2024 Q3 Form 10-Q Financial Statement

#000088356924000067 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $287.8M $260.0M
YoY Change -10.61% -20.01%
Cost Of Revenue $145.6M $123.1M
YoY Change -11.93% -25.06%
Gross Profit $142.2M $136.9M
YoY Change -9.21% -14.85%
Gross Profit Margin 49.42% 52.64%
Selling, General & Admin $160.9M $153.6M
YoY Change -14.07% -19.53%
% of Gross Profit 113.1% 112.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.834M $3.932M
YoY Change -20.13% -22.42%
% of Gross Profit 2.7% 2.87%
Operating Expenses $166.7M $170.9M
YoY Change -13.17% -13.72%
Operating Profit -$24.46M -$34.00M
YoY Change -30.73% -8.86%
Interest Expense -$4.922M -$4.082M
YoY Change -192.09% -181.57%
% of Operating Profit
Other Income/Expense, Net $3.617M $1.450M
YoY Change -49.57% -46.94%
Pretax Income -$25.77M -$36.64M
YoY Change -23.06% -7.44%
Income Tax $6.165M $2.208M
% Of Pretax Income
Net Earnings -$31.93M -$38.84M
YoY Change 21.46% -5.68%
Net Earnings / Revenue -11.09% -14.94%
Basic Earnings Per Share -$0.60 -$0.73
Diluted Earnings Per Share -$0.60 -$0.73
COMMON SHARES
Basic Shares Outstanding 53.13M shares 52.93M shares
Diluted Shares Outstanding 53.17M shares 52.93M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $106.3M $104.9M
YoY Change -19.53% -17.47%
Cash & Equivalents $106.3M $104.9M
Short-Term Investments
Other Short-Term Assets $69.46M $102.3M
YoY Change -61.16% -40.5%
Inventory $226.4M $202.1M
Prepaid Expenses
Receivables $173.7M $133.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $575.9M $542.4M
YoY Change -27.8% -32.58%
LONG-TERM ASSETS
Property, Plant & Equipment $180.7M $187.4M
YoY Change -18.16% -16.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $45.16M $45.02M
YoY Change 4.28% 2.2%
Total Long-Term Assets $236.6M $243.3M
YoY Change -14.23% -13.58%
TOTAL ASSETS
Total Short-Term Assets $575.9M $542.4M
Total Long-Term Assets $236.6M $243.3M
Total Assets $812.4M $785.7M
YoY Change -24.31% -27.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $159.0M $132.5M
YoY Change 13.7% 10.33%
Accrued Expenses $146.7M $136.9M
YoY Change -15.9% -20.58%
Deferred Revenue $24.82M $24.78M
YoY Change -13.12% -23.94%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.254M $2.556M
YoY Change 405.38% 454.45%
Total Short-Term Liabilities $317.5M $279.7M
YoY Change -1.25% -8.35%
LONG-TERM LIABILITIES
Long-Term Debt $173.4M $156.5M
YoY Change -28.63% -33.27%
Other Long-Term Liabilities $18.38M $16.86M
YoY Change 17.65% 10.61%
Total Long-Term Liabilities $333.0M $318.9M
YoY Change -19.75% -23.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $317.5M $279.7M
Total Long-Term Liabilities $333.0M $318.9M
Total Liabilities $650.5M $598.6M
YoY Change -11.67% -16.83%
SHAREHOLDERS EQUITY
Retained Earnings -$76.71M -$44.68M
YoY Change -171.22% -133.28%
Common Stock $314.7M $314.1M
YoY Change 1.74% 1.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $164.4M $189.6M
YoY Change
Total Liabilities & Shareholders Equity $812.4M $785.7M
YoY Change -24.31% -27.65%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$31.93M -$38.84M
YoY Change 21.46% -5.68%
Depreciation, Depletion And Amortization $3.834M $3.932M
YoY Change -20.13% -22.42%
Cash From Operating Activities -$22.81M $38.36M
YoY Change -910.77% -144.68%
INVESTING ACTIVITIES
Capital Expenditures $1.301M $1.745M
YoY Change -33.59% -33.14%
Acquisitions
YoY Change
Other Investing Activities $8.535M -$13.00K
YoY Change -12838.81% -88.07%
Cash From Investing Activities $7.234M -$1.758M
YoY Change -457.06% -35.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 15.67M -44.77M
YoY Change 129.09% -371.98%
NET CHANGE
Cash From Operating Activities -22.81M 38.36M
Cash From Investing Activities 7.234M -1.758M
Cash From Financing Activities 15.67M -44.77M
Net Change In Cash 89.00K -8.167M
YoY Change -98.83% -88.63%
FREE CASH FLOW
Cash From Operating Activities -$22.81M $38.36M
Capital Expenditures $1.301M $1.745M
Free Cash Flow -$24.12M $36.62M
YoY Change -2920.58% -141.39%

Facts In Submission

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us-gaap Effective Income Tax Rate Continuing Operations
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CY2024Q2 fosl Total Intangibles And Other Assets
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CY2024Q2 fosl Intangible And Other Assets Accumulated Amortization
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CY2024Q2 us-gaap Amortization Of Intangible Assets
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CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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726000 usd
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CY2024Q2 fosl Finite Lived Intangible Asset Expected Amortization After Year Four
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CY2024Q2 fosl Lessee Operating Lease Number Of Renewals
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CY2023Q3 us-gaap Operating Lease Cost
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CY2024Q2 ecd Rule10b51 Arr Adopted Flag
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false

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