2024 Q4 Form 10-Q Financial Statement

#000146310124000141 Filed on October 22, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $380.9M $551.1M
YoY Change -30.89% -13.18%
Cost Of Revenue $202.7M $289.1M
YoY Change -29.88% -21.19%
Gross Profit $178.2M $262.0M
YoY Change -32.0% -2.2%
Gross Profit Margin 46.78% 47.55%
Selling, General & Admin $79.86M $89.15M
YoY Change -10.42% 1.66%
% of Gross Profit 44.82% 34.03%
Research & Development $47.84M $54.87M
YoY Change -12.81% 24.18%
% of Gross Profit 26.85% 20.94%
Depreciation & Amortization $20.10M $19.50M
YoY Change 3.09% 63.03%
% of Gross Profit 11.28% 7.44%
Operating Expenses $128.4M $144.0M
YoY Change -10.86% 8.72%
Operating Profit $49.79M $118.0M
YoY Change -57.8% -12.89%
Interest Expense $17.00M $2.196M
YoY Change 674.09% -2.62%
% of Operating Profit 34.14% 1.86%
Other Income/Expense, Net $955.0K $19.36M
YoY Change -95.07% -1732.04%
Pretax Income $50.70M $137.3M
YoY Change -63.07% 2.23%
Income Tax $5.000M $23.40M
% Of Pretax Income 9.86% 17.04%
Net Earnings $45.76M $114.0M
YoY Change -59.84% -0.75%
Net Earnings / Revenue 12.02% 20.68%
Basic Earnings Per Share $0.34 $0.84
Diluted Earnings Per Share $0.33 $0.79
COMMON SHARES
Basic Shares Outstanding 135.1M shares 135.4M shares 136.4M shares
Diluted Shares Outstanding 139.9M shares 143.9M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.767B $1.784B
YoY Change -0.97% 25.87%
Cash & Equivalents $256.3M $290.1M
Short-Term Investments $1.510B $1.494B
Other Short-Term Assets $160.6M $40.80M
YoY Change 293.66% 82.56%
Inventory $158.8M $174.1M
Prepaid Expenses
Receivables $232.2M $560.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.361B $2.599B
YoY Change -9.15% 31.07%
LONG-TERM ASSETS
Property, Plant & Equipment $148.4M $173.0M
YoY Change -14.2% 88.46%
Goodwill $214.3M $213.2M
YoY Change 0.52% 9.05%
Intangibles $51.15M $79.15M
YoY Change -35.37% -12.95%
Long-Term Investments
YoY Change
Other Assets $185.4M $215.3M
YoY Change -13.86% 53.29%
Total Long-Term Assets $903.3M $955.3M
YoY Change -5.44% 33.58%
TOTAL ASSETS
Total Short-Term Assets $2.361B $2.599B
Total Long-Term Assets $903.3M $955.3M
Total Assets $3.264B $3.554B
YoY Change -8.15% 31.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $112.4M $90.12M
YoY Change 24.75% -2.92%
Accrued Expenses $189.8M $434.8M
YoY Change -56.35% 69.99%
Deferred Revenue $129.6M $114.0M
YoY Change 13.61% 43.24%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $99.93M $94.67M
YoY Change 5.56% 5.59%
Total Short-Term Liabilities $567.5M $774.4M
YoY Change -26.72% 40.74%
LONG-TERM LIABILITIES
Long-Term Debt $1.200B $1.197B
YoY Change 0.28% -0.14%
Other Long-Term Liabilities $62.39M $53.76M
YoY Change 16.05% 111.51%
Total Long-Term Liabilities $1.263B $1.251B
YoY Change 0.95% 2.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $567.5M $774.4M
Total Long-Term Liabilities $1.263B $1.251B
Total Liabilities $2.333B $2.539B
YoY Change -8.13% 21.62%
SHAREHOLDERS EQUITY
Retained Earnings -$104.9M $125.4M
YoY Change -183.71% -191.89%
Common Stock $1.000K $1.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $931.4M $1.015B
YoY Change
Total Liabilities & Shareholders Equity $3.264B $3.554B
YoY Change -8.15% 31.73%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $45.76M $114.0M
YoY Change -59.84% -0.75%
Depreciation, Depletion And Amortization $20.10M $19.50M
YoY Change 3.09% 63.03%
Cash From Operating Activities $170.1M $145.8M
YoY Change 16.69% -22.45%
INVESTING ACTIVITIES
Capital Expenditures $8.533M $23.80M
YoY Change -64.15% -365.98%
Acquisitions
YoY Change
Other Investing Activities -$103.9M $9.000M
YoY Change -1254.99% -102.74%
Cash From Investing Activities -$112.5M -$14.80M
YoY Change 660.01% -95.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -56.07M -117.8M
YoY Change -52.4% 2923.61%
NET CHANGE
Cash From Operating Activities 170.1M 145.8M
Cash From Investing Activities -112.5M -14.80M
Cash From Financing Activities -56.07M -117.8M
Net Change In Cash 1.585M 13.20M
YoY Change -87.99% -108.58%
FREE CASH FLOW
Cash From Operating Activities $170.1M $145.8M
Capital Expenditures $8.533M $23.80M
Free Cash Flow $161.6M $122.0M
YoY Change 32.46% -38.06%

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CY2023Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
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<div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Significant estimates and assumptions reflected in the financial statements include revenue recognition, allowance for doubtful accounts, stock-based compensation, deferred compensation arrangements, income tax provision, inventory valuation, government grants, accrued warranty obligations, fair value of investments, convertible notes, fair value of acquired intangible assets and goodwill, useful lives of acquired intangible assets and property and equipment, incremental borrowing rate for right-of-use assets and lease liability. These estimates are based on information available as of the date of the financial statements; therefore, actual results could differ materially from those estimates due to risks and uncertainties, including uncertainty in the ongoing semiconductor supply and logistic constraints.</span></div>
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CY2024Q2 us-gaap Product Warranty Accrual
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177179000 usd
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
180715000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
189087000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
131446000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
7763000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
12477000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
20285000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
44992000 usd
CY2024Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
4584000 usd
CY2023Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-1983000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-8052000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-8618000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
6615000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
6283000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
21114000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
20269000 usd
CY2024Q3 enph Product Warranty Accrual Accretion Expense
ProductWarrantyAccrualAccretionExpense
2649000 usd
CY2023Q3 enph Product Warranty Accrual Accretion Expense
ProductWarrantyAccrualAccretionExpense
3157000 usd
enph Product Warranty Accrual Accretion Expense
ProductWarrantyAccrualAccretionExpense
8244000 usd
enph Product Warranty Accrual Accretion Expense
ProductWarrantyAccrualAccretionExpense
10609000 usd
CY2024Q3 enph Standard Product Warranty Accrual Change In Discount Rate
StandardProductWarrantyAccrualChangeInDiscountRate
0 usd
CY2023Q3 enph Standard Product Warranty Accrual Change In Discount Rate
StandardProductWarrantyAccrualChangeInDiscountRate
2811000 usd
enph Standard Product Warranty Accrual Change In Discount Rate
StandardProductWarrantyAccrualChangeInDiscountRate
759000 usd
enph Standard Product Warranty Accrual Change In Discount Rate
StandardProductWarrantyAccrualChangeInDiscountRate
34608000 usd
CY2024Q3 enph Standard And Extended Product Warranty Accrual Other Period Increase Decrease
StandardAndExtendedProductWarrantyAccrualOtherPeriodIncreaseDecrease
-1328000 usd
CY2023Q3 enph Standard And Extended Product Warranty Accrual Other Period Increase Decrease
StandardAndExtendedProductWarrantyAccrualOtherPeriodIncreaseDecrease
-2028000 usd
enph Standard And Extended Product Warranty Accrual Other Period Increase Decrease
StandardAndExtendedProductWarrantyAccrualOtherPeriodIncreaseDecrease
-4977000 usd
enph Standard And Extended Product Warranty Accrual Other Period Increase Decrease
StandardAndExtendedProductWarrantyAccrualOtherPeriodIncreaseDecrease
-3902000 usd
CY2023Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
188866000 usd
CY2024Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
184232000 usd
CY2023Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
188866000 usd
CY2024Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
35755000 usd
CY2023Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
40750000 usd
CY2024Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
35755000 usd
CY2023Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
40750000 usd
CY2024Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
148477000 usd
CY2023Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
148116000 usd
CY2024Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
148477000 usd
CY2023Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
148116000 usd
CY2024Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
4600000 usd
CY2024Q3 enph Product Warranty Increase In Product Costs Number Of Countries
ProductWarrantyIncreaseInProductCostsNumberOfCountries
9 country
CY2023Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-2000000.0 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-8100000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-8600000 usd
CY2024Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
6000000 usd
us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
6000000 usd
enph Accreted Interest
AccretedInterest
2000000 usd
enph Warranty Obligations At Fair Value Increase In Fair Value Liability Resulting From One Percentage Point Increase In Profit Element And Risk Premium
WarrantyObligationsAtFairValueIncreaseInFairValueLiabilityResultingFromOnePercentagePointIncreaseInProfitElementAndRiskPremium
1100000 usd
enph Warranty Obligations At Fair Value Decrease In Fair Value Liability Resulting From One Percentage Point Decrease In Profit Element And Risk Premium
WarrantyObligationsAtFairValueDecreaseInFairValueLiabilityResultingFromOnePercentagePointDecreaseInProfitElementAndRiskPremium
1100000 usd
enph Warranty Obligations At Fair Value Decrease In Fair Value Resulting From One Percentage Point Increase In Discount Rate
WarrantyObligationsAtFairValueDecreaseInFairValueResultingFromOnePercentagePointIncreaseInDiscountRate
10800000 usd
enph Warranty Obligations At Fair Value Increase In Fair Value Resulting From One Percentage Point Decrease In Discount Rate
WarrantyObligationsAtFairValueIncreaseInFairValueResultingFromOnePercentagePointDecreaseInDiscountRate
12200000 usd
CY2024Q3 us-gaap Restructuring Charges
RestructuringCharges
677000 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
0 usd
us-gaap Restructuring Charges
RestructuringCharges
3755000 usd
us-gaap Restructuring Charges
RestructuringCharges
870000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
1300192000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1293738000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
99931000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1200261000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1293738000 usd
CY2024Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P12Y
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2845000 usd
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us-gaap Operating Lease Cost
OperatingLeaseCost
7707000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6320000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5220000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
25730000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
18802000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
32050000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
24022000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P6Y2M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y9M18D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.070
us-gaap Operating Lease Payments
OperatingLeasePayments
5619000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
5342000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12687000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5005000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2055000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7941000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7401000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4993000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3988000 usd
CY2024Q3 enph Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
13297000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
39675000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7625000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
32050000 usd
CY2024Q3 us-gaap Purchase Obligation
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141900000 usd
CY2024Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
434947 shares
CY2024Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
114.48
CY2024Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
49800000 usd
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1659578 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
115.51
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
191700000 usd
CY2023Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
846648 shares
CY2023Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
129.92
CY2023Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
110000000 usd
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
2101122 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
147.54
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
310000000 usd
us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
420957 shares
CY2023Q3 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
420957 shares
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
45940000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
43814000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
159530000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
157635000 usd
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
45940000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
43814000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
159530000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
157635000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
395400000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y8M12D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
692000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.01
us-gaap Stock Issued During Period Shares Stock Options Exercised
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677000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.77
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
81938000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
15000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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13.00
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P0Y8M12D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1489000 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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15000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
13.00
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P0Y8M12D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1489000 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
15000 shares
CY2024Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
13.00
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P0Y8M12D
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1489000 usd
CY2024Q3 us-gaap Share Price
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113.02
CY2024Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
15000 shares
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P0Y8M12D
CY2024Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
13.00
CY2024Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
15000 shares
CY2024Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
13.00
CY2024Q3 us-gaap Share Price
SharePrice
113.02
CY2024Q3 us-gaap Share Price
SharePrice
113.02
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5000000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23400000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50700000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
137300000 usd
us-gaap Income Tax Expense Benefit
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82900000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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500900000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
45762000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
113953000 usd
us-gaap Net Income Loss
NetIncomeLoss
40498000 usd
CY2024Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
618000 usd
CY2023Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
1655000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
4910000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
46380000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
115608000 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
40498000 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
422927000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135329000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136165000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135621000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136491000 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
456000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1307000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
528000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1907000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139914000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
143863000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136236000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145081000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.84
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.06
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.92
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13022000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
16759000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6050000 shares
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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