2024 Q4 Form 10-Q Financial Statement

#000176404624000140 Filed on November 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $622.2M $647.2M
YoY Change -3.86% 1.81%
Cost Of Revenue $210.1M $220.6M
YoY Change -4.76% -1.39%
Gross Profit $412.1M $426.6M
YoY Change -3.4% 3.54%
Gross Profit Margin 66.23% 65.91%
Selling, General & Admin $169.7M $171.9M
YoY Change -1.28% 1.42%
% of Gross Profit 41.18% 40.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $177.2M $176.8M
YoY Change 0.23% 4.18%
% of Gross Profit 43.0% 41.44%
Operating Expenses $169.7M $171.9M
YoY Change -1.28% 1.42%
Operating Profit $21.70M $87.20M
YoY Change -75.11% -101.99%
Interest Expense -$72.20M $71.90M
YoY Change -200.42% 0.56%
% of Operating Profit -332.72% 82.45%
Other Income/Expense, Net
YoY Change
Pretax Income -$50.50M $27.90M
YoY Change -281.0% -100.64%
Income Tax $15.10M $15.60M
% Of Pretax Income 55.91%
Net Earnings -$65.60M $12.30M
YoY Change -633.33% -100.28%
Net Earnings / Revenue -10.54% 1.9%
Basic Earnings Per Share -$0.09 -$0.01
Diluted Earnings Per Share -$0.09 -$0.01
COMMON SHARES
Basic Shares Outstanding 710.4M shares 724.1M shares 676.2M shares
Diluted Shares Outstanding 718.7M shares 670.9M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $388.5M $399.0M
YoY Change -2.63% -10.54%
Cash & Equivalents $388.5M $398.9M
Short-Term Investments
Other Short-Term Assets $81.10M $75.10M
YoY Change 7.99% 5.03%
Inventory
Prepaid Expenses $97.70M $100.0M
Receivables $771.8M $766.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.339B $1.375B
YoY Change -2.59% -5.31%
LONG-TERM ASSETS
Property, Plant & Equipment $105.4M $107.0M
YoY Change -1.5% -10.31%
Goodwill $1.737B $2.865B
YoY Change -39.38% 2.17%
Intangibles $8.727B $8.955B
YoY Change -2.55% -3.17%
Long-Term Investments
YoY Change
Other Assets $71.80M $89.80M
YoY Change -20.04% -10.65%
Total Long-Term Assets $10.69B $12.04B
YoY Change -11.22% -2.06%
TOTAL ASSETS
Total Short-Term Assets $1.339B $1.375B
Total Long-Term Assets $10.69B $12.04B
Total Assets $12.03B $13.42B
YoY Change -10.34% -2.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $126.5M $99.20M
YoY Change 27.52% -6.33%
Accrued Expenses $486.1M $473.0M
YoY Change 2.77% -14.48%
Deferred Revenue $890.2M $889.2M
YoY Change 0.11% 3.66%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $22.80M $1.000M
YoY Change 2180.0% -98.26%
Total Short-Term Liabilities $1.526B $1.469B
YoY Change 3.88% -10.04%
LONG-TERM LIABILITIES
Long-Term Debt $4.633B $4.866B
YoY Change -4.8% -10.17%
Other Long-Term Liabilities $52.50M $41.30M
YoY Change 27.12% -69.65%
Total Long-Term Liabilities $52.50M $41.30M
YoY Change 27.12% -69.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.526B $1.469B
Total Long-Term Liabilities $52.50M $41.30M
Total Liabilities $6.517B $6.736B
YoY Change -3.25% -12.22%
SHAREHOLDERS EQUITY
Retained Earnings -$7.122B -$5.783B
YoY Change 23.16% -2.9%
Common Stock $13.07B $11.73B
YoY Change 11.42% 0.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.514B $6.682B
YoY Change
Total Liabilities & Shareholders Equity $12.03B $13.42B
YoY Change -10.34% -2.4%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$65.60M $12.30M
YoY Change -633.33% -100.28%
Depreciation, Depletion And Amortization $177.2M $176.8M
YoY Change 0.23% 4.18%
Cash From Operating Activities $202.9M $163.4M
YoY Change 24.17% -21.37%
INVESTING ACTIVITIES
Capital Expenditures $91.50M $62.90M
YoY Change 45.47% -193.32%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$91.50M -$62.90M
YoY Change 45.47% -6.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -109.7M -124.4M
YoY Change -11.82% 342.7%
NET CHANGE
Cash From Operating Activities 202.9M 163.4M
Cash From Investing Activities -91.50M -62.90M
Cash From Financing Activities -109.7M -124.4M
Net Change In Cash 1.700M -23.90M
YoY Change -107.11% -121.28%
FREE CASH FLOW
Cash From Operating Activities $202.9M $163.4M
Capital Expenditures $91.50M $62.90M
Free Cash Flow $111.4M $100.5M
YoY Change 10.85% -63.48%

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CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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4770300000 usd
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500000000.0 usd
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100000000.0 usd
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2755300000 usd
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2755300000 usd
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170900000 usd
us-gaap Amortization Of Intangible Assets
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527200000 usd
us-gaap Amortization Of Intangible Assets
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510300000 usd
us-gaap Goodwill Purchase Accounting Adjustments
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3291300000 usd
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2755300000 usd
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172800000 usd
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us-gaap Amortization Of Intangible Assets
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CY2023Q4 us-gaap Goodwill
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us-gaap Goodwill Purchase Accounting Adjustments
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us-gaap Goodwill Impairment Loss
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us-gaap Goodwill Foreign Currency Translation Gain Loss
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100000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
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CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
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23100000 usd
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CY2024Q3 us-gaap Finance Lease Liability
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0.06936
CY2023Q4 us-gaap Finance Lease Liability
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CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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56200000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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48000000.0 usd
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22800000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
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4721100000 usd
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3.8462
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500000000.0 usd
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CY2023 us-gaap Stock Repurchased And Retired During Period Value
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100000000.0 usd
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us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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19100000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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61500000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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28000000.0 usd
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8100000 usd
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CY2023Q4 us-gaap Finance Lease Liability
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4711500000 usd
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4770300000 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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56200000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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48000000.0 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
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22800000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2023Q2 srt Stock Repurchase Program Authorized Amount1
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CY2023 us-gaap Stock Repurchased And Retired During Period Value
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100000000.0 usd
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us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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us-gaap Restructuring Charges
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14200000 usd
CY2024Q3 us-gaap Restructuring Charges
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CY2023Q3 us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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25300000 usd
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us-gaap Restructuring Charges
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us-gaap Payments For Restructuring
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CY2024Q3 us-gaap Restructuring Reserve
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CY2022Q4 us-gaap Restructuring Reserve
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us-gaap Restructuring Charges
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30100000 usd
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CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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56200000 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
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us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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61500000 usd
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8100000 usd
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17800000 shares
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3700000 usd
us-gaap Restructuring Charges
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14200000 usd
CY2024Q3 us-gaap Restructuring Charges
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4000000.0 usd
CY2023Q3 us-gaap Restructuring Charges
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3700000 usd
us-gaap Restructuring Charges
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14200000 usd
us-gaap Restructuring Charges
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25300000 usd
us-gaap Restructuring Charges
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CY2022Q4 us-gaap Restructuring Reserve
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us-gaap Restructuring Charges
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CY2024Q3 us-gaap Stock Repurchased And Retired During Period Shares
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15200000 shares
CY2024Q3 us-gaap Stock Repurchased And Retired During Period Value
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CY2024Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
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300000000.0 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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19100000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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61500000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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8100000 usd
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17800000 shares
CY2024Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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CY2024Q3 us-gaap Restructuring Charges
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CY2023Q3 us-gaap Restructuring Charges
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3700000 usd
us-gaap Restructuring Charges
RestructuringCharges
14200000 usd
CY2024Q3 us-gaap Restructuring Charges
RestructuringCharges
4000000.0 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
3700000 usd
us-gaap Restructuring Charges
RestructuringCharges
14200000 usd
us-gaap Restructuring Charges
RestructuringCharges
25300000 usd
CY2023Q4 us-gaap Restructuring Reserve
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us-gaap Restructuring Charges
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14200000 usd
us-gaap Payments For Restructuring
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23600000 usd
clvt Restructuring Reserve Noncash Items And Other Adjustments
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4300000 usd
CY2024Q3 us-gaap Restructuring Reserve
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CY2022Q4 us-gaap Restructuring Reserve
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11600000 usd
us-gaap Restructuring Charges
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us-gaap Payments For Restructuring
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30100000 usd
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CY2023Q3 us-gaap Restructuring Reserve
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CY2023Q3 us-gaap Restructuring Charges
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3700000 usd
us-gaap Restructuring Charges
RestructuringCharges
25300000 usd
CY2024Q3 us-gaap Other Operating Income Expense Net
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CY2023Q3 us-gaap Other Operating Income Expense Net
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CY2024Q3 us-gaap Restructuring Charges
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4000000.0 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
3700000 usd
us-gaap Restructuring Charges
RestructuringCharges
14200000 usd
us-gaap Restructuring Charges
RestructuringCharges
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us-gaap Restructuring Charges
RestructuringCharges
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us-gaap Payments For Restructuring
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4300000 usd
CY2024Q3 us-gaap Restructuring Reserve
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2200000 usd
CY2022Q4 us-gaap Restructuring Reserve
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11600000 usd
us-gaap Restructuring Charges
RestructuringCharges
25300000 usd
us-gaap Payments For Restructuring
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