2022 Q1 Form 10-Q Financial Statement

#000151470522000007 Filed on May 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $439.8M $365.3M $359.9M
YoY Change 22.2% 17.8% -5.96%
Cost Of Revenue $338.0M $288.9M $274.0M
YoY Change 23.36% 18.89% -9.99%
Gross Profit $101.8M $76.40M $85.90M
YoY Change 18.51% 13.86% 9.71%
Gross Profit Margin 23.15% 20.91% 23.87%
Selling, General & Admin $18.00M $13.50M $15.30M
YoY Change 17.65% -53.45% -5.56%
% of Gross Profit 17.68% 17.67% 17.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.20M $34.90M $32.40M
YoY Change 8.64% 9.06% -4.99%
% of Gross Profit 34.58% 45.68% 37.72%
Operating Expenses $18.00M $48.40M $15.30M
YoY Change 17.65% -22.68% -5.56%
Operating Profit $48.60M $28.00M $38.20M
YoY Change 27.23% 522.22% 36.43%
Interest Expense $8.000M -$7.700M $12.70M
YoY Change -37.01% -41.22% -13.01%
% of Operating Profit 16.46% -27.5% 33.25%
Other Income/Expense, Net
YoY Change
Pretax Income $40.60M $20.30M $25.50M
YoY Change 59.22% -438.33% 56.44%
Income Tax $10.00M $6.300M $7.300M
% Of Pretax Income 24.63% 31.03% 28.63%
Net Earnings $29.50M $12.70M $16.50M
YoY Change 78.79% -354.0% 236.73%
Net Earnings / Revenue 6.71% 3.48% 4.58%
Basic Earnings Per Share $0.35 $0.20
Diluted Earnings Per Share $0.35 $151.2K $0.20
COMMON SHARES
Basic Shares Outstanding 83.20M shares 83.08M shares 82.80M shares
Diluted Shares Outstanding 84.20M shares 83.50M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $79.70M $63.80M $54.00M
YoY Change 47.59% 31.82% -77.1%
Cash & Equivalents $79.70M $63.80M $54.00M
Short-Term Investments
Other Short-Term Assets $10.00M $3.500M $6.700M
YoY Change 49.25% 20.69% -4.29%
Inventory $194.1M $127.0M $136.1M
Prepaid Expenses
Receivables $99.50M $77.60M $45.80M
Other Receivables $0.00 $0.00 $1.700M
Total Short-Term Assets $383.3M $271.9M $244.3M
YoY Change 56.9% 18.37% -45.96%
LONG-TERM ASSETS
Property, Plant & Equipment $1.266B $1.288B $1.305B
YoY Change -2.97% -3.02% -4.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $21.60M $20.40M $19.20M
YoY Change 12.5% 10.27% 17.07%
Total Long-Term Assets $1.322B $1.344B $1.361B
YoY Change -2.82% -2.91% -4.42%
TOTAL ASSETS
Total Short-Term Assets $383.3M $271.9M $244.3M
Total Long-Term Assets $1.322B $1.344B $1.361B
Total Assets $1.706B $1.615B $1.605B
YoY Change 6.27% 0.12% -14.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $168.1M $126.0M $106.2M
YoY Change 58.29% 21.04% -3.45%
Accrued Expenses $48.90M $52.40M $46.00M
YoY Change 6.3% 5.22% 9.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.200M $3.200M $3.000M
YoY Change 6.67% 6.67% 0.0%
Total Short-Term Liabilities $230.2M $182.2M $168.2M
YoY Change 36.86% 14.66% -0.47%
LONG-TERM LIABILITIES
Long-Term Debt $625.0M $610.4M $641.6M
YoY Change -2.59% -9.42% -30.62%
Other Long-Term Liabilities $22.40M $27.10M $23.00M
YoY Change -2.61% 11.52% 6.48%
Total Long-Term Liabilities $647.4M $637.5M $664.6M
YoY Change -2.59% -8.69% -29.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $230.2M $182.2M $168.2M
Total Long-Term Liabilities $647.4M $637.5M $664.6M
Total Liabilities $1.144B $1.080B $1.092B
YoY Change 4.74% -2.92% -19.94%
SHAREHOLDERS EQUITY
Retained Earnings $1.000M -$23.40M -$35.10M
YoY Change -102.85% -49.79% 16.23%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $184.0M $184.0M $184.0M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 15.40M shares 15.40M shares 15.40M shares
Shareholders Equity $525.0M $498.1M $479.5M
YoY Change
Total Liabilities & Shareholders Equity $1.706B $1.615B $1.605B
YoY Change 6.27% 0.12% -14.44%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $29.50M $12.70M $16.50M
YoY Change 78.79% -354.0% 236.73%
Depreciation, Depletion And Amortization $35.20M $34.90M $32.40M
YoY Change 8.64% 9.06% -4.99%
Cash From Operating Activities $22.70M $49.10M $64.80M
YoY Change -64.97% 41.5% 141.79%
INVESTING ACTIVITIES
Capital Expenditures $12.90M -$46.50M $20.10M
YoY Change -35.82% 126.83% -11.84%
Acquisitions
YoY Change
Other Investing Activities $100.0K -$700.0K $0.00
YoY Change
Cash From Investing Activities -$13.00M -$47.20M -$20.10M
YoY Change -35.32% 130.24% -11.84%
FINANCING ACTIVITIES
Cash Dividend Paid $5.000M $5.100M
YoY Change -1.96% 2.0%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities $6.200M 7.300M -$39.10M
YoY Change -115.86% -114.09% -129.03%
NET CHANGE
Cash From Operating Activities $22.70M 49.10M $64.80M
Cash From Investing Activities -$13.00M -47.20M -$20.10M
Cash From Financing Activities $6.200M 7.300M -$39.10M
Net Change In Cash $15.90M 9.200M $5.600M
YoY Change 183.93% -124.47% -95.96%
FREE CASH FLOW
Cash From Operating Activities $22.70M $49.10M $64.80M
Capital Expenditures $12.90M -$46.50M $20.10M
Free Cash Flow $9.800M $95.60M $44.70M
YoY Change -78.08% 73.19% 1017.5%

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