2024 Q1 Form 10-K Financial Statement

#000076642124000012 Filed on February 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $2.232B $2.553B $10.43B
YoY Change 1.64% 2.99% 8.09%
Cost Of Revenue $1.108B $1.273B $4.865B
YoY Change -7.74% 10.41% 4.13%
Gross Profit $1.124B $1.280B $5.561B
YoY Change 12.96% -3.47% 11.8%
Gross Profit Margin 50.36% 50.14% 53.34%
Selling, General & Admin $925.0M $905.0M $3.544B
YoY Change 10.65% 0.22% 11.03%
% of Gross Profit 82.3% 70.7% 63.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $126.0M $121.0M $451.0M
YoY Change 21.15% 15.24% 8.67%
% of Gross Profit 11.21% 9.45% 8.11%
Operating Expenses $2.398B $1.211B $4.724B
YoY Change 114.68% 1.85% 9.25%
Operating Profit -$166.0M $69.00M $837.0M
YoY Change 36.07% -49.64% 28.77%
Interest Expense -$12.00M -$7.000M -$14.00M
YoY Change 200.0% -65.85%
% of Operating Profit -10.14% -1.67%
Other Income/Expense, Net -$12.00M -$17.00M -$39.00M
YoY Change 33.33% -241.67% -178.0%
Pretax Income -$178.0M $4.000M $323.0M
YoY Change -10.55% -88.57% 308.86%
Income Tax -$46.00M $6.000M $88.00M
% Of Pretax Income 150.0% 27.24%
Net Earnings -$132.0M -$2.000M $235.0M
YoY Change -7.04% -109.09% 305.17%
Net Earnings / Revenue -5.91% -0.08% 2.25%
Basic Earnings Per Share -$1.05 $1.84
Diluted Earnings Per Share -$1.05 -$0.02 $1.83
COMMON SHARES
Basic Shares Outstanding 126.0M shares 128.1M shares 127.4M shares
Diluted Shares Outstanding 126.0M shares 128.7M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.278B $1.791B $1.791B
YoY Change -6.22% -25.9% -25.9%
Cash & Equivalents $885.0M $281.0M $281.0M
Short-Term Investments $1.393B $1.510B $1.510B
Other Short-Term Assets $186.0M $415.0M $415.0M
YoY Change -17.33% 86.1% 86.1%
Inventory $104.0M $116.0M $116.0M
Prepaid Expenses $177.0M $176.0M
Receivables $384.0M $383.0M $383.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.129B $2.705B $2.705B
YoY Change 0.97% -11.02% -11.02%
LONG-TERM ASSETS
Property, Plant & Equipment $8.194B $9.583B $9.583B
YoY Change -6.74% 8.61% 8.61%
Goodwill $2.033B $2.033B
YoY Change -0.2% -0.25%
Intangibles $90.00M
YoY Change
Long-Term Investments
YoY Change
Other Assets $283.0M $292.0M $292.0M
YoY Change -24.33% -23.16% -23.16%
Total Long-Term Assets $11.68B $11.91B $11.91B
YoY Change 4.35% 5.93% 5.93%
TOTAL ASSETS
Total Short-Term Assets $3.129B $2.705B $2.705B
Total Long-Term Assets $11.68B $11.91B $11.91B
Total Assets $14.81B $14.61B $14.61B
YoY Change 3.62% 2.32% 2.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $181.0M $207.0M $207.0M
YoY Change -12.14% -6.33% -6.33%
Accrued Expenses $791.0M $1.542B $1.542B
YoY Change -49.03% -9.93% -9.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $301.0M $353.0M $353.0M
YoY Change 12.31% 27.9% 27.9%
Total Short-Term Liabilities $4.829B $4.459B $4.459B
YoY Change -0.58% -1.17% -1.17%
LONG-TERM LIABILITIES
Long-Term Debt $2.264B $2.182B $2.182B
YoY Change 26.13% 15.88% 15.88%
Other Long-Term Liabilities $311.0M $3.164B $3.164B
YoY Change -90.94% -9.5% -9.5%
Total Long-Term Liabilities $2.575B $5.346B $5.346B
YoY Change -50.74% -0.61% -0.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.829B $4.459B $4.459B
Total Long-Term Liabilities $2.575B $5.346B $5.346B
Total Liabilities $7.404B $10.50B $10.50B
YoY Change -30.2% 0.33% 0.33%
SHAREHOLDERS EQUITY
Retained Earnings $4.403B $4.535B
YoY Change 5.89% 5.47%
Common Stock $708.0M $696.0M
YoY Change 20.41% 20.42%
Preferred Stock
YoY Change
Treasury Stock (at cost) $840.0M $819.0M
YoY Change 21.39% 21.51%
Treasury Stock Shares
Shareholders Equity $3.977B $4.113B $4.113B
YoY Change
Total Liabilities & Shareholders Equity $14.81B $14.61B $14.61B
YoY Change 3.62% 2.32% 2.32%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$132.0M -$2.000M $235.0M
YoY Change -7.04% -109.09% 305.17%
Depreciation, Depletion And Amortization $126.0M $121.0M $451.0M
YoY Change 21.15% 15.24% 8.67%
Cash From Operating Activities $292.0M -$53.00M $1.050B
YoY Change 31.53% -688.89% -25.95%
INVESTING ACTIVITIES
Capital Expenditures $57.00M $503.0M $1.494B
YoY Change -54.03% -169.67% -189.41%
Acquisitions
YoY Change
Other Investing Activities -$93.00M $350.0M $531.0M
YoY Change -150.54% -10.71% 17.22%
Cash From Investing Activities $318.0M -$153.0M -$963.0M
YoY Change 430.0% -53.64% -20.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $102.0M $282.0M
YoY Change 6.25% -26.75%
Cash From Financing Activities -$5.000M -160.0M -148.0M
YoY Change -95.61% 451.72% -54.46%
NET CHANGE
Cash From Operating Activities $292.0M -53.00M 1.050B
Cash From Investing Activities $318.0M -153.0M -963.0M
Cash From Financing Activities -$5.000M -160.0M -148.0M
Net Change In Cash $605.0M -366.0M -61.00M
YoY Change 260.12% 4.57% -51.2%
FREE CASH FLOW
Cash From Operating Activities $292.0M -$53.00M $1.050B
Capital Expenditures $57.00M $503.0M $1.494B
Free Cash Flow $235.0M -$556.0M -$444.0M
YoY Change 139.8% -176.06% -114.37%

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14186000000 usd
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1900000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1700000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1400000 shares
CY2023 us-gaap Net Income Loss
NetIncomeLoss
235000000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
58000000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
478000000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127375000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126657000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125063000.000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1333000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1242000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1712000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128708000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127899000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126775000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.84
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.82
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.77
CY2023Q4 alk Business Acquisition Amount Per Share Paid To Each Holder Of Record
BusinessAcquisitionAmountPerSharePaidToEachHolderOfRecord
18.00
CY2023Q4 alk Business Acquisition Amount Paid To Each Holder Of Record
BusinessAcquisitionAmountPaidToEachHolderOfRecord
1000000000 usd
CY2023 dei Auditor Name
AuditorName
KPMG LLP
CY2023 dei Auditor Location
AuditorLocation
Seattle, WA
CY2023 dei Auditor Firm
AuditorFirmId
185

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