2024 Q1 Form 10-K Financial Statement

#000159089524000051 Filed on February 20, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $2.742B $2.825B $11.53B
YoY Change -3.11% 0.14% 6.53%
Cost Of Revenue $1.424B $1.449B $5.701B
YoY Change 1.57% 5.08% 0.25%
Gross Profit $1.318B $1.376B $5.827B
YoY Change -7.7% -4.58% 13.5%
Gross Profit Margin 48.07% 48.71% 50.55%
Selling, General & Admin $500.0M $476.0M $2.012B
YoY Change -1.77% -8.99% -2.71%
% of Gross Profit 37.94% 34.59% 34.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $327.0M $318.0M $1.261B
YoY Change 9.0% 7.8% 4.65%
% of Gross Profit 24.81% 23.11% 21.64%
Operating Expenses $827.0M $794.0M $3.273B
YoY Change 2.22% -2.93% 0.0%
Operating Profit $491.0M $582.0M $2.472B
YoY Change -18.57% -6.73% 42.15%
Interest Expense -$590.0M -$581.0M $2.394B
YoY Change -197.68% -0.68% 3.95%
% of Operating Profit -120.16% -99.83% 96.84%
Other Income/Expense, Net $26.00M $5.000M -$2.532B
YoY Change -103.3% -171.43% 9.9%
Pretax Income -$127.0M -$40.00M -$60.00M
YoY Change -31.35% -74.36% -89.38%
Income Tax $15.00M $16.00M -$888.0M
% Of Pretax Income
Net Earnings -$158.0M -$72.00M $786.0M
YoY Change 16.18% -51.35% -187.43%
Net Earnings / Revenue -5.76% -2.55% 6.82%
Basic Earnings Per Share -$0.73 $3.65
Diluted Earnings Per Share -$0.73 -$0.33 $3.64
COMMON SHARES
Basic Shares Outstanding 216.3M shares 215.7M shares 215.0M shares
Diluted Shares Outstanding 216.0M shares 216.0M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $726.0M $1.005B $1.005B
YoY Change -24.77% -3.18% -3.18%
Cash & Equivalents $726.0M $1.005B $1.005B
Short-Term Investments
Other Short-Term Assets $416.0M $386.0M $386.0M
YoY Change -6.73% -2.03% -2.03%
Inventory $44.00M $46.00M $46.00M
Prepaid Expenses $290.0M $264.0M
Receivables $551.0M $608.0M $608.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.737B $2.045B $2.045B
YoY Change -13.63% -2.71% -2.71%
LONG-TERM ASSETS
Property, Plant & Equipment $14.80B $14.76B $15.38B
YoY Change 1.33% 1.08% 0.93%
Goodwill $10.99B $10.99B
YoY Change -0.13% -0.13%
Intangibles $4.487B $4.523B
YoY Change -4.08% -4.05%
Long-Term Investments $157.0M $157.0M $157.0M
YoY Change 72.53% 67.02% 67.02%
Other Assets $837.0M $848.0M $273.0M
YoY Change -12.54% -16.45% -27.39%
Total Long-Term Assets $31.32B $31.32B $31.32B
YoY Change -0.05% -0.33% -0.33%
TOTAL ASSETS
Total Short-Term Assets $1.737B $2.045B $2.045B
Total Long-Term Assets $31.32B $31.32B $31.32B
Total Assets $33.06B $33.37B $33.37B
YoY Change -0.87% -0.48% -0.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $439.0M $408.0M $408.0M
YoY Change 54.04% 29.94% 29.94%
Accrued Expenses $2.002B $2.217B $1.468B
YoY Change -1.09% -1.29% -2.07%
Deferred Revenue $749.0M
YoY Change 0.27%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $94.00M $65.00M $65.00M
YoY Change 38.24% -39.81% -39.81%
Total Short-Term Liabilities $2.535B $2.690B $2.690B
YoY Change 6.65% 0.82% 0.82%
LONG-TERM LIABILITIES
Long-Term Debt $12.17B $12.22B $24.98B
YoY Change -5.68% -3.44% -1.13%
Other Long-Term Liabilities $860.0M $871.0M $871.0M
YoY Change 0.7% 2.23% 2.23%
Total Long-Term Liabilities $13.03B $13.10B $25.85B
YoY Change -5.28% -3.08% -1.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.535B $2.690B $2.690B
Total Long-Term Liabilities $13.03B $13.10B $25.85B
Total Liabilities $28.47B $28.65B $28.81B
YoY Change -4.18% -3.8% -3.35%
SHAREHOLDERS EQUITY
Retained Earnings -$2.523B
YoY Change -23.75%
Common Stock $7.001B
YoY Change 0.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.404B $4.552B $4.552B
YoY Change
Total Liabilities & Shareholders Equity $33.06B $33.37B $33.37B
YoY Change -0.87% -0.48% -0.48%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$158.0M -$72.00M $786.0M
YoY Change 16.18% -51.35% -187.43%
Depreciation, Depletion And Amortization $327.0M $318.0M $1.261B
YoY Change 9.0% 7.8% 4.65%
Cash From Operating Activities $80.00M $508.0M $1.809B
YoY Change -54.02% -3.05% 85.54%
INVESTING ACTIVITIES
Capital Expenditures $264.0M $369.0M $1.264B
YoY Change -2.94% 57.02% 32.77%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$6.000M -$36.00M
YoY Change -100.0% -135.29% -700.0%
Cash From Investing Activities -$264.0M -$375.0M -$1.256B
YoY Change 14.29% 72.02% 228.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$94.00M -5.000M -713.0M
YoY Change 308.7% -97.95% -44.38%
NET CHANGE
Cash From Operating Activities $80.00M 508.0M 1.809B
Cash From Investing Activities -$264.0M -375.0M -1.256B
Cash From Financing Activities -$94.00M -5.000M -713.0M
Net Change In Cash -$278.0M 128.0M -$160.0M
YoY Change 247.5% 106.45% -77.72%
FREE CASH FLOW
Cash From Operating Activities $80.00M $508.0M $1.809B
Capital Expenditures $264.0M $369.0M $1.264B
Free Cash Flow -$184.0M $139.0M $545.0M
YoY Change 87.76% -51.9% 2269.57%

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