2023 Q2 Form 10-Q Financial Statement

#000161154723000030 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $99.07M $99.44M
YoY Change 1.24% -0.76%
Cost Of Revenue $34.99M $36.26M
YoY Change -3.18% -10.06%
Gross Profit $64.08M $63.18M
YoY Change 3.83% 5.51%
Gross Profit Margin 64.68% 63.54%
Selling, General & Admin $9.907M $9.058M
YoY Change -6.84% -18.55%
% of Gross Profit 15.46% 14.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.34M $25.81M
YoY Change 4.58% 3.38%
% of Gross Profit 41.1% 40.85%
Operating Expenses $35.42M $34.14M
YoY Change 0.27% -4.22%
Operating Profit $28.66M $29.04M
YoY Change 8.59% 19.82%
Interest Expense -$17.57M -$14.78M
YoY Change 25.24% 7.12%
% of Operating Profit -61.29% -50.9%
Other Income/Expense, Net
YoY Change
Pretax Income $10.60M -$19.44M
YoY Change -16.64% -286.22%
Income Tax $41.00K $706.0K
% Of Pretax Income 0.39%
Net Earnings $10.25M -$19.12M
YoY Change -11.8% -301.54%
Net Earnings / Revenue 10.35% -19.23%
Basic Earnings Per Share $0.09 -$0.16
Diluted Earnings Per Share $0.09 -$0.16
COMMON SHARES
Basic Shares Outstanding 117.6M shares 117.5M shares
Diluted Shares Outstanding 117.6M shares 117.5M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $48.93M $62.14M
YoY Change -61.01% -59.06%
Cash & Equivalents $48.93M $62.14M
Short-Term Investments
Other Short-Term Assets $14.33M $18.10M
YoY Change 7.01% 54.07%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $129.7M $145.8M
YoY Change -36.0% -35.7%
LONG-TERM ASSETS
Property, Plant & Equipment $2.567B $2.566B
YoY Change 0.2% 1.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $112.6M $117.0M
YoY Change 7.86% 10.85%
Total Long-Term Assets $2.773B $2.778B
YoY Change 0.21% 1.59%
TOTAL ASSETS
Total Short-Term Assets $129.7M $145.8M
Total Long-Term Assets $2.773B $2.778B
Total Assets $2.903B $2.924B
YoY Change -2.26% -1.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $98.98M $105.7M
YoY Change 4.16% 9.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $107.3M $113.8M
YoY Change 5.01% 9.93%
LONG-TERM LIABILITIES
Long-Term Debt $1.686B $1.690B
YoY Change -0.97% 0.24%
Other Long-Term Liabilities $123.0M $127.4M
YoY Change -4.15% -2.46%
Total Long-Term Liabilities $1.809B $1.817B
YoY Change -1.19% 0.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $107.3M $113.8M
Total Long-Term Liabilities $1.809B $1.817B
Total Liabilities $1.971B $1.931B
YoY Change 1.97% 0.58%
SHAREHOLDERS EQUITY
Retained Earnings -$82.59M -$74.03M
YoY Change 250.42% 351.45%
Common Stock $1.175M $1.174M
YoY Change 0.17% 0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $931.7M $938.0M
YoY Change
Total Liabilities & Shareholders Equity $2.903B $2.924B
YoY Change -2.26% -1.27%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $10.25M -$19.12M
YoY Change -11.8% -301.54%
Depreciation, Depletion And Amortization $26.34M $25.81M
YoY Change 4.58% 3.38%
Cash From Operating Activities $39.03M $29.42M
YoY Change 7.06% 19.99%
INVESTING ACTIVITIES
Capital Expenditures $33.66M $23.15M
YoY Change -154.9% -200.59%
Acquisitions
YoY Change
Other Investing Activities $0.00 $356.0K
YoY Change -100.0%
Cash From Investing Activities -$33.66M -$22.80M
YoY Change -44.78% -0.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $5.028M
YoY Change 13.73%
Cash From Financing Activities -23.13M -$24.21M
YoY Change 945.66% 3.86%
NET CHANGE
Cash From Operating Activities 39.03M $29.42M
Cash From Investing Activities -33.66M -$22.80M
Cash From Financing Activities -23.13M -$24.21M
Net Change In Cash -17.76M -$17.59M
YoY Change -33.5% -19.35%
FREE CASH FLOW
Cash From Operating Activities $39.03M $29.42M
Capital Expenditures $33.66M $23.15M
Free Cash Flow $5.370M $6.269M
YoY Change -94.51% -86.81%

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CY2023Q1 ue Below Market Lease Net Of Above Market Lease Amortization Income Reminderof Fiscal Year
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217700000 usd
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6749000 usd
CY2023Q1 us-gaap Deposit Assets
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12080000 usd
CY2023Q1 us-gaap Prepaid Insurance
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9189000 usd
CY2022Q4 us-gaap Prepaid Insurance
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1391000 usd
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33753000 usd
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CY2023Q1 us-gaap Interest Expense Debt
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CY2023Q1 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
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CY2023Q1 us-gaap Interest And Debt Expense
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CY2023Q1 us-gaap Stock Repurchase Program Authorized Amount1
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CY2020Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
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CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q1 us-gaap Undistributed Earnings Diluted
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CY2022Q1 us-gaap Undistributed Earnings Diluted
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CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
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CY2022Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
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CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q1 us-gaap Earnings Per Share Basic
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CY2022Q1 us-gaap Earnings Per Share Diluted
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0.08

Files In Submission

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0001611547-23-000030.txt Edgar Link pending
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exhibit311certofceo-sox302.htm Edgar Link pending
exhibit312certofcfo-sox302.htm Edgar Link pending
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exhibit314certofcfo-sox302.htm Edgar Link pending
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