2022 Q1 Form 10-Q Financial Statement
#000035254122000058 Filed on April 29, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $1.068B | $901.0M |
| YoY Change | 18.53% | -1.64% |
| Cost Of Revenue | $168.0M | $134.0M |
| YoY Change | 25.37% | 9.84% |
| Gross Profit | $900.0M | $767.0M |
| YoY Change | 17.34% | -3.4% |
| Gross Profit Margin | 84.27% | 85.13% |
| Selling, General & Admin | ||
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $166.0M | $164.0M |
| YoY Change | 1.22% | 12.33% |
| % of Gross Profit | 18.44% | 21.38% |
| Operating Expenses | $652.0M | $603.0M |
| YoY Change | 8.13% | -6.13% |
| Operating Profit | $248.0M | $198.0M |
| YoY Change | 25.25% | 5.32% |
| Interest Expense | -$48.00M | $69.00M |
| YoY Change | -169.57% | 0.0% |
| % of Operating Profit | -19.35% | 34.85% |
| Other Income/Expense, Net | $0.00 | -$52.00M |
| YoY Change | -100.0% | 52.94% |
| Pretax Income | $200.0M | $146.0M |
| YoY Change | 36.99% | -5.19% |
| Income Tax | $8.000M | -$28.00M |
| % Of Pretax Income | 4.0% | -19.18% |
| Net Earnings | $192.0M | $174.0M |
| YoY Change | 10.34% | 0.58% |
| Net Earnings / Revenue | 17.98% | 19.31% |
| Basic Earnings Per Share | $0.77 | |
| Diluted Earnings Per Share | $0.77 | $0.68 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 250.5M shares | 250.0M shares |
| Diluted Shares Outstanding | 250.9M shares | 250.4M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $67.00M | $14.00M |
| YoY Change | 378.57% | -74.55% |
| Cash & Equivalents | $67.00M | $14.00M |
| Short-Term Investments | ||
| Other Short-Term Assets | $359.0M | $117.0M |
| YoY Change | 206.84% | -14.91% |
| Inventory | $185.0M | $204.0M |
| Prepaid Expenses | ||
| Receivables | $481.0M | $325.0M |
| Other Receivables | $0.00 | $218.0M |
| Total Short-Term Assets | $1.092B | $755.0M |
| YoY Change | 44.64% | -17.23% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $15.19B | $14.35B |
| YoY Change | 5.85% | 4.88% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $533.0M | $494.0M |
| YoY Change | 7.89% | 5.11% |
| Other Assets | $2.022B | $1.992B |
| YoY Change | 1.51% | 9.92% |
| Total Long-Term Assets | $17.75B | $16.84B |
| YoY Change | 5.39% | 5.46% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.092B | $755.0M |
| Total Long-Term Assets | $17.75B | $16.84B |
| Total Assets | $18.84B | $17.59B |
| YoY Change | 7.08% | 4.24% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $383.0M | $307.0M |
| YoY Change | 24.76% | -18.22% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $276.0M | $336.0M |
| YoY Change | -17.86% | 24.21% |
| Long-Term Debt Due | $333.0M | $308.0M |
| YoY Change | 8.12% | -13.77% |
| Total Short-Term Liabilities | $1.521B | $1.408B |
| YoY Change | 8.03% | -14.68% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $7.383B | $6.471B |
| YoY Change | 14.09% | 10.92% |
| Other Long-Term Liabilities | $1.900B | $364.0M |
| YoY Change | 421.98% | 4.09% |
| Total Long-Term Liabilities | $9.283B | $6.835B |
| YoY Change | 35.82% | 10.53% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.521B | $1.408B |
| Total Long-Term Liabilities | $9.283B | $6.835B |
| Total Liabilities | $12.76B | $8.243B |
| YoY Change | 54.82% | 5.22% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $3.063B | |
| YoY Change | 8.09% | |
| Common Stock | $2.715B | |
| YoY Change | 1.43% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $6.077B | $5.766B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $18.84B | $17.59B |
| YoY Change | 7.08% | 4.24% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $192.0M | $174.0M |
| YoY Change | 10.34% | 0.58% |
| Depreciation, Depletion And Amortization | $166.0M | $164.0M |
| YoY Change | 1.22% | 12.33% |
| Cash From Operating Activities | $251.0M | $145.0M |
| YoY Change | 73.1% | -9.38% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$307.0M | $214.0M |
| YoY Change | -243.46% | -23.02% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $84.00M | $16.00M |
| YoY Change | 425.0% | 23.08% |
| Cash From Investing Activities | -$223.0M | -$38.00M |
| YoY Change | 486.84% | -78.77% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $8.000M | |
| YoY Change | -96.49% | |
| Debt Paid & Issued, Net | $300.0M | $0.00 |
| YoY Change | -100.0% | |
| Cash From Financing Activities | 3.000M | -$145.0M |
| YoY Change | -102.07% | -341.67% |
| NET CHANGE | ||
| Cash From Operating Activities | 251.0M | $145.0M |
| Cash From Investing Activities | -223.0M | -$38.00M |
| Cash From Financing Activities | 3.000M | -$145.0M |
| Net Change In Cash | 31.00M | -$38.00M |
| YoY Change | -181.58% | -192.68% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $251.0M | $145.0M |
| Capital Expenditures | -$307.0M | $214.0M |
| Free Cash Flow | $558.0M | -$69.00M |
| YoY Change | -908.7% | -41.53% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.77 | |
| CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.68 | |
| CY2022Q1 | us-gaap |
Increase Decrease In Fuel Inventories
IncreaseDecreaseInFuelInventories
|
-55000000 | USD |
| CY2021Q1 | us-gaap |
Increase Decrease In Fuel Inventories
IncreaseDecreaseInFuelInventories
|
-20000000 | USD |
| CY2022Q1 | us-gaap |
Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
|
59000000 | USD |
| CY2022Q1 | us-gaap |
Weighted Average Rate Domestic Deposit Money Market
WeightedAverageRateDomesticDepositMoneyMarket
|
0.003 | |
| CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
5888000000 | USD |
| CY2021Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
171000000 | USD |
| CY2021Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.4025 | |
| CY2021Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
102000000 | USD |
| CY2021Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
8000000 | USD |
| CY2021Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
-1000000 | USD |
| CY2021Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
5966000000 | USD |
