2023 Q3 Form 10-Q Financial Statement

#000095017023040271 Filed on August 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $181.9M $178.1M
YoY Change 24.3% -6.86%
Cost Of Revenue $148.4M $140.5M
YoY Change 7.64% -8.77%
Gross Profit $33.48M $37.66M
YoY Change 296.32% 1.06%
Gross Profit Margin 18.4% 21.14%
Selling, General & Admin $7.600M $10.78M
YoY Change -30.93% 11.26%
% of Gross Profit 22.7% 28.63%
Research & Development $13.70M $6.893M
YoY Change -9.44% -38.46%
% of Gross Profit 40.92% 18.3%
Depreciation & Amortization $37.10M $34.72M
YoY Change 12.13% -9.12%
% of Gross Profit 110.82% 92.19%
Operating Expenses $46.12M $32.85M
YoY Change 36.02% 11.16%
Operating Profit -$12.64M $4.811M
YoY Change -50.35% -37.62%
Interest Expense $10.71M $10.31M
YoY Change -1.51% -1.85%
% of Operating Profit 214.32%
Other Income/Expense, Net -$11.27M -$15.34M
YoY Change 48.46% -26.87%
Pretax Income -$23.92M -$10.53M
YoY Change -27.65% -20.63%
Income Tax -$1.500M $5.162M
% Of Pretax Income
Net Earnings -$22.42M -$15.69M
YoY Change -4.72% 16.05%
Net Earnings / Revenue -12.32% -8.81%
Basic Earnings Per Share -$0.04 -$0.03
Diluted Earnings Per Share -$0.04 -$0.03
COMMON SHARES
Basic Shares Outstanding 617.3B 612.6M
Diluted Shares Outstanding 607.9M 604.1M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $100.7M $106.8M
YoY Change -30.39% -46.12%
Cash & Equivalents $100.7M $106.8M
Short-Term Investments
Other Short-Term Assets $18.41M $27.04M
YoY Change 24.96% 101.96%
Inventory $97.30M $94.61M
Prepaid Expenses
Receivables $16.69M $15.60M
Other Receivables $15.30M $15.12M
Total Short-Term Assets $248.4M $259.2M
YoY Change -12.51% -19.62%
LONG-TERM ASSETS
Property, Plant & Equipment $2.648B $2.616B
YoY Change 3.69% 13.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $16.60M $20.78M
YoY Change 24.82% -13.18%
Other Assets $34.16M $36.01M
YoY Change 713.04% 882.51%
Total Long-Term Assets $2.713B $2.686B
YoY Change 2.34% 12.18%
TOTAL ASSETS
Total Short-Term Assets $248.4M $259.2M
Total Long-Term Assets $2.713B $2.686B
Total Assets $2.961B $2.945B
YoY Change 0.9% 8.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $87.10M $81.65M
YoY Change -0.85% -3.93%
Accrued Expenses $38.20M $50.09M
YoY Change -30.1% -17.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $11.30M $11.21M
YoY Change
Total Short-Term Liabilities $145.4M $151.3M
YoY Change -9.92% -4.35%
LONG-TERM LIABILITIES
Long-Term Debt $605.0M $559.8M
YoY Change 13.99% 10.23%
Other Long-Term Liabilities $14.16M $12.62M
YoY Change 612.43% 401.75%
Total Long-Term Liabilities $14.16M $12.62M
YoY Change 612.43% 401.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $145.4M $151.3M
Total Long-Term Liabilities $14.16M $12.62M
Total Liabilities $983.4M $952.6M
YoY Change 0.36% 1.97%
SHAREHOLDERS EQUITY
Retained Earnings -$457.0M -$430.6M
YoY Change 15.08% 16.36%
Common Stock $154.4M $153.3M
YoY Change 2.33% 11.73%
Preferred Stock
YoY Change
Treasury Stock (at cost) $33.73M $33.73M
YoY Change 6.42% 6.42%
Treasury Stock Shares
Shareholders Equity $1.978B $1.993B
YoY Change
Total Liabilities & Shareholders Equity $2.961B $2.945B
YoY Change 0.9% 8.4%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$22.42M -$15.69M
YoY Change -4.72% 16.05%
Depreciation, Depletion And Amortization $37.10M $34.72M
YoY Change 12.13% -9.12%
Cash From Operating Activities $10.20M $23.78M
YoY Change -141.94% -40.83%
INVESTING ACTIVITIES
Capital Expenditures $55.40M $51.47M
YoY Change -248.01% -249.93%
Acquisitions
YoY Change
Other Investing Activities -$1.700M $80.00K
YoY Change -89.22% -100.73%
Cash From Investing Activities -$57.10M -$51.39M
YoY Change 7.33% 13.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 41.80M 37.23M
YoY Change 76.46% -637.09%
NET CHANGE
Cash From Operating Activities 10.20M 23.78M
Cash From Investing Activities -57.10M -51.39M
Cash From Financing Activities 41.80M 37.23M
Net Change In Cash -5.100M 9.620M
YoY Change -90.53% -180.19%
FREE CASH FLOW
Cash From Operating Activities $10.20M $23.78M
Capital Expenditures $55.40M $51.47M
Free Cash Flow -$45.20M -$27.69M
YoY Change -444.83% -137.16%

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us-gaap Dividends Preferred Stock
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
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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
EarningsPerShareBasic
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CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2023Q2 hl Common Stock Issued Under Atm Program Shares
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CY2023Q2 us-gaap Proceeds From Issuance Or Sale Of Equity
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hl Common Stock Issued Under Atm Program Shares
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
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CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
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us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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us-gaap Shares Paid For Tax Withholding For Share Based Compensation
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2023Q2 hl Shares Withheld For Tax Withholding Obligation Price Per Share
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CY2023Q2 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
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2248000
CY2023Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
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CY2023Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
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CY2023Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
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CY2023Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
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CY2023Q2 us-gaap Finance Lease Liability Payments Due
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
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CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q2 us-gaap Finance Lease Liability
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us-gaap Line Of Credit Facility Commitment Fee Percentage
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CY2023Q2 hl Maximum Allocation Of Forecasted Cad Demonimated Operating Costs
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hl Forecasted Cad Denominated Operating Costs To Be Hedged Term
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CY2023Q2 us-gaap Foreign Currency Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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us-gaap Foreign Currency Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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us-gaap Gain Loss On Components Excluded From Assessment Of Foreign Currency Cash Flow Hedge Effectiveness
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CY2023Q2 us-gaap Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months
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CY2023Q2 hl Fair Value Asset Liability Recurring Basis Still Held Total Adjustment Net
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CY2022Q2 hl Fair Value Asset Liability Recurring Basis Still Held Total Adjustment Net
FairValueAssetLiabilityRecurringBasisStillHeldTotalAdjustmentNet
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hl Fair Value Asset Liability Recurring Basis Still Held Total Adjustment Net
FairValueAssetLiabilityRecurringBasisStillHeldTotalAdjustmentNet
623000
hl Fair Value Asset Liability Recurring Basis Still Held Total Adjustment Net
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ecd Rule10b51 Arr Trmntd Flag
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false
ecd Non Rule10b51 Arr Trmntd Flag
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false
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
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false

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