2023 Q2 Form 10-Q Financial Statement

#000167770323000033 Filed on May 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $915.0M $922.0M
YoY Change -1.4% -4.65%
Cost Of Revenue $704.0M $720.0M
YoY Change -3.16% -4.64%
Gross Profit $211.0M $202.0M
YoY Change 4.98% -4.72%
Gross Profit Margin 23.06% 21.91%
Selling, General & Admin $118.0M $111.0M
YoY Change 4.42% 8.82%
% of Gross Profit 55.92% 54.95%
Research & Development $1.000M $2.000M
YoY Change -50.0% 100.0%
% of Gross Profit 0.47% 0.99%
Depreciation & Amortization $57.00M $61.00M
YoY Change 7.55% 0.0%
% of Gross Profit 27.01% 30.2%
Operating Expenses $119.0M $113.0M
YoY Change 3.48% 9.71%
Operating Profit $92.00M $89.00M
YoY Change 6.98% -18.35%
Interest Expense $27.00M $27.00M
YoY Change 50.0% 42.11%
% of Operating Profit 29.35% 30.34%
Other Income/Expense, Net
YoY Change
Pretax Income -$7.000M -$8.000M
YoY Change -240.0% -103.81%
Income Tax $0.00 -$2.000M
% Of Pretax Income
Net Earnings -$7.000M -$6.000M
YoY Change -104.41%
Net Earnings / Revenue -0.77% -0.65%
Basic Earnings Per Share -$0.04 -$0.04
Diluted Earnings Per Share -$0.04 -$0.04
COMMON SHARES
Basic Shares Outstanding 218.4M shares 218.4M shares
Diluted Shares Outstanding 218.4M shares 218.4M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $500.0M $526.0M
YoY Change -3.66% -10.54%
Cash & Equivalents $500.0M $526.0M
Short-Term Investments
Other Short-Term Assets $247.0M $277.0M
YoY Change 3.35% 18.38%
Inventory
Prepaid Expenses
Receivables $583.0M $590.0M
Other Receivables $53.00M $51.00M
Total Short-Term Assets $1.517B $1.556B
YoY Change -5.01% -5.3%
LONG-TERM ASSETS
Property, Plant & Equipment $252.0M $259.0M
YoY Change -4.18% -4.78%
Goodwill $967.0M $965.0M
YoY Change -26.18% -27.72%
Intangibles $36.00M $37.00M
YoY Change -16.28% -19.57%
Long-Term Investments
YoY Change
Other Assets $489.0M $494.0M
YoY Change 2.95% 6.47%
Total Long-Term Assets $1.936B $1.947B
YoY Change -15.94% -16.65%
TOTAL ASSETS
Total Short-Term Assets $1.517B $1.556B
Total Long-Term Assets $1.936B $1.947B
Total Assets $3.453B $3.503B
YoY Change -11.46% -11.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $169.0M $176.0M
YoY Change 1.81% -6.88%
Accrued Expenses $431.0M $448.0M
YoY Change -23.72% -16.88%
Deferred Revenue $80.00M $79.00M
YoY Change 9.59% 5.33%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $41.00M $38.00M
YoY Change 36.67% 26.67%
Total Short-Term Liabilities $795.0M $842.0M
YoY Change -11.17% -9.07%
LONG-TERM LIABILITIES
Long-Term Debt $1.274B $1.277B
YoY Change 0.16% 0.0%
Other Long-Term Liabilities $81.00M $70.00M
YoY Change -7.95% -23.08%
Total Long-Term Liabilities $81.00M $70.00M
YoY Change -7.95% -23.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $795.0M $842.0M
Total Long-Term Liabilities $81.00M $70.00M
Total Liabilities $2.384B $2.432B
YoY Change -5.88% -5.55%
SHAREHOLDERS EQUITY
Retained Earnings -$2.561B -$2.551B
YoY Change 15.36% 15.07%
Common Stock $2.000M $2.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.000M
YoY Change
Treasury Stock Shares
Shareholders Equity $927.0M $929.0M
YoY Change
Total Liabilities & Shareholders Equity $3.453B $3.503B
YoY Change -11.46% -11.96%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$7.000M -$6.000M
YoY Change -104.41%
Depreciation, Depletion And Amortization $57.00M $61.00M
YoY Change 7.55% 0.0%
Cash From Operating Activities -$10.00M -$12.00M
YoY Change -37.5% -209.09%
INVESTING ACTIVITIES
Capital Expenditures $20.00M $11.00M
YoY Change -160.61% -67.65%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$20.00M -$22.00M
YoY Change -35.48% -108.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.00M -$19.00M
YoY Change 18.18% -82.73%
NET CHANGE
Cash From Operating Activities -10.00M -$12.00M
Cash From Investing Activities -20.00M -$22.00M
Cash From Financing Activities -13.00M -$19.00M
Net Change In Cash -43.00M -$51.00M
YoY Change -25.86% -129.48%
FREE CASH FLOW
Cash From Operating Activities -$10.00M -$12.00M
Capital Expenditures $20.00M $11.00M
Free Cash Flow -$30.00M -$23.00M
YoY Change -276.47% 0.0%

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