2022 Q1 Form 10-K Financial Statement
#000087401522000079 Filed on February 25, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q4 | 2021 |
|---|---|---|---|
| Revenue | $141.9M | $440.0M | $810.5M |
| YoY Change | 27.17% | 51.58% | 11.13% |
| Cost Of Revenue | $4.170M | $2.226M | $10.84M |
| YoY Change | 60.38% | -32.55% | -8.89% |
| Gross Profit | $137.7M | $437.8M | $799.6M |
| YoY Change | 26.38% | 52.54% | 11.48% |
| Gross Profit Margin | 97.06% | 99.49% | 98.66% |
| Selling, General & Admin | $34.13M | $37.60M | $170.9M |
| YoY Change | -44.24% | -72.93% | -51.75% |
| % of Gross Profit | 24.77% | 8.59% | 21.38% |
| Research & Development | $161.1M | $179.6M | $635.0M |
| YoY Change | 15.25% | 5.14% | 18.66% |
| % of Gross Profit | 116.97% | 41.02% | 79.41% |
| Depreciation & Amortization | $4.293M | $4.434M | $17.84M |
| YoY Change | -2.43% | 3.12% | 15.09% |
| % of Gross Profit | 3.12% | 1.01% | 2.23% |
| Operating Expenses | $195.3M | $217.2M | $805.9M |
| YoY Change | -2.86% | -29.85% | -9.39% |
| Operating Profit | -$57.50M | $220.6M | -$6.286M |
| YoY Change | -37.5% | -1073.37% | -96.35% |
| Interest Expense | -$6.754M | $4.788M | $10.80M |
| YoY Change | -407.0% | -578.8% | 13.54% |
| % of Operating Profit | 2.17% | ||
| Other Income/Expense, Net | $187.0K | -$477.0K | -$1.133M |
| YoY Change | -577.0% | 1033.0% | |
| Pretax Income | -$64.07M | $224.9M | -$29.15M |
| YoY Change | -28.6% | -1053.03% | -78.34% |
| Income Tax | $1.100M | $303.0K | -$551.0K |
| % Of Pretax Income | 0.13% | ||
| Net Earnings | -$65.17M | $224.6M | -$28.60M |
| YoY Change | -27.49% | -166.01% | -93.56% |
| Net Earnings / Revenue | -45.92% | 51.05% | -3.53% |
| Basic Earnings Per Share | -$0.46 | $1.59 | -$0.20 |
| Diluted Earnings Per Share | -$460.2K | $1.41 | -$202.8K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 141.7M | 141.2M | 141.0M |
| Diluted Shares Outstanding | 141.6M | 160.3M | 141.0M |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q4 | 2021 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $2.052B | $2.115B | $2.115B |
| YoY Change | 12.77% | 11.76% | 11.76% |
| Cash & Equivalents | $542.5M | $869.2M | $869.2M |
| Short-Term Investments | $1.510B | $1.246B | $1.246B |
| Other Short-Term Assets | $150.6M | $143.4M | $143.4M |
| YoY Change | 21.63% | 2.26% | 2.26% |
| Inventory | $24.03M | $24.81M | $24.81M |
| Prepaid Expenses | |||
| Receivables | $26.12M | $61.90M | $61.90M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $2.253B | $2.345B | $2.345B |
| YoY Change | 13.26% | 10.06% | 10.06% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $177.7M | $196.1M | $196.1M |
| YoY Change | -1.48% | 0.96% | 0.96% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $58.95M | $41.57M | $41.57M |
| YoY Change | 18.13% | 12.65% | 12.65% |
| Total Long-Term Assets | $266.0M | $266.6M | $266.6M |
| YoY Change | 2.61% | 2.91% | 2.91% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.253B | $2.345B | $2.345B |
| Total Long-Term Assets | $266.0M | $266.6M | $266.6M |
| Total Assets | $2.519B | $2.612B | $2.612B |
| YoY Change | 12.03% | 9.28% | 9.28% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $16.13M | $11.90M | $11.90M |
| YoY Change | 69.74% | -30.79% | -30.79% |
| Accrued Expenses | $115.8M | $130.0M | $130.0M |
| YoY Change | 7.2% | -17.69% | -17.69% |
| Deferred Revenue | $97.71M | ||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $4.206M | $926.0K | $926.0K |
| YoY Change | -93.95% | -99.69% | -99.69% |
| Total Short-Term Liabilities | $228.5M | $240.6M | $240.6M |
| YoY Change | -22.59% | -58.76% | -58.76% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $1.248B | $1.228B | $1.228B |
| YoY Change | 43.29% | 134.45% | 134.45% |
| Other Long-Term Liabilities | $333.1M | $371.4M | $371.4M |
| YoY Change | -17.13% | -15.46% | -15.46% |
| Total Long-Term Liabilities | $1.581B | $1.599B | $1.599B |
| YoY Change | 24.21% | 66.07% | 66.07% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $228.5M | $240.6M | $240.6M |
| Total Long-Term Liabilities | $1.581B | $1.599B | $1.599B |
| Total Liabilities | $1.810B | $1.840B | $1.840B |
| YoY Change | 15.4% | 18.98% | 18.98% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$1.160B | ||
| YoY Change | 2.53% | ||
| Common Stock | $1.964B | ||
| YoY Change | 3.63% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $709.6M | $771.7M | $771.7M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $2.519B | $2.612B | $2.612B |
| YoY Change | 12.03% | 9.28% | 9.28% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q4 | 2021 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$65.17M | $224.6M | -$28.60M |
| YoY Change | -27.49% | -166.01% | -93.56% |
| Depreciation, Depletion And Amortization | $4.293M | $4.434M | $17.84M |
| YoY Change | -2.43% | 3.12% | 15.09% |
| Cash From Operating Activities | -$31.65M | $203.7M | $30.80M |
| YoY Change | -42.14% | 107.84% | -14.21% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$2.705M | -$2.502M | -$11.96M |
| YoY Change | 50.28% | -50.94% | -65.94% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$284.8M | $97.61M | $206.9M |
| YoY Change | -453.4% | -49.42% | -33.18% |
| Cash From Investing Activities | -$287.5M | $95.11M | $194.9M |
| YoY Change | -464.45% | -49.38% | -29.0% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -7.325M | -62.49M | 245.9M |
| YoY Change | -3.62% | -88.02% | -141.22% |
| NET CHANGE | |||
| Cash From Operating Activities | -31.65M | 203.7M | 30.80M |
| Cash From Investing Activities | -287.5M | 95.11M | 194.9M |
| Cash From Financing Activities | -7.325M | -62.49M | 245.9M |
| Net Change In Cash | -326.5M | 236.3M | 471.6M |
| YoY Change | -2067.01% | -200.3% | -265.13% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$31.65M | $203.7M | $30.80M |
| Capital Expenditures | -$2.705M | -$2.502M | -$11.96M |
| Free Cash Flow | -$28.95M | $206.2M | $42.75M |
| YoY Change | -45.28% | 99.99% | -39.78% |
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