2024 Q1 Form 10-K Financial Statement

#000162828024007359 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $688.0M $926.0M $2.826B
YoY Change 20.91% 12.93% 4.94%
Cost Of Revenue $535.0M $716.0M $2.178B
YoY Change 22.15% 12.58% 2.83%
Gross Profit $153.0M $210.0M $648.0M
YoY Change 16.79% 14.13% 12.7%
Gross Profit Margin 22.24% 22.68% 22.93%
Selling, General & Admin $101.0M $98.00M $384.0M
YoY Change 1.0% 2.08% 7.56%
% of Gross Profit 66.01% 46.67% 59.26%
Research & Development $82.00M
YoY Change 41.38%
% of Gross Profit 12.65%
Depreciation & Amortization $22.00M $22.00M $85.00M
YoY Change 0.0% 29.41% 30.77%
% of Gross Profit 14.38% 10.48% 13.12%
Operating Expenses $106.0M $105.0M $82.00M
YoY Change 0.0% 8.25% 41.38%
Operating Profit $43.00M $105.0M $231.0M
YoY Change 72.0% 20.69% -58.82%
Interest Expense $5.000M -$9.000M $36.00M
YoY Change -37.5% 28.57% 5.88%
% of Operating Profit 11.63% -8.57% 15.58%
Other Income/Expense, Net -$1.000M -$1.000M -$3.000M
YoY Change 0.0% -50.0% 50.0%
Pretax Income $37.00M $95.00M $192.0M
YoY Change 131.25% 21.79% -63.43%
Income Tax $8.000M $21.00M $24.00M
% Of Pretax Income 21.62% 22.11% 12.5%
Net Earnings $29.00M $74.00M $168.0M
YoY Change 141.67% 13.85% -58.52%
Net Earnings / Revenue 4.22% 7.99% 5.94%
Basic Earnings Per Share $0.11 $0.64
Diluted Earnings Per Share $0.11 $0.28 $0.64
COMMON SHARES
Basic Shares Outstanding 262.6M shares 262.4M shares 261.0M shares
Diluted Shares Outstanding 266.0M shares 264.0M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $160.0M $467.0M $467.0M
YoY Change -8.05% 52.61% 52.61%
Cash & Equivalents $160.0M $467.0M $467.0M
Short-Term Investments
Other Short-Term Assets $47.00M $42.00M $63.00M
YoY Change 62.07% 75.0% 43.18%
Inventory $342.0M $329.0M $329.0M
Prepaid Expenses $23.00M $21.00M
Receivables $194.0M $151.0M $1.059B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.772B $1.918B $1.918B
YoY Change 3.5% 12.36% 12.36%
LONG-TERM ASSETS
Property, Plant & Equipment $407.0M $402.0M $402.0M
YoY Change 1.24% -0.5% -0.5%
Goodwill $1.238B $1.238B
YoY Change 0.16% 0.16%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $95.00M $89.00M $212.0M
YoY Change 3.26% -3.26% 34.18%
Total Long-Term Assets $2.009B $2.003B $2.003B
YoY Change 2.03% 1.68% 1.68%
TOTAL ASSETS
Total Short-Term Assets $1.772B $1.918B $1.918B
Total Long-Term Assets $2.009B $2.003B $2.003B
Total Assets $3.781B $3.921B $3.921B
YoY Change 2.72% 6.64% 6.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $220.0M $398.0M $398.0M
YoY Change -14.73% -12.91% -12.91%
Accrued Expenses $146.0M $159.0M $159.0M
YoY Change 2.1% -3.05% -3.05%
Deferred Revenue $361.0M $335.0M
YoY Change 46.15% 43.78%
Short-Term Debt $9.000M $35.00M $35.00M
YoY Change -40.0% 250.0%
Long-Term Debt Due $30.00M $57.00M $57.00M
YoY Change -88.0% 96.55% 96.55%
Total Short-Term Liabilities $902.0M $1.078B $1.078B
YoY Change -11.48% 3.45% 3.45%
LONG-TERM LIABILITIES
Long-Term Debt $356.0M $349.0M $349.0M
YoY Change -1.11% -4.38% -4.38%
Other Long-Term Liabilities $129.0M $129.0M $165.0M
YoY Change 16.22% 31.63% 15.38%
Total Long-Term Liabilities $524.0M $518.0M $514.0M
YoY Change 0.96% 1.97% 1.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $902.0M $1.078B $1.078B
Total Long-Term Liabilities $524.0M $518.0M $514.0M
Total Liabilities $1.426B $1.596B $1.596B
YoY Change -7.28% 2.97% 2.97%
SHAREHOLDERS EQUITY
Retained Earnings -$2.777B -$2.806B
YoY Change -6.25% -5.65%
Common Stock $3.000M $3.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.355B $2.325B $2.325B
YoY Change
Total Liabilities & Shareholders Equity $3.781B $3.921B $3.921B
YoY Change 2.72% 6.64% 6.64%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $29.00M $74.00M $168.0M
YoY Change 141.67% 13.85% -58.52%
Depreciation, Depletion And Amortization $22.00M $22.00M $85.00M
YoY Change 0.0% 29.41% 30.77%
Cash From Operating Activities -$265.0M $515.0M $205.0M
YoY Change -20.66% 84.59% 521.21%
INVESTING ACTIVITIES
Capital Expenditures $10.00M $18.00M $60.00M
YoY Change -33.33% -40.0% -7.69%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $0.00 $1.000M $1.000M
YoY Change -100.0% -94.44% -99.8%
Cash From Investing Activities -$10.00M -$17.00M -$59.00M
YoY Change -28.57% 41.67% -113.53%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change -100.0%
Common Stock Issuance & Retirement, Net $12.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$32.00M -78.00M $15.00M
YoY Change -114.81% 225.0% -103.72%
NET CHANGE
Cash From Operating Activities -$265.0M 515.0M $205.0M
Cash From Investing Activities -$10.00M -17.00M -$59.00M
Cash From Financing Activities -$32.00M -78.00M $15.00M
Net Change In Cash -$307.0M 420.0M $161.0M
YoY Change 132.58% 72.84% 143.94%
FREE CASH FLOW
Cash From Operating Activities -$265.0M $515.0M $205.0M
Capital Expenditures $10.00M $18.00M $60.00M
Free Cash Flow -$275.0M $497.0M $145.0M
YoY Change -21.2% 99.6% -553.13%

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Files In Submission

Name View Source Status
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