2022 Q3 Form 10-K Financial Statement

#000155837022013935 Filed on August 24, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022
Revenue $269.7M $288.2M $1.106B
YoY Change 4.63% 11.27% 18.75%
Cost Of Revenue $90.06M $87.88M $349.1M
YoY Change 3.85% 5.77% 17.08%
Gross Profit $179.6M $200.4M $756.5M
YoY Change 5.03% 13.87% 19.54%
Gross Profit Margin 66.6% 69.51% 68.42%
Selling, General & Admin $99.38M $96.28M $372.8M
YoY Change 15.32% 12.68% 14.71%
% of Gross Profit 55.33% 48.05% 49.28%
Research & Development $23.90M $23.15M $87.14M
YoY Change 10.66% 11.71% 23.42%
% of Gross Profit 13.31% 11.55% 11.52%
Depreciation & Amortization $26.64M $25.87M $101.1M
YoY Change 7.71% 4.95% 15.18%
% of Gross Profit 14.83% 12.91% 13.36%
Operating Expenses $123.3M $119.4M $459.9M
YoY Change 14.38% 12.49% 16.27%
Operating Profit $56.32M $80.93M $296.6M
YoY Change -10.92% 15.97% 24.99%
Interest Expense $3.790M -$2.717M $11.31M
YoY Change 11.18% -13.03% -18.94%
% of Operating Profit 6.73% -3.36% 3.81%
Other Income/Expense, Net $47.40M $1.196M $4.796M
YoY Change 1039.13% -102.05% -105.38%
Pretax Income $103.7M $79.05M $301.4M
YoY Change 53.92% 1011.37% 103.4%
Income Tax $13.98M $17.14M $38.29M
% Of Pretax Income 13.48% 21.68% 12.7%
Net Earnings $89.56M $61.52M $272.1M
YoY Change 28.64% 311.26% 93.75%
Net Earnings / Revenue 33.21% 21.35% 24.61%
Basic Earnings Per Share $2.28 $6.93
Diluted Earnings Per Share $2.21 $1.504M $6.63
COMMON SHARES
Basic Shares Outstanding 39.21M 39.23M 39.22M
Diluted Shares Outstanding 40.54M 41.03M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $203.1M $247.0M $247.0M
YoY Change -13.61% 6.68% 6.68%
Cash & Equivalents $165.3M $172.6M $172.6M
Short-Term Investments $37.82M $74.46M $74.46M
Other Short-Term Assets $24.77M $22.86M $22.86M
YoY Change -43.41% 35.09% 35.09%
Inventory $150.0M $141.1M $141.1M
Prepaid Expenses
Receivables $174.2M $194.5M $194.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $552.0M $605.6M $605.6M
YoY Change 1.52% 18.6% 18.6%
LONG-TERM ASSETS
Property, Plant & Equipment $224.1M $223.2M $288.8M
YoY Change 8.19% 7.38% 2.5%
Goodwill $865.4M $822.1M
YoY Change 2.65% -2.49%
Intangibles $585.5M $531.5M
YoY Change -4.94% -13.71%
Long-Term Investments $25.00M
YoY Change
Other Assets $53.90M $46.83M $46.83M
YoY Change 365.05% 304.56% 304.56%
Total Long-Term Assets $1.799B $1.689B $1.689B
YoY Change 4.18% -3.6% -3.6%
TOTAL ASSETS
Total Short-Term Assets $552.0M $605.6M $605.6M
Total Long-Term Assets $1.799B $1.689B $1.689B
Total Assets $2.351B $2.295B $2.295B
YoY Change 3.55% 1.41% 1.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.48M $33.87M $33.87M
YoY Change 18.95% 15.25% 15.25%
Accrued Expenses $13.79M $17.89M $91.77M
YoY Change -20.83% 17.04% 17.38%
Deferred Revenue $22.06M $23.41M
YoY Change 15.37% 23.22%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $12.50M $12.50M
YoY Change -100.0% 0.0% 0.0%
Total Short-Term Liabilities $137.6M $176.0M $176.0M
YoY Change 2.71% 15.59% 15.59%
LONG-TERM LIABILITIES
Long-Term Debt $264.7M $243.4M $243.4M
YoY Change -8.02% -25.98% -25.98%
Other Long-Term Liabilities $11.50M $12.24M $75.37M
YoY Change -42.63% -49.97% -35.85%
Total Long-Term Liabilities $11.50M $12.24M $318.8M
YoY Change -42.63% -49.97% -28.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $137.6M $176.0M $176.0M
Total Long-Term Liabilities $11.50M $12.24M $318.8M
Total Liabilities $149.1M $188.3M $593.0M
YoY Change -3.19% 6.51% -15.28%
SHAREHOLDERS EQUITY
Retained Earnings $1.163B $1.123B
YoY Change 3.86% 3.45%
Common Stock $680.4M $654.0M
YoY Change 16.47% 22.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.751B $1.702B $1.702B
YoY Change
Total Liabilities & Shareholders Equity $2.351B $2.295B $2.295B
YoY Change 3.55% 1.41% 1.41%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022
OPERATING ACTIVITIES
Net Income $89.56M $61.52M $272.1M
YoY Change 28.64% 311.26% 93.75%
Depreciation, Depletion And Amortization $26.64M $25.87M $101.1M
YoY Change 7.71% 4.95% 15.18%
Cash From Operating Activities $56.08M $102.7M $325.3M
YoY Change 15.79% -15.85% -7.64%
INVESTING ACTIVITIES
Capital Expenditures $9.556M -$13.57M $44.91M
YoY Change 57.43% 20.08% 1.37%
Acquisitions $101.2M
YoY Change
Other Investing Activities -$10.13M -$5.000M -$51.94M
YoY Change 864.95% -97.68%
Cash From Investing Activities -$19.69M -$18.57M -$96.85M
YoY Change 176.52% -91.82% -60.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $161.0M
YoY Change 272.76%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -31.81M -65.73M -242.9M
YoY Change -19.85% -155.87% 288.25%
NET CHANGE
Cash From Operating Activities 56.08M 102.7M 325.3M
Cash From Investing Activities -19.69M -18.57M -96.85M
Cash From Financing Activities -31.81M -65.73M -242.9M
Net Change In Cash -7.310M 18.42M -26.52M
YoY Change 163.9% 43.93% -150.55%
FREE CASH FLOW
Cash From Operating Activities $56.08M $102.7M $325.3M
Capital Expenditures $9.556M -$13.57M $44.91M
Free Cash Flow $46.53M $116.3M $280.4M
YoY Change 9.82% -12.81% -8.93%

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