2023 Q3 Form 10-Q Financial Statement

#000079052623000014 Filed on August 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $402.0M $403.7M $354.4M
YoY Change 14.83% 13.92% 6.13%
Cost Of Revenue $308.0M $315.1M $274.6M
YoY Change 9.02% 14.76% 8.77%
Gross Profit $94.00M $88.62M $79.81M
YoY Change 39.22% 11.04% -2.06%
Gross Profit Margin 23.38% 21.95% 22.52%
Selling, General & Admin $29.80M $30.05M $31.21M
YoY Change -5.16% -3.71% 0.22%
% of Gross Profit 31.7% 33.91% 39.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.21M $32.18M $28.86M
YoY Change 10.2% 11.5% 20.2%
% of Gross Profit 34.27% 36.31% 36.16%
Operating Expenses $358.7M $379.3M $60.07M
YoY Change 4.55% 531.4% -80.39%
Operating Profit $43.25M $24.44M $19.74M
YoY Change 524.65% 23.83% -28.69%
Interest Expense -$16.00M -$10.46M -$2.331M
YoY Change -613.48% 348.61% -74.14%
% of Operating Profit -36.99% -42.78% -11.81%
Other Income/Expense, Net -$11.97M -$10.50M $7.000K
YoY Change -799.3% -150057.14% -100.04%
Pretax Income $31.29M $13.94M $17.23M
YoY Change 262.32% -19.09% 57.23%
Income Tax $7.200M -$600.0K $3.403M
% Of Pretax Income 23.01% -4.3% 19.75%
Net Earnings $17.54M $8.369M $7.905M
YoY Change 2525.75% 5.87% 175.15%
Net Earnings / Revenue 4.36% 2.07% 2.23%
Basic Earnings Per Share $0.26 $0.14 $0.14
Diluted Earnings Per Share $0.25 $0.12 $138.8K
COMMON SHARES
Basic Shares Outstanding 67.77M shares 58.35M shares 56.22M shares
Diluted Shares Outstanding 68.81M shares 60.92M shares 56.97M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $337.9M $356.7M $99.17M
YoY Change 255.66% 259.64% -29.59%
Cash & Equivalents $337.9M $356.7M $99.17M
Short-Term Investments
Other Short-Term Assets $48.20M $49.32M $49.12M
YoY Change -9.64% 0.41% 61.32%
Inventory
Prepaid Expenses
Receivables $167.7M $174.5M $170.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $578.7M $602.7M $319.1M
YoY Change 78.32% 88.87% -4.72%
LONG-TERM ASSETS
Property, Plant & Equipment $577.2M $576.1M $1.150B
YoY Change 11.96% -49.9% 164.24%
Goodwill $676.4M $687.9M
YoY Change 17.61%
Intangibles $91.83M $100.4M
YoY Change 3.6%
Long-Term Investments $94.50M $52.49M $48.94M
YoY Change 81.66% 7.27% 18.27%
Other Assets $56.30M $58.57M $51.25M
YoY Change -6.17% 14.28% -29.83%
Total Long-Term Assets $2.109B $2.103B $1.922B
YoY Change 9.71% 9.42% 13.22%
TOTAL ASSETS
Total Short-Term Assets $578.7M $602.7M $319.1M
Total Long-Term Assets $2.109B $2.103B $1.922B
Total Assets $2.688B $2.705B $2.241B
YoY Change 19.62% 20.73% 10.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $326.5M $353.7M $25.32M
YoY Change 931.14% 1297.03% 12.04%
Accrued Expenses $59.30M $59.50M $67.26M
YoY Change -11.32% -11.52% -5.8%
Deferred Revenue $5.176M $5.054M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $16.04M $15.99M $11.16M
YoY Change 48.7% 43.22% 3.48%
Total Short-Term Liabilities $407.1M $434.2M $404.5M
YoY Change -0.52% 7.35% 6.1%
LONG-TERM LIABILITIES
Long-Term Debt $844.3M $848.3M $737.9M
YoY Change 14.79% 14.96% -1.49%
Other Long-Term Liabilities $9.805M $22.87M $646.9M
YoY Change -47.77% -96.46% 1753.63%
Total Long-Term Liabilities $854.1M $871.2M $1.385B
YoY Change 13.24% -37.09% 3868.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $407.1M $434.2M $404.5M
Total Long-Term Liabilities $854.1M $871.2M $1.385B
Total Liabilities $1.892B $1.944B $1.929B
YoY Change 5.76% 0.82% 11.29%
SHAREHOLDERS EQUITY
Retained Earnings -$77.72M -$95.26M
YoY Change -4.86%
Common Stock $7.000K $7.000K
YoY Change 40.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $618.9M $593.2M $312.2M
YoY Change
Total Liabilities & Shareholders Equity $2.688B $2.705B $2.241B
YoY Change 19.62% 20.73% 10.26%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $17.54M $8.369M $7.905M
YoY Change 2525.75% 5.87% 175.15%
Depreciation, Depletion And Amortization $32.21M $32.18M $28.86M
YoY Change 10.2% 11.5% 20.2%
Cash From Operating Activities $31.20M $68.08M $64.84M
YoY Change 15.44% 4.98% 111.9%
INVESTING ACTIVITIES
Capital Expenditures $41.10M $39.47M -$36.10M
YoY Change -258.4% -209.32% -207.12%
Acquisitions
YoY Change
Other Investing Activities -$5.800M -$889.0K $1.677M
YoY Change 421.11% -153.01% -102.54%
Cash From Investing Activities -$46.90M -$40.35M -$34.42M
YoY Change 73.32% 17.23% 6.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.200M 238.1M -3.312M
YoY Change -3.41% -7289.7% -102.97%
NET CHANGE
Cash From Operating Activities 31.20M 68.08M 64.84M
Cash From Investing Activities -46.90M -40.35M -34.42M
Cash From Financing Activities -3.200M 238.1M -3.312M
Net Change In Cash -18.90M 265.8M 27.11M
YoY Change 464.68% 880.72% -75.3%
FREE CASH FLOW
Cash From Operating Activities $31.20M $68.08M $64.84M
Capital Expenditures $41.10M $39.47M -$36.10M
Free Cash Flow -$9.900M $28.61M $100.9M
YoY Change -118.69% -71.66% -3356.26%

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57893000 usd
us-gaap Income Loss From Equity Method Investments
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2851000 usd
us-gaap Equity Method Investment Dividends Or Distributions
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CY2023Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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52492000 usd
CY2023Q2 rdnt Management Service Fees
ManagementServiceFees
4000000 usd
CY2022Q2 rdnt Management Service Fees
ManagementServiceFees
5600000 usd
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ManagementServiceFees
8200000 usd
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CY2023Q2 us-gaap Revenues
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us-gaap Revenues
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CY2023Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
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OperatingCostsAndExpenses
305775000 usd
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
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CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32180000 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
28862000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
63495000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
55980000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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GainLossOnSaleOfPropertyPlantEquipment
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GainLossOnSaleOfPropertyPlantEquipment
-656000 usd
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GainLossOnSaleOfPropertyPlantEquipment
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CY2023Q2 us-gaap Severance Costs1
SeveranceCosts1
1870000 usd
CY2022Q2 us-gaap Severance Costs1
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99000 usd
us-gaap Severance Costs1
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2004000 usd
us-gaap Severance Costs1
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CY2023Q2 rdnt Operating Income Loss Excluding Relief Funding
OperatingIncomeLossExcludingReliefFunding
24441000 usd
CY2022Q2 rdnt Operating Income Loss Excluding Relief Funding
OperatingIncomeLossExcludingReliefFunding
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OperatingIncomeLossExcludingReliefFunding
31112000 usd
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OperatingIncomeLossExcludingReliefFunding
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CY2023Q2 us-gaap Long Term Debt
LongTermDebt
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LongTermDebt
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CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
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LongTermDebtCurrent
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CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPlans
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
18.64
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
10.10
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
15012103000 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
676532 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
14.72
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P5Y8M26D
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
12111044000 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
20100000 shares
CY2023Q2 us-gaap Deferred Compensation Arrangement With Individual Common Stock Reserved For Future Issuance
DeferredCompensationArrangementWithIndividualCommonStockReservedForFutureIssuance
4056699 shares
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
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CY2023Q2 ecd Rule10b51 Arr Adopted Flag
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CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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