2022 Q2 Form 10-Q Financial Statement

#000143774922010016 Filed on April 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $280.2M $258.1M $276.4M
YoY Change 0.39% -1.97% 1.25%
Cost Of Revenue $174.1M $159.2M $175.0M
YoY Change 6.03% 6.13% 6.25%
Gross Profit $106.1M $98.90M $101.4M
YoY Change -7.66% -12.71% -6.37%
Gross Profit Margin 37.87% 38.32% 36.69%
Selling, General & Admin $78.70M $76.60M $88.80M
YoY Change -8.7% -3.53% 0.79%
% of Gross Profit 74.18% 77.45% 87.57%
Research & Development $7.900M $7.700M $8.100M
YoY Change -4.82% 4.05% -6.9%
% of Gross Profit 7.45% 7.79% 7.99%
Depreciation & Amortization $12.10M $8.200M $13.50M
YoY Change -6.2% -1.2% -3.57%
% of Gross Profit 11.4% 8.29% 13.31%
Operating Expenses $86.60M $84.30M $96.90M
YoY Change -8.36% 9.48% 0.1%
Operating Profit $19.50M $14.60M $4.500M
YoY Change -4.41% -59.78% -60.87%
Interest Expense -$2.200M $300.0K -$1.200M
YoY Change -204.76% -92.31% -72.09%
% of Operating Profit -11.28% 2.05% -26.67%
Other Income/Expense, Net -$300.0K -$200.0K -$300.0K
YoY Change -250.0% -93.94% -200.0%
Pretax Income $20.30M $14.70M $11.60M
YoY Change 181.94% -55.45% 190.0%
Income Tax $3.700M $4.400M $3.700M
% Of Pretax Income 18.23% 29.93% 31.9%
Net Earnings $16.60M $10.30M $7.900M
YoY Change 69.39% -59.92% 216.0%
Net Earnings / Revenue 5.92% 3.99% 2.86%
Basic Earnings Per Share $0.90 $0.56
Diluted Earnings Per Share $888.5K $0.55 $420.5K
COMMON SHARES
Basic Shares Outstanding 18.58M 18.46M 18.54M
Diluted Shares Outstanding 18.68M shares 18.80M

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.80M $110.4M $123.6M
YoY Change -45.37% -36.99% -12.34%
Cash & Equivalents $73.80M $110.4M $123.6M
Short-Term Investments
Other Short-Term Assets $43.00M $30.50M $31.20M
YoY Change 36.51% 31.47% 24.8%
Inventory $188.6M $184.4M $160.6M
Prepaid Expenses
Receivables $215.7M $199.5M $211.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $521.1M $524.8M $526.8M
YoY Change -0.25% -1.07% 6.73%
LONG-TERM ASSETS
Property, Plant & Equipment $206.2M $171.2M $172.8M
YoY Change 19.81% 0.18% -6.85%
Goodwill $190.0M $193.1M
YoY Change -4.62% -7.07%
Intangibles $91.60M $98.00M
YoY Change -6.53% -22.35%
Long-Term Investments
YoY Change
Other Assets $34.50M $34.00M $29.70M
YoY Change 22.34% 52.47% 18.8%
Total Long-Term Assets $504.1M $525.4M $534.9M
YoY Change -9.82% -4.52% -9.19%
TOTAL ASSETS
Total Short-Term Assets $521.1M $524.8M $526.8M
Total Long-Term Assets $504.1M $525.4M $534.9M
Total Assets $1.025B $1.050B $1.062B
YoY Change -5.2% -2.83% -1.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $120.4M $120.0M $121.5M
YoY Change 1.6% 14.5% 14.3%
Accrued Expenses $50.40M $48.00M $92.70M
YoY Change -17.38% -2.04% 72.63%
Deferred Revenue $7.700M
YoY Change 30.51%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.200M $4.700M $4.200M
YoY Change 62.5% -87.09% -61.47%
Total Short-Term Liabilities $264.9M $266.4M $290.3M
YoY Change -6.82% -3.9% 14.16%
LONG-TERM LIABILITIES
Long-Term Debt $260.6M $276.9M $263.4M
YoY Change -2.03% 1.84% -11.49%
Other Long-Term Liabilities $47.80M $10.90M $10.60M
YoY Change 256.72% -65.18% -72.75%
Total Long-Term Liabilities $308.4M $346.5M $336.3M
YoY Change -14.24% -9.34% -20.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $264.9M $266.4M $290.3M
Total Long-Term Liabilities $308.4M $346.5M $336.3M
Total Liabilities $592.5M $612.9M $626.6M
YoY Change -7.98% -7.05% -7.38%
SHAREHOLDERS EQUITY
Retained Earnings $416.3M $410.6M
YoY Change 8.19% 13.02%
Common Stock $7.000M $7.000M
YoY Change 0.0% 1.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $432.7M $436.0M $433.8M
YoY Change
Total Liabilities & Shareholders Equity $1.025B $1.050B $1.062B
YoY Change -5.2% -2.83% -1.93%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $16.60M $10.30M $7.900M
YoY Change 69.39% -59.92% 216.0%
Depreciation, Depletion And Amortization $12.10M $8.200M $13.50M
YoY Change -6.2% -1.2% -3.57%
Cash From Operating Activities -$13.50M -$10.10M $6.500M
YoY Change -169.59% -154.89% -82.09%
INVESTING ACTIVITIES
Capital Expenditures -$5.500M $5.000M -$7.400M
YoY Change 77.42% 4.17% 68.18%
Acquisitions
YoY Change
Other Investing Activities $4.000M -$3.600M -$3.500M
YoY Change -114.57%
Cash From Investing Activities -$1.500M -$8.600M -$10.90M
YoY Change -51.61% -143.43% 147.73%
FINANCING ACTIVITIES
Cash Dividend Paid $4.600M
YoY Change 9.52%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.50M $8.300M -12.20M
YoY Change -63.91% -561.11% -33.33%
NET CHANGE
Cash From Operating Activities -13.50M -$10.10M 6.500M
Cash From Investing Activities -1.500M -$8.600M -10.90M
Cash From Financing Activities -20.50M $8.300M -12.20M
Net Change In Cash -35.50M -$13.20M -16.60M
YoY Change -12.35% -138.6% -222.06%
FREE CASH FLOW
Cash From Operating Activities -$13.50M -$10.10M $6.500M
Capital Expenditures -$5.500M $5.000M -$7.400M
Free Cash Flow -$8.000M -$15.10M $13.90M
YoY Change -135.56% -211.03% -65.85%

Facts In Submission

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142027

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