2024 Q4 Form 10-Q Financial Statement

#000107041224000061 Filed on October 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $424.2M
YoY Change 21.03%
Cost Of Revenue $145.8M
YoY Change 11.09%
Gross Profit $141.0M
YoY Change 4.41%
Gross Profit Margin 33.24%
Selling, General & Admin $32.50M
YoY Change 11.24%
% of Gross Profit 23.05%
Research & Development $1.935M
YoY Change 20.94%
% of Gross Profit 1.37%
Depreciation & Amortization $121.2M
YoY Change 8.38%
% of Gross Profit 85.98%
Operating Expenses $318.9M
YoY Change 6.32%
Operating Profit -$177.9M
YoY Change 7.88%
Interest Expense $51.04M
YoY Change 44.22%
% of Operating Profit
Other Income/Expense, Net -$22.76M
YoY Change -27.32%
Pretax Income $82.56M
YoY Change 329.07%
Income Tax $17.02M
% Of Pretax Income 20.62%
Net Earnings $65.54M
YoY Change 206.53%
Net Earnings / Revenue 15.45%
Basic Earnings Per Share $0.44
Diluted Earnings Per Share $0.37
COMMON SHARES
Basic Shares Outstanding 149.3M shares 151.2M shares
Diluted Shares Outstanding 179.1M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.310M
YoY Change -84.86%
Cash & Equivalents $1.310M
Short-Term Investments
Other Short-Term Assets $166.3M
YoY Change -7.92%
Inventory $12.97M
Prepaid Expenses $19.26M
Receivables $101.8M
Other Receivables $50.60M
Total Short-Term Assets $332.9M
YoY Change 10.76%
LONG-TERM ASSETS
Property, Plant & Equipment $7.373B
YoY Change 0.89%
Goodwill $323.3M
YoY Change 0.0%
Intangibles $65.52M
YoY Change -9.09%
Long-Term Investments $18.37M
YoY Change 48.04%
Other Assets $831.7M
YoY Change -5.85%
Total Long-Term Assets $8.205B
YoY Change 0.16%
TOTAL ASSETS
Total Short-Term Assets $332.9M
Total Long-Term Assets $8.205B
Total Assets $8.538B
YoY Change 0.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $120.1M
YoY Change -35.4%
Accrued Expenses $112.9M
YoY Change -8.64%
Deferred Revenue $15.97M
YoY Change 1.86%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $327.2M
YoY Change 0.64%
Total Short-Term Liabilities $892.7M
YoY Change -9.92%
LONG-TERM LIABILITIES
Long-Term Debt $1.958B
YoY Change 6.18%
Other Long-Term Liabilities $143.0M
YoY Change 44.92%
Total Long-Term Liabilities $2.101B
YoY Change 8.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $892.7M
Total Long-Term Liabilities $2.101B
Total Liabilities $4.281B
YoY Change -5.6%
SHAREHOLDERS EQUITY
Retained Earnings $1.914B
YoY Change 24.45%
Common Stock $1.494M
YoY Change -6.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.257B
YoY Change
Total Liabilities & Shareholders Equity $8.538B
YoY Change 0.53%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $65.54M
YoY Change 206.53%
Depreciation, Depletion And Amortization $121.2M
YoY Change 8.38%
Cash From Operating Activities $170.2M
YoY Change -17.4%
INVESTING ACTIVITIES
Capital Expenditures $114.7M
YoY Change -44.21%
Acquisitions
YoY Change
Other Investing Activities $4.689M
YoY Change -75.49%
Cash From Investing Activities -$110.0M
YoY Change -41.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -62.72M
YoY Change 86.72%
NET CHANGE
Cash From Operating Activities 170.2M
Cash From Investing Activities -110.0M
Cash From Financing Activities -62.72M
Net Change In Cash -2.613M
YoY Change -81.48%
FREE CASH FLOW
Cash From Operating Activities $170.2M
Capital Expenditures $114.7M
Free Cash Flow $55.42M
YoY Change 15778.22%

Facts In Submission

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CNX Center
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PA
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Revenues
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us-gaap Revenues
Revenues
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CY2021Q4 srt Stock Repurchase Program Authorized Amount1
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us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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us-gaap Repayments Of Other Debt
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Prior Period Reclassification Adjustment Description
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CY2023Q4 us-gaap Other Receivables Net Current
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CY2024Q3 us-gaap Stock Issued During Period Shares Share Based Compensation
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us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2023Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2024Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2024Q3 cnx Drilling Cost
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CY2024Q3 cnx Gas Gathering Systems Net
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CY2024Q3 us-gaap Proved Oil And Gas Property Successful Effort Method
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CY2024Q3 cnx Gas Wells And Related Equipment
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CY2024Q3 cnx Surface Land And Other Equipment
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CY2024Q3 us-gaap Finite Lived Intangible Assets Net
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CY2024Q3 us-gaap Finite Lived Intangible Asset Useful Life
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CY2024Q3 us-gaap Amortization Of Intangible Assets
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CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2024Q3 cnx Accrued Transportation Charges
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CY2024Q3 us-gaap Derivative Liabilities Current
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us-gaap Revenues
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CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
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CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
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