2024 Q3 Form 10-Q Financial Statement

#000095017024089414 Filed on August 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.501B $1.538B
YoY Change 0.94% -6.39%
Cost Of Revenue $1.215B $1.232B
YoY Change 0.75% -0.08%
Gross Profit $286.0M $306.0M
YoY Change 1.78% -25.37%
Gross Profit Margin 19.05% 19.9%
Selling, General & Admin $135.0M $139.0M
YoY Change -18.18% -82.16%
% of Gross Profit 47.2% 45.42%
Research & Development $29.00M $26.00M
YoY Change 3.57% -7.14%
% of Gross Profit 10.14% 8.5%
Depreciation & Amortization $78.00M $74.00M
YoY Change 2.63% -5.13%
% of Gross Profit 27.27% 24.18%
Operating Expenses $265.0M $168.0M
YoY Change -16.4% -79.18%
Operating Profit $21.00M $138.0M
YoY Change -158.33% -134.76%
Interest Expense $69.00M $66.00M
YoY Change 25.45% -265.0%
% of Operating Profit 328.57% 47.83%
Other Income/Expense, Net $7.000M -$1.000M
YoY Change -93.14% -133.33%
Pretax Income -$30.00M $82.00M
YoY Change -230.43% -118.94%
Income Tax -$3.000M $12.00M
% Of Pretax Income 14.63%
Net Earnings -$27.00M $70.00M
YoY Change -235.0% -118.62%
Net Earnings / Revenue -1.8% 4.55%
Basic Earnings Per Share -$0.18 $0.47
Diluted Earnings Per Share -$0.18 $0.46
COMMON SHARES
Basic Shares Outstanding 149.3M 148.9M
Diluted Shares Outstanding 149.7M 150.1M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $596.0M $604.0M
YoY Change -30.05% -18.16%
Cash & Equivalents $596.0M $604.0M
Short-Term Investments
Other Short-Term Assets $95.00M $69.00M
YoY Change -85.84% -77.0%
Inventory $1.438B $1.368B
Prepaid Expenses $75.00M $54.00M
Receivables $825.0M $788.0M
Other Receivables $23.00M $21.00M
Total Short-Term Assets $3.080B $2.937B
YoY Change -16.37% -12.95%
LONG-TERM ASSETS
Property, Plant & Equipment $3.173B $3.157B
YoY Change 1.73% -8.07%
Goodwill $46.00M $102.0M
YoY Change -54.9% 0.0%
Intangibles
YoY Change
Long-Term Investments $190.0M $169.0M
YoY Change -1.04% -10.58%
Other Assets $667.0M $630.0M
YoY Change 13.24% 13.92%
Total Long-Term Assets $4.383B $4.312B
YoY Change 2.77% 0.61%
TOTAL ASSETS
Total Short-Term Assets $3.080B $2.937B
Total Long-Term Assets $4.383B $4.312B
Total Assets $7.463B $7.249B
YoY Change -6.1% -5.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.069B $938.0M
YoY Change 18.65% -4.19%
Accrued Expenses $447.0M $382.0M
YoY Change -56.98% -56.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $53.00M $37.00M
YoY Change 130.43% 48.0%
Total Short-Term Liabilities $1.777B $1.557B
YoY Change -19.04% -28.9%
LONG-TERM LIABILITIES
Long-Term Debt $3.988B $3.951B
YoY Change 1.12% 9.63%
Other Long-Term Liabilities $354.0M $327.0M
YoY Change 9.26% -67.23%
Total Long-Term Liabilities $4.342B $4.278B
YoY Change 1.73% -7.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.777B $1.557B
Total Long-Term Liabilities $4.342B $4.278B
Total Liabilities $6.804B $6.524B
YoY Change -5.38% -4.79%
SHAREHOLDERS EQUITY
Retained Earnings $1.763B $1.828B
YoY Change -4.44% -1.93%
Common Stock $2.000M $2.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $657.0M $723.0M
YoY Change
Total Liabilities & Shareholders Equity $7.463B $7.249B
YoY Change -6.1% -5.37%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$27.00M $70.00M
YoY Change -235.0% -118.62%
Depreciation, Depletion And Amortization $78.00M $74.00M
YoY Change 2.63% -5.13%
Cash From Operating Activities $139.0M -$620.0M
YoY Change 6.92% -1116.39%
INVESTING ACTIVITIES
Capital Expenditures $76.00M $73.00M
YoY Change -11.63% 25.86%
Acquisitions
YoY Change
Other Investing Activities $1.000M $3.000M
YoY Change -99.31% -250.0%
Cash From Investing Activities -$75.00M -$70.00M
YoY Change -229.31% 16.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -27.00M -40.00M
YoY Change -108.31% -45.21%
NET CHANGE
Cash From Operating Activities 139.0M -620.0M
Cash From Investing Activities -75.00M -70.00M
Cash From Financing Activities -27.00M -40.00M
Net Change In Cash 37.00M -730.0M
YoY Change -92.79% 913.89%
FREE CASH FLOW
Cash From Operating Activities $139.0M -$620.0M
Capital Expenditures $76.00M $73.00M
Free Cash Flow $63.00M -$693.0M
YoY Change 43.18% -23200.0%

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