2022 Q1 Form 10-K Financial Statement
#000106299322006314 Filed on March 02, 2022
Income Statement
| Concept | 2022 Q1 | 2022 | 2021 Q1 |
|---|---|---|---|
| Revenue | $204.2M | $812.6M | -$44.30M |
| YoY Change | -561.02% | 2.97% | -121.34% |
| Cost Of Revenue | $185.8M | $714.5M | -$44.60M |
| YoY Change | -516.65% | 5.06% | -124.72% |
| Gross Profit | $18.40M | $98.09M | $300.0K |
| YoY Change | 6034.67% | -10.08% | -98.9% |
| Gross Profit Margin | 9.01% | 12.07% | |
| Selling, General & Admin | $13.52M | $76.87M | $11.70M |
| YoY Change | 15.56% | -14.07% | -41.21% |
| % of Gross Profit | 73.47% | 78.37% | 3900.0% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $8.851M | $34.64M | $3.970M |
| YoY Change | 122.95% | 14.3% | -48.61% |
| % of Gross Profit | 48.09% | 35.32% | 1323.33% |
| Operating Expenses | $14.31M | $76.87M | $12.90M |
| YoY Change | 10.92% | -14.07% | -41.89% |
| Operating Profit | $4.095M | $1.259M | -$12.60M |
| YoY Change | -132.5% | -111.36% | -353.37% |
| Interest Expense | -$3.203M | $8.769M | -$14.60M |
| YoY Change | -78.06% | -70.81% | -290.48% |
| % of Operating Profit | -78.22% | 696.51% | |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | -$5.646M | -$7.510M | -$46.10M |
| YoY Change | -87.75% | -84.99% | 744.17% |
| Income Tax | -$3.782M | -$3.366M | -$4.200M |
| % Of Pretax Income | |||
| Net Earnings | -$1.864M | -$4.144M | $73.10M |
| YoY Change | -102.55% | -105.35% | 2074.95% |
| Net Earnings / Revenue | -0.91% | -0.51% | |
| Basic Earnings Per Share | -$0.06 | -$0.08 | |
| Diluted Earnings Per Share | -$17.37K | -$0.08 | $812.2K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 107.4M shares | 104.1M shares | 103.3M shares |
| Diluted Shares Outstanding | 104.1M shares |
Balance Sheet
| Concept | 2022 Q1 | 2022 | 2021 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $227.0K | $227.0K | $300.0K |
| YoY Change | -24.33% | -24.33% | -89.29% |
| Cash & Equivalents | $227.0K | $227.0K | $251.0K |
| Short-Term Investments | |||
| Other Short-Term Assets | $16.64M | $16.64M | $21.70M |
| YoY Change | -23.33% | -23.33% | -38.7% |
| Inventory | $220.1M | $220.1M | $147.7M |
| Prepaid Expenses | |||
| Receivables | $84.70M | $84.70M | $72.72M |
| Other Receivables | $8.259M | $8.259M | $7.000M |
| Total Short-Term Assets | $330.0M | $330.0M | $249.3M |
| YoY Change | 32.36% | 32.36% | -46.05% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $219.5M | $266.8M | $158.0M |
| YoY Change | 38.91% | 38.09% | -37.31% |
| Goodwill | $3.998M | $3.998M | |
| YoY Change | 0.0% | ||
| Intangibles | $148.4M | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $5.930M | $5.930M | $5.800M |
| YoY Change | 2.24% | 2.24% | 26.09% |
| Total Long-Term Assets | $425.2M | $425.2M | $336.3M |
| YoY Change | 26.41% | 26.42% | -22.2% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $330.0M | $330.0M | $249.3M |
| Total Long-Term Assets | $425.2M | $425.2M | $336.3M |
| Total Assets | $755.1M | $755.1M | $585.6M |
| YoY Change | 28.94% | 28.95% | -34.52% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $121.4M | $105.4M | $118.6M |
| YoY Change | 2.39% | 43.97% | -3.42% |
| Accrued Expenses | $12.20M | $27.64M | $12.80M |
| YoY Change | -4.66% | -48.91% | -22.89% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Long-Term Debt Due | $9.760M | $9.760M | $3.478M |
| YoY Change | 180.62% | 178.86% | 5.39% |
| Total Short-Term Liabilities | $143.4M | $143.4M | $136.5M |
| YoY Change | 5.09% | 5.05% | -63.48% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $214.8M | $214.8M | $66.25M |
| YoY Change | 224.32% | 224.54% | -72.52% |
| Other Long-Term Liabilities | $2.241M | $41.27M | $0.00 |
| YoY Change | 67.76% | -100.0% | |
| Total Long-Term Liabilities | $217.1M | $256.1M | $66.25M |
| YoY Change | 227.7% | 182.06% | -77.34% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $143.4M | $143.4M | $136.5M |
| Total Long-Term Liabilities | $217.1M | $256.1M | $66.25M |
| Total Liabilities | $422.0M | $422.0M | $252.7M |
| YoY Change | 67.0% | 66.99% | -62.75% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$156.1M | -$147.7M | |
| YoY Change | 5.65% | ||
| Common Stock | $23.24M | $37.86M | |
| YoY Change | -38.62% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $333.1M | $333.1M | $218.0M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $755.1M | $755.1M | $585.6M |
| YoY Change | 28.94% | 28.95% | -34.52% |
Cashflow Statement
| Concept | 2022 Q1 | 2022 | 2021 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.864M | -$4.144M | $73.10M |
| YoY Change | -102.55% | -105.35% | 2074.95% |
| Depreciation, Depletion And Amortization | $8.851M | $34.64M | $3.970M |
| YoY Change | 122.95% | 14.3% | -48.61% |
| Cash From Operating Activities | $19.67M | -$21.43M | $34.12M |
| YoY Change | -42.37% | -123.37% | -1.81% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$23.31M | $58.30M | $3.150M |
| YoY Change | -839.94% | 135.51% | -65.09% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $0.00 | $349.2M |
| YoY Change | -100.0% | -100.0% | |
| Cash From Investing Activities | -$23.31M | -$94.45M | $352.3M |
| YoY Change | -106.62% | -129.1% | -3736.19% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | $13.67M | ||
| YoY Change | -94.09% | ||
| Cash From Financing Activities | 3.586M | $115.9M | -387.3M |
| YoY Change | -100.93% | -127.74% | 1522.53% |
| NET CHANGE | |||
| Cash From Operating Activities | 19.67M | -$21.43M | 34.12M |
| Cash From Investing Activities | -23.31M | -$94.45M | 352.3M |
| Cash From Financing Activities | 3.586M | $115.9M | -387.3M |
| Net Change In Cash | -57.00K | -$24.00K | -900.0K |
| YoY Change | -93.67% | -98.37% | -175.76% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $19.67M | -$21.43M | $34.12M |
| Capital Expenditures | -$23.31M | $58.30M | $3.150M |
| Free Cash Flow | $42.97M | -$79.73M | $30.97M |
| YoY Change | 38.76% | -219.1% | 20.38% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
00-0000000 | |
| CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-4144000 | USD |
| CY2022 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
-0.08 | |
| CY2022 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
0 | |
| CY2022 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.08 | |
| CY2021Q1 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
0 | |
| CY2019 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-13080000 | USD |
| CY2019 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
12476000 | USD |
| CY2021 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-47302000 | USD |
| CY2021 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
124519000 | USD |
| CY2021 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
2361000 | USD |
| CY2022 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-4144000 | USD |
| CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-4144000 | USD |
| CY2019 | us-gaap |
Profit Loss
ProfitLoss
|
-758000 | USD |
| CY2022 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | USD |
| CY2021 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | USD |
| CY2019 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
44027000 | USD |
| CY2021 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
0 | USD |
| CY2022 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-24000 | USD |
| CY2021 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1470000 | USD |
| CY2019 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1735000 | USD |
| CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Discontinued Operations
EffectOfExchangeRateOnCashDiscontinuedOperations
|
0 | USD |
| CY2021 | us-gaap |
Effect Of Exchange Rate On Cash Discontinued Operations
EffectOfExchangeRateOnCashDiscontinuedOperations
|
223000 | USD |
| CY2019 | us-gaap |
Effect Of Exchange Rate On Cash Discontinued Operations
EffectOfExchangeRateOnCashDiscontinuedOperations
|
-47000 | USD |
| CY2021 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-12700000 | USD |
| CY2019 | us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
63300000 | USD |
| CY2019 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
1123000 | USD |
| CY2022 | us-gaap |
Lessee Operating Lease Lease Not Yet Commenced Description
LesseeOperatingLeaseLeaseNotYetCommencedDescription
|
For the year ended January 1, 2022, net cash received for amounts included in financing cash flows from finance leases reflected cash advances of $13.6 million received by the Company under finance leases that have not commenced that relate to the construction of right-of-use assets controlled by the Company, partially offset by cash repayments of $8.8 million made by the Company related to finance leases that have commenced. | |
| CY2021Q1 | stkl |
Goodwill From Continuing Operations
GoodwillFromContinuingOperations
|
4000000.0 | USD |
| CY2022Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
164899000 | USD |
| CY2021Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
47277000 | USD |
| CY2022Q1 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
8666000 | USD |
| CY2021 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-8900000 | USD |
| CY2022 | us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
-163000 | USD |
| CY2021 | us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
-179000 | USD |
| CY2019 | us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
3065000 | USD |
| CY2019 | us-gaap |
Severance Costs1
SeveranceCosts1
|
8400000 | USD |
| CY2019 | us-gaap |
Stock Granted During Period Value Sharebased Compensation Forfeited
StockGrantedDuringPeriodValueSharebasedCompensationForfeited
|
4100000 | USD |
| CY2021 | stkl |
Loss On Settlement Of Customer Claim
LossOnSettlementOfCustomerClaim
|
2400000 | USD |
| CY2021 | us-gaap |
Proceeds From Legal Settlements
ProceedsFromLegalSettlements
|
2200000 | USD |
| CY2022 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | USD |
| CY2021 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | USD |
| CY2019 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
44027000 | USD |
| CY2022 | stkl |
Loss On Settlement Of Employment Related Legal Matter
LossOnSettlementOfEmploymentRelatedLegalMatter
|
500000 | USD |
| CY2021 | us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
4400000 | USD |
| CY2022Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
5300000 | USD |
| CY2021Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
4300000 | USD |
| CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
89234000 | shares |
| CY2022Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
7300000 | USD |
| CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
104098000 | shares |
| CY2019 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
87787000 | shares |
| CY2019 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
-731000 | USD |
| CY2022 | us-gaap |
Dividends Preferred Stock Paidinkind
DividendsPreferredStockPaidinkind
|
0 | USD |
| CY2019 | us-gaap |
Dividends Preferred Stock Paidinkind
DividendsPreferredStockPaidinkind
|
0 | USD |
| CY2019 | us-gaap |
Other Adjustments To Income Discontinued Operations
OtherAdjustmentsToIncomeDiscontinuedOperations
|
0 | USD |
| CY2019 | us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
0 | USD |
| CY2019 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
29700000 | USD |
| CY2022Q1 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
23000000 | USD |
