2024 Q2 Form 10-Q Financial Statement

#000127344124000013 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q4
Revenue $165.6M $157.6M $154.9M
YoY Change 4.88% 9.28% -4.73%
Cost Of Revenue $52.73M $53.05M $51.58M
YoY Change 1.04% 19.39% 6.24%
Gross Profit $112.9M $104.5M $103.4M
YoY Change 6.78% 4.78% -9.4%
Gross Profit Margin 68.16% 66.33% 66.71%
Selling, General & Admin $16.90M $12.88M $13.05M
YoY Change 71.26% 1.43% 22.26%
% of Gross Profit 14.97% 12.32% 12.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $55.49M $56.15M $52.63M
YoY Change -1.28% 8.56% 1.65%
% of Gross Profit 49.16% 53.72% 50.92%
Operating Expenses $72.39M $69.03M $66.65M
YoY Change 9.55% 7.16% 6.72%
Operating Profit $40.50M $35.50M $36.71M
YoY Change 2.15% 0.46% -28.9%
Interest Expense -$12.97M -$16.92M -$21.20M
YoY Change -22.52% 32.47% 71.1%
% of Operating Profit -32.02% -47.65% -57.76%
Other Income/Expense, Net -$2.297M
YoY Change -188.41%
Pretax Income $27.30M $17.32M $13.21M
YoY Change 19.17% -25.3% -66.34%
Income Tax -$9.072M $17.40M $5.499M
% Of Pretax Income -33.23% 100.45% 41.63%
Net Earnings $36.37M -$78.00K $7.711M
YoY Change -435.99% -99.2% -76.83%
Net Earnings / Revenue 21.96% -0.05% 4.98%
Basic Earnings Per Share $1.16 $0.00
Diluted Earnings Per Share $1.16 $0.00 $0.23
COMMON SHARES
Basic Shares Outstanding 31.33M shares 32.25M shares 33.29M shares
Diluted Shares Outstanding 31.28M shares 31.81M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $115.3M $126.6M $62.15M
YoY Change 68.29% 19.81% -51.02%
Cash & Equivalents $115.3M $126.6M $62.15M
Short-Term Investments
Other Short-Term Assets $3.074M $3.648M $8.920M
YoY Change -66.25% -68.77% -70.08%
Inventory $30.56M $25.89M $29.04M
Prepaid Expenses
Receivables $5.442M $10.76M $12.36M
Other Receivables $30.85M $0.00 $0.00
Total Short-Term Assets $185.3M $166.9M $112.5M
YoY Change 71.3% 9.6% -33.29%
LONG-TERM ASSETS
Property, Plant & Equipment $1.167B $1.158B $1.143B
YoY Change 2.2% 2.89% 3.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.158M $7.991M $7.963M
YoY Change 6.57% 34.91% -48.07%
Total Long-Term Assets $1.194B $1.235B $1.214B
YoY Change -0.57% 5.23% 4.01%
TOTAL ASSETS
Total Short-Term Assets $185.3M $166.9M $112.5M
Total Long-Term Assets $1.194B $1.235B $1.214B
Total Assets $1.380B $1.402B $1.326B
YoY Change 5.36% 5.73% -0.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $179.7M $192.2M $174.9M
YoY Change -9.14% 5.17% 7.45%
Accrued Expenses $14.50M $15.20M $12.10M
YoY Change 85.9% 216.67% 152.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $35.61M
YoY Change
Long-Term Debt Due $24.72M $24.68M $0.00
YoY Change
Total Short-Term Liabilities $245.7M $257.7M $260.3M
YoY Change 5.36% -1.18% 7.7%
LONG-TERM LIABILITIES
Long-Term Debt $582.1M $583.1M $519.5M
YoY Change -0.64% 0.29% -11.88%
Other Long-Term Liabilities $10.21M $11.06M $10.88M
YoY Change 25.51% 51.1% 55.63%
Total Long-Term Liabilities $713.0M $752.7M $669.6M
YoY Change 3.52% 12.7% -1.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $245.7M $257.7M $260.3M
Total Long-Term Liabilities $713.0M $752.7M $669.6M
Total Liabilities $958.7M $1.010B $929.9M
YoY Change 3.98% 8.8% 1.29%
SHAREHOLDERS EQUITY
Retained Earnings -$826.7M -$863.1M -$863.0M
YoY Change -5.76% -0.38% 0.73%
Common Stock $9.935M $9.935M $9.936M
YoY Change -2.95% -3.28% -3.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $420.9M $392.0M $396.4M
YoY Change
Total Liabilities & Shareholders Equity $1.380B $1.402B $1.326B
YoY Change 5.36% 5.73% -0.7%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $36.37M -$78.00K $7.711M
YoY Change -435.99% -99.2% -76.83%
Depreciation, Depletion And Amortization $55.49M $56.15M $52.63M
YoY Change -1.28% 8.56% 1.65%
Cash From Operating Activities $73.23M $60.83M $70.48M
YoY Change 93.34% 23.5% -1.93%
INVESTING ACTIVITIES
Capital Expenditures $61.27M $55.33M $39.18M
YoY Change -6.55% -22.14% -46.25%
Acquisitions
YoY Change
Other Investing Activities -$13.97M $16.53M $3.349M
YoY Change 141.59% 11.16% -85.45%
Cash From Investing Activities -$75.24M -$38.80M -$35.83M
YoY Change 5.46% -30.95% -28.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.642M $42.52M -95.00M
YoY Change 34.3% -364.1% 610.91%
NET CHANGE
Cash From Operating Activities 73.23M $60.83M 70.48M
Cash From Investing Activities -75.24M -$38.80M -35.83M
Cash From Financing Activities -8.642M $42.52M -95.00M
Net Change In Cash -10.65M $64.50M -60.34M
YoY Change -73.3% -409.77% -798.99%
FREE CASH FLOW
Cash From Operating Activities $73.23M $60.83M $70.48M
Capital Expenditures $61.27M $55.33M $39.18M
Free Cash Flow $11.96M $5.496M $31.31M
YoY Change -143.2% -125.2% -3163.21%

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