2023 Q1 Form 10-K Financial Statement

#000116600323000017 Filed on February 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.907B $1.831B $7.718B
YoY Change -45.09% -45.52% -39.73%
Cost Of Revenue $884.0M $4.945B $4.945B
YoY Change -63.73% 106.04% -44.72%
Gross Profit $1.023B $2.773B $2.773B
YoY Change -1.25% 188.55% -28.18%
Gross Profit Margin 53.64% 151.45% 35.93%
Selling, General & Admin $777.0M $678.0M $678.0M
YoY Change 125.87% 111.21% -48.71%
% of Gross Profit 75.95% 24.45% 24.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $101.0M $43.00M $336.0M
YoY Change -12.93% -63.87% -13.4%
% of Gross Profit 9.87% 1.55% 12.12%
Operating Expenses $922.0M $2.284B $678.0M
YoY Change 168.02% 195.47% -48.71%
Operating Profit $58.00M $4.000M $377.0M
YoY Change -90.72% -97.7% -38.8%
Interest Expense $42.00M -$135.0M $135.0M
YoY Change 13.51% 285.71% -36.02%
% of Operating Profit 72.41% -3375.0% 35.81%
Other Income/Expense, Net $5.000M $55.00M $55.00M
YoY Change -64.29% 292.86% -3.51%
Pretax Income $21.00M $258.0M $258.0M
YoY Change -96.51% 68.63% -37.07%
Income Tax $4.000M $74.00M $74.00M
% Of Pretax Income 19.05% 28.68% 28.68%
Net Earnings $14.00M -$94.00M $666.0M
YoY Change -97.13% -177.05% 98.21%
Net Earnings / Revenue 0.73% -5.13% 8.63%
Basic Earnings Per Share $0.13 -$0.81 $5.79
Diluted Earnings Per Share $0.13 -$0.81 $5.76
COMMON SHARES
Basic Shares Outstanding 115.5M shares 115.2M shares 115.0M shares
Diluted Shares Outstanding 116.0M shares 116.0M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $309.0M $460.0M $460.0M
YoY Change -69.22% 76.92% 76.92%
Cash & Equivalents $309.0M $460.0M $460.0M
Short-Term Investments
Other Short-Term Assets $221.0M $199.0M $216.0M
YoY Change -20.79% -30.42% -30.77%
Inventory
Prepaid Expenses
Receivables $1.019B $954.0M $954.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.565B $1.630B $1.630B
YoY Change -55.98% -39.11% -39.11%
LONG-TERM ASSETS
Property, Plant & Equipment $1.978B $1.832B $2.551B
YoY Change 10.13% 1.33% -6.08%
Goodwill $1.483B $1.472B
YoY Change -36.41% -40.62%
Intangibles $396.0M $407.0M
YoY Change -27.74% -29.83%
Long-Term Investments
YoY Change
Other Assets $209.0M $209.0M $209.0M
YoY Change -22.01% -18.04% -18.04%
Total Long-Term Assets $4.783B $4.639B $4.639B
YoY Change -17.03% -23.07% -23.07%
TOTAL ASSETS
Total Short-Term Assets $1.565B $1.630B $1.630B
Total Long-Term Assets $4.783B $4.639B $4.639B
Total Assets $6.348B $6.269B $6.269B
YoY Change -31.89% -28.0% -28.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $505.0M $521.0M $521.0M
YoY Change -62.03% -53.06% -53.06%
Accrued Expenses $902.0M $881.0M $881.0M
YoY Change -25.94% -31.01% -31.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $66.00M $59.00M $59.00M
YoY Change -90.32% 1.72% 1.72%
Total Short-Term Liabilities $1.546B $1.507B $1.507B
YoY Change -54.95% -40.62% -40.62%
LONG-TERM LIABILITIES
Long-Term Debt $2.478B $2.473B $2.473B
YoY Change -13.87% -29.62% -29.62%
Other Long-Term Liabilities $264.0M $259.0M $958.0M
YoY Change -15.11% -20.8% -20.23%
Total Long-Term Liabilities $3.747B $3.750B $3.431B
YoY Change -12.66% -25.46% -27.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.546B $1.507B $1.507B
Total Long-Term Liabilities $3.747B $3.750B $3.431B
Total Liabilities $5.293B $5.257B $5.257B
YoY Change -31.46% -30.55% -30.55%
SHAREHOLDERS EQUITY
Retained Earnings $10.00M -$4.000M
YoY Change -98.12% -109.3%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.055B $1.012B $1.012B
YoY Change
Total Liabilities & Shareholders Equity $6.348B $6.269B $6.269B
YoY Change -31.89% -28.0% -28.0%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $14.00M -$94.00M $666.0M
YoY Change -97.13% -177.05% 98.21%
Depreciation, Depletion And Amortization $101.0M $43.00M $336.0M
YoY Change -12.93% -63.87% -13.4%
Cash From Operating Activities $68.00M $173.0M $832.0M
YoY Change -66.0% 82.11% 26.83%
INVESTING ACTIVITIES
Capital Expenditures $224.0M $127.0M $521.0M
YoY Change 63.5% -225.74% 66.45%
Acquisitions
YoY Change
Other Investing Activities $8.000M -$629.0M $0.00
YoY Change -98.87% -1148.33% -100.0%
Cash From Investing Activities -$216.0M -$756.0M -$405.0M
YoY Change -137.83% 1743.9% 120.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.000M 492.0M -212.0M
YoY Change -62.5% -1084.0% -89.03%
NET CHANGE
Cash From Operating Activities 68.00M 173.0M 832.0M
Cash From Investing Activities -216.0M -756.0M -405.0M
Cash From Financing Activities -9.000M 492.0M -212.0M
Net Change In Cash -$155.0M -91.00M $197.0M
YoY Change -120.81% -2375.0% -110.99%
FREE CASH FLOW
Cash From Operating Activities $68.00M $173.0M $832.0M
Capital Expenditures $224.0M $127.0M $521.0M
Free Cash Flow -$156.0M $46.00M $311.0M
YoY Change -347.62% -76.53% -9.33%

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NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
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CY2021Q1 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
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CY2021Q1 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
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CY2021Q2 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
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NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
99000000 usd
CY2021Q3 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
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CY2021Q4 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
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CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
115000000 usd
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
115000000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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156000000 usd
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NetIncomeLossAvailableToCommonStockholdersDiluted
156000000 usd
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NetIncomeLossAvailableToCommonStockholdersDiluted
-57000000 usd
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NetIncomeLossAvailableToCommonStockholdersBasic
-57000000 usd
CY2021Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
122000000 usd
CY2021Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
122000000 usd
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.04
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.51
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.11
CY2021Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.40
CY2021Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
1.04
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.88
CY2021Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.39
CY2021Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.66
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.39
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.06
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.04
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.51
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.11
CY2021Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.40
CY2021Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.98
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.87
CY2021Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.39
CY2021Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.65
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.02
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.38
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
CY2022 dei Auditor Name
AuditorName
KPMG LLP
CY2022 dei Auditor Firm
AuditorFirmId
185

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