2023 Q3 Form 10-Q Financial Statement

#000086145923000016 Filed on July 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $1.117B $898.6M
YoY Change 10.6% 16.96%
Cost Of Revenue $950.2M $795.5M
YoY Change 6.83% 15.32%
Gross Profit $166.6M $103.1M
YoY Change 38.45% 31.35%
Gross Profit Margin 14.92% 11.47%
Selling, General & Admin $74.79M $64.56M
YoY Change 21.04% 21.45%
% of Gross Profit 44.88% 62.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.80M $21.80M
YoY Change -19.01% 39.79%
% of Gross Profit 14.28% 21.14%
Operating Expenses $74.79M $78.17M
YoY Change 21.04% 47.04%
Operating Profit $73.82M $24.92M
YoY Change 23.01% 350.89%
Interest Expense $4.877M $6.145M
YoY Change 93.61% 57.73%
% of Operating Profit 6.61% 24.66%
Other Income/Expense, Net $6.101M $1.225M
YoY Change 118.75% -120.66%
Pretax Income $79.92M -$14.82M
YoY Change 27.26% 3568.81%
Income Tax $22.42M $9.024M
% Of Pretax Income 28.06%
Net Earnings $57.62M -$17.00M
YoY Change -21.49% -199.12%
Net Earnings / Revenue 5.16% -1.89%
Basic Earnings Per Share $1.31 -$0.39
Diluted Earnings Per Share $1.13 -$0.39
COMMON SHARES
Basic Shares Outstanding 43.92M shares 43.88M
Diluted Shares Outstanding 53.61M shares 43.89M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $530.1M $427.5M
YoY Change 10.03% 5.03%
Cash & Equivalents $292.1M $214.4M
Short-Term Investments $237.9M $213.1M
Other Short-Term Assets $47.48M $46.38M
YoY Change -69.8% -72.29%
Inventory $92.13M $92.15M
Prepaid Expenses
Receivables $1.025B $925.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.695B $1.491B
YoY Change 7.3% -6.41%
LONG-TERM ASSETS
Property, Plant & Equipment $569.7M $617.6M
YoY Change 13.76% 32.93%
Goodwill $74.26M $78.60M
YoY Change 0.76% 46.33%
Intangibles
YoY Change
Long-Term Investments $91.10M $98.19M
YoY Change 15.81% 323.16%
Other Assets $58.52M $91.01M
YoY Change 0.43% 42.19%
Total Long-Term Assets $885.3M $885.4M
YoY Change 6.88% 26.84%
TOTAL ASSETS
Total Short-Term Assets $1.695B $1.491B
Total Long-Term Assets $885.3M $885.4M
Total Assets $2.580B $2.377B
YoY Change 7.16% 3.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $477.0M $382.5M
YoY Change 19.77% 15.29%
Accrued Expenses $356.0M $310.0M
YoY Change -20.93% -28.74%
Deferred Revenue $222.0M $173.3M
YoY Change 16.2% -3.36%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.475M $1.466M
YoY Change 2.57% 2.59%
Total Short-Term Liabilities $1.056B $867.2M
YoY Change 1.49% -12.77%
LONG-TERM LIABILITIES
Long-Term Debt $403.8M $458.7M
YoY Change 40.75% 59.93%
Other Long-Term Liabilities $67.47M $104.6M
YoY Change -27.73% 12.45%
Total Long-Term Liabilities $471.3M $563.3M
YoY Change 64.27% 96.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.056B $867.2M
Total Long-Term Liabilities $471.3M $563.3M
Total Liabilities $1.528B $1.475B
YoY Change 15.05% 15.14%
SHAREHOLDERS EQUITY
Retained Earnings $481.6M $429.8M
YoY Change 0.03% 3.83%
Common Stock $472.8M $471.0M
YoY Change 0.79% 0.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $955.3M $901.5M
YoY Change
Total Liabilities & Shareholders Equity $2.580B $2.377B
YoY Change 7.16% 3.72%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $57.62M -$17.00M
YoY Change -21.49% -199.12%
Depreciation, Depletion And Amortization $23.80M $21.80M
YoY Change -19.01% 39.79%
Cash From Operating Activities $153.1M -$42.26M
YoY Change 72.71% -20.41%
INVESTING ACTIVITIES
Capital Expenditures $29.30M $39.23M
YoY Change -219.41% -193.52%
Acquisitions
YoY Change
Other Investing Activities $4.400M -$814.0K
YoY Change -45.64% -95.25%
Cash From Investing Activities -$24.90M -$40.04M
YoY Change 51.43% -32.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -50.60M 97.00M
YoY Change 6566.67% -230.81%
NET CHANGE
Cash From Operating Activities 153.1M -42.26M
Cash From Investing Activities -24.90M -40.04M
Cash From Financing Activities -50.60M 97.00M
Net Change In Cash 77.60M 14.70M
YoY Change 8.62% -107.89%
FREE CASH FLOW
Cash From Operating Activities $153.1M -$42.26M
Capital Expenditures $29.30M $39.23M
Free Cash Flow $123.8M -$81.49M
YoY Change 9.38% 630.77%

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