2023 Q1 Form 10-K Financial Statement
#000089101423000014 Filed on February 17, 2023
Income Statement
| Concept | 2023 Q1 | 2022 Q4 | 2022 |
|---|---|---|---|
| Revenue | $541.9M | $2.126B | |
| YoY Change | 14.52% | 14.38% | |
| Cost Of Revenue | $423.6M | $1.661B | |
| YoY Change | 17.7% | 17.62% | |
| Gross Profit | $118.3M | $465.0M | |
| YoY Change | 4.41% | 4.14% | |
| Gross Profit Margin | 21.83% | 21.88% | |
| Selling, General & Admin | $46.00M | $192.1M | |
| YoY Change | 1.1% | 9.4% | |
| % of Gross Profit | 38.88% | 41.31% | |
| Research & Development | $5.100M | $20.40M | |
| YoY Change | 10.87% | 4.62% | |
| % of Gross Profit | 4.31% | 4.39% | |
| Depreciation & Amortization | $23.30M | $94.20M | |
| YoY Change | -1.69% | -0.42% | |
| % of Gross Profit | 19.7% | 20.26% | |
| Operating Expenses | $51.10M | $212.5M | |
| YoY Change | 2.0% | 3.31% | |
| Operating Profit | $35.60M | $214.8M | |
| YoY Change | -43.67% | -10.8% | |
| Interest Expense | $11.00M | $43.90M | |
| YoY Change | -219.57% | -218.01% | |
| % of Operating Profit | 30.9% | 20.44% | |
| Other Income/Expense, Net | -$18.50M | -$58.10M | |
| YoY Change | 83.17% | -1628.95% | |
| Pretax Income | $17.10M | $39.30M | |
| YoY Change | -66.14% | -80.57% | |
| Income Tax | $3.200M | $32.10M | |
| % Of Pretax Income | 18.71% | 81.68% | |
| Net Earnings | $13.40M | $122.2M | |
| YoY Change | -67.63% | -25.67% | |
| Net Earnings / Revenue | 2.47% | 5.75% | |
| Basic Earnings Per Share | $0.41 | $3.74 | |
| Diluted Earnings Per Share | $0.41 | $3.73 | |
| COMMON SHARES | |||
| Basic Shares Outstanding | 32.54M | 32.50M | 32.70M |
| Diluted Shares Outstanding | 32.60M | 32.80M |
Balance Sheet
| Concept | 2023 Q1 | 2022 Q4 | 2022 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $226.4M | $252.8M | |
| YoY Change | -27.27% | -16.95% | |
| Cash & Equivalents | $224.1M | $247.2M | |
| Short-Term Investments | $2.300M | $5.600M | |
| Other Short-Term Assets | $71.90M | $64.90M | |
| YoY Change | 35.66% | 10.75% | |
| Inventory | $344.6M | $348.8M | |
| Prepaid Expenses | $43.30M | ||
| Receivables | $430.6M | $404.0M | |
| Other Receivables | $0.00 | $0.00 | |
| Total Short-Term Assets | $1.074B | $1.071B | |
| YoY Change | 4.38% | 4.08% | |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $1.038B | $1.100B | |
| YoY Change | -1.03% | 0.07% | |
| Goodwill | $912.2M | ||
| YoY Change | 0.52% | ||
| Intangibles | $243.5M | ||
| YoY Change | -3.22% | ||
| Long-Term Investments | $16.50M | $16.50M | |
| YoY Change | -5.71% | -5.71% | |
| Other Assets | $97.60M | $58.40M | |
| YoY Change | -14.76% | -17.05% | |
| Total Long-Term Assets | $2.314B | $2.331B | |
| YoY Change | -1.36% | -0.62% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $1.074B | $1.071B | |
| Total Long-Term Assets | $2.314B | $2.331B | |
| Total Assets | $3.387B | $3.402B | |
| YoY Change | 0.39% | 0.81% | |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $210.1M | $193.8M | |
| YoY Change | 7.14% | -1.17% | |
| Accrued Expenses | $55.30M | $68.80M | |
| YoY Change | -4.49% | -1.15% | |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $118.5M | $119.7M | |
| YoY Change | 48.13% | 49.63% | |
| Long-Term Debt Due | $700.0K | $14.50M | |
| YoY Change | -12.5% | 1712.5% | |
| Total Short-Term Liabilities | $493.5M | $502.6M | |
| YoY Change | 17.56% | 19.72% | |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $944.9M | $928.1M | |
| YoY Change | 0.93% | -0.87% | |
| Other Long-Term Liabilities | $116.6M | $177.3M | |
| YoY Change | -14.45% | -29.25% | |
| Total Long-Term Liabilities | $1.062B | $1.105B | |
| YoY Change | -1.03% | -6.86% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $493.5M | $502.6M | |
| Total Long-Term Liabilities | $1.062B | $1.105B | |
| Total Liabilities | $1.852B | $1.822B | |
| YoY Change | 3.18% | -0.7% | |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $2.266B | ||
| YoY Change | 4.49% | ||
| Common Stock | $488.2M | ||
| YoY Change | 1.9% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $831.1M | ||
| YoY Change | 7.22% | ||
| Treasury Stock Shares | $17.03M | ||
| Shareholders Equity | $1.502B | $1.580B | |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $3.387B | $3.402B | |
| YoY Change | 0.39% | 0.81% |
Cashflow Statement
| Concept | 2023 Q1 | 2022 Q4 | 2022 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $13.40M | $122.2M | |
| YoY Change | -67.63% | -25.67% | |
| Depreciation, Depletion And Amortization | $23.30M | $94.20M | |
| YoY Change | -1.69% | -0.42% | |
| Cash From Operating Activities | $30.40M | $105.7M | |
| YoY Change | -32.59% | -54.52% | |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$19.20M | $82.30M | |
| YoY Change | -90.86% | -129.35% | |
| Acquisitions | $22.40M | ||
| YoY Change | -88.48% | ||
| Other Investing Activities | $76.30M | -$2.000M | |
| YoY Change | 1287.27% | -211.11% | |
| Cash From Investing Activities | $116.5M | -$101.6M | |
| YoY Change | -156.94% | -63.53% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $56.00M | ||
| YoY Change | |||
| Debt Paid & Issued, Net | $552.3M | ||
| YoY Change | 45925.0% | ||
| Cash From Financing Activities | -7.400M | -34.10M | |
| YoY Change | -110.38% | -708.93% | |
| NET CHANGE | |||
| Cash From Operating Activities | 30.40M | 105.7M | |
| Cash From Investing Activities | 116.5M | -101.6M | |
| Cash From Financing Activities | -7.400M | -34.10M | |
| Net Change In Cash | 146.9M | -52.30M | |
| YoY Change | -266.55% | 28.82% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $30.40M | $105.7M | |
| Capital Expenditures | -$19.20M | $82.30M | |
| Free Cash Flow | $49.60M | $23.40M | |
| YoY Change | -80.56% | -95.44% |
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