2023 Q2 Form 10-Q Financial Statement

#000155837023008034 Filed on May 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $504.8M $491.7M
YoY Change 7.37% 64.38%
Cost Of Revenue $324.4M $275.5M
YoY Change 30.17% 42.62%
Gross Profit $180.4M $216.2M
YoY Change -18.35% 104.06%
Gross Profit Margin 35.74% 43.97%
Selling, General & Admin $9.952M $10.78M
YoY Change -21.25% 9.36%
% of Gross Profit 5.52% 4.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.26M $48.36M
YoY Change -14.91% -13.69%
% of Gross Profit 26.74% 22.36%
Operating Expenses $58.21M $59.14M
YoY Change -16.07% -10.24%
Operating Profit $122.2M $105.7M
YoY Change 15.36% 1241.76%
Interest Expense -$46.01M $42.53M
YoY Change -235.5% 33.16%
% of Operating Profit -37.64% 40.25%
Other Income/Expense, Net -$287.0K -$236.0K
YoY Change 1.41% -152.8%
Pretax Income $73.69M $62.63M
YoY Change 7.48% -351.9%
Income Tax $3.544M $1.600M
% Of Pretax Income 4.81% 2.55%
Net Earnings $66.54M $60.99M
YoY Change 30.67% -345.97%
Net Earnings / Revenue 13.18% 12.4%
Basic Earnings Per Share $1.18 $1.11
Diluted Earnings Per Share $1.10 $1.02
COMMON SHARES
Basic Shares Outstanding 55.25M 55.17M
Diluted Shares Outstanding 60.49M 59.33M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $508.3M $318.5M
YoY Change 183.63% 147.99%
Cash & Equivalents $508.3M $318.5M
Short-Term Investments
Other Short-Term Assets $146.4M $141.0M
YoY Change 13.05% 6.13%
Inventory
Prepaid Expenses
Receivables $105.2M $147.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $759.9M $606.8M
YoY Change 75.06% 76.1%
LONG-TERM ASSETS
Property, Plant & Equipment $3.931B $3.164B
YoY Change 22.82% 5.66%
Goodwill
YoY Change
Intangibles $128.6M $104.7M
YoY Change 18.55% -10.33%
Long-Term Investments
YoY Change
Other Assets $105.6M $95.11M
YoY Change 100.93% 477.39%
Total Long-Term Assets $4.231B $3.428B
YoY Change 23.32% 7.28%
TOTAL ASSETS
Total Short-Term Assets $759.9M $606.8M
Total Long-Term Assets $4.231B $3.428B
Total Assets $4.991B $4.035B
YoY Change 29.13% 13.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $185.4M $332.1M
YoY Change -46.05% 15.59%
Accrued Expenses $127.7M $126.2M
YoY Change 11.02% 9.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $374.0M $500.4M
YoY Change -18.46% 24.37%
LONG-TERM LIABILITIES
Long-Term Debt $3.380B $2.867B
YoY Change 18.06% -2.41%
Other Long-Term Liabilities $393.8M $233.6M
YoY Change 67.22% 0.39%
Total Long-Term Liabilities $3.774B $3.101B
YoY Change 21.8% -2.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $374.0M $500.4M
Total Long-Term Liabilities $3.774B $3.101B
Total Liabilities $4.493B $3.615B
YoY Change 26.12% 1.05%
SHAREHOLDERS EQUITY
Retained Earnings -$952.9M -$959.2M
YoY Change -10.31% -13.8%
Common Stock $1.489B $1.094B
YoY Change 34.44% -1.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $497.9M $99.51M
YoY Change
Total Liabilities & Shareholders Equity $4.991B $4.035B
YoY Change 29.13% 13.98%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $66.54M $60.99M
YoY Change 30.67% -345.97%
Depreciation, Depletion And Amortization $48.26M $48.36M
YoY Change -14.91% -13.69%
Cash From Operating Activities $183.8M $31.71M
YoY Change 39.46% -859.73%
INVESTING ACTIVITIES
Capital Expenditures $41.40M $36.77M
YoY Change -137.99% -478.46%
Acquisitions
YoY Change
Other Investing Activities -$795.6M $9.916M
YoY Change 19587.06% -1315.2%
Cash From Investing Activities -$837.0M -$48.54M
YoY Change 640.46% 466.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 853.4M -13.87M
YoY Change 1153.14% 159.14%
NET CHANGE
Cash From Operating Activities 183.8M 31.71M
Cash From Investing Activities -837.0M -48.54M
Cash From Financing Activities 853.4M -13.87M
Net Change In Cash 200.3M -30.71M
YoY Change 130.58% 69.73%
FREE CASH FLOW
Cash From Operating Activities $183.8M $31.71M
Capital Expenditures $41.40M $36.77M
Free Cash Flow $142.4M -$5.060M
YoY Change -40.86% -191.3%

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