2022 Q2 Form 10-Q Financial Statement

#000005513522000013 Filed on May 12, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q2
Revenue $1.296B $1.250B $1.206B
YoY Change 7.5% 0.72% 23.64%
Cost Of Revenue $1.038B $1.004B $992.6M
YoY Change 4.55% -1.28% 26.27%
Gross Profit $258.6M $246.0M $213.3M
YoY Change 21.24% 9.77% 12.74%
Gross Profit Margin 19.95% 19.68% 17.69%
Selling, General & Admin $235.2M $226.6M $202.7M
YoY Change 16.03% 7.8% 13.81%
% of Gross Profit 90.95% 92.11% 95.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.500M $7.800M $5.900M
YoY Change 27.12% 25.81% -1.67%
% of Gross Profit 2.9% 3.17% 2.77%
Operating Expenses $235.2M $226.6M $202.7M
YoY Change 16.03% 7.8% 13.81%
Operating Profit $23.40M $19.40M $10.60M
YoY Change 120.75% 39.57% -4.5%
Interest Expense $600.0K $50.70M $600.0K
YoY Change 0.0% 247.26% -25.0%
% of Operating Profit 2.56% 261.34% 5.66%
Other Income/Expense, Net $2.800M -$300.0K -$3.400M
YoY Change -182.35% -230.77%
Pretax Income -$61.40M $84.70M $37.20M
YoY Change -265.05% 251.45% -14.09%
Income Tax -$13.00M $16.10M $10.50M
% Of Pretax Income 19.01% 28.23%
Net Earnings -$47.60M $71.70M $25.60M
YoY Change -285.94% 206.41% -37.71%
Net Earnings / Revenue -3.67% 5.73% 2.12%
Basic Earnings Per Share -$1.23 $0.65
Diluted Earnings Per Share -$1.23 $1.815M $0.64
COMMON SHARES
Basic Shares Outstanding 38.60M shares 39.30M shares
Diluted Shares Outstanding 38.60M shares 39.50M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $230.3M $112.7M $239.4M
YoY Change -3.8% -49.46% 10.73%
Cash & Equivalents $230.3M $112.7M $239.4M
Short-Term Investments
Other Short-Term Assets $72.20M $52.80M $76.50M
YoY Change -5.62% -14.01% 0.66%
Inventory
Prepaid Expenses
Receivables $1.524B $1.423B $1.280B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.826B $1.589B $1.596B
YoY Change 14.46% 2.52% 15.86%
LONG-TERM ASSETS
Property, Plant & Equipment $32.00M $35.30M $38.90M
YoY Change -17.74% -13.9% -6.49%
Goodwill $155.8M $114.8M $3.500M
YoY Change 4351.43% 3180.0%
Intangibles $122.0M
YoY Change 119.42%
Long-Term Investments $0.00 $123.4M $118.7M
YoY Change -100.0% 4.14% 4.49%
Other Assets $396.1M $389.1M $306.3M
YoY Change 29.32% 21.63% -0.36%
Total Long-Term Assets $959.3M $1.306B $1.015B
YoY Change -5.44% 28.96% 7.75%
TOTAL ASSETS
Total Short-Term Assets $1.826B $1.589B $1.596B
Total Long-Term Assets $959.3M $1.306B $1.015B
Total Assets $2.786B $2.894B $2.610B
YoY Change 6.72% 12.97% 12.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $711.6M $687.2M $554.3M
YoY Change 28.38% 28.45% 19.56%
Accrued Expenses $375.4M $356.7M $350.6M
YoY Change 7.07% 6.38% 37.06%
Deferred Revenue
YoY Change
Short-Term Debt $200.0K $0.00 $1.100M
YoY Change -81.82% -100.0% 266.67%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.196B $1.095B $962.9M
YoY Change 24.24% 18.32% 21.67%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $15.60M $86.80M $63.70M
YoY Change -75.51% 46.37% 35.53%
Total Long-Term Liabilities $315.8M $462.8M $431.5M
YoY Change -26.81% 6.81% 13.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.196B $1.095B $962.9M
Total Long-Term Liabilities $315.8M $462.8M $431.5M
Total Liabilities $1.512B $1.558B $1.394B
YoY Change 8.44% 14.65% 18.86%
SHAREHOLDERS EQUITY
Retained Earnings $1.240B $1.315B $1.189B
YoY Change 4.32% 13.08% 5.85%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.274B $1.336B $1.216B
YoY Change
Total Liabilities & Shareholders Equity $2.786B $2.894B $2.610B
YoY Change 6.72% 12.97% 12.57%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q2
OPERATING ACTIVITIES
Net Income -$47.60M $71.70M $25.60M
YoY Change -285.94% 206.41% -37.71%
Depreciation, Depletion And Amortization $7.500M $7.800M $5.900M
YoY Change 27.12% 25.81% -1.67%
Cash From Operating Activities -$106.1M $54.00M $10.50M
YoY Change -1110.48% -277.05% -93.81%
INVESTING ACTIVITIES
Capital Expenditures -$1.700M -$3.700M -$2.700M
YoY Change -37.04% 15.63% -42.55%
Acquisitions $58.30M $0.00
YoY Change
Other Investing Activities -$700.0K $21.40M -$200.0K
YoY Change 250.0% 692.59% -109.52%
Cash From Investing Activities $257.1M $17.70M $7.900M
YoY Change 3154.43% -3640.0% -403.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $27.20M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$30.70M -2.400M $100.0K
YoY Change -30800.0% 84.62% -106.25%
NET CHANGE
Cash From Operating Activities -$106.1M 54.00M $10.50M
Cash From Investing Activities $257.1M 17.70M $7.900M
Cash From Financing Activities -$30.70M -2.400M $100.0K
Net Change In Cash $118.6M 69.30M $17.10M
YoY Change 593.57% -314.55% -89.67%
FREE CASH FLOW
Cash From Operating Activities -$106.1M $54.00M $10.50M
Capital Expenditures -$1.700M -$3.700M -$2.700M
Free Cash Flow -$104.4M $57.70M $13.20M
YoY Change -890.91% -311.36% -92.43%

Facts In Submission

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37200000 USD

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