2022 Q2 Form 10-Q Financial Statement
#000119312522143504 Filed on May 06, 2022
Income Statement
| Concept | 2022 Q2 | 2021 Q2 |
|---|---|---|
| Revenue | $755.4M | $781.6M |
| YoY Change | -3.36% | -6.8% |
| Cost Of Revenue | $300.4M | $320.0M |
| YoY Change | -6.11% | -12.85% |
| Gross Profit | $454.9M | $461.6M |
| YoY Change | -1.44% | -2.09% |
| Gross Profit Margin | 60.23% | 59.06% |
| Selling, General & Admin | $140.2M | $129.8M |
| YoY Change | 8.0% | 14.6% |
| % of Gross Profit | 30.81% | 28.12% |
| Research & Development | $108.1M | $100.4M |
| YoY Change | 7.69% | 6.69% |
| % of Gross Profit | 23.77% | 21.75% |
| Depreciation & Amortization | $27.74M | $33.70M |
| YoY Change | -17.7% | 3.37% |
| % of Gross Profit | 6.1% | 7.3% |
| Operating Expenses | $253.4M | $235.7M |
| YoY Change | 7.49% | -7.03% |
| Operating Profit | $201.6M | $225.9M |
| YoY Change | -10.77% | 3.65% |
| Interest Expense | $2.291M | -$2.600M |
| YoY Change | -188.12% | -143.02% |
| % of Operating Profit | 1.14% | -1.15% |
| Other Income/Expense, Net | -$7.787M | -$6.400M |
| YoY Change | 21.67% | -259.32% |
| Pretax Income | $180.4M | $224.0M |
| YoY Change | -19.48% | 3.08% |
| Income Tax | $18.43M | $18.50M |
| % Of Pretax Income | 10.22% | 8.26% |
| Net Earnings | $161.9M | $205.5M |
| YoY Change | -21.2% | 8.78% |
| Net Earnings / Revenue | 21.44% | 26.29% |
| Basic Earnings Per Share | $1.00 | |
| Diluted Earnings Per Share | $922.3K | $1.095M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 162.0M | |
| Diluted Shares Outstanding | 175.6M |
Balance Sheet
| Concept | 2022 Q2 | 2021 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.077B | $1.309B |
| YoY Change | -17.78% | 37.08% |
| Cash & Equivalents | $794.6M | $831.1M |
| Short-Term Investments | $282.0M | $478.3M |
| Other Short-Term Assets | $491.5M | $347.7M |
| YoY Change | 41.37% | 45.97% |
| Inventory | $259.3M | $262.5M |
| Prepaid Expenses | ||
| Receivables | $546.9M | $581.5M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $2.374B | $2.501B |
| YoY Change | -5.07% | 19.44% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $467.2M | $454.0M |
| YoY Change | 2.91% | 10.79% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $126.1M | $115.6M |
| YoY Change | 9.11% | 8.04% |
| Other Assets | $151.7M | $118.6M |
| YoY Change | 27.91% | 8.91% |
| Total Long-Term Assets | $1.235B | $1.219B |
| YoY Change | 1.33% | 5.49% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $2.374B | $2.501B |
| Total Long-Term Assets | $1.235B | $1.219B |
| Total Assets | $3.609B | $3.720B |
| YoY Change | -2.97% | 14.48% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $156.5M | $177.5M |
| YoY Change | -11.83% | -3.64% |
| Accrued Expenses | $276.1M | $263.2M |
| YoY Change | 4.89% | -16.52% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $20.50M | $11.10M |
| YoY Change | 84.66% | |
| Total Short-Term Liabilities | $712.2M | $686.8M |
| YoY Change | 3.7% | -5.88% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $75.38M | $356.9M |
| YoY Change | -78.88% | -11.29% |
| Other Long-Term Liabilities | $342.1M | $340.6M |
| YoY Change | 0.45% | -5.55% |
| Total Long-Term Liabilities | $417.5M | $697.5M |
| YoY Change | -40.14% | -8.57% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $712.2M | $686.8M |
| Total Long-Term Liabilities | $417.5M | $697.5M |
| Total Liabilities | $1.135B | $1.394B |
| YoY Change | -18.6% | -7.36% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $201.5M | |
| YoY Change | ||
| Treasury Stock Shares | $1.800M | |
| Shareholders Equity | $2.475B | $2.325B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $3.609B | $3.720B |
| YoY Change | -2.97% | 14.48% |
Cashflow Statement
| Concept | 2022 Q2 | 2021 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $161.9M | $205.5M |
| YoY Change | -21.2% | 8.78% |
| Depreciation, Depletion And Amortization | $27.74M | $33.70M |
| YoY Change | -17.7% | 3.37% |
| Cash From Operating Activities | $7.462M | $38.10M |
| YoY Change | -80.41% | -82.91% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$44.00M | -$39.30M |
| YoY Change | 11.96% | -16.91% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$38.71M | $43.90M |
| YoY Change | -188.19% | -379.62% |
| Cash From Investing Activities | -$82.71M | $4.700M |
| YoY Change | -1859.85% | -107.46% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | $17.90M | $16.70M |
| YoY Change | 7.19% | |
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -254.6M | -126.7M |
| YoY Change | 100.97% | 379.92% |
| NET CHANGE | ||
| Cash From Operating Activities | 7.462M | 38.10M |
| Cash From Investing Activities | -82.71M | 4.700M |
| Cash From Financing Activities | -254.6M | -126.7M |
| Net Change In Cash | -329.9M | -83.90M |
| YoY Change | 293.18% | -162.85% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $7.462M | $38.10M |
| Capital Expenditures | -$44.00M | -$39.30M |
| Free Cash Flow | $51.46M | $77.40M |
| YoY Change | -33.51% | -71.35% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q2 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
16700000 | |
| CY2022Q2 | us-gaap |
Revenues
Revenues
|
755370000 | |
| CY2022Q2 | us-gaap |
Revenues
Revenues
|
755370000 | |
| CY2021Q2 | us-gaap |
Revenues
Revenues
|
781606000 | |
| CY2021Q2 | us-gaap |
Revenues
Revenues
|
781606000 | |
| CY2022Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
|
0 | |
| CY2021Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
|
-7227000 | |
| CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
180359000 | |
| CY2022Q2 | us-gaap |
Assets
Assets
|
3609154000 | |
| CY2021Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
223993000 | |
| CY2021Q2 | us-gaap |
Assets
Assets
|
3719717000 |
