2023 Q1 Form 10-K Financial Statement

#000114036123007579 Filed on February 17, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $369.0M $348.7M $1.437B
YoY Change 3.79% 2.43% 4.11%
Cost Of Revenue $244.3M $237.2M $947.9M
YoY Change 5.93% 4.05% 2.42%
Gross Profit $124.7M $111.5M $489.1M
YoY Change -0.15% -0.83% 7.56%
Gross Profit Margin 33.78% 31.97% 34.04%
Selling, General & Admin $73.83M $72.81M $292.4M
YoY Change 2.45% 2.16% 2.71%
% of Gross Profit 59.22% 65.3% 59.77%
Research & Development $42.20M
YoY Change 23.03%
% of Gross Profit 8.63%
Depreciation & Amortization $14.15M $13.20M $52.47M
YoY Change 8.38% -0.14% 0.8%
% of Gross Profit 11.35% 11.84% 10.73%
Operating Expenses $73.83M $72.81M $334.6M
YoY Change 2.45% 2.16% 4.9%
Operating Profit $50.84M $38.69M $196.8M
YoY Change -3.7% -6.02% 15.72%
Interest Expense $6.002M -$4.799M $14.55M
YoY Change 100.53% 74.38% 15.97%
% of Operating Profit 11.81% -12.4% 7.39%
Other Income/Expense, Net
YoY Change
Pretax Income $44.84M $36.43M $182.2M
YoY Change -9.96% -3.3% 15.7%
Income Tax $11.19M $7.305M $41.32M
% Of Pretax Income 24.95% 20.05% 22.68%
Net Earnings $33.65M $29.12M $140.9M
YoY Change -9.23% 6.95% 18.65%
Net Earnings / Revenue 9.12% 8.35% 9.8%
Basic Earnings Per Share $0.80 $3.36
Diluted Earnings Per Share $0.80 $0.69 $3.34
COMMON SHARES
Basic Shares Outstanding 42.09M 42.04M 41.89M
Diluted Shares Outstanding 42.26M 42.21M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.02M $20.92M $20.92M
YoY Change -25.36% -18.72% -18.72%
Cash & Equivalents $24.02M $20.92M $20.92M
Short-Term Investments
Other Short-Term Assets $49.64M $47.64M $47.64M
YoY Change 7.72% 11.68% 11.68%
Inventory $573.7M $564.1M $564.1M
Prepaid Expenses
Receivables $312.5M $302.1M $302.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $959.9M $934.8M $934.8M
YoY Change 22.54% 26.13% 26.13%
LONG-TERM ASSETS
Property, Plant & Equipment $493.8M $483.2M $519.5M
YoY Change 10.9% 8.22% 9.83%
Goodwill $419.3M $415.7M
YoY Change -1.03%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $96.08M $96.61M $93.03M
YoY Change -26.21% 3.93% -3.45%
Total Long-Term Assets $1.063B $1.047B $1.047B
YoY Change 5.73% 4.23% 4.23%
TOTAL ASSETS
Total Short-Term Assets $959.9M $934.8M $934.8M
Total Long-Term Assets $1.063B $1.047B $1.047B
Total Assets $2.023B $1.982B $1.982B
YoY Change 13.09% 13.53% 13.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $121.3M $142.4M $142.4M
YoY Change 5.6% 13.42% 13.42%
Accrued Expenses $71.58M $94.97M $94.97M
YoY Change 14215.4% 11771.13% 8.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $19.87M
YoY Change -100.0% 172.82%
Long-Term Debt Due $24.85M $501.0K $501.0K
YoY Change 232.43% 2.87% -60.08%
Total Short-Term Liabilities $234.7M $272.2M $272.2M
YoY Change 9.45% 17.15% 17.15%
LONG-TERM LIABILITIES
Long-Term Debt $679.8M $630.3M $630.3M
YoY Change 28.26% 25.31% 25.31%
Other Long-Term Liabilities $36.65M $37.19M $63.56M
YoY Change -46.37% 29.01% 10.71%
Total Long-Term Liabilities $716.4M $667.5M $693.9M
YoY Change 19.73% 25.51% 23.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $234.7M $272.2M $272.2M
Total Long-Term Liabilities $716.4M $667.5M $693.9M
Total Liabilities $951.1M $939.7M $982.0M
YoY Change 15.02% 22.97% 21.68%
SHAREHOLDERS EQUITY
Retained Earnings $1.719B $1.703B
YoY Change 4.41%
Common Stock $118.0M $129.4M
YoY Change 10.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $12.06M
Shareholders Equity $1.028B $999.6M $999.6M
YoY Change
Total Liabilities & Shareholders Equity $2.023B $1.982B $1.982B
YoY Change 13.09% 13.53% 13.53%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $33.65M $29.12M $140.9M
YoY Change -9.23% 6.95% 18.65%
Depreciation, Depletion And Amortization $14.15M $13.20M $52.47M
YoY Change 8.38% -0.14% 0.8%
Cash From Operating Activities -$3.045M -$2.828M $12.07M
YoY Change 241.37% -109.73% -91.69%
INVESTING ACTIVITIES
Capital Expenditures $22.28M $27.62M $79.32M
YoY Change -274.92% -219.15% 30.49%
Acquisitions
YoY Change
Other Investing Activities $602.0K -$19.12M -$792.0K
YoY Change 15.11% -2602.49% -27.8%
Cash From Investing Activities -$22.88M -$46.74M -$98.45M
YoY Change 87.33% 108.5% 176.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 24.55M 39.86M 86.18M
YoY Change 64.4% -378.75% -179.97%
NET CHANGE
Cash From Operating Activities -3.045M -2.828M 12.07M
Cash From Investing Activities -22.88M -46.74M -98.45M
Cash From Financing Activities 24.55M 39.86M 86.18M
Net Change In Cash 3.096M -9.708M -4.819M
YoY Change 69.27% 26.98% -596.8%
FREE CASH FLOW
Cash From Operating Activities -$3.045M -$2.828M $12.07M
Capital Expenditures $22.28M $27.62M $79.32M
Free Cash Flow -$25.32M -$30.45M -$67.25M
YoY Change -313.8% -158.27% -179.65%

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