2021 Form 10-K Financial Statement
#000119312522049828 Filed on February 23, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $3.703B | $759.0M | $3.121B |
| YoY Change | 18.63% | 15.93% | 36.01% |
| Cost Of Revenue | $1.496B | $309.2M | $1.336B |
| YoY Change | 12.02% | 13.92% | 39.85% |
| Gross Profit | $2.207B | $449.8M | $1.786B |
| YoY Change | 23.57% | 17.37% | 33.28% |
| Gross Profit Margin | 59.59% | 59.26% | 57.21% |
| Selling, General & Admin | $547.6M | $124.3M | $464.0M |
| YoY Change | 18.01% | 6.14% | 6.67% |
| % of Gross Profit | 24.81% | 27.63% | 25.98% |
| Research & Development | $427.6M | $100.8M | $375.0M |
| YoY Change | 14.03% | 16.13% | 16.17% |
| % of Gross Profit | 19.38% | 22.41% | 21.0% |
| Depreciation & Amortization | $125.5M | $32.00M | $126.7M |
| YoY Change | -0.96% | -0.93% | 5.06% |
| % of Gross Profit | 5.69% | 7.11% | 7.1% |
| Operating Expenses | $996.6M | $215.7M | $869.8M |
| YoY Change | 14.58% | 1.95% | 9.0% |
| Operating Profit | $1.210B | $234.1M | $915.9M |
| YoY Change | 32.11% | 36.37% | 69.05% |
| Interest Expense | -$8.793M | $6.351M | -$10.30M |
| YoY Change | -14.63% | 16.72% | -1387.5% |
| % of Operating Profit | -0.73% | 2.71% | -1.12% |
| Other Income/Expense, Net | -$2.144M | -$5.597M | -$17.10M |
| YoY Change | -87.46% | -72.72% | -40.21% |
| Pretax Income | $1.161B | $222.9M | $901.0M |
| YoY Change | 28.85% | 49.73% | 71.37% |
| Income Tax | $146.4M | $26.60M | $116.9M |
| % Of Pretax Income | 12.61% | 11.93% | 12.97% |
| Net Earnings | $1.015B | $196.3M | $784.1M |
| YoY Change | 29.4% | 56.97% | 67.72% |
| Net Earnings / Revenue | 27.4% | 25.87% | 25.12% |
| Basic Earnings Per Share | $6.15 | $1.18 | $4.72 |
| Diluted Earnings Per Share | $5.525M | $1.05 | $4.285M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 165.0M | 166.1M | |
| Diluted Shares Outstanding | 183.6M | 183.0M |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.366B | $1.436B | $1.436B |
| YoY Change | -4.87% | 57.64% | 57.64% |
| Cash & Equivalents | $1.122B | $914.1M | $914.1M |
| Short-Term Investments | $244.2M | $522.3M | $522.3M |
| Other Short-Term Assets | $415.7M | $259.3M | $259.3M |
| YoY Change | 60.32% | 37.49% | 37.49% |
| Inventory | $243.3M | $222.2M | $222.2M |
| Prepaid Expenses | |||
| Receivables | $550.7M | $497.5M | $497.5M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $2.576B | $2.415B | $2.415B |
| YoY Change | 6.66% | 45.6% | 45.6% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $456.0M | $449.4M | $449.4M |
| YoY Change | 1.48% | 18.95% | 18.95% |
| Goodwill | $453.9M | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $133.9M | $118.0M | $118.0M |
| YoY Change | 13.44% | 12.92% | 12.92% |
| Other Assets | $141.6M | $114.8M | $114.8M |
| YoY Change | 23.37% | 10.38% | 10.38% |
| Total Long-Term Assets | $1.233B | $1.237B | $1.237B |
| YoY Change | -0.3% | 9.65% | 9.64% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.576B | $2.415B | $2.415B |
| Total Long-Term Assets | $1.233B | $1.237B | $1.237B |
| Total Assets | $3.809B | $3.652B | $3.652B |
| YoY Change | 4.3% | 31.05% | 31.05% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $153.1M | $133.7M | $133.7M |
| YoY Change | 14.53% | 5.61% | 5.61% |
| Accrued Expenses | $397.8M | $318.5M | $318.5M |
| YoY Change | 24.91% | 25.39% | 25.39% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $19.18M | $33.30M | $33.30M |
| YoY Change | -42.4% | ||
| Total Short-Term Liabilities | $805.1M | $700.9M | $700.9M |
| YoY Change | 14.87% | 30.04% | 30.04% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $89.24M | $376.8M | $376.8M |
| YoY Change | -76.32% | -4.54% | -4.54% |
| Other Long-Term Liabilities | $344.8M | $353.1M | $353.1M |
| YoY Change | -2.36% | -1.67% | -1.67% |
| Total Long-Term Liabilities | $434.0M | $729.9M | $729.9M |
| YoY Change | -40.54% | -3.17% | -3.17% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $805.1M | $700.9M | $700.9M |
| Total Long-Term Liabilities | $434.0M | $729.9M | $729.9M |
| Total Liabilities | $1.245B | $1.442B | $1.442B |
| YoY Change | -13.6% | 10.3% | 10.3% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $2.564B | $2.207B | $2.211B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $3.809B | $3.652B | $3.652B |
| YoY Change | 4.3% | 31.05% | 31.05% |
Cashflow Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $1.015B | $196.3M | $784.1M |
| YoY Change | 29.4% | 56.97% | 67.72% |
| Depreciation, Depletion And Amortization | $125.5M | $32.00M | $126.7M |
| YoY Change | -0.96% | -0.93% | 5.06% |
| Cash From Operating Activities | $1.098B | $260.4M | $868.9M |
| YoY Change | 26.41% | 20.33% | 50.12% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$132.5M | -$38.10M | -$185.0M |
| YoY Change | -28.39% | -1.3% | 37.44% |
| Acquisitions | $12.00M | -$149.0K | |
| YoY Change | -8153.69% | ||
| Other Investing Activities | $252.8M | -$239.1M | -$384.8M |
| YoY Change | -165.71% | -260.58% | 1649.09% |
| Cash From Investing Activities | $120.4M | -$277.2M | -$569.8M |
| YoY Change | -121.12% | -351.54% | 263.62% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | $65.98M | $66.48M | |
| YoY Change | -0.76% | ||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -1.009B | -14.90M | -158.3M |
| YoY Change | 537.13% | -89.82% | -72.44% |
| NET CHANGE | |||
| Cash From Operating Activities | 1.098B | 260.4M | 868.9M |
| Cash From Investing Activities | 120.4M | -277.2M | -569.8M |
| Cash From Financing Activities | -1.009B | -14.90M | -158.3M |
| Net Change In Cash | 210.1M | -31.70M | 140.8M |
| YoY Change | 49.25% | -117.59% | -192.51% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $1.098B | $260.4M | $868.9M |
| Capital Expenditures | -$132.5M | -$38.10M | -$185.0M |
| Free Cash Flow | $1.231B | $298.5M | $1.054B |
| YoY Change | 16.79% | 17.06% | 47.73% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Assets
Assets
|
3809425000 | |
| CY2020 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
901015000 | |
| CY2020Q4 | us-gaap |
Assets
Assets
|
3652346000 | |
| CY2019 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
525772000 | |
| CY2019Q4 | us-gaap |
Assets
Assets
|
2787014000 | |
| CY2021 | us-gaap |
Revenues
Revenues
|
3702881000 | |
| CY2020 | us-gaap |
Revenues
Revenues
|
3121469000 | |
| CY2021 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
MA | |
| CY2021 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
MA | |
| CY2021 | us-gaap |
Revenues
Revenues
|
3702881000 | |
| CY2021 | us-gaap |
Revenues
Revenues
|
3702881000 | |
| CY2020 | us-gaap |
Revenues
Revenues
|
3121469000 | |
| CY2020 | us-gaap |
Revenues
Revenues
|
3121469000 | |
| CY2019 | us-gaap |
Revenues
Revenues
|
2294965000 | |
| CY2019 | us-gaap |
Revenues
Revenues
|
2294965000 | |
| CY2020 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
|
8852000 | |
| CY2020 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
|
-23271000 | |
| CY2021 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
|
-7227000 | |
| CY2021 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
9956000 | |
| CY2020 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
6989000 | |
| CY2019 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
2698000 | |
| CY2021 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
7435000 | |
| CY2020 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
8528000 | |
| CY2019 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
4909000 | |
| CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1160955000 | |
| CY2019 | us-gaap |
Revenues
Revenues
|
2294965000 |
