2023 Q4 Form 10-Q Financial Statement

#000121960123000032 Filed on October 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $2.858B $3.069B
YoY Change -5.11% -5.83%
Cost Of Revenue $2.245B $2.427B
YoY Change -10.52% -10.97%
Gross Profit $613.0M $642.0M
YoY Change 21.87% 20.45%
Gross Profit Margin 21.45% 20.92%
Selling, General & Admin $145.0M $129.0M
YoY Change 5.84% 5.74%
% of Gross Profit 23.65% 20.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $127.0M $124.0M
YoY Change 11.4% 7.83%
% of Gross Profit 20.72% 19.31%
Operating Expenses $272.0M $129.0M
YoY Change 8.37% -45.57%
Operating Profit $341.0M $374.0M
YoY Change 35.32% 26.35%
Interest Expense -$104.0M $111.0M
YoY Change 18.18% -226.14%
% of Operating Profit -30.5% 29.68%
Other Income/Expense, Net -$11.00M -$11.00M
YoY Change -466.67% -320.0%
Pretax Income $143.0M $252.0M
YoY Change -0.69% 24.14%
Income Tax $59.00M $62.00M
% Of Pretax Income 41.26% 24.6%
Net Earnings $32.00M $159.0M
YoY Change -64.04% 25.2%
Net Earnings / Revenue 1.12% 5.18%
Basic Earnings Per Share $1.33
Diluted Earnings Per Share $0.27 $1.33
COMMON SHARES
Basic Shares Outstanding 120.6M shares 120.6M shares
Diluted Shares Outstanding 119.7M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.310B $807.0M
YoY Change 138.18% 119.29%
Cash & Equivalents $1.310B $807.0M
Short-Term Investments
Other Short-Term Assets $191.0M $211.0M
YoY Change -24.21% -27.49%
Inventory $1.613B $1.664B
Prepaid Expenses
Receivables $1.719B $1.417B
Other Receivables $0.00 $316.0M
Total Short-Term Assets $4.833B $4.452B
YoY Change 3.73% -10.37%
LONG-TERM ASSETS
Property, Plant & Equipment $5.062B $4.876B
YoY Change 11.5% 14.33%
Goodwill $3.117B $2.994B
YoY Change 5.63% 5.39%
Intangibles $1.258B $1.248B
YoY Change -7.36% -7.21%
Long-Term Investments
YoY Change
Other Assets $767.0M $537.0M
YoY Change 34.09% -33.37%
Total Long-Term Assets $10.20B $9.869B
YoY Change 5.83% 6.61%
TOTAL ASSETS
Total Short-Term Assets $4.833B $4.452B
Total Long-Term Assets $10.20B $9.869B
Total Assets $15.04B $14.32B
YoY Change 5.15% 0.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.426B $2.215B
YoY Change 23.55% -23.3%
Accrued Expenses $922.0M $873.0M
YoY Change -0.86% -3.43%
Deferred Revenue
YoY Change
Short-Term Debt $16.00M $51.00M
YoY Change -78.95% -38.55%
Long-Term Debt Due $759.0M $774.0M
YoY Change 596.33% 723.4%
Total Short-Term Liabilities $4.201B $3.957B
YoY Change 6.84% -1.32%
LONG-TERM LIABILITIES
Long-Term Debt $6.699B $6.240B
YoY Change -1.37% -6.99%
Other Long-Term Liabilities $1.273B $726.0M
YoY Change 78.79% -47.01%
Total Long-Term Liabilities $7.972B $6.966B
YoY Change 6.24% -13.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.201B $3.957B
Total Long-Term Liabilities $7.972B $6.966B
Total Liabilities $12.63B $10.92B
YoY Change 10.41% -13.02%
SHAREHOLDERS EQUITY
Retained Earnings $3.476B
YoY Change 10.67%
Common Stock $604.0M
YoY Change 0.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.410B $2.341B
YoY Change
Total Liabilities & Shareholders Equity $15.04B $14.32B
YoY Change 5.15% 0.68%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $32.00M $159.0M
YoY Change -64.04% 25.2%
Depreciation, Depletion And Amortization $127.0M $124.0M
YoY Change 11.4% 7.83%
Cash From Operating Activities $621.0M $539.0M
YoY Change -7.17% -969.35%
INVESTING ACTIVITIES
Capital Expenditures $179.0M $160.0M
YoY Change -22.84% -153.87%
Acquisitions
YoY Change
Other Investing Activities -$105.0M $18.00M
YoY Change -5350.0% 20.0%
Cash From Investing Activities -$284.0M -$142.0M
YoY Change 23.48% -49.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 151.0M -136.0M
YoY Change -158.75% -150.37%
NET CHANGE
Cash From Operating Activities 621.0M 539.0M
Cash From Investing Activities -284.0M -142.0M
Cash From Financing Activities 151.0M -136.0M
Net Change In Cash 488.0M 261.0M
YoY Change 168.13% -452.7%
FREE CASH FLOW
Cash From Operating Activities $621.0M $539.0M
Capital Expenditures $179.0M $160.0M
Free Cash Flow $442.0M $379.0M
YoY Change 1.14% 61.28%

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CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
200000 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
500000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
300000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
700000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119700000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122100000 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.33
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.50
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.26
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.33
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.49
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.23
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
80000.00 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000 shares
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3069000000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3259000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9152000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9931000000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
252000000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
203000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
652000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
912000000 usd
CY2023Q3 cck Inter Company Profit Related To Non Reportable Segments
InterCompanyProfitRelatedToNonReportableSegments
1000000 usd
cck Inter Company Profit Related To Non Reportable Segments
InterCompanyProfitRelatedToNonReportableSegments
10000000 usd
CY2022Q3 cck Inter Company Profit Related To Non Reportable Segments
InterCompanyProfitRelatedToNonReportableSegments
2000000 usd
cck Inter Company Profit Related To Non Reportable Segments
InterCompanyProfitRelatedToNonReportableSegments
11000000 usd
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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