2023 Q4 Form 10-Q Financial Statement

#000160466523000033 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q4
Revenue $297.3M $321.7M $366.8M
YoY Change -18.96% -22.51% 11.01%
Cost Of Revenue $196.6M $228.7M $268.7M
YoY Change -26.84% -29.56% 46.51%
Gross Profit $100.7M $92.98M $98.13M
YoY Change 2.6% 2.75% -33.27%
Gross Profit Margin 33.87% 28.91% 26.75%
Selling, General & Admin $7.867M $6.741M $2.854M
YoY Change 175.65% -22.32% -54.58%
% of Gross Profit 7.81% 7.25% 2.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.30M $21.28M $29.39M
YoY Change -3.71% -8.93% 13.12%
% of Gross Profit 28.11% 22.89% 29.95%
Operating Expenses $7.867M $6.741M $2.854M
YoY Change 175.65% -22.32% -54.58%
Operating Profit $92.82M $86.24M $95.28M
YoY Change -2.58% 5.41% -32.32%
Interest Expense -$6.632M -$6.400M -$4.704M
YoY Change 40.99% 75.58% 117.17%
% of Operating Profit -7.15% -7.42% -4.94%
Other Income/Expense, Net $1.079M $1.272M $883.0K
YoY Change 22.2% 105.83% 8730.0%
Pretax Income $87.26M $81.08M $91.46M
YoY Change -4.58% 2.9% -34.02%
Income Tax $206.0K $222.0K $195.0K
% Of Pretax Income 0.24% 0.27% 0.21%
Net Earnings $14.30M $13.21M $16.78M
YoY Change -14.81% -10.51% -43.13%
Net Earnings / Revenue 4.81% 4.11% 4.58%
Basic Earnings Per Share
Diluted Earnings Per Share $0.41 $0.37 $0.48
COMMON SHARES
Basic Shares Outstanding 35.23M shares 35.22M shares 35.22M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.62M $65.90M $64.78M
YoY Change -9.51% 238.5% 279.8%
Cash & Equivalents $58.62M $65.87M $64.78M
Short-Term Investments
Other Short-Term Assets $442.0K $600.0K $305.0K
YoY Change 44.92% 31.0% -22.98%
Inventory $4.432M $4.394M $4.715M
Prepaid Expenses
Receivables $162.7M $157.3M $174.5M
Other Receivables $0.00 $3.357M $1.497M
Total Short-Term Assets $226.2M $231.5M $245.8M
YoY Change -7.97% -18.56% -12.59%
LONG-TERM ASSETS
Property, Plant & Equipment $943.8M $959.1M $990.2M
YoY Change -4.68% -4.72% -5.11%
Goodwill $5.814M $5.814M $5.814M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $146.8M $145.1M $130.2M
YoY Change 12.78% 7.88% -13.31%
Total Long-Term Assets $1.091B $1.110B $1.126B
YoY Change -3.16% -3.22% -6.11%
TOTAL ASSETS
Total Short-Term Assets $226.2M $231.5M $245.8M
Total Long-Term Assets $1.091B $1.110B $1.126B
Total Assets $1.317B $1.342B $1.372B
YoY Change -4.02% -6.26% -7.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $56.34M $44.20M $15.32M
YoY Change 267.79% 127.14% -56.37%
Accrued Expenses $24.98M $31.36M $17.54M
YoY Change 42.44% 38.65% -71.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $56.34M $75.60M $66.94M
YoY Change -15.84% -2.65% -37.32%
LONG-TERM LIABILITIES
Long-Term Debt $399.7M $399.7M $399.7M
YoY Change 0.0% 0.01% 0.0%
Other Long-Term Liabilities $2.951M $3.308M $0.00
YoY Change
Total Long-Term Liabilities $2.951M $3.308M $399.7M
YoY Change -99.26% -99.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $56.34M $75.60M $66.94M
Total Long-Term Liabilities $2.951M $3.308M $399.7M
Total Liabilities $460.6M $480.2M $468.3M
YoY Change -1.64% 0.26% -7.82%
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 $279.9M $282.2M $291.9M
YoY Change
Total Liabilities & Shareholders Equity $1.317B $1.342B $1.372B
YoY Change -4.02% -6.26% -7.34%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q4
OPERATING ACTIVITIES
Net Income $14.30M $13.21M $16.78M
YoY Change -14.81% -10.51% -43.13%
Depreciation, Depletion And Amortization $28.30M $21.28M $29.39M
YoY Change -3.71% -8.93% 13.12%
Cash From Operating Activities $107.7M $100.9M $122.6M
YoY Change -12.14% -12.64% 460.67%
INVESTING ACTIVITIES
Capital Expenditures $12.82M $16.80M $8.660M
YoY Change 48.05% -228.01% -120.29%
Acquisitions
YoY Change
Other Investing Activities -$10.02M $10.00M $71.12M
YoY Change -114.08% -266.67% -20.76%
Cash From Investing Activities -$22.84M -$6.800M $62.46M
YoY Change -136.56% -64.44% 32.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -92.13M -87.60M -139.7M
YoY Change -34.06% -8.05% 98.14%
NET CHANGE
Cash From Operating Activities 107.7M 100.9M 122.6M
Cash From Investing Activities -22.84M -6.800M 62.46M
Cash From Financing Activities -92.13M -87.60M -139.7M
Net Change In Cash -7.263M 6.500M 45.31M
YoY Change -116.03% 491.45% -2949.94%
FREE CASH FLOW
Cash From Operating Activities $107.7M $100.9M $122.6M
Capital Expenditures $12.82M $16.80M $8.660M
Free Cash Flow $94.88M $84.10M $113.9M
YoY Change -16.71% -34.61% 76.49%

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