2022 Q2 Form 10-Q Financial Statement
#000106299322012173 Filed on May 12, 2022
Income Statement
| Concept | 2022 Q2 | 2021 Q2 |
|---|---|---|
| Revenue | $240.2M | $207.6M |
| YoY Change | 15.67% | 12.6% |
| Cost Of Revenue | $211.7M | $177.7M |
| YoY Change | 19.16% | 10.28% |
| Gross Profit | $28.43M | $30.00M |
| YoY Change | -5.23% | 28.98% |
| Gross Profit Margin | 11.84% | 14.45% |
| Selling, General & Admin | $21.75M | $20.90M |
| YoY Change | 4.08% | -4.48% |
| % of Gross Profit | 76.51% | 69.67% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $9.413M | $8.043M |
| YoY Change | 17.03% | 5.07% |
| % of Gross Profit | 33.11% | 26.81% |
| Operating Expenses | $24.39M | $24.70M |
| YoY Change | -1.25% | 12.89% |
| Operating Profit | $4.040M | $5.300M |
| YoY Change | -23.77% | 1054.68% |
| Interest Expense | -$2.058M | $1.660M |
| YoY Change | -223.98% | -77.61% |
| % of Operating Profit | -50.94% | 31.32% |
| Other Income/Expense, Net | $1.615M | |
| YoY Change | ||
| Pretax Income | $1.099M | $2.810M |
| YoY Change | -60.89% | -140.41% |
| Income Tax | $445.0K | $1.100M |
| % Of Pretax Income | 40.49% | 39.15% |
| Net Earnings | $4.220M | $1.672M |
| YoY Change | 152.39% | 66.04% |
| Net Earnings / Revenue | 1.76% | 0.81% |
| Basic Earnings Per Share | $0.04 | $0.00 |
| Diluted Earnings Per Share | $39.29K | $0.00 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 107.6M shares | 96.12M shares |
| Diluted Shares Outstanding | 108.4K shares | 96.12M shares |
Balance Sheet
| Concept | 2022 Q2 | 2021 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $495.0K | $800.0K |
| YoY Change | -38.13% | -50.0% |
| Cash & Equivalents | $495.0K | $754.0K |
| Short-Term Investments | ||
| Other Short-Term Assets | $16.04M | $18.40M |
| YoY Change | -12.83% | -34.52% |
| Inventory | $218.0M | $165.3M |
| Prepaid Expenses | ||
| Receivables | $98.22M | $88.20M |
| Other Receivables | $8.130M | $7.100M |
| Total Short-Term Assets | $340.9M | $279.9M |
| YoY Change | 21.78% | -41.41% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $289.1M | $221.2M |
| YoY Change | 30.68% | -12.5% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $6.057M | $7.500M |
| YoY Change | -19.24% | 29.31% |
| Total Long-Term Assets | $445.0M | $363.7M |
| YoY Change | 22.34% | -15.75% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $340.9M | $279.9M |
| Total Long-Term Assets | $445.0M | $363.7M |
| Total Assets | $785.8M | $643.6M |
| YoY Change | 22.1% | -29.23% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $135.5M | $107.3M |
| YoY Change | 26.3% | -19.2% |
| Accrued Expenses | $10.10M | $12.50M |
| YoY Change | -19.17% | -21.88% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $17.86M | $7.462M |
| YoY Change | 139.4% | 126.12% |
| Total Short-Term Liabilities | $163.5M | $129.7M |
| YoY Change | 26.05% | -63.99% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $231.8M | $130.1M |
| YoY Change | 78.24% | -45.99% |
| Other Long-Term Liabilities | $41.22M | $22.50M |
| YoY Change | 83.2% | -53.99% |
| Total Long-Term Liabilities | $273.0M | $130.1M |
| YoY Change | 109.93% | -55.11% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $163.5M | $129.7M |
| Total Long-Term Liabilities | $273.0M | $130.1M |
| Total Liabilities | $447.3M | $310.4M |
| YoY Change | 44.1% | -53.39% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$148.0M | |
| YoY Change | ||
| Common Stock | $33.34M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $338.5M | $333.2M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $785.8M | $643.6M |
| YoY Change | 22.09% | -29.23% |
Cashflow Statement
| Concept | 2022 Q2 | 2021 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $4.220M | $1.672M |
| YoY Change | 152.39% | 66.04% |
| Depreciation, Depletion And Amortization | $9.413M | $8.043M |
| YoY Change | 17.03% | 5.07% |
| Cash From Operating Activities | $15.54M | -$7.015M |
| YoY Change | -321.57% | -363.23% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$25.72M | $9.297M |
| YoY Change | -376.67% | 45.95% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $1.204M | -$12.03M |
| YoY Change | -110.01% | 29241.46% |
| Cash From Investing Activities | -$24.52M | -$21.33M |
| YoY Change | 14.96% | 236.97% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | $609.0K | $3.420M |
| YoY Change | -82.19% | |
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | $2.395M | $4.085M |
| YoY Change | -41.37% | 449.06% |
| Cash From Financing Activities | 9.243M | $28.85M |
| YoY Change | -67.96% | 1006.44% |
| NET CHANGE | ||
| Cash From Operating Activities | 15.54M | -$7.015M |
| Cash From Investing Activities | -24.52M | -$21.33M |
| Cash From Financing Activities | 9.243M | $28.85M |
| Net Change In Cash | 268.0K | $503.0K |
| YoY Change | -46.72% | -147.59% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $15.54M | -$7.015M |
| Capital Expenditures | -$25.72M | $9.297M |
| Free Cash Flow | $41.27M | -$16.31M |
| YoY Change | -352.97% | 340.27% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q2 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
00-0000000 | |
| CY2022Q2 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2022Q2 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
| CY2022Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
107592925 | shares |
| CY2022Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
3566000 | USD |
| CY2021Q2 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
262000 | USD |
| CY2021Q2 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
87213000 | USD |
| CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
1672000 | USD |
| CY2022Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
51231000 | USD |
| CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
11100000 | USD |
| CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P3Y | |
| CY2022Q2 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-287000 | USD |
| CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
| CY2022Q2 | stkl |
Transaction Costs Incurred But Not Yet Paid
TransactionCostsIncurredButNotYetPaid
|
6324000 | USD |
| CY2021Q2 | stkl |
Transaction Costs Incurred But Not Yet Paid
TransactionCostsIncurredButNotYetPaid
|
13380000 | USD |
| CY2022Q2 | stkl |
Dividends Preferred Stock Cash Accrued And Unpaid
DividendsPreferredStockCashAccruedAndUnpaid
|
0 | USD |
| CY2021Q2 | stkl |
Dividends Preferred Stock Cash Accrued And Unpaid
DividendsPreferredStockCashAccruedAndUnpaid
|
1769000 | USD |
| CY2022Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
3600000 | USD |
| CY2022Q2 | us-gaap |
Revenues
Revenues
|
240173000 | USD |
| CY2021Q2 | us-gaap |
Revenues
Revenues
|
207640000 | USD |
| CY2022Q2 | us-gaap |
Assets
Assets
|
785815000 | USD |
| CY2022Q1 | us-gaap |
Assets
Assets
|
755119000 | USD |
