2022 Q1 Form 10-Q Financial Statement

#000081676122000015 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $496.0M $491.0M
YoY Change 1.02% 13.13%
Cost Of Revenue $195.0M $184.0M
YoY Change 5.98% -11.96%
Gross Profit $301.0M $307.0M
YoY Change -1.95% 36.44%
Gross Profit Margin 60.69% 62.53%
Selling, General & Admin $157.0M $149.0M
YoY Change 5.37% -5.7%
% of Gross Profit 52.16% 48.53%
Research & Development $76.00M $77.00M
YoY Change -1.3% 5.48%
% of Gross Profit 25.25% 25.08%
Depreciation & Amortization $40.00M $39.00M
YoY Change 2.56% -7.14%
% of Gross Profit 13.29% 12.7%
Operating Expenses $233.0M $226.0M
YoY Change 3.1% -2.16%
Operating Profit $68.00M $81.00M
YoY Change -16.05% -1450.0%
Interest Expense $6.000M $7.000M
YoY Change -14.29% 0.0%
% of Operating Profit 8.82% 8.64%
Other Income/Expense, Net -$13.00M -$9.000M
YoY Change 44.44% 12.5%
Pretax Income $55.00M $72.00M
YoY Change -23.61% -614.29%
Income Tax $19.00M $19.00M
% Of Pretax Income 34.55% 26.39%
Net Earnings $36.00M $53.00M
YoY Change -32.08% -68.45%
Net Earnings / Revenue 7.26% 10.79%
Basic Earnings Per Share $0.34 $0.49
Diluted Earnings Per Share $0.33 $0.47
COMMON SHARES
Basic Shares Outstanding 105.0M shares 108.7M shares
Diluted Shares Outstanding 108.6M shares 112.8M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $404.0M $538.0M
YoY Change -24.91% 36.55%
Cash & Equivalents $404.0M $538.0M
Short-Term Investments
Other Short-Term Assets $113.0M $154.0M
YoY Change -26.62% 48.08%
Inventory $16.00M $16.00M
Prepaid Expenses
Receivables $330.0M $367.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $863.0M $1.075B
YoY Change -19.72% 10.37%
LONG-TERM ASSETS
Property, Plant & Equipment $296.0M $378.0M
YoY Change -21.69% -1.31%
Goodwill $395.0M $399.0M
YoY Change -1.0% 1.27%
Intangibles $109.0M $99.00M
YoY Change 10.1% 13.79%
Long-Term Investments
YoY Change
Other Assets $32.00M $43.00M
YoY Change -25.58% 43.33%
Total Long-Term Assets $1.032B $1.128B
YoY Change -8.51% -4.16%
TOTAL ASSETS
Total Short-Term Assets $863.0M $1.075B
Total Long-Term Assets $1.032B $1.128B
Total Assets $1.895B $2.203B
YoY Change -13.98% 2.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $78.00M $55.00M
YoY Change 41.82% -42.71%
Accrued Expenses $102.0M $120.0M
YoY Change -15.0% 16.5%
Deferred Revenue $580.0M $557.0M
YoY Change 4.13% 0.36%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $75.00M $50.00M
YoY Change 50.0% 100.0%
Total Short-Term Liabilities $993.0M $955.0M
YoY Change 3.98% 5.41%
LONG-TERM LIABILITIES
Long-Term Debt $324.0M $399.0M
YoY Change -18.8% -10.94%
Other Long-Term Liabilities $102.0M $129.0M
YoY Change -20.93% -15.69%
Total Long-Term Liabilities $426.0M $528.0M
YoY Change -19.32% -12.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $993.0M $955.0M
Total Long-Term Liabilities $426.0M $528.0M
Total Liabilities $1.658B $1.786B
YoY Change -7.17% -0.89%
SHAREHOLDERS EQUITY
Retained Earnings -$1.425B -$1.146B
YoY Change 24.35% 9.14%
Common Stock $1.793B $1.709B
YoY Change 4.92% 8.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $237.0M $417.0M
YoY Change
Total Liabilities & Shareholders Equity $1.895B $2.203B
YoY Change -13.98% 2.42%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $36.00M $53.00M
YoY Change -32.08% -68.45%
Depreciation, Depletion And Amortization $40.00M $39.00M
YoY Change 2.56% -7.14%
Cash From Operating Activities $151.0M $110.0M
YoY Change 37.27% 1000.0%
INVESTING ACTIVITIES
Capital Expenditures $1.000M $4.000M
YoY Change -75.0% -60.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.000M -$5.000M
YoY Change -80.0% -58.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $300.0M $83.00M
YoY Change 261.45% 13.7%
Debt Paid & Issued, Net $13.00M $6.000M
YoY Change 116.67% 0.0%
Cash From Financing Activities -$331.0M -$91.00M
YoY Change 263.74% 3.41%
NET CHANGE
Cash From Operating Activities $151.0M $110.0M
Cash From Investing Activities -$1.000M -$5.000M
Cash From Financing Activities -$331.0M -$91.00M
Net Change In Cash -$187.0M $9.000M
YoY Change -2177.78% -109.0%
FREE CASH FLOW
Cash From Operating Activities $151.0M $110.0M
Capital Expenditures $1.000M $4.000M
Free Cash Flow $150.0M $106.0M
YoY Change 41.51%

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