2022 Q4 Form 10-Q Financial Statement

#000119312522281241 Filed on November 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $194.8M $146.3M
YoY Change 5.27% -24.4%
Cost Of Revenue $169.8M $137.9M
YoY Change 28.8% -12.91%
Gross Profit $25.02M $8.447M
YoY Change -53.01% -76.02%
Gross Profit Margin 12.84% 5.77%
Selling, General & Admin $14.40M $11.00M
YoY Change 118.6% 23.99%
% of Gross Profit 57.54% 130.26%
Research & Development $6.905M $15.13M
YoY Change -65.32% -11.57%
% of Gross Profit 27.6% 179.09%
Depreciation & Amortization $38.40M $33.09M
YoY Change 16.9% -20.61%
% of Gross Profit 153.51% 391.7%
Operating Expenses $26.89M $33.91M
YoY Change 6.14% -22.59%
Operating Profit -$1.874M -$25.46M
YoY Change -106.72% 197.0%
Interest Expense -$1.928M $10.87M
YoY Change -94.52% 3.87%
% of Operating Profit
Other Income/Expense, Net $3.001M -$7.594M
YoY Change -885.6% -348.17%
Pretax Income -$8.376M -$33.05M
YoY Change -39.17% 499.66%
Income Tax -$3.924M -$9.527M
% Of Pretax Income
Net Earnings -$4.590M -$23.53M
YoY Change -138.65% 2303.06%
Net Earnings / Revenue -2.36% -16.08%
Basic Earnings Per Share -$0.04
Diluted Earnings Per Share -$0.01 -$0.04
COMMON SHARES
Basic Shares Outstanding 606.3M 541.6M
Diluted Shares Outstanding 554.5M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $104.7M $144.7M
YoY Change -50.12% -24.22%
Cash & Equivalents $104.7M $144.7M
Short-Term Investments
Other Short-Term Assets $16.47M $14.73M
YoY Change -0.52% 15.61%
Inventory $90.67M $92.01M
Prepaid Expenses
Receivables $45.10M $12.48M
Other Receivables $10.70M $12.85M
Total Short-Term Assets $267.7M $283.9M
YoY Change -21.63% -8.5%
LONG-TERM ASSETS
Property, Plant & Equipment $2.570B $2.554B
YoY Change 11.21% 9.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $24.02M $13.30M
YoY Change 121.49% 65.62%
Other Assets $32.30M $4.202M
YoY Change 712.88% 19.68%
Total Long-Term Assets $2.659B $2.651B
YoY Change 11.41% 12.12%
TOTAL ASSETS
Total Short-Term Assets $267.7M $283.9M
Total Long-Term Assets $2.659B $2.651B
Total Assets $2.927B $2.935B
YoY Change 7.27% 9.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $84.75M $87.85M
YoY Change 24.44% 40.4%
Accrued Expenses $60.62M $54.65M
YoY Change 10.4% 21.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $9.483M
YoY Change 68.98%
Total Short-Term Liabilities $178.5M $161.4M
YoY Change 11.27% 27.9%
LONG-TERM LIABILITIES
Long-Term Debt $517.7M $530.7M
YoY Change 0.36% 2.81%
Other Long-Term Liabilities $11.68M $1.987M
YoY Change 21.5% -58.49%
Total Long-Term Liabilities $11.68M $1.987M
YoY Change 21.5% -58.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $178.5M $161.4M
Total Long-Term Liabilities $11.68M $1.987M
Total Liabilities $948.2M $979.9M
YoY Change -2.05% 5.2%
SHAREHOLDERS EQUITY
Retained Earnings -$403.9M -$397.1M
YoY Change 14.22% 9.69%
Common Stock $151.8M $150.8M
YoY Change 11.31% 10.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $31.70M $31.70M
YoY Change 13.12% 13.12%
Treasury Stock Shares $8.133M $8.133M
Shareholders Equity $1.979B $1.955B
YoY Change
Total Liabilities & Shareholders Equity $2.927B $2.935B
YoY Change 7.27% 9.73%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$4.590M -$23.53M
YoY Change -138.65% 2303.06%
Depreciation, Depletion And Amortization $38.40M $33.09M
YoY Change 16.9% -20.61%
Cash From Operating Activities $36.12M -$24.32M
YoY Change -32.3% -156.9%
INVESTING ACTIVITIES
Capital Expenditures $56.14M -$37.43M
YoY Change -294.68% 39.15%
Acquisitions
YoY Change
Other Investing Activities -$3.441M -$15.77M
YoY Change 2134.42% -872.38%
Cash From Investing Activities -$59.58M -$53.20M
YoY Change 105.51% 114.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.08M 23.69M
YoY Change 228.53% -394.92%
NET CHANGE
Cash From Operating Activities 36.12M -24.32M
Cash From Investing Activities -59.58M -53.20M
Cash From Financing Activities -17.08M 23.69M
Net Change In Cash -40.54M -53.84M
YoY Change -311.53% -646.39%
FREE CASH FLOW
Cash From Operating Activities $36.12M -$24.32M
Capital Expenditures $56.14M -$37.43M
Free Cash Flow -$20.02M $13.11M
YoY Change -124.36% -81.18%

Facts In Submission

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CY2021Q3 us-gaap Defined Benefit Plan Service Cost
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CY2021Q3 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2021Q3 hl Shares Withheld For Tax Withholding Obligation Price Per Share
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
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CY2022Q3 us-gaap Finance Lease Liability Payments Due
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CY2022Q3 hl Maximum Allocation Of Forecasted Cad Demonimated Operating Costs
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CY2022Q3 us-gaap Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months
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CY2021Q3 hl Fair Value Asset Liability Recurring Basis Still Held Total Adjustment Net
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