2021 Q4 Form 10-Q Financial Statement
#000119312521321554 Filed on November 05, 2021
Income Statement
| Concept | 2021 Q4 | 2020 Q3 |
|---|---|---|
| Revenue | $950.5M | $819.5M |
| YoY Change | 25.24% | 40.8% |
| Cost Of Revenue | $379.5M | $360.6M |
| YoY Change | 22.74% | 52.13% |
| Gross Profit | $571.0M | $458.9M |
| YoY Change | 26.95% | 33.01% |
| Gross Profit Margin | 60.07% | 56.0% |
| Selling, General & Admin | $134.8M | $115.8M |
| YoY Change | 8.49% | 6.11% |
| % of Gross Profit | 23.61% | 25.24% |
| Research & Development | $107.2M | $94.91M |
| YoY Change | 6.37% | 21.98% |
| % of Gross Profit | 18.78% | 20.68% |
| Depreciation & Amortization | $30.30M | $30.20M |
| YoY Change | -5.31% | 2.72% |
| % of Gross Profit | 5.31% | 6.58% |
| Operating Expenses | $247.4M | $189.3M |
| YoY Change | 14.69% | -0.45% |
| Operating Profit | $323.6M | $269.7M |
| YoY Change | 38.24% | 74.06% |
| Interest Expense | -$3.059M | $6.237M |
| YoY Change | -148.17% | 14.17% |
| % of Operating Profit | -0.95% | 2.31% |
| Other Income/Expense, Net | -$1.433M | -$764.0K |
| YoY Change | -74.4% | -64.6% |
| Pretax Income | $297.8M | $263.7M |
| YoY Change | 33.57% | 73.81% |
| Income Tax | $41.04M | $41.01M |
| % Of Pretax Income | 13.78% | 15.55% |
| Net Earnings | $256.7M | $222.7M |
| YoY Change | 30.76% | 63.93% |
| Net Earnings / Revenue | 27.01% | 27.18% |
| Basic Earnings Per Share | $1.56 | $1.34 |
| Diluted Earnings Per Share | $1.411M | $1.21 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 164.6M | |
| Diluted Shares Outstanding | 182.0M |
Balance Sheet
| Concept | 2021 Q4 | 2020 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.313B | $1.233B |
| YoY Change | -8.6% | 31.66% |
| Cash & Equivalents | $1.122B | $945.2M |
| Short-Term Investments | $233.4M | $287.8M |
| Other Short-Term Assets | $9.452M | $232.1M |
| YoY Change | -96.35% | 27.53% |
| Inventory | $243.3M | $191.3M |
| Prepaid Expenses | $406.3M | |
| Receivables | $550.7M | $587.2M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $2.576B | $2.244B |
| YoY Change | 6.66% | 35.6% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $387.2M | $440.9M |
| YoY Change | -13.83% | 20.73% |
| Goodwill | $426.0M | |
| YoY Change | -6.13% | |
| Intangibles | $75.64M | |
| YoY Change | ||
| Long-Term Investments | $136.7M | $108.3M |
| YoY Change | 15.82% | 4.54% |
| Other Assets | $24.10M | $104.8M |
| YoY Change | -79.01% | -3.14% |
| Total Long-Term Assets | $1.233B | $1.193B |
| YoY Change | -0.3% | 14.24% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $2.576B | $2.244B |
| Total Long-Term Assets | $1.233B | $1.193B |
| Total Assets | $3.809B | $3.437B |
| YoY Change | 4.3% | 27.34% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $153.1M | $150.4M |
| YoY Change | 14.53% | 27.57% |
| Accrued Expenses | $353.0M | $312.7M |
| YoY Change | 10.84% | 30.56% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $32.22M | |
| YoY Change | -3.25% | |
| Total Short-Term Liabilities | $805.1M | $671.8M |
| YoY Change | 14.87% | 36.07% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $112.8M | $406.2M |
| YoY Change | -70.07% | 3.91% |
| Other Long-Term Liabilities | $348.5M | $353.5M |
| YoY Change | -1.3% | 11.83% |
| Total Long-Term Liabilities | $461.3M | $759.7M |
| YoY Change | -36.8% | 7.45% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $805.1M | $671.8M |
| Total Long-Term Liabilities | $461.3M | $759.7M |
| Total Liabilities | $1.245B | $1.443B |
| YoY Change | -13.6% | 18.65% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $736.6M | |
| YoY Change | ||
| Common Stock | $1.832B | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $600.0M | |
| YoY Change | ||
| Treasury Stock Shares | $4.800M | |
| Shareholders Equity | $2.562B | $1.994B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $3.809B | $3.437B |
| YoY Change | 4.3% | 27.33% |
Cashflow Statement
| Concept | 2021 Q4 | 2020 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $256.7M | $222.7M |
| YoY Change | 30.76% | 63.93% |
| Depreciation, Depletion And Amortization | $30.30M | $30.20M |
| YoY Change | -5.31% | 2.72% |
| Cash From Operating Activities | $522.7M | $342.5M |
| YoY Change | 100.71% | 72.02% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$29.21M | -$62.90M |
| YoY Change | -23.35% | 70.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $93.01M | -$56.50M |
| YoY Change | -138.9% | -195.28% |
| Cash From Investing Activities | $63.80M | -$119.4M |
| YoY Change | -123.02% | -635.43% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | $16.40M | |
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -461.4M | -3.100M |
| YoY Change | 2996.96% | -97.47% |
| NET CHANGE | ||
| Cash From Operating Activities | 522.7M | 342.5M |
| Cash From Investing Activities | 63.80M | -119.4M |
| Cash From Financing Activities | -461.4M | -3.100M |
| Net Change In Cash | 125.0M | 220.0M |
| YoY Change | -494.36% | 122.9% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $522.7M | $342.5M |
| Capital Expenditures | -$29.21M | -$62.90M |
| Free Cash Flow | $551.9M | $405.4M |
| YoY Change | 84.88% | 71.71% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
49900000 | ||
| dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | ||
| CY2021Q4 | us-gaap |
Revenues
Revenues
|
950501000 | |
| CY2021Q4 | us-gaap |
Revenues
Revenues
|
950501000 | |
| CY2020Q3 | us-gaap |
Revenues
Revenues
|
819484000 | |
| CY2020Q3 | us-gaap |
Revenues
Revenues
|
819484000 | |
| us-gaap |
Revenues
Revenues
|
2817835000 | ||
| us-gaap |
Revenues
Revenues
|
2817835000 | ||
| us-gaap |
Revenues
Revenues
|
2362500000 | ||
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Revenues
Revenues
|
2362500000 | ||
| CY2021Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
|
0 | |
| CY2020Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
|
-27206000 | |
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Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
|
-7227000 | ||
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Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
|
-7967000 | ||
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Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
|
8852000 | ||
| CY2021Q4 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
9819000 | |
| CY2020Q3 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
7775000 | |
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Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
9774000 | ||
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Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
6364000 | ||
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Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
6464000 | |
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Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
9156000 | |
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Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
8784000 | ||
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Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
8029000 | ||
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Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
297755000 | |
| CY2021Q4 | us-gaap |
Assets
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|
3762182000 | |
| CY2020Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
263731000 | |
| CY2020Q3 | us-gaap |
Assets
Assets
|
3436512000 | |
| us-gaap |
Revenues
Revenues
|
2817835000 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
905774000 | ||
| CY2021Q4 | us-gaap |
Assets
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|
3762182000 | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
678089000 | ||
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Assets
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|
3436512000 |
