2021 Q2 Form 10-Q Financial Statement

#000156459021042697 Filed on August 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $381.8M $291.8M
YoY Change 30.84% 51.55%
Cost Of Revenue $18.68M $7.700M
YoY Change 142.65% 13.24%
Gross Profit $363.1M $284.1M
YoY Change 27.81% 52.91%
Gross Profit Margin 95.11% 97.36%
Selling, General & Admin $34.55M $32.00M
YoY Change 7.95% 34.45%
% of Gross Profit 9.51% 11.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $79.08M $64.40M
YoY Change 22.79% 85.59%
% of Gross Profit 21.78% 22.67%
Operating Expenses $110.9M $93.50M
YoY Change 18.62% 62.05%
Operating Profit $252.2M $190.6M
YoY Change 32.32% 48.79%
Interest Expense -$85.04M -$75.10M
YoY Change 13.23% -243.52%
% of Operating Profit -33.72% -39.4%
Other Income/Expense, Net -$771.0K $2.000M
YoY Change -138.55% -49.51%
Pretax Income $165.0M $114.5M
YoY Change 44.1% 43.76%
Income Tax $50.18M $4.800M
% Of Pretax Income 30.41% 4.19%
Net Earnings $114.8M $109.7M
YoY Change 4.71% 38.03%
Net Earnings / Revenue 30.07% 37.58%
Basic Earnings Per Share $0.19
Diluted Earnings Per Share $194.5K $201.3K
COMMON SHARES
Basic Shares Outstanding 587.5M 527.8M
Diluted Shares Outstanding 589.1M 528.9M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $721.3M $375.0M
YoY Change 92.35% -17.04%
Cash & Equivalents $723.9M $375.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.323B $753.0M
YoY Change 75.75% 4.44%
LONG-TERM ASSETS
Property, Plant & Equipment $14.67B $12.72B
YoY Change 15.27% 60.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.177B $841.0M
YoY Change 39.94% 5.25%
Other Assets
YoY Change
Total Long-Term Assets $17.76B $14.70B
YoY Change 20.88% 56.29%
TOTAL ASSETS
Total Short-Term Assets $1.323B $753.0M
Total Long-Term Assets $17.76B $14.70B
Total Assets $19.09B $15.45B
YoY Change 23.55% 52.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $652.7M $443.0M
YoY Change 47.34% 129.53%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $800.8M $566.0M
YoY Change 41.48% 83.17%
LONG-TERM LIABILITIES
Long-Term Debt $10.05B $7.796B
YoY Change 28.88% 59.75%
Other Long-Term Liabilities $21.19M $19.00M
YoY Change 11.51% 90.0%
Total Long-Term Liabilities $10.07B $7.815B
YoY Change 28.83% 59.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $800.8M $566.0M
Total Long-Term Liabilities $10.07B $7.815B
Total Liabilities $10.87B $8.381B
YoY Change 29.75% 61.19%
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 $8.212B $7.067B
YoY Change
Total Liabilities & Shareholders Equity $19.09B $15.45B
YoY Change 23.55% 52.6%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $114.8M $109.7M
YoY Change 4.71% 38.03%
Depreciation, Depletion And Amortization $79.08M $64.40M
YoY Change 22.79% 85.59%
Cash From Operating Activities $176.6M $182.2M
YoY Change -3.1% 63.85%
INVESTING ACTIVITIES
Capital Expenditures -$1.284B -$252.6M
YoY Change 408.17% -80.19%
Acquisitions
YoY Change
Other Investing Activities $1.102B -$32.90M
YoY Change -3450.47% -79.91%
Cash From Investing Activities -$181.2M -$285.5M
YoY Change -36.52% -80.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -26.29M -31.20M
YoY Change -15.72% -104.0%
NET CHANGE
Cash From Operating Activities 176.6M 182.2M
Cash From Investing Activities -181.2M -285.5M
Cash From Financing Activities -26.29M -31.20M
Net Change In Cash -30.96M -134.5M
YoY Change -76.98% -75.43%
FREE CASH FLOW
Cash From Operating Activities $176.6M $182.2M
Capital Expenditures -$1.284B -$252.6M
Free Cash Flow $1.460B $434.8M
YoY Change 235.83% -68.64%

Facts In Submission

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us-gaap Prior Period Reclassification Adjustment Description
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<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain amounts in the consolidated financial statements for prior periods have been reclassified to conform to the current period presentation.</p>
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1539000
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1099000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
589053000
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
528880000
us-gaap Profit Loss
ProfitLoss
278701000
us-gaap Profit Loss
ProfitLoss
190809000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
353000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
349000
mpw Undistributed Earning Allocated To Participating Securities
UndistributedEarningAllocatedToParticipatingSecurities
760000
mpw Undistributed Earning Allocated To Participating Securities
UndistributedEarningAllocatedToParticipatingSecurities
951000
mpw Net Income Less Participating Securities Share In Earnings
NetIncomeLessParticipatingSecuritiesShareInEarnings
277588000
mpw Net Income Less Participating Securities Share In Earnings
NetIncomeLessParticipatingSecuritiesShareInEarnings
189509000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
581877000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
524428000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1420000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1102000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
583297000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
525530000

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