2024 Q4 Form 10-Q Financial Statement

#000106223124000094 Filed on November 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $1.505B
YoY Change -3.03%
Cost Of Revenue $1.334B
YoY Change -6.17%
Gross Profit $171.3M
YoY Change 31.16%
Gross Profit Margin 11.38%
Selling, General & Admin $94.60M
YoY Change 15.65%
% of Gross Profit 55.22%
Research & Development $40.10M
YoY Change 12.01%
% of Gross Profit 23.41%
Depreciation & Amortization $116.9M
YoY Change -2.91%
% of Gross Profit 68.24%
Operating Expenses $94.60M
YoY Change 15.65%
Operating Profit $41.70M
YoY Change 74.48%
Interest Expense $45.20M
YoY Change -11.02%
% of Operating Profit 108.39%
Other Income/Expense, Net -$5.500M
YoY Change -389.47%
Pretax Income -$2.100M
YoY Change -89.18%
Income Tax -$12.10M
% Of Pretax Income
Net Earnings $10.00M
YoY Change -157.47%
Net Earnings / Revenue 0.66%
Basic Earnings Per Share $0.08
Diluted Earnings Per Share $0.08
COMMON SHARES
Basic Shares Outstanding 117.6M shares 117.6M shares
Diluted Shares Outstanding 117.8M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $542.5M
YoY Change -11.87%
Cash & Equivalents $542.5M
Short-Term Investments
Other Short-Term Assets $227.3M
YoY Change 27.7%
Inventory $465.6M
Prepaid Expenses
Receivables $900.1M
Other Receivables $0.00
Total Short-Term Assets $2.136B
YoY Change -0.17%
LONG-TERM ASSETS
Property, Plant & Equipment $1.657B
YoY Change -6.14%
Goodwill $174.1M
YoY Change -3.81%
Intangibles $477.5M
YoY Change -13.7%
Long-Term Investments
YoY Change
Other Assets $474.0M
YoY Change 6.78%
Total Long-Term Assets $3.193B
YoY Change -4.29%
TOTAL ASSETS
Total Short-Term Assets $2.136B
Total Long-Term Assets $3.193B
Total Assets $5.328B
YoY Change -2.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $805.7M
YoY Change -0.74%
Accrued Expenses $404.3M
YoY Change 1.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $42.70M
YoY Change 74.29%
Total Short-Term Liabilities $1.294B
YoY Change 3.64%
LONG-TERM LIABILITIES
Long-Term Debt $2.676B
YoY Change -7.09%
Other Long-Term Liabilities $763.6M
YoY Change -1.09%
Total Long-Term Liabilities $2.676B
YoY Change -7.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.294B
Total Long-Term Liabilities $2.676B
Total Liabilities $4.712B
YoY Change -3.07%
SHAREHOLDERS EQUITY
Retained Earnings -$234.5M
YoY Change -11.21%
Common Stock $1.394B
YoY Change 1.07%
Preferred Stock
YoY Change
Treasury Stock (at cost) $235.7M
YoY Change 1.2%
Treasury Stock Shares
Shareholders Equity $616.3M
YoY Change
Total Liabilities & Shareholders Equity $5.328B
YoY Change -2.68%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $10.00M
YoY Change -157.47%
Depreciation, Depletion And Amortization $116.9M
YoY Change -2.91%
Cash From Operating Activities $143.6M
YoY Change -19.46%
INVESTING ACTIVITIES
Capital Expenditures $73.20M
YoY Change 52.82%
Acquisitions
YoY Change
Other Investing Activities -$6.100M
YoY Change 577.78%
Cash From Investing Activities -$79.30M
YoY Change 62.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -47.50M
YoY Change 128.37%
NET CHANGE
Cash From Operating Activities 143.6M
Cash From Investing Activities -79.30M
Cash From Financing Activities -47.50M
Net Change In Cash 16.80M
YoY Change -84.54%
FREE CASH FLOW
Cash From Operating Activities $143.6M
Capital Expenditures $73.20M
Free Cash Flow $70.40M
YoY Change -46.01%

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axl Restructuringandacquisitionrelatedcosts
Restructuringandacquisitionrelatedcosts
9700000 usd
axl Restructuringandacquisitionrelatedcosts
Restructuringandacquisitionrelatedcosts
16200000 usd
CY2024Q3 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
0 usd
CY2023Q3 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
-1200000 usd
us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
-100000 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2024Q3 axl Sales Revenue Goods Net Inclusiveof Intersegment Sales
SalesRevenueGoodsNetInclusiveofIntersegmentSales
1639300000 usd
CY2024Q3 axl Sales Revenue Goods Net Intersegment Sales
SalesRevenueGoodsNetIntersegmentSales
134400000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1504900000 usd
CY2024Q3 axl Segment Adjusted Ebitda
SegmentAdjustedEBITDA
174400000 usd
CY2023Q3 axl Sales Revenue Goods Net Inclusiveof Intersegment Sales
SalesRevenueGoodsNetInclusiveofIntersegmentSales
1686000000 usd
CY2023Q3 axl Sales Revenue Goods Net Intersegment Sales
SalesRevenueGoodsNetIntersegmentSales
134100000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1551900000 usd
CY2023Q3 axl Segment Adjusted Ebitda
SegmentAdjustedEBITDA
156800000 usd
axl Sales Revenue Goods Net Inclusiveof Intersegment Sales
SalesRevenueGoodsNetInclusiveofIntersegmentSales
5167400000 usd
axl Sales Revenue Goods Net Intersegment Sales
SalesRevenueGoodsNetIntersegmentSales
423300000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4744100000 usd
axl Sales Revenue Goods Net Inclusiveof Intersegment Sales
SalesRevenueGoodsNetInclusiveofIntersegmentSales
5039600000 usd
axl Sales Revenue Goods Net Intersegment Sales
SalesRevenueGoodsNetIntersegmentSales
423100000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4616500000 usd
axl Segment Adjusted Ebitda
SegmentAdjustedEBITDA
523800000 usd
CY2024Q3 axl Segment Adjusted Ebitda
SegmentAdjustedEBITDA
174400000 usd
CY2023Q3 axl Segment Adjusted Ebitda
SegmentAdjustedEBITDA
156800000 usd
axl Segment Adjusted Ebitda
SegmentAdjustedEBITDA
588400000 usd
axl Segment Adjusted Ebitda
SegmentAdjustedEBITDA
523800000 usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
45200000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
50800000 usd
us-gaap Interest Expense
InterestExpense
142100000 usd
us-gaap Interest Expense
InterestExpense
151500000 usd
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
116900000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
120400000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
354300000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
365800000 usd
CY2024Q3 axl Restructuringandacquisitionrelatedcosts
Restructuringandacquisitionrelatedcosts
2200000 usd
CY2023Q3 axl Restructuringandacquisitionrelatedcosts
Restructuringandacquisitionrelatedcosts
3500000 usd
axl Restructuringandacquisitionrelatedcosts
Restructuringandacquisitionrelatedcosts
9700000 usd
axl Restructuringandacquisitionrelatedcosts
Restructuringandacquisitionrelatedcosts
16200000 usd
CY2024Q3 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
0 usd
CY2023Q3 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
-1200000 usd
us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
-100000 usd
us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
-1200000 usd
CY2024Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-200000 usd
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-300000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-500000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-300000 usd
CY2024Q3 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
12000000.0 usd
CY2023Q3 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
0 usd
us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
12000000.0 usd
us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
0 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2100000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-19400000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
69700000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-11200000 usd
us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
-1200000 usd
CY2024Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-200000 usd
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-300000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-500000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-300000 usd
CY2024Q3 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
12000000.0 usd
CY2023Q3 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
0 usd
us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
12000000.0 usd
us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
0 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2100000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-19400000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
69700000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-11200000 usd

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