2024 Q3 Form 10-Q Financial Statement

#000178403124000013 Filed on August 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $2.531B $2.543B
YoY Change 9.66% 41.59%
Cost Of Revenue $710.0M $670.0M
YoY Change 17.36% 36.18%
Gross Profit $1.821B $1.873B
YoY Change 6.93% 43.63%
Gross Profit Margin 71.95% 73.65%
Selling, General & Admin $285.0M $284.0M
YoY Change -1.38% 42.0%
% of Gross Profit 15.65% 15.16%
Research & Development $29.00M $71.00M
YoY Change -27.5% 91.89%
% of Gross Profit 1.59% 3.79%
Depreciation & Amortization $595.0M $588.0M
YoY Change 42.34% 60.22%
% of Gross Profit 32.67% 31.39%
Operating Expenses $2.674B $1.564B
YoY Change 113.75% 41.54%
Operating Profit -$143.0M $979.0M
YoY Change -113.53% 41.68%
Interest Expense -$110.0M -$103.0M
YoY Change 15.79% 232.26%
% of Operating Profit -10.52%
Other Income/Expense, Net $18.00M -$7.000M
YoY Change 28.57% -106.42%
Pretax Income -$340.0M $928.0M
YoY Change -140.82% 32.57%
Income Tax -$201.0M $308.0M
% Of Pretax Income 33.19%
Net Earnings -$139.0M $620.0M
YoY Change -125.05% 34.2%
Net Earnings / Revenue -5.49% 24.38%
Basic Earnings Per Share -$0.60 $1.46
Diluted Earnings Per Share -$0.60 $1.46
COMMON SHARES
Basic Shares Outstanding 369.9M shares 371.2M shares
Diluted Shares Outstanding 370.0M shares 372.0M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.00M $160.0M
YoY Change -32.63% 12.68%
Cash & Equivalents $64.00M $160.0M
Short-Term Investments
Other Short-Term Assets $813.0M $822.0M
YoY Change -14.6% -24.79%
Inventory $501.0M $466.0M
Prepaid Expenses
Receivables $1.652B $1.936B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.620B $2.918B
YoY Change 29.29% 12.27%
LONG-TERM ASSETS
Property, Plant & Equipment $12.60B $14.46B
YoY Change 32.64% 54.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $3.155B $2.821B
YoY Change 459.4% 384.71%
Total Long-Term Assets $15.76B $17.28B
YoY Change 46.64% 62.3%
TOTAL ASSETS
Total Short-Term Assets $3.620B $2.918B
Total Long-Term Assets $15.76B $17.28B
Total Assets $19.38B $20.20B
YoY Change 43.05% 52.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $939.0M $1.012B
YoY Change 26.72% 54.27%
Accrued Expenses $1.225B $1.372B
YoY Change 11.67% 36.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.000M $2.000M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $2.925B $2.889B
YoY Change 11.01% 9.85%
LONG-TERM LIABILITIES
Long-Term Debt $6.370B $6.741B
YoY Change 14.12% 20.94%
Other Long-Term Liabilities $574.0M $531.0M
YoY Change 30.45% 20.96%
Total Long-Term Liabilities $574.0M $531.0M
YoY Change 30.45% 20.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.925B $2.889B
Total Long-Term Liabilities $574.0M $531.0M
Total Liabilities $3.499B $3.420B
YoY Change 13.79% 11.44%
SHAREHOLDERS EQUITY
Retained Earnings -$2.509B -$2.286B
YoY Change -46.98% -55.96%
Common Stock $307.0M $307.0M
YoY Change 16.73% 16.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.114B $5.423B
YoY Change
Total Liabilities & Shareholders Equity $19.38B $20.20B
YoY Change 43.05% 52.48%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$139.0M $620.0M
YoY Change -125.05% 34.2%
Depreciation, Depletion And Amortization $595.0M $588.0M
YoY Change 42.34% 60.22%
Cash From Operating Activities $1.339B $877.0M
YoY Change 75.26% -12.3%
INVESTING ACTIVITIES
Capital Expenditures $931.0M $756.0M
YoY Change 42.57% 30.34%
Acquisitions
YoY Change
Other Investing Activities $76.00M $692.0M
YoY Change -642.86% -23166.67%
Cash From Investing Activities -$855.0M -$64.00M
YoY Change 28.19% -89.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -580.0M -755.0M
YoY Change 302.78% 75.99%
NET CHANGE
Cash From Operating Activities 1.339B 877.0M
Cash From Investing Activities -855.0M -64.00M
Cash From Financing Activities -580.0M -755.0M
Net Change In Cash -96.00M 58.00M
YoY Change 104.26% -583.33%
FREE CASH FLOW
Cash From Operating Activities $1.339B $877.0M
Capital Expenditures $931.0M $756.0M
Free Cash Flow $408.0M $121.0M
YoY Change 267.57% -71.19%

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