2021 Q2 Form 10-Q Financial Statement

#000093993021000056 Filed on August 13, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $333.3M $262.8M
YoY Change 26.82% -5.01%
Cost Of Revenue $291.2M $243.2M
YoY Change 19.73% 2.63%
Gross Profit $42.12M $19.63M
YoY Change 114.61% -50.58%
Gross Profit Margin 12.64% 7.47%
Selling, General & Admin $33.85M $60.76M
YoY Change -44.29% 23.05%
% of Gross Profit 80.35% 309.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization -$21.93M $10.03M
YoY Change -318.68% 13.85%
% of Gross Profit -52.08% 51.11%
Operating Expenses $33.85M $60.76M
YoY Change -44.29% 23.05%
Operating Profit $8.204M -$43.60M
YoY Change -118.82% 529.18%
Interest Expense -$26.84M $31.26M
YoY Change -185.86% -7.54%
% of Operating Profit -327.16%
Other Income/Expense, Net -$26.90M
YoY Change
Pretax Income -$18.64M -$101.8M
YoY Change -81.69% 157.15%
Income Tax -$8.439M -$8.168M
% Of Pretax Income
Net Earnings -$11.51M -$92.16M
YoY Change -87.51% 49.14%
Net Earnings / Revenue -3.45% -35.07%
Basic Earnings Per Share -$0.46 -$9.24
Diluted Earnings Per Share -$0.46 -$9.24
COMMON SHARES
Basic Shares Outstanding 25.00M shares 9.976M shares
Diluted Shares Outstanding 25.00M shares 9.976M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $79.59M $172.8M
YoY Change -53.94% 5.28%
Cash & Equivalents $79.59M $172.8M
Short-Term Investments
Other Short-Term Assets $19.71M $14.17M
YoY Change 39.12% -5.57%
Inventory $854.0M $832.2M
Prepaid Expenses $35.22M $30.84M
Receivables $198.2M $159.4M
Other Receivables $44.60M $28.00M
Total Short-Term Assets $1.271B $1.277B
YoY Change -0.52% -1.05%
LONG-TERM ASSETS
Property, Plant & Equipment $140.3M $298.2M
YoY Change -52.93% 3.39%
Goodwill $36.85M $6.120M
YoY Change 502.17% -82.29%
Intangibles $49.94M $64.96M
YoY Change -23.13% -8.22%
Long-Term Investments $85.65M $57.50M
YoY Change 48.96% -10.89%
Other Assets $42.13M $46.09M
YoY Change -8.6% -14.4%
Total Long-Term Assets $411.2M $515.4M
YoY Change -20.23% -23.61%
TOTAL ASSETS
Total Short-Term Assets $1.271B $1.277B
Total Long-Term Assets $411.2M $515.4M
Total Assets $1.682B $1.793B
YoY Change -6.18% -8.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $88.81M $103.9M
YoY Change -14.49% 22.09%
Accrued Expenses $91.43M $91.99M
YoY Change -0.61% -11.88%
Deferred Revenue $29.63M $26.13M
YoY Change 13.4% 39.14%
Short-Term Debt $403.8M $656.0M
YoY Change -38.44% 25.95%
Long-Term Debt Due $2.686M $273.5M
YoY Change -99.02% 81793.41%
Total Short-Term Liabilities $629.4M $1.165B
YoY Change -45.98% 48.67%
LONG-TERM LIABILITIES
Long-Term Debt $669.8M $3.238M
YoY Change 20585.39% -99.64%
Other Long-Term Liabilities $121.0M $767.9M
YoY Change -84.24% 551.2%
Total Long-Term Liabilities $669.8M $3.238M
YoY Change 20585.39% -99.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $629.4M $1.165B
Total Long-Term Liabilities $669.8M $3.238M
Total Liabilities $1.434B $1.962B
YoY Change -26.88% 6.92%
SHAREHOLDERS EQUITY
Retained Earnings -$148.2M -$580.7M
YoY Change -74.48% 103.27%
Common Stock $391.1M $469.8M
YoY Change -16.75% 0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $241.2M -$170.1M
YoY Change
Total Liabilities & Shareholders Equity $1.682B $1.793B
YoY Change -6.18% -8.8%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$11.51M -$92.16M
YoY Change -87.51% 49.14%
Depreciation, Depletion And Amortization -$21.93M $10.03M
YoY Change -318.68% 13.85%
Cash From Operating Activities -$186.0M -$100.3M
YoY Change 85.43% -40.98%
INVESTING ACTIVITIES
Capital Expenditures $3.815M $5.002M
YoY Change -23.73% -74.14%
Acquisitions $0.00 $4.805M
YoY Change -100.0%
Other Investing Activities -$1.017M -$33.00K
YoY Change 2981.82% -110.34%
Cash From Investing Activities $29.65M $44.18M
YoY Change -32.87% -16.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $140.6M $58.66M
YoY Change 139.67% -34.14%
NET CHANGE
Cash From Operating Activities -$186.0M -$100.3M
Cash From Investing Activities $29.65M $44.18M
Cash From Financing Activities $140.6M $58.66M
Net Change In Cash -$15.19M $2.750M
YoY Change -652.47% -109.12%
FREE CASH FLOW
Cash From Operating Activities -$186.0M -$100.3M
Capital Expenditures $3.815M $5.002M
Free Cash Flow -$189.8M -$105.3M
YoY Change 80.24% -44.37%

Facts In Submission

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66610000 USD
CY2020Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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73869000 USD
CY2021Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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67646000 USD
CY2021Q2 pyx Liabilities Not Subject To Compromise
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1434499000 USD
CY2020Q2 pyx Liabilities Not Subject To Compromise
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1312858000 USD
CY2021Q1 pyx Liabilities Not Subject To Compromise
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1285522000 USD
CY2021Q2 us-gaap Liabilities Subject To Compromise
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CY2020Q2 us-gaap Liabilities Subject To Compromise
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649107000 USD
CY2021Q1 us-gaap Liabilities Subject To Compromise
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0 USD
CY2021Q2 us-gaap Liabilities
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1434499000 USD
CY2020Q2 us-gaap Liabilities
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1961965000 USD
CY2021Q1 us-gaap Liabilities
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1285522000 USD
CY2021Q2 us-gaap Commitments And Contingencies
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CY2020Q2 us-gaap Commitments And Contingencies
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CY2021Q1 us-gaap Commitments And Contingencies
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CY2020Q2 us-gaap Common Stock No Par Value
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CY2021Q2 us-gaap Common Stock No Par Value
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0
CY2021Q1 us-gaap Common Stock No Par Value
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0
CY2021Q2 us-gaap Common Stock Shares Authorized
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250000000 shares
CY2020Q2 us-gaap Common Stock Shares Authorized
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250000000 shares
CY2021Q1 us-gaap Common Stock Shares Authorized
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250000000 shares
CY2021Q2 us-gaap Common Stock Shares Issued
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25000000 shares
CY2020Q2 us-gaap Common Stock Shares Issued
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9976000 shares
CY2021Q1 us-gaap Common Stock Shares Issued
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CY2020Q2 us-gaap Common Stock Value
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CY2021Q1 us-gaap Common Stock Value
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CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
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-580706000 USD
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
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-136686000 USD
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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241171000 USD
CY2020Q2 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Stockholders Equity
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247670000 USD
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CY2020Q2 us-gaap Minority Interest
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848000 USD
CY2021Q1 us-gaap Minority Interest
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6270000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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247329000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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-169297000 USD
CY2020Q3 pyx Assets Retained After Reorganization
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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253940000 USD
CY2021Q2 us-gaap Liabilities And Stockholders Equity
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1681828000 USD
CY2020Q2 us-gaap Liabilities And Stockholders Equity
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1792668000 USD
CY2021Q1 us-gaap Liabilities And Stockholders Equity
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1539462000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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253940000 USD
CY2021Q2 us-gaap Profit Loss
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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5017000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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247329000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q2 us-gaap Profit Loss
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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117000 USD
CY2020Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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120000 USD
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Profit Loss
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CY2020Q3 us-gaap Stock Issued During Period Shares New Issues
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CY2021Q2 us-gaap Depreciation And Amortization
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CY2020Q2 us-gaap Depreciation And Amortization
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6132000 USD
CY2020Q2 us-gaap Amortization Of Financing Costs And Discounts
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3434000 USD
CY2021Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2020Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
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5006000 USD
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CY2020Q2 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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15703000 USD
CY2021Q2 us-gaap Increase Decrease In Other Operating Capital Net
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191944000 USD
CY2020Q2 us-gaap Increase Decrease In Other Operating Capital Net
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49285000 USD
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13292000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020Q2 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020Q2 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021Q2 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
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37681000 USD
CY2020Q2 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
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53949000 USD
CY2021Q2 us-gaap Payments To Acquire Loans Receivable
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CY2020Q2 us-gaap Payments To Acquire Loans Receivable
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0 USD
CY2020Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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4805000 USD
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CY2020Q2 us-gaap Payments For Proceeds From Other Investing Activities
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CY2020Q2 us-gaap Proceeds From Payments For Other Financing Activities
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CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020Q2 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
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2875000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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0 USD
CY2020Q2 pyx Cash Paid For Reorganization Items
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CY2020Q2 us-gaap Cash Flows Between Transferor And Transferee Beneficial Interest
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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts relating to balances with related parties have been reclassified to conform to the current year presentation in the condensed consolidated balance sheets. See "</span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#i9fe733db663742bf8757262bf4591223_112" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 23. Related Party Transactions</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">" for additional information.</span>
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CY2020Q2 us-gaap Liabilities Subject To Compromise
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CY2020Q2 us-gaap Reorganization Items
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CY2020Q3 pyx Shareholder Agreement Contingency Proportion Of Common Stock Necessary To Be Entitled To Tag Along Rights
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CY2020Q3 pyx Shareholder Agreement Contingency Proportion Of Common Stock Necessary To Be Entitled To Tag Along Rights
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CY2020Q3 pyx Enterprise Value
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CY2020Q3 pyx Enterprise Value
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CY2020Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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389000 USD
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CY2020Q3 us-gaap Goodwill
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CY2020Q3 pyx Liabilities Subject To Compromise Debt
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CY2020Q3 us-gaap Liabilities Subject To Compromise
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CY2020Q3 us-gaap Liabilities
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CY2020Q3 pyx Conversion Of Debtor In Possession Exit Fee To Term Loan
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CY2020Q3 us-gaap Property Plant And Equipment Gross
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CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
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CY2020Q2 us-gaap Provision For Doubtful Accounts
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CY2020Q2 us-gaap Accounts Receivable Net
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CY2020Q2 us-gaap Derecognized Assets Securitized Or Assetbacked Financing Arrangement Assets And Any Other Financial Assets Managed Together Principal Amount Outstanding
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CY2021Q2 us-gaap Securitized Assets And Any Other Financial Assets Managed Together Principal Amount Outstanding
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CY2020Q2 us-gaap Securitized Assets And Any Other Financial Assets Managed Together Principal Amount Outstanding
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CY2021Q1 us-gaap Securitized Assets And Any Other Financial Assets Managed Together Principal Amount Outstanding
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CY2021Q2 pyx Trade Receivables Sold Servicing Liability
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33000 USD
CY2020Q2 pyx Trade Receivables Sold Servicing Liability
TradeReceivablesSoldServicingLiability
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CY2021Q1 pyx Trade Receivables Sold Servicing Liability
TradeReceivablesSoldServicingLiability
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CY2021Q2 us-gaap Cash Flows Between Transferee And Transferor Proceeds From New Transfers
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CY2020Q2 us-gaap Cash Flows Between Transferee And Transferor Proceeds From New Transfers
CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers
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CY2021Q2 us-gaap Cash Flows Between Transferee And Transferor Proceeds From Collections Reinvested In Revolving Period Transfers
CashFlowsBetweenTransfereeAndTransferorProceedsFromCollectionsReinvestedInRevolvingPeriodTransfers
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CY2020Q2 us-gaap Cash Flows Between Transferee And Transferor Proceeds From Collections Reinvested In Revolving Period Transfers
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CY2021Q2 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
143000 USD
CY2020Q2 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
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CY2021Q2 us-gaap Proceeds From Sale And Collection Of Receivables
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CY2020Q2 us-gaap Proceeds From Sale And Collection Of Receivables
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CY2021Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
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CY2020Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
110712000 USD
CY2021Q1 us-gaap Guarantee Obligations Maximum Exposure
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CY2021Q2 us-gaap Guarantee Obligations Current Carrying Value
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CY2020Q2 us-gaap Guarantee Obligations Current Carrying Value
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CY2021Q2 pyx Guarantor Obligations Fair Value
GuarantorObligationsFairValue
1962000 USD
CY2020Q2 pyx Guarantor Obligations Fair Value
GuarantorObligationsFairValue
3312000 USD
CY2021Q1 pyx Guarantor Obligations Fair Value
GuarantorObligationsFairValue
1740000 USD
CY2021Q2 pyx Guarantor Obligations Amounts Due To Local Banks On Behalf Of Suppliers And Included In Accounts Payable
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12216000 USD
CY2020Q2 pyx Guarantor Obligations Amounts Due To Local Banks On Behalf Of Suppliers And Included In Accounts Payable
GuarantorObligationsAmountsDueToLocalBanksOnBehalfOfSuppliersAndIncludedInAccountsPayable
14206000 USD
CY2021Q1 pyx Guarantor Obligations Amounts Due To Local Banks On Behalf Of Suppliers And Included In Accounts Payable
GuarantorObligationsAmountsDueToLocalBanksOnBehalfOfSuppliersAndIncludedInAccountsPayable
10930000 USD
CY2021Q2 pyx Numberof Years Before Expiring Guarantees
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P1Y
CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
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415000 USD
CY2021Q2 us-gaap Derivative Assets Current
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CY2021Q2 us-gaap Derivative Notional Amount
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CY2020Q2 us-gaap Derivative Assets
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CY2021Q2 pyx Defined Benefit Plan Plan Assets Contributions During Period
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1503000 USD
CY2020Q2 pyx Defined Benefit Plan Plan Assets Contributions During Period
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875000 USD
CY2021Q2 pyx Defined Benefit Plan Plan Assets Contributions Expected For Remainder Of Fiscal Year
DefinedBenefitPlanPlanAssetsContributionsExpectedForRemainderOfFiscalYear
4368000 USD
CY2020Q2 pyx Defined Benefit Plan Plan Assets Contributions Expected For Remainder Of Fiscal Year
DefinedBenefitPlanPlanAssetsContributionsExpectedForRemainderOfFiscalYear
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CY2021Q2 pyx Defined Benefit Plan Plan Assets Contributions Expected And Made
DefinedBenefitPlanPlanAssetsContributionsExpectedAndMade
5871000 USD
CY2020Q2 pyx Defined Benefit Plan Plan Assets Contributions Expected And Made
DefinedBenefitPlanPlanAssetsContributionsExpectedAndMade
7181000 USD
CY2021Q2 pyx Asset Retirement Obligation Number Of Facilities
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CY2021Q2 us-gaap Revenue From Related Parties
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CY2020Q2 us-gaap Revenue From Related Parties
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22342000 USD
CY2020Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
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18727000 USD
CY2021Q2 us-gaap Interest Expense Related Party
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7499000 USD
CY2020Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0 USD
CY2021Q2 us-gaap Notes Receivable Related Parties
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6219000 USD
CY2020Q2 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
0 USD
CY2021Q1 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
6100000 USD
CY2021Q2 us-gaap Number Of Operating Segments
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3 segment
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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333290000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2021Q2 us-gaap Operating Income Loss
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CY2020Q2 us-gaap Operating Income Loss
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CY2021Q2 us-gaap Assets
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CY2020Q2 us-gaap Assets
Assets
1792668000 USD
CY2021Q1 us-gaap Assets
Assets
1539462000 USD

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