2021 Q1 Form 10-Q Financial Statement

#000153080421000009 Filed on April 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $891.0M $722.0M
YoY Change 23.41% 85.13%
Cost Of Revenue $687.0M $547.0M
YoY Change 25.59% 78.18%
Gross Profit $206.0M $175.0M
YoY Change 17.71% 110.84%
Gross Profit Margin 23.12% 24.24%
Selling, General & Admin $81.00M $94.00M
YoY Change -13.83% 40.3%
% of Gross Profit 39.32% 53.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $84.00M $71.00M
YoY Change 18.31% 51.06%
% of Gross Profit 40.78% 40.57%
Operating Expenses $81.00M $94.00M
YoY Change -13.83% 40.3%
Operating Profit $125.0M $79.00M
YoY Change 58.23% 393.75%
Interest Expense $50.00M $45.00M
YoY Change 11.11% -8.16%
% of Operating Profit 40.0% 56.96%
Other Income/Expense, Net -$10.00M $10.00M
YoY Change -200.0% -600.0%
Pretax Income $32.00M $47.00M
YoY Change -31.91% -267.86%
Income Tax $6.000M $7.000M
% Of Pretax Income 18.75% 14.89%
Net Earnings $19.00M $32.00M
YoY Change -40.63% -194.12%
Net Earnings / Revenue 2.13% 4.43%
Basic Earnings Per Share $0.13 $0.23
Diluted Earnings Per Share $0.12 $0.22
COMMON SHARES
Basic Shares Outstanding 147.1M shares 142.7M shares
Diluted Shares Outstanding 153.9M shares 143.6M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $759.0M $420.0M
YoY Change 80.71% -60.67%
Cash & Equivalents $759.0M $420.0M
Short-Term Investments
Other Short-Term Assets $171.0M $124.0M
YoY Change 37.9% -82.66%
Inventory $1.052B $1.054B
Prepaid Expenses
Receivables $652.0M $554.0M
Other Receivables $6.000M $6.000M
Total Short-Term Assets $2.640B $2.158B
YoY Change 22.34% -16.06%
LONG-TERM ASSETS
Property, Plant & Equipment $2.583B $2.505B
YoY Change 3.11% 36.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $177.0M $158.0M
YoY Change 12.03% 8.97%
Total Long-Term Assets $3.983B $2.972B
YoY Change 34.02% 37.91%
TOTAL ASSETS
Total Short-Term Assets $2.640B $2.158B
Total Long-Term Assets $3.983B $2.972B
Total Assets $6.623B $5.130B
YoY Change 29.1% 8.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $378.0M $280.0M
YoY Change 35.0% 86.67%
Accrued Expenses $308.0M $346.0M
YoY Change -10.98% 160.15%
Deferred Revenue $8.000M $3.000M
YoY Change 166.67%
Short-Term Debt $0.00 $212.0M
YoY Change -100.0% 125.53%
Long-Term Debt Due $514.0M $30.00M
YoY Change 1613.33% -48.28%
Total Short-Term Liabilities $1.254B $911.0M
YoY Change 37.65% 106.11%
LONG-TERM LIABILITIES
Long-Term Debt $2.901B $2.954B
YoY Change -1.79% -8.35%
Other Long-Term Liabilities $33.00M $43.00M
YoY Change -23.26% -80.63%
Total Long-Term Liabilities $33.00M $43.00M
YoY Change -23.26% -98.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.254B $911.0M
Total Long-Term Liabilities $33.00M $43.00M
Total Liabilities $4.766B $4.451B
YoY Change 7.08% 7.25%
SHAREHOLDERS EQUITY
Retained Earnings $440.0M -$471.0M
YoY Change -193.42%
Common Stock $2.040B $1.853B
YoY Change 10.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.812B $553.0M
YoY Change
Total Liabilities & Shareholders Equity $6.623B $5.130B
YoY Change 29.1% 8.55%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $19.00M $32.00M
YoY Change -40.63% -194.12%
Depreciation, Depletion And Amortization $84.00M $71.00M
YoY Change 18.31% 51.06%
Cash From Operating Activities $135.0M -$28.00M
YoY Change -582.14% -171.79%
INVESTING ACTIVITIES
Capital Expenditures -$58.00M -$38.00M
YoY Change 52.63% 52.0%
Acquisitions
YoY Change
Other Investing Activities $1.000M $0.00
YoY Change -100.0%
Cash From Investing Activities -$57.00M -$38.00M
YoY Change 50.0% -24.0%
FINANCING ACTIVITIES
Cash Dividend Paid $14.00M $10.00M
YoY Change 40.0% 42.86%
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $2.260B $7.000M
YoY Change 32185.71% -93.07%
Cash From Financing Activities $48.00M $193.0M
YoY Change -75.13% 286.0%
NET CHANGE
Cash From Operating Activities $135.0M -$28.00M
Cash From Investing Activities -$57.00M -$38.00M
Cash From Financing Activities $48.00M $193.0M
Net Change In Cash $119.0M $118.0M
YoY Change 0.85% 210.53%
FREE CASH FLOW
Cash From Operating Activities $135.0M -$28.00M
Capital Expenditures -$58.00M -$38.00M
Free Cash Flow $193.0M $10.00M
YoY Change 1830.0% -84.38%

Facts In Submission

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1710000000 USD
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CY2021Q1 us-gaap Accrued Liabilities Current
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308000000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
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350000000 USD
CY2021Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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125000000 USD
CY2020Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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3356000000 USD
CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2020Q4 us-gaap Deferred Finance Costs Net
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CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations
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CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2021Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
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45000000 USD
CY2021Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
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45000000 USD
CY2021Q1 trox Cash Flow Hedge Gain Loss To Be Reclassified Remainder Of The Year
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34000000 USD
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CY2020Q1 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
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CY2021Q1 us-gaap Asset Retirement Obligation Liabilities Settled
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CY2020Q1 us-gaap Asset Retirement Obligation Liabilities Settled
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CY2021Q1 trox Asset Retirement Obligation Liabilities Transferred In Upon Acquisition
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CY2020Q1 trox Asset Retirement Obligation Liabilities Transferred In Upon Acquisition
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CY2021Q1 us-gaap Asset Retirement Obligation
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163000000 USD
CY2020Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
142000000 USD
CY2021Q1 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
7000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
9000000 USD
CY2021Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
156000000 USD
CY2020Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
157000000 USD
CY2021Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
163000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
166000000 USD
CY2021Q1 us-gaap Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
UnrecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
169000000 USD
CY2021Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
85000000 USD
CY2021Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
64000000 USD
CY2021Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
57000000 USD
CY2021Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
44000000 USD
CY2021Q1 trox Unrecorded Unconditional Purchase Obligation Due After Four Years
UnrecordedUnconditionalPurchaseObligationDueAfterFourYears
136000000 USD
CY2021Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
67000000 USD
CY2021Q1 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
60000000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
45000000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y3M18D
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
2000000 USD
CY2021Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
11193 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
200000 USD

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