2022 Q1 Form 10-K Financial Statement
#000089101422000009 Filed on February 18, 2022
Income Statement
| Concept | 2022 Q1 | 2021 | 2020 |
|---|---|---|---|
| Revenue | $1.858B | $1.595B | |
| YoY Change | 16.52% | -10.95% | |
| Cost Of Revenue | $1.412B | $1.189B | |
| YoY Change | 18.7% | -11.92% | |
| Gross Profit | $446.5M | $405.4M | |
| YoY Change | 10.14% | -7.99% | |
| Gross Profit Margin | 24.03% | 25.42% | |
| Selling, General & Admin | $175.6M | $167.2M | |
| YoY Change | 5.02% | -10.83% | |
| % of Gross Profit | 39.33% | 41.24% | |
| Research & Development | $19.50M | $19.90M | |
| YoY Change | -2.01% | -1.97% | |
| % of Gross Profit | 4.37% | 4.91% | |
| Depreciation & Amortization | $94.60M | $93.90M | |
| YoY Change | 0.75% | -4.57% | |
| % of Gross Profit | 21.19% | 23.16% | |
| Operating Expenses | $205.7M | $196.4M | |
| YoY Change | 4.74% | -5.49% | |
| Operating Profit | $240.8M | $209.0M | |
| YoY Change | 15.22% | 0.14% | |
| Interest Expense | -$37.20M | -$38.20M | |
| YoY Change | -2.62% | -188.43% | |
| % of Operating Profit | -15.45% | -18.28% | |
| Other Income/Expense, Net | $3.800M | -$11.70M | |
| YoY Change | -132.48% | -77.24% | |
| Pretax Income | $202.3M | $138.0M | |
| YoY Change | 46.59% | 194.24% | |
| Income Tax | $36.60M | $24.40M | |
| % Of Pretax Income | 18.09% | 17.68% | |
| Net Earnings | $164.4M | $112.4M | |
| YoY Change | 46.26% | -15.3% | |
| Net Earnings / Revenue | 8.85% | 7.05% | |
| Basic Earnings Per Share | $4.89 | $3.29 | |
| Diluted Earnings Per Share | $4.864M | $3.287M | |
| COMMON SHARES | |||
| Basic Shares Outstanding | 33.14M | 33.60M | 34.20M |
| Diluted Shares Outstanding | 33.80M | 34.20M |
Balance Sheet
| Concept | 2022 Q1 | 2021 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $304.4M | $371.8M | |
| YoY Change | -18.13% | 52.88% | |
| Cash & Equivalents | $299.5M | $367.7M | |
| Short-Term Investments | $4.900M | $4.100M | |
| Other Short-Term Assets | $58.60M | $44.60M | |
| YoY Change | 31.39% | -4.09% | |
| Inventory | $297.7M | $248.2M | |
| Prepaid Expenses | |||
| Receivables | $367.8M | $369.0M | |
| Other Receivables | $0.00 | $0.00 | |
| Total Short-Term Assets | $1.029B | $1.034B | |
| YoY Change | -0.49% | 12.45% | |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $1.099B | $1.091B | |
| YoY Change | 0.75% | -0.65% | |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $17.50M | $17.00M | |
| YoY Change | 2.94% | 5.59% | |
| Other Assets | $70.40M | $64.00M | |
| YoY Change | 10.0% | -7.65% | |
| Total Long-Term Assets | $2.346B | $2.176B | |
| YoY Change | 7.81% | -0.8% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $1.029B | $1.034B | |
| Total Long-Term Assets | $2.346B | $2.176B | |
| Total Assets | $3.374B | $3.209B | |
| YoY Change | 5.13% | 3.11% | |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $196.1M | $148.3M | |
| YoY Change | 32.23% | -9.24% | |
| Accrued Expenses | $69.60M | $72.00M | |
| YoY Change | -3.33% | 15.02% | |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $80.00M | $0.00 | |
| YoY Change | -100.0% | ||
| Long-Term Debt Due | $800.0K | $1.000M | |
| YoY Change | -20.0% | -52.38% | |
| Total Short-Term Liabilities | $419.8M | $295.8M | |
| YoY Change | 41.92% | -25.77% | |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $936.2M | $933.2M | |
| YoY Change | 0.32% | 13.21% | |
| Other Long-Term Liabilities | $250.6M | $318.0M | |
| YoY Change | -21.19% | 15.8% | |
| Total Long-Term Liabilities | $1.187B | $1.251B | |
| YoY Change | -5.15% | 13.86% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $419.8M | $295.8M | |
| Total Long-Term Liabilities | $1.187B | $1.251B | |
| Total Liabilities | $1.835B | $1.749B | |
| YoY Change | 4.94% | 2.26% | |
| 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 | $1.539B | $1.461B | |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $3.374B | $3.209B | |
| YoY Change | 5.13% | 3.11% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $164.4M | $112.4M | |
| YoY Change | 46.26% | -15.3% | |
| Depreciation, Depletion And Amortization | $94.60M | $93.90M | |
| YoY Change | 0.75% | -4.57% | |
| Cash From Operating Activities | $232.4M | $240.6M | |
| YoY Change | -3.41% | 0.97% | |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$280.4M | -$76.00M | |
| YoY Change | 268.95% | -216.92% | |
| Acquisitions | $194.4M | $9.200M | |
| YoY Change | 2013.04% | ||
| Other Investing Activities | $1.800M | -$2.700M | |
| YoY Change | -166.67% | 237.5% | |
| Cash From Investing Activities | -$278.6M | -$78.70M | |
| YoY Change | 254.0% | 26.94% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | $1.200M | $290.1M | |
| YoY Change | -99.59% | 228.91% | |
| Cash From Financing Activities | 5.600M | -43.00M | |
| YoY Change | -113.02% | -69.99% | |
| NET CHANGE | |||
| Cash From Operating Activities | 232.4M | 240.6M | |
| Cash From Investing Activities | -278.6M | -78.70M | |
| Cash From Financing Activities | 5.600M | -43.00M | |
| Net Change In Cash | -40.60M | 118.9M | |
| YoY Change | -134.15% | 262.5% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $232.4M | $240.6M | |
| Capital Expenditures | -$280.4M | -$76.00M | |
| Free Cash Flow | $512.8M | $316.6M | |
| YoY Change | 61.97% | 82.69% |
Facts In Submission
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