2023 Q2 Form 10-Q Financial Statement

#000102599623000113 Filed on April 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $284.3M $292.8M
YoY Change 4.83% 10.28%
Cost Of Revenue $85.70M $84.38M
YoY Change 10.96% 15.4%
Gross Profit $198.6M $208.4M
YoY Change 2.39% 8.34%
Gross Profit Margin 69.85% 71.18%
Selling, General & Admin $23.99M $25.31M
YoY Change 1.77% 6.36%
% of Gross Profit 12.08% 12.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $90.36M $91.67M
YoY Change -6.28% 5.37%
% of Gross Profit 45.5% 43.98%
Operating Expenses $114.3M $203.4M
YoY Change -42.02% 9.58%
Operating Profit $84.24M $5.064M
YoY Change -2683.96% -25.61%
Interest Expense -$22.96M $25.67M
YoY Change -214.12% 24.47%
% of Operating Profit -27.26% 506.93%
Other Income/Expense, Net -$22.96M -$24.21M
YoY Change 14.83% 17.85%
Pretax Income $61.28M $65.23M
YoY Change 13.52% 9.85%
Income Tax
% Of Pretax Income
Net Earnings $55.26M $65.23M
YoY Change 2.38% 9.85%
Net Earnings / Revenue 19.44% 22.28%
Basic Earnings Per Share $0.47 $0.48
Diluted Earnings Per Share $0.47 $0.48
COMMON SHARES
Basic Shares Outstanding 117.1M shares 117.1M shares
Diluted Shares Outstanding 117.4M shares 117.4M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $361.9M $476.4M
YoY Change 72.29% 43.62%
Cash & Equivalents $361.9M $476.4M
Short-Term Investments
Other Short-Term Assets $23.44M $58.82M
YoY Change -60.44% 16.39%
Inventory
Prepaid Expenses
Receivables $474.3M $15.93M
Other Receivables $0.00 $0.00
Total Short-Term Assets $859.7M $1.009B
YoY Change 19.71% 23.77%
LONG-TERM ASSETS
Property, Plant & Equipment $9.784B $9.694B
YoY Change 2.58% 2.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $25.79M $23.29M
YoY Change 12.17% -9.84%
Other Assets $234.9M $243.0M
YoY Change -0.62% -2.11%
Total Long-Term Assets $10.05B $9.960B
YoY Change 2.6% 2.16%
TOTAL ASSETS
Total Short-Term Assets $859.7M $1.009B
Total Long-Term Assets $10.05B $9.960B
Total Assets $10.91B $10.97B
YoY Change 3.76% 3.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $377.7M $418.9M
YoY Change 5.73% 6.88%
Accrued Expenses $124.7M $124.8M
YoY Change -0.48% -0.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $566.8M $608.2M
YoY Change 4.12% 4.99%
LONG-TERM LIABILITIES
Long-Term Debt $4.413B $4.413B
YoY Change 8.48% 8.46%
Other Long-Term Liabilities $263.6M $276.2M
YoY Change 5.4% 9.9%
Total Long-Term Liabilities $4.677B $4.689B
YoY Change 8.3% 8.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $566.8M $608.2M
Total Long-Term Liabilities $4.677B $4.689B
Total Liabilities $5.477B $5.297B
YoY Change 12.63% 8.12%
SHAREHOLDERS EQUITY
Retained Earnings $248.7M $257.1M
YoY Change -4.36% -6.24%
Common Stock $1.172M $1.171M
YoY Change 0.26% 0.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.434B $5.434B
YoY Change
Total Liabilities & Shareholders Equity $10.91B $10.97B
YoY Change 3.76% 3.83%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $55.26M $65.23M
YoY Change 2.38% 9.85%
Depreciation, Depletion And Amortization $90.36M $91.67M
YoY Change -6.28% 5.37%
Cash From Operating Activities $101.4M $182.1M
YoY Change 1.12% 1.95%
INVESTING ACTIVITIES
Capital Expenditures $138.0M $121.3M
YoY Change -196.3% -171.64%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$138.0M -$121.3M
YoY Change -3.7% -28.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -77.85M $68.19M
YoY Change -0.94% -174.38%
NET CHANGE
Cash From Operating Activities 101.4M $182.1M
Cash From Investing Activities -138.0M -$121.3M
Cash From Financing Activities -77.85M $68.19M
Net Change In Cash -114.5M $129.0M
YoY Change -5.89% -256.55%
FREE CASH FLOW
Cash From Operating Activities $101.4M $182.1M
Capital Expenditures $138.0M $121.3M
Free Cash Flow -$36.63M $60.79M
YoY Change -115.03% -82.53%

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344692000 usd
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CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
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CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Five Years
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CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
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CY2023Q1 us-gaap Other Commitment
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561200000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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56608000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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53128000 usd
CY2023Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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364000 usd
CY2022Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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413000 usd
CY2023Q1 krc Net Income Loss Availableto Common Stockholders Basicand Diluted
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56244000 usd
CY2022Q1 krc Net Income Loss Availableto Common Stockholders Basicand Diluted
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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347189 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
409866 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q1 us-gaap Earnings Per Share Basic
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CY2023Q1 us-gaap Interest Paid Net
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CY2022Q1 us-gaap Interest Paid Net
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CY2023Q1 krc Payments For Ground Leases
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CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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47101000 usd
CY2023Q1 krc Tenant Improvements Funded Directly By Tenants To Third Parties
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CY2022Q1 krc Tenant Improvements Funded Directly By Tenants To Third Parties
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1908000 usd
CY2023Q1 krc Common Stockholders And Unitholders Dividends And Distributions Declared But Not Paid
CommonStockholdersAndUnitholdersDividendsAndDistributionsDeclaredButNotPaid
64461000 usd
CY2022Q1 krc Common Stockholders And Unitholders Dividends And Distributions Declared But Not Paid
CommonStockholdersAndUnitholdersDividendsAndDistributionsDeclaredButNotPaid
61951000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CashAndCashEquivalentsAtCarryingValue
414077000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
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347379000 usd
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427083000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
476358000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
331685000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
476358000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
344692000 usd

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