2022 Q1 Form 10-Q Financial Statement
#000175392622000681 Filed on May 10, 2022
Income Statement
| Concept | 2022 Q1 |
|---|---|
| Revenue | $250.7M |
| YoY Change | 26.29% |
| Cost Of Revenue | $111.4M |
| YoY Change | 25.61% |
| Gross Profit | $139.3M |
| YoY Change | 26.83% |
| Gross Profit Margin | 55.55% |
| Selling, General & Admin | $78.04M |
| YoY Change | 31.16% |
| % of Gross Profit | 56.04% |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $3.124M |
| YoY Change | 23.48% |
| % of Gross Profit | 2.24% |
| Operating Expenses | $78.04M |
| YoY Change | 31.16% |
| Operating Profit | $61.22M |
| YoY Change | 21.7% |
| Interest Expense | -$110.0K |
| YoY Change | -105.79% |
| % of Operating Profit | -0.18% |
| Other Income/Expense, Net | $116.0K |
| YoY Change | -42.0% |
| Pretax Income | $61.22M |
| YoY Change | 22.45% |
| Income Tax | $14.93M |
| % Of Pretax Income | 24.39% |
| Net Earnings | $35.30M |
| YoY Change | 27.43% |
| Net Earnings / Revenue | 14.08% |
| Basic Earnings Per Share | $1.11 |
| Diluted Earnings Per Share | $1.103M |
| COMMON SHARES | |
| Basic Shares Outstanding | 31.84K shares |
| Diluted Shares Outstanding | 32.01K shares |
Balance Sheet
| Concept | 2022 Q1 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $265.2M |
| YoY Change | -9.75% |
| Cash & Equivalents | $110.1M |
| Short-Term Investments | $155.1M |
| Other Short-Term Assets | $23.16M |
| YoY Change | 24.52% |
| Inventory | $227.1M |
| Prepaid Expenses | |
| Receivables | $206.3M |
| Other Receivables | $12.70M |
| Total Short-Term Assets | $734.5M |
| YoY Change | 19.8% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $189.2M |
| YoY Change | 353.81% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | $29.54M |
| YoY Change | -3.77% |
| Total Long-Term Assets | $427.7M |
| YoY Change | 55.77% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $734.5M |
| Total Long-Term Assets | $427.7M |
| Total Assets | $1.162B |
| YoY Change | 30.92% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $72.57M |
| YoY Change | 62.34% |
| Accrued Expenses | $149.4M |
| YoY Change | 59.58% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $14.38M |
| YoY Change | 1207.0% |
| Total Short-Term Liabilities | $250.2M |
| YoY Change | 64.52% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $125.2M |
| YoY Change | 1260.48% |
| Other Long-Term Liabilities | $28.57M |
| YoY Change | 44.31% |
| Total Long-Term Liabilities | $153.7M |
| YoY Change | 430.13% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $250.2M |
| Total Long-Term Liabilities | $153.7M |
| Total Liabilities | $577.6M |
| YoY Change | 66.18% |
| 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 | $584.6M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $1.162B |
| YoY Change | 30.92% |
Cashflow Statement
| Concept | 2022 Q1 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $35.30M |
| YoY Change | 27.43% |
| Depreciation, Depletion And Amortization | $3.124M |
| YoY Change | 23.48% |
| Cash From Operating Activities | -$23.94M |
| YoY Change | -173.63% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$13.54M |
| YoY Change | 796.82% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | $1.739M |
| YoY Change | -105.73% |
| Cash From Investing Activities | -$11.80M |
| YoY Change | -62.97% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | $4.379M |
| YoY Change | |
| Cash From Financing Activities | -20.03M |
| YoY Change | -3.55% |
| NET CHANGE | |
| Cash From Operating Activities | -23.94M |
| Cash From Investing Activities | -11.80M |
| Cash From Financing Activities | -20.03M |
| Net Change In Cash | -55.78M |
| YoY Change | 177.23% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$23.94M |
| Capital Expenditures | -$13.54M |
| Free Cash Flow | -$10.40M |
| YoY Change | -130.57% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Long Term Debt Term
LongTermDebtTerm
|
P10Y | |
| CY2022Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
USD | |
| CY2022Q1 | us-gaap |
Reclassifications
Reclassifications
|
<p id="xdx_80F_eus-gaap--Reclassifications_zw1GVMe8iRnd" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"/><td style="width: 0.5in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>12.</b></span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline"><span id="xdx_82A_zeMAKVnEddU5">Reclassifications:</span></span></b></span></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain prior year’s amounts in the accompanying consolidated statements of cash flows have been reclassified to conform to current period presentation.</span></p> | |
| CY2022Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2022Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
USD | |
| CY2021Q1 | us-gaap |
Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
|
USD | |
| CY2021Q1 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
USD | |
| CY2021Q2 | us-gaap |
Long Term Debt Term
LongTermDebtTerm
|
P10Y | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
||
| CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P2Y6M3D | |
| CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P2Y1M13D | |
| CY2021Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
USD | |
| CY2022Q1 | us-gaap |
Inventory Net
InventoryNet
|
227108000 | USD |
| CY2021Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y |
