2023 Q3 Form 10-Q Financial Statement

#000162828023027363 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $3.963B $3.939B $3.299B
YoY Change 9.72% 19.4% -10.45%
Cost Of Revenue $3.712B $3.741B $3.184B
YoY Change 2.34% 17.49% -11.46%
Gross Profit $251.0M $198.0M $115.0M
YoY Change -1773.33% 72.17% 30.68%
Gross Profit Margin 6.33% 5.03% 3.49%
Selling, General & Admin $56.00M $60.00M $45.00M
YoY Change 86.67% 33.33% 36.36%
% of Gross Profit 22.31% 30.3% 39.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.00M $19.00M $20.00M
YoY Change 0.0% -5.0% 6.41%
% of Gross Profit 7.97% 9.6% 17.39%
Operating Expenses $56.00M $60.00M $45.00M
YoY Change 86.67% 33.33% 36.36%
Operating Profit $218.0M $138.0M $106.0M
YoY Change -2081.82% 30.19% -239.47%
Interest Expense $14.00M -$7.000M $13.00M
YoY Change 0.0% -153.85% -23.53%
% of Operating Profit 6.42% -5.07% 12.26%
Other Income/Expense, Net
YoY Change
Pretax Income $260.0M $131.0M $105.0M
YoY Change 8566.67% 24.76% -219.32%
Income Tax $79.00M $63.00M $32.00M
% Of Pretax Income 30.38% 48.09% 30.48%
Net Earnings $206.0M $51.00M $66.00M
YoY Change 836.36% -22.73% -157.39%
Net Earnings / Revenue 5.2% 1.29% 2.0%
Basic Earnings Per Share $1.18 $0.36 $0.40
Diluted Earnings Per Share $1.15 $0.30 $383.7K
COMMON SHARES
Basic Shares Outstanding 143.4M shares 143.2M shares 142.0M shares
Diluted Shares Outstanding 147.0M shares 172.0M shares 172.0M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.485B $2.322B $2.194B
YoY Change -4.09% 5.83% -20.01%
Cash & Equivalents $2.421B $2.262B $2.074B
Short-Term Investments $64.00M $60.00M $120.0M
Other Short-Term Assets $338.0M $361.0M $408.0M
YoY Change -11.29% -11.52% 1.91%
Inventory
Prepaid Expenses
Receivables $2.237B $2.195B $2.040B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.060B $4.878B $4.642B
YoY Change 1.38% 5.08% -21.67%
LONG-TERM ASSETS
Property, Plant & Equipment $443.0M $439.0M $478.0M
YoY Change -3.7% -8.16% 6.59%
Goodwill $206.0M $206.0M $248.0M
YoY Change -15.57% -16.94% 19.81%
Intangibles
YoY Change
Long-Term Investments $865.0M $667.0M $560.0M
YoY Change 41.34% 19.11% -6.29%
Other Assets $314.0M $566.0M $302.0M
YoY Change 9.03% 87.42% 16.8%
Total Long-Term Assets $2.103B $1.878B $1.883B
YoY Change 11.92% -0.27% -2.45%
TOTAL ASSETS
Total Short-Term Assets $5.060B $4.878B $4.642B
Total Long-Term Assets $2.103B $1.878B $1.883B
Total Assets $7.163B $6.756B $6.525B
YoY Change 4.26% 3.54% -16.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.197B $1.155B $1.020B
YoY Change 11.76% 13.24% -6.2%
Accrued Expenses $1.264B $1.339B $1.206B
YoY Change 4.98% 11.03% 31.0%
Deferred Revenue $661.0M $679.0M $719.0M
YoY Change -14.04% -5.56% -37.45%
Short-Term Debt $18.00M $0.00 $181.0M
YoY Change -89.22% -100.0% 3720.18%
Long-Term Debt Due $18.00M $17.00M $181.0M
YoY Change -89.22% -90.61% 3720.18%
Total Short-Term Liabilities $3.140B $3.190B $3.126B
YoY Change -2.21% 2.05% -16.31%
LONG-TERM LIABILITIES
Long-Term Debt $1.425B $979.0M $980.0M
YoY Change 45.41% -0.1% -41.62%
Other Long-Term Liabilities $503.0M $536.0M $663.0M
YoY Change -27.42% -19.16% 14.43%
Total Long-Term Liabilities $1.425B $1.515B $980.0M
YoY Change 45.41% 54.59% -41.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.140B $3.190B $3.126B
Total Long-Term Liabilities $1.425B $1.515B $980.0M
Total Liabilities $4.565B $4.959B $4.106B
YoY Change 8.92% 20.77% -24.16%
SHAREHOLDERS EQUITY
Retained Earnings $1.000B $831.0M $885.0M
YoY Change 11.36% -6.1% -15.58%
Common Stock $1.214B $1.268B $984.0M
YoY Change 7.43% 28.86% 11.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.883B $1.797B $1.514B
YoY Change
Total Liabilities & Shareholders Equity $7.163B $6.756B $6.525B
YoY Change 4.26% 3.54% -16.95%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $206.0M $51.00M $66.00M
YoY Change 836.36% -22.73% -157.39%
Depreciation, Depletion And Amortization $20.00M $19.00M $20.00M
YoY Change 0.0% -5.0% 6.41%
Cash From Operating Activities $3.000M $62.00M $55.00M
YoY Change -97.46% 12.73% -28.31%
INVESTING ACTIVITIES
Capital Expenditures $29.00M $22.00M -$13.00M
YoY Change -293.33% -269.23% -19.63%
Acquisitions
YoY Change
Other Investing Activities -$120.0M $112.0M $195.0M
YoY Change -4.76% -42.56% 141.82%
Cash From Investing Activities -$149.0M $90.00M $182.0M
YoY Change 5.67% -50.55% 182.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 328.0M -36.00M -38.00M
YoY Change -24.07% -5.26% -106.06%
NET CHANGE
Cash From Operating Activities 3.000M 62.00M 55.00M
Cash From Investing Activities -149.0M 90.00M 182.0M
Cash From Financing Activities 328.0M -36.00M -38.00M
Net Change In Cash 182.0M 116.0M 199.0M
YoY Change -55.5% -41.71% -74.09%
FREE CASH FLOW
Cash From Operating Activities $3.000M $62.00M $55.00M
Capital Expenditures $29.00M $22.00M -$13.00M
Free Cash Flow -$26.00M $40.00M $68.00M
YoY Change -119.55% -41.18% -26.8%

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