2023 Q2 Form 10-Q Financial Statement

#000089255323000077 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $908.1M $537.9M $354.1M
YoY Change 124.33% 51.91% 22.74%
Cost Of Revenue $627.5M $386.4M $270.4M
YoY Change 102.42% 42.9% 32.16%
Gross Profit $280.6M $151.5M $83.70M
YoY Change 195.99% 81.0% -0.24%
Gross Profit Margin 30.9% 28.17% 23.64%
Selling, General & Admin $135.3M $93.50M $53.50M
YoY Change 152.9% 74.77% 15.55%
% of Gross Profit 48.22% 61.72% 63.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $62.90M $21.80M $20.50M
YoY Change 189.86% 6.34% 5.13%
% of Gross Profit 22.42% 14.39% 24.49%
Operating Expenses $179.5M $115.3M $63.60M
YoY Change 175.31% 81.29% 15.43%
Operating Profit $101.1M $36.20M $20.10M
YoY Change 241.55% 80.1% -30.21%
Interest Expense -$84.40M -$29.20M -$8.100M
YoY Change 564.57% 260.49% -2800.0%
% of Operating Profit -83.48% -80.66% -40.3%
Other Income/Expense, Net -$800.0K -$800.0K $700.0K
YoY Change -500.0% -214.29%
Pretax Income $10.50M -$19.90M $12.70M
YoY Change -38.6% -256.69% -56.36%
Income Tax $2.400M -$6.400M $2.100M
% Of Pretax Income 22.86% 16.54%
Net Earnings $2.200M -$15.00M $10.20M
YoY Change -83.08% -247.06% -60.16%
Net Earnings / Revenue 0.24% -2.79% 2.88%
Basic Earnings Per Share $0.05 -$0.52 $0.28
Diluted Earnings Per Share $0.05 -$0.35 $0.25
COMMON SHARES
Basic Shares Outstanding 42.73M shares 42.72M shares 35.83M shares
Diluted Shares Outstanding 46.45M shares 41.94M shares 40.79M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $189.8M $166.9M $99.70M
YoY Change 26.79% 67.4% -13.23%
Cash & Equivalents $189.8M $166.9M $99.70M
Short-Term Investments
Other Short-Term Assets $552.9M $148.4M $49.60M
YoY Change 882.06% 199.19% 56.96%
Inventory $634.6M $601.8M $350.6M
Prepaid Expenses $99.60M $104.0M $31.90M
Receivables $1.178B $747.1M $253.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.556B $2.163B $910.8M
YoY Change 152.43% 137.52% 27.6%
LONG-TERM ASSETS
Property, Plant & Equipment $793.3M $738.4M $412.4M
YoY Change 94.82% 79.05% 0.76%
Goodwill $2.828B $2.933B $991.3M
YoY Change 187.12% 195.89% 8.78%
Intangibles $2.913B $3.106B $544.7M
YoY Change 430.29% 470.19% 13.15%
Long-Term Investments $210.5M $104.7M $100.9M
YoY Change 117.01% 3.77% -15.85%
Other Assets $106.9M $120.0M $47.80M
YoY Change 111.68% 151.05% 187.95%
Total Long-Term Assets $6.852B $7.086B $2.175B
YoY Change 217.92% 225.76% 12.21%
TOTAL ASSETS
Total Short-Term Assets $2.556B $2.163B $910.8M
Total Long-Term Assets $6.852B $7.086B $2.175B
Total Assets $9.408B $9.249B $3.086B
YoY Change 196.99% 199.71% 16.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $703.8M $670.1M $185.1M
YoY Change 229.8% 262.02% 21.94%
Accrued Expenses $100.5M $104.7M $34.10M
YoY Change 199.11% 207.04% 5.25%
Deferred Revenue $469.3M $453.5M $177.9M
YoY Change 128.48% 154.92% 67.36%
Short-Term Debt $278.2M $273.4M $256.2M
YoY Change 8.5% 6.71% 0.39%
Long-Term Debt Due $1.700M $273.4M $256.2M
YoY Change -99.34% 6.71% 0.39%
Total Short-Term Liabilities $1.846B $1.733B $721.6M
YoY Change 138.07% 140.11% 9.28%
LONG-TERM LIABILITIES
Long-Term Debt $4.048B $4.052B $618.1M
YoY Change 507.5% 555.49% 103.93%
Other Long-Term Liabilities $92.80M $41.70M $37.60M
YoY Change 162.15% 10.9% -8.74%
Total Long-Term Liabilities $4.141B $4.093B $655.7M
YoY Change 490.08% 524.26% 90.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.846B $1.733B $721.6M
Total Long-Term Liabilities $4.141B $4.093B $655.7M
Total Liabilities $6.733B $6.542B $1.457B
YoY Change 333.4% 349.15% 34.08%
SHAREHOLDERS EQUITY
Retained Earnings $882.5M $880.1M $888.4M
YoY Change -2.1% -0.93% 5.17%
Common Stock $400.0K $400.0K $400.0K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.674B $2.671B $1.621B
YoY Change
Total Liabilities & Shareholders Equity $9.408B $9.249B $3.086B
YoY Change 196.99% 199.71% 16.35%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $2.200M -$15.00M $10.20M
YoY Change -83.08% -247.06% -60.16%
Depreciation, Depletion And Amortization $62.90M $21.80M $20.50M
YoY Change 189.86% 6.34% 5.13%
Cash From Operating Activities $91.60M -$91.10M -$22.20M
YoY Change 163.98% 310.36% -367.47%
INVESTING ACTIVITIES
Capital Expenditures $23.00M $31.40M $12.60M
YoY Change -233.72% 149.21% 9.57%
Acquisitions $4.340B $800.0K
YoY Change 542375.0% -98.55%
Other Investing Activities -$1.000M -$4.343B -$4.900M
YoY Change -95.24% 88524.49% -94.83%
Cash From Investing Activities -$24.00M -$4.374B -$17.50M
YoY Change -37.17% 24894.29% -83.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -34.40M 2.027B $15.90M
YoY Change -163.35% 12648.43% -81.89%
NET CHANGE
Cash From Operating Activities 91.60M -91.10M -$22.20M
Cash From Investing Activities -24.00M -4.374B -$17.50M
Cash From Financing Activities -34.40M 2.027B $15.90M
Net Change In Cash 33.20M -2.438B -$22.50M
YoY Change -34.65% 10736.0% 120.59%
FREE CASH FLOW
Cash From Operating Activities $91.60M -$91.10M -$22.20M
Capital Expenditures $23.00M $31.40M $12.60M
Free Cash Flow $68.60M -$122.5M -$34.80M
YoY Change 32.18% 252.01% 987.5%

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CY2022Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2023Q1 us-gaap Profit Loss
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CY2022Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023Q1 gtls Income Loss From Continuing Operations Net Of Tax Excluding Portion Attributable To Noncontrolling Interest
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CY2022Q1 gtls Income Loss From Continuing Operations Net Of Tax Excluding Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2022Q1 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2023Q1 us-gaap Income Loss From Continuing Operations
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CY2022Q1 us-gaap Income Loss From Continuing Operations
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CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q1 gtls Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest Excluding Foreign Exchange Impact
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CY2022Q1 gtls Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest Excluding Foreign Exchange Impact
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CY2023Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2023Q1 us-gaap Comprehensive Income Net Of Tax
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CY2022Q1 us-gaap Comprehensive Income Net Of Tax
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CY2023Q1 us-gaap Profit Loss
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CY2022Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
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CY2022Q1 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
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CY2023Q1 us-gaap Depreciation And Amortization
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CY2022Q1 us-gaap Depreciation And Amortization
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CY2023Q1 us-gaap Stock Option Plan Expense
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CY2023Q1 us-gaap Amortization Of Financing Costs
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CY2022Q1 us-gaap Amortization Of Financing Costs
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CY2023Q1 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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CY2022Q1 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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CY2023Q1 us-gaap Income Loss From Equity Method Investments
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CY2022Q1 us-gaap Income Loss From Equity Method Investments
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CY2023Q1 us-gaap Other Noncash Income Expense
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CY2022Q1 us-gaap Increase Decrease In Accounts And Other Receivables
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CY2023Q1 us-gaap Increase Decrease In Inventories
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CY2022Q1 us-gaap Increase Decrease In Inventories
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CY2023Q1 gtls Increase Decrease In Contract With Customer Asset And Other Assets
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CY2022Q1 gtls Increase Decrease In Contract With Customer Asset And Other Assets
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
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CY2023Q1 gtls Increase Decrease In Customer Advances And Billings In Excess Of Cost
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CY2022Q1 gtls Increase Decrease In Customer Advances And Billings In Excess Of Cost
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2023Q1 us-gaap Payments To Acquire Investments
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CY2022Q1 us-gaap Payments To Acquire Investments
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CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2023Q1 gtls Government Grant And Other
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Proceeds From Lines Of Credit
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CY2022Q1 us-gaap Proceeds From Lines Of Credit
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CY2023Q1 us-gaap Repayments Of Lines Of Credit
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CY2022Q1 us-gaap Repayments Of Lines Of Credit
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CY2023Q1 us-gaap Proceeds From Issuance Of Secured Debt
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CY2022Q1 us-gaap Proceeds From Issuance Of Secured Debt
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CY2023Q1 us-gaap Payments Of Debt Issuance Costs
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CY2022Q1 us-gaap Payments Of Debt Issuance Costs
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CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
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CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
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CY2023Q1 us-gaap Proceeds From Stock Options Exercised
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CY2022Q1 us-gaap Proceeds From Stock Options Exercised
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CY2023Q1 gtls Share Based Compensation Repurchase Of Shares
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CY2022Q1 gtls Share Based Compensation Repurchase Of Shares
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CY2023Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2022Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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99900000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023Q1 us-gaap Stock Issued During Period Value New Issues
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023Q1 us-gaap Stock Repurchased And Retired During Period Value
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CY2023Q1 us-gaap Dividends Preferred Stock
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CY2023Q1 us-gaap Noncontrolling Interest Increase From Business Combination
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CY2023Q1 us-gaap Stockholders Equity Other
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Profit Loss
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CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2022Q1 us-gaap Stock Repurchased And Retired During Period Value
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CY2022Q1 gtls Stock Issued During Period Value Acquisitions Adjustments
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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 gtls Number Of Locations
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CY2023Q1 us-gaap Use Of Estimates
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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. These estimates may also affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions, based on a number of factors including the current macroeconomic conditions such as inflation and supply chain disruptions, as well as risks set forth in our Annual Report on Form 10-K.</span>
CY2023Q1 us-gaap Number Of Reportable Segments
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CY2023Q1 us-gaap Depreciation Depletion And Amortization
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CY2023Q1 us-gaap Operating Income Loss
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CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q1 us-gaap Depreciation Depletion And Amortization
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CY2022Q1 us-gaap Operating Income Loss
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CY2023Q1 us-gaap Restructuring Charges
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CY2022Q1 us-gaap Restructuring Charges
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CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q1 gtls Business Combination Unallocated Acquired Assets
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CY2022Q4 gtls Business Combination Unallocated Acquired Assets
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CY2023Q1 us-gaap Goodwill
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CY2022Q4 us-gaap Goodwill
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CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2023Q1 gtls Disposal Group Including Discontinued Operation Insurance Receivable
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CY2022Q4 gtls Disposal Group Including Discontinued Operation Insurance Receivable
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CY2023Q1 us-gaap Assets
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CY2022Q4 us-gaap Accounts Receivable Net Current
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CY2023Q1 gtls Changein Accounts Receivable Asa Percentage
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CY2023Q1 us-gaap Contract With Customer Asset Net Current
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CY2022Q4 us-gaap Contract With Customer Asset Net Current
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CY2023Q1 gtls Change In Unbilled Contract Revenue As A Percentage
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CY2023Q1 us-gaap Contract With Customer Liability Current
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CY2023Q1 gtls Change In Customer Advances And Billings In Excess Of Contract Revenue As A Percentage
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CY2023Q1 us-gaap Contract With Customer Liability Noncurrent
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CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
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CY2023Q1 gtls Change In Long Term Deferred Revenue As A Percentage
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CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
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CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
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CY2023Q1 us-gaap Revenue Remaining Performance Obligation
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CY2023Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2023Q1 us-gaap Inventory Raw Materials And Supplies
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CY2022Q4 us-gaap Inventory Raw Materials And Supplies
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CY2023Q1 us-gaap Inventory Work In Process
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CY2022Q4 us-gaap Inventory Work In Process
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CY2023Q1 us-gaap Inventory Finished Goods
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CY2022Q4 us-gaap Inventory Finished Goods
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CY2023Q1 us-gaap Inventory Net
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CY2022Q4 us-gaap Inventory Net
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CY2023Q1 us-gaap Inventory Valuation Reserves
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CY2022Q4 us-gaap Inventory Valuation Reserves
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CY2023Q1 us-gaap Operating Lease Expense
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CY2022Q1 us-gaap Operating Lease Expense
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CY2023Q1 us-gaap Finance Lease Interest Expense
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CY2022Q1 us-gaap Finance Lease Interest Expense
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CY2023Q1 us-gaap Operating Lease Right Of Use Asset
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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CY2023Q1 us-gaap Finance Lease Right Of Use Asset
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CY2022Q4 us-gaap Finance Lease Right Of Use Asset
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CY2023Q1 gtls Right Of Use Assets
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CY2022Q4 gtls Right Of Use Assets
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CY2023Q1 us-gaap Operating Lease Liability Current
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CY2022Q4 us-gaap Operating Lease Liability Current
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CY2023Q1 us-gaap Finance Lease Liability Current
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CY2022Q4 us-gaap Finance Lease Liability Current
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CY2023Q1 us-gaap Operating Lease Liability Noncurrent
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gtls-20230331.htm Edgar Link pending
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