2023 Q4 Form 10-K Financial Statement
#000114036123053869 Filed on November 17, 2023
Income Statement
| Concept | 2023 Q4 | 2023 Q3 | 2023 |
|---|---|---|---|
| Revenue | $2.853B | $3.229B | $12.66B |
| YoY Change | -16.6% | -13.34% | -12.63% |
| Cost Of Revenue | $2.379B | $2.649B | $10.35B |
| YoY Change | -16.06% | -14.69% | -14.59% |
| Gross Profit | $474.0M | $580.0M | $2.310B |
| YoY Change | -19.25% | -6.6% | -2.61% |
| Gross Profit Margin | 16.61% | 17.96% | 18.24% |
| Selling, General & Admin | $235.0M | $215.0M | $886.0M |
| YoY Change | 27.03% | 0.0% | 4.24% |
| % of Gross Profit | 49.58% | 37.07% | 38.35% |
| Research & Development | $82.00M | ||
| YoY Change | 1.23% | ||
| % of Gross Profit | 3.55% | ||
| Depreciation & Amortization | $214.0M | $207.0M | $818.0M |
| YoY Change | 7.54% | 1.97% | -0.12% |
| % of Gross Profit | 45.15% | 35.69% | 35.41% |
| Operating Expenses | $235.0M | $276.0M | $968.0M |
| YoY Change | -4.47% | 28.37% | 3.97% |
| Operating Profit | $157.0M | $304.0M | $1.079B |
| YoY Change | -53.96% | -9.52% | -13.12% |
| Interest Expense | -$72.00M | -$78.00M | -$306.0M |
| YoY Change | -2.7% | 11.43% | 6.99% |
| % of Operating Profit | -45.86% | -25.66% | -28.36% |
| Other Income/Expense, Net | -$12.00M | -$11.00M | -$31.00M |
| YoY Change | 33.33% | 57.14% | 40.91% |
| Pretax Income | $73.00M | $178.0M | $742.0M |
| YoY Change | -71.15% | -31.27% | -20.56% |
| Income Tax | $14.00M | $35.00M | $133.0M |
| % Of Pretax Income | 19.18% | 19.66% | 17.92% |
| Net Earnings | $59.00M | $143.0M | $609.0M |
| YoY Change | -74.68% | -30.92% | -20.5% |
| Net Earnings / Revenue | 2.07% | 4.43% | 4.81% |
| Basic Earnings Per Share | $0.51 | $1.20 | $5.07 |
| Diluted Earnings Per Share | $0.50 | $1.20 | $4.95 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 115.5M | 118.7M | 120.1M |
| Diluted Shares Outstanding | 118.3M | 121.1M | 123.0M |
Balance Sheet
| Concept | 2023 Q4 | 2023 Q3 | 2023 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $507.0M | $633.0M | $1.203B |
| YoY Change | -64.04% | 20.11% | -14.68% |
| Cash & Equivalents | $507.0M | $633.0M | $1.203B |
| Short-Term Investments | |||
| Other Short-Term Assets | $257.0M | $229.0M | $205.0M |
| YoY Change | 46.86% | -3.38% | 17.14% |
| Inventory | $1.689B | $1.730B | $1.557B |
| Prepaid Expenses | |||
| Receivables | $1.497B | $1.748B | $1.568B |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $3.950B | $4.340B | $4.533B |
| YoY Change | -23.51% | -7.97% | -12.22% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $4.662B | $5.262B | $5.201B |
| YoY Change | 7.37% | 15.39% | 19.78% |
| Goodwill | $4.981B | ||
| YoY Change | |||
| Intangibles | $1.703B | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $129.0M | $117.0M | $169.0M |
| YoY Change | -47.13% | -19.31% | -30.74% |
| Total Long-Term Assets | $12.19B | $12.21B | $12.05B |
| YoY Change | 3.41% | 0.33% | 2.22% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $3.950B | $4.340B | $4.533B |
| Total Long-Term Assets | $12.19B | $12.21B | $12.05B |
| Total Assets | $16.14B | $16.55B | $16.59B |
| YoY Change | -4.79% | -1.99% | -2.18% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.131B | $1.159B | $1.528B |
| YoY Change | -36.99% | -23.65% | -14.87% |
| Accrued Expenses | $368.0M | $359.0M | $389.0M |
| YoY Change | 1.94% | 235.51% | 7.76% |
| Deferred Revenue | $113.0M | $108.0M | |
| YoY Change | 9.71% | 6.93% | |
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $25.00M | $12.00M | $10.00M |
| YoY Change | 92.31% | -20.0% | -23.08% |
| Total Short-Term Liabilities | $2.370B | $2.325B | $2.713B |
| YoY Change | -16.67% | -11.6% | -4.17% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $8.703B | $9.200B | $8.970B |
| YoY Change | -5.96% | -3.04% | -3.08% |
| Other Long-Term Liabilities | $512.0M | $1.085B | $1.115B |
| YoY Change | 35.45% | 173.3% | -33.39% |
| Total Long-Term Liabilities | $512.0M | $10.29B | $10.09B |
| YoY Change | 35.45% | 2490.68% | -7.72% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $2.370B | $2.325B | $2.713B |
| Total Long-Term Liabilities | $512.0M | $10.29B | $10.09B |
| Total Liabilities | $12.82B | $13.16B | $13.37B |
| YoY Change | -6.86% | -4.46% | -2.83% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $2.336B | $2.344B | |
| YoY Change | -3.51% | 3.81% | |
| Common Stock | $1.266B | $1.223B | |
| YoY Change | 7.47% | 4.35% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $3.328B | $3.387B | $3.216B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $16.14B | $16.55B | $16.59B |
| YoY Change | -4.79% | -1.99% | -2.18% |
Cashflow Statement
| Concept | 2023 Q4 | 2023 Q3 | 2023 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $59.00M | $143.0M | $609.0M |
| YoY Change | -74.68% | -30.92% | -20.5% |
| Depreciation, Depletion And Amortization | $214.0M | $207.0M | $818.0M |
| YoY Change | 7.54% | 1.97% | -0.12% |
| Cash From Operating Activities | -$199.0M | $322.0M | $1.615B |
| YoY Change | -116.34% | -10.31% | 3.33% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $183.0M | $175.0M | $689.0M |
| YoY Change | -239.69% | -192.59% | 0.29% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | -$87.00M | |
| YoY Change | -100.0% | -142.65% | |
| Cash From Investing Activities | -$183.0M | -$175.0M | -$776.0M |
| YoY Change | 215.52% | 186.89% | 60.66% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | -$74.00M | $565.0M | |
| YoY Change | -17.16% | ||
| Debt Paid & Issued, Net | $1.858B | $869.0M | |
| YoY Change | 2111.9% | 3850.0% | |
| Cash From Financing Activities | -342.0M | -214.0M | -1.071B |
| YoY Change | 39.59% | -41.37% | 52.13% |
| NET CHANGE | |||
| Cash From Operating Activities | -199.0M | 322.0M | 1.615B |
| Cash From Investing Activities | -183.0M | -175.0M | -776.0M |
| Cash From Financing Activities | -342.0M | -214.0M | -1.071B |
| Net Change In Cash | -696.0M | -67.00M | -207.0M |
| YoY Change | -176.07% | 0.0% | -164.89% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$199.0M | $322.0M | $1.615B |
| Capital Expenditures | $183.0M | $175.0M | $689.0M |
| Free Cash Flow | -$382.0M | $147.0M | $926.0M |
| YoY Change | -128.32% | -73.18% | 5.71% |
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