2023 Q2 Form 10-Q Financial Statement

#000095017023017586 Filed on May 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $181.8M $181.8M
YoY Change 11.22% 31.54%
Cost Of Revenue $115.5M $115.5M
YoY Change 4.26% 20.02%
Gross Profit $66.33M $66.28M
YoY Change 25.84% 58.0%
Gross Profit Margin 36.48% 36.45%
Selling, General & Admin $31.23M $31.00M
YoY Change 9.15% 14.93%
% of Gross Profit 47.09% 46.76%
Research & Development $5.760M $5.193M
YoY Change 7.4% 8.78%
% of Gross Profit 8.68% 7.83%
Depreciation & Amortization $4.689M $4.275M
YoY Change 21.7% 41.51%
% of Gross Profit 7.07% 6.45%
Operating Expenses $31.23M $31.00M
YoY Change 9.15% 14.93%
Operating Profit $28.15M $28.98M
YoY Change 56.82% 206.64%
Interest Expense $1.134M $1.066M
YoY Change 44.64% 102.66%
% of Operating Profit 4.03% 3.68%
Other Income/Expense, Net -$607.0K -$722.0K
YoY Change 228.11% -115.39%
Pretax Income $27.54M $28.26M
YoY Change 55.04% 99.84%
Income Tax $7.077M $6.840M
% Of Pretax Income 25.7% 24.2%
Net Earnings $20.47M $21.40M
YoY Change 49.3% 74.18%
Net Earnings / Revenue 11.26% 11.77%
Basic Earnings Per Share $4.14 $4.33
Diluted Earnings Per Share $4.08 $4.28
COMMON SHARES
Basic Shares Outstanding 4.948M 4.919M
Diluted Shares Outstanding 5.024M 4.997M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.16M $31.79M
YoY Change 43.37% -8.2%
Cash & Equivalents $43.16M $31.79M
Short-Term Investments
Other Short-Term Assets $8.440M $8.179M
YoY Change 51.77% 136.52%
Inventory $148.5M $149.8M
Prepaid Expenses $8.749M $8.299M
Receivables $144.6M $141.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $353.4M $339.2M
YoY Change 15.1% 13.4%
LONG-TERM ASSETS
Property, Plant & Equipment $200.3M $196.2M
YoY Change 27.24% 25.39%
Goodwill $29.53M $28.69M
YoY Change -15.12% -25.36%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.869M $6.704M
YoY Change 12.07% 3.97%
Total Long-Term Assets $268.5M $263.1M
YoY Change 16.74% 11.75%
TOTAL ASSETS
Total Short-Term Assets $353.4M $339.2M
Total Long-Term Assets $268.5M $263.1M
Total Assets $621.9M $602.2M
YoY Change 15.81% 12.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $50.03M $56.27M
YoY Change 1.66% 9.27%
Accrued Expenses $49.13M $43.08M
YoY Change 1.11% -2.28%
Deferred Revenue
YoY Change
Short-Term Debt $13.70M $13.84M
YoY Change -18.72% -2.77%
Long-Term Debt Due $6.889M $3.026M
YoY Change 114.14% -7.21%
Total Short-Term Liabilities $126.8M $125.2M
YoY Change 5.93% 8.42%
LONG-TERM LIABILITIES
Long-Term Debt $68.94M $68.37M
YoY Change 19.9% 12.84%
Other Long-Term Liabilities $16.98M $17.33M
YoY Change 31.25% 22.49%
Total Long-Term Liabilities $85.92M $85.70M
YoY Change 21.98% 14.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $126.8M $125.2M
Total Long-Term Liabilities $85.92M $85.70M
Total Liabilities $212.7M $210.9M
YoY Change 11.88% 10.87%
SHAREHOLDERS EQUITY
Retained Earnings $500.7M $481.3M
YoY Change 15.18% 14.07%
Common Stock $70.45M $68.45M
YoY Change 11.44% 10.13%
Preferred Stock
YoY Change
Treasury Stock (at cost) $109.1M $103.0M
YoY Change 14.13% 7.75%
Treasury Stock Shares $1.841M $1.800M
Shareholders Equity $398.4M $380.7M
YoY Change
Total Liabilities & Shareholders Equity $621.9M $602.2M
YoY Change 15.81% 12.68%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $20.47M $21.40M
YoY Change 49.3% 74.18%
Depreciation, Depletion And Amortization $4.689M $4.275M
YoY Change 21.7% 41.51%
Cash From Operating Activities $20.42M $25.43M
YoY Change -2137.92% -591.4%
INVESTING ACTIVITIES
Capital Expenditures $8.826M $8.351M
YoY Change -252.2% 4.26%
Acquisitions $14.07M
YoY Change 8.3%
Other Investing Activities $1.984M -$13.94M
YoY Change 376.88%
Cash From Investing Activities -$6.842M -$22.30M
YoY Change 17.99% 103.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $50.63M
YoY Change 71.67%
Cash From Financing Activities -2.355M -9.307M
YoY Change -646.4% -161.64%
NET CHANGE
Cash From Operating Activities 20.42M 25.43M
Cash From Investing Activities -6.842M -22.30M
Cash From Financing Activities -2.355M -9.307M
Net Change In Cash 11.22M -5.448M
YoY Change -276.19% 206.76%
FREE CASH FLOW
Cash From Operating Activities $20.42M $25.43M
Capital Expenditures $8.826M $8.351M
Free Cash Flow $11.59M $17.08M
YoY Change 141.69% -229.53%

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