2024 Q3 Form 10-Q Financial Statement

#000170587324000049 Filed on August 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $184.4M $203.7M
YoY Change -16.99% -2.32%
Cost Of Revenue $78.96M $79.56M
YoY Change -18.68% -14.51%
Gross Profit $180.8M $118.3M
YoY Change 733.3% -13.24%
Gross Profit Margin 98.09% 58.07%
Selling, General & Admin $30.23M $32.59M
YoY Change -21.88% -12.6%
% of Gross Profit 16.72% 27.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $42.75M $42.84M
YoY Change 7.6% 7.77%
% of Gross Profit 23.64% 36.23%
Operating Expenses $68.29M $72.23M
YoY Change -12.33% -4.97%
Operating Profit $112.5M $46.02M
YoY Change -300.24% -23.66%
Interest Expense -$16.76M -$12.69M
YoY Change -284.17% -244.33%
% of Operating Profit -14.89% -27.58%
Other Income/Expense, Net -$8.930M -$10.10M
YoY Change -2.33% 13.47%
Pretax Income $94.30M -$12.10M
YoY Change -256.1% -133.24%
Income Tax $24.43M -$3.326M
% Of Pretax Income 25.91%
Net Earnings $69.86M -$8.769M
YoY Change -255.04% -134.03%
Net Earnings / Revenue 37.9% -4.31%
Basic Earnings Per Share $0.91 -$0.11
Diluted Earnings Per Share $0.91 -$0.11
COMMON SHARES
Basic Shares Outstanding 76.94M shares 76.94M shares
Diluted Shares Outstanding 77.06M shares 76.94M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.471M $6.688M
YoY Change -44.94% -21.92%
Cash & Equivalents $9.471M $6.688M
Short-Term Investments
Other Short-Term Assets $1.881M $1.232M
YoY Change 736.0% 22.22%
Inventory $17.43M $22.02M
Prepaid Expenses $7.178M $7.192M
Receivables $74.54M $82.02M
Other Receivables $0.00 $0.00
Total Short-Term Assets $136.9M $127.5M
YoY Change -13.21% -5.16%
LONG-TERM ASSETS
Property, Plant & Equipment $81.37M $86.95M
YoY Change -14.91% -8.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.00M $10.00M
YoY Change -4.83% -3.36%
Total Long-Term Assets $1.380B $1.405B
YoY Change -5.22% 1.31%
TOTAL ASSETS
Total Short-Term Assets $136.9M $127.5M
Total Long-Term Assets $1.380B $1.405B
Total Assets $1.517B $1.533B
YoY Change -6.0% 0.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $40.23M $39.50M
YoY Change -50.64% -22.77%
Accrued Expenses $53.25M $51.53M
YoY Change 8.99% 11.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $27.50M
YoY Change
Total Short-Term Liabilities $171.7M $204.5M
YoY Change -21.98% 38.09%
LONG-TERM LIABILITIES
Long-Term Debt $398.0M $433.7M
YoY Change -12.27% 2.92%
Other Long-Term Liabilities $33.00M $23.00M
YoY Change -28.8% -37.37%
Total Long-Term Liabilities $431.0M $456.7M
YoY Change -13.8% -0.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $171.7M $204.5M
Total Long-Term Liabilities $431.0M $456.7M
Total Liabilities $602.7M $661.2M
YoY Change -16.3% 9.07%
SHAREHOLDERS EQUITY
Retained Earnings $60.43M $3.646M
YoY Change 930.68% -92.84%
Common Stock $89.00K $89.00K
YoY Change 1.14% 1.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $732.2M $673.0M
YoY Change
Total Liabilities & Shareholders Equity $1.517B $1.533B
YoY Change -6.0% 0.74%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $69.86M -$8.769M
YoY Change -255.04% -134.03%
Depreciation, Depletion And Amortization $42.75M $42.84M
YoY Change 7.6% 7.77%
Cash From Operating Activities $70.70M $70.89M
YoY Change 27.84% 13.36%
INVESTING ACTIVITIES
Capital Expenditures $25.87M $42.33M
YoY Change 90.25% 93.31%
Acquisitions
YoY Change
Other Investing Activities $1.372M -$161.0K
YoY Change -102.52% -97.35%
Cash From Investing Activities -$24.50M -$42.49M
YoY Change -64.02% 51.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -43.41M -25.17M
YoY Change -302.85% -37.27%
NET CHANGE
Cash From Operating Activities 70.70M 70.89M
Cash From Investing Activities -24.50M -42.49M
Cash From Financing Activities -43.41M -25.17M
Net Change In Cash 2.783M 3.231M
YoY Change -67.64% -158.21%
FREE CASH FLOW
Cash From Operating Activities $70.70M $70.89M
Capital Expenditures $25.87M $42.33M
Free Cash Flow $44.82M $28.57M
YoY Change 7.48% -29.71%

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