2021 Q4 Form 10-K Financial Statement

#000117492222000031 Filed on February 28, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $1.042B $3.764B $686.0M
YoY Change 51.93% 79.58% -58.51%
Cost Of Revenue $707.9M $2.559B $478.6M
YoY Change 47.91% 46.77% -52.48%
Gross Profit $334.3M $1.205B $207.4M
YoY Change 61.19% 241.77% -67.91%
Gross Profit Margin 32.08% 32.02% 30.23%
Selling, General & Admin $269.5M $796.6M $202.0M
YoY Change 33.42% 10.51% -17.45%
% of Gross Profit 80.62% 66.1% 97.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $170.4M $685.7M $184.0M
YoY Change -7.38% -1.99% 5.08%
% of Gross Profit 50.98% 56.9% 88.72%
Operating Expenses $439.9M $796.6M $386.0M
YoY Change 13.97% 10.51% -8.05%
Operating Profit -$105.6M -$394.5M -$178.6M
YoY Change -40.86% -67.98% -178.85%
Interest Expense -$146.1M $605.6M -$146.7M
YoY Change -0.43% 8.82% 39.85%
% of Operating Profit
Other Income/Expense, Net -$6.602M -$617.0M $15.50M
YoY Change -142.59% 16.36% -16.22%
Pretax Income -$258.3M -$1.012B -$309.7M
YoY Change -16.6% -42.6% -321.37%
Income Tax -$1.871M $474.0K $600.0K
% Of Pretax Income
Net Earnings -$177.2M -$755.8M -$269.5M
YoY Change -34.25% -63.44% 269.68%
Net Earnings / Revenue -17.0% -20.08% -39.29%
Basic Earnings Per Share -$6.64
Diluted Earnings Per Share -$1.544M -$6.64 -$2.523M
COMMON SHARES
Basic Shares Outstanding 115.7M shares 113.8M shares 107.9M shares
Diluted Shares Outstanding 113.8M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.523B $2.523B $3.482B
YoY Change -27.56% -27.56% 48.04%
Cash & Equivalents $2.523B $501.0M $3.482B
Short-Term Investments
Other Short-Term Assets $83.96M $83.96M $65.00M
YoY Change 29.16% 29.16% -5.8%
Inventory $69.97M $69.97M $66.29M
Prepaid Expenses
Receivables $124.5M $124.5M $115.0M
Other Receivables $75.00M $75.00M $85.00M
Total Short-Term Assets $2.876B $2.876B $3.813B
YoY Change -24.58% -24.58% 33.5%
LONG-TERM ASSETS
Property, Plant & Equipment $8.765B $9.137B $9.197B
YoY Change -4.69% -4.78% -4.44%
Goodwill $129.7M $144.1M
YoY Change -9.96% 680.45%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $207.0M $210.7M $178.6M
YoY Change 15.9% 15.11% -19.95%
Total Long-Term Assets $9.655B $9.655B $10.06B
YoY Change -3.99% -4.0% -8.7%
TOTAL ASSETS
Total Short-Term Assets $2.876B $2.876B $3.813B
Total Long-Term Assets $9.655B $9.655B $10.06B
Total Assets $12.53B $12.53B $13.87B
YoY Change -9.65% -9.66% -0.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $170.5M $170.5M $148.5M
YoY Change 14.86% 15.23% -43.42%
Accrued Expenses $631.0M $614.9M $489.0M
YoY Change 29.03% 29.45% -14.51%
Deferred Revenue $436.4M $646.9M
YoY Change -32.54% -21.52%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $50.00M $66.04M $596.4M
YoY Change -91.62% -89.17% 84.15%
Total Short-Term Liabilities $1.288B $1.288B $1.881B
YoY Change -31.53% -31.53% -5.14%
LONG-TERM LIABILITIES
Long-Term Debt $11.88B $11.93B $12.47B
YoY Change -4.69% -4.75% 23.7%
Other Long-Term Liabilities $79.43M $150.6M $133.5M
YoY Change -40.5% -25.45% 23.88%
Total Long-Term Liabilities $11.96B $12.08B $12.60B
YoY Change -5.07% -5.08% 23.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.288B $1.288B $1.881B
Total Long-Term Liabilities $11.96B $12.08B $12.60B
Total Liabilities $13.37B $12.75B $14.61B
YoY Change -8.49% -10.38% 18.47%
SHAREHOLDERS EQUITY
Retained Earnings -$2.288B -$1.532B
YoY Change 49.31% -338.76%
Common Stock $1.314M $1.235M
YoY Change 6.4% 0.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.436B $1.423B
YoY Change 0.97% 0.82%
Treasury Stock Shares 15.73M shares 15.59M shares
Shareholders Equity -$214.4M -$214.4M -$352.0M
YoY Change
Total Liabilities & Shareholders Equity $12.53B $12.53B $13.87B
YoY Change -9.65% -9.66% -0.01%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$177.2M -$755.8M -$269.5M
YoY Change -34.25% -63.44% 269.68%
Depreciation, Depletion And Amortization $170.4M $685.7M $184.0M
YoY Change -7.38% -1.99% 5.08%
Cash From Operating Activities -$5.759M -$222.6M -$291.3M
YoY Change -98.02% -79.24% -340.35%
INVESTING ACTIVITIES
Capital Expenditures -$113.9M $290.7M -$29.00M
YoY Change 292.63% 0.19% -84.32%
Acquisitions
YoY Change
Other Investing Activities $579.0K $4.268M $20.70M
YoY Change -97.2% -82.51% 20600.0%
Cash From Investing Activities -$113.3M -$342.4M -$8.400M
YoY Change 1248.61% 28.85% -95.46%
FINANCING ACTIVITIES
Cash Dividend Paid $1.553M
YoY Change -98.57%
Common Stock Issuance & Retirement, Net $9.180M
YoY Change -20.4%
Debt Paid & Issued, Net $2.488B
YoY Change 22.26%
Cash From Financing Activities 167.6M -$388.0M 226.7M
YoY Change -26.08% -115.75% -68.97%
NET CHANGE
Cash From Operating Activities -5.759M -$222.6M -291.3M
Cash From Investing Activities -113.3M -$342.4M -8.400M
Cash From Financing Activities 167.6M -$388.0M 226.7M
Net Change In Cash 48.52M -$955.3M -73.00M
YoY Change -166.47% -184.68% -110.95%
FREE CASH FLOW
Cash From Operating Activities -$5.759M -$222.6M -$291.3M
Capital Expenditures -$113.9M $290.7M -$29.00M
Free Cash Flow $108.1M -$513.2M -$262.3M
YoY Change -141.21% -62.33% -185.66%

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