filings.toolsItem 8. Financial Statements and Supplementary Data
4K characters. Original on sec.gov · Markdown
Item 8. Financial Statements and Supplementary Data
Consolidated Financial Statements
Our consolidated financial statements as required by this item are included in Item 15. “Exhibits and Financial Statement Schedules.” See Item 15(a) for a list of our consolidated financial statements.
Selected Quarterly Financial Data (Unaudited)
The following selected quarterly financial data should be read in conjunction with our consolidated financial statements and the related notes thereto and Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” This information has been derived from our unaudited consolidated financial statements that, in our opinion, reflect all recurring adjustments necessary to fairly present the information when read in conjunction with our consolidated financial statements. The results of operations for any quarter are not necessarily indicative of the results to be expected for any future period.
| Quarters Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||
| (In thousands, except per share amounts) | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Net sales | $ | 609,232 | $ | 927,565 | $ | 642,411 | $ | 532,124 | $ | 1,399,377 | $ | 546,806 | $ | 584,956 | $ | 531,978 | ||||||||||||||||||||||||||||||||||
| Gross profit | 159,860 | 293,015 | 137,460 | 90,338 | 333,555 | 138,363 | 77,182 | 112 | ||||||||||||||||||||||||||||||||||||||||||
| Production start-up | 16,716 | 13,019 | 6,311 | 4,482 | 7,351 | 18,605 | 10,437 | 9,522 | ||||||||||||||||||||||||||||||||||||||||||
| Litigation loss | — | — | 6,000 | — | 363,000 | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
| Operating income (loss) | 57,774 | 207,163 | 50,896 | 1,656 | (117,866) | 41,304 | (8,584) | (76,639) | ||||||||||||||||||||||||||||||||||||||||||
| Net income (loss) | 115,703 | 155,037 | 36,911 | 90,704 | (59,408) | 30,622 | (18,548) | (67,599) | ||||||||||||||||||||||||||||||||||||||||||
| Net income (loss) per share: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Basic | $ | 1.09 | $ | 1.46 | $ | 0.35 | $ | 0.86 | $ | (0.56) | $ | 0.29 | $ | (0.18) | $ | (0.64) | ||||||||||||||||||||||||||||||||||
| Diluted | $ | 1.08 | $ | 1.45 | $ | 0.35 | $ | 0.85 | $ | (0.56) | $ | 0.29 | $ | (0.18) | $ | (0.64) |
Previous: Item 7A. Quantitative and Qualitative Disclosures about Market Risk · Next: Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure