2024 Q4 Form 10-Q Financial Statement

#000105350724000130 Filed on October 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $2.522B
YoY Change -10.51%
Cost Of Revenue $651.8M
YoY Change -20.1%
Gross Profit $1.871B
YoY Change -6.61%
Gross Profit Margin 74.16%
Selling, General & Admin $227.7M
YoY Change -1.81%
% of Gross Profit 12.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $512.8M
YoY Change -32.78%
% of Gross Profit 27.42%
Operating Expenses $227.7M
YoY Change -1.81%
Operating Profit $1.139B
YoY Change 72.95%
Interest Expense -$656.5M
YoY Change -282.77%
% of Operating Profit -57.63%
Other Income/Expense, Net -$588.7M
YoY Change 3649.68%
Pretax Income $550.5M
YoY Change -14.39%
Income Tax $122.4M
% Of Pretax Income 22.23%
Net Earnings -$780.4M
YoY Change -235.18%
Net Earnings / Revenue -30.94%
Basic Earnings Per Share -$1.70
Diluted Earnings Per Share -$1.69
COMMON SHARES
Basic Shares Outstanding 467.3M shares 467.1M shares
Diluted Shares Outstanding 468.3M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.150B
YoY Change 1.48%
Cash & Equivalents $2.150B
Short-Term Investments
Other Short-Term Assets $711.5M
YoY Change 4.17%
Inventory
Prepaid Expenses $109.4M
Receivables $537.8M
Other Receivables $0.00
Total Short-Term Assets $3.400B
YoY Change -11.7%
LONG-TERM ASSETS
Property, Plant & Equipment $27.61B
YoY Change -2.84%
Goodwill $12.05B
YoY Change -4.17%
Intangibles $15.20B
YoY Change -8.77%
Long-Term Investments
YoY Change
Other Assets $764.3M
YoY Change 16.67%
Total Long-Term Assets $59.42B
YoY Change -3.86%
TOTAL ASSETS
Total Short-Term Assets $3.400B
Total Long-Term Assets $59.42B
Total Assets $62.82B
YoY Change -4.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $221.3M
YoY Change 2.36%
Accrued Expenses $982.3M
YoY Change -19.67%
Deferred Revenue $496.2M
YoY Change 5.02%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $3.731B
YoY Change 18.15%
Total Short-Term Liabilities $7.070B
YoY Change 2.92%
LONG-TERM LIABILITIES
Long-Term Debt $33.37B
YoY Change -5.85%
Other Long-Term Liabilities $1.199B
YoY Change 5.62%
Total Long-Term Liabilities $1.199B
YoY Change 5.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.070B
Total Long-Term Liabilities $1.199B
Total Liabilities $52.62B
YoY Change -3.3%
SHAREHOLDERS EQUITY
Retained Earnings -$4.894B
YoY Change 67.16%
Common Stock $4.800M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.642B
YoY Change
Total Liabilities & Shareholders Equity $62.82B
YoY Change -4.32%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$780.4M
YoY Change -235.18%
Depreciation, Depletion And Amortization $512.8M
YoY Change -32.78%
Cash From Operating Activities $1.469B
YoY Change 12.98%
INVESTING ACTIVITIES
Capital Expenditures $424.7M
YoY Change 8.7%
Acquisitions
YoY Change
Other Investing Activities $1.721B
YoY Change -3047.43%
Cash From Investing Activities $1.297B
YoY Change -388.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.126B
YoY Change 341.68%
NET CHANGE
Cash From Operating Activities 1.469B
Cash From Investing Activities 1.297B
Cash From Financing Activities -3.126B
Net Change In Cash -359.8M
YoY Change -350.21%
FREE CASH FLOW
Cash From Operating Activities $1.469B
Capital Expenditures $424.7M
Free Cash Flow $1.045B
YoY Change 14.81%

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us-gaap Proceeds From Income Tax Refunds
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-792300000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-792300000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
586900000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
586900000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1025400000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1025400000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1398400000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1398400000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
467196000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
466168000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
466919000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
466000000 shares
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1065000 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
993000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1082000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1034000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
468261000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
467161000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
468001000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
467034000 shares
CY2024Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.89
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.68
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
4.29
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.31
CY2024Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-2.59
CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.42
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-2.10
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.31
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.70
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.00
CY2024Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.89
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.68
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
4.28
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.31
CY2024Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-2.58
CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.42
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-2.09
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.31
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.69
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.99
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
43700000 usd
CY2024Q3 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
56700000 usd
CY2024Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
498500000 usd
CY2024Q3 us-gaap Other Expenses
OtherExpenses
593800000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
550500000 usd
CY2024Q3 us-gaap Assets
Assets
62816800000 usd
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
43700000 usd
CY2024Q3 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
67900000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
39400000 usd
CY2023Q3 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
57700000 usd
CY2023Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
723200000 usd
CY2023Q3 us-gaap Other Expenses
OtherExpenses
115300000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
824300000 usd
CY2023Q3 us-gaap Assets
Assets
65653000000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
39400000 usd
CY2023Q3 amt Asset Impairment Charges Included In Other Operating Expense
AssetImpairmentChargesIncludedInOtherOperatingExpense
9800000 usd
CY2023Q3 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
3500000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
150800000 usd
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
174400000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1527900000 usd
us-gaap Other Expenses
OtherExpenses
1122300000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2319100000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
150800000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
93900000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
149000000.0 usd
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
172300000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
2203600000 usd
us-gaap Other Expenses
OtherExpenses
1127800000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1598100000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
149000000.0 usd
amt Asset Impairment Charges Included In Other Operating Expense
AssetImpairmentChargesIncludedInOtherOperatingExpense
76900000 usd
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

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