2021 Q2 Form 10-Q Financial Statement

#000169130321000026 Filed on August 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $227.4M $163.7M
YoY Change 38.94% -58.83%
Cost Of Revenue $152.8M $130.8M
YoY Change 16.81% -36.26%
Gross Profit $74.68M $25.28M
YoY Change 195.37% -86.29%
Gross Profit Margin 32.83% 15.44%
Selling, General & Admin $11.12M $8.457M
YoY Change 31.43% -21.57%
% of Gross Profit 14.88% 33.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $40.15M $22.16M
YoY Change 81.22% -13.72%
% of Gross Profit 53.77% 87.64%
Operating Expenses $11.12M $8.457M
YoY Change 31.43% -21.57%
Operating Profit -$2.830M -$5.331M
YoY Change -46.91% -103.6%
Interest Expense -$8.477M -$8.255M
YoY Change 2.69% 18.76%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change
Pretax Income -$11.31M -$13.59M
YoY Change -16.77% -108.57%
Income Tax -$6.626M -$4.425M
% Of Pretax Income
Net Earnings -$4.681M -$9.161M
YoY Change -48.9% -107.3%
Net Earnings / Revenue -2.06% -5.6%
Basic Earnings Per Share -$0.09 -$0.18
Diluted Earnings Per Share -$0.09 -$0.18
COMMON SHARES
Basic Shares Outstanding 51.45M shares 51.19M shares
Diluted Shares Outstanding 51.45M shares 51.19M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $275.4M $229.2M
YoY Change 20.15% 71.56%
Cash & Equivalents $266.9M $220.7M
Short-Term Investments $8.505M $8.500M
Other Short-Term Assets $34.56M $35.00M
YoY Change -1.27% 32.08%
Inventory $140.4M $153.9M
Prepaid Expenses $34.56M $34.97M
Receivables $65.16M $77.01M
Other Receivables $0.00 $24.30M
Total Short-Term Assets $452.1M $519.3M
YoY Change -12.95% 29.58%
LONG-TERM ASSETS
Property, Plant & Equipment $725.7M $602.0M
YoY Change 20.55% 3.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.94M $15.34M
YoY Change -22.15% -22.16%
Total Long-Term Assets $895.0M $877.9M
YoY Change 1.95% -1.33%
TOTAL ASSETS
Total Short-Term Assets $452.1M $519.3M
Total Long-Term Assets $895.0M $877.9M
Total Assets $1.347B $1.397B
YoY Change -3.59% 8.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $48.03M $55.81M
YoY Change -13.93% 53.03%
Accrued Expenses $46.64M $60.34M
YoY Change -22.7% -14.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $130.7M $131.1M
YoY Change -0.36% 8.16%
LONG-TERM LIABILITIES
Long-Term Debt $380.3M $379.5M
YoY Change 0.2% 12.01%
Other Long-Term Liabilities $37.18M $31.82M
YoY Change 16.83% 21.51%
Total Long-Term Liabilities $417.5M $411.4M
YoY Change 1.48% 12.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $130.7M $131.1M
Total Long-Term Liabilities $417.5M $411.4M
Total Liabilities $648.9M $622.2M
YoY Change 4.29% 7.69%
SHAREHOLDERS EQUITY
Retained Earnings $494.3M $578.9M
YoY Change -14.62% 13.26%
Common Stock $536.0K $533.0K
YoY Change 0.56% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $50.58M $50.58M
YoY Change 0.0% 26.44%
Treasury Stock Shares 2.222M shares 2.222B shares
Shareholders Equity $698.2M $775.0M
YoY Change
Total Liabilities & Shareholders Equity $1.347B $1.397B
YoY Change -3.59% 8.27%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$4.681M -$9.161M
YoY Change -48.9% -107.3%
Depreciation, Depletion And Amortization $40.15M $22.16M
YoY Change 81.22% -13.72%
Cash From Operating Activities $68.70M $32.00M
YoY Change 114.69% -86.17%
INVESTING ACTIVITIES
Capital Expenditures $14.17M $25.98M
YoY Change -45.45% -6.23%
Acquisitions
YoY Change
Other Investing Activities $192.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$15.12M -$31.10M
YoY Change -51.38% 10.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.619M -37.10M
YoY Change -76.77% -84.47%
NET CHANGE
Cash From Operating Activities 68.70M 32.00M
Cash From Investing Activities -15.12M -31.10M
Cash From Financing Activities -8.619M -37.10M
Net Change In Cash 44.96M -36.20M
YoY Change -224.2% 1.4%
FREE CASH FLOW
Cash From Operating Activities $68.70M $32.00M
Capital Expenditures $14.17M $25.98M
Free Cash Flow $54.53M $6.021M
YoY Change 805.63% -97.04%

Facts In Submission

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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2021Q2 us-gaap Allocated Share Based Compensation Expense
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4100000 USD
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1800000 USD
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0 USD
CY2020Q4 us-gaap Recorded Unconditional Purchase Obligation
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0 USD
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15700000 USD
us-gaap Royalty Expense
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13600000 USD
us-gaap Royalty Expense
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27800000 USD
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2600000 USD
CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Number Of Reportable Segments
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us-gaap Payments To Acquire Property Plant And Equipment
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23651000 USD
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28266000 USD
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7642000 USD
us-gaap Other Cost Of Operating Revenue
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16138000 USD
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73054000 USD
us-gaap Depreciation Depletion And Amortization
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50848000 USD
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CY2021Q2 hcc Business Interruption
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7020000 USD
CY2020Q2 hcc Business Interruption
BusinessInterruption
0 USD
hcc Business Interruption
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7020000 USD
hcc Business Interruption
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0 USD
CY2021Q2 hcc Idle Mine
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hcc Idle Mine
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hcc Idle Mine
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CY2021Q2 us-gaap Other Nonoperating Income Expense
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CY2020Q2 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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CY2021Q2 us-gaap Interest Income Expense Nonoperating Net
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CY2021Q2 us-gaap Income Tax Expense Benefit
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CY2020Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17006000 USD
us-gaap Income Tax Expense Benefit
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us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
12384000 USD

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