2024 Q3 Form 10-Q Financial Statement

#000113031024000093 Filed on July 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.856B $1.905B
YoY Change -0.22% 1.6%
Cost Of Revenue $1.000M $0.00
YoY Change 0.0% -100.0%
Gross Profit $1.855B $1.905B
YoY Change -0.22% 4.79%
Gross Profit Margin 99.95% 100.0%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $334.0M $386.0M
YoY Change -10.7% 10.6%
% of Gross Profit 18.01% 20.26%
Operating Expenses $1.432B $1.438B
YoY Change 6.71% -3.81%
Operating Profit $424.0M $467.0M
YoY Change -18.15% 22.89%
Interest Expense -$194.0M -$216.0M
YoY Change 7.18% 31.71%
% of Operating Profit -45.75% -46.25%
Other Income/Expense, Net -$179.0M -$206.0M
YoY Change 6.55% -1684.62%
Pretax Income $245.0M $261.0M
YoY Change -30.0% 20.28%
Income Tax $52.00M $33.00M
% Of Pretax Income 21.22% 12.64%
Net Earnings $193.0M $228.0M
YoY Change -31.56% 115.09%
Net Earnings / Revenue 10.4% 11.97%
Basic Earnings Per Share $0.30 $0.36
Diluted Earnings Per Share $0.30 $0.36
COMMON SHARES
Basic Shares Outstanding 642.0M shares 639.7M shares
Diluted Shares Outstanding 648.2M shares 641.8M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $643.0M $543.0M
YoY Change -6.27% -25.72%
Cash & Equivalents $112.0M $66.00M
Short-Term Investments $531.0M $477.0M
Other Short-Term Assets $2.024B $2.016B
YoY Change 192.49% 193.88%
Inventory $733.0M $702.0M
Prepaid Expenses
Receivables $701.0M $633.0M
Other Receivables $169.0M $186.0M
Total Short-Term Assets $4.270B $4.080B
YoY Change 41.3% 45.61%
LONG-TERM ASSETS
Property, Plant & Equipment $31.44B $30.22B
YoY Change 7.77% 6.14%
Goodwill $3.943B $3.943B
YoY Change -5.22% -5.22%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $235.0M $211.0M
YoY Change 40.72% -92.08%
Total Long-Term Assets $38.62B $36.90B
YoY Change 7.35% 4.54%
TOTAL ASSETS
Total Short-Term Assets $4.270B $4.080B
Total Long-Term Assets $38.62B $36.90B
Total Assets $42.89B $40.98B
YoY Change 9.98% 7.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.684B $1.057B
YoY Change 120.71% 27.04%
Accrued Expenses $232.0M $247.0M
YoY Change 26.78% 19.32%
Deferred Revenue $96.00M $95.00M
YoY Change -12.73% -12.84%
Short-Term Debt $0.00 $2.000M
YoY Change -100.0% 0.0%
Long-Term Debt Due $148.0M $608.0M
YoY Change -89.65% -34.76%
Total Short-Term Liabilities $3.836B $3.410B
YoY Change -1.46% 7.1%
LONG-TERM LIABILITIES
Long-Term Debt $19.73B $18.51B
YoY Change 17.17% 15.48%
Other Long-Term Liabilities $786.0M $744.0M
YoY Change -5.19% -83.39%
Total Long-Term Liabilities $20.52B $19.26B
YoY Change 16.12% -6.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.836B $3.410B
Total Long-Term Liabilities $20.52B $19.26B
Total Liabilities $24.35B $22.67B
YoY Change 12.95% -18.26%
SHAREHOLDERS EQUITY
Retained Earnings $1.468B $1.542B
YoY Change 42.94% 49.42%
Common Stock $6.000M $6.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.54B $10.35B
YoY Change
Total Liabilities & Shareholders Equity $42.89B $40.98B
YoY Change 9.98% 7.56%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $193.0M $228.0M
YoY Change -31.56% 115.09%
Depreciation, Depletion And Amortization $334.0M $386.0M
YoY Change -10.7% 10.6%
Cash From Operating Activities $136.0M $576.0M
YoY Change -76.83% -25.1%
INVESTING ACTIVITIES
Capital Expenditures $844.0M $812.0M
YoY Change -20.68% -28.52%
Acquisitions
YoY Change
Other Investing Activities -$115.0M $56.00M
YoY Change -510.71% -59.12%
Cash From Investing Activities -$959.0M -$756.0M
YoY Change -7.43% -24.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 870.0M 83.00M
YoY Change 145.07% -75.0%
NET CHANGE
Cash From Operating Activities 136.0M 576.0M
Cash From Investing Activities -959.0M -756.0M
Cash From Financing Activities 870.0M 83.00M
Net Change In Cash 47.00M -97.00M
YoY Change -150.0% -195.1%
FREE CASH FLOW
Cash From Operating Activities $136.0M $576.0M
Capital Expenditures $844.0M $812.0M
Free Cash Flow -$708.0M -$236.0M
YoY Change 48.43% -35.69%

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CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2024Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2024Q2 us-gaap Operating Lease Liability
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CY2024Q2 ecd Rule10b51 Arr Adopted Flag
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CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
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false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
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false

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