2023 Q3 Form 10-Q Financial Statement

#000157128323000036 Filed on July 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $205.4M $195.8M
YoY Change 26.21% 31.28%
Cost Of Revenue $48.10M $44.31M
YoY Change 21.42% 25.15%
Gross Profit $157.3M $151.5M
YoY Change 27.75% 33.19%
Gross Profit Margin 76.58% 77.37%
Selling, General & Admin $18.60M $18.27M
YoY Change 24.41% 22.9%
% of Gross Profit 11.82% 12.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $60.50M $58.79M
YoY Change 18.29% 26.14%
% of Gross Profit 38.46% 38.82%
Operating Expenses $79.00M $77.06M
YoY Change 19.52% 25.36%
Operating Profit $78.30M $74.40M
YoY Change 37.28% 42.41%
Interest Expense $15.95M -$17.18M
YoY Change -206.5% -268.96%
% of Operating Profit 20.37% -23.09%
Other Income/Expense, Net $551.0K $306.0K
YoY Change 33.41% 3.73%
Pretax Income $61.80M $56.91M
YoY Change 48.39% 39.14%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $58.97M $51.56M
YoY Change 50.12% 33.54%
Net Earnings / Revenue 28.71% 26.34%
Basic Earnings Per Share $0.27 $0.26
Diluted Earnings Per Share $0.27 $0.26
COMMON SHARES
Basic Shares Outstanding 206.4M shares 200.9M shares
Diluted Shares Outstanding 205.4M shares 200.7M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $83.00M $136.3M
YoY Change 123.47% 297.13%
Cash & Equivalents $83.27M $136.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $83.00M $136.3M
YoY Change 123.47% 297.13%
LONG-TERM ASSETS
Property, Plant & Equipment $10.09B $9.720B
YoY Change 18.88% 29.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $8.700M
YoY Change -100.0% -52.91%
Other Assets $4.000M $4.139M
YoY Change -22.84% -25.18%
Total Long-Term Assets $10.49B $10.09B
YoY Change 18.43% 28.61%
TOTAL ASSETS
Total Short-Term Assets $83.00M $136.3M
Total Long-Term Assets $10.49B $10.09B
Total Assets $10.58B $10.23B
YoY Change 18.87% 29.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $146.0M $99.98M
YoY Change 42.62% 43.15%
Accrued Expenses $9.000M $9.900M
YoY Change -21.05% -16.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $320.0M $270.4M
YoY Change 31.44% 33.55%
LONG-TERM LIABILITIES
Long-Term Debt $2.228B $2.227B
YoY Change 15.2% 34.12%
Other Long-Term Liabilities $186.0M $173.1M
YoY Change 6.38% 5.4%
Total Long-Term Liabilities $2.414B $2.400B
YoY Change 14.47% 31.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $320.0M $270.4M
Total Long-Term Liabilities $2.414B $2.400B
Total Liabilities $2.734B $3.038B
YoY Change 0.73% 49.87%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $7.615B $7.313B
YoY Change 21.72% 31.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.472B $7.187B
YoY Change
Total Liabilities & Shareholders Equity $10.58B $10.23B
YoY Change 18.87% 29.78%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $58.97M $51.56M
YoY Change 50.12% 33.54%
Depreciation, Depletion And Amortization $60.50M $58.79M
YoY Change 18.29% 26.14%
Cash From Operating Activities $108.9M $83.18M
YoY Change 11.08% 16.64%
INVESTING ACTIVITIES
Capital Expenditures $75.10M $47.85M
YoY Change -314.31% -271.26%
Acquisitions
YoY Change
Other Investing Activities -$301.9M -$81.98M
YoY Change -68.89% -85.11%
Cash From Investing Activities -$377.1M -$129.8M
YoY Change -62.5% -77.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 215.2M -86.93M
YoY Change -76.36% -117.64%
NET CHANGE
Cash From Operating Activities 108.9M 83.18M
Cash From Investing Activities -377.1M -129.8M
Cash From Financing Activities 215.2M -86.93M
Net Change In Cash -53.00M -133.6M
YoY Change -1976.77% 819.49%
FREE CASH FLOW
Cash From Operating Activities $108.9M $83.18M
Capital Expenditures $75.10M $47.85M
Free Cash Flow $33.80M $35.33M
YoY Change -74.6% -64.4%

Facts In Submission

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CY2023Q2 rexr Lessee Operating Lease Liability To Be Paid After Year Four
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CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q2 us-gaap Operating Lease Liability
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CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q2 us-gaap Other Commitment
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CY2023Q2 us-gaap Cash Fdic Insured Amount
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250000 usd
CY2023Q2 us-gaap Preferred Stock Shares Outstanding
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CY2023Q2 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
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CY2022Q4 us-gaap Preferred Stock Liquidation Preference Value
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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rexr Share Based Compensation Arrangement By Share Based Payment Award Performance Period
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CY2023Q2 us-gaap Profit Loss
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CY2022Q2 us-gaap Profit Loss
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CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
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