2022 Q4 Form 10-K Financial Statement

#000148179223000012 Filed on February 27, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021
Revenue $885.2M $3.217B $2.960B
YoY Change 3.58% 8.67% 1.05%
Cost Of Revenue $707.6M $2.619B $2.390B
YoY Change 0.83% 9.58% 2.36%
Gross Profit $177.6M $598.2M $570.5M
YoY Change 16.23% 4.86% -4.09%
Gross Profit Margin 20.06% 18.59% 19.27%
Selling, General & Admin $101.8M $358.6M $326.0M
YoY Change 5.27% 10.0% -2.72%
% of Gross Profit 57.32% 59.95% 57.14%
Research & Development $3.300M $3.100M
YoY Change 6.45% 3.33%
% of Gross Profit 0.55% 0.54%
Depreciation & Amortization $34.70M $110.4M $125.8M
YoY Change -8.68% -12.24% -11.72%
% of Gross Profit 19.54% 18.46% 22.05%
Operating Expenses $136.5M $361.9M $329.1M
YoY Change 1.34% 9.97% -2.66%
Operating Profit $41.10M $53.50M $92.80M
YoY Change 127.07% -42.35% -301.74%
Interest Expense -$16.10M $48.40M $59.60M
YoY Change 11.03% -18.79% -13.37%
% of Operating Profit -39.17% 90.47% 64.22%
Other Income/Expense, Net $3.100M $12.60M $14.50M
YoY Change -11.43% -13.1% 38.1%
Pretax Income -$4.300M -$13.90M $52.40M
YoY Change -72.96% -126.53% -148.16%
Income Tax $4.400M $8.400M $9.500M
% Of Pretax Income 18.13%
Net Earnings -$8.700M $9.300M $37.80M
YoY Change -58.77% -75.4% -129.46%
Net Earnings / Revenue -0.98% 0.29% 1.28%
Basic Earnings Per Share $0.18 $0.74
Diluted Earnings Per Share -$0.18 $0.18 $0.71
COMMON SHARES
Basic Shares Outstanding 50.70M shares 51.30M shares
Diluted Shares Outstanding 52.50M shares 53.00M shares

Balance Sheet

Concept 2022 Q4 2022 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.20M $25.20M $179.9M
YoY Change -85.99% -85.99% 225.91%
Cash & Equivalents $25.20M $25.20M $179.9M
Short-Term Investments
Other Short-Term Assets $46.00M $46.00M $41.00M
YoY Change 12.2% 12.2% -25.05%
Inventory $260.7M $260.7M $226.2M
Prepaid Expenses
Receivables $372.6M $372.6M $362.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $704.5M $704.5M $809.1M
YoY Change -12.93% -12.93% 19.13%
LONG-TERM ASSETS
Property, Plant & Equipment $672.1M $783.2M $852.7M
YoY Change -7.55% -8.15% -11.66%
Goodwill $86.40M
YoY Change 0.0%
Intangibles $46.90M
YoY Change -37.72%
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $80.80M $80.80M $66.50M
YoY Change 21.5% 21.5% -9.4%
Total Long-Term Assets $997.3M $997.3M $1.081B
YoY Change -7.73% -7.73% -13.42%
TOTAL ASSETS
Total Short-Term Assets $704.5M $704.5M $809.1M
Total Long-Term Assets $997.3M $997.3M $1.081B
Total Assets $1.702B $1.702B $1.890B
YoY Change -9.96% -9.96% -1.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $456.6M $456.6M $367.3M
YoY Change 24.31% 24.31% 14.78%
Accrued Expenses $249.1M $204.9M $255.3M
YoY Change -20.74% -19.74% -24.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $61.10M $61.90M $247.4M
YoY Change -75.12% -74.98% 952.77%
Total Short-Term Liabilities $795.4M $795.4M $957.1M
YoY Change -16.89% -16.89% 40.19%
LONG-TERM LIABILITIES
Long-Term Debt $506.7M $508.3M $556.3M
YoY Change -8.69% -8.63% -38.51%
Other Long-Term Liabilities $128.8M $215.9M $227.9M
YoY Change 0.55% -5.27% -9.31%
Total Long-Term Liabilities $635.5M $724.2M $784.2M
YoY Change -6.95% -7.65% -32.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $795.4M $795.4M $957.1M
Total Long-Term Liabilities $635.5M $724.2M $784.2M
Total Liabilities $1.529B $1.529B $1.753B
YoY Change -12.79% -12.79% -4.9%
SHAREHOLDERS EQUITY
Retained Earnings -$518.5M
YoY Change -1.76%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $23.50M
YoY Change 57.72%
Treasury Stock Shares 3.900M shares
Shareholders Equity $172.9M $172.9M $136.8M
YoY Change
Total Liabilities & Shareholders Equity $1.702B $1.702B $1.890B
YoY Change -9.96% -9.96% -1.96%

Cashflow Statement

Concept 2022 Q4 2022 2021
OPERATING ACTIVITIES
Net Income -$8.700M $9.300M $37.80M
YoY Change -58.77% -75.4% -129.46%
Depreciation, Depletion And Amortization $34.70M $110.4M $125.8M
YoY Change -8.68% -12.24% -11.72%
Cash From Operating Activities $184.9M $154.6M $136.5M
YoY Change 61.63% 13.26% -28.23%
INVESTING ACTIVITIES
Capital Expenditures $10.80M $60.30M $50.00M
YoY Change -228.57% 20.6% -18.03%
Acquisitions $2.600M $0.00
YoY Change -100.0%
Other Investing Activities -$3.100M -$1.100M $200.0K
YoY Change -104.4% -650.0% 100.0%
Cash From Investing Activities -$13.90M -$60.50M $129.4M
YoY Change -122.42% -146.75% 1234.02%
FINANCING ACTIVITIES
Cash Dividend Paid $1.400M $1.400M
YoY Change 0.0% -85.26%
Common Stock Issuance & Retirement, Net $10.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -160.1M -$248.7M -$140.9M
YoY Change 572.69% 76.51% -36.99%
NET CHANGE
Cash From Operating Activities 184.9M $154.6M $136.5M
Cash From Investing Activities -13.90M -$60.50M $129.4M
Cash From Financing Activities -160.1M -$248.7M -$140.9M
Net Change In Cash 10.90M -$154.7M $124.7M
YoY Change -92.86% -224.06% -630.64%
FREE CASH FLOW
Cash From Operating Activities $184.9M $154.6M $136.5M
Capital Expenditures $10.80M $60.30M $50.00M
Free Cash Flow $174.1M $94.30M $86.50M
YoY Change 41.78% 9.02% -33.05%

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CY2022Q4 us-gaap Unrecognized Tax Benefits
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