2022 Q2 Form 10-Q Financial Statement

#000075000422000016 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $610.0M $572.0M $580.0M
YoY Change 4.99% 26.27% 20.83%
Cost Of Revenue $180.0M $160.0M $170.0M
YoY Change 13.21% 25.98% 4.29%
Gross Profit $430.0M $412.0M $410.0M
YoY Change 1.9% 26.38% 29.34%
Gross Profit Margin 70.49% 72.03% 70.69%
Selling, General & Admin $179.0M $175.0M $177.0M
YoY Change -12.68% 10.06% 5.36%
% of Gross Profit 41.63% 42.48% 43.17%
Research & Development $56.00M $53.00M $50.00M
YoY Change 3.7% 17.78% 31.58%
% of Gross Profit 13.02% 12.86% 12.2%
Depreciation & Amortization $107.0M $108.0M $398.0M
YoY Change -13.01% 11.34% 252.21%
% of Gross Profit 24.88% 26.21% 97.07%
Operating Expenses $342.0M $228.0M $336.0M
YoY Change 32.05% 11.76% 5.33%
Operating Profit $88.00M $40.00M $74.00M
YoY Change -46.01% 900.0% -3800.0%
Interest Expense -$70.00M -$116.0M -$118.0M
YoY Change -41.18% -4.13% -4.84%
% of Operating Profit -79.55% -290.0% -159.46%
Other Income/Expense, Net -$10.00M $5.000M $11.00M
YoY Change -114.29% -28.57% 175.0%
Pretax Income -$149.0M -$64.00M -$92.00M
YoY Change -223.14% -24.71% -40.65%
Income Tax $1.000M $3.000M -$154.0M
% Of Pretax Income
Net Earnings $3.291B $26.00M $95.00M
YoY Change 2919.27% -273.33% -205.56%
Net Earnings / Revenue 539.51% 4.55% 16.38%
Basic Earnings Per Share $34.61 $0.26 $0.98
Diluted Earnings Per Share $34.64M $0.26 $0.95
COMMON SHARES
Basic Shares Outstanding 95.67M shares 97.00M shares 97.00M shares
Diluted Shares Outstanding 95.00M shares 97.00M shares 100.0M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $928.0M $496.0M $585.0M
YoY Change -0.43% -48.71% -42.42%
Cash & Equivalents $928.0M $496.0M $585.0M
Short-Term Investments
Other Short-Term Assets $250.0M $691.0M $607.0M
YoY Change 64.47% 225.94% 162.77%
Inventory $129.0M $113.0M $98.00M
Prepaid Expenses
Receivables $441.0M $431.0M $423.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.748B $1.756B $1.732B
YoY Change -13.34% -16.7% -20.59%
LONG-TERM ASSETS
Property, Plant & Equipment $256.0M $197.0M $213.0M
YoY Change -34.53% -51.48% -11.98%
Goodwill $2.978B $2.892B
YoY Change -9.4% 5.93%
Intangibles $893.0M $946.0M
YoY Change -28.16% -13.05%
Long-Term Investments $429.0M $1.517B $1.477B
YoY Change 70.24% 472.45% 463.74%
Other Assets $143.0M $86.00M $80.00M
YoY Change -25.52% -57.43% 70.21%
Total Long-Term Assets $4.733B $6.196B $6.151B
YoY Change -17.62% 7.79% 6.0%
TOTAL ASSETS
Total Short-Term Assets $1.748B $1.756B $1.732B
Total Long-Term Assets $4.733B $6.196B $6.151B
Total Assets $6.481B $7.952B $7.883B
YoY Change -16.5% 1.22% -1.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $164.0M $198.0M $204.0M
YoY Change -7.87% -29.29% 36.0%
Accrued Expenses $359.0M $385.0M $444.0M
YoY Change -35.66% -29.23% 29.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $24.00M $44.00M $44.00M
YoY Change -45.45% 0.0% 0.0%
Total Short-Term Liabilities $1.254B $927.0M $974.0M
YoY Change 60.77% 6.8% 17.07%
LONG-TERM LIABILITIES
Long-Term Debt $3.878B $8.789B $8.646B
YoY Change -56.79% -3.65% -6.62%
Other Long-Term Liabilities $240.0M $155.0M $170.0M
YoY Change 11.11% -32.31% -10.53%
Total Long-Term Liabilities $4.118B $155.0M $170.0M
YoY Change 1806.48% -32.31% -10.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.254B $927.0M $974.0M
Total Long-Term Liabilities $4.118B $155.0M $170.0M
Total Liabilities $5.670B $10.09B $9.989B
YoY Change -44.04% -2.78% -4.94%
SHAREHOLDERS EQUITY
Retained Earnings -$3.132B -$3.158B
YoY Change -11.63% -10.51%
Common Stock $1.366B $1.337B
YoY Change 7.39% 5.44%
Preferred Stock
YoY Change
Treasury Stock (at cost) $226.0M $175.0M
YoY Change 29.14% 0.0%
Treasury Stock Shares 18.00M shares 17.00M shares
Shareholders Equity $811.0M -$2.289B -$2.256B
YoY Change
Total Liabilities & Shareholders Equity $6.481B $7.952B $7.883B
YoY Change -16.5% 1.22% -1.27%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $3.291B $26.00M $95.00M
YoY Change 2919.27% -273.33% -205.56%
Depreciation, Depletion And Amortization $107.0M $108.0M $398.0M
YoY Change -13.01% 11.34% 252.21%
Cash From Operating Activities -$37.00M $94.00M $226.0M
YoY Change -124.83% -23.58% 42.14%
INVESTING ACTIVITIES
Capital Expenditures -$57.00M -$43.00M -$53.00M
YoY Change 7.55% -14.0% -210.42%
Acquisitions $108.0M
YoY Change
Other Investing Activities $5.692B -$133.0M -$183.0M
YoY Change 35475.0% 1109.09% -2133.33%
Cash From Investing Activities $5.635B -$176.0M -$236.0M
YoY Change -15329.73% 188.52% 505.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $51.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.241B $52.00M -187.0M
YoY Change 2732.97% -137.41% 50.81%
NET CHANGE
Cash From Operating Activities -37.00M $94.00M 226.0M
Cash From Investing Activities 5.635B -$176.0M -236.0M
Cash From Financing Activities -5.241B $52.00M -187.0M
Net Change In Cash 357.0M -$31.00M -197.0M
YoY Change -589.04% -60.26% 4825.0%
FREE CASH FLOW
Cash From Operating Activities -$37.00M $94.00M $226.0M
Capital Expenditures -$57.00M -$43.00M -$53.00M
Free Cash Flow $20.00M $137.0M $279.0M
YoY Change -90.1% -20.81% 151.35%

Facts In Submission

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CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
51000000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
16000000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
16000000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
40000000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
40000000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
56000000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
56000000 USD
CY2022Q1 sgms Operating Lease Rightof Use Assetin Exchangefor Lease Obligations
OperatingLeaseRightofUseAssetinExchangeforLeaseObligations
6000000 USD
CY2021Q4 sgms Operating Lease Rightof Use Assetin Exchangefor Lease Obligations
OperatingLeaseRightofUseAssetinExchangeforLeaseObligations
5000000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
14000000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16000000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13000000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10000000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6000000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2000000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5000000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
56000000 USD
CY2022Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
27000000 USD
CY2022Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
13000000 USD

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