2021 Q2 Form 10-Q Financial Statement

#000071995521000007 Filed on June 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 Q1 2020 Q2
Revenue $1.749B $2.293B $1.235B
YoY Change 41.6% 24.36% -0.48%
Cost Of Revenue $996.2M $1.327B $809.6M
YoY Change 23.05% 15.34% 1.61%
Gross Profit $752.9M $965.2M $414.3M
YoY Change 81.73% 39.34% -6.77%
Gross Profit Margin 43.04% 42.1% 33.54%
Selling, General & Admin $477.7M $558.0M $365.6M
YoY Change 30.65% 14.11% -1.24%
% of Gross Profit 63.45% 57.81% 88.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $47.92M $48.40M $46.22M
YoY Change 3.67% 2.33% -1.31%
% of Gross Profit 6.37% 5.01% 11.16%
Operating Expenses $477.7M $558.1M $365.6M
YoY Change 30.65% 14.13% -1.24%
Operating Profit $275.2M $407.1M $48.65M
YoY Change 465.68% 99.85% -34.38%
Interest Expense -$1.872M -$2.300M -$2.200M
YoY Change -14.91% 64.29% -4.35%
% of Operating Profit -0.68% -0.56% -4.52%
Other Income/Expense, Net
YoY Change
Pretax Income $273.3M $399.8M $46.49M
YoY Change 487.93% 97.63% -35.33%
Income Tax $45.50M $90.90M $11.06M
% Of Pretax Income 16.65% 22.74% 23.8%
Net Earnings $227.8M $309.0M $35.42M
YoY Change 543.09% 86.14% -32.73%
Net Earnings / Revenue 13.02% 13.48% 2.87%
Basic Earnings Per Share $3.01 $0.46
Diluted Earnings Per Share $2.90 $3.902M $0.45
COMMON SHARES
Basic Shares Outstanding 75.80M shares 77.26M shares
Diluted Shares Outstanding 78.49M shares 78.40M shares

Balance Sheet

Concept 2021 Q2 2021 Q1 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $639.7M $1.200B $861.0M
YoY Change -25.71% 177.72% 699.44%
Cash & Equivalents $639.7M $1.200B $861.0M
Short-Term Investments
Other Short-Term Assets $20.50M $22.89M $22.10M
YoY Change -7.23% -79.41% -0.13%
Inventory $1.088B $1.006B $1.071B
Prepaid Expenses $58.84M $93.82M $90.43M
Receivables $142.5M $143.7M $104.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.949B $2.467B $2.149B
YoY Change -9.31% 40.53% 44.65%
LONG-TERM ASSETS
Property, Plant & Equipment $875.4M $873.9M $907.2M
YoY Change -3.51% -58.29% -0.96%
Goodwill $85.44M $85.45M $85.34M
YoY Change 0.12% -0.03%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $88.18M $87.14M $67.80M
YoY Change 30.07% -25.9% 2.49%
Total Long-Term Assets $2.161B $2.194B $2.269B
YoY Change -4.75% -4.53% -1.46%
TOTAL ASSETS
Total Short-Term Assets $1.949B $2.467B $2.149B
Total Long-Term Assets $2.161B $2.194B $2.269B
Total Assets $4.110B $4.661B $4.418B
YoY Change -6.97% 14.98% 16.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $574.9M $543.0M $423.4M
YoY Change 35.78% 4.18% 9.78%
Accrued Expenses $174.1M $267.6M $137.5M
YoY Change 26.65% -33.58% 25.95%
Deferred Revenue $389.6M $373.2M
YoY Change
Short-Term Debt $0.00 $299.4M $0.00
YoY Change
Long-Term Debt Due $0.00 $299.4M $0.00
YoY Change -0.15%
Total Short-Term Liabilities $1.519B $1.848B $1.682B
YoY Change -9.68% 14.81% 50.97%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $299.9M
YoY Change -100.0% 0.07%
Other Long-Term Liabilities $124.9M $116.6M $81.50M
YoY Change 53.23% -90.35% -1.28%
Total Long-Term Liabilities $124.9M $116.6M $381.4M
YoY Change -67.25% -90.35% -0.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.519B $1.848B $1.682B
Total Long-Term Liabilities $124.9M $116.6M $381.4M
Total Liabilities $2.663B $3.010B $3.199B
YoY Change -16.76% 6.81% 19.97%
SHAREHOLDERS EQUITY
Retained Earnings $894.9M $1.020B $641.9M
YoY Change 39.41% 13.79%
Common Stock $753.0K $764.0K $778.0K
YoY Change -3.21% -1.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $700.0K $599.0K $599.0K
YoY Change 16.86% -38.5%
Treasury Stock Shares 4.000K shares 8.000K shares 8.000K shares
Shareholders Equity $1.447B $1.651B $1.219B
YoY Change
Total Liabilities & Shareholders Equity $4.110B $4.661B $4.418B
YoY Change -6.97% 14.98% 16.62%

Cashflow Statement

Concept 2021 Q2 2021 Q1 2020 Q2
OPERATING ACTIVITIES
Net Income $227.8M $309.0M $35.42M
YoY Change 543.09% 86.14% -32.73%
Depreciation, Depletion And Amortization $47.92M $48.40M $46.22M
YoY Change 3.67% 2.33% -1.31%
Cash From Operating Activities $238.9M $548.2M $53.87M
YoY Change 343.42% 5.97% -154.93%
INVESTING ACTIVITIES
Capital Expenditures $42.36M -$44.60M $42.32M
YoY Change 0.09% -31.49% 17.08%
Acquisitions
YoY Change
Other Investing Activities -$93.00K $100.0K -$242.0K
YoY Change -61.57% -50.0% 126.17%
Cash From Investing Activities -$42.27M -$44.50M -$42.08M
YoY Change 0.45% -31.33% 16.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $315.5M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $300.0M $0.00
YoY Change
Cash From Financing Activities -$759.6M -83.00M $419.5M
YoY Change -281.05% -52.49% -536.45%
NET CHANGE
Cash From Operating Activities $238.9M 548.2M $53.87M
Cash From Investing Activities -$42.27M -44.50M -$42.08M
Cash From Financing Activities -$759.6M -83.00M $419.5M
Net Change In Cash -$560.7M 420.7M $428.8M
YoY Change -230.74% 51.44% -286.26%
FREE CASH FLOW
Cash From Operating Activities $238.9M $548.2M $53.87M
Capital Expenditures $42.36M -$44.60M $42.32M
Free Cash Flow $196.5M $592.8M $11.55M
YoY Change 1601.19% 1.79% -108.61%

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