2024 Q4 Form 10-Q Financial Statement

#000162828024044066 Filed on October 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q4
Revenue $1.051B $1.064B
YoY Change 2.5% 5.3%
Cost Of Revenue $826.4M $858.3M
YoY Change -0.55% 4.07%
Gross Profit $224.8M $205.7M
YoY Change 15.52% 10.77%
Gross Profit Margin 21.39% 19.33%
Selling, General & Admin $82.40M $92.30M
YoY Change 18.05% 20.18%
% of Gross Profit 36.65% 44.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.50M $39.50M
YoY Change 8.15% 10.34%
% of Gross Profit 17.13% 19.2%
Operating Expenses $82.40M $92.30M
YoY Change 18.05% 20.18%
Operating Profit $142.2M $113.4M
YoY Change 13.58% 4.13%
Interest Expense -$28.20M -$27.80M
YoY Change 15.1% 52.75%
% of Operating Profit -19.83% -24.51%
Other Income/Expense, Net $4.400M -$72.40M
YoY Change 1127.12%
Pretax Income $114.9M $8.100M
YoY Change 35.98% -90.52%
Income Tax $28.30M -$141.1M
% Of Pretax Income 24.63% -1741.98%
Net Earnings $82.70M $145.7M
YoY Change 9.25% 89.47%
Net Earnings / Revenue 7.87% 13.69%
Basic Earnings Per Share $0.64 $1.15
Diluted Earnings Per Share $0.57 $0.99
COMMON SHARES
Basic Shares Outstanding 142.6M shares 124.5M shares 127.6M shares
Diluted Shares Outstanding 146.8M shares 150.2M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $406.6M $743.9M
YoY Change -6.08% 27.38%
Cash & Equivalents $406.6M $743.9M
Short-Term Investments
Other Short-Term Assets $136.6M $62.20M
YoY Change 86.36% 16.48%
Inventory $1.415B $1.248B
Prepaid Expenses
Receivables $730.2M $684.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.778B $2.738B
YoY Change 6.87% 10.55%
LONG-TERM ASSETS
Property, Plant & Equipment $1.747B $1.666B
YoY Change 7.39% 7.54%
Goodwill $227.2M $227.2M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $313.7M $354.3M
YoY Change 12.88% 83.67%
Total Long-Term Assets $2.287B $2.247B
YoY Change 7.32% 14.13%
TOTAL ASSETS
Total Short-Term Assets $2.778B $2.738B
Total Long-Term Assets $2.287B $2.247B
Total Assets $5.066B $4.985B
YoY Change 7.07% 12.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $528.5M $524.8M
YoY Change 21.49% -5.15%
Accrued Expenses $242.4M $256.8M
YoY Change -1.7% 16.83%
Deferred Revenue $146.5M $163.6M
YoY Change 32.94% 9.73%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $27.90M $31.90M
YoY Change -25.6% -23.5%
Total Short-Term Liabilities $945.3M $977.1M
YoY Change 13.99% 1.37%
LONG-TERM LIABILITIES
Long-Term Debt $1.856B $2.148B
YoY Change -13.61% 25.87%
Other Long-Term Liabilities $152.1M $379.8M
YoY Change -17.92% 82.86%
Total Long-Term Liabilities $152.1M $2.528B
YoY Change -17.92% 1116.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $945.3M $977.1M
Total Long-Term Liabilities $152.1M $2.528B
Total Liabilities $3.154B $3.612B
YoY Change -6.56% 9.84%
SHAREHOLDERS EQUITY
Retained Earnings -$72.80M -$70.10M
YoY Change -118.26% -139.63%
Common Stock $1.952B $1.710B
YoY Change 14.65% 1.73%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.30M $184.0M
YoY Change -91.34% 111.49%
Treasury Stock Shares
Shareholders Equity $1.791B $1.373B
YoY Change
Total Liabilities & Shareholders Equity $5.066B $4.985B
YoY Change 7.07% 12.14%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q4
OPERATING ACTIVITIES
Net Income $82.70M $145.7M
YoY Change 9.25% 89.47%
Depreciation, Depletion And Amortization $38.50M $39.50M
YoY Change 8.15% 10.34%
Cash From Operating Activities $14.40M $417.2M
YoY Change -112.61% 28.65%
INVESTING ACTIVITIES
Capital Expenditures $65.80M $53.40M
YoY Change 49.55% 75.66%
Acquisitions
YoY Change
Other Investing Activities $4.700M $3.400M
YoY Change 193.75% -27.66%
Cash From Investing Activities -$61.10M -$50.00M
YoY Change 44.1% 94.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 27.70M -56.20M
YoY Change -91.41% 28.6%
NET CHANGE
Cash From Operating Activities 14.40M 417.2M
Cash From Investing Activities -61.10M -50.00M
Cash From Financing Activities 27.70M -56.20M
Net Change In Cash -19.00M 311.0M
YoY Change -111.46% 22.01%
FREE CASH FLOW
Cash From Operating Activities $14.40M $417.2M
Capital Expenditures $65.80M $53.40M
Free Cash Flow -$51.40M $363.8M
YoY Change -67.51% 23.78%

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dei Current Fiscal Year End Date
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dei Document Fiscal Year Focus
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dei Document Quarterly Report
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dei Entity Address Address Line1
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dei Local Phone Number
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dei Security12b Title
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dei Trading Symbol
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dei Security Exchange Name
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CY2024Q3 us-gaap Property Plant And Equipment Gross
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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ati Restructuring Settlement And Impairment Provisions Excluding Goodwill Impairment Loss
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CY2024Q3 ati Rent Royalty And Other Income
RentRoyaltyAndOtherIncome
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CY2023Q4 ati Rent Royalty And Other Income
RentRoyaltyAndOtherIncome
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ati Rent Royalty And Other Income
RentRoyaltyAndOtherIncome
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ati Rent Royalty And Other Income
RentRoyaltyAndOtherIncome
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Gain Loss On Disposition Of Assets1
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CY2024Q3 us-gaap Income Loss From Equity Method Investments
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CY2023Q4 ati Other Other Nonoperating Income Expense
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CY2024Q3 us-gaap Other Nonoperating Income Expense
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ati Restructuring Settlement And Impairment Provisions Excluding Goodwill Impairment Loss
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CY2023Q4 ati Restructuring Settlement And Impairment Provisions Excluding Goodwill Impairment Loss
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us-gaap Restructuring And Related Cost Number Of Positions Eliminated
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CY2023Q4 us-gaap Restructuring Reserve
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CY2024Q3 us-gaap Restructuring Reserve
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CY2023Q4 ati Restructuring Settlement And Impairment Provisions Excluding Goodwill Impairment Loss
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us-gaap Restructuring And Related Cost Number Of Positions Eliminated
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CY2023Q4 us-gaap Restructuring Reserve
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CY2024Q3 us-gaap Restructuring Reserve
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CY2023Q4 us-gaap Deferred Finance Costs Net
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CY2023Q4 ati Total Debt
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CY2024Q3 us-gaap Debt Current
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CY2023Q4 us-gaap Debt Current
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CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations
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CY2024Q3 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
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CY2024Q3 ati Receipt Of Convertible Note Capped Call
ReceiptOfConvertibleNoteCappedCall
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ati Percentage Of Raw Material Usage Hedged
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ati Percentage Of Forecasted Natural Gas Usage Hedgedfor Year1
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ati Percentage Of Forecasted Natural Gas Usage Hedgedfor Year2
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ati Percentage Of Forecasted Natural Gas Usage Hedged For Year3
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CY2024Q3 us-gaap Deferred Finance Costs Net
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CY2023Q4 us-gaap Deferred Finance Costs Net
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CY2024Q3 ati Total Debt
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CY2023Q4 ati Total Debt
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CY2024Q3 us-gaap Debt Current
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CY2023Q4 us-gaap Debt Current
DebtCurrent
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CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations
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CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
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CY2024Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
291000000.0 usd
CY2024Q3 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
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CY2024Q3 ati Receipt Of Convertible Note Capped Call
ReceiptOfConvertibleNoteCappedCall
76100000 usd
ati Percentage Of Raw Material Usage Hedged
PercentageOfRawMaterialUsageHedged
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ati Percentage Of Forecasted Natural Gas Usage Hedgedfor Year1
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ati Percentage Of Forecasted Natural Gas Usage Hedgedfor Year2
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