2024 Q2 Form 10-Q Financial Statement

#000162828024022215 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $0.00 $0.00
YoY Change -100.0% -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $26.16M $28.05M
YoY Change -1.98% 11.5%
% of Gross Profit
Research & Development $152.4M $101.1M
YoY Change 60.87% 35.04%
% of Gross Profit
Depreciation & Amortization $4.400M $4.100M
YoY Change 51.72% 86.36%
% of Gross Profit
Operating Expenses $176.1M $126.2M
YoY Change 48.61% 28.63%
Operating Profit -$176.1M -$126.2M
YoY Change 71.51% -362.0%
Interest Expense $1.404M $7.244M
YoY Change -72.78% 43.25%
% of Operating Profit
Other Income/Expense, Net $2.164M -$805.0K
YoY Change -418.24% 64.62%
Pretax Income -$174.0M -$127.0M
YoY Change 68.28% -366.37%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$170.8M -$125.3M
YoY Change 65.91% -357.42%
Net Earnings / Revenue
Basic Earnings Per Share -$1.38 -$1.02
Diluted Earnings Per Share -$1.38 -$1.02
COMMON SHARES
Basic Shares Outstanding 124.2M shares 123.9M shares
Diluted Shares Outstanding 124.2M shares 123.3M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $436.7M $523.1M
YoY Change -3.33% 8.75%
Cash & Equivalents $69.40M $127.7M
Short-Term Investments $367.3M $395.4M
Other Short-Term Assets $4.184M $7.514M
YoY Change -41.58% -47.95%
Inventory
Prepaid Expenses $9.207M $11.02M
Receivables
Other Receivables
Total Short-Term Assets $450.1M $541.7M
YoY Change -4.28% -5.77%
LONG-TERM ASSETS
Property, Plant & Equipment $375.9M $359.3M
YoY Change 62.47% 93.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.460M $210.0K
YoY Change 2023.81% 0.0%
Total Long-Term Assets $433.7M $413.5M
YoY Change 33.16% 30.65%
TOTAL ASSETS
Total Short-Term Assets $450.1M $541.7M
Total Long-Term Assets $433.7M $413.5M
Total Assets $883.8M $955.2M
YoY Change 11.05% 7.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.55M $8.521M
YoY Change 237.19% -10.83%
Accrued Expenses $47.90M $37.06M
YoY Change 25.42% -6.31%
Deferred Revenue $0.00 $0.00
YoY Change -100.0% -100.0%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $96.71M $65.18M
YoY Change 37.72% -25.22%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $448.1M $394.6M
YoY Change 66876.23% 16.37%
Total Long-Term Liabilities $448.1M $394.6M
YoY Change 30.39% 16.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $96.71M $65.18M
Total Long-Term Liabilities $448.1M $394.6M
Total Liabilities $544.8M $459.7M
YoY Change 31.63% 7.87%
SHAREHOLDERS EQUITY
Retained Earnings -$1.455B -$1.284B
YoY Change 58.78% 57.88%
Common Stock $1.787B $1.769B
YoY Change 39.4% 40.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $330.5M $483.8M
YoY Change
Total Liabilities & Shareholders Equity $883.8M $955.2M
YoY Change 11.05% 7.16%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$170.8M -$125.3M
YoY Change 65.91% -357.42%
Depreciation, Depletion And Amortization $4.400M $4.100M
YoY Change 51.72% 86.36%
Cash From Operating Activities -$115.4M -$92.38M
YoY Change 438.18% 191.68%
INVESTING ACTIVITIES
Capital Expenditures $14.45M $34.07M
YoY Change -69.0% 24.75%
Acquisitions
YoY Change
Other Investing Activities $21.40M -$234.9M
YoY Change -41.69% 2583.83%
Cash From Investing Activities $6.949M -$268.9M
YoY Change -170.16% 645.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 50.39M 430.8M
YoY Change 2691.52% 82741.73%
NET CHANGE
Cash From Operating Activities -115.4M -92.38M
Cash From Investing Activities 6.949M -268.9M
Cash From Financing Activities 50.39M 430.8M
Net Change In Cash -58.08M 69.46M
YoY Change 96.58% -203.34%
FREE CASH FLOW
Cash From Operating Activities -$115.4M -$92.38M
Capital Expenditures $14.45M $34.07M
Free Cash Flow -$129.9M -$126.5M
YoY Change 90.84% 114.38%

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