2020 Q3 Form 10-Q Financial Statement

#000156459020046789 Filed on October 19, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $286.9M $572.5M $609.0M
YoY Change -49.89% 5.92% 11.23%
Cost Of Revenue $273.4M $414.6M $440.2M
YoY Change -34.06% 4.3% 9.31%
Gross Profit $13.50M $157.9M $168.8M
YoY Change -91.45% 10.42% 16.57%
Gross Profit Margin 4.71% 27.58% 27.72%
Selling, General & Admin $24.60M $33.80M $39.50M
YoY Change -27.22% 3.68% 11.9%
% of Gross Profit 182.22% 21.41% 23.4%
Research & Development $10.70M $14.20M $14.20M
YoY Change -24.65% 2.16% 9.23%
% of Gross Profit 79.26% 8.99% 8.41%
Depreciation & Amortization $35.60M $34.40M $34.00M
YoY Change 3.49% 10.26% 14.09%
% of Gross Profit 263.7% 21.79% 20.14%
Operating Expenses $35.30M $48.00M $53.70M
YoY Change -26.46% 3.23% 11.18%
Operating Profit -$37.60M $109.9M $115.1M
YoY Change -134.21% 13.89% 19.27%
Interest Expense $9.700M $11.00M $11.90M
YoY Change -11.82% 3.77% 36.78%
% of Operating Profit 10.01% 10.34%
Other Income/Expense, Net
YoY Change
Pretax Income -$47.30M $98.90M $103.2M
YoY Change -147.83% 15.13% 17.54%
Income Tax -$56.90M $18.20M $23.60M
% Of Pretax Income 18.4% 22.87%
Net Earnings $9.700M $80.30M $80.90M
YoY Change -87.92% 0.25% 17.59%
Net Earnings / Revenue 3.38% 14.03% 13.28%
Basic Earnings Per Share $0.12 $0.94 $0.95
Diluted Earnings Per Share $0.12 $0.93 $0.94
COMMON SHARES
Basic Shares Outstanding 83.80M 85.10M 85.20M
Diluted Shares Outstanding 84.00M 86.10M 86.20M

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $68.00M $47.00M $55.40M
YoY Change 44.68% -0.42% 41.69%
Cash & Equivalents $68.00M $47.00M $55.40M
Short-Term Investments
Other Short-Term Assets $46.10M $27.10M $30.40M
YoY Change 70.11% -6.87% -20.83%
Inventory $262.9M $352.2M $339.3M
Prepaid Expenses
Receivables $198.8M $345.3M $313.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $575.8M $771.6M $798.1M
YoY Change -25.38% 10.39% 12.76%
LONG-TERM ASSETS
Property, Plant & Equipment $1.877B $1.924B $1.922B
YoY Change -2.41% 1.56% 2.25%
Goodwill $190.9M $187.8M $189.6M
YoY Change 1.65%
Intangibles $85.70M $91.60M $94.00M
YoY Change -6.44%
Long-Term Investments $45.70M $45.80M $51.80M
YoY Change -0.22% -0.22% 16.14%
Other Assets $196.7M $134.7M $139.7M
YoY Change 46.03% 114.49% 137.59%
Total Long-Term Assets $2.396B $2.384B $2.397B
YoY Change 0.53% 10.99% 12.63%
TOTAL ASSETS
Total Short-Term Assets $575.8M $771.6M $798.1M
Total Long-Term Assets $2.396B $2.384B $2.397B
Total Assets $2.972B $3.155B $3.195B
YoY Change -5.8% 10.84% 12.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $61.10M $164.5M $177.8M
YoY Change -62.86% 14.95% 20.87%
Accrued Expenses $65.60M $102.6M $105.3M
YoY Change -36.06% 103.57% 53.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $500.0K $9.300M $9.700M
YoY Change -94.62% 0.0% 4.3%
Total Short-Term Liabilities $175.5M $347.0M $359.7M
YoY Change -49.42% 28.09% 22.43%
LONG-TERM LIABILITIES
Long-Term Debt $998.7M $1.115B $1.116B
YoY Change -10.45% 13.71% 19.97%
Other Long-Term Liabilities $243.0M $233.3M $234.8M
YoY Change 4.16% 26.18% 37.23%
Total Long-Term Liabilities $1.242B $1.349B $1.351B
YoY Change -7.92% 15.69% 22.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $175.5M $347.0M $359.7M
Total Long-Term Liabilities $1.242B $1.349B $1.351B
Total Liabilities $1.473B $1.737B $1.753B
YoY Change -15.24% 17.46% 22.03%
SHAREHOLDERS EQUITY
Retained Earnings $2.016B $1.920B $1.854B
YoY Change 4.99% 14.74% 15.43%
Common Stock $846.2M $827.8M $819.0M
YoY Change 2.22% 3.96% 3.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.277B $1.169B $1.113B
YoY Change 9.28% 14.52% 21.11%
Treasury Stock Shares $26.10M $24.70M $24.00M
Shareholders Equity $1.499B $1.418B $1.442B
YoY Change
Total Liabilities & Shareholders Equity $2.972B $3.155B $3.195B
YoY Change -5.8% 10.84% 12.66%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $9.700M $80.30M $80.90M
YoY Change -87.92% 0.25% 17.59%
Depreciation, Depletion And Amortization $35.60M $34.40M $34.00M
YoY Change 3.49% 10.26% 14.09%
Cash From Operating Activities $83.40M $120.1M $111.3M
YoY Change -30.56% -0.91% 17.65%
INVESTING ACTIVITIES
Capital Expenditures -$7.400M -$63.40M -$38.20M
YoY Change -88.33% 31.26% -9.91%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$4.800M
YoY Change -100.0%
Cash From Investing Activities -$7.400M -$63.40M -$43.00M
YoY Change -88.33% 29.39% 1.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -267.8M -63.40M -56.70M
YoY Change 322.4% -0.16% -1.9%
NET CHANGE
Cash From Operating Activities 83.40M 120.1M 111.3M
Cash From Investing Activities -7.400M -63.40M -43.00M
Cash From Financing Activities -267.8M -63.40M -56.70M
Net Change In Cash -191.8M -6.700M 11.60M
YoY Change 2762.69% -177.01% -307.14%
FREE CASH FLOW
Cash From Operating Activities $83.40M $120.1M $111.3M
Capital Expenditures -$7.400M -$63.40M -$38.20M
Free Cash Flow $90.80M $183.5M $149.5M
YoY Change -50.52% 8.26% 9.12%

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