2022 Q1 Form 10-K Financial Statement

#000117175922000010 Filed on March 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021
Revenue $275.4M $1.162B
YoY Change 37.39% 33.77%
Cost Of Revenue $236.4M $905.1M
YoY Change 31.25% 24.33%
Gross Profit $39.07M $257.0M
YoY Change 91.5% 82.64%
Gross Profit Margin 14.18% 22.11%
Selling, General & Admin $30.34M $122.7M
YoY Change 42.56% 14.9%
% of Gross Profit 77.67% 47.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.88M $83.44M
YoY Change -1.52% -4.7%
% of Gross Profit 48.33% 32.47%
Operating Expenses $30.34M $122.7M
YoY Change 42.56% 14.9%
Operating Profit -$12.14M -$36.70M
YoY Change -50.66% -86.66%
Interest Expense -$2.870M $14.18M
YoY Change 24.78% 39.49%
% of Operating Profit
Other Income/Expense, Net -$1.561M -$16.07M
YoY Change -89.55%
Pretax Income -$15.01M -$50.15M
YoY Change -44.16% -82.31%
Income Tax -$26.00K -$152.0K
% Of Pretax Income
Net Earnings -$14.98M -$50.00M
YoY Change 142.43% -81.89%
Net Earnings / Revenue -5.44% -4.3%
Basic Earnings Per Share -$0.95 -$3.19
Diluted Earnings Per Share -$0.95 -$3.19
COMMON SHARES
Basic Shares Outstanding 15.75M shares 15.71M shares 15.66M shares
Diluted Shares Outstanding 15.71M shares 15.66M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.76M $22.75M
YoY Change -35.19% 41.3%
Cash & Equivalents $22.75M $22.75M
Short-Term Investments
Other Short-Term Assets $12.44M $16.96M
YoY Change 6.32% 22.92%
Inventory $25.22M $25.22M
Prepaid Expenses
Receivables $21.40M $21.40M
Other Receivables $16.17M $15.82M
Total Short-Term Assets $102.2M $102.2M
YoY Change 17.54% 17.56%
LONG-TERM ASSETS
Property, Plant & Equipment $386.3M $787.2M
YoY Change -9.53% -7.68%
Goodwill
YoY Change
Intangibles $21.29M
YoY Change -13.85%
Long-Term Investments
YoY Change
Other Assets $18.39M $18.39M
YoY Change -8.76% 75.13%
Total Long-Term Assets $826.8M $826.8M
YoY Change -6.87% -6.87%
TOTAL ASSETS
Total Short-Term Assets $102.2M $102.2M
Total Long-Term Assets $826.8M $826.8M
Total Assets $929.0M $929.0M
YoY Change -4.69% -4.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.51M $32.51M
YoY Change 61.11% 60.94%
Accrued Expenses $45.46M $116.9M
YoY Change 11.7% -3.78%
Deferred Revenue $54.21M
YoY Change 8.13%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $9.692M $10.89M
YoY Change -0.08% 0.8%
Total Short-Term Liabilities $223.3M $223.3M
YoY Change 10.24% 10.22%
LONG-TERM LIABILITIES
Long-Term Debt $167.3M $167.3M
YoY Change -23.62% -2.7%
Other Long-Term Liabilities $26.33M $461.5M
YoY Change -27.33% -3.78%
Total Long-Term Liabilities $193.6M $628.7M
YoY Change 434.42% -3.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $223.3M $223.3M
Total Long-Term Liabilities $193.6M $628.7M
Total Liabilities $852.0M $852.0M
YoY Change -0.23% -0.23%
SHAREHOLDERS EQUITY
Retained Earnings $27.20M
YoY Change -64.77%
Common Stock $242.6M
YoY Change -0.35%
Preferred Stock
YoY Change
Treasury Stock (at cost) $192.8M
YoY Change -3.55%
Treasury Stock Shares 4.727M shares
Shareholders Equity $76.97M $76.97M
YoY Change
Total Liabilities & Shareholders Equity $929.0M $929.0M
YoY Change -4.69% -4.69%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021
OPERATING ACTIVITIES
Net Income -$14.98M -$50.00M
YoY Change 142.43% -81.89%
Depreciation, Depletion And Amortization $18.88M $83.44M
YoY Change -1.52% -4.7%
Cash From Operating Activities $433.0K $47.29M
YoY Change -111.39% 133.74%
INVESTING ACTIVITIES
Capital Expenditures -$9.133M -$42.26M
YoY Change 168.62% 91.23%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00 $20.00K
YoY Change -100.0% -97.14%
Cash From Investing Activities -$9.133M -$42.24M
YoY Change 238.26% 97.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 894.0K $1.563M
YoY Change -88.24% -113.35%
NET CHANGE
Cash From Operating Activities 433.0K $47.29M
Cash From Investing Activities -9.133M -$42.24M
Cash From Financing Activities 894.0K $1.563M
Net Change In Cash -7.806M $6.634M
YoY Change -809.64% -147.63%
FREE CASH FLOW
Cash From Operating Activities $433.0K $47.29M
Capital Expenditures -$9.133M -$42.26M
Free Cash Flow $9.566M $89.55M
YoY Change -2491.5% 111.54%

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