2022 Q3 Form 10-Q Financial Statement

#000151470522000012 Filed on August 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $516.8M $501.9M $365.3M
YoY Change 41.01% 37.77% 17.8%
Cost Of Revenue $413.4M $411.8M $288.9M
YoY Change 49.08% 47.81% 18.89%
Gross Profit $103.4M $90.10M $76.40M
YoY Change 15.92% 5.13% 13.86%
Gross Profit Margin 20.01% 17.95% 20.91%
Selling, General & Admin $20.10M $19.80M $13.50M
YoY Change 31.37% 11.86% -53.45%
% of Gross Profit 19.44% 21.98% 17.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.70M $35.80M $34.90M
YoY Change 9.85% 4.99% 9.06%
% of Gross Profit 34.53% 39.73% 45.68%
Operating Expenses $20.10M $19.80M $48.40M
YoY Change 31.37% 11.86% -22.68%
Operating Profit $47.60M $34.50M $28.00M
YoY Change 14.98% 1.77% 522.22%
Interest Expense $8.000M $8.300M -$7.700M
YoY Change 1.27% -41.55% -41.22%
% of Operating Profit 16.81% 24.06% -27.5%
Other Income/Expense, Net
YoY Change
Pretax Income $39.60M $26.20M $20.30M
YoY Change 18.21% -314.75% -438.33%
Income Tax -$2.900M $7.200M $6.300M
% Of Pretax Income -7.32% 27.48% 31.03%
Net Earnings $41.40M $18.00M $12.70M
YoY Change 80.0% -304.55% -354.0%
Net Earnings / Revenue 8.01% 3.59% 3.48%
Basic Earnings Per Share $0.49 $0.21
Diluted Earnings Per Share $0.49 $0.21 $151.2K
COMMON SHARES
Basic Shares Outstanding 83.39M shares 83.90M shares 83.08M shares
Diluted Shares Outstanding 84.70M shares 84.60M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $59.30M $63.40M $63.80M
YoY Change 8.61% 22.63% 31.82%
Cash & Equivalents $59.30M $63.40M $63.80M
Short-Term Investments
Other Short-Term Assets $6.400M $6.600M $3.500M
YoY Change 4.92% 11.86% 20.69%
Inventory $204.9M $193.1M $127.0M
Prepaid Expenses
Receivables $118.7M $108.1M $77.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $389.3M $371.2M $271.9M
YoY Change 55.35% 46.31% 18.37%
LONG-TERM ASSETS
Property, Plant & Equipment $1.239B $1.254B $1.288B
YoY Change -3.82% -2.81% -3.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $17.90M $18.50M $20.40M
YoY Change -4.79% 1.09% 10.27%
Total Long-Term Assets $1.291B $1.306B $1.344B
YoY Change -3.88% -2.83% -2.91%
TOTAL ASSETS
Total Short-Term Assets $389.3M $371.2M $271.9M
Total Long-Term Assets $1.291B $1.306B $1.344B
Total Assets $1.680B $1.677B $1.615B
YoY Change 5.44% 4.97% 0.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $153.0M $159.4M $126.0M
YoY Change 25.31% 42.7% 21.04%
Accrued Expenses $55.00M $51.60M $52.40M
YoY Change 8.7% 9.55% 5.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.300M $3.200M $3.200M
YoY Change 6.45% 3.23% 6.67%
Total Short-Term Liabilities $219.9M $215.6M $182.2M
YoY Change 20.49% 32.68% 14.66%
LONG-TERM LIABILITIES
Long-Term Debt $561.2M $594.6M $610.4M
YoY Change -6.12% -8.55% -9.42%
Other Long-Term Liabilities $23.10M $22.40M $27.10M
YoY Change -11.49% -9.68% 11.52%
Total Long-Term Liabilities $584.3M $617.0M $637.5M
YoY Change -6.35% -8.59% -8.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $219.9M $215.6M $182.2M
Total Long-Term Liabilities $584.3M $617.0M $637.5M
Total Liabilities $1.068B $1.103B $1.080B
YoY Change -0.12% 0.79% -2.92%
SHAREHOLDERS EQUITY
Retained Earnings $48.50M $13.90M -$23.40M
YoY Change -255.95% -128.37% -49.79%
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
YoY Change 0.0%
Treasury Stock Shares 15.40M shares
Shareholders Equity $575.5M $539.1M $498.1M
YoY Change
Total Liabilities & Shareholders Equity $1.680B $1.677B $1.615B
YoY Change 5.44% 4.97% 0.12%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $41.40M $18.00M $12.70M
YoY Change 80.0% -304.55% -354.0%
Depreciation, Depletion And Amortization $35.70M $35.80M $34.90M
YoY Change 9.85% 4.99% 9.06%
Cash From Operating Activities $54.40M $43.50M $49.10M
YoY Change -31.49% 9.3% 41.5%
INVESTING ACTIVITIES
Capital Expenditures $21.70M $21.10M -$46.50M
YoY Change 17.93% 55.15% 126.83%
Acquisitions
YoY Change
Other Investing Activities $3.600M -$700.0K
YoY Change
Cash From Investing Activities -$18.10M -$21.00M -$47.20M
YoY Change -1.63% 54.41% 130.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -40.40M -38.80M 7.300M
YoY Change -30.46% 36.14% -114.09%
NET CHANGE
Cash From Operating Activities 54.40M 43.50M 49.10M
Cash From Investing Activities -18.10M -21.00M -47.20M
Cash From Financing Activities -40.40M -38.80M 7.300M
Net Change In Cash -4.100M -16.30M 9.200M
YoY Change -241.38% 608.7% -124.47%
FREE CASH FLOW
Cash From Operating Activities $54.40M $43.50M $49.10M
Capital Expenditures $21.70M $21.10M -$46.50M
Free Cash Flow $32.70M $22.40M $95.60M
YoY Change -46.39% -14.5% 73.19%

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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Payments To Acquire Property Plant And Equipment
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NetIncomeLoss
47500000 usd
us-gaap Net Income Loss
NetIncomeLoss
7700000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000000.0 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1300000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2100000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000000.0 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
19000000.0 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-7500000 usd
us-gaap Profit Loss
ProfitLoss
49600000 usd
us-gaap Profit Loss
ProfitLoss
10700000 usd
CY2022Q2 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
35800000 usd
CY2021Q2 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
34100000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
71000000.0 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
66500000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
8300000 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
14200000 usd
us-gaap Interest Expense
InterestExpense
16300000 usd
us-gaap Interest Expense
InterestExpense
26900000 usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-31900000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-31900000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7200000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4700000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17200000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2600000 usd
CY2022Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1000000.0 usd
CY2021Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1000000.0 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 usd
CY2022Q2 sxc Adjusted Ebitda
AdjustedEBITDA
71300000 usd
CY2021Q2 sxc Adjusted Ebitda
AdjustedEBITDA
68000000.0 usd
sxc Adjusted Ebitda
AdjustedEBITDA
155100000 usd
sxc Adjusted Ebitda
AdjustedEBITDA
138600000 usd
CY2022Q2 sxc Adjusted Ebitda Portion Attributableto Noncontrolling Interests
AdjustedEBITDAPortionAttributabletoNoncontrollingInterests
2000000.0 usd
CY2021Q2 sxc Adjusted Ebitda Portion Attributableto Noncontrolling Interests
AdjustedEBITDAPortionAttributabletoNoncontrollingInterests
2300000 usd
sxc Adjusted Ebitda Portion Attributableto Noncontrolling Interests
AdjustedEBITDAPortionAttributabletoNoncontrollingInterests
4100000 usd
sxc Adjusted Ebitda Portion Attributableto Noncontrolling Interests
AdjustedEBITDAPortionAttributabletoNoncontrollingInterests
4900000 usd
CY2022Q2 sxc Adjusted Ebitda Excluding Portion Attributableto Noncontrolling Interests
AdjustedEBITDAExcludingPortionAttributabletoNoncontrollingInterests
69300000 usd
CY2021Q2 sxc Adjusted Ebitda Excluding Portion Attributableto Noncontrolling Interests
AdjustedEBITDAExcludingPortionAttributabletoNoncontrollingInterests
65700000 usd
sxc Adjusted Ebitda Excluding Portion Attributableto Noncontrolling Interests
AdjustedEBITDAExcludingPortionAttributabletoNoncontrollingInterests
151000000.0 usd
sxc Adjusted Ebitda Excluding Portion Attributableto Noncontrolling Interests
AdjustedEBITDAExcludingPortionAttributabletoNoncontrollingInterests
133700000 usd

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