2021 Q3 Form 10-Q Financial Statement

#000143774921025505 Filed on November 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q3
Revenue $1.267B $1.316B $1.179B
YoY Change 7.46% 31.27% -26.31%
Cost Of Revenue $984.2M $1.045B $966.1M
YoY Change 1.87% 29.01% -27.6%
Gross Profit $282.3M $270.8M $212.5M
YoY Change 32.87% 40.79% -19.76%
Gross Profit Margin 22.29% 20.58% 18.03%
Selling, General & Admin $179.9M $184.7M $155.5M
YoY Change 15.69% 18.27% -19.22%
% of Gross Profit 63.72% 68.22% 73.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $41.80M $42.29M $44.10M
YoY Change -5.22% -5.39% -1.12%
% of Gross Profit 14.81% 15.62% 20.76%
Operating Expenses $179.9M $184.7M $155.5M
YoY Change 15.69% 18.27% -19.22%
Operating Profit $90.17M $72.79M $42.87M
YoY Change 110.34% 216.47% -26.5%
Interest Expense -$271.0K $212.0K $1.053M
YoY Change -125.74% -90.4% -86.31%
% of Operating Profit -0.3% 0.29% 2.46%
Other Income/Expense, Net $1.951M $1.746M $2.113M
YoY Change -7.67% 1.51% 33.99%
Pretax Income $91.85M $74.75M $43.93M
YoY Change 109.09% 232.04% -15.86%
Income Tax $22.45M $16.71M $9.989M
% Of Pretax Income 24.44% 22.35% 22.74%
Net Earnings $69.40M $58.04M $33.94M
YoY Change 104.48% 245.17% -13.21%
Net Earnings / Revenue 5.48% 4.41% 2.88%
Basic Earnings Per Share $1.24 $1.04 $0.62
Diluted Earnings Per Share $1.20 $1.00 $0.60
COMMON SHARES
Basic Shares Outstanding 56.01M 56.01M 55.03M
Diluted Shares Outstanding 57.81M 57.96M 56.44M

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $259.7M $315.9M $259.5M
YoY Change 0.07% 46.53% 201.39%
Cash & Equivalents $259.7M $315.9M $259.5M
Short-Term Investments
Other Short-Term Assets $15.01M $16.16M $13.30M
YoY Change 12.88% 4.26% -46.37%
Inventory $754.0M $813.8M $937.9M
Prepaid Expenses
Receivables $149.3M $160.4M $155.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.178B $1.306B $1.366B
YoY Change -13.79% -6.58% -20.96%
LONG-TERM ASSETS
Property, Plant & Equipment $1.166B $1.179B $1.227B
YoY Change -4.98% -5.8% -2.7%
Goodwill $292.1M $292.1M $292.1M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $76.56M $72.37M $67.32M
YoY Change 13.72% 11.37% 1.09%
Total Long-Term Assets $1.599B $1.606B $1.644B
YoY Change -2.73% -3.63% -1.92%
TOTAL ASSETS
Total Short-Term Assets $1.178B $1.306B $1.366B
Total Long-Term Assets $1.599B $1.606B $1.644B
Total Assets $2.777B $2.912B $3.011B
YoY Change -7.75% -4.98% -11.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $128.1M $124.1M $110.0M
YoY Change 16.49% 26.66% -20.17%
Accrued Expenses $144.1M $125.8M $115.6M
YoY Change 24.63% 13.13% 8.29%
Deferred Revenue $43.82M $50.48M $36.58M
YoY Change 19.79% 186.69% 9.03%
Short-Term Debt $354.3M $470.9M $613.7M
YoY Change -42.26% -35.04% -41.62%
Long-Term Debt Due $91.64M $146.6M $203.4M
YoY Change -54.95% -27.43% 13.19%
Total Short-Term Liabilities $772.7M $928.8M $1.089B
YoY Change -29.06% -20.18% -28.28%
LONG-TERM LIABILITIES
Long-Term Debt $309.0M $332.2M $385.4M
YoY Change -19.82% -18.7% -16.69%
Other Long-Term Liabilities $35.80M $35.58M $22.77M
YoY Change 57.24% 62.62% 16.02%
Total Long-Term Liabilities $344.8M $367.7M $408.2M
YoY Change -15.52% -14.57% -15.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $772.7M $928.8M $1.089B
Total Long-Term Liabilities $344.8M $367.7M $408.2M
Total Liabilities $1.118B $1.297B $1.497B
YoY Change -25.37% -18.67% -25.17%
SHAREHOLDERS EQUITY
Retained Earnings $973.7M $915.0M $798.6M
YoY Change 21.92% -16.51% -23.69%
Common Stock $463.0M $457.3M $429.4M
YoY Change 7.82% 10.13% 9.86%
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.81M $13.59M $723.0K
YoY Change 3332.09% -95.81% -99.76%
Treasury Stock Shares
Shareholders Equity $1.413B $1.360B $1.227B
YoY Change
Total Liabilities & Shareholders Equity $2.777B $2.912B $3.011B
YoY Change -7.75% -4.98% -11.59%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q3
OPERATING ACTIVITIES
Net Income $69.40M $58.04M $33.94M
YoY Change 104.48% 245.17% -13.21%
Depreciation, Depletion And Amortization $41.80M $42.29M $44.10M
YoY Change -5.22% -5.39% -1.12%
Cash From Operating Activities $200.9M $197.6M $172.3M
YoY Change 16.62% -29.28% -32.03%
INVESTING ACTIVITIES
Capital Expenditures -$37.97M -$51.45M -$25.60M
YoY Change 48.3% 57.35% -66.97%
Acquisitions
YoY Change
Other Investing Activities -$507.0K $673.0K $1.000M
YoY Change -150.7% -88.19% 150.0%
Cash From Investing Activities -$38.47M -$50.68M -$24.50M
YoY Change 57.03% 87.01% -68.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -218.7M -147.0M -103.7M
YoY Change 110.88% -15.69% -48.59%
NET CHANGE
Cash From Operating Activities 200.9M 197.6M 172.3M
Cash From Investing Activities -38.47M -50.68M -24.50M
Cash From Financing Activities -218.7M -147.0M -103.7M
Net Change In Cash -56.22M -37.00K 44.10M
YoY Change -227.48% -100.05% -274.31%
FREE CASH FLOW
Cash From Operating Activities $200.9M $197.6M $172.3M
Capital Expenditures -$37.97M -$51.45M -$25.60M
Free Cash Flow $238.9M $249.1M $197.9M
YoY Change 20.72% -20.2% -40.21%

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CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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150000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
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CY2021Q3 us-gaap Sales Type Lease Lease Receivable
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CY2021Q3 rusha Lessor Leases Payments Received
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CY2020Q3 rusha Lessor Leases Payments Received
LessorLeasesPaymentsReceived
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rusha Lessor Leases Payments Received
LessorLeasesPaymentsReceived
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rusha Lessor Leases Payments Received
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CY2021Q3 rusha Lessor Non Lease Payments Received
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CY2021Q3 us-gaap Lease Income
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us-gaap Lease Income
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CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1608000 USD

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