2022 Q4 Form 10-Q Financial Statement

#000153080422000020 Filed on October 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $649.0M $895.0M
YoY Change -26.58% 2.87%
Cost Of Revenue $544.0M $663.0M
YoY Change -18.32% 4.25%
Gross Profit $105.0M $232.0M
YoY Change -51.83% -4.92%
Gross Profit Margin 16.18% 25.92%
Selling, General & Admin $69.00M $69.00M
YoY Change 21.05% -9.21%
% of Gross Profit 65.71% 29.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $68.00M $51.00M
YoY Change -2.86% -7.27%
% of Gross Profit 64.76% 21.98%
Operating Expenses $69.00M $69.00M
YoY Change 4.55% -9.21%
Operating Profit $36.00M $163.0M
YoY Change -76.32% -2.98%
Interest Expense -$30.00M $32.00M
YoY Change 2900.0% -13.51%
% of Operating Profit -83.33% 19.63%
Other Income/Expense, Net -$25.00M $8.000M
YoY Change 4.17% -33.33%
Pretax Income -$19.00M $141.0M
YoY Change -118.27% 0.0%
Income Tax -$5.000M $18.00M
% Of Pretax Income 12.77%
Net Earnings -$15.00M $121.0M
YoY Change -118.07% 9.01%
Net Earnings / Revenue -2.31% 13.52%
Basic Earnings Per Share $0.78
Diluted Earnings Per Share -$0.10 $0.77
COMMON SHARES
Basic Shares Outstanding 154.5M shares 154.4M shares
Diluted Shares Outstanding 156.9M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $164.0M $91.00M
YoY Change -28.07% -70.55%
Cash & Equivalents $164.0M $91.00M
Short-Term Investments
Other Short-Term Assets $135.0M $155.0M
YoY Change -0.74% 2.65%
Inventory $1.278B $1.132B
Prepaid Expenses
Receivables $377.0M $584.0M
Other Receivables $6.000M $5.000M
Total Short-Term Assets $1.960B $1.967B
YoY Change -4.34% -6.42%
LONG-TERM ASSETS
Property, Plant & Equipment $1.830B $2.524B
YoY Change 7.02% -1.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $196.0M $201.0M
YoY Change 1.03% 10.44%
Total Long-Term Assets $4.346B $4.192B
YoY Change 10.36% 6.37%
TOTAL ASSETS
Total Short-Term Assets $1.960B $1.967B
Total Long-Term Assets $4.346B $4.192B
Total Assets $6.306B $6.159B
YoY Change 5.33% 1.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $486.0M $426.0M
YoY Change 10.96% 8.12%
Accrued Expenses $252.0M $262.0M
YoY Change -23.17% -19.63%
Deferred Revenue $1.000M $1.000M
YoY Change -50.0% -66.67%
Short-Term Debt $50.00M $84.00M
YoY Change
Long-Term Debt Due $24.00M $22.00M
YoY Change 33.33% 214.29%
Total Short-Term Liabilities $850.0M $838.0M
YoY Change 3.41% 7.57%
LONG-TERM LIABILITIES
Long-Term Debt $2.464B $2.463B
YoY Change -3.67% -7.93%
Other Long-Term Liabilities $33.00M $30.00M
YoY Change 3.13% -9.09%
Total Long-Term Liabilities $33.00M $30.00M
YoY Change 3.13% -9.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $850.0M $838.0M
Total Long-Term Liabilities $33.00M $30.00M
Total Liabilities $3.903B $3.837B
YoY Change -1.06% -5.12%
SHAREHOLDERS EQUITY
Retained Earnings $1.080B $1.116B
YoY Change 62.9% 87.25%
Common Stock $2.045B $2.040B
YoY Change -1.16% -0.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.357B $2.271B
YoY Change
Total Liabilities & Shareholders Equity $6.306B $6.159B
YoY Change 5.33% 1.92%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$15.00M $121.0M
YoY Change -118.07% 9.01%
Depreciation, Depletion And Amortization $68.00M $51.00M
YoY Change -2.86% -7.27%
Cash From Operating Activities $240.0M $137.0M
YoY Change 72.66% -46.48%
INVESTING ACTIVITIES
Capital Expenditures $114.0M -$112.0M
YoY Change -228.09% 72.31%
Acquisitions
YoY Change
Other Investing Activities $10.00M $2.000M
YoY Change 900.0%
Cash From Investing Activities -$104.0M -$110.0M
YoY Change 18.18% 69.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -66.00M -41.00M
YoY Change -47.2% -77.09%
NET CHANGE
Cash From Operating Activities 240.0M 137.0M
Cash From Investing Activities -104.0M -110.0M
Cash From Financing Activities -66.00M -41.00M
Net Change In Cash 70.00M -14.00M
YoY Change -194.59% -216.67%
FREE CASH FLOW
Cash From Operating Activities $240.0M $137.0M
Capital Expenditures $114.0M -$112.0M
Free Cash Flow $126.0M $249.0M
YoY Change -44.74% -22.43%

Facts In Submission

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