2024 Q3 Form 10-Q Financial Statement

#000121960124000029 Filed on July 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $3.074B $3.040B
YoY Change 0.16% -2.22%
Cost Of Revenue $2.383B $2.379B
YoY Change -1.81% -3.41%
Gross Profit $691.0M $661.0M
YoY Change 7.63% 2.32%
Gross Profit Margin 22.48% 21.74%
Selling, General & Admin $146.0M $150.0M
YoY Change 13.18% 1.35%
% of Gross Profit 21.13% 22.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $114.0M $115.0M
YoY Change -8.06% -8.0%
% of Gross Profit 16.5% 17.4%
Operating Expenses $260.0M $265.0M
YoY Change 101.55% 79.05%
Operating Profit $431.0M $396.0M
YoY Change 15.24% 7.9%
Interest Expense -$98.00M -$101.0M
YoY Change -188.29% -191.82%
% of Operating Profit -22.74% -25.51%
Other Income/Expense, Net -$523.0M -$13.00M
YoY Change 4654.55% -18.75%
Pretax Income -$177.0M $265.0M
YoY Change -170.24% 10.88%
Income Tax -$39.00M $54.00M
% Of Pretax Income 20.38%
Net Earnings -$132.0M $174.0M
YoY Change -183.02% 10.83%
Net Earnings / Revenue -4.29% 5.72%
Basic Earnings Per Share -$1.47 $1.45
Diluted Earnings Per Share -$1.11 $1.45
COMMON SHARES
Basic Shares Outstanding 120.6M shares 120.8M shares
Diluted Shares Outstanding 119.3M shares 119.8M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.738B $1.414B
YoY Change 115.37% 158.5%
Cash & Equivalents $1.738B $1.414B
Short-Term Investments
Other Short-Term Assets $230.0M $221.0M
YoY Change 9.0% -7.92%
Inventory $1.565B $1.526B
Prepaid Expenses
Receivables $1.577B $1.771B
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.110B $4.932B
YoY Change 14.78% 6.94%
LONG-TERM ASSETS
Property, Plant & Equipment $5.021B $4.980B
YoY Change 2.97% 1.84%
Goodwill $3.061B $3.031B
YoY Change 2.24% -0.62%
Intangibles $1.108B $1.140B
YoY Change -11.22% -12.98%
Long-Term Investments
YoY Change
Other Assets $795.0M $775.0M
YoY Change 48.04% 60.12%
Total Long-Term Assets $9.985B $9.926B
YoY Change 1.18% -0.31%
TOTAL ASSETS
Total Short-Term Assets $5.110B $4.932B
Total Long-Term Assets $9.985B $9.926B
Total Assets $15.10B $14.86B
YoY Change 5.4% 1.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.398B $3.227B
YoY Change 53.41% 38.8%
Accrued Expenses $873.0M $878.0M
YoY Change 0.0% -6.4%
Deferred Revenue
YoY Change
Short-Term Debt $89.00M $94.00M
YoY Change 74.51% -11.32%
Long-Term Debt Due $749.0M $1.367B
YoY Change -3.23% 876.43%
Total Short-Term Liabilities $4.236B $4.688B
YoY Change 7.05% 31.91%
LONG-TERM LIABILITIES
Long-Term Debt $6.672B $5.949B
YoY Change 6.92% -14.84%
Other Long-Term Liabilities $1.142B $1.244B
YoY Change 57.3% 68.79%
Total Long-Term Liabilities $7.814B $7.193B
YoY Change 12.17% -6.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.236B $4.688B
Total Long-Term Liabilities $7.814B $7.193B
Total Liabilities $12.56B $12.35B
YoY Change 15.01% 9.52%
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 $2.532B $2.507B
YoY Change
Total Liabilities & Shareholders Equity $15.10B $14.86B
YoY Change 5.4% 1.98%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$132.0M $174.0M
YoY Change -183.02% 10.83%
Depreciation, Depletion And Amortization $114.0M $115.0M
YoY Change -8.06% -8.0%
Cash From Operating Activities $554.0M $445.0M
YoY Change 2.78% -15.72%
INVESTING ACTIVITIES
Capital Expenditures $76.00M $84.00M
YoY Change -52.5% -61.99%
Acquisitions
YoY Change
Other Investing Activities $11.00M $22.00M
YoY Change -38.89% 450.0%
Cash From Investing Activities -$65.00M -$62.00M
YoY Change -54.23% -71.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -190.0M -79.00M
YoY Change 39.71% -50.93%
NET CHANGE
Cash From Operating Activities 554.0M 445.0M
Cash From Investing Activities -65.00M -62.00M
Cash From Financing Activities -190.0M -79.00M
Net Change In Cash 299.0M 304.0M
YoY Change 14.56% 102.67%
FREE CASH FLOW
Cash From Operating Activities $554.0M $445.0M
Capital Expenditures $76.00M $84.00M
Free Cash Flow $478.0M $361.0M
YoY Change 26.12% 17.59%

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StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
2300000000 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.50
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.50
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.24
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.24
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.48
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3040000000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3109000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5824000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6083000000 usd
CY2024Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
9000000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
8000000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
174000000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
157000000 usd
us-gaap Net Income Loss
NetIncomeLoss
241000000 usd
us-gaap Net Income Loss
NetIncomeLoss
259000000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119600000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119300000 shares
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
200000 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
200000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
200000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
300000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119800000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119600000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.45
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.17
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.45
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.16
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
180000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
380000 shares
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
40000.00 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3040000000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3109000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5824000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6083000000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
265000000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
239000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
399000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
400000000 usd
CY2023Q2 cck Inter Company Profit Related To Non Reportable Segments
InterCompanyProfitRelatedToNonReportableSegments
8000000 usd
cck Inter Company Profit Related To Non Reportable Segments
InterCompanyProfitRelatedToNonReportableSegments
9000000 usd
CY2024Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
2300000000 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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