2024 Q3 Form 10-Q Financial Statement

#000002882324000076 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $927.1M $939.7M $922.2M
YoY Change 56.66% 1.9% 8.28%
Cost Of Revenue $690.5M $696.5M $697.0M
YoY Change 49.39% -0.07% 2.83%
Gross Profit $236.6M $243.2M $225.2M
YoY Change 82.56% 7.99% 29.5%
Gross Profit Margin 25.52% 25.88% 24.42%
Selling, General & Admin $164.6M $152.2M $201.0M
YoY Change 102.96% -24.28% 28.93%
% of Gross Profit 69.57% 62.58% 89.25%
Research & Development $23.40M $22.10M $25.40M
YoY Change 95.0% -12.99% -1.55%
% of Gross Profit 9.89% 9.09% 11.28%
Depreciation & Amortization $30.60M $30.20M $31.10M
YoY Change 45.71% -2.89% -3.42%
% of Gross Profit 12.93% 12.42% 13.81%
Operating Expenses $190.2M $172.5M $229.1M
YoY Change 105.18% -24.71% 26.09%
Operating Profit $46.40M $70.70M -$3.900M
YoY Change 25.75% -1912.82% -50.0%
Interest Expense -$38.40M -$28.00M $69.70M
YoY Change -189.51% -140.17% -250.54%
% of Operating Profit -82.76% -39.6%
Other Income/Expense, Net -$36.70M -$25.40M -$697.6M
YoY Change -52.34% -96.36% -15265.22%
Pretax Income $9.700M $45.30M -$701.5M
YoY Change -124.19% -106.46% 426.65%
Income Tax $29.90M $32.00M -$24.80M
% Of Pretax Income 308.25% 70.64%
Net Earnings -$22.40M $14.90M -$677.1M
YoY Change -15.47% -102.2% 239.91%
Net Earnings / Revenue -2.42% 1.59% -73.42%
Basic Earnings Per Share -$0.60 $0.40 -$8.46
Diluted Earnings Per Share -$0.60 $0.40 -$8.46
COMMON SHARES
Basic Shares Outstanding 37.57M shares 37.57M shares 80.04M shares
Diluted Shares Outstanding 37.60M shares 37.70M shares 80.00M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $262.4M $285.4M $552.8M
YoY Change -33.18% -48.37% 96.52%
Cash & Equivalents $251.1M $276.7M $541.8M
Short-Term Investments $11.30M $8.700M $11.00M
Other Short-Term Assets $206.9M $220.0M $224.5M
YoY Change -16.51% -2.0% -37.98%
Inventory $641.1M $632.7M $648.3M
Prepaid Expenses $39.60M $34.00M $46.70M
Receivables $665.4M $650.0M $655.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.899B $1.906B $2.136B
YoY Change -11.23% -10.8% 15.56%
LONG-TERM ASSETS
Property, Plant & Equipment $143.7M $147.1M $119.1M
YoY Change -9.62% 23.51% 1.62%
Goodwill $619.6M $602.4M $713.4M
YoY Change 3.84% -15.56%
Intangibles $845.8M $832.8M $226.8M
YoY Change -4.33% 267.2%
Long-Term Investments $6.700M $6.700M $7.000M
YoY Change -77.89% -4.29% -14.63%
Other Assets $312.3M $291.4M $248.0M
YoY Change 17.27% 17.5% 8.3%
Total Long-Term Assets $2.003B $1.944B $1.269B
YoY Change -1.82% 53.18% -4.82%
TOTAL ASSETS
Total Short-Term Assets $1.899B $1.906B $2.136B
Total Long-Term Assets $2.003B $1.944B $1.269B
Total Assets $3.901B $3.850B $3.406B
YoY Change -6.64% 13.04% 7.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $479.0M $489.8M $504.1M
YoY Change 3.9% -2.84% -29.8%
Accrued Expenses $171.1M $155.3M $142.3M
YoY Change -3.39% 9.14% 5.25%
Deferred Revenue $318.2M $356.6M
YoY Change -24.42%
Short-Term Debt $0.00 $0.00 $417.0M
YoY Change -100.0%
Long-Term Debt Due $800.0K $500.0K $1.252B
YoY Change -91.11% -99.96% 11491.67%
Total Short-Term Liabilities $1.312B $1.342B $3.090B
YoY Change -6.79% -56.57% 86.54%
LONG-TERM LIABILITIES
Long-Term Debt $1.100B $1.100B $4.400M
YoY Change -12.54% 24895.45% -99.82%
Other Long-Term Liabilities $95.50M $84.00M $95.60M
YoY Change -23.17% -12.13% -57.57%
Total Long-Term Liabilities $95.50M $84.00M $95.60M
YoY Change -23.17% -12.13% -96.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.312B $1.342B $3.090B
Total Long-Term Liabilities $95.50M $84.00M $95.60M
Total Liabilities $2.825B $2.841B $3.296B
YoY Change -9.61% -13.81% -25.76%
SHAREHOLDERS EQUITY
Retained Earnings -$5.000M $17.40M -$2.195B
YoY Change -100.79%
Common Stock $1.047B $1.044B $953.3M
YoY Change 0.72% 9.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $586.4M
YoY Change
Treasury Stock Shares
Shareholders Equity $1.066B $996.7M -$2.135B
YoY Change
Total Liabilities & Shareholders Equity $3.901B $3.850B $3.406B
YoY Change -6.64% 13.04% 7.02%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$22.40M $14.90M -$677.1M
YoY Change -15.47% -102.2% 239.91%
Depreciation, Depletion And Amortization $30.60M $30.20M $31.10M
YoY Change 45.71% -2.89% -3.42%
Cash From Operating Activities -$15.50M -$8.000M -$241.0M
YoY Change 7650.0% -96.68% 196.07%
INVESTING ACTIVITIES
Capital Expenditures $3.800M $1.700M $5.500M
YoY Change -48.65% -69.09% -234.15%
Acquisitions
YoY Change
Other Investing Activities -$8.600M $3.900M $600.0K
YoY Change -30.08% 550.0% -80.0%
Cash From Investing Activities -$12.40M $2.200M -$4.900M
YoY Change 20.39% -144.9% 345.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.600M -11.90M 542.3M
YoY Change -264.29% -102.19% 372.8%
NET CHANGE
Cash From Operating Activities -15.50M -8.000M -241.0M
Cash From Investing Activities -12.40M 2.200M -4.900M
Cash From Financing Activities -4.600M -11.90M 542.3M
Net Change In Cash -32.50M -17.70M 296.4M
YoY Change 157.94% -105.97% 820.5%
FREE CASH FLOW
Cash From Operating Activities -$15.50M -$8.000M -$241.0M
Capital Expenditures $3.800M $1.700M $5.500M
Free Cash Flow -$19.30M -$9.700M -$246.5M
YoY Change 153.95% -96.06% 218.89%

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