2022 Q2 Form 10-Q Financial Statement

#000155837022007571 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $2.044B $1.892B $1.755B
YoY Change 16.0% 17.22% 10.17%
Cost Of Revenue $1.654B $1.513B $1.465B
YoY Change 18.57% 19.79% 18.05%
Gross Profit $390.0M $379.0M $290.0M
YoY Change 6.27% 7.98% -17.61%
Gross Profit Margin 19.08% 20.03% 16.52%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $54.00M $53.00M $65.00M
YoY Change 5.88% 1.92% 18.18%
% of Gross Profit 13.85% 13.98% 22.41%
Operating Expenses $175.0M $167.0M $179.0M
YoY Change 24.11% 10.6% 30.66%
Operating Profit $215.0M $210.0M $111.0M
YoY Change -3.15% -223.53% -48.37%
Interest Expense -$17.00M -$24.00M -$16.00M
YoY Change -10.53% 26.32% -27.27%
% of Operating Profit -7.91% -11.43% -14.41%
Other Income/Expense, Net $0.00 $1.000M $8.000M
YoY Change -100.0% 0.0% 300.0%
Pretax Income $196.0M $187.0M $78.00M
YoY Change -4.39% -199.47% -45.45%
Income Tax $51.00M $54.00M $10.00M
% Of Pretax Income 26.02% 28.88% 12.82%
Net Earnings $142.0M $130.0M $67.00M
YoY Change -20.22% -152.85% -41.74%
Net Earnings / Revenue 6.95% 6.87% 3.82%
Basic Earnings Per Share $2.14 $1.94 $1.00
Diluted Earnings Per Share $2.116M $1.92 $0.99
COMMON SHARES
Basic Shares Outstanding 66.22M 66.90M 66.54M
Diluted Shares Outstanding 67.10M shares 67.60M

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $322.0M $329.0M $340.0M
YoY Change -41.35% -42.98% -49.7%
Cash & Equivalents $318.0M $324.0M $328.0M
Short-Term Investments $4.000M $5.000M $12.00M
Other Short-Term Assets $56.00M $63.00M $63.00M
YoY Change -20.0% -8.7% 16.67%
Inventory $1.403B $1.306B $1.172B
Prepaid Expenses $63.00M $63.00M
Receivables $1.396B $1.431B $1.130B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.177B $3.129B $2.697B
YoY Change 12.94% 19.89% 1.89%
LONG-TERM ASSETS
Property, Plant & Equipment $2.375B $2.446B $2.423B
YoY Change -0.46% 3.86% -1.3%
Goodwill $914.0M
YoY Change 1.33%
Intangibles $434.0M
YoY Change -2.25%
Long-Term Investments $106.0M $104.0M
YoY Change 940.0%
Other Assets $524.0M $521.0M $531.0M
YoY Change 54.57% 76.01% 29.51%
Total Long-Term Assets $4.212B $4.306B $4.302B
YoY Change -1.7% 2.69% 2.16%
TOTAL ASSETS
Total Short-Term Assets $3.177B $3.129B $2.697B
Total Long-Term Assets $4.212B $4.306B $4.302B
Total Assets $7.389B $7.435B $6.999B
YoY Change 4.1% 9.29% 2.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.193B $1.207B $774.0M
YoY Change 21.24% 29.51% 29.22%
Accrued Expenses $430.0M
YoY Change 2.14%
Deferred Revenue
YoY Change
Short-Term Debt $652.0M $514.0M $308.0M
YoY Change 805.56% 655.88% 431.03%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.845B $1.721B $1.512B
YoY Change 67.57% 24.71% 3.7%
LONG-TERM LIABILITIES
Long-Term Debt $1.739B $1.739B $1.738B
YoY Change -18.32% -0.57% -0.57%
Other Long-Term Liabilities $574.0M $592.0M $82.00M
YoY Change 155.11% 170.32% -6.82%
Total Long-Term Liabilities $2.313B $1.739B $1.820B
YoY Change -1.74% -11.64% -0.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.845B $1.721B $1.512B
Total Long-Term Liabilities $2.313B $1.739B $1.820B
Total Liabilities $4.243B $4.021B $3.774B
YoY Change 2.09% -0.69% -0.32%
SHAREHOLDERS EQUITY
Retained Earnings $3.986B $3.899B
YoY Change 8.7% -1.47%
Common Stock $1.161B $1.159B
YoY Change 0.43% 0.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.146B $3.293B $3.100B
YoY Change
Total Liabilities & Shareholders Equity $7.389B $7.435B $6.999B
YoY Change 4.1% 9.29% 2.06%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $142.0M $130.0M $67.00M
YoY Change -20.22% -152.85% -41.74%
Depreciation, Depletion And Amortization $54.00M $53.00M $65.00M
YoY Change 5.88% 1.92% 18.18%
Cash From Operating Activities $48.00M -$52.00M $133.0M
YoY Change -55.14% -336.36% -50.19%
INVESTING ACTIVITIES
Capital Expenditures -$59.00M $85.00M -$114.0M
YoY Change 51.28% 30.77% 26.67%
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$4.000M $17.00M
YoY Change -98.15% -500.0% -180.95%
Cash From Investing Activities -$60.00M -$76.00M -$97.00M
YoY Change -35.48% 18.75% -12.61%
FINANCING ACTIVITIES
Cash Dividend Paid $43.00M
YoY Change 0.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 26.00M 119.0M -137.0M
YoY Change -148.15% -397.5% 132.2%
NET CHANGE
Cash From Operating Activities 48.00M -52.00M 133.0M
Cash From Investing Activities -60.00M -76.00M -97.00M
Cash From Financing Activities 26.00M 119.0M -137.0M
Net Change In Cash 14.00M -4.000M -101.0M
YoY Change -135.0% -95.51% -204.12%
FREE CASH FLOW
Cash From Operating Activities $48.00M -$52.00M $133.0M
Capital Expenditures -$59.00M $85.00M -$114.0M
Free Cash Flow $107.0M -$137.0M $247.0M
YoY Change -26.71% 218.6% -30.81%

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