73% 96.76%
Research & Development $14.74M $13.42M
YoY Change 9.27% 15.69%
% of Gross Profit 14.53% 10.69%
Depreciation & Amortization $12.69M $10.97M
YoY Change 0.84% 24.1%
% of Gross Profit 12.51% 8.74%
Operating Expenses $142.8M $145.8M
YoY Change -45.64% 13.1%
Operating Profit -$41.36M -$20.32M
YoY Change -135.74% 50.98%
Interest Expense -$2.821M -$1.528M
YoY Change 63.73% 46.92%
% of Operating Profit
Other Income/Expense, Net -$922.0K $596.0K
YoY Change -137.53% -40.34%
Pretax Income -$45.10M -$21.26M
YoY Change -138.73% 57.43%
Income Tax -$11.41M -$8.057M
% Of Pretax Income
Net Earnings -$33.69M -$13.20M
YoY Change -138.08% 35.21%
Net Earnings / Revenue -11.1% -4.27%
Basic Earnings Per Share -$0.52 -$0.20
Diluted Earnings Per Share -$522.0K -$202.9K
COMMON SHARES
Basic Shares Outstanding 64.54M 65.06M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.442M $3.785M
YoY Change -96.52% -65.59%
Cash & Equivalents $9.442M $3.785M
Short-Term Investments
Other Short-Term Assets $64.82M $68.64M
YoY Change 96.7% 74.67%
Inventory $342.6M $282.4M
Prepaid Expenses
Receivables $48.97M $30.64M
Other Receivables $0.00 $0.00
Total Short-Term Assets $465.8M $385.5M
YoY Change -18.68% 40.22%
LONG-TERM ASSETS
Property, Plant & Equipment $235.6M $216.1M
YoY Change 3.92% 8.91%
Goodwill $213.3M $208.2M
YoY Change 0.35% 0.05%
Intangibles $277.7M $265.5M
YoY Change -0.78% -1.2%
Long-Term Investments $3.500M $4.600M
YoY Change -23.91% 48.39%
Other Assets $21.64M $27.66M
YoY Change -20.35% 27.56%
Total Long-Term Assets $750.4M $704.4M
YoY Change 0.26% 6.77%
TOTAL ASSETS
Total Short-Term Assets $465.8M $385.5M
Total Long-Term Assets $750.4M $704.4M
Total Assets $1.216B $1.090B
YoY Change -7.96% 16.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.61M $65.36M
YoY Change -41.78% 43.97%
Accrued Expenses $180.9M $173.0M
YoY Change -35.24% 23.49%
Deferred Revenue $34.40M $34.50M
YoY Change -40.07% 27.31%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $160.0M $25.00M
YoY Change 700.0% -33.33%
Total Short-Term Liabilities $419.5M $274.8M
YoY Change -0.35% 17.73%
LONG-TERM LIABILITIES
Long-Term Debt $138.2M $156.8M
YoY Change -9.0% -10.66%
Other Long-Term Liabilities $17.43M $26.93M
YoY Change -21.16% 18.98%
Total Long-Term Liabilities $155.6M $183.7M
YoY Change -10.55% -7.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $419.5M $274.8M
Total Long-Term Liabilities $155.6M $183.7M
Total Liabilities $738.9M $599.5M
YoY Change -2.3% 10.38%
SHAREHOLDERS EQUITY
Retained Earnings $282.1M $273.0M
YoY Change -21.95% 73.03%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $187.0M $157.8M
YoY Change 7.26% 23.8%
Treasury Stock Shares
Shareholders Equity $477.3M $490.4M
YoY Change
Total Liabilities & Shareholders Equity $1.216B $1.090B
YoY Change -7.96% 16.61%

Cashflow Statement

Concept 2022 Q4 2021 Q3
OPERATING ACTIVITIES
Net Income -$33.69M -$13.20M
YoY Change -138.08% 35.21%
Depreciation, Depletion And Amortization $12.69M $10.97M
YoY Change 0.84% 24.1%
Cash From Operating Activities -$146.3M -$150.2M
YoY Change -143.55% 65.55%
INVESTING ACTIVITIES
Capital Expenditures $11.03M $11.12M
YoY Change -151.35% 59.84%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$11.03M -$11.12M
YoY Change -73.9% -95.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $9.065M
YoY Change 733.18%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $135.3M -$8.502M
YoY Change -611.52% -107.12%
NET CHANGE
Cash From Operating Activities -$146.3M -$150.2M
Cash From Investing Activities -$11.03M -$11.12M
Cash From Financing Activities $135.3M -$8.502M
Net Change In Cash -$22.02M -$169.8M
YoY Change -108.24% -26.02%
FREE CASH FLOW
Cash From Operating Activities -$146.3M -$150.2M
Capital Expenditures $11.03M $11.12M
Free Cash Flow -$157.4M -$161.3M
YoY Change -144.02% 65.14%

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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022 us-gaap Number Of Reporting Units
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CY2022Q4 us-gaap Use Of Estimates
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b><i>Use of Estimates</i></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</p>
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
33700000 usd
CY2022Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
16900000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
34400000 usd
CY2022Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1555000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3005000 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
381000 usd
CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
741000 usd
CY2022Q4 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1174000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
2264000 usd
CY2022Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1555000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3005000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
197407000 usd
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
128760000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
34187000 usd
CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
29270000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
111007000 usd
CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
89533000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
342601000 usd
CY2021Q3 us-gaap Inventory Net
InventoryNet
247563000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
213287000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
213287000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1826000 usd
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2503000 usd
CY2022Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
298174000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
38875000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
27540000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11335000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
38875000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
26480000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12395000 usd
CY2022Q4 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
133173000 usd
CY2022Q4 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
133173000 usd
CY2022Q3 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
133173000 usd
CY2022Q3 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
133173000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
172048000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
27540000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
144508000 usd
CY2022Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
172048000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
26480000 usd
CY2022Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
145568000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
3200000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4200000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1700000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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1200000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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500000 usd
CY2022Q4 flws Finitelived Intangible Asset Expected Amortization After Year Four
FinitelivedIntangibleAssetExpectedAmortizationAfterYearFour
500000 usd
CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
3500000 usd
CY2022Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
162497000 usd
CY2022Q4 us-gaap Debt Current
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160000000 usd
CY2022Q3 us-gaap Debt Current
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20000000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
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138174000 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations
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142497000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
490686000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
479787000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
255131000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
243306000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
235555000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
236481000 usd
CY2022Q4 us-gaap Trading Securities
TradingSecurities
17305000 usd
CY2022Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
17305000 usd
CY2022Q3 us-gaap Trading Securities
TradingSecurities
17760000 usd
CY2022Q3 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
17760000 usd
CY2022Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.253 pure
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.379 pure
CY2022Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1400000 usd
CY2022Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
100000 usd
CY2022Q4 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 pure
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
303604000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
309373000 usd
CY2022Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
12694000 usd
CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
10970000 usd
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-41360000 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-20324000 usd
CY2022Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
5347000 usd
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3963000 usd
CY2022Q4 us-gaap Variable Lease Cost
VariableLeaseCost
5851000 usd
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
5130000 usd
CY2022Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1565000 usd
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1581000 usd
CY2022Q4 us-gaap Sublease Income
SubleaseIncome
243000 usd
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
182000 usd
CY2022Q4 us-gaap Lease Cost
LeaseCost
12520000 usd
CY2021Q3 us-gaap Lease Cost
LeaseCost
10492000 usd
CY2022Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
4481000 usd
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
3618000 usd
CY2022Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9985000 usd
CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
31135000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y2M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039 pure
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
14610000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
22171000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
19918000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
18006000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16376000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
82497000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
173578000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
30119000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
143459000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14938000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
128521000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
39525000 usd
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
37617000 usd
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
34419000 usd
CY2022Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
33746000 usd
CY2022Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
18433000 usd
CY2022Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
19506000 usd
CY2022Q4 flws Accrued Florist Payout
AccruedFloristPayout
15918000 usd
CY2022Q3 flws Accrued Florist Payout
AccruedFloristPayout
18938000 usd
CY2022Q4 flws Accrued Purchases Current
AccruedPurchasesCurrent
37273000 usd
CY2022Q3 flws Accrued Purchases Current
AccruedPurchasesCurrent
32141000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
35347000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
33444000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
180915000 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
175392000 usd

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