2024 Q3 Form 10-Q Financial Statement

#000138905024000035 Filed on July 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $292.2M $270.5M
YoY Change 15.31% 9.28%
Cost Of Revenue $114.2M $114.4M
YoY Change 2.0% 2.75%
Gross Profit $178.0M $156.1M
YoY Change 25.85% 14.63%
Gross Profit Margin 60.91% 57.7%
Selling, General & Admin $34.06M $31.16M
YoY Change 19.26% 8.78%
% of Gross Profit 19.14% 19.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.38M $43.85M
YoY Change 14.76% 6.41%
% of Gross Profit 27.18% 28.09%
Operating Expenses $34.06M $31.16M
YoY Change 19.26% -56.31%
Operating Profit $143.9M $124.9M
YoY Change 27.51% 92.65%
Interest Expense -$30.18M -$27.86M
YoY Change -206.49% -2.69%
% of Operating Profit -20.97% -22.3%
Other Income/Expense, Net $304.0K -$128.0K
YoY Change 29.36% -91.25%
Pretax Income $52.95M $47.48M
YoY Change 25.15% 37.29%
Income Tax $15.44M $13.06M
% Of Pretax Income 29.15% 27.5%
Net Earnings $37.52M $34.43M
YoY Change 21.58% 41.67%
Net Earnings / Revenue 12.84% 12.73%
Basic Earnings Per Share $0.22 $0.22
Diluted Earnings Per Share $0.22 $0.22
COMMON SHARES
Basic Shares Outstanding 168.9M 156.3M
Diluted Shares Outstanding 166.2M 154.8M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.749M $919.0K
YoY Change 677.8% -22.97%
Cash & Equivalents $3.749M $919.0K
Short-Term Investments
Other Short-Term Assets $7.547M $8.671M
YoY Change 5.6% 1.17%
Inventory $84.37M $79.23M
Prepaid Expenses
Receivables $141.1M $108.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $244.7M $204.2M
YoY Change 8.81% -8.67%
LONG-TERM ASSETS
Property, Plant & Equipment $3.261B $2.372B
YoY Change 41.63% 2.42%
Goodwill $116.9M
YoY Change
Intangibles $78.20M $27.29M
YoY Change 146.83% -18.08%
Long-Term Investments $4.300M $4.300M
YoY Change
Other Assets $54.24M $46.64M
YoY Change 30.82% -56.48%
Total Long-Term Assets $3.572B $2.506B
YoY Change 45.94% 2.04%
TOTAL ASSETS
Total Short-Term Assets $244.7M $204.2M
Total Long-Term Assets $3.572B $2.506B
Total Assets $3.816B $2.711B
YoY Change 42.82% 1.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $70.12M $43.98M
YoY Change 34.85% -32.69%
Accrued Expenses $119.3M $83.56M
YoY Change 18.0% 16.86%
Deferred Revenue $5.238M $5.661M
YoY Change -16.51% 7.6%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $194.7M $133.2M
YoY Change 22.14% -6.27%
LONG-TERM LIABILITIES
Long-Term Debt $2.236B $1.609B
YoY Change 39.36% -1.85%
Other Long-Term Liabilities $32.92M $26.43M
YoY Change 32.36% -37.15%
Total Long-Term Liabilities $2.269B $1.635B
YoY Change 39.25% -2.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $194.7M $133.2M
Total Long-Term Liabilities $2.269B $1.635B
Total Liabilities $2.526B $1.816B
YoY Change 39.45% -0.46%
SHAREHOLDERS EQUITY
Retained Earnings -$2.467B -$2.477B
YoY Change -1.66% -1.53%
Common Stock $1.854M $1.658M
YoY Change 12.43% 0.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.291B $894.5M
YoY Change
Total Liabilities & Shareholders Equity $3.816B $2.711B
YoY Change 42.82% 1.14%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $37.52M $34.43M
YoY Change 21.58% 41.67%
Depreciation, Depletion And Amortization $48.38M $43.85M
YoY Change 14.76% 6.41%
Cash From Operating Activities $96.90M $70.65M
YoY Change -19.3% 131.32%
INVESTING ACTIVITIES
Capital Expenditures $70.02M $91.27M
YoY Change -6.02% -11.46%
Acquisitions
YoY Change
Other Investing Activities -$861.2M $3.706M
YoY Change -5080.71% -62.2%
Cash From Investing Activities -$931.2M -$87.57M
YoY Change 1527.63% -6.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 837.1M 16.68M
YoY Change -1416.83% -72.61%
NET CHANGE
Cash From Operating Activities 96.90M 70.65M
Cash From Investing Activities -931.2M -87.57M
Cash From Financing Activities 837.1M 16.68M
Net Change In Cash 2.830M -236.0K
YoY Change -498.03% -87.3%
FREE CASH FLOW
Cash From Operating Activities $96.90M $70.65M
Capital Expenditures $70.02M $91.27M
Free Cash Flow $26.88M -$20.62M
YoY Change -41.01% -71.58%

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Files In Submission

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0001389050-24-000035-index-headers.html Edgar Link pending
0001389050-24-000035-index.html Edgar Link pending
0001389050-24-000035.txt Edgar Link pending
0001389050-24-000035-xbrl.zip Edgar Link pending
aroc-20240630.xsd Edgar Link pending
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