2024 Q2 Form 10-Q Financial Statement

#000121960124000015 Filed on May 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $3.040B $2.784B
YoY Change -2.22% -6.39%
Cost Of Revenue $2.379B $2.247B
YoY Change -3.41% -6.8%
Gross Profit $661.0M $537.0M
YoY Change 2.32% -4.62%
Gross Profit Margin 21.74% 19.29%
Selling, General & Admin $150.0M $154.0M
YoY Change 1.35% -3.75%
% of Gross Profit 22.69% 28.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $115.0M $115.0M
YoY Change -8.0% -6.5%
% of Gross Profit 17.4% 21.42%
Operating Expenses $265.0M $269.0M
YoY Change 79.05% -4.95%
Operating Profit $396.0M $268.0M
YoY Change 7.9% -4.29%
Interest Expense -$101.0M -$100.0M
YoY Change -191.82% 3.09%
% of Operating Profit -25.51% -37.31%
Other Income/Expense, Net -$13.00M -$11.00M
YoY Change -18.75% 0.0%
Pretax Income $265.0M $134.0M
YoY Change 10.88% -16.77%
Income Tax $54.00M $40.00M
% Of Pretax Income 20.38% 29.85%
Net Earnings $174.0M $67.00M
YoY Change 10.83% -34.31%
Net Earnings / Revenue 5.72% 2.41%
Basic Earnings Per Share $1.45 $0.56
Diluted Earnings Per Share $1.45 $0.56
COMMON SHARES
Basic Shares Outstanding 120.8M shares 120.8M shares
Diluted Shares Outstanding 119.8M shares 119.8M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.414B $1.123B
YoY Change 158.5% 178.66%
Cash & Equivalents $1.414B $1.123B
Short-Term Investments
Other Short-Term Assets $221.0M $211.0M
YoY Change -7.92% -1.4%
Inventory $1.526B $1.610B
Prepaid Expenses
Receivables $1.771B $1.637B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.932B $4.581B
YoY Change 6.94% -1.74%
LONG-TERM ASSETS
Property, Plant & Equipment $4.980B $5.049B
YoY Change 1.84% 7.33%
Goodwill $3.031B $3.089B
YoY Change -0.62% 2.9%
Intangibles $1.140B $1.201B
YoY Change -12.98% -10.17%
Long-Term Investments
YoY Change
Other Assets $775.0M $771.0M
YoY Change 60.12% 59.63%
Total Long-Term Assets $9.926B $10.11B
YoY Change -0.31% 3.69%
TOTAL ASSETS
Total Short-Term Assets $4.932B $4.581B
Total Long-Term Assets $9.926B $10.11B
Total Assets $14.86B $14.69B
YoY Change 1.98% 1.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.227B $3.034B
YoY Change 38.8% 27.86%
Accrued Expenses $878.0M $832.0M
YoY Change -6.4% -4.59%
Deferred Revenue
YoY Change
Short-Term Debt $94.00M $87.00M
YoY Change -11.32% -46.63%
Long-Term Debt Due $1.367B $743.0M
YoY Change 876.43% 499.19%
Total Short-Term Liabilities $4.688B $3.864B
YoY Change 31.91% 8.05%
LONG-TERM LIABILITIES
Long-Term Debt $5.949B $6.623B
YoY Change -14.84% -6.0%
Other Long-Term Liabilities $1.244B $1.272B
YoY Change 68.79% 75.93%
Total Long-Term Liabilities $7.193B $7.895B
YoY Change -6.86% 1.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.688B $3.864B
Total Long-Term Liabilities $7.193B $7.895B
Total Liabilities $12.35B $12.22B
YoY Change 9.52% 7.72%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.507B $2.470B
YoY Change
Total Liabilities & Shareholders Equity $14.86B $14.69B
YoY Change 1.98% 1.94%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $174.0M $67.00M
YoY Change 10.83% -34.31%
Depreciation, Depletion And Amortization $115.0M $115.0M
YoY Change -8.0% -6.5%
Cash From Operating Activities $445.0M -$102.0M
YoY Change -15.72% -56.6%
INVESTING ACTIVITIES
Capital Expenditures $84.00M $94.00M
YoY Change -61.99% -59.66%
Acquisitions
YoY Change
Other Investing Activities $22.00M $13.00M
YoY Change 450.0% -81.94%
Cash From Investing Activities -$62.00M -$81.00M
YoY Change -71.43% -49.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $32.00M
YoY Change 33.33%
Cash From Financing Activities -79.00M 9.000M
YoY Change -50.93% -96.56%
NET CHANGE
Cash From Operating Activities 445.0M -102.0M
Cash From Investing Activities -62.00M -81.00M
Cash From Financing Activities -79.00M 9.000M
Net Change In Cash 304.0M -174.0M
YoY Change 102.67% 29.85%
FREE CASH FLOW
Cash From Operating Activities $445.0M -$102.0M
Capital Expenditures $84.00M $94.00M
Free Cash Flow $361.0M -$196.0M
YoY Change 17.59% -58.12%

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Files In Submission

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