2024 Q3 Form 10-Q Financial Statement

#000007274124000018 Filed on August 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $3.063B $2.534B
YoY Change 9.73% -3.65%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $610.1M $240.4M
YoY Change 228.89% -24.87%
% of Gross Profit
Operating Expenses $2.451B $1.931B
YoY Change 8.4% -6.65%
Operating Profit $612.4M $602.5M
YoY Change 15.42% 7.45%
Interest Expense $300.6M $271.3M
YoY Change 35.22% -230.86%
% of Operating Profit 49.09% 45.03%
Other Income/Expense, Net $112.6M $115.3M
YoY Change 42.35% 21.53%
Pretax Income -$39.64M $446.5M
YoY Change -110.23% 845.42%
Income Tax $76.54M $109.2M
% Of Pretax Income 24.47%
Net Earnings -$116.2M $337.2M
YoY Change -134.02% 2086.62%
Net Earnings / Revenue -3.79% 13.31%
Basic Earnings Per Share -$0.33 $0.95
Diluted Earnings Per Share -$0.33 $0.95
COMMON SHARES
Basic Shares Outstanding 357.4M shares 352.3M shares
Diluted Shares Outstanding 359.8M shares 353.4M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $97.89M $33.38M
YoY Change 23.91% -20.86%
Cash & Equivalents $97.89M $132.6M
Short-Term Investments
Other Short-Term Assets $414.2M $365.2M
YoY Change 10.61% -3.39%
Inventory $564.2M $532.4M
Prepaid Expenses
Receivables $1.563B $1.473B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.833B $4.673B
YoY Change 20.55% 25.56%
LONG-TERM ASSETS
Property, Plant & Equipment $41.91B $41.13B
YoY Change 8.81% 9.44%
Goodwill $4.527B $4.532B
YoY Change -0.08% 0.21%
Intangibles
YoY Change
Long-Term Investments $166.4M $949.0M
YoY Change -93.89% -57.39%
Other Assets $645.4M $643.8M
YoY Change 8.06% 9.45%
Total Long-Term Assets $53.74B $53.68B
YoY Change 2.79% 5.63%
TOTAL ASSETS
Total Short-Term Assets $4.833B $4.673B
Total Long-Term Assets $53.74B $53.68B
Total Assets $58.57B $58.35B
YoY Change 4.05% 6.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.562B $1.759B
YoY Change -4.87% 13.5%
Accrued Expenses $308.1M $327.8M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $759.5M $1.402B
YoY Change -50.36% 152.3%
Long-Term Debt Due $1.442B $1.328B
YoY Change -30.38% -35.6%
Total Short-Term Liabilities $5.620B $6.253B
YoY Change -21.07% 7.91%
LONG-TERM LIABILITIES
Long-Term Debt $25.97B $25.84B
YoY Change 17.59% 18.67%
Other Long-Term Liabilities $1.367B $966.6M
YoY Change 50.45% 6.54%
Total Long-Term Liabilities $27.34B $26.80B
YoY Change 18.88% 18.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.620B $6.253B
Total Long-Term Liabilities $27.34B $26.80B
Total Liabilities $32.96B $33.06B
YoY Change 9.44% 16.09%
SHAREHOLDERS EQUITY
Retained Earnings $4.119B $4.497B
YoY Change -27.32% -19.16%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.04B $14.82B
YoY Change
Total Liabilities & Shareholders Equity $58.57B $58.35B
YoY Change 4.05% 6.99%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$116.2M $337.2M
YoY Change -134.02% 2086.62%
Depreciation, Depletion And Amortization $610.1M $240.4M
YoY Change 228.89% -24.87%
Cash From Operating Activities $555.6M $670.7M
YoY Change 6.45% 16.02%
INVESTING ACTIVITIES
Capital Expenditures $1.071B $1.071B
YoY Change -1.4% 0.86%
Acquisitions
YoY Change
Other Investing Activities $678.5M -$412.7M
YoY Change -242.77% 45.43%
Cash From Investing Activities -$392.5M -$1.484B
YoY Change -74.86% 10.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -92.94M 585.7M
YoY Change -108.92% -25.23%
NET CHANGE
Cash From Operating Activities 555.6M 670.7M
Cash From Investing Activities -392.5M -1.484B
Cash From Financing Activities -92.94M 585.7M
Net Change In Cash 70.17M -227.8M
YoY Change 2238.93% -1595.98%
FREE CASH FLOW
Cash From Operating Activities $555.6M $670.7M
Capital Expenditures $1.071B $1.071B
Free Cash Flow -$515.4M -$400.8M
YoY Change -8.66% -17.24%

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CY2024Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2024Q2 us-gaap Revenue Not From Contract With Customer
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us-gaap Revenue Not From Contract With Customer
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