2021 Q4 Form 10-Q Financial Statement

#000167491022000038 Filed on February 09, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q4
Revenue $858.0M $653.0M
YoY Change 31.39% 7.58%
Cost Of Revenue $614.0M $425.0M
YoY Change 44.47% 7.32%
Gross Profit $244.0M $228.0M
YoY Change 7.02% 8.06%
Gross Profit Margin 28.44% 34.92%
Selling, General & Admin $135.0M $117.0M
YoY Change 15.38% 0.0%
% of Gross Profit 55.33% 51.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.00M $21.00M
YoY Change 19.05% 31.25%
% of Gross Profit 10.25% 9.21%
Operating Expenses $135.0M $117.0M
YoY Change 15.38% 0.0%
Operating Profit $121.0M $124.0M
YoY Change -2.42% 19.23%
Interest Expense -$17.00M -$20.00M
YoY Change -15.0% 25.0%
% of Operating Profit -14.05% -16.13%
Other Income/Expense, Net $24.00M $27.00M
YoY Change -11.11% 50.0%
Pretax Income $113.0M $117.0M
YoY Change -3.42% 20.62%
Income Tax $26.00M $30.00M
% Of Pretax Income 23.01% 25.64%
Net Earnings $87.00M $87.00M
YoY Change 0.0% 19.18%
Net Earnings / Revenue 10.14% 13.32%
Basic Earnings Per Share $0.48 $0.47
Diluted Earnings Per Share $0.48 $0.47
COMMON SHARES
Basic Shares Outstanding 181.0M shares 185.0M shares
Diluted Shares Outstanding 182.0M shares 186.0M shares

Balance Sheet

Concept 2021 Q4 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $152.0M $527.0M
YoY Change -71.16% 225.31%
Cash & Equivalents $152.0M $527.0M
Short-Term Investments
Other Short-Term Assets $55.00M $44.00M
YoY Change 25.0% 2.33%
Inventory $264.0M $213.0M
Prepaid Expenses
Receivables $530.0M $430.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.001B $1.214B
YoY Change -17.55% 52.9%
LONG-TERM ASSETS
Property, Plant & Equipment $824.0M $713.0M
YoY Change 15.57% 48.85%
Goodwill $621.0M
YoY Change 43.42%
Intangibles
YoY Change
Long-Term Investments $50.00M $46.00M
YoY Change 8.7% 17.95%
Other Assets $204.0M $123.0M
YoY Change 65.85% 12.84%
Total Long-Term Assets $2.182B $1.942B
YoY Change 12.36% 29.21%
TOTAL ASSETS
Total Short-Term Assets $1.001B $1.214B
Total Long-Term Assets $2.182B $1.942B
Total Assets $3.183B $3.156B
YoY Change 0.86% 37.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $218.0M $158.0M
YoY Change 37.97% 3.27%
Accrued Expenses $291.0M $260.0M
YoY Change 11.92% 5.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $32.00M $88.00M
YoY Change -63.64% 300.0%
Total Short-Term Liabilities $541.0M $506.0M
YoY Change 6.92% 20.19%
LONG-TERM LIABILITIES
Long-Term Debt $1.662B $1.887B
YoY Change -11.92% 42.95%
Other Long-Term Liabilities $255.0M $255.0M
YoY Change 0.0% 67.76%
Total Long-Term Liabilities $2.475B $2.705B
YoY Change -8.5% 30.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $541.0M $506.0M
Total Long-Term Liabilities $2.475B $2.705B
Total Liabilities $3.016B $3.211B
YoY Change -6.07% 28.8%
SHAREHOLDERS EQUITY
Retained Earnings $123.0M -$106.0M
YoY Change -216.04% -54.11%
Common Stock $2.000M $2.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $167.0M -$55.00M
YoY Change
Total Liabilities & Shareholders Equity $3.183B $3.156B
YoY Change 0.86% 37.4%

Cashflow Statement

Concept 2021 Q4 2020 Q4
OPERATING ACTIVITIES
Net Income $87.00M $87.00M
YoY Change 0.0% 19.18%
Depreciation, Depletion And Amortization $25.00M $21.00M
YoY Change 19.05% 31.25%
Cash From Operating Activities $32.00M $79.00M
YoY Change -59.49% 33.9%
INVESTING ACTIVITIES
Capital Expenditures $35.00M $35.00M
YoY Change 0.0% 25.0%
Acquisitions $14.00M $218.0M
YoY Change -93.58% 3533.33%
Other Investing Activities $0.00 $1.000M
YoY Change -100.0% 0.0%
Cash From Investing Activities -$46.00M -$245.0M
YoY Change -81.22% 600.0%
FINANCING ACTIVITIES
Cash Dividend Paid $23.00M $23.00M
YoY Change 0.0% 9.52%
Common Stock Issuance & Retirement, Net $31.00M $58.00M
YoY Change -46.55%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$63.00M -$73.00M
YoY Change -13.7% 217.39%
NET CHANGE
Cash From Operating Activities $32.00M $79.00M
Cash From Investing Activities -$46.00M -$245.0M
Cash From Financing Activities -$63.00M -$73.00M
Net Change In Cash -$77.00M -$233.0M
YoY Change -66.95% -5925.0%
FREE CASH FLOW
Cash From Operating Activities $32.00M $79.00M
Capital Expenditures $35.00M $35.00M
Free Cash Flow -$3.000M $44.00M
YoY Change -106.82% 41.94%

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0001674910-22-000038.txt Edgar Link pending
0001674910-22-000038-xbrl.zip Edgar Link pending
exhibit101outsidedirectorr.htm Edgar Link pending
exhibit102severancepayplan.htm Edgar Link pending
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