2022 Q1 Form 10-Q Financial Statement

#000105091522000078 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $3.966B $3.924B $2.704B
YoY Change 46.68% 34.73% -2.19%
Cost Of Revenue $3.417B $3.326B $2.331B
YoY Change 46.62% 35.94% -4.16%
Gross Profit $548.2M $598.0M $372.9M
YoY Change 47.01% 28.35% 12.25%
Gross Profit Margin 13.82% 15.24% 13.79%
Selling, General & Admin $324.9M $367.6M $243.4M
YoY Change 33.5% 31.3% 5.44%
% of Gross Profit 59.27% 61.48% 65.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $70.95M $169.0M $62.11M
YoY Change 14.24% 107.61% 14.15%
% of Gross Profit 12.94% 28.26% 16.66%
Operating Expenses $324.9M $475.7M $243.4M
YoY Change 33.5% 57.88% 5.44%
Operating Profit $117.5M $122.3M $113.7M
YoY Change 3.33% -25.7% 40.86%
Interest Expense $24.73M -$4.764M $12.48M
YoY Change 98.22% -2.78% -10.93%
% of Operating Profit 21.04% -3.9% 10.97%
Other Income/Expense, Net -$1.273M $6.853M $3.672M
YoY Change -134.67% 12.34% -137.37%
Pretax Income $91.58M $121.0M $105.0M
YoY Change -12.81% -29.55% 82.17%
Income Tax $6.556M $14.66M $13.72M
% Of Pretax Income 7.16% 12.12% 13.07%
Net Earnings $84.64M $104.8M $89.76M
YoY Change -5.7% -38.39% 132.02%
Net Earnings / Revenue 2.13% 2.67% 3.32%
Basic Earnings Per Share $0.59 $0.64
Diluted Earnings Per Share $0.57 $707.4K $0.62
COMMON SHARES
Basic Shares Outstanding 143.5M shares 142.5M shares 140.1M shares
Diluted Shares Outstanding 148.1M shares 144.4M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $238.3M $229.1M $200.2M
YoY Change 19.01% 24.1% -46.92%
Cash & Equivalents $238.3M $229.1M $200.2M
Short-Term Investments
Other Short-Term Assets $201.2M $215.1M $169.1M
YoY Change 18.97% 17.26% 0.3%
Inventory $94.26M $84.66M $51.01M
Prepaid Expenses
Receivables $3.357B $3.400B $2.667B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.866B $4.733B $3.606B
YoY Change 34.95% 31.89% -4.07%
LONG-TERM ASSETS
Property, Plant & Equipment $2.215B $2.160B $1.836B
YoY Change 20.65% 18.86% 9.55%
Goodwill $3.593B $3.529B $2.124B
YoY Change 69.17% 66.38% 5.86%
Intangibles $1.685B $1.801B $415.1M
YoY Change 305.97% 313.44% 4.92%
Long-Term Investments $123.3M $101.2M $51.10M
YoY Change 141.29% 125.39%
Other Assets $656.1M $632.2M $577.0M
YoY Change 13.72% 45.11% 46.94%
Total Long-Term Assets $8.149B $8.123B $4.952B
YoY Change 64.57% 68.87% 10.77%
TOTAL ASSETS
Total Short-Term Assets $4.866B $4.733B $3.606B
Total Long-Term Assets $8.149B $8.123B $4.952B
Total Assets $13.02B $12.86B $8.557B
YoY Change 52.09% 53.07% 3.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.341B $1.251B $842.1M
YoY Change 59.26% -17.13% -38.08%
Accrued Expenses $1.054B $1.082B $747.7M
YoY Change 41.0% 1171.22% 718.05%
Deferred Revenue $800.6M $802.9M $499.5M
YoY Change 60.27% 51.81% -15.49%
Short-Term Debt $0.00 $15.75M $0.00
YoY Change 272.03% -100.0%
Long-Term Debt Due $21.87M $13.42M $10.71M
YoY Change 104.17% 27.41% -84.71%
Total Short-Term Liabilities $3.218B $3.165B $2.100B
YoY Change 53.22% 48.0% -0.75%
LONG-TERM LIABILITIES
Long-Term Debt $3.812B $3.724B $1.348B
YoY Change 182.9% 217.17% -15.21%
Other Long-Term Liabilities $489.5M $487.3M $383.6M
YoY Change 27.61% 24.56% 23.75%
Total Long-Term Liabilities $489.5M $487.3M $383.6M
YoY Change 27.61% 24.56% 23.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.218B $3.165B $2.100B
Total Long-Term Liabilities $489.5M $487.3M $383.6M
Total Liabilities $7.873B $7.738B $4.177B
YoY Change 88.48% 91.1% -5.79%
SHAREHOLDERS EQUITY
Retained Earnings $3.789B $3.715B $3.346B
YoY Change 13.23% 13.78% 16.13%
Common Stock $2.637B $2.615B $2.184B
YoY Change 20.77% 20.52% 7.03%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.064B $980.3M $930.6M
YoY Change 14.37% 14.27% 15.39%
Treasury Stock Shares 26.67M shares 25.91M shares 25.36M shares
Shareholders Equity $5.138B $5.112B $4.375B
YoY Change
Total Liabilities & Shareholders Equity $13.02B $12.86B $8.557B
YoY Change 52.09% 53.07% 3.99%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $84.64M $104.8M $89.76M
YoY Change -5.7% -38.39% 132.02%
Depreciation, Depletion And Amortization $70.95M $169.0M $62.11M
YoY Change 14.24% 107.61% 14.15%
Cash From Operating Activities $85.09M $250.0M $125.6M
YoY Change -32.26% -9.47% -44.8%
INVESTING ACTIVITIES
Capital Expenditures $109.9M -$153.2M $83.49M
YoY Change 31.68% 63.67% 22.58%
Acquisitions $0.00 $32.78M
YoY Change -100.0% 43.8%
Other Investing Activities $17.14M -$2.330B -$139.3M
YoY Change -112.31% 4615.99% 563.33%
Cash From Investing Activities -$93.07M -$2.483B -$222.8M
YoY Change -58.23% 1636.29% 149.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $9.500M $19.50M
YoY Change -51.28% -90.25%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $16.55M 766.1M $113.0M
YoY Change -85.35% -560.92% 52.84%
NET CHANGE
Cash From Operating Activities $85.09M 250.0M $125.6M
Cash From Investing Activities -$93.07M -2.483B -$222.8M
Cash From Financing Activities $16.55M 766.1M $113.0M
Net Change In Cash $8.949M -1.467B $15.81M
YoY Change -43.39% 4331.71% -92.54%
FREE CASH FLOW
Cash From Operating Activities $85.09M $250.0M $125.6M
Capital Expenditures $109.9M -$153.2M $83.49M
Free Cash Flow -$24.85M $403.2M $42.13M
YoY Change -158.98% 9.05% -73.58%

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378000 USD
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240836000 USD
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CY2021Q1 pwr Contract With Customer Cumulative Catch Up Adjustment To Revenue Change In Estimate
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84641000 USD
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3834276000 USD
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3737892000 USD
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2500000 USD
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CY2021Q2 us-gaap Stock Repurchased During Period Value
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CY2021Q1 us-gaap Stock Repurchased During Period Shares
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CY2021Q1 us-gaap Stock Repurchased During Period Value
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CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
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0.50
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CY2022Q1 us-gaap Increase Decrease In Contract With Customer Asset
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8200000 USD
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188829000 USD
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CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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186808000 USD
CY2022Q1 us-gaap Operating Lease Payments
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25057000 USD
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27000 USD
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27000 USD
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365000 USD
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CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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168000 USD
CY2022Q1 pwr Rental Purchase Option Asset Obtained In Exchange For Rental Purchase Option Liability
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CY2022Q1 us-gaap Interest Paid Net
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6137000 USD
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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21400000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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27400000 USD

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