2021 Q4 Form 10-K Financial Statement

#000182247922000014 Filed on March 01, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $241.2M $931.5M $216.8M
YoY Change 11.28% 13.85% 12.04%
Cost Of Revenue $107.3M $412.8M $96.30M
YoY Change 11.42% 10.2% 0.0%
Gross Profit $134.0M $518.7M $120.6M
YoY Change 11.07% 16.93% 24.07%
Gross Profit Margin 55.52% 55.68% 55.63%
Selling, General & Admin $51.83M $198.2M $53.20M
YoY Change -2.58% 11.0% 43.4%
% of Gross Profit 38.69% 38.2% 44.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.15M $64.20M $36.50M
YoY Change 4.51% 1.42% -0.27%
% of Gross Profit 28.48% 12.38% 30.27%
Operating Expenses $67.53M $261.9M $68.10M
YoY Change -0.84% 10.27% 31.72%
Operating Profit $66.43M $256.7M $52.50M
YoY Change 26.53% 24.62% 15.38%
Interest Expense -$15.54M -$74.19M -$48.30M
YoY Change -67.82% -65.53% 28.12%
% of Operating Profit -23.4% -28.9% -92.0%
Other Income/Expense, Net $7.854M $15.20M $5.100M
YoY Change 54.0% 61.49% 240.0%
Pretax Income $58.73M $175.7M -$35.10M
YoY Change -267.33% -552.18% 67.94%
Income Tax $22.74M $58.60M $8.300M
% Of Pretax Income 38.71% 33.35%
Net Earnings $36.00M $116.9M -$43.70M
YoY Change -182.37% -402.67% 56.63%
Net Earnings / Revenue 14.92% 12.55% -20.16%
Basic Earnings Per Share $0.41
Diluted Earnings Per Share $128.7K $0.41 -$368.8K
COMMON SHARES
Basic Shares Outstanding 282.9M shares 279.2M shares
Diluted Shares Outstanding 279.4M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $106.9M $106.9M $102.4M
YoY Change 4.41% 4.41%
Cash & Equivalents $106.9M $106.9M $102.4M
Short-Term Investments
Other Short-Term Assets $7.311M $53.85M $8.020M
YoY Change -8.84% -14.38%
Inventory $54.29M $54.29M $34.09M
Prepaid Expenses
Receivables $108.2M $123.7M $91.74M
Other Receivables $7.155M $7.155M $23.90M
Total Short-Term Assets $346.0M $346.0M $315.0M
YoY Change 9.82% 9.83%
LONG-TERM ASSETS
Property, Plant & Equipment $650.8M $690.7M $609.8M
YoY Change 6.72% 5.33%
Goodwill $1.120B $1.116B
YoY Change 0.39% 7.73%
Intangibles $598.8M $643.4M
YoY Change -6.92%
Long-Term Investments $9.405M $9.405M $13.46M
YoY Change -30.11% -30.33%
Other Assets $12.87M $32.39M $9.304M
YoY Change 38.28% 82.98%
Total Long-Term Assets $2.444B $2.444B $2.446B
YoY Change -0.11% -0.11%
TOTAL ASSETS
Total Short-Term Assets $346.0M $346.0M $315.0M
Total Long-Term Assets $2.444B $2.444B $2.446B
Total Assets $2.790B $2.790B $2.761B
YoY Change 1.02% 1.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.87M $72.87M $52.40M
YoY Change 39.06% 39.06%
Accrued Expenses $61.86M $64.82M $60.52M
YoY Change 2.22% -2.09%
Deferred Revenue $8.700M $6.100M
YoY Change 42.62%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.160M $1.160M $0.00
YoY Change -3.33%
Total Short-Term Liabilities $161.2M $161.2M $140.6M
YoY Change 14.63% 14.62%
LONG-TERM LIABILITIES
Long-Term Debt $1.744B $1.784B $1.825B
YoY Change -4.45% -4.05%
Other Long-Term Liabilities $16.27M $123.3M $17.51M
YoY Change -7.04% -27.83%
Total Long-Term Liabilities $1.760B $1.908B $1.842B
YoY Change -4.48% -6.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $161.2M $161.2M $140.6M
Total Long-Term Liabilities $1.760B $1.908B $1.842B
Total Liabilities $2.203B $2.203B $2.307B
YoY Change -4.48% -4.57%
SHAREHOLDERS EQUITY
Retained Earnings -$472.2M -$589.1M
YoY Change -19.84%
Common Stock $2.860M $2.860M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $33.55M $34.00M
YoY Change -1.34%
Treasury Stock Shares 3.052M shares 3.052M shares
Shareholders Equity $586.1M $586.1M $452.3M
YoY Change
Total Liabilities & Shareholders Equity $2.790B $2.790B $2.761B
YoY Change 1.02% 1.02%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $36.00M $116.9M -$43.70M
YoY Change -182.37% -402.67% 56.63%
Depreciation, Depletion And Amortization $38.15M $64.20M $36.50M
YoY Change 4.51% 1.42% -0.27%
Cash From Operating Activities $66.35M $281.5M $21.90M
YoY Change 202.97% 133.48% 119.0%
INVESTING ACTIVITIES
Capital Expenditures -$41.26M $102.2M -$19.90M
YoY Change 107.36% 90.93% -3.86%
Acquisitions $13.53M
YoY Change
Other Investing Activities -$31.00M $701.0K $1.100M
YoY Change -2918.09%
Cash From Investing Activities -$72.26M -$159.8M -$18.80M
YoY Change 284.38% 0.72% -9.18%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $100.0M
YoY Change -91.51%
Cash From Financing Activities -1.782M -$117.3M -10.60M
YoY Change -83.19% -259.72% -38.37%
NET CHANGE
Cash From Operating Activities 66.35M $281.5M 21.90M
Cash From Investing Activities -72.26M -$159.8M -18.80M
Cash From Financing Activities -1.782M -$117.3M -10.60M
Net Change In Cash -7.694M $4.470M -7.500M
YoY Change 2.59% -88.66% -73.12%
FREE CASH FLOW
Cash From Operating Activities $66.35M $281.5M $21.90M
Capital Expenditures -$41.26M $102.2M -$19.90M
Free Cash Flow $107.6M $179.4M $41.80M
YoY Change 157.45% 167.42% 36.16%

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27402000 USD
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CY2021 us-gaap Use Of Estimates
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Use of Estimates – In preparing our consolidated financial statements in conformity with GAAP, we make estimates and assumptions that affect the amounts reported and the accompanying notes. We regularly evaluate the estimates and assumptions used and revise them as new information becomes available. Actual results may vary from those estimates.
CY2020Q4 us-gaap Contract With Customer Liability Current
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CY2021Q4 us-gaap Capitalized Computer Software Gross
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2800000 USD
CY2021Q4 us-gaap Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount
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0.50
CY2020Q4 us-gaap Inventory Raw Materials And Supplies
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CY2021Q4 us-gaap Inventory Work In Process
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3919000 USD
CY2020Q4 us-gaap Common Stock Shares Outstanding
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3000 shares
CY2021Q4 us-gaap Contract With Customer Asset Net Current
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15600000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
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12700000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020Q4 us-gaap Inventory Work In Process
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CY2021Q4 us-gaap Inventory Finished Goods
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CY2021 us-gaap Business Acquisitions Pro Forma Revenue
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CY2020 us-gaap Business Acquisitions Pro Forma Revenue
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CY2020 us-gaap Business Acquisitions Pro Forma Net Income Loss
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CY2021Q4 us-gaap Inventory Raw Materials And Supplies
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41514000 USD
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0 USD
CY2020Q4 us-gaap Inventory Finished Goods
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CY2020Q4 us-gaap Inventory Gross
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CY2021Q4 us-gaap Inventory Adjustments
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124000 USD
CY2020Q4 us-gaap Inventory Adjustments
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123000 USD
CY2021Q4 us-gaap Inventory Net
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CY2020Q4 us-gaap Inventory Net
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CY2021Q4 shc Prepaid Maintenance Contracts Current
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279000 USD
CY2021Q4 us-gaap Prepaid Taxes
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24937000 USD
CY2020Q4 us-gaap Prepaid Taxes
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22883000 USD
CY2021Q4 us-gaap Prepaid Insurance
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CY2020Q4 us-gaap Prepaid Insurance
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CY2021Q4 us-gaap Prepaid Rent
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920000 USD
CY2020Q4 us-gaap Prepaid Rent
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1170000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
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15565000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
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12670000 USD
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3144000 USD
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2751000 USD
CY2021Q4 us-gaap Deposits Assets Current
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623000 USD
CY2020Q4 us-gaap Deposits Assets Current
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673000 USD
CY2020Q4 shc Prepaid Maintenance Contracts Current
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404000 USD
CY2021Q4 us-gaap Value Added Tax Receivable Current
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2512000 USD
CY2020Q4 us-gaap Value Added Tax Receivable Current
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2094000 USD
CY2021Q4 shc Prepaid Software Licensing Current
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2055000 USD
CY2020Q4 shc Prepaid Software Licensing Current
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1181000 USD
CY2021Q4 us-gaap Supplies
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CY2020Q4 us-gaap Supplies
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2715000 USD
CY2021Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Asset
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496000 USD
CY2020Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Asset
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0 USD
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7311000 USD
CY2020Q4 us-gaap Other Assets Current
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8020000 USD
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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CY2020 shc Depreciation Expense Asset Retirement Obligation
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CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
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390394000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
341550000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
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650797000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
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609814000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
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CY2020 us-gaap Depreciation Depletion And Amortization
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63300000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
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CY2021 us-gaap Interest Costs Capitalized
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CY2019 us-gaap Interest Costs Capitalized
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CY2019Q4 us-gaap Goodwill
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11025000 USD
CY2020Q4 us-gaap Goodwill
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CY2021Q4 us-gaap Goodwill
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CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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524507000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
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977791000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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442391000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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107966000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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442391000 USD
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CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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P9Y6M
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CY2020Q4 us-gaap Employee Related Liabilities Current
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2751000 USD
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186000 USD
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CY2020Q4 us-gaap Derivative Liabilities Current
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670000 USD
CY2021Q4 us-gaap Accrued Professional Fees Current
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CY2020Q4 us-gaap Accrued Insurance Current
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1255000 USD
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2599000 USD
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CY2020Q4 us-gaap Other Accrued Liabilities Current
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3747000 USD
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CY2020Q4 us-gaap Accrued Liabilities Current
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CY2020Q4 us-gaap Debt Instrument Carrying Amount
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CY2020Q4 us-gaap Long Term Debt Current
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CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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38761000 USD
CY2021Q4 us-gaap Long Term Debt
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13500000 USD
CY2019Q4 shc Recognition Of Debt Premium
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14600000 USD
CY2019Q4 us-gaap Dividends
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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450000 USD
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0 USD
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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175716000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2019 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
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CY2020 us-gaap Current Foreign Tax Expense Benefit
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CY2019 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2020 us-gaap Current Income Tax Expense Benefit
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21991000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
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38502000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
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5142000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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19170000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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5147000 USD
CY2021 shc Effective Income Rate Reconciliation Global Intangible Lowed Taxed Income
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2103000 USD
CY2020 shc Effective Income Rate Reconciliation Global Intangible Lowed Taxed Income
EffectiveIncomeRateReconciliationGlobalIntangibleLowedTaxedIncome
2577000 USD
CY2019 shc Effective Income Rate Reconciliation Global Intangible Lowed Taxed Income
EffectiveIncomeRateReconciliationGlobalIntangibleLowedTaxedIncome
10349000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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1512000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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2046000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
3545000 USD
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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5550000 USD
CY2021 shc Effective Income Tax Rate Reconciliation Impact Of Rate Changes On Deferred Tax Balances
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2612000 USD
CY2020 shc Effective Income Tax Rate Reconciliation Impact Of Rate Changes On Deferred Tax Balances
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CY2019 shc Effective Income Tax Rate Reconciliation Impact Of Rate Changes On Deferred Tax Balances
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CY2021 us-gaap Income Tax Reconciliation Tax Holidays
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CY2020 us-gaap Income Tax Reconciliation Tax Holidays
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616000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
571000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Settlements
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276000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Settlements
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CY2019 us-gaap Income Tax Reconciliation Tax Settlements
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879000 USD
CY2021 shc Effective Income Tax Rate Reconciliation Impact Of Cares Act And Final951 A Regulations
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0 USD
CY2020 shc Effective Income Tax Rate Reconciliation Impact Of Cares Act And Final951 A Regulations
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CY2019 shc Effective Income Tax Rate Reconciliation Impact Of Cares Act And Final951 A Regulations
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0 USD
CY2021 us-gaap Income Tax Reconciliation Tax Credits
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CY2020 us-gaap Income Tax Reconciliation Tax Credits
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1965000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits
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CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
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3650000 USD
CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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15076000 USD
CY2021Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
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CY2020Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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13094000 USD
CY2021Q4 us-gaap Deferred Tax Assets Unrealized Currency Losses
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2320000 USD
CY2020Q4 us-gaap Deferred Tax Assets Unrealized Currency Losses
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242000 USD
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9949000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
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10666000 USD
CY2021Q4 shc Deferred Tax Assets Lease Liabilities
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49500000 USD
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10000000 USD
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20000000 USD
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10000000 USD
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10000000 USD
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404000 USD
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179000 USD
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0 USD
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5055000 USD
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0 USD
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0 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
700000 USD
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
102162000 USD
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
53507000 USD
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
57257000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
931478000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
818158000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
778327000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
650797000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
609814000 USD

Files In Submission

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