2022 Q1 Form 10-Q Financial Statement
#000117891322001805 Filed on May 04, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 | 2020 Q4 |
|---|---|---|---|
| Revenue | $655.1M | $405.5M | $358.1M |
| YoY Change | 61.55% | -5.97% | -14.37% |
| Cost Of Revenue | $476.1M | $265.4M | $247.8M |
| YoY Change | 79.4% | -8.86% | -9.89% |
| Gross Profit | $179.0M | $140.1M | $110.3M |
| YoY Change | 27.76% | 0.05% | -22.97% |
| Gross Profit Margin | 27.32% | 34.54% | 30.8% |
| Selling, General & Admin | $61.75M | $46.76M | $46.90M |
| YoY Change | 32.05% | 15.63% | 32.49% |
| % of Gross Profit | 34.5% | 33.38% | 42.52% |
| Research & Development | $66.35M | $46.98M | $47.50M |
| YoY Change | 41.24% | 28.02% | 36.1% |
| % of Gross Profit | 37.08% | 33.54% | 43.06% |
| Depreciation & Amortization | $11.66M | $6.887M | $8.400M |
| YoY Change | 69.3% | 37.63% | 21.74% |
| % of Gross Profit | 6.52% | 4.92% | 7.62% |
| Operating Expenses | $128.1M | $95.95M | $94.40M |
| YoY Change | 33.51% | 32.83% | -6.53% |
| Operating Profit | $50.86M | $44.13M | $15.90M |
| YoY Change | 15.26% | -34.89% | -62.32% |
| Interest Expense | -$5.449M | -$6.100M | $10.40M |
| YoY Change | -10.67% | -63.25% | -6.31% |
| % of Operating Profit | -10.71% | -13.82% | 65.41% |
| Other Income/Expense, Net | -$6.097M | ||
| YoY Change | -63.28% | ||
| Pretax Income | $45.42M | $38.03M | $24.80M |
| YoY Change | 19.42% | -25.68% | -59.74% |
| Income Tax | $12.29M | $7.955M | $7.200M |
| % Of Pretax Income | 27.07% | 20.92% | 29.03% |
| Net Earnings | $33.12M | $30.08M | $17.70M |
| YoY Change | 10.13% | -28.81% | -66.48% |
| Net Earnings / Revenue | 5.06% | 7.42% | 4.94% |
| Basic Earnings Per Share | $0.62 | $0.58 | |
| Diluted Earnings Per Share | $588.2K | $0.55 | $332.1K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 52.82M shares | 51.73M shares | 51.21M shares |
| Diluted Shares Outstanding | 56.32M shares | 56.00M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 | 2020 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.161B | $867.9M | $1.031B |
| YoY Change | 33.81% | 103.11% | 221.35% |
| Cash & Equivalents | $1.003B | $685.2M | $827.1M |
| Short-Term Investments | $158.6M | $139.1M | $143.7M |
| Other Short-Term Assets | $191.7M | $105.5M | $138.0M |
| YoY Change | 81.67% | 11.76% | -3.43% |
| Inventory | $432.5M | $340.0M | $331.7M |
| Prepaid Expenses | |||
| Receivables | $676.8M | $271.7M | $218.7M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $2.462B | $1.585B | $1.719B |
| YoY Change | 55.34% | 65.82% | 84.33% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $533.3M | $352.0M | $303.4M |
| YoY Change | 51.5% | 79.61% | 71.45% |
| Goodwill | $140.5M | ||
| YoY Change | 8.35% | ||
| Intangibles | $67.82M | ||
| YoY Change | -8.36% | ||
| Long-Term Investments | $449.7M | $294.8M | $147.4M |
| YoY Change | 52.53% | 183.73% | 14.18% |
| Other Assets | $54.79M | $33.80M | $5.353M |
| YoY Change | 62.09% | 299.81% | -45.95% |
| Total Long-Term Assets | $1.221B | $879.5M | $717.8M |
| YoY Change | 38.78% | 57.64% | 27.75% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.462B | $1.585B | $1.719B |
| Total Long-Term Assets | $1.221B | $879.5M | $717.8M |
| Total Assets | $3.683B | $2.465B | $2.437B |
| YoY Change | 49.43% | 62.8% | 63.06% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $241.6M | $122.1M | $162.1M |
| YoY Change | 97.9% | -12.25% | 3.12% |
| Accrued Expenses | $219.3M | $174.9M | $47.76M |
| YoY Change | 25.36% | 29.94% | 19.88% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $16.20M | $16.90M | |
| YoY Change | 8.0% | 7.64% | |
| Total Short-Term Liabilities | $568.7M | $397.7M | $436.1M |
| YoY Change | 43.01% | 2.06% | -0.14% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $675.7M | $644.3M | $599.5M |
| YoY Change | 4.87% | 22957.69% | |
| Other Long-Term Liabilities | $428.0M | $13.33M | $22.78M |
| YoY Change | 3111.86% | 21.47% | 94.17% |
| Total Long-Term Liabilities | $1.104B | $966.9M | $915.3M |
| YoY Change | 14.14% | 275.16% | 271.69% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $568.7M | $397.7M | $436.1M |
| Total Long-Term Liabilities | $1.104B | $966.9M | $915.3M |
| Total Liabilities | $1.672B | $1.365B | $1.351B |
| YoY Change | 22.55% | 110.79% | 97.87% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $511.0M | $478.0M | |
| YoY Change | 34.49% | 41.55% | |
| Common Stock | $5.000K | $5.000K | |
| YoY Change | 0.0% | 0.0% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $2.011B | $1.100B | $1.086B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $3.683B | $2.465B | $2.437B |
| YoY Change | 49.43% | 62.8% | 63.06% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 | 2020 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $33.12M | $30.08M | $17.70M |
| YoY Change | 10.13% | -28.81% | -66.48% |
| Depreciation, Depletion And Amortization | $11.66M | $6.887M | $8.400M |
| YoY Change | 69.3% | 37.63% | 21.74% |
| Cash From Operating Activities | -$163.0M | $24.08M | $27.30M |
| YoY Change | -776.78% | -77.65% | -67.15% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$43.21M | $24.55M | -$36.20M |
| YoY Change | -276.04% | -9.27% | 10.03% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $28.08M | -$571.0K | -$201.1M |
| YoY Change | -5016.99% | 1486.11% | 226.46% |
| Cash From Investing Activities | -$15.13M | -$153.6M | -$237.3M |
| YoY Change | -90.15% | 670.84% | 151.11% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 652.3M | -$2.062M | 3.200M |
| YoY Change | -31736.03% | -162.2% | -168.09% |
| NET CHANGE | |||
| Cash From Operating Activities | -163.0M | $24.08M | 27.30M |
| Cash From Investing Activities | -15.13M | -$153.6M | -237.3M |
| Cash From Financing Activities | 652.3M | -$2.062M | 3.200M |
| Net Change In Cash | 474.2M | -$131.6M | -206.8M |
| YoY Change | -460.45% | -244.36% | 1184.47% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$163.0M | $24.08M | $27.30M |
| Capital Expenditures | -$43.21M | $24.55M | -$36.20M |
| Free Cash Flow | -$119.8M | -$462.0K | $63.50M |
| YoY Change | 25826.19% | -100.57% | -45.26% |
Facts In Submission
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