2023 Q3 Form 10-Q Financial Statement

#000179920823000037 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $588.5M $554.7M
YoY Change 5.79% 3.24%
Cost Of Revenue $206.5M $205.0M
YoY Change 18.0% -42.77%
Gross Profit $382.0M $349.7M
YoY Change 0.18% 95.25%
Gross Profit Margin 64.91% 63.04%
Selling, General & Admin $181.6M $183.6M
YoY Change -1.36% 3.96%
% of Gross Profit 47.54% 52.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $146.7M $145.0M
YoY Change 1.1% -1.36%
% of Gross Profit 38.4% 41.46%
Operating Expenses $181.6M $328.6M
YoY Change -1.36% 86.07%
Operating Profit $52.10M $21.10M
YoY Change 14.51% -28.96%
Interest Expense $57.00M -$55.00M
YoY Change 16.09% -231.26%
% of Operating Profit 109.4% -260.66%
Other Income/Expense, Net -$58.60M $1.500M
YoY Change 47.24% -104.93%
Pretax Income -$6.500M -$37.00M
YoY Change -214.04% 5185.71%
Income Tax -$11.20M -$17.50M
% Of Pretax Income
Net Earnings $5.300M -$19.40M
YoY Change -49.04%
Net Earnings / Revenue 0.9% -3.5%
Basic Earnings Per Share $0.01 -$0.04
Diluted Earnings Per Share $0.01 -$0.05
COMMON SHARES
Basic Shares Outstanding 439.2M shares 439.3M shares
Diluted Shares Outstanding 432.2M shares 430.5M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $230.1M $260.6M
YoY Change 12.85% 24.33%
Cash & Equivalents $230.1M $260.6M
Short-Term Investments
Other Short-Term Assets $90.80M $234.6M
YoY Change 254.69% 889.87%
Inventory
Prepaid Expenses
Receivables $221.4M $194.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $685.6M $690.1M
YoY Change 2.85% -7.75%
LONG-TERM ASSETS
Property, Plant & Equipment $95.90M $145.5M
YoY Change 2.79% 53.48%
Goodwill $3.414B $3.422B
YoY Change 0.39% -0.43%
Intangibles $3.998B $4.113B
YoY Change -9.04% -9.43%
Long-Term Investments $19.30M $19.50M
YoY Change -26.34% -26.42%
Other Assets $141.6M $168.9M
YoY Change -1.94% 6.7%
Total Long-Term Assets $8.450B $8.577B
YoY Change -3.58% -4.15%
TOTAL ASSETS
Total Short-Term Assets $685.6M $690.1M
Total Long-Term Assets $8.450B $8.577B
Total Assets $9.135B $9.267B
YoY Change -3.12% -4.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $80.40M $79.30M
YoY Change -10.37% -2.46%
Accrued Expenses $245.1M $255.7M
YoY Change -7.72% 4.2%
Deferred Revenue $560.7M $598.9M
YoY Change 4.49% 2.78%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $32.70M $32.70M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $937.1M $974.6M
YoY Change 0.07% 2.81%
LONG-TERM LIABILITIES
Long-Term Debt $3.606B $3.613B
YoY Change 1.51% -1.82%
Other Long-Term Liabilities $115.1M $251.7M
YoY Change -7.62% 90.11%
Total Long-Term Liabilities $3.721B $3.865B
YoY Change 1.2% 1.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $937.1M $974.6M
Total Long-Term Liabilities $3.721B $3.865B
Total Liabilities $5.712B $5.828B
YoY Change -2.24% -3.68%
SHAREHOLDERS EQUITY
Retained Earnings -$812.8M -$817.2M
YoY Change 3.29% 2.81%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.412B $3.439B
YoY Change
Total Liabilities & Shareholders Equity $9.135B $9.267B
YoY Change -3.12% -4.43%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $5.300M -$19.40M
YoY Change -49.04%
Depreciation, Depletion And Amortization $146.7M $145.0M
YoY Change 1.1% -1.36%
Cash From Operating Activities $69.10M $58.90M
YoY Change -69.06% -24.2%
INVESTING ACTIVITIES
Capital Expenditures $1.100M $48.60M
YoY Change -59.26% 1329.41%
Acquisitions
YoY Change
Other Investing Activities -$3.700M $7.000M
YoY Change -56.47% -380.0%
Cash From Investing Activities -$39.10M -$41.60M
YoY Change -37.44% -22.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -51.30M 34.20M
YoY Change -66.58% -349.64%
NET CHANGE
Cash From Operating Activities 69.10M 58.90M
Cash From Investing Activities -39.10M -41.60M
Cash From Financing Activities -51.30M 34.20M
Net Change In Cash -21.30M 51.50M
YoY Change -391.78% 415.0%
FREE CASH FLOW
Cash From Operating Activities $69.10M $58.90M
Capital Expenditures $1.100M $48.60M
Free Cash Flow $68.00M $10.30M
YoY Change -69.17% -86.14%

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