2024 Q2 Form 10-Q Financial Statement

#000095017024089017 Filed on August 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q2
Revenue $4.570B
YoY Change -6.1%
Cost Of Revenue $3.622B
YoY Change -12.15%
Gross Profit $948.0M
YoY Change 27.42%
Gross Profit Margin 20.74%
Selling, General & Admin $731.0M
YoY Change 3.25%
% of Gross Profit 77.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $262.0M
YoY Change 2.75%
% of Gross Profit 27.64%
Operating Expenses $731.0M
YoY Change -7.7%
Operating Profit $217.0M
YoY Change -552.08%
Interest Expense $130.0M
YoY Change -187.25%
% of Operating Profit 59.91%
Other Income/Expense, Net $72.00M
YoY Change -300.0%
Pretax Income $140.0M
YoY Change -166.67%
Income Tax $60.00M
% Of Pretax Income 42.86%
Net Earnings $85.00M
YoY Change -140.87%
Net Earnings / Revenue 1.86%
Basic Earnings Per Share $0.30
Diluted Earnings Per Share $0.30
COMMON SHARES
Basic Shares Outstanding 284.7M
Diluted Shares Outstanding 288.0M

Balance Sheet

Concept 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $789.0M
YoY Change -24.79%
Cash & Equivalents $789.0M
Short-Term Investments
Other Short-Term Assets $324.0M
YoY Change -22.12%
Inventory $4.048B
Prepaid Expenses
Receivables $3.043B
Other Receivables $0.00
Total Short-Term Assets $8.204B
YoY Change -7.38%
LONG-TERM ASSETS
Property, Plant & Equipment $9.353B
YoY Change 0.82%
Goodwill $779.0M
YoY Change -23.48%
Intangibles $947.0M
YoY Change -3.66%
Long-Term Investments
YoY Change
Other Assets $1.108B
YoY Change -58.63%
Total Long-Term Assets $13.82B
YoY Change -0.97%
TOTAL ASSETS
Total Short-Term Assets $8.204B
Total Long-Term Assets $13.82B
Total Assets $22.03B
YoY Change -3.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.181B
YoY Change -4.13%
Accrued Expenses $855.0M
YoY Change 5.04%
Deferred Revenue $19.00M
YoY Change 11.76%
Short-Term Debt $462.0M
YoY Change -14.29%
Long-Term Debt Due $1.182B
YoY Change 384.43%
Total Short-Term Liabilities $7.709B
YoY Change 11.08%
LONG-TERM LIABILITIES
Long-Term Debt $6.832B
YoY Change -14.89%
Other Long-Term Liabilities $812.0M
YoY Change -66.98%
Total Long-Term Liabilities $812.0M
YoY Change -92.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.709B
Total Long-Term Liabilities $812.0M
Total Liabilities $17.17B
YoY Change -3.04%
SHAREHOLDERS EQUITY
Retained Earnings $5.114B
YoY Change -6.44%
Common Stock $3.146B
YoY Change 0.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.703B
YoY Change
Total Liabilities & Shareholders Equity $22.03B
YoY Change -3.46%

Cashflow Statement

Concept 2024 Q2
OPERATING ACTIVITIES
Net Income $85.00M
YoY Change -140.87%
Depreciation, Depletion And Amortization $262.0M
YoY Change 2.75%
Cash From Operating Activities -$67.00M
YoY Change -119.65%
INVESTING ACTIVITIES
Capital Expenditures $316.0M
YoY Change 28.98%
Acquisitions
YoY Change
Other Investing Activities $59.00M
YoY Change 5.36%
Cash From Investing Activities -$257.0M
YoY Change 35.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 235.0M
YoY Change -218.09%
NET CHANGE
Cash From Operating Activities -67.00M
Cash From Investing Activities -257.0M
Cash From Financing Activities 235.0M
Net Change In Cash -89.00M
YoY Change 89.36%
FREE CASH FLOW
Cash From Operating Activities -$67.00M
Capital Expenditures $316.0M
Free Cash Flow -$383.0M
YoY Change -498.96%

Facts In Submission

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<p style="font-size:10pt;margin-top:5pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;text-decoration:underline;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Reclassifications and Adjustments</span></p><p style="font-size:10pt;margin-top:5pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Certain</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> items previously reported in specific financial statement captions have been reclassified to conform to the current presentation.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
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us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
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us-gaap Defined Contribution Plan Cost Recognized
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us-gaap Defined Contribution Plan Cost Recognized
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32000000
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CY2023Q2 us-gaap Allocated Share Based Compensation Expense
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2024Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2024Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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