2024 Q1 Form 10-K Financial Statement

#000184202224000003 Filed on February 16, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $240.0M $244.0M $922.0M
YoY Change 9.09% 0.41% 0.22%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $12.00M $6.000M $51.00M
YoY Change 33.33% -92.77% -82.71%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.00M $49.00M $182.0M
YoY Change 16.28% 11.36% 7.06%
% of Gross Profit
Operating Expenses $116.0M $124.0M $455.0M
YoY Change 5.45% -2.36% -2.15%
Operating Profit $124.0M $471.0M
YoY Change 12.73% -1.46%
Interest Expense $40.00M $6.000M $150.0M
YoY Change 5.26% 0.0% 9.49%
% of Operating Profit 32.26% 31.85%
Other Income/Expense, Net $0.00 $0.00 $1.000M
YoY Change -100.0% -100.0% 0.0%
Pretax Income $131.0M $126.0M $500.0M
YoY Change 6.5% 2.44% 3.73%
Income Tax $31.00M $2.000M $104.0M
% Of Pretax Income 23.66% 1.59% 20.8%
Net Earnings $97.00M $121.0M $384.0M
YoY Change 19.75% 42.35% 3.78%
Net Earnings / Revenue 40.42% 49.59% 41.65%
Basic Earnings Per Share $1.00 $3.97
Diluted Earnings Per Share $0.99 $1.24 $3.94
COMMON SHARES
Basic Shares Outstanding 96.98M shares 96.90M shares
Diluted Shares Outstanding 97.70M shares 97.50M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.00M $56.00M $56.00M
YoY Change -56.84% -8.2% -8.2%
Cash & Equivalents $41.00M $56.00M $56.00M
Short-Term Investments
Other Short-Term Assets $38.00M $47.00M $47.00M
YoY Change 18.75% 161.11% 17.5%
Inventory
Prepaid Expenses
Receivables $136.0M $154.0M $154.0M
Other Receivables $4.000M $4.000M $15.00M
Total Short-Term Assets $229.0M $272.0M $272.0M
YoY Change -8.03% 3.82% 3.82%
LONG-TERM ASSETS
Property, Plant & Equipment $4.475B $4.434B $4.472B
YoY Change 11.88% 16.5% 16.55%
Goodwill $473.0M $473.0M
YoY Change 0.0% 0.0%
Intangibles $1.953B $1.968B
YoY Change -2.88% -2.81%
Long-Term Investments $1.735B $1.762B $1.762B
YoY Change -20.08% -19.91% -19.91%
Other Assets $2.512B $2.514B $31.00M
YoY Change -1.91% -1.99% -3.13%
Total Long-Term Assets $8.722B $8.710B $8.710B
YoY Change -0.11% 1.62% 1.62%
TOTAL ASSETS
Total Short-Term Assets $229.0M $272.0M $272.0M
Total Long-Term Assets $8.722B $8.710B $8.710B
Total Assets $8.951B $8.982B $8.982B
YoY Change -0.33% 1.69% 1.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $68.00M $94.00M $94.00M
YoY Change -36.45% -21.01% -21.01%
Accrued Expenses $91.00M $75.00M $75.00M
YoY Change 8.33% 0.0% 0.0%
Deferred Revenue $21.00M $18.00M
YoY Change 350.0%
Short-Term Debt $55.00M $165.0M $165.0M
YoY Change -86.59% -50.0% -50.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $322.0M $434.0M $434.0M
YoY Change -53.87% -29.32% -29.32%
LONG-TERM LIABILITIES
Long-Term Debt $3.067B $3.065B $3.065B
YoY Change 0.2% 0.2% 0.2%
Other Long-Term Liabilities $1.256B $1.203B $172.0M
YoY Change 18.83% 19.58% 107.23%
Total Long-Term Liabilities $4.323B $4.268B $3.237B
YoY Change 4.98% 4.99% 3.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $322.0M $434.0M $434.0M
Total Long-Term Liabilities $4.323B $4.268B $3.237B
Total Liabilities $4.645B $4.702B $4.843B
YoY Change -3.55% 0.49% 0.35%
SHAREHOLDERS EQUITY
Retained Earnings $686.0M $661.0M
YoY Change 22.28% 20.84%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.166B $4.139B $4.139B
YoY Change
Total Liabilities & Shareholders Equity $8.951B $8.982B $8.982B
YoY Change -0.33% 1.69% 1.69%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $97.00M $121.0M $384.0M
YoY Change 19.75% 42.35% 3.78%
Depreciation, Depletion And Amortization $50.00M $49.00M $182.0M
YoY Change 16.28% 11.36% 7.06%
Cash From Operating Activities $241.0M $184.0M $798.0M
YoY Change -1.23% 21.85% 10.07%
INVESTING ACTIVITIES
Capital Expenditures $98.00M $150.0M $772.0M
YoY Change -57.02% -9.09% 128.4%
Acquisitions
YoY Change
Other Investing Activities $27.00M $22.00M -$1.000M
YoY Change 125.0% -104.08%
Cash From Investing Activities -$71.00M -$128.0M -$351.0M
YoY Change -67.13% -81.82% -58.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -$185.0M -30.00M -$452.0M
YoY Change -3183.33% -111.58% -879.31%
NET CHANGE
Cash From Operating Activities $241.0M 184.0M $798.0M
Cash From Investing Activities -$71.00M -128.0M -$351.0M
Cash From Financing Activities -$185.0M -30.00M -$452.0M
Net Change In Cash -$15.00M 26.00M -$5.000M
YoY Change -144.12% -108.84% -92.96%
FREE CASH FLOW
Cash From Operating Activities $241.0M $184.0M $798.0M
Capital Expenditures $98.00M $150.0M $772.0M
Free Cash Flow $143.0M $34.00M $26.00M
YoY Change 793.75% -342.86% -93.28%

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