2024 Q2 Form 10-Q Financial Statement

#000162828024020092 Filed on May 03, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q4
Revenue $4.227B $3.734B $3.820B
YoY Change 7.31% -0.48% 2.96%
Cost Of Revenue $4.049B $3.635B $3.754B
YoY Change 8.23% -4.09% 4.95%
Gross Profit $178.0M $99.00M $66.00M
YoY Change -10.1% -360.53% -50.38%
Gross Profit Margin 4.21% 2.65% 1.73%
Selling, General & Admin $50.00M $59.00M $55.00M
YoY Change -16.67% -4.84% -39.56%
% of Gross Profit 28.09% 59.6% 83.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.00M $18.00M $17.00M
YoY Change -15.79% 0.0% -5.56%
% of Gross Profit 8.99% 18.18% 25.76%
Operating Expenses $50.00M $59.00M $55.00M
YoY Change -16.67% -4.84% -39.56%
Operating Profit $176.0M $52.00M $11.00M
YoY Change 27.54% -136.88% -73.81%
Interest Expense $11.00M $13.00M $13.00M
YoY Change -257.14% -18.75% 160.0%
% of Operating Profit 6.25% 25.0% 118.18%
Other Income/Expense, Net
YoY Change
Pretax Income $214.0M $91.00M $24.00M
YoY Change 63.36% -191.0% -52.0%
Income Tax $61.00M $51.00M $64.00M
% Of Pretax Income 28.5% 56.04% 266.67%
Net Earnings $169.0M $59.00M -$22.00M
YoY Change 231.37% -155.14% 2100.0%
Net Earnings / Revenue 4.0% 1.58% -0.58%
Basic Earnings Per Share $0.99 $0.35
Diluted Earnings Per Share $0.97 $0.34 -$0.13
COMMON SHARES
Basic Shares Outstanding 171.2M shares 170.4M shares 170.4M shares
Diluted Shares Outstanding 174.0M shares 173.0M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.708B $2.409B $2.588B
YoY Change 16.62% 4.24% -1.37%
Cash & Equivalents $2.629B $2.335B $2.519B
Short-Term Investments $79.00M $74.00M $69.00M
Other Short-Term Assets $312.0M $401.0M $347.0M
YoY Change -13.57% 6.93% -12.37%
Inventory
Prepaid Expenses
Receivables $1.997B $2.101B $2.128B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.017B $4.911B $5.063B
YoY Change 2.85% 1.53% 0.38%
LONG-TERM ASSETS
Property, Plant & Equipment $467.0M $438.0M $458.0M
YoY Change 6.38% 0.92% 2.46%
Goodwill $206.0M $206.0M $206.0M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $614.0M $632.0M $614.0M
YoY Change -7.95% 3.27% 5.14%
Other Assets $262.0M $269.0M $340.0M
YoY Change -53.71% -4.27% 22.3%
Total Long-Term Assets $1.794B $1.789B $1.910B
YoY Change -4.47% -0.22% 7.12%
TOTAL ASSETS
Total Short-Term Assets $5.017B $4.911B $5.063B
Total Long-Term Assets $1.794B $1.789B $1.910B
Total Assets $6.811B $6.700B $6.973B
YoY Change 0.81% 1.06% 2.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.112B $1.248B $1.214B
YoY Change -3.72% 16.85% 19.37%
Accrued Expenses $1.029B $1.047B $1.310B
YoY Change -23.15% -20.5% 0.38%
Deferred Revenue $696.0M $652.0M $639.0M
YoY Change 2.5% -14.77% -13.88%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $2.837B $2.947B $3.163B
YoY Change -11.07% -6.92% -1.65%
LONG-TERM LIABILITIES
Long-Term Debt $1.136B $1.149B $1.158B
YoY Change 16.04% 17.48% 18.4%
Other Long-Term Liabilities $496.0M $488.0M $530.0M
YoY Change -7.46% -1.41% -4.85%
Total Long-Term Liabilities $1.136B $1.149B $1.158B
YoY Change -25.02% 17.48% 18.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.837B $2.947B $3.163B
Total Long-Term Liabilities $1.136B $1.149B $1.158B
Total Liabilities $3.973B $4.096B $4.321B
YoY Change -19.88% -1.16% 3.03%
SHAREHOLDERS EQUITY
Retained Earnings $1.207B $1.038B $979.0M
YoY Change 45.25% 33.08% 9.26%
Common Stock $1.264B $1.232B $1.230B
YoY Change -0.32% -2.07% -1.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.142B $1.951B $1.940B
YoY Change
Total Liabilities & Shareholders Equity $6.811B $6.700B $6.973B
YoY Change 0.81% 1.06% 2.14%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $169.0M $59.00M -$22.00M
YoY Change 231.37% -155.14% 2100.0%
Depreciation, Depletion And Amortization $16.00M $18.00M $17.00M
YoY Change -15.79% 0.0% -5.56%
Cash From Operating Activities $282.0M -$111.0M $308.0M
YoY Change 354.84% -31.06% 569.57%
INVESTING ACTIVITIES
Capital Expenditures $48.00M $34.00M $40.00M
YoY Change 118.18% 70.0% 8.11%
Acquisitions
YoY Change
Other Investing Activities $32.00M $0.00 -$191.0M
YoY Change -71.43% -100.0% -930.43%
Cash From Investing Activities -$16.00M -$22.00M -$231.0M
YoY Change -117.78% -269.23% 1550.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 32.00M -$26.00M -4.000M
YoY Change -188.89% -83.85% -93.65%
NET CHANGE
Cash From Operating Activities 282.0M -$111.0M 308.0M
Cash From Investing Activities -16.00M -$22.00M -231.0M
Cash From Financing Activities 32.00M -$26.00M -4.000M
Net Change In Cash 298.0M -$184.0M 73.00M
YoY Change 156.9% -39.07% -335.48%
FREE CASH FLOW
Cash From Operating Activities $282.0M -$111.0M $308.0M
Capital Expenditures $48.00M $34.00M $40.00M
Free Cash Flow $234.0M -$145.0M $268.0M
YoY Change 485.0% -19.89% 2877.78%

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