2023 Q4 Form 10-Q Financial Statement

#000107541523000035 Filed on November 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $361.5M $356.5M
YoY Change 7.32% 10.41%
Cost Of Revenue $303.4M $298.4M
YoY Change 6.4% 3.23%
Gross Profit $58.12M $58.09M
YoY Change 12.38% 71.75%
Gross Profit Margin 16.08% 16.29%
Selling, General & Admin $6.020M $6.954M
YoY Change 4.44% 12.54%
% of Gross Profit 10.36% 11.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $83.65M $67.24M
YoY Change 32.04% 11.3%
% of Gross Profit 143.92% 115.74%
Operating Expenses $89.67M $74.19M
YoY Change 29.74% 11.42%
Operating Profit -$31.55M -$16.10M
YoY Change 81.34% -50.86%
Interest Expense -$45.89M $47.76M
YoY Change 3.24% 1.75%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$79.90M -$65.45M
YoY Change 27.17% -21.72%
Income Tax $66.00K $189.0K
% Of Pretax Income
Net Earnings -$102.6M -$65.78M
YoY Change 57.01% -19.28%
Net Earnings / Revenue -28.37% -18.45%
Basic Earnings Per Share -$0.28
Diluted Earnings Per Share -$0.43 -$0.28
COMMON SHARES
Basic Shares Outstanding 240.5M shares 239.8M shares
Diluted Shares Outstanding 238.9M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $245.9M $278.1M
YoY Change -62.63% -59.76%
Cash & Equivalents $245.9M $278.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $6.081M
Other Receivables $0.00
Total Short-Term Assets $252.0M $278.1M
YoY Change -62.2% -59.76%
LONG-TERM ASSETS
Property, Plant & Equipment $4.821B $4.825B
YoY Change -1.43% -0.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $129.9M $153.7M
YoY Change -19.49% -3.62%
Other Assets $10.47M $25.60M
YoY Change -65.81% -76.68%
Total Long-Term Assets $5.194B $5.252B
YoY Change -2.65% -2.4%
TOTAL ASSETS
Total Short-Term Assets $252.0M $278.1M
Total Long-Term Assets $5.194B $5.252B
Total Assets $5.446B $5.530B
YoY Change -9.26% -8.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.061M
YoY Change 35.74%
Accrued Expenses $46.60M $56.60M
YoY Change -17.25% -5.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $53.66M $56.60M
YoY Change -12.77% -5.34%
LONG-TERM LIABILITIES
Long-Term Debt $2.817B $2.785B
YoY Change -7.58% -8.91%
Other Long-Term Liabilities $238.7M $247.2M
YoY Change -6.04% -0.81%
Total Long-Term Liabilities $3.056B $3.032B
YoY Change -7.46% -8.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.66M $56.60M
Total Long-Term Liabilities $3.056B $3.032B
Total Liabilities $3.109B $3.089B
YoY Change -7.56% -8.25%
SHAREHOLDERS EQUITY
Retained Earnings $1.778B $1.881B
YoY Change -14.17% -11.99%
Common Stock $4.621B $4.621B
YoY Change 0.03% 0.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.337B $2.442B
YoY Change
Total Liabilities & Shareholders Equity $5.446B $5.530B
YoY Change -9.26% -8.93%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$102.6M -$65.78M
YoY Change 57.01% -19.28%
Depreciation, Depletion And Amortization $83.65M $67.24M
YoY Change 32.04% 11.3%
Cash From Operating Activities -$7.209M -$14.03M
YoY Change 111.72% 175.55%
INVESTING ACTIVITIES
Capital Expenditures $66.61M $60.47M
YoY Change -39.6% -140.97%
Acquisitions
YoY Change
Other Investing Activities $15.34M $0.00
YoY Change 7.56% -100.0%
Cash From Investing Activities -$51.26M -$60.47M
YoY Change -46.6% 37.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 26.33M -3.481M
YoY Change -301.1% -81.19%
NET CHANGE
Cash From Operating Activities -7.209M -14.03M
Cash From Investing Activities -51.26M -60.47M
Cash From Financing Activities 26.33M -3.481M
Net Change In Cash -32.14M -77.98M
YoY Change -71.43% 15.36%
FREE CASH FLOW
Cash From Operating Activities -$7.209M -$14.03M
Capital Expenditures $66.61M $60.47M
Free Cash Flow -$73.82M -$74.50M
YoY Change -35.06% -152.28%

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CY2023Q3 us-gaap Number Of Real Estate Properties
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Assets
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StraightLineRent
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StraightLineRent
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StraightLineRent
-1333000 usd
CY2023Q3 dhc Straight Line Rent Excluding Properties Heldfor Sale
StraightLineRentExcludingPropertiesHeldforSale
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76363000 usd
CY2023Q3 us-gaap Variable Lease Payment
VariableLeasePayment
12018000 usd
CY2022Q3 us-gaap Variable Lease Payment
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11312000 usd
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us-gaap Variable Lease Payment
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VariableLeasePayment
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dhc Reimbursement Revenue Lease
ReimbursementRevenueLease
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dhc Reimbursement Revenue Lease
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CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
24163000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
24545000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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338000 usd
CY2023Q3 dhc Encumbered Properties Threshold Appraised Value
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1090909000 usd
CY2023Q2 dhc Encumbered Properties Appraised Value
EncumberedPropertiesAppraisedValue
1337200000 usd
CY2023Q2 dhc Encumbered Properties Appraised Value
EncumberedPropertiesAppraisedValue
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CY2023Q3 dhc Encumbered Properties Threshold Appraised Value
EncumberedPropertiesThresholdAppraisedValue
1090909000 usd
CY2023Q3 dhc Consolidated Income Available To Debt Ratio
ConsolidatedIncomeAvailableToDebtRatio
1.5
CY2023Q3 dhc Consolidated Income Available To Debt Ratio
ConsolidatedIncomeAvailableToDebtRatio
1.5
CY2022Q3 us-gaap Equity Securities Fv Ni Realized Gain Loss
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EquitySecuritiesFvNiRealizedGainLoss
8126000 usd
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EquitySecuritiesFvNiRealizedGainLoss
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CY2022Q3 us-gaap General And Administrative Expense
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CY2022Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
289000 usd
CY2022Q3 us-gaap Costs And Expenses
CostsAndExpenses
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CommonStockDividendsPerShareCashPaid
0.01
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2397000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2023Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2397000 usd
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2023Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2398000 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.03
us-gaap Payments Of Dividends Common Stock
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7192000 usd
us-gaap Number Of Operating Segments
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CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
356524000 usd
CY2023Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
298432000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
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67236000 usd
CY2023Q3 us-gaap General And Administrative Expense
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6954000 usd
CY2023Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3676000 usd
CY2023Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1156000 usd
CY2023Q3 us-gaap Costs And Expenses
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377454000 usd
CY2023Q3 us-gaap Interest And Other Income
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3243000 usd
CY2023Q3 us-gaap Interest Expense
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47758000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
189000 usd
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IncomeLossFromEquityMethodInvestments
-145000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1048773000 usd
us-gaap Operating Costs And Expenses
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us-gaap Depreciation Depletion And Amortization
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GeneralAndAdministrativeExpense
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us-gaap Business Combination Acquisition Related Costs
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18380000 usd
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us-gaap Gain Loss On Sale Of Properties
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1233000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2127000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
946681000 usd
us-gaap Operating Costs And Expenses
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
175927000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20671000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1826000 usd
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CostsAndExpenses
1022328000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
322064000 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
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us-gaap Interest And Other Income
InterestAndOtherIncome
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us-gaap Interest Expense
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Income Tax Expense Benefit
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8685000 usd
us-gaap Net Income Loss
NetIncomeLoss
49548000 usd
CY2022Q4 us-gaap Assets
Assets
6002093000 usd
CY2023Q3 dei Entity Number Of Employees
EntityNumberOfEmployees
0 employee
CY2023Q3 dhc Property Management And Construction Supervision Fees
PropertyManagementAndConstructionSupervisionFees
2209000 usd
CY2022Q3 dhc Property Management And Construction Supervision Fees
PropertyManagementAndConstructionSupervisionFees
2658000 usd
dhc Property Management And Construction Supervision Fees
PropertyManagementAndConstructionSupervisionFees
6403000 usd
dhc Property Management And Construction Supervision Fees
PropertyManagementAndConstructionSupervisionFees
7567000 usd
CY2023Q3 dhc Property Management And Construction Supervision Fees Paid
PropertyManagementAndConstructionSupervisionFeesPaid
3671000 usd
CY2022Q3 dhc Property Management And Construction Supervision Fees Paid
PropertyManagementAndConstructionSupervisionFeesPaid
3498000 usd
dhc Property Management And Construction Supervision Fees Paid
PropertyManagementAndConstructionSupervisionFeesPaid
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dhc Property Management And Construction Supervision Fees Paid
PropertyManagementAndConstructionSupervisionFeesPaid
9573000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
189000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
379000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
845000 usd

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