2023 Q3 Form 10-Q Financial Statement

#000168504023000056 Filed on August 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $1.170B $263.0M
YoY Change -21.05% -93.07%
Cost Of Revenue $590.0M $689.0M
YoY Change -52.65% -37.82%
Gross Profit $580.0M -$426.0M
YoY Change 145.76% -115.84%
Gross Profit Margin 49.57% -161.98%
Selling, General & Admin -$525.0M -$722.0M
YoY Change -198.68% -274.4%
% of Gross Profit -90.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $473.0M $502.0M
YoY Change -4.44% -15.06%
Operating Profit $107.0M -$928.0M
YoY Change -141.31% -144.23%
Interest Expense -$38.00M -$38.00M
YoY Change 0.0% 0.0%
% of Operating Profit -35.51%
Other Income/Expense, Net
YoY Change
Pretax Income $590.0M -$237.0M
YoY Change -167.97% -119.54%
Income Tax $109.0M -$62.00M
% Of Pretax Income 18.47%
Net Earnings $479.0M -$175.0M
YoY Change -170.75% -117.8%
Net Earnings / Revenue 40.94% -66.54%
Basic Earnings Per Share $6.92 -$3.01
Diluted Earnings Per Share $6.89 -$3.01
COMMON SHARES
Basic Shares Outstanding 65.50M shares 66.86M shares
Diluted Shares Outstanding 65.74M shares 66.72M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $3.839B $3.737B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $4.931B $4.914B
YoY Change 7.03% 4.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $103.7B $106.4B
YoY Change -0.16% 0.59%
Other Assets $2.121B $1.897B
YoY Change 31.01% 302.76%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $223.5B $231.5B
YoY Change 0.85% 1.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $3.157B $3.156B
YoY Change 0.03% -0.03%
Other Long-Term Liabilities $17.03B $16.57B
YoY Change 119.29% 152.07%
Total Long-Term Liabilities $20.19B $19.72B
YoY Change 84.83% 102.71%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $20.19B $19.72B
Total Liabilities $219.4B $226.6B
YoY Change 1.68% 3.95%
SHAREHOLDERS EQUITY
Retained Earnings -$590.0M -$1.069B
YoY Change -294.08% -208.97%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.248B $2.183B
YoY Change 15.34% 20.41%
Treasury Stock Shares
Shareholders Equity $4.069B $4.907B
YoY Change
Total Liabilities & Shareholders Equity $223.5B $231.5B
YoY Change 0.85% 1.46%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $479.0M -$175.0M
YoY Change -170.75% -117.8%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $339.0M -$128.0M
YoY Change -135.42% -170.72%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$985.0M -$334.0M
YoY Change -61.78% -86.64%
Cash From Investing Activities -$985.0M -$334.0M
YoY Change -61.78% -86.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 748.0M 514.0M
YoY Change -77.03% -84.37%
NET CHANGE
Cash From Operating Activities 339.0M -128.0M
Cash From Investing Activities -985.0M -334.0M
Cash From Financing Activities 748.0M 514.0M
Net Change In Cash 102.0M 52.00M
YoY Change -136.69% -94.64%
FREE CASH FLOW
Cash From Operating Activities $339.0M -$128.0M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023Q2 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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CY2023Q2 bhf Derivative Asset Collateral Obligation To Return Securities Offset
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CY2022Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
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CY2023Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Dividends Preferred Stock Cash
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CY2022Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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CY2022Q2 us-gaap Reclassification From Aoci Current Period Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
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CY2023Q2 us-gaap Labor And Related Expense
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us-gaap Labor And Related Expense
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us-gaap Labor And Related Expense
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CY2023Q2 us-gaap Professional Fees
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CY2022Q2 us-gaap Professional Fees
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us-gaap Professional Fees
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CY2023Q2 bhf Transition Services Agreements
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bhf Transition Services Agreements
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bhf Transition Services Agreements
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CY2023Q2 bhf Establishment Costs
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CY2022Q2 bhf Establishment Costs
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bhf Establishment Costs
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bhf Establishment Costs
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us-gaap Earnings Per Share Basic
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CY2023Q2 us-gaap Earnings Per Share Diluted
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CY2022Q2 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q2 us-gaap Direct Taxes And Licenses Costs
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CY2022Q2 us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
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us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
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us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
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CY2023Q2 us-gaap Custody Fees
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92000000 usd
CY2022Q2 us-gaap Custody Fees
CustodyFees
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us-gaap Custody Fees
CustodyFees
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us-gaap Custody Fees
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CY2023Q2 us-gaap Cost Of Goods And Services Sold Overhead
CostOfGoodsAndServicesSoldOverhead
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CY2022Q2 us-gaap Cost Of Goods And Services Sold Overhead
CostOfGoodsAndServicesSoldOverhead
99000000 usd
us-gaap Cost Of Goods And Services Sold Overhead
CostOfGoodsAndServicesSoldOverhead
280000000 usd
us-gaap Cost Of Goods And Services Sold Overhead
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CY2023Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
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CY2022Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
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us-gaap Interest And Debt Expense
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us-gaap Interest And Debt Expense
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CY2023Q2 us-gaap Other General And Administrative Expense
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CY2022Q2 us-gaap Other General And Administrative Expense
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us-gaap Other General And Administrative Expense
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us-gaap Other General And Administrative Expense
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CY2023Q2 us-gaap Operating Expenses
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CY2022Q2 us-gaap Operating Expenses
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us-gaap Operating Expenses
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us-gaap Operating Expenses
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CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q2 us-gaap Earnings Per Share Basic
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CY2023Q2 us-gaap Guarantee Obligations Maximum Exposure
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CY2022Q4 us-gaap Guarantee Obligations Current Carrying Value
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CY2023Q2 us-gaap Guarantee Obligations Current Carrying Value
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CY2023Q2 bhf Investment Hedge Adjustment
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CY2022Q2 bhf Investment Hedge Adjustment
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bhf Investment Hedge Adjustment
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bhf Investment Hedge Adjustment
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CY2023Q2 ecd Rule10b51 Arr Adopted Flag
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CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
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CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
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CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
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