2023 Q1 Form 10-K Financial Statement

#000081676123000008 Filed on February 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $476.0M $452.0M $1.795B
YoY Change -4.03% -4.84% -6.36%
Cost Of Revenue $174.0M $189.0M $714.0M
YoY Change -10.77% 4.42% -2.33%
Gross Profit $302.0M $263.0M $1.081B
YoY Change 0.33% -10.54% -8.85%
Gross Profit Margin 63.45% 58.19% 60.22%
Selling, General & Admin $153.0M $175.0M $650.0M
YoY Change -2.55% 2.94% 0.62%
% of Gross Profit 50.66% 66.54% 60.13%
Research & Development $70.00M $77.00M $313.0M
YoY Change -7.89% 4.05% 1.29%
% of Gross Profit 23.18% 29.28% 28.95%
Depreciation & Amortization $28.00M $33.00M $127.0M
YoY Change -30.0% -8.33% -8.63%
% of Gross Profit 9.27% 12.55% 11.75%
Operating Expenses $223.0M $252.0M $963.0M
YoY Change -4.29% 3.28% 0.84%
Operating Profit $79.00M $11.00M $118.0M
YoY Change 16.18% -78.0% -48.92%
Interest Expense $7.000M -$1.000M $24.00M
YoY Change 16.67% -75.0% -7.69%
% of Operating Profit 8.86% -9.09% 20.34%
Other Income/Expense, Net -$21.00M -$9.000M $42.00M
YoY Change 61.54% 125.0% 121.05%
Pretax Income $58.00M $2.000M $67.00M
YoY Change 5.45% -95.24% -65.1%
Income Tax $18.00M $9.000M $34.00M
% Of Pretax Income 31.03% 450.0% 50.75%
Net Earnings $40.00M -$7.000M $33.00M
YoY Change 11.11% -121.21% -77.55%
Net Earnings / Revenue 8.4% -1.55% 1.84%
Basic Earnings Per Share $0.39 $0.32
Diluted Earnings Per Share $0.39 -$0.07 $0.31
COMMON SHARES
Basic Shares Outstanding 100.8M shares 101.8M shares 103.2M shares
Diluted Shares Outstanding 103.8M shares 105.8M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $551.0M $569.0M $569.0M
YoY Change 36.39% -3.89% -3.89%
Cash & Equivalents $551.0M $569.0M $569.0M
Short-Term Investments
Other Short-Term Assets $107.0M $87.00M $87.00M
YoY Change -5.31% -42.76% -38.73%
Inventory $7.000M $8.000M $8.000M
Prepaid Expenses
Receivables $341.0M $364.0M $364.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.006B $1.028B $1.028B
YoY Change 16.57% -7.05% -7.05%
LONG-TERM ASSETS
Property, Plant & Equipment $263.0M $257.0M $257.0M
YoY Change -11.15% -18.15% -18.15%
Goodwill $391.0M $390.0M
YoY Change -1.01% -1.52%
Intangibles $84.00M $92.00M
YoY Change -22.94% -17.12%
Long-Term Investments
YoY Change
Other Assets $38.00M $42.00M $255.0M
YoY Change 18.75% 5.0% 5.37%
Total Long-Term Assets $980.0M $994.0M $994.0M
YoY Change -5.04% -6.49% -6.49%
TOTAL ASSETS
Total Short-Term Assets $1.006B $1.028B $1.028B
Total Long-Term Assets $980.0M $994.0M $994.0M
Total Assets $1.986B $2.022B $2.022B
YoY Change 4.8% -6.78% -6.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $92.00M $94.00M $94.00M
YoY Change 17.95% 40.3% 40.3%
Accrued Expenses $103.0M $145.0M $145.0M
YoY Change 0.98% -9.38% -24.08%
Deferred Revenue $634.0M $589.0M
YoY Change 9.31% 6.7%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $67.00M
YoY Change -100.0% -100.0% -59.39%
Total Short-Term Liabilities $999.0M $1.007B $1.007B
YoY Change 0.6% -2.52% -2.52%
LONG-TERM LIABILITIES
Long-Term Debt $498.0M $498.0M $552.0M
YoY Change 53.7% 53.7% 46.42%
Other Long-Term Liabilities $82.00M $79.00M $198.0M
YoY Change -19.61% -27.52% -32.19%
Total Long-Term Liabilities $580.0M $577.0M $750.0M
YoY Change 36.15% 33.26% 12.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $999.0M $1.007B $1.007B
Total Long-Term Liabilities $580.0M $577.0M $750.0M
Total Liabilities $1.756B $1.764B $1.764B
YoY Change 5.91% 3.22% 3.22%
SHAREHOLDERS EQUITY
Retained Earnings -$1.613B -$1.565B
YoY Change 13.19% 29.23%
Common Stock $1.963B $1.942B
YoY Change 9.48% 7.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $230.0M $258.0M $258.0M
YoY Change
Total Liabilities & Shareholders Equity $1.986B $2.022B $2.022B
YoY Change 4.8% -6.78% -6.78%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $40.00M -$7.000M $33.00M
YoY Change 11.11% -121.21% -77.55%
Depreciation, Depletion And Amortization $28.00M $33.00M $127.0M
YoY Change -30.0% -8.33% -8.63%
Cash From Operating Activities $109.0M $129.0M $419.0M
YoY Change -27.81% 35.79% -9.5%
INVESTING ACTIVITIES
Capital Expenditures $4.000M $9.000M $14.00M
YoY Change 300.0% -190.0% -50.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$2.000M $2.000M
YoY Change
Cash From Investing Activities -$4.000M -$11.00M -$18.00M
YoY Change 300.0% 10.0% -41.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $387.0M
YoY Change 58.61%
Debt Paid & Issued, Net $0.00 $413.0M
YoY Change -100.0% 838.64%
Cash From Financing Activities -$111.0M -61.00M -$381.0M
YoY Change -66.47% -41.35% 7.02%
NET CHANGE
Cash From Operating Activities $109.0M 129.0M $419.0M
Cash From Investing Activities -$4.000M -11.00M -$18.00M
Cash From Financing Activities -$111.0M -61.00M -$381.0M
Net Change In Cash -$16.00M 57.00M -$24.00M
YoY Change -91.44% -400.0% -138.71%
FREE CASH FLOW
Cash From Operating Activities $109.0M $129.0M $419.0M
Capital Expenditures $4.000M $9.000M $14.00M
Free Cash Flow $105.0M $120.0M $405.0M
YoY Change -30.0% 14.29% -6.9%

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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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19000000 usd
CY2022 dei Auditor Firm
AuditorFirmId
238

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