2022 Q3 Form 10-Q Financial Statement

#000117891322002939 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $836.7M $727.8M $655.1M
YoY Change 58.95% 51.6% 61.55%
Cost Of Revenue $614.7M $545.1M $476.1M
YoY Change 73.73% 68.32% 79.4%
Gross Profit $222.0M $182.6M $179.0M
YoY Change 28.65% 16.93% 27.76%
Gross Profit Margin 26.53% 25.1% 27.32%
Selling, General & Admin $70.66M $67.10M $61.75M
YoY Change 39.97% 37.41% 32.05%
% of Gross Profit 31.83% 36.74% 34.5%
Research & Development $69.66M $74.85M $66.35M
YoY Change 25.14% 42.12% 41.24%
% of Gross Profit 31.38% 40.98% 37.08%
Depreciation & Amortization $13.17M $12.48M $11.66M
YoY Change 30.44% 30.26% 69.3%
% of Gross Profit 5.93% 6.83% 6.52%
Operating Expenses $137.6M $146.6M $128.1M
YoY Change 29.63% 45.71% 33.51%
Operating Profit $84.41M $36.01M $50.86M
YoY Change 27.09% -35.18% 15.26%
Interest Expense -$33.03M -$14.31M -$5.449M
YoY Change 474.25% 82.54% -10.67%
% of Operating Profit -39.13% -39.74% -10.71%
Other Income/Expense, Net $7.533M -$14.31M
YoY Change 721.06%
Pretax Income $58.92M $21.70M $45.42M
YoY Change -2.88% -59.68% 19.42%
Income Tax $34.17M $6.617M $12.29M
% Of Pretax Income 58.0% 30.49% 27.07%
Net Earnings $24.74M $15.08M $33.12M
YoY Change -53.36% -66.55% 10.13%
Net Earnings / Revenue 2.96% 2.07% 5.06%
Basic Earnings Per Share $0.44 $0.27 $0.62
Diluted Earnings Per Share $0.43 $0.26 $588.2K
COMMON SHARES
Basic Shares Outstanding 55.64M shares 55.47M shares 52.82M shares
Diluted Shares Outstanding 58.75M shares 58.56M shares 56.32M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $880.9M $895.8M $1.161B
YoY Change 29.14% 31.09% 33.81%
Cash & Equivalents $678.3M $745.5M $1.003B
Short-Term Investments $202.6M $150.3M $158.6M
Other Short-Term Assets $224.2M $248.6M $191.7M
YoY Change 50.02% 77.62% 81.67%
Inventory $561.4M $470.3M $432.5M
Prepaid Expenses
Receivables $785.3M $669.1M $676.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.452B $2.284B $2.462B
YoY Change 57.92% 53.39% 55.34%
LONG-TERM ASSETS
Property, Plant & Equipment $491.4M $489.1M $533.3M
YoY Change 25.16% 29.18% 51.5%
Goodwill $108.9M $116.2M
YoY Change
Intangibles $46.29M $50.37M
YoY Change
Long-Term Investments $688.8M $709.6M $449.7M
YoY Change 45.52% 55.14% 52.53%
Other Assets $15.64M $31.97M $54.79M
YoY Change -65.18% -23.14% 62.09%
Total Long-Term Assets $1.452B $1.489B $1.221B
YoY Change 31.47% 38.46% 38.78%
TOTAL ASSETS
Total Short-Term Assets $2.452B $2.284B $2.462B
Total Long-Term Assets $1.452B $1.489B $1.221B
Total Assets $3.904B $3.773B $3.683B
YoY Change 46.92% 47.13% 49.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $311.6M $253.4M $241.6M
YoY Change 126.39% 79.49% 97.9%
Accrued Expenses $112.4M $100.4M $219.3M
YoY Change -38.82% -43.35% 25.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $694.5M $612.2M $568.7M
YoY Change 71.26% 53.2% 43.01%
LONG-TERM LIABILITIES
Long-Term Debt $669.2M $669.7M $675.7M
YoY Change 3.57% 3.73% 4.87%
Other Long-Term Liabilities $15.57M $17.90M $428.0M
YoY Change -95.71% -94.76% 3111.86%
Total Long-Term Liabilities $1.157B $1.133B $1.104B
YoY Change 14.68% 14.81% 14.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $694.5M $612.2M $568.7M
Total Long-Term Liabilities $1.157B $1.133B $1.104B
Total Liabilities $1.851B $1.745B $1.672B
YoY Change 30.87% 25.87% 22.55%
SHAREHOLDERS EQUITY
Retained Earnings $723.0M $698.3M
YoY Change
Common Stock $6.000K $6.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.052B $2.028B $2.011B
YoY Change
Total Liabilities & Shareholders Equity $3.904B $3.773B $3.683B
YoY Change 46.92% 47.13% 49.43%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $24.74M $15.08M $33.12M
YoY Change -53.36% -66.55% 10.13%
Depreciation, Depletion And Amortization $13.17M $12.48M $11.66M
YoY Change 30.44% 30.26% 69.3%
Cash From Operating Activities $5.558M $77.42M -$163.0M
YoY Change -91.0% 100.2% -776.78%
INVESTING ACTIVITIES
Capital Expenditures -$33.20M -$48.67M -$43.21M
YoY Change 4.2% 19.4% -276.04%
Acquisitions
YoY Change
Other Investing Activities -$21.38M -$262.1M $28.08M
YoY Change -28.96% 84.95% -5016.99%
Cash From Investing Activities -$54.58M -$310.8M -$15.13M
YoY Change -11.91% 70.4% -90.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.271M -3.929M 652.3M
YoY Change -171.65% -79.44% -31736.03%
NET CHANGE
Cash From Operating Activities 5.558M 77.42M -163.0M
Cash From Investing Activities -54.58M -310.8M -15.13M
Cash From Financing Activities -1.271M -3.929M 652.3M
Net Change In Cash -50.29M -237.3M 474.2M
YoY Change -3249.28% 45.74% -460.45%
FREE CASH FLOW
Cash From Operating Activities $5.558M $77.42M -$163.0M
Capital Expenditures -$33.20M -$48.67M -$43.21M
Free Cash Flow $38.76M $126.1M -$119.8M
YoY Change -58.61% 58.73% 25826.19%

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