2023 Q3 Form 10-Q Financial Statement

#000162836923000015 Filed on August 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $2.286B $2.406B
YoY Change -9.11% -7.91%
Cost Of Revenue $1.882B $1.978B
YoY Change -8.32% -4.78%
Gross Profit $403.9M $427.9M
YoY Change -12.61% -20.03%
Gross Profit Margin 17.67% 17.78%
Selling, General & Admin $300.9M $328.9M
YoY Change -4.66% 3.59%
% of Gross Profit 74.5% 76.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.20M $35.70M
YoY Change 6.78% -10.08%
% of Gross Profit 8.96% 8.34%
Operating Expenses $300.9M $364.6M
YoY Change -4.66% 14.83%
Operating Profit $57.60M $63.30M
YoY Change -48.62% -64.16%
Interest Expense $89.50M -$45.10M
YoY Change 77.58% -197.83%
% of Operating Profit 155.38% -71.25%
Other Income/Expense, Net -$2.000M -$4.800M
YoY Change -93.67% -80.8%
Pretax Income -$17.30M $6.400M
YoY Change -134.53% -94.8%
Income Tax $16.60M $1.300M
% Of Pretax Income 20.31%
Net Earnings -$33.90M $5.100M
YoY Change -241.84% -94.75%
Net Earnings / Revenue -1.48% 0.21%
Basic Earnings Per Share -$0.15 $0.02
Diluted Earnings Per Share -$0.15 $0.02
COMMON SHARES
Basic Shares Outstanding 227.2M shares 227.1M shares
Diluted Shares Outstanding 227.2M shares 227.1M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $588.2M $502.3M
YoY Change 54.46% 5.37%
Cash & Equivalents $588.2M $502.3M
Short-Term Investments
Other Short-Term Assets $163.6M $216.5M
YoY Change -27.83% -6.24%
Inventory
Prepaid Expenses $213.2M $266.8M
Receivables $1.703B $1.711B
Other Receivables $163.3M $195.1M
Total Short-Term Assets $2.618B $2.625B
YoY Change 8.94% -4.95%
LONG-TERM ASSETS
Property, Plant & Equipment $160.3M $511.8M
YoY Change 2.69% 183.39%
Goodwill $2.052B $2.073B
YoY Change 1.58% 1.12%
Intangibles $822.8M $841.0M
YoY Change -7.07% -6.45%
Long-Term Investments $693.5M $681.9M
YoY Change 5.17% 3.76%
Other Assets $832.9M $498.9M
YoY Change -22.45% -33.0%
Total Long-Term Assets $4.964B $5.016B
YoY Change -4.87% 0.87%
TOTAL ASSETS
Total Short-Term Assets $2.618B $2.625B
Total Long-Term Assets $4.964B $5.016B
Total Assets $7.582B $7.640B
YoY Change -0.51% -1.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.048B $1.058B
YoY Change 1.92% 1.48%
Accrued Expenses $751.4M $694.7M
YoY Change -12.09% -21.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $113.8M $36.70M
YoY Change 173.56% -6.62%
Total Short-Term Liabilities $2.217B $2.123B
YoY Change -0.27% -8.15%
LONG-TERM LIABILITIES
Long-Term Debt $3.125B $3.226B
YoY Change -2.69% 0.44%
Other Long-Term Liabilities $266.5M $612.1M
YoY Change 1.56% 136.88%
Total Long-Term Liabilities $3.392B $3.839B
YoY Change -2.37% 10.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.217B $2.123B
Total Long-Term Liabilities $3.392B $3.839B
Total Liabilities $6.011B $6.019B
YoY Change -0.54% -2.09%
SHAREHOLDERS EQUITY
Retained Earnings -$1.187B -$1.153B
YoY Change 6.78% 1.55%
Common Stock $22.70M $22.70M
YoY Change 0.44% 0.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.571B $1.621B
YoY Change
Total Liabilities & Shareholders Equity $7.582B $7.640B
YoY Change -0.51% -1.21%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$33.90M $5.100M
YoY Change -241.84% -94.75%
Depreciation, Depletion And Amortization $36.20M $35.70M
YoY Change 6.78% -10.08%
Cash From Operating Activities $188.1M -$16.80M
YoY Change 263.83% -80.93%
INVESTING ACTIVITIES
Capital Expenditures $14.20M $10.60M
YoY Change -202.16% -191.38%
Acquisitions
YoY Change
Other Investing Activities -$51.00M $82.70M
YoY Change -47.1% -474.21%
Cash From Investing Activities -$65.20M $72.10M
YoY Change -40.89% -313.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -52.10M -12.20M
YoY Change 231.85% 29.79%
NET CHANGE
Cash From Operating Activities 188.1M -16.80M
Cash From Investing Activities -65.20M 72.10M
Cash From Financing Activities -52.10M -12.20M
Net Change In Cash 70.80M 43.10M
YoY Change -195.29% -132.85%
FREE CASH FLOW
Cash From Operating Activities $188.1M -$16.80M
Capital Expenditures $14.20M $10.60M
Free Cash Flow $173.9M -$27.40M
YoY Change 165.09% -64.18%

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