2022 Q1 Form 10-Q Financial Statement

#000078578622000038 Filed on February 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $841.9M $857.6M
YoY Change -1.83% 0.61%
Cost Of Revenue $747.5M $751.1M
YoY Change -0.48% -2.86%
Gross Profit $70.00M $79.28M
YoY Change -11.71% 0.1%
Gross Profit Margin 8.31% 9.24%
Selling, General & Admin $37.50M $32.41M
YoY Change 15.71% -17.53%
% of Gross Profit 53.58% 40.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.49M $14.84M
YoY Change 4.4% 5.97%
% of Gross Profit 22.13% 18.71%
Operating Expenses $37.50M $32.41M
YoY Change 15.71% -17.53%
Operating Profit $30.47M $46.87M
YoY Change -34.98% 17.46%
Interest Expense $3.046M $4.086M
YoY Change -25.45% -216.74%
% of Operating Profit 10.0% 8.72%
Other Income/Expense, Net -$923.0K -$1.518M
YoY Change -39.2% -31.0%
Pretax Income $26.78M $41.64M
YoY Change -35.69% 21.39%
Income Tax $3.400M $5.400M
% Of Pretax Income 12.7% 12.97%
Net Earnings $23.42M $36.20M
YoY Change -35.29% 16.77%
Net Earnings / Revenue 2.78% 4.22%
Basic Earnings Per Share $0.84 $1.25
Diluted Earnings Per Share $0.82 $1.23
COMMON SHARES
Basic Shares Outstanding 28.02M shares 28.86M shares
Diluted Shares Outstanding 28.71M shares 29.54M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $217.1M $356.7M
YoY Change -39.15% 41.04%
Cash & Equivalents $217.1M $356.7M
Short-Term Investments
Other Short-Term Assets $63.79M $39.40M
YoY Change 61.91% 9.44%
Inventory $1.186B $764.3M
Prepaid Expenses
Receivables $589.3M $484.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.161B $1.758B
YoY Change 22.93% 10.35%
LONG-TERM ASSETS
Property, Plant & Equipment $484.5M $381.6M
YoY Change 26.96% -1.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $36.32M $60.80M
YoY Change -40.26% 70.02%
Total Long-Term Assets $548.2M $513.7M
YoY Change 6.71% -0.58%
TOTAL ASSETS
Total Short-Term Assets $2.161B $1.758B
Total Long-Term Assets $548.2M $513.7M
Total Assets $2.710B $2.272B
YoY Change 19.26% 7.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $711.2M $489.0M
YoY Change 45.46% -5.14%
Accrued Expenses $238.1M $162.2M
YoY Change 46.77% -4.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $151.4M $148.4M
YoY Change 2.03% 118.88%
Total Short-Term Liabilities $1.366B $955.5M
YoY Change 43.02% 7.37%
LONG-TERM LIABILITIES
Long-Term Debt $187.1M $188.1M
YoY Change -0.54% 0.7%
Other Long-Term Liabilities $22.37M $24.23M
YoY Change -7.69% 40.42%
Total Long-Term Liabilities $299.1M $309.6M
YoY Change -3.42% -0.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.366B $955.5M
Total Long-Term Liabilities $299.1M $309.6M
Total Liabilities $1.666B $1.265B
YoY Change 31.65% 5.27%
SHAREHOLDERS EQUITY
Retained Earnings $1.457B $1.331B
YoY Change 9.47% 10.15%
Common Stock $539.0K $536.0K
YoY Change 0.56% 0.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.044B $1.007B
YoY Change
Total Liabilities & Shareholders Equity $2.710B $2.272B
YoY Change 19.26% 7.68%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $23.42M $36.20M
YoY Change -35.29% 16.77%
Depreciation, Depletion And Amortization $15.49M $14.84M
YoY Change 4.4% 5.97%
Cash From Operating Activities -$88.98M $6.716M
YoY Change -1424.88% -91.01%
INVESTING ACTIVITIES
Capital Expenditures $33.25M $15.88M
YoY Change 109.36% -215.91%
Acquisitions
YoY Change
Other Investing Activities $124.0K -$113.0K
YoY Change -209.73% -137.67%
Cash From Investing Activities -$33.37M -$15.77M
YoY Change 111.64% 17.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.13M $22.77M
YoY Change -55.51%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $70.04M -$24.82M
YoY Change -382.18% -25.01%
NET CHANGE
Cash From Operating Activities -$88.98M $6.716M
Cash From Investing Activities -$33.37M -$15.77M
Cash From Financing Activities $70.04M -$24.82M
Net Change In Cash -$52.12M -$30.96M
YoY Change 68.35% -209.79%
FREE CASH FLOW
Cash From Operating Activities -$88.98M $6.716M
Capital Expenditures $33.25M $15.88M
Free Cash Flow -$122.2M -$9.164M
YoY Change 1233.75% -110.37%

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