2021 Q3 Form 10-Q Financial Statement

#000157419721000057 Filed on November 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $20.70M $8.377M
YoY Change 147.05% -30.27%
Cost Of Revenue $10.17M $6.900M
YoY Change 47.39% -24.18%
Gross Profit $10.53M $1.500M
YoY Change 601.67% -48.28%
Gross Profit Margin 50.86% 17.91%
Selling, General & Admin $20.76M $17.66M
YoY Change 17.56% -31.73%
% of Gross Profit 197.22% 1177.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.342M $3.770M
YoY Change 68.22% -37.99%
% of Gross Profit 60.26% 251.33%
Operating Expenses $20.76M $17.66M
YoY Change 17.56% -31.73%
Operating Profit -$10.23M -$16.16M
YoY Change -36.67% -29.64%
Interest Expense $506.0K $52.50M
YoY Change -99.04%
% of Operating Profit
Other Income/Expense, Net $1.537M $162.0K
YoY Change 848.77% -90.64%
Pretax Income -$8.200M $36.40M
YoY Change -122.53% -258.26%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$3.848M $16.96M
YoY Change -122.68% -259.09%
Net Earnings / Revenue -18.59% 202.51%
Basic Earnings Per Share
Diluted Earnings Per Share -$26.24K $76.54K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $191.1M $270.6M
YoY Change -29.37% -18.1%
Cash & Equivalents $191.1M $270.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $2.167B $2.021B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $2.358B $2.292B
YoY Change 2.91% 2.85%
LONG-TERM ASSETS
Property, Plant & Equipment $31.79M $33.02M
YoY Change -3.73% 2.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $374.4M $441.7M
YoY Change -15.23% -17.49%
Other Assets $1.330M $1.300M
YoY Change 2.31% -23.53%
Total Long-Term Assets $577.9M $671.1M
YoY Change -13.9% -12.66%
TOTAL ASSETS
Total Short-Term Assets $2.358B $2.292B
Total Long-Term Assets $577.9M $671.1M
Total Assets $2.936B $2.963B
YoY Change -0.9% -1.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $151.6M $128.8M
YoY Change 17.67% -23.74%
Accrued Expenses $20.89M $24.80M
YoY Change -15.77% -11.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $346.6M $326.8M
YoY Change 6.05% -11.53%
LONG-TERM LIABILITIES
Long-Term Debt $691.8M $711.6M
YoY Change -2.78% -0.95%
Other Long-Term Liabilities $12.45M $9.000M
YoY Change 38.34% -3.23%
Total Long-Term Liabilities $704.3M $720.6M
YoY Change -2.27% -0.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $346.6M $326.8M
Total Long-Term Liabilities $704.3M $720.6M
Total Liabilities $1.063B $1.059B
YoY Change 0.41% -4.38%
SHAREHOLDERS EQUITY
Retained Earnings $26.31M $41.44M
YoY Change -36.52% 13.71%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $607.4M $614.2M
YoY Change
Total Liabilities & Shareholders Equity $2.936B $2.963B
YoY Change -0.9% -1.13%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$3.848M $16.96M
YoY Change -122.68% -259.09%
Depreciation, Depletion And Amortization $6.342M $3.770M
YoY Change 68.22% -37.99%
Cash From Operating Activities -$44.47M $32.67M
YoY Change -236.11% -137.79%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$630.0K
YoY Change -100.0% 231.58%
Acquisitions
YoY Change
Other Investing Activities $330.0K $23.63M
YoY Change -98.6%
Cash From Investing Activities $330.0K $22.99M
YoY Change -98.56% -12200.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.246M -580.0K
YoY Change 114.83% -100.47%
NET CHANGE
Cash From Operating Activities -44.47M 32.67M
Cash From Investing Activities 330.0K 22.99M
Cash From Financing Activities -1.246M -580.0K
Net Change In Cash -45.38M 55.08M
YoY Change -182.39% 45.87%
FREE CASH FLOW
Cash From Operating Activities -$44.47M $32.67M
Capital Expenditures $0.00 -$630.0K
Free Cash Flow -$44.47M $33.30M
YoY Change -233.53% -138.6%

Facts In Submission

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us-gaap Profit Loss
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0 USD
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978000 USD
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us-gaap Share Based Compensation
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CY2021Q3 fph Percentageof Voting Members Required For Approval
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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271910000 USD
fph Common Stock Numberof Votesfor Each Share Owned
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1 vote
CY2021Q3 fph Numberof Votes Management
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5 vote
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1 vote
fph Other Nonoperating Income Miscellaneous
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CY2021Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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-267000 USD
CY2021Q3 fph Other Nonoperating Income Miscellaneous
OtherNonoperatingIncomeMiscellaneous
1382000 USD
CY2020Q3 fph Other Nonoperating Income Miscellaneous
OtherNonoperatingIncomeMiscellaneous
0 USD
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OtherNonoperatingIncomeMiscellaneous
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CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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20250000 USD
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91000 USD
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267000 USD
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77700000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net
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73000000 USD
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80700000 USD
CY2021Q3 fph Number Of Buildings Owned
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us-gaap Increase Decrease In Contract With Customer Asset
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us-gaap Increase Decrease In Contract With Customer Asset
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7700000 USD
CY2021Q3 us-gaap Area Of Land
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50 acre
fph Noncontrolling Interest Stockholders Right To Exchange Holding Period
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P12M
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1
CY2021Q3 us-gaap Redeemable Noncontrolling Interest Equity Common Redemption Value
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25000000 USD
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Common Redemption Value
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71747000 USD
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4900000 USD
us-gaap Amortization Of Intangible Assets
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15500000 USD
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2400000 USD
us-gaap Amortization Of Intangible Assets
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7100000 USD
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6268000 USD
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CY2021Q3 fph Tax Receivable Agreement Liability Noncurrent
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174100000 USD
CY2020Q4 fph Tax Receivable Agreement Liability Noncurrent
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173200000 USD
fph Aggregate Paymentsfor Contractual Obligation
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28276000 USD
CY2021Q3 us-gaap Operating Lease Liability
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20889000 USD
CY2020Q4 us-gaap Operating Lease Liability
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23831000 USD
CY2021Q3 fph Monetary Payments Subjectto Guaranty Remaining Estimated Amount Maximum
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27734000 USD
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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271910000 USD
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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CY2021Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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289000 USD
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280000 USD
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870000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
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832000 USD
CY2021Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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us-gaap Defined Benefit Plan Amortization Of Gains Losses
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CY2021Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2020Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2020Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2021Q3 fph Income Tax Expense Benefit Other Than Provision
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CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020Q3 us-gaap Income Tax Expense Benefit
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0 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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36400000 USD
fph Income Tax Expense Benefit Other Than Provision
IncomeTaxExpenseBenefitOtherThanProvision
0 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-34200000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021Q3 us-gaap Net Income Loss
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-3848000 USD
CY2020Q3 us-gaap Net Income Loss
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16964000 USD
us-gaap Net Income Loss
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-15916000 USD
us-gaap Net Income Loss
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-1210000 USD
CY2021Q3 fph Adjustmentsto Net Income Loss Attributableto Parent
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-73000 USD
CY2020Q3 fph Adjustmentsto Net Income Loss Attributableto Parent
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fph Adjustmentsto Net Income Loss Attributableto Parent
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CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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16964000 USD
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CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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16964000 USD
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CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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0 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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0 USD
CY2021Q3 fph Allocation Of Net Income Loss To Common Stockholders Basic
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3775000 USD
CY2020Q3 fph Allocation Of Net Income Loss To Common Stockholders Basic
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15711000 USD
fph Allocation Of Net Income Loss To Common Stockholders Basic
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1170000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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16964000 USD
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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0 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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567000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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0 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q3 fph Reallocationof Income Lossto Parent Upon Assumed Exchangeof Common Units Diluted
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0 USD
CY2020Q3 fph Reallocationof Income Lossto Parent Upon Assumed Exchangeof Common Units Diluted
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18693000 USD
fph Reallocationof Income Lossto Parent Upon Assumed Exchangeof Common Units Diluted
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0 USD
fph Reallocationof Income Lossto Parent Upon Assumed Exchangeof Common Units Diluted
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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0 USD
CY2021Q3 fph Allocation Of Net Income Loss To Common Stockholders Diluted
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3775000 USD
CY2020Q3 fph Allocation Of Net Income Loss To Common Stockholders Diluted
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fph Allocation Of Net Income Loss To Common Stockholders Diluted
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15711000 USD
fph Allocation Of Net Income Loss To Common Stockholders Diluted
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1216000 USD
CY2021Q3 us-gaap Aoci Tax Attributable To Parent
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-700000 USD
CY2020Q4 us-gaap Aoci Tax Attributable To Parent
AociTaxAttributableToParent
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