2023 Q3 Form 10-Q Financial Statement

#000160466523000025 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $321.7M $264.2M
YoY Change -22.51% -41.14%
Cost Of Revenue $228.7M $176.5M
YoY Change -29.56% -49.8%
Gross Profit $92.98M $87.72M
YoY Change 2.75% -9.85%
Gross Profit Margin 28.91% 33.21%
Selling, General & Admin $6.741M $7.229M
YoY Change -22.32% -27.12%
% of Gross Profit 7.25% 8.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.28M $27.04M
YoY Change -8.93% 13.19%
% of Gross Profit 22.89% 30.82%
Operating Expenses $6.741M $7.229M
YoY Change -22.32% -27.12%
Operating Profit $86.24M $80.49M
YoY Change 5.41% -7.88%
Interest Expense -$6.400M -$6.117M
YoY Change 75.58% 113.96%
% of Operating Profit -7.42% -7.6%
Other Income/Expense, Net $1.272M $1.061M
YoY Change 105.83% 1078.89%
Pretax Income $81.08M $75.44M
YoY Change 2.9% -10.85%
Income Tax $222.0K $173.0K
% Of Pretax Income 0.27% 0.23%
Net Earnings $13.21M $11.89M
YoY Change -10.51% -27.69%
Net Earnings / Revenue 4.11% 4.5%
Basic Earnings Per Share
Diluted Earnings Per Share $0.37 $0.34
COMMON SHARES
Basic Shares Outstanding 35.22M shares 35.22M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $65.90M $59.43M
YoY Change 238.5% 223.56%
Cash & Equivalents $65.87M $59.43M
Short-Term Investments
Other Short-Term Assets $600.0K $718.0K
YoY Change 31.0% 971.64%
Inventory $4.394M $3.260M
Prepaid Expenses
Receivables $157.3M $154.3M
Other Receivables $3.357M $2.812M
Total Short-Term Assets $231.5M $220.6M
YoY Change -18.56% -26.88%
LONG-TERM ASSETS
Property, Plant & Equipment $959.1M $963.5M
YoY Change -4.72% -5.24%
Goodwill $5.814M $5.814M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $145.1M $145.7M
YoY Change 7.88% 5.62%
Total Long-Term Assets $1.110B $1.115B
YoY Change -3.22% -3.92%
TOTAL ASSETS
Total Short-Term Assets $231.5M $220.6M
Total Long-Term Assets $1.110B $1.115B
Total Assets $1.342B $1.336B
YoY Change -6.26% -8.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.20M $39.37M
YoY Change 127.14% 92.98%
Accrued Expenses $31.36M $26.95M
YoY Change 38.65% 71.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $75.60M $66.32M
YoY Change -2.65% -27.93%
LONG-TERM LIABILITIES
Long-Term Debt $399.7M $399.7M
YoY Change 0.01% 0.0%
Other Long-Term Liabilities $3.308M
YoY Change
Total Long-Term Liabilities $3.308M $399.7M
YoY Change -99.17% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.60M $66.32M
Total Long-Term Liabilities $3.308M $399.7M
Total Liabilities $480.2M $1.050B
YoY Change 0.26% 112.92%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $282.2M $285.5M
YoY Change
Total Liabilities & Shareholders Equity $1.342B $1.336B
YoY Change -6.26% -8.65%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $13.21M $11.89M
YoY Change -10.51% -27.69%
Depreciation, Depletion And Amortization $21.28M $27.04M
YoY Change -8.93% 13.19%
Cash From Operating Activities $100.9M $98.54M
YoY Change -12.64% -18.46%
INVESTING ACTIVITIES
Capital Expenditures $16.80M $4.513M
YoY Change -228.01% -137.63%
Acquisitions
YoY Change
Other Investing Activities $10.00M -$42.00M
YoY Change -266.67% 133.33%
Cash From Investing Activities -$6.800M -$46.51M
YoY Change -64.44% 55.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -87.60M -97.18M
YoY Change -8.05% 5.95%
NET CHANGE
Cash From Operating Activities 100.9M 98.54M
Cash From Investing Activities -6.800M -46.51M
Cash From Financing Activities -87.60M -97.18M
Net Change In Cash 6.500M -45.15M
YoY Change 491.45% 5120.12%
FREE CASH FLOW
Cash From Operating Activities $100.9M $98.54M
Capital Expenditures $16.80M $4.513M
Free Cash Flow $84.10M $94.03M
YoY Change -34.61% -29.22%

Facts In Submission

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wlkp-20230630.xsd Edgar Link pending
wlkp-20230630_lab.xml Edgar Link unprocessable
wlkp-20230630_pre.xml Edgar Link unprocessable
wlkp-20230630_htm.xml Edgar Link completed
wlkp-20230630_cal.xml Edgar Link unprocessable
wlkp-20230630_def.xml Edgar Link unprocessable