2021 Q1 Form 10-Q Financial Statement

#000100075321000024 Filed on May 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q4 2020 Q1
Revenue $1.287B $1.056B $1.229B
YoY Change 4.66% -1.75% 6.63%
Cost Of Revenue $1.035B $888.8M $995.5M
YoY Change 4.01% -2.67% 7.47%
Gross Profit $251.4M $167.6M $234.0M
YoY Change 7.45% 3.5% 3.22%
Gross Profit Margin 19.54% 15.87% 19.03%
Selling, General & Admin $159.6M $152.0M $141.2M
YoY Change 13.03% 20.25% 4.9%
% of Gross Profit 63.47% 90.69% 60.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.000M $7.900M $7.600M
YoY Change 5.26% 1.28% 13.43%
% of Gross Profit 3.18% 4.71% 3.25%
Operating Expenses $167.6M $159.8M $148.8M
YoY Change 12.65% 19.08% 5.34%
Operating Profit $83.82M $7.800M $85.22M
YoY Change -1.64% -71.86% -0.28%
Interest Expense $1.599M -$1.500M $2.362M
YoY Change -32.3% 650.0% 40.51%
% of Operating Profit 1.91% -19.23% 2.77%
Other Income/Expense, Net
YoY Change
Pretax Income $82.77M $6.300M $84.74M
YoY Change -2.32% -77.17% -2.63%
Income Tax $20.85M $2.000M $22.65M
% Of Pretax Income 25.19% 31.75% 26.72%
Net Earnings $61.92M $4.300M $62.09M
YoY Change -0.27% -78.92% -18.61%
Net Earnings / Revenue 4.81% 0.41% 5.05%
Basic Earnings Per Share $1.62 $1.59
Diluted Earnings Per Share $1.59 $112.9K $1.58
COMMON SHARES
Basic Shares Outstanding 38.22M shares 38.35M shares 38.80M shares
Diluted Shares Outstanding 38.84M shares 39.07M shares

Balance Sheet

Concept 2021 Q1 2020 Q4 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $529.1M $589.4M $424.2M
YoY Change 24.73% 46.58% -6.25%
Cash & Equivalents $494.8M $554.8M $404.7M
Short-Term Investments $34.30M $34.50M $19.50M
Other Short-Term Assets $53.72M $39.46M $40.43M
YoY Change 32.88% -9.27% 10.4%
Inventory
Prepaid Expenses
Receivables $561.2M $6.559M $520.7M
Other Receivables $3.500M $0.00 $0.00
Total Short-Term Assets $1.252B $1.077B $1.079B
YoY Change 15.96% 10.52% 10.12%
LONG-TERM ASSETS
Property, Plant & Equipment $220.3M $216.3M $160.3M
YoY Change 37.41% 46.41% 38.03%
Goodwill $12.70M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.955M $4.548M $6.010M
YoY Change 15.72% -23.88% 8.6%
Total Long-Term Assets $517.6M $507.0M $443.1M
YoY Change 16.8% 20.64% 19.47%
TOTAL ASSETS
Total Short-Term Assets $1.252B $1.077B $1.079B
Total Long-Term Assets $517.6M $507.0M $443.1M
Total Assets $1.769B $1.584B $1.522B
YoY Change 16.2% 13.57% 12.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.841M $6.203M $6.240M
YoY Change -6.39% 35.88% -20.55%
Accrued Expenses $61.11M $60.78M $51.73M
YoY Change 18.13% 3.52% 5.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.044B $904.9M $888.5M
YoY Change 17.55% 4.13% 4.48%
LONG-TERM LIABILITIES
Long-Term Debt $369.4M $369.4M $369.4M
YoY Change 0.0% 37.12% 155.82%
Other Long-Term Liabilities $268.3M $6.292M $259.3M
YoY Change 3.47%
Total Long-Term Liabilities $651.1M $635.2M $637.3M
YoY Change 2.17% 21.72% 67.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.044B $904.9M $888.5M
Total Long-Term Liabilities $651.1M $635.2M $637.3M
Total Liabilities $1.695B $1.540B $1.526B
YoY Change 11.12% 10.73% 23.86%
SHAREHOLDERS EQUITY
Retained Earnings $620.2M $575.0M $545.3M
YoY Change 13.73% 15.13% 18.31%
Common Stock $81.88M $96.08M $46.88M
YoY Change 74.66% 97.31% 36.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $628.4M $627.0M $595.5M
YoY Change 5.53% 15.23% 58.33%
Treasury Stock Shares 17.24M shares
Shareholders Equity $73.64M $44.13M -$3.310M
YoY Change
Total Liabilities & Shareholders Equity $1.769B $1.584B $1.522B
YoY Change 16.2% 13.57% 12.69%

Cashflow Statement

Concept 2021 Q1 2020 Q4 2020 Q1
OPERATING ACTIVITIES
Net Income $61.92M $4.300M $62.09M
YoY Change -0.27% -78.92% -18.61%
Depreciation, Depletion And Amortization $8.000M $7.900M $7.600M
YoY Change 5.26% 1.28% 13.43%
Cash From Operating Activities $1.971M $239.8M $23.79M
YoY Change -91.71% 51.68% -79.79%
INVESTING ACTIVITIES
Capital Expenditures $12.07M -$29.40M $15.63M
YoY Change -22.74% 44.83% 178.62%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$800.0K $15.30M
YoY Change -100.0% -103.05% 109.59%
Cash From Investing Activities -$12.08M -$30.20M -$314.0K
YoY Change 3746.18% -611.86% -118.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$42.40M -22.20M $25.60M
YoY Change -265.59% -26.49% -163.47%
NET CHANGE
Cash From Operating Activities $1.971M 239.8M $23.79M
Cash From Investing Activities -$12.08M -30.20M -$314.0K
Cash From Financing Activities -$42.40M -22.20M $25.60M
Net Change In Cash -$52.50M 187.4M $49.08M
YoY Change -206.98% 40.06% -37.94%
FREE CASH FLOW
Cash From Operating Activities $1.971M $239.8M $23.79M
Capital Expenditures $12.07M -$29.40M $15.63M
Free Cash Flow -$10.10M $269.2M $8.162M
YoY Change -223.76% 50.9% -92.72%

Facts In Submission

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0.40
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15600000 USD
CY2021Q1 us-gaap Class Of Warrant Or Right Reason For Issuing To Nonemployees
ClassOfWarrantOrRightReasonForIssuingToNonemployees
Rights PlanOn May 21, 2020, the Board declared a dividend of one right (“Right”) for each outstanding share of common stock to common stockholders of record at the close of business on June 1, 2020 (the “Rights Plan”). Each Right, if and when it becomes exercisable, entitles the registered holder to purchase from us one unit consisting of one one-hundredth of a share of Series A Junior Participating Preferred Stock, par value $0.01 per share. Initially, the Rights are attached to all outstanding shares of our common stock. The Rights are not currently exercisable and the Rights Plan will expire at the close of business on May 20, 2021, unless the Rights are earlier redeemed or exchanged by us.
CY2021Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1 shares
CY2021Q1 us-gaap Warrants And Rights Outstanding Maturity Date
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2021-05-20
CY2021Q1 us-gaap Net Income Loss
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61922000 USD
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62092000 USD
CY2021Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
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197000 USD
CY2020Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
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462000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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61725000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
61630000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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38216000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38802000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
623000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
266000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38839000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39068000 shares
CY2021Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
146000000 USD
CY2021Q1 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
0 USD

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