2021 Q4 Form 10-K Financial Statement

#000089975122000010 Filed on March 03, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $487.7M $1.780B $326.9M
YoY Change 49.18% 41.36% 8.32%
Cost Of Revenue $427.7M $1.543B $290.9M
YoY Change 47.04% 36.5% 1.78%
Gross Profit $59.94M $237.5M $36.00M
YoY Change 66.5% 107.79% 96.38%
Gross Profit Margin 12.29% 13.34% 11.01%
Selling, General & Admin $32.96M $131.8M $31.10M
YoY Change 5.98% 0.63% 0.0%
% of Gross Profit 54.99% 55.47% 86.39%
Research & Development $2.653M $10.10M $2.200M
YoY Change 20.59% 12.27% -8.33%
% of Gross Profit 4.43% 4.25% 6.11%
Depreciation & Amortization $11.65M $47.99M $14.30M
YoY Change -18.56% -12.19% 9.16%
% of Gross Profit 19.43% 20.2% 39.72%
Operating Expenses $35.61M $141.9M $33.30M
YoY Change 6.95% 1.38% -0.6%
Operating Profit $24.33M $85.18M $2.700M
YoY Change 800.93% -340.94% -117.8%
Interest Expense -$4.978M $32.22M -$8.600M
YoY Change -42.12% 5.46% 34.38%
% of Operating Profit -20.46% 37.83% -318.52%
Other Income/Expense, Net $205.0K $2.086M $1.400M
YoY Change -85.36% -88.9% 75.0%
Pretax Income $19.51M -$5.862M -$14.90M
YoY Change -230.95% -84.05% -35.5%
Income Tax -$8.778M $1.149M $4.600M
% Of Pretax Income -44.99%
Net Earnings $27.60M $49.59M -$17.20M
YoY Change -260.45% -182.11% -30.74%
Net Earnings / Revenue 5.66% 2.79% -5.26%
Basic Earnings Per Share $0.80
Diluted Earnings Per Share $436.9K $0.79 -$280.1K
COMMON SHARES
Basic Shares Outstanding 62.38M shares 62.10M shares 61.38M shares
Diluted Shares Outstanding 62.69M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $98.11M $98.11M $117.4M
YoY Change -16.43% -16.43% 75.75%
Cash & Equivalents $98.11M $98.11M $117.4M
Short-Term Investments
Other Short-Term Assets $3.349M $42.93M $2.422M
YoY Change 38.27% 0.07% 608.19%
Inventory $392.6M $392.6M $293.7M
Prepaid Expenses $22.24M $24.01M
Receivables $255.2M $255.2M $193.0M
Other Receivables $0.00 $24.47M $0.00
Total Short-Term Assets $813.3M $813.3M $658.6M
YoY Change 23.49% 23.49% 1.1%
LONG-TERM ASSETS
Property, Plant & Equipment $301.1M $322.1M $319.9M
YoY Change -5.86% -6.43% -12.99%
Goodwill
YoY Change
Intangibles $1.498M $1.975M
YoY Change -24.15% -79.78%
Long-Term Investments $0.00 $0.00
YoY Change
Other Assets $30.50M $44.33M $26.48M
YoY Change 15.15% 63.58% -61.62%
Total Long-Term Assets $68.27M $369.4M $53.43M
YoY Change 27.78% -1.05% -43.9%
TOTAL ASSETS
Total Short-Term Assets $813.3M $813.3M $658.6M
Total Long-Term Assets $68.27M $369.4M $53.43M
Total Assets $1.183B $1.183B $1.032B
YoY Change 14.61% 14.61% -7.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $278.1M $278.1M $167.2M
YoY Change 66.32% 66.33% 5.4%
Accrued Expenses $6.180M $91.62M $7.500M
YoY Change -17.6% 12.55% 11.94%
Deferred Revenue $9.311M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $34.88M $34.88M $31.70M
YoY Change 10.04% 10.04% -48.29%
Total Short-Term Liabilities $450.8M $450.8M $329.7M
YoY Change 36.73% 36.73% 0.78%
LONG-TERM LIABILITIES
Long-Term Debt $456.3M $456.3M $435.7M
YoY Change 4.73% 4.73% -0.64%
Other Long-Term Liabilities $48.27M $44.39M $63.43M
YoY Change -23.9% -27.7% -18.71%
Total Long-Term Liabilities $48.27M $500.7M $63.43M
YoY Change -23.9% 0.73% -18.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $450.8M $450.8M $329.7M
Total Long-Term Liabilities $48.27M $500.7M $63.43M
Total Liabilities $955.5M $953.4M $830.6M
YoY Change 15.04% 11.82% -2.32%
SHAREHOLDERS EQUITY
Retained Earnings -$85.44M -$135.0M
YoY Change -36.72% 81.65%
Common Stock $562.3M $532.7M
YoY Change 5.56% 0.13%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.121M $1.199M
YoY Change -6.51% -71.68%
Treasury Stock Shares 89.61K shares 100.0K shares
Shareholders Equity $229.3M $229.3M $179.3M
YoY Change
Total Liabilities & Shareholders Equity $1.183B $1.183B $1.032B
YoY Change 14.61% 14.61% -7.4%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $27.60M $49.59M -$17.20M
YoY Change -260.45% -182.11% -30.74%
Depreciation, Depletion And Amortization $11.65M $47.99M $14.30M
YoY Change -18.56% -12.19% 9.16%
Cash From Operating Activities $13.02M $10.73M $9.800M
YoY Change 32.82% -81.26% -30.99%
INVESTING ACTIVITIES
Capital Expenditures -$14.55M $38.80M -$8.300M
YoY Change 75.33% 78.98% -17.82%
Acquisitions
YoY Change
Other Investing Activities $64.00K -$1.203M $16.20M
YoY Change -99.6% -91.02% 14.08%
Cash From Investing Activities -$14.49M -$37.60M $7.800M
YoY Change -285.74% -213.18% 95.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.671M $13.95M -4.700M
YoY Change -241.94% -136.16% -85.27%
NET CHANGE
Cash From Operating Activities 13.02M $10.73M 9.800M
Cash From Investing Activities -14.49M -$37.60M 7.800M
Cash From Financing Activities 6.671M $13.95M -4.700M
Net Change In Cash 5.199M -$12.93M 12.90M
YoY Change -59.7% -124.91% -194.16%
FREE CASH FLOW
Cash From Operating Activities $13.02M $10.73M $9.800M
Capital Expenditures -$14.55M $38.80M -$8.300M
Free Cash Flow $27.57M -$28.08M $18.10M
YoY Change 52.31% -178.98% -25.51%

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CY2020Q4 us-gaap Prepaid Expense Current And Noncurrent
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CY2020Q4 us-gaap Prepaid Expense Noncurrent
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CY2020 us-gaap Product Warranty Accrual Warranties Issued
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1750000 USD
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720000 USD
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257000 USD
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871000 USD
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CY2020 us-gaap Insurance Recoveries
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8600000 USD
CY2019 us-gaap Insurance Recoveries
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CY2021 us-gaap Gain Loss On Sale Of Properties
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CY2020 us-gaap Gain Loss On Sale Of Properties
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4855000 USD
CY2019 us-gaap Gain Loss On Sale Of Properties
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CY2021 us-gaap Gain Loss On Sale Of Investments
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CY2020 us-gaap Gain Loss On Sale Of Investments
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CY2019 us-gaap Gain Loss On Sale Of Investments
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CY2019 us-gaap Other Nonoperating Income Expense
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CY2021 us-gaap Nonoperating Income Expense
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CY2020 us-gaap Nonoperating Income Expense
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CY2019 us-gaap Nonoperating Income Expense
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CY2019 us-gaap Rental Income Nonoperating
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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4190000 USD
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51040000 USD
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CY2019 us-gaap Current State And Local Tax Expense Benefit
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1100000 USD
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300000 USD
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0.040
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7570000 USD
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7272000 USD
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31062000 USD
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0
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P3Y9M14D
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P3Y9M14D
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237900000 USD
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