2021 Q4 Form 10-K Financial Statement

#000114036122009150 Filed on March 11, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021
Revenue $105.3M $109.9M $445.5M
YoY Change 0.0% 5.5% 9.96%
Cost Of Revenue $54.95M $55.64M $227.6M
YoY Change 2.71% -0.42% 5.82%
Gross Profit $50.33M $54.27M $217.8M
YoY Change -3.79% 12.34% 14.66%
Gross Profit Margin 47.81% 49.38% 48.9%
Selling, General & Admin $22.59M $31.17M $127.5M
YoY Change -20.46% -3.47% 1.55%
% of Gross Profit 44.88% 57.43% 58.54%
Research & Development $1.100M
YoY Change -15.38%
% of Gross Profit 0.5%
Depreciation & Amortization $1.268M $1.244M $5.012M
YoY Change 2.26% -3.27% -0.12%
% of Gross Profit 2.52% 2.29% 2.3%
Operating Expenses $22.59M $31.17M $128.6M
YoY Change -20.46% -3.47% 1.38%
Operating Profit $27.74M $22.38M $90.32M
YoY Change 16.0% 39.66% 40.19%
Interest Expense -$12.06M -$5.397M -$20.50M
YoY Change 141.18% 52.5% 52.0%
% of Operating Profit -43.47% -24.12% -22.7%
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Pretax Income $14.14M $17.51M $65.30M
YoY Change -15.31% 55.0% 30.22%
Income Tax $2.889M $4.073M $14.04M
% Of Pretax Income 20.43% 23.26% 21.5%
Net Earnings $11.45M $13.47M $52.06M
YoY Change -20.34% 49.31% 36.31%
Net Earnings / Revenue 10.88% 12.25% 11.69%
Basic Earnings Per Share $0.61 $0.71 $2.75
Diluted Earnings Per Share $0.57 $0.65 $2.52
COMMON SHARES
Basic Shares Outstanding 18.87M 18.90M 18.92M
Diluted Shares Outstanding 22.36M 22.38M

Balance Sheet

Concept 2021 Q4 2021 Q3 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $128.3M $130.6M $128.3M
YoY Change 206.99% 93.7% 206.99%
Cash & Equivalents $128.3M $130.6M
Short-Term Investments
Other Short-Term Assets $26.75M $27.11M $26.75M
YoY Change 1.12% 29.46% 1.31%
Inventory $87.61M $98.61M $87.61M
Prepaid Expenses
Receivables $6.496M $8.507M $6.496M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $249.2M $264.8M $249.2M
YoY Change 52.49% 55.32% 52.49%
LONG-TERM ASSETS
Property, Plant & Equipment $18.65M $17.60M $33.70M
YoY Change 20.14% 25.66% 0.91%
Goodwill $162.3M
YoY Change 1.7%
Intangibles $87.49M
YoY Change 10.15%
Long-Term Investments $25.65M $32.75M $33.65M
YoY Change 6.79% 504.11% 40.2%
Other Assets $35.40M $42.81M $35.22M
YoY Change 31.91% 390.88% -2.43%
Total Long-Term Assets $352.4M $358.9M $352.4M
YoY Change 5.94% 16.25% 5.95%
TOTAL ASSETS
Total Short-Term Assets $249.2M $264.8M $249.2M
Total Long-Term Assets $352.4M $358.9M $352.4M
Total Assets $601.6M $623.7M $601.6M
YoY Change 21.27% 30.15% 21.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.361M $13.15M $7.361M
YoY Change -20.0% 20.01% -19.99%
Accrued Expenses $32.94M $33.35M $30.88M
YoY Change -6.5% 4.19% -0.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $7.485M $0.00
YoY Change -100.0% -37.63% -100.0%
Total Short-Term Liabilities $40.34M $54.06M $40.34M
YoY Change -28.77% -1.66% -28.73%
LONG-TERM LIABILITIES
Long-Term Debt $414.2M $413.6M $414.2M
YoY Change 37.09% 45.72% 37.1%
Other Long-Term Liabilities $0.00 $0.00 $13.34M
YoY Change -100.0% -100.0% -32.65%
Total Long-Term Liabilities $414.2M $413.6M $427.5M
YoY Change 35.43% 43.6% 32.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.34M $54.06M $40.34M
Total Long-Term Liabilities $414.2M $413.6M $427.5M
Total Liabilities $467.8M $486.0M $470.2M
YoY Change 23.58% 34.29% 22.88%
SHAREHOLDERS EQUITY
Retained Earnings $71.46M
YoY Change 202.22%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $30.67M
YoY Change 300.16%
Treasury Stock Shares $1.295M
Shareholders Equity $131.4M $137.7M $131.4M
YoY Change
Total Liabilities & Shareholders Equity $601.6M $623.7M $601.6M
YoY Change 21.27% 30.15% 21.28%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021
OPERATING ACTIVITIES
Net Income $11.45M $13.47M $52.06M
YoY Change -20.34% 49.31% 36.31%
Depreciation, Depletion And Amortization $1.268M $1.244M $5.012M
YoY Change 2.26% -3.27% -0.12%
Cash From Operating Activities $18.65M $12.15M $68.22M
YoY Change 77.98% -22.46% 56.18%
INVESTING ACTIVITIES
Capital Expenditures -$1.765M $2.223M $6.156M
YoY Change -35.11% 51.84% 0.34%
Acquisitions $16.42M
YoY Change -58.38%
Other Investing Activities -$4.829M -$15.63M -$52.68M
YoY Change -76.96% -39182.5% -10.24%
Cash From Investing Activities -$6.594M -$17.85M -$58.84M
YoY Change -72.14% 1157.32% -9.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $38.68M
YoY Change 279.53%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.24M -15.88M 57.07M
YoY Change 54.51% 97.82% -294.5%
NET CHANGE
Cash From Operating Activities 18.65M 12.15M 68.22M
Cash From Investing Activities -6.594M -17.85M -58.84M
Cash From Financing Activities -19.24M -15.88M 57.07M
Net Change In Cash -7.179M -21.59M 66.45M
YoY Change -72.0% -447.09% -231.61%
FREE CASH FLOW
Cash From Operating Activities $18.65M $12.15M $68.22M
Capital Expenditures -$1.765M $2.223M $6.156M
Free Cash Flow $20.42M $9.927M $62.06M
YoY Change 54.67% -30.12% 65.31%

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