2023 Q3 Form 10-Q Financial Statement

#000154934623000033 Filed on August 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $233.2M $208.8M
YoY Change 14.28% 0.95%
Cost Of Revenue $94.22M $84.42M
YoY Change 17.9% 9.6%
Gross Profit $139.0M $124.4M
YoY Change 11.95% -4.18%
Gross Profit Margin 59.61% 59.58%
Selling, General & Admin $93.74M $85.39M
YoY Change 20.23% -2.21%
% of Gross Profit 67.42% 68.63%
Research & Development $28.10M $29.22M
YoY Change 60.25% 70.25%
% of Gross Profit 20.21% 23.48%
Depreciation & Amortization $21.30M $19.21M
YoY Change 16.65% 16.33%
% of Gross Profit 15.32% 15.44%
Operating Expenses $121.8M $115.7M
YoY Change 27.58% 10.75%
Operating Profit $17.19M $8.715M
YoY Change -40.07% -65.65%
Interest Expense $600.0K $726.0K
YoY Change -138.81% -127.28%
% of Operating Profit 3.49% 8.33%
Other Income/Expense, Net $557.0K $41.94M
YoY Change -136.03% -1676.1%
Pretax Income $27.61M $51.38M
YoY Change 1.75% 126.22%
Income Tax -$806.0K $1.368M
% Of Pretax Income -2.92% 2.66%
Net Earnings $28.42M $50.01M
YoY Change 23.35% 157.2%
Net Earnings / Revenue 12.18% 23.95%
Basic Earnings Per Share $0.79 $1.39
Diluted Earnings Per Share $0.79 $1.39
COMMON SHARES
Basic Shares Outstanding 36.08M shares 36.05M shares
Diluted Shares Outstanding 36.08M shares 36.41M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $75.20M $87.15M
YoY Change -1.37% 3.69%
Cash & Equivalents $75.23M $87.15M
Short-Term Investments
Other Short-Term Assets $108.8M $124.6M
YoY Change 238.99% 309.8%
Inventory
Prepaid Expenses
Receivables $85.41M $61.72M
Other Receivables $0.00 $0.00
Total Short-Term Assets $269.5M $273.4M
YoY Change 67.32% 67.48%
LONG-TERM ASSETS
Property, Plant & Equipment $61.93M $76.67M
YoY Change 12.31% 45.9%
Goodwill $382.2M $383.0M
YoY Change 0.7% 1.43%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $72.80M $69.04M
YoY Change 177.56% 163.05%
Total Long-Term Assets $746.5M $730.8M
YoY Change 9.91% 6.64%
TOTAL ASSETS
Total Short-Term Assets $269.5M $273.4M
Total Long-Term Assets $746.5M $730.8M
Total Assets $1.016B $1.004B
YoY Change 20.92% 18.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.147M $6.095M
YoY Change 10.51% 3.5%
Accrued Expenses $123.8M $89.82M
YoY Change 53.45% 6.24%
Deferred Revenue $203.1M $207.5M
YoY Change 16.47% 16.33%
Short-Term Debt $30.00M $30.00M
YoY Change -40.0% -40.0%
Long-Term Debt Due $30.00M $30.00M
YoY Change -40.0% -40.0%
Total Short-Term Liabilities $424.3M $407.6M
YoY Change 17.83% 10.77%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $23.87M $59.93M
YoY Change 134.99% 528.57%
Total Long-Term Liabilities $23.87M $59.93M
YoY Change 134.99% 528.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $424.3M $407.6M
Total Long-Term Liabilities $23.87M $59.93M
Total Liabilities $484.0M $484.8M
YoY Change 18.15% 15.56%
SHAREHOLDERS EQUITY
Retained Earnings $353.3M $334.5M
YoY Change 29.61% 29.57%
Common Stock $413.3M $403.1M
YoY Change 8.55% 8.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $532.0M $519.5M
YoY Change
Total Liabilities & Shareholders Equity $1.016B $1.004B
YoY Change 20.92% 18.35%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $28.42M $50.01M
YoY Change 23.35% 157.2%
Depreciation, Depletion And Amortization $21.30M $19.21M
YoY Change 16.65% 16.33%
Cash From Operating Activities $10.00M $29.81M
YoY Change -73.49% -19.1%
INVESTING ACTIVITIES
Capital Expenditures $11.80M $10.49M
YoY Change -186.5% -214.37%
Acquisitions
YoY Change
Other Investing Activities $16.10M -$39.70M
YoY Change -508.63% -81.84%
Cash From Investing Activities $4.200M -$50.19M
YoY Change -123.89% -77.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.30M 12.74M
YoY Change 1.69% -36.87%
NET CHANGE
Cash From Operating Activities 10.00M 29.81M
Cash From Investing Activities 4.200M -50.19M
Cash From Financing Activities -25.30M 12.74M
Net Change In Cash -11.10M -7.639M
YoY Change 133.83% -95.53%
FREE CASH FLOW
Cash From Operating Activities $10.00M $29.81M
Capital Expenditures $11.80M $10.49M
Free Cash Flow -$1.800M $19.32M
YoY Change -103.5% -58.01%

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CY2023Q2 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
400000 usd
CY2023Q2 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
200000 usd
CY2023Q2 sstk Maximum Indemnification Liability For Customer
MaximumIndemnificationLiabilityForCustomer
250000 usd
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0001549346-23-000033-index-headers.html Edgar Link pending
0001549346-23-000033-index.html Edgar Link pending
0001549346-23-000033.txt Edgar Link pending
0001549346-23-000033-xbrl.zip Edgar Link pending
a10-q_2023xq2exhibit311.htm Edgar Link pending
a10-q_2023xq2exhibit312.htm Edgar Link pending
a10-q_2023xq2exhibit32.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
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report.css Edgar Link pending
Show.js Edgar Link pending
sstk-20230630.htm Edgar Link pending
sstk-20230630.xsd Edgar Link pending
sstk-20230630_lab.xml Edgar Link unprocessable
sstk-20230630_pre.xml Edgar Link unprocessable
sstk-20230630_htm.xml Edgar Link completed
sstk-20230630_cal.xml Edgar Link unprocessable
sstk-20230630_def.xml Edgar Link unprocessable