2023 Q3 Form 10-Q Financial Statement

#000002841223000181 Filed on July 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $201.0M $211.0M
YoY Change 1.52% -63.43%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.00M $22.00M
YoY Change -12.0% -4.35%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $502.0M $453.0M
YoY Change 1067.44% 2731.25%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $327.0M $356.0M
YoY Change -28.13% 5.64%
Income Tax $76.00M $83.00M
% Of Pretax Income 23.24% 23.31%
Net Earnings $251.0M $266.0M
YoY Change -28.49% 1.92%
Net Earnings / Revenue 124.88% 126.07%
Basic Earnings Per Share $1.85 $2.02
Diluted Earnings Per Share $1.84 $2.02
COMMON SHARES
Basic Shares Outstanding 131.8M shares 131.7M shares
Diluted Shares Outstanding 133.0M shares 132.0M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $8.112B $10.22B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $410.0M $397.0M
YoY Change -0.49% -5.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $85.71B $90.76B
YoY Change 1.86% 4.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $2.715B $2.632B
YoY Change 7.14% 27.83%
Deferred Revenue
YoY Change
Short-Term Debt $4.812B $9.558B
YoY Change 847.24%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.527B $12.19B
YoY Change 197.04% 492.03%
LONG-TERM LIABILITIES
Long-Term Debt $2.148B $3.029B
YoY Change -28.78% 15.17%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.148B $3.029B
YoY Change -28.78% 15.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.527B $12.19B
Total Long-Term Liabilities $2.148B $3.029B
Total Liabilities $80.73B $85.17B
YoY Change 2.1% 5.86%
SHAREHOLDERS EQUITY
Retained Earnings $11.80B $11.65B
YoY Change 7.19% 8.33%
Common Stock $3.361B $3.353B
YoY Change 0.33% 0.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.972B $5.595B
YoY Change
Total Liabilities & Shareholders Equity $85.71B $90.76B
YoY Change 1.86% 4.46%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $251.0M $266.0M
YoY Change -28.49% 1.92%
Depreciation, Depletion And Amortization $22.00M $22.00M
YoY Change -12.0% -4.35%
Cash From Operating Activities -$178.0M -$155.0M
YoY Change -145.29% -143.3%
INVESTING ACTIVITIES
Capital Expenditures $39.00M $33.00M
YoY Change -329.41% -237.5%
Acquisitions
YoY Change
Other Investing Activities $2.963B -$106.0M
YoY Change -1189.34% -97.89%
Cash From Investing Activities $2.924B -$139.0M
YoY Change -1111.76% -97.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.857B -217.0M
YoY Change 191.36% -83.72%
NET CHANGE
Cash From Operating Activities -178.0M -155.0M
Cash From Investing Activities 2.924B -139.0M
Cash From Financing Activities -4.857B -217.0M
Net Change In Cash -2.111B -511.0M
YoY Change 35.06% -91.51%
FREE CASH FLOW
Cash From Operating Activities -$178.0M -$155.0M
Capital Expenditures $39.00M $33.00M
Free Cash Flow -$217.0M -$188.0M
YoY Change -152.93% -149.21%

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CY2022Q2 us-gaap Noninterest Expense
NoninterestExpense
482000000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
76000000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
261000000 usd
CY2022Q2 cma Net Credit Related Charge Offs
NetCreditRelatedChargeOffs
0 usd
CY2022Q2 cma Segment Reporting Average Assets
SegmentReportingAverageAssets
88810000000 usd
CY2022Q2 cma Average Balance During Period Loans And Leases Receivable Net Of Deferred Income
AverageBalanceDuringPeriodLoansAndLeasesReceivableNetOfDeferredIncome
50027000000 usd
CY2022Q2 cma Average Balance During Period Deposits
AverageBalanceDuringPeriodDeposits
77589000000 usd
CY2022Q2 cma Return On Average Assets
ReturnOnAverageAssets
0.0118
CY2022Q2 cma Efficiency Ratio
EfficiencyRatio
0.5803
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1329000000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
63000000 usd
us-gaap Noninterest Income
NoninterestIncome
585000000 usd
us-gaap Noninterest Expense
NoninterestExpense
1086000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
168000000 usd
us-gaap Profit Loss
ProfitLoss
597000000 usd
cma Net Credit Related Charge Offs
NetCreditRelatedChargeOffs
-4000000 usd
cma Segment Reporting Average Assets
SegmentReportingAverageAssets
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cma Average Balance During Period Loans And Leases Receivable Net Of Deferred Income
AverageBalanceDuringPeriodLoansAndLeasesReceivableNetOfDeferredIncome
54423000000 usd
cma Average Balance During Period Deposits
AverageBalanceDuringPeriodDeposits
66072000000 usd
cma Return On Average Assets
ReturnOnAverageAssets
0.0137
cma Efficiency Ratio
EfficiencyRatio
0.5658
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1017000000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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us-gaap Noninterest Income
NoninterestIncome
512000000 usd
us-gaap Noninterest Expense
NoninterestExpense
955000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
125000000 usd
us-gaap Profit Loss
ProfitLoss
450000000 usd
cma Net Credit Related Charge Offs
NetCreditRelatedChargeOffs
8000000 usd
cma Segment Reporting Average Assets
SegmentReportingAverageAssets
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cma Average Balance During Period Loans And Leases Receivable Net Of Deferred Income
AverageBalanceDuringPeriodLoansAndLeasesReceivableNetOfDeferredIncome
49155000000 usd
cma Average Balance During Period Deposits
AverageBalanceDuringPeriodDeposits
78342000000 usd
cma Return On Average Assets
ReturnOnAverageAssets
0.0101
cma Efficiency Ratio
EfficiencyRatio
0.6211
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
211000000 usd
CY2023Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
92000000 usd
CY2023Q2 us-gaap Noninterest Income
NoninterestIncome
303000000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
204000000 usd
CY2022Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
64000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
405000000 usd
us-gaap Noninterest Income Other
NoninterestIncomeOther
180000000 usd
us-gaap Noninterest Income
NoninterestIncome
585000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
398000000 usd
us-gaap Noninterest Income Other
NoninterestIncomeOther
114000000 usd
us-gaap Noninterest Income
NoninterestIncome
512000000 usd

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