2022 Q3 Form 10-Q Financial Statement

#000091447522000044 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $387.9M $378.2M $310.6M
YoY Change 31.05% 30.91% 31.28%
Cost Of Revenue $6.100M $4.800M $4.600M
YoY Change 45.24% 54.84% 58.62%
Gross Profit $381.8M $373.4M $306.0M
YoY Change 30.84% 30.65% 30.94%
Gross Profit Margin 98.43% 98.73% 98.52%
Selling, General & Admin $186.3M $182.8M $200.7M
YoY Change 20.5% 27.65% 55.58%
% of Gross Profit 48.8% 48.96% 65.59%
Research & Development $107.7M $135.9M $102.2M
YoY Change 16.18% 81.68% 39.62%
% of Gross Profit 28.21% 36.4% 33.4%
Depreciation & Amortization $4.000M $3.900M $3.300M
YoY Change 42.86% 50.0% 32.0%
% of Gross Profit 1.05% 1.04% 1.08%
Operating Expenses $294.0M $318.7M $302.9M
YoY Change 18.88% 46.19% 49.8%
Operating Profit $87.80M $54.70M $3.100M
YoY Change 97.3% -12.9% -90.16%
Interest Expense $1.200M $2.200M $2.600M
YoY Change -81.82% -64.52% -59.38%
% of Operating Profit 1.37% 4.02% 83.87%
Other Income/Expense, Net $10.10M -$78.00M $18.30M
YoY Change -172.14% 1371.7% -525.58%
Pretax Income $97.90M -$23.30M $21.40M
YoY Change 220.98% -140.52% -21.32%
Income Tax $29.40M -$6.400M $7.500M
% Of Pretax Income 30.03% 35.05%
Net Earnings $68.50M -$16.90M $13.90M
YoY Change 204.44% -139.95% -56.7%
Net Earnings / Revenue 17.66% -4.47% 4.48%
Basic Earnings Per Share $0.72 -$0.18 $0.15
Diluted Earnings Per Share $0.69 -$0.18 $0.14
COMMON SHARES
Basic Shares Outstanding 95.64M shares 95.60M shares 95.30M shares
Diluted Shares Outstanding 99.00M shares 95.60M shares 97.60M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $799.4M $648.3M $664.9M
YoY Change 4.37% -26.74% -23.9%
Cash & Equivalents $212.2M $163.3M $270.2M
Short-Term Investments $587.2M $485.0M $394.7M
Other Short-Term Assets $67.90M $62.70M $60.80M
YoY Change 34.46% 63.28% 79.88%
Inventory $37.00M $29.30M $29.00M
Prepaid Expenses
Receivables $301.2M $279.0M $263.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.206B $1.019B $1.018B
YoY Change 19.87% -8.18% -6.19%
LONG-TERM ASSETS
Property, Plant & Equipment $60.90M $66.80M $63.90M
YoY Change 19.18% 33.6% 41.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $457.5M $489.0M $632.3M
YoY Change -16.67% 29.81% 119.17%
Other Assets $10.50M $10.00M $10.10M
YoY Change 228.13% 212.5% 621.43%
Total Long-Term Assets $937.9M $986.4M $1.126B
YoY Change -7.29% 16.55% 48.0%
TOTAL ASSETS
Total Short-Term Assets $1.206B $1.019B $1.018B
Total Long-Term Assets $937.9M $986.4M $1.126B
Total Assets $2.143B $2.006B $2.145B
YoY Change 6.25% 2.52% 16.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $297.8M $265.7M $235.9M
YoY Change 44.63% 39.18% 37.23%
Accrued Expenses $17.30M $17.10M $16.90M
YoY Change 11.61% 14.0% 38.52%
Deferred Revenue
YoY Change
Short-Term Debt $169.2M $0.00 $0.00
YoY Change
Long-Term Debt Due $169.2M
YoY Change
Total Short-Term Liabilities $485.1M $285.7M $253.5M
YoY Change 114.74% 34.19% 33.42%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $169.0M $377.7M
YoY Change -100.0% -48.21% 17.3%
Other Long-Term Liabilities $17.10M $28.00M $19.70M
YoY Change 106.02% -3.45% -7.51%
Total Long-Term Liabilities $17.10M $28.00M $19.70M
YoY Change 106.02% -3.45% -7.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $485.1M $285.7M $253.5M
Total Long-Term Liabilities $17.10M $28.00M $19.70M
Total Liabilities $598.8M $582.3M $753.4M
YoY Change -10.8% -14.01% 17.57%
SHAREHOLDERS EQUITY
Retained Earnings -$495.8M -$564.3M -$547.4M
YoY Change -21.11% -13.32% -21.04%
Common Stock $2.054B $2.000B $1.948B
YoY Change 4.07% 3.65% 2.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.545B $1.423B $1.391B
YoY Change
Total Liabilities & Shareholders Equity $2.143B $2.006B $2.145B
YoY Change 6.25% 2.52% 16.14%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $68.50M -$16.90M $13.90M
YoY Change 204.44% -139.95% -56.7%
Depreciation, Depletion And Amortization $4.000M $3.900M $3.300M
YoY Change 42.86% 50.0% 32.0%
Cash From Operating Activities $98.80M $138.1M -$40.50M
YoY Change 59.87% 33.82% -146.39%
INVESTING ACTIVITIES
Capital Expenditures $1.700M -$8.800M $7.600M
YoY Change -129.82% 104.65% 68.89%
Acquisitions
YoY Change
Other Investing Activities -$63.00M $40.20M -$24.00M
YoY Change -47.72% -146.47% -135.5%
Cash From Investing Activities -$61.30M $31.40M -$31.60M
YoY Change -51.43% -134.58% -150.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.100M
YoY Change -59.87%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.40M -276.4M $6.100M
YoY Change 52.0% -9313.33% -59.6%
NET CHANGE
Cash From Operating Activities 98.80M 138.1M -$40.50M
Cash From Investing Activities -61.30M 31.40M -$31.60M
Cash From Financing Activities 11.40M -276.4M $6.100M
Net Change In Cash 48.90M -106.9M -$66.00M
YoY Change -185.94% -794.16% -139.88%
FREE CASH FLOW
Cash From Operating Activities $98.80M $138.1M -$40.50M
Capital Expenditures $1.700M -$8.800M $7.600M
Free Cash Flow $97.10M $146.9M -$48.10M
YoY Change 43.85% 36.65% -158.09%

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