2024 Q3 Form 10-Q Financial Statement

#000003321324000032 Filed on July 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.284B $952.5M
YoY Change 8.24% -6.5%
Cost Of Revenue $440.8M $543.1M
YoY Change -20.54% -6.08%
Gross Profit $843.0M $409.4M
YoY Change 33.52% -7.06%
Gross Profit Margin 65.66% 42.99%
Selling, General & Admin $88.47M $67.21M
YoY Change 55.37% 11.71%
% of Gross Profit 10.5% 16.41%
Research & Development $282.0K $1.378M
YoY Change -36.91% 14.55%
% of Gross Profit 0.03% 0.34%
Depreciation & Amortization $589.3M $466.0M
YoY Change 31.87% 17.77%
% of Gross Profit 69.91% 113.81%
Operating Expenses $88.47M $67.21M
YoY Change 55.37% -85.71%
Operating Profit -$281.8M $2.971M
YoY Change -1883.01% -109.94%
Interest Expense -$120.1M -$36.12M
YoY Change -298.75% -5.52%
% of Operating Profit -1215.65%
Other Income/Expense, Net $3.960M $19.43M
YoY Change 2900.0% 3357.47%
Pretax Income -$402.3M -$34.98M
YoY Change 772.24% -55.54%
Income Tax -$104.9M -$44.22M
% Of Pretax Income
Net Earnings -$300.8M $9.517M
YoY Change -470.22% -114.28%
Net Earnings / Revenue -23.43% 1.0%
Basic Earnings Per Share -$0.54 $0.02
Diluted Earnings Per Share -$0.54 $0.02
COMMON SHARES
Basic Shares Outstanding 441.6M shares 441.6M shares
Diluted Shares Outstanding 559.6M shares 444.9M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $88.98M $29.97M
YoY Change 37.42% -97.53%
Cash & Equivalents $88.98M $29.97M
Short-Term Investments
Other Short-Term Assets $322.9M $523.2M
YoY Change -48.18% -28.81%
Inventory
Prepaid Expenses
Receivables $577.6M $587.0M
Other Receivables $92.79M $89.69M
Total Short-Term Assets $1.082B $1.230B
YoY Change -13.22% -49.3%
LONG-TERM ASSETS
Property, Plant & Equipment $32.55B $23.18B
YoY Change 41.99% 26.48%
Goodwill $2.178B
YoY Change
Intangibles $268.3M
YoY Change
Long-Term Investments $3.358B
YoY Change
Other Assets $511.9M $300.4M
YoY Change 32.72% -42.72%
Total Long-Term Assets $38.86B $23.48B
YoY Change 66.74% 24.56%
TOTAL ASSETS
Total Short-Term Assets $1.082B $1.230B
Total Long-Term Assets $38.86B $23.48B
Total Assets $39.95B $24.71B
YoY Change 62.68% 16.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.042B $1.198B
YoY Change -10.12% 14.13%
Accrued Expenses $190.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $400.2M $6.388M
YoY Change -3.48% -98.46%
Total Short-Term Liabilities $2.114B $1.686B
YoY Change -0.24% -22.78%
LONG-TERM LIABILITIES
Long-Term Debt $13.39B $4.945B
YoY Change 143.46% 16.15%
Other Long-Term Liabilities $1.204B $1.068B
YoY Change 23.6% 17.36%
Total Long-Term Liabilities $14.60B $6.014B
YoY Change 125.43% 16.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.114B $1.686B
Total Long-Term Liabilities $14.60B $6.014B
Total Liabilities $19.46B $9.582B
YoY Change 88.08% 3.39%
SHAREHOLDERS EQUITY
Retained Earnings $2.261B $2.656B
YoY Change 0.69% 19.76%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.33B $15.12B
YoY Change
Total Liabilities & Shareholders Equity $39.95B $24.71B
YoY Change 62.68% 16.14%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$300.8M $9.517M
YoY Change -470.22% -114.28%
Depreciation, Depletion And Amortization $589.3M $466.0M
YoY Change 31.87% 17.77%
Cash From Operating Activities $593.0M $322.0M
YoY Change 30.45% -26.32%
INVESTING ACTIVITIES
Capital Expenditures $569.5M $558.2M
YoY Change 12.97% 14.61%
Acquisitions
YoY Change
Other Investing Activities -$713.6M $246.1M
YoY Change -68.78% 16241.63%
Cash From Investing Activities -$1.283B -$312.1M
YoY Change -54.01% -35.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 749.1M -628.1M
YoY Change -36.78% -27.26%
NET CHANGE
Cash From Operating Activities 593.0M 322.0M
Cash From Investing Activities -1.283B -312.1M
Cash From Financing Activities 749.1M -628.1M
Net Change In Cash 59.01M -618.1M
YoY Change -105.13% -32.21%
FREE CASH FLOW
Cash From Operating Activities $593.0M $322.0M
Capital Expenditures $569.5M $558.2M
Free Cash Flow $23.51M -$236.1M
YoY Change -147.48% 373.21%

Facts In Submission

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Files In Submission

Name View Source Status
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eqt-20240630.htm Edgar Link pending
eqt-20240630.xsd Edgar Link pending
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exhibit1003bimage.jpg Edgar Link pending
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