2021 Form 10-K Financial Statement
#000149315221025444 Filed on October 14, 2021
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $1.447B | $1.346B |
| YoY Change | 7.52% | -4.5% |
| Cost Of Revenue | $1.154B | $1.084B |
| YoY Change | 6.46% | -7.67% |
| Gross Profit | $292.9M | $261.8M |
| YoY Change | 11.9% | 11.31% |
| Gross Profit Margin | 20.24% | 19.45% |
| Selling, General & Admin | $218.5M | $214.8M |
| YoY Change | 1.69% | 5.13% |
| % of Gross Profit | 74.58% | 82.06% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $17.76M | $20.41M |
| YoY Change | -12.96% | -9.81% |
| % of Gross Profit | 6.06% | 7.8% |
| Operating Expenses | $218.5M | $214.8M |
| YoY Change | 1.69% | 5.13% |
| Operating Profit | $74.48M | $46.95M |
| YoY Change | 58.61% | 52.28% |
| Interest Expense | $9.058M | -$300.0K |
| YoY Change | -3119.33% | -115.79% |
| % of Operating Profit | 12.16% | -0.64% |
| Other Income/Expense, Net | -$824.0K | $0.00 |
| YoY Change | -100.0% | |
| Pretax Income | $65.22M | $17.70M |
| YoY Change | 268.5% | 3440.0% |
| Income Tax | -$31.67M | -$3.700M |
| % Of Pretax Income | -48.55% | -20.9% |
| Net Earnings | $96.48M | $21.40M |
| YoY Change | 350.82% | 21300.0% |
| Net Earnings / Revenue | 6.67% | 1.59% |
| Basic Earnings Per Share | $3.78 | $0.82 |
| Diluted Earnings Per Share | $3.703M | $810.6K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 25.50M shares | 26.28M shares |
| Diluted Shares Outstanding | 26.05M shares | 26.44M shares |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $163.6M | $109.2M |
| YoY Change | 49.81% | 23.53% |
| Cash & Equivalents | $107.1M | $84.90M |
| Short-Term Investments | $56.45M | $24.30M |
| Other Short-Term Assets | $177.9M | $168.8M |
| YoY Change | 5.39% | -23.96% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $46.64M | $44.20M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $388.1M | $322.1M |
| YoY Change | 20.5% | -12.59% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $38.50M | $39.60M |
| YoY Change | -2.78% | 15.12% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $11.65M | $8.800M |
| YoY Change | 32.43% | -5.38% |
| Other Assets | $51.89M | $17.40M |
| YoY Change | 198.22% | 7.41% |
| Total Long-Term Assets | $124.5M | $82.70M |
| YoY Change | 50.57% | 9.97% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $388.1M | $322.1M |
| Total Long-Term Assets | $124.5M | $82.70M |
| Total Assets | $512.7M | $404.8M |
| YoY Change | 26.64% | -8.77% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $24.50M | $31.10M |
| YoY Change | -21.22% | -16.17% |
| Accrued Expenses | $118.6M | $114.2M |
| YoY Change | 3.81% | 2.06% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $339.3M | $324.9M |
| YoY Change | 4.44% | -16.5% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $6.707M | $8.700M |
| YoY Change | -22.91% | 690.91% |
| Total Long-Term Liabilities | $6.707M | $8.700M |
| YoY Change | -22.91% | 690.91% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $339.3M | $324.9M |
| Total Long-Term Liabilities | $6.707M | $8.700M |
| Total Liabilities | $347.8M | $330.0M |
| YoY Change | 5.39% | -14.84% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $164.9M | $74.80M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $512.7M | $404.8M |
| YoY Change | 26.64% | -8.77% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $96.48M | $21.40M |
| YoY Change | 350.82% | 21300.0% |
| Depreciation, Depletion And Amortization | $17.76M | $20.41M |
| YoY Change | -12.96% | -9.81% |
| Cash From Operating Activities | $66.62M | -$29.59M |
| YoY Change | -325.14% | -134.75% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$16.77M | -$16.04M |
| YoY Change | 4.52% | -14.13% |
| Acquisitions | $3.673M | $450.0K |
| YoY Change | 716.22% | |
| Other Investing Activities | -$27.29M | -$16.42M |
| YoY Change | 66.22% | 119.23% |
| Cash From Investing Activities | -$44.06M | -$32.46M |
| YoY Change | 35.73% | 24.04% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -4.523M | -5.650M |
| YoY Change | -19.95% | -178.25% |
| NET CHANGE | ||
| Cash From Operating Activities | 66.62M | -29.59M |
| Cash From Investing Activities | -44.06M | -32.46M |
| Cash From Financing Activities | -4.523M | -5.650M |
| Net Change In Cash | 18.04M | -67.70M |
| YoY Change | -126.64% | -202.28% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $66.62M | -$29.59M |
| Capital Expenditures | -$16.77M | -$16.04M |
| Free Cash Flow | $83.39M | -$13.55M |
| YoY Change | -715.39% | -113.05% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
USD | |
| CY2020 | IDT |
Cash Acquired From Acquisition Of Interest In Variable Interest Entity
CashAcquiredFromAcquisitionOfInterestInVariableInterestEntity
|
USD | |
| CY2020 | IDT |
Payments To Acquire Related Party Common Stock And Warrants
PaymentsToAcquireRelatedPartyCommonStockAndWarrants
|
USD | |
| CY2020 | IDT |
Payments To Exercise Warrant To Acquire Related Party Common Stock
PaymentsToExerciseWarrantToAcquireRelatedPartyCommonStock
|
USD | |
| CY2020 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
USD | |
| CY2020 | IDT |
Payment For Acquisition Of Warrant In Variable Interest Entity
PaymentForAcquisitionOfWarrantInVariableInterestEntity
|
USD | |
| CY2020 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
USD | |
| CY2021 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD | |
| CY2021 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
USD | |
| CY2020 | IDT |
Redemption For Visa Mandatory Release Assessment
RedemptionForVisaMandatoryReleaseAssessment
|
USD | |
| CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
|
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| CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
|
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| CY2021 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
USD | |
| CY2021 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
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| CY2020 | us-gaap |
Stock Issued1
StockIssued1
|
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| CY2021 | us-gaap |
Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
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|
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| CY2020 | IDT |
Equity Securities Fv Ni Recognized Gain Loss Net On Equity Securities Redeemed
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|
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| CY2020 | IDT |
Purchase Of Rafael Holdings Inc Warrant
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|
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| CY2020 | IDT |
Exercise Of Rafael Holdings Inc.Warrant
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|
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| CY2020 | IDT |
Redemption For Visa Mandatory Release Assessment
RedemptionForVisaMandatoryReleaseAssessment
|
USD | |
| CY2021 | IDT |
Amount Of Change In Unrealized Gains Or Losses Included In Earnings For Assets Held At End Of Period
AmountOfChangeInUnrealizedGainsOrLossesIncludedInEarningsForAssetsHeldAtEndOfPeriod
|
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| CY2020 | IDT |
Amount Of Change In Unrealized Gains Or Losses Included In Earnings For Assets Held At End Of Period
AmountOfChangeInUnrealizedGainsOrLossesIncludedInEarningsForAssetsHeldAtEndOfPeriod
|
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| CY2019Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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|
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| CY2021 | IDT |
Amount Of Change In Unrealized Gains Or Losses Included In Earnings For Liabilities Held At End Of Period
AmountOfChangeInUnrealizedGainsOrLossesIncludedInEarningsForLiabilitiesHeldAtEndOfPeriod
|
USD | |
| CY2020 | IDT |
Amount Of Change In Unrealized Gains Or Losses Included In Earnings For Liabilities Held At End Of Period
AmountOfChangeInUnrealizedGainsOrLossesIncludedInEarningsForLiabilitiesHeldAtEndOfPeriod
|
USD | |
| CY2020 | IDT |
Fintech Money Transfer Settlement
FintechMoneyTransferSettlement
|
USD | |
| CY2020 | IDT |
Traditional Communications Gain From Sale Of Rights Under Class Action Lawsuit
TraditionalCommunicationsGainFromSaleOfRightsUnderClassActionLawsuit
|
USD | |
| CY2021 | IDT |
Traditional Communications Accrual For Non Income Related Taxes Related To Foreign Subsidiary
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|
USD | |
| CY2020 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
USD | |
| CY2021 | IDT |
Writeoff Of Tax Assets Related To Prior Periods
WriteoffOfTaxAssetsRelatedToPriorPeriods
|
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| CY2021 | us-gaap |
Current Federal Tax Expense Benefit
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|
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| CY2020 | us-gaap |
Current Federal Tax Expense Benefit
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|
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Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
|
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Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
shares | |
| CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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|
||
| CY2021 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
218467000 | USD |
| CY2020 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
214846000 | USD |
| CY2021 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
3429000 | USD |
| CY2020 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
2468000 | USD |
