2021 Q4 Form 10-Q Financial Statement

#000169130321000038 Filed on November 02, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $415.5M $202.5M $227.4M
YoY Change 95.78% 12.44% 38.94%
Cost Of Revenue $161.3M $91.97M $152.8M
YoY Change -20.54% -39.24% 16.81%
Gross Profit $254.2M $110.5M $74.68M
YoY Change 2641.18% 410.84% 195.37%
Gross Profit Margin 61.18% 54.57% 32.83%
Selling, General & Admin $9.411M $7.430M $11.12M
YoY Change 20.65% -9.3% 31.43%
% of Gross Profit 3.7% 6.72% 14.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.40M $28.97M $40.15M
YoY Change 0.25% 3.58% 81.22%
% of Gross Profit 15.5% 26.22% 53.77%
Operating Expenses $48.81M $7.430M $11.12M
YoY Change 3.85% -9.3% 31.43%
Operating Profit $205.4M $51.24M -$2.830M
YoY Change -643.8% -452.75% -46.91%
Interest Expense -$9.435M -$8.784M -$8.477M
YoY Change 11.0% 9.0% 2.69%
% of Operating Profit -4.59% -17.14%
Other Income/Expense, Net $0.00 $1.400M $0.00
YoY Change
Pretax Income $165.1M $43.86M -$11.31M
YoY Change -471.12% -294.19% -16.77%
Income Tax $26.66M $5.433M -$6.626M
% Of Pretax Income 16.14% 12.39%
Net Earnings $138.5M $38.43M -$4.681M
YoY Change -510.82% -366.23% -48.9%
Net Earnings / Revenue 33.33% 18.98% -2.06%
Basic Earnings Per Share $0.75 -$0.09
Diluted Earnings Per Share $2.685M $0.74 -$0.09
COMMON SHARES
Basic Shares Outstanding 51.41M shares 51.42M shares 51.45M shares
Diluted Shares Outstanding 51.59M shares 51.45M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $408.4M $276.9M $275.4M
YoY Change 85.29% 23.12% 20.15%
Cash & Equivalents $395.8M $268.4M $266.9M
Short-Term Investments $12.55M $8.505M $8.505M
Other Short-Term Assets $29.05M $35.03M $34.56M
YoY Change -27.18% -12.42% -1.27%
Inventory $59.62M $94.03M $140.4M
Prepaid Expenses $41.09M $35.03M $34.56M
Receivables $122.2M $73.27M $65.16M
Other Receivables $7.991M $0.00 $0.00
Total Short-Term Assets $627.2M $479.2M $452.1M
YoY Change 34.17% -4.54% -12.95%
LONG-TERM ASSETS
Property, Plant & Equipment $696.6M $701.6M $725.7M
YoY Change 9.34% 15.52% 20.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.14M $11.80M $11.94M
YoY Change 7.25% -22.09% -22.15%
Total Long-Term Assets $837.0M $865.4M $895.0M
YoY Change -9.65% -2.66% 1.95%
TOTAL ASSETS
Total Short-Term Assets $627.2M $479.2M $452.1M
Total Long-Term Assets $837.0M $865.4M $895.0M
Total Assets $1.464B $1.345B $1.347B
YoY Change 5.04% -3.34% -3.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.83M $39.14M $48.03M
YoY Change -42.77% -21.73% -13.93%
Accrued Expenses $54.85M $58.11M $46.64M
YoY Change -36.3% -13.92% -22.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change
Total Short-Term Liabilities $122.1M $134.4M $130.7M
YoY Change -28.29% -3.51% -0.36%
LONG-TERM LIABILITIES
Long-Term Debt $339.8M $340.5M $380.3M
YoY Change -10.56% -10.33% 0.2%
Other Long-Term Liabilities $36.32M $37.21M $37.18M
YoY Change 1508.68% 15.3% 16.83%
Total Long-Term Liabilities $376.1M $377.7M $417.5M
YoY Change -1.58% -8.32% 1.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $122.1M $134.4M $130.7M
Total Long-Term Liabilities $376.1M $377.7M $417.5M
Total Liabilities $592.2M $609.2M $648.9M
YoY Change -11.44% -3.49% 4.29%
SHAREHOLDERS EQUITY
Retained Earnings $666.0M $530.1M $494.3M
YoY Change 26.72% -5.65% -14.62%
Common Stock $537.0K $536.0K $536.0K
YoY Change 0.56% 0.56% 0.56%
Preferred Stock
YoY Change
Treasury Stock (at cost) $50.58M $50.58M $50.58M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 2.222M shares 2.222M shares 2.222M shares
Shareholders Equity $872.0M $735.4M $698.2M
YoY Change
Total Liabilities & Shareholders Equity $1.464B $1.345B $1.347B
YoY Change 5.04% -3.34% -3.59%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income $138.5M $38.43M -$4.681M
YoY Change -510.82% -366.23% -48.9%
Depreciation, Depletion And Amortization $39.40M $28.97M $40.15M
YoY Change 0.25% 3.58% 81.22%
Cash From Operating Activities $174.7M $62.93M $68.70M
YoY Change 474.71% 115.51% 114.69%
INVESTING ACTIVITIES
Capital Expenditures -$23.74M $10.50M $14.17M
YoY Change -18.96% -54.95% -45.45%
Acquisitions
YoY Change
Other Investing Activities $17.00K $0.00 $192.0K
YoY Change -91.5%
Cash From Investing Activities -$23.73M -$10.50M -$15.12M
YoY Change -18.46% -62.24% -51.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.54M -50.91M -8.619M
YoY Change 299.02% 825.69% -76.77%
NET CHANGE
Cash From Operating Activities 174.7M 62.93M 68.70M
Cash From Investing Activities -23.73M -10.50M -15.12M
Cash From Financing Activities -23.54M -50.91M -8.619M
Net Change In Cash 127.4M 1.519M 44.96M
YoY Change -2870.52% -137.05% -224.2%
FREE CASH FLOW
Cash From Operating Activities $174.7M $62.93M $68.70M
Capital Expenditures -$23.74M $10.50M $14.17M
Free Cash Flow $198.5M $52.43M $54.53M
YoY Change 232.42% 789.43% 805.63%

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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5400000 USD
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22400000 USD
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22400000 USD
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2500000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
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2944000 USD
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CY2020Q4 us-gaap Long Term Debt Current
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CY2021Q3 us-gaap Long Term Debt Noncurrent
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CY2020Q4 us-gaap Long Term Debt Noncurrent
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379908000 USD
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9400000 USD
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15600000 USD
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FinanceLeaseRightOfUseAssetAccumulatedAmortization
9800000 USD
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2943000 USD
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FinanceLeaseInterestExpense
315000 USD
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FinanceLeaseInterestExpense
2935000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1403000 USD
CY2021Q3 us-gaap Lease Cost
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5190000 USD
CY2020Q3 us-gaap Lease Cost
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4059000 USD
us-gaap Lease Cost
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16729000 USD
us-gaap Lease Cost
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11856000 USD
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FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
7745000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
27885000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Two
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22763000 USD
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3195000 USD
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1353000 USD
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FinanceLeaseLiabilityToBePaidAfterYearFour
156000 USD
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FinanceLeaseLiabilityPaymentsDue
63097000 USD
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5871000 USD
CY2021Q3 hcc Finance Lease Excluding Leases Not Yet Commenced Liability
FinanceLeaseExcludingLeasesNotYetCommencedLiability
57226000 USD
CY2021Q3 hcc Lessee Finance Lease Lease Not Yet Commenced
LesseeFinanceLeaseLeaseNotYetCommenced
3900000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2935000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
22284000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1403000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
10972000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
42842000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
12036000 USD
CY2021Q3 hcc Lessee Finance Lease Lease Not Yet Commenced
LesseeFinanceLeaseLeaseNotYetCommenced
3900000 USD
CY2021Q3 us-gaap Net Income Loss
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38427000 USD
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-14434000 USD
us-gaap Net Income Loss
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12391000 USD
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51416000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51190000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
109000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
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4100000 USD
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WeightedAverageNumberOfDilutedSharesOutstanding
51585000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51190000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51424000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51161000 shares
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0.75
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EarningsPerShareBasic
-0.28
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EarningsPerShareBasic
0.24
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EarningsPerShareDiluted
0.74
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EarningsPerShareDiluted
-0.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
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CY2020Q4 us-gaap Recorded Unconditional Purchase Obligation
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0 USD
CY2021Q3 us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
1400000 USD
CY2020Q1 us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
1800000 USD
CY2021Q3 us-gaap Recorded Unconditional Purchase Obligation
RecordedUnconditionalPurchaseObligation
0 USD
CY2021Q3 us-gaap Royalty Expense
RoyaltyExpense
13200000 USD
us-gaap Royalty Expense
RoyaltyExpense
41600000 USD
CY2020Q3 us-gaap Royalty Expense
RoyaltyExpense
12000000 USD
us-gaap Royalty Expense
RoyaltyExpense
39800000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
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DividendsPayableCurrentAndNoncurrent
2600000 USD
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
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DividendsPayableCurrentAndNoncurrent
2600000 USD
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
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0.05
CY2021Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
2600000 USD
CY2021Q3 us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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570485000 USD
us-gaap Derivative Gain Loss On Derivative Net
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-8700000 USD
CY2021Q3 us-gaap Letters Of Credit Outstanding Amount
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9400000 USD
us-gaap Number Of Operating Segments
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2 segment
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2 segment
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2 segment
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1 segment
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RevenueFromContractWithCustomerIncludingAssessedTax
202467000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
180064000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
643671000 USD
CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10498000 USD
CY2020Q3 us-gaap Payments To Acquire Property Plant And Equipment
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23305000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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34149000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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72059000 USD
CY2021Q3 hcc Net Income Lossbefore Interest Taxes Depreciationand Amortization
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107772000 USD
CY2020Q3 hcc Net Income Lossbefore Interest Taxes Depreciationand Amortization
NetIncomeLossbeforeInterestTaxesDepreciationandAmortization
23859000 USD
hcc Net Income Lossbefore Interest Taxes Depreciationand Amortization
NetIncomeLossbeforeInterestTaxesDepreciationandAmortization
232405000 USD
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NetIncomeLossbeforeInterestTaxesDepreciationandAmortization
121949000 USD
CY2021Q3 us-gaap Other Cost Of Operating Revenue
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6654000 USD
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7064000 USD
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
22792000 USD
us-gaap Other Cost Of Operating Revenue
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22267000 USD
CY2021Q3 us-gaap Depreciation Depletion And Amortization
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28967000 USD
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27965000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
102021000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
78813000 USD
CY2021Q3 us-gaap Selling General And Administrative Expense
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7430000 USD
CY2020Q3 us-gaap Selling General And Administrative Expense
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8192000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
26182000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25105000 USD
CY2021Q3 hcc Business Interruption
BusinessInterruption
6872000 USD
CY2020Q3 hcc Business Interruption
BusinessInterruption
0 USD
hcc Business Interruption
BusinessInterruption
13892000 USD
hcc Business Interruption
BusinessInterruption
0 USD
CY2021Q3 hcc Idle Mine Expense
IdleMineExpense
9327000 USD
CY2020Q3 hcc Idle Mine Expense
IdleMineExpense
0 USD
hcc Idle Mine Expense
IdleMineExpense
20203000 USD
hcc Idle Mine Expense
IdleMineExpense
0 USD
CY2021Q3 us-gaap Other Nonoperating Income Expense
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1400000 USD
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Income Tax Expense Benefit
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1291000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1822000 USD
CY2021Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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CY2020Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-8059000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-25954000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5433000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22439000 USD
CY2021Q3 us-gaap Net Income Loss
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38427000 USD
CY2020Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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12391000 USD
us-gaap Net Income Loss
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-2050000 USD

Files In Submission

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0001691303-21-000038-index-headers.html Edgar Link pending
0001691303-21-000038-index.html Edgar Link pending
0001691303-21-000038.txt Edgar Link pending
0001691303-21-000038-xbrl.zip Edgar Link pending
exhibit311-9302021.htm Edgar Link pending
exhibit312-9302021.htm Edgar Link pending
exhibit321-9302021.htm Edgar Link pending
exhibit95-9302021.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
hcc-20210930.htm Edgar Link pending
hcc-20210930.xsd Edgar Link pending
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