2024 Q3 Form 10-Q Financial Statement

#000095017024093045 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.082B $1.387B
YoY Change -32.34% -27.71%
Cost Of Revenue $647.1M $839.3M
YoY Change -38.56% -35.5%
Gross Profit $435.1M $547.6M
YoY Change -20.34% -11.28%
Gross Profit Margin 40.21% 39.48%
Selling, General & Admin $203.4M $210.3M
YoY Change -11.45% -17.5%
% of Gross Profit 46.75% 38.4%
Research & Development $78.00M $91.60M
YoY Change -37.85% -40.21%
% of Gross Profit 17.93% 16.73%
Depreciation & Amortization $19.30M $22.70M
YoY Change -37.13% -83.72%
% of Gross Profit 4.44% 4.15%
Operating Expenses $337.3M $363.2M
YoY Change -75.42% -28.71%
Operating Profit $102.2M $192.8M
YoY Change -112.38% 79.02%
Interest Expense $168.0M $167.5M
YoY Change -1.93% -200.0%
% of Operating Profit 164.38% 86.88%
Other Income/Expense, Net -$6.800M $3.700M
YoY Change -206.25% 12.12%
Pretax Income -$70.00M $31.10M
YoY Change -92.91% -133.8%
Income Tax $26.70M -$43.70M
% Of Pretax Income -140.51%
Net Earnings -$33.00M $44.40M
YoY Change -96.02% -138.38%
Net Earnings / Revenue -3.05% 3.2%
Basic Earnings Per Share -$0.23 $0.13
Diluted Earnings Per Share -$0.23 $0.13
COMMON SHARES
Basic Shares Outstanding 215.9M 212.3M
Diluted Shares Outstanding 215.9M 215.5M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $392.1M $345.9M
YoY Change -24.45% -17.27%
Cash & Equivalents $392.1M $345.9M
Short-Term Investments
Other Short-Term Assets $1.524B $179.3M
YoY Change 714.71% -9.67%
Inventory $843.5M $1.042B
Prepaid Expenses
Receivables $664.8M $999.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.424B $2.567B
YoY Change 6.51% -25.05%
LONG-TERM ASSETS
Property, Plant & Equipment $365.0M $436.6M
YoY Change -32.29% -40.51%
Goodwill $2.907B $3.500B
YoY Change -20.05% -14.19%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $285.1M $312.3M
YoY Change -71.57% -54.17%
Total Long-Term Assets $5.387B $6.254B
YoY Change -21.37% -19.2%
TOTAL ASSETS
Total Short-Term Assets $3.424B $2.567B
Total Long-Term Assets $5.387B $6.254B
Total Assets $8.811B $8.821B
YoY Change -12.47% -21.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $381.7M $494.8M
YoY Change -52.01% -36.78%
Accrued Expenses $427.6M $564.7M
YoY Change -30.7% -29.17%
Deferred Revenue $99.40M $107.0M
YoY Change -2.55% -2.37%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.307B $1.307B
YoY Change 3983.13% 3983.13%
Total Short-Term Liabilities $2.451B $2.473B
YoY Change 58.47% 43.65%
LONG-TERM LIABILITIES
Long-Term Debt $7.966B $7.968B
YoY Change -14.83% -15.06%
Other Long-Term Liabilities $404.4M $388.6M
YoY Change 0.0% -0.84%
Total Long-Term Liabilities $8.371B $8.357B
YoY Change -14.21% -14.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.451B $2.473B
Total Long-Term Liabilities $8.371B $8.357B
Total Liabilities $10.92B $10.95B
YoY Change -4.27% -6.05%
SHAREHOLDERS EQUITY
Retained Earnings -$5.301B -$5.268B
YoY Change 19.72% 46.36%
Common Stock $2.525B $2.533B
YoY Change -1.23% -1.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $303.6M $303.5M
YoY Change 0.7% 0.66%
Treasury Stock Shares
Shareholders Equity -$3.323B -$3.319B
YoY Change
Total Liabilities & Shareholders Equity $8.811B $8.821B
YoY Change -12.47% -21.0%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$33.00M $44.40M
YoY Change -96.02% -138.38%
Depreciation, Depletion And Amortization $19.30M $22.70M
YoY Change -37.13% -83.72%
Cash From Operating Activities $122.1M $50.80M
YoY Change -12.03% -62.87%
INVESTING ACTIVITIES
Capital Expenditures $6.700M $5.300M
YoY Change -22.99% -74.52%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$44.90M
YoY Change -100.0% -480.51%
Cash From Investing Activities -$6.700M -$50.20M
YoY Change -22.09% 457.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.000M -9.600M
YoY Change -68.13% -73.84%
NET CHANGE
Cash From Operating Activities 122.1M 50.80M
Cash From Investing Activities -6.700M -50.20M
Cash From Financing Activities -8.000M -9.600M
Net Change In Cash 107.4M -9.000M
YoY Change 2.19% -109.88%
FREE CASH FLOW
Cash From Operating Activities $122.1M $50.80M
Capital Expenditures $6.700M $5.300M
Free Cash Flow $115.4M $45.50M
YoY Change -11.3% -60.78%

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