2022 Q1 Form 10-Q Financial Statement

#000010359522000002 Filed on March 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $537.4M $494.2M $522.8M
YoY Change 2.79% 0.83% 19.52%
Cost Of Revenue $387.8M $354.0M $381.0M
YoY Change 1.79% 0.53% 19.25%
Gross Profit $149.6M $140.2M $141.8M
YoY Change 5.47% 1.61% 20.26%
Gross Profit Margin 27.84% 28.36% 27.13%
Selling, General & Admin $126.5M $121.3M $126.4M
YoY Change 0.07% -2.51% 17.36%
% of Gross Profit 84.54% 86.52% 89.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.837M $8.712M $9.150M
YoY Change -3.42% -3.97% 17.34%
% of Gross Profit 5.91% 6.21% 6.45%
Operating Expenses $134.9M $129.6M $135.2M
YoY Change -0.19% -2.62% 17.06%
Operating Profit $14.66M $10.56M $6.603M
YoY Change 122.08% 116.17% 173.42%
Interest Expense $963.0K $970.0K $982.0K
YoY Change -1.93% -1.72% 72.89%
% of Operating Profit 6.57% 9.18% 14.87%
Other Income/Expense, Net
YoY Change
Pretax Income $14.61M $10.57M $6.495M
YoY Change 124.88% 120.63% 125.76%
Income Tax $4.477M $3.240M $1.940M
% Of Pretax Income 30.65% 30.66% 29.87%
Net Earnings $10.13M $7.328M $4.555M
YoY Change 122.37% 118.1% 127.18%
Net Earnings / Revenue 1.88% 1.48% 0.87%
Basic Earnings Per Share
Diluted Earnings Per Share $548.7K $397.1K $250.0K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $125.9M $105.1M $114.8M
YoY Change 9.67% 5.51% 52.25%
Cash & Equivalents $125.9M $105.1M $114.8M
Short-Term Investments
Other Short-Term Assets $20.51M $21.89M $23.61M
YoY Change -13.14% 6.28% -7.26%
Inventory $44.25M $46.02M $47.11M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $232.2M $222.4M $199.0M
YoY Change 16.71% 14.93% 34.92%
LONG-TERM ASSETS
Property, Plant & Equipment $269.2M $261.3M $261.5M
YoY Change 2.91% -1.46% 13.06%
Goodwill $24.19M $24.19M $24.19M
YoY Change 0.0% 0.0% 92.2%
Intangibles
YoY Change
Long-Term Investments $33.00M $33.00M $30.20M
YoY Change 9.28% 9.65% 4.86%
Other Assets $33.89M $36.37M $33.10M
YoY Change 2.39% 12.26% 93.57%
Total Long-Term Assets $665.1M $665.6M $706.6M
YoY Change -5.88% -6.03% 60.85%
TOTAL ASSETS
Total Short-Term Assets $232.2M $222.4M $199.0M
Total Long-Term Assets $665.1M $665.6M $706.6M
Total Assets $897.3M $888.0M $905.6M
YoY Change -0.92% -1.53% 54.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $79.09M $76.96M $81.10M
YoY Change -2.48% 0.08% 11.86%
Accrued Expenses $46.37M $44.94M $43.20M
YoY Change 7.33% 12.35% 38.02%
Deferred Revenue
YoY Change
Short-Term Debt $710.0K $629.0K $400.0K
YoY Change 77.5% -37.1%
Long-Term Debt Due $7.466M $6.976M $6.976M
YoY Change 7.02% 0.0% 1295.2%
Total Short-Term Liabilities $157.0M $154.1M $160.8M
YoY Change -2.32% -0.56% 29.43%
LONG-TERM LIABILITIES
Long-Term Debt $70.04M $65.04M $70.40M
YoY Change -0.51% -9.9% 132.35%
Other Long-Term Liabilities $290.5M $297.1M $314.7M
YoY Change -7.7% -6.39% 185.31%
Total Long-Term Liabilities $70.04M $65.04M $70.40M
YoY Change -0.51% -9.9% -49.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $157.0M $154.1M $160.8M
Total Long-Term Liabilities $70.04M $65.04M $70.40M
Total Liabilities $227.1M $219.1M $231.2M
YoY Change -1.77% -3.53% -12.71%
SHAREHOLDERS EQUITY
Retained Earnings $304.1M $297.2M $287.6M
YoY Change 5.73% 3.81% 5.59%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $355.3M $347.0M $336.3M
YoY Change
Total Liabilities & Shareholders Equity $897.3M $888.0M $905.6M
YoY Change -0.92% -1.53% 54.34%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $10.13M $7.328M $4.555M
YoY Change 122.37% 118.1% 127.18%
Depreciation, Depletion And Amortization $8.837M $8.712M $9.150M
YoY Change -3.42% -3.97% 17.34%
Cash From Operating Activities $32.39M $7.887M $28.26M
YoY Change 14.6% -335.22% 15.91%
INVESTING ACTIVITIES
Capital Expenditures -$17.14M $13.34M -$6.660M
YoY Change 157.36% 304.21% -57.77%
Acquisitions
YoY Change
Other Investing Activities $3.454M -$419.0K -$530.0K
YoY Change -751.7% -16.2% -92.97%
Cash From Investing Activities -$13.69M -$13.76M -$7.190M
YoY Change 90.35% 261.87% -69.15%
FINANCING ACTIVITIES
Cash Dividend Paid $3.264M
YoY Change 0.21%
Common Stock Issuance & Retirement, Net $89.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.109M -$5.352M -5.920M
YoY Change -135.63% 8.71% 63.99%
NET CHANGE
Cash From Operating Activities 32.39M $7.887M 28.26M
Cash From Investing Activities -13.69M -$13.76M -7.190M
Cash From Financing Activities 2.109M -$5.352M -5.920M
Net Change In Cash 20.81M -$11.23M 15.15M
YoY Change 37.36% -7.05% -696.46%
FREE CASH FLOW
Cash From Operating Activities $32.39M $7.887M $28.26M
Capital Expenditures -$17.14M $13.34M -$6.660M
Free Cash Flow $49.53M -$5.456M $34.92M
YoY Change 41.83% -18.0% -13.03%

Facts In Submission

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dei Document Fiscal Year Focus
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