2024 Q3 Form 10-Q Financial Statement

#000082531324000075 Filed on October 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $136.4M
YoY Change 107.26%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $136.4M
YoY Change 107.26%
Income Tax $9.179M
% Of Pretax Income 6.73%
Net Earnings $127.2M
YoY Change 123.18%
Net Earnings / Revenue 93.27%
Basic Earnings Per Share
Diluted Earnings Per Share $1.12
COMMON SHARES
Basic Shares Outstanding 113.4M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $0.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.099B
YoY Change 6.37%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.099B
YoY Change 6.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $719.0K
YoY Change 19.83%
Total Long-Term Liabilities $719.0K
YoY Change 19.83%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $719.0K
Total Liabilities $719.0K
YoY Change 30.25%
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 $2.098B
YoY Change
Total Liabilities & Shareholders Equity $2.099B
YoY Change 6.38%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $127.2M
YoY Change 123.18%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $81.06M
YoY Change 17.65%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -81.06M
YoY Change 17.65%
NET CHANGE
Cash From Operating Activities 81.06M
Cash From Investing Activities
Cash From Financing Activities -81.06M
Net Change In Cash 0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities $81.06M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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147000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
0 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-576000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1071000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
253021000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
221180000 usd
ab Proceeds From Payments For Contributions From Distributions To Affiliates
ProceedsFromPaymentsForContributionsFromDistributionsToAffiliates
902000 usd
ab Proceeds From Payments For Contributions From Distributions To Affiliates
ProceedsFromPaymentsForContributionsFromDistributionsToAffiliates
2499000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-253021000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-221180000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
0 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
0 usd
CY2024Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1100000 shares
CY2023Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1800000 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2100000 shares
CY2024Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
38600000 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
1800000 shares
CY2024Q3 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
38600000 usd
CY2023Q3 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
56900000 usd
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
56900000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
317940000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
184986000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
317940000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
184986000 usd
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
114592000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
113407000 shares
CY2023Q3 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
113185000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
114592000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
113407000 shares
CY2023Q3 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.50
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
2.77
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
1.63
us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
2.77
us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
1.63
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2077540000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
345360000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
7121000 usd
us-gaap Proceeds From Dividends Received
ProceedsFromDividendsReceived
281164000 usd
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
902000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
66477000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
20430000 usd
ab Partners Capital Account Treasury Units Period Increase Decrease
PartnersCapitalAccountTreasuryUnitsPeriodIncreaseDecrease
-3205000 usd
CY2024Q3 us-gaap Equity Method Investments
EquityMethodInvestments
2098703000 usd
CY2023Q4 us-gaap Shares Outstanding
SharesOutstanding
114436091 shares
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
859586 shares
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1860320 shares
CY2024Q3 us-gaap Shares Outstanding
SharesOutstanding
113435357 shares
ab New York City Unincorporated Business Tax Rate
NewYorkCityUnincorporatedBusinessTaxRate
0.040
ab Federal Taxon Partnership Gross Income Percent
FederalTaxonPartnershipGrossIncomePercent
0.035
ab Federal Taxon Partnership Gross Income Percent
FederalTaxonPartnershipGrossIncomePercent
0.035
CY2024Q3 ab Increase Decrease In Net Income Attributable To Equity Method Investments
IncreaseDecreaseInNetIncomeAttributableToEquityMethodInvestments
1.067
ab Increase Decrease In Net Income Attributable To Equity Method Investments
IncreaseDecreaseInNetIncomeAttributableToEquityMethodInvestments
0.626
CY2024Q3 us-gaap Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions
0.394
CY2023Q3 us-gaap Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions
0.393
us-gaap Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions
0.395
us-gaap Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions
0.393
CY2024Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
136374000 usd
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
65761000 usd
CY2024Q3 ab Increase Decrease In Equity In Net Income Attributable To Equity Method Investments
IncreaseDecreaseInEquityInNetIncomeAttributableToEquityMethodInvestments
1.074
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
345360000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
211264000 usd
ab Increase Decrease In Equity In Net Income Attributable To Equity Method Investments
IncreaseDecreaseInEquityInNetIncomeAttributableToEquityMethodInvestments
0.635
CY2024Q3 ab Equity Method Investment Summarized Financial Information Qualifying Revenue
EquityMethodInvestmentSummarizedFinancialInformationQualifyingRevenue
713242000 usd
CY2024Q3 ab Increase Decrease In Qualifying Revenue Of Equity Method Investment
IncreaseDecreaseInQualifyingRevenueOfEquityMethodInvestment
0.035
ab Equity Method Investment Summarized Financial Information Qualifying Revenue
EquityMethodInvestmentSummarizedFinancialInformationQualifyingRevenue
2099807000 usd
ab Equity Method Investment Summarized Financial Information Qualifying Revenue
EquityMethodInvestmentSummarizedFinancialInformationQualifyingRevenue
2059866000 usd
ab Increase Decrease In Qualifying Revenue Of Equity Method Investment
IncreaseDecreaseInQualifyingRevenueOfEquityMethodInvestment
0.019
CY2023Q3 ab Equity Method Investment Weighted Average Ownership Percentage For Calculating Tax
EquityMethodInvestmentWeightedAverageOwnershipPercentageForCalculatingTax
0.356
ab Equity Method Investment Weighted Average Ownership Percentage For Calculating Tax
EquityMethodInvestmentWeightedAverageOwnershipPercentageForCalculatingTax
0.364
ab Equity Method Investment Weighted Average Ownership Percentage For Calculating Tax
EquityMethodInvestmentWeightedAverageOwnershipPercentageForCalculatingTax
0.357
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.035
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.035
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.035
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.035
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
26728000 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
25713000 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
692000 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
565000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9179000 usd
CY2024Q3 ab Increase Decrease In Income Tax
IncreaseDecreaseInIncomeTax
0.047
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27420000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26278000 usd
ab Increase Decrease In Income Tax
IncreaseDecreaseInIncomeTax
0.043
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.079
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.124
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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