2024 Q3 Form 10-Q Financial Statement

#000086145924000035 Filed on August 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.276B $1.082B
YoY Change 14.21% 20.47%
Cost Of Revenue $1.073B $917.8M
YoY Change 12.88% 15.38%
Gross Profit $202.9M $164.7M
YoY Change 21.79% 59.78%
Gross Profit Margin 15.91% 15.22%
Selling, General & Admin $91.65M $70.05M
YoY Change 22.54% 8.5%
% of Gross Profit 45.16% 42.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.82M $29.40M
YoY Change 42.08% 34.89%
% of Gross Profit 16.66% 17.85%
Operating Expenses $91.65M $70.05M
YoY Change 22.54% -10.39%
Operating Profit $104.3M $85.82M
YoY Change 41.29% 244.44%
Interest Expense $4.002M $5.337M
YoY Change -17.94% -13.15%
% of Operating Profit 3.84% 6.22%
Other Income/Expense, Net $5.148M -$26.27M
YoY Change -15.62% -2244.57%
Pretax Income $109.4M $59.55M
YoY Change 36.95% -501.77%
Income Tax $25.47M $20.69M
% Of Pretax Income 23.27% 34.75%
Net Earnings $78.95M $36.90M
YoY Change 37.01% -317.03%
Net Earnings / Revenue 6.19% 3.41%
Basic Earnings Per Share $1.81 $0.84
Diluted Earnings Per Share $1.57 $0.76
COMMON SHARES
Basic Shares Outstanding 43.69M shares 44.15M shares
Diluted Shares Outstanding 52.37M shares 52.73M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $616.5M $534.3M
YoY Change 16.3% 24.98%
Cash & Equivalents $462.3M $366.7M
Short-Term Investments $154.2M $167.6M
Other Short-Term Assets $34.93M $34.17M
YoY Change -26.43% -26.32%
Inventory $108.0M $119.1M
Prepaid Expenses
Receivables $1.055B $1.019B
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.814B $1.706B
YoY Change 7.02% 14.42%
LONG-TERM ASSETS
Property, Plant & Equipment $719.7M $670.9M
YoY Change 26.32% 8.63%
Goodwill $211.6M $146.8M
YoY Change 184.96% 86.72%
Intangibles $131.6M $107.6M
YoY Change
Long-Term Investments $94.92M $93.50M
YoY Change 4.19% -4.77%
Other Assets $67.73M $58.12M
YoY Change 15.75% -36.14%
Total Long-Term Assets $1.317B $1.175B
YoY Change 48.75% 32.73%
TOTAL ASSETS
Total Short-Term Assets $1.814B $1.706B
Total Long-Term Assets $1.317B $1.175B
Total Assets $3.131B $2.881B
YoY Change 21.34% 21.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $510.0M $450.7M
YoY Change 6.91% 17.83%
Accrued Expenses $361.1M $302.0M
YoY Change 1.44% -2.57%
Deferred Revenue $292.6M $262.2M
YoY Change 31.83% 51.31%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.099M $1.510M
YoY Change -25.49% 3.0%
Total Short-Term Liabilities $1.165B $1.016B
YoY Change 10.26% 17.2%
LONG-TERM LIABILITIES
Long-Term Debt $737.5M $737.4M
YoY Change 82.64% 60.77%
Other Long-Term Liabilities $84.56M $71.85M
YoY Change 25.33% -31.33%
Total Long-Term Liabilities $822.0M $809.3M
YoY Change 74.43% 43.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.165B $1.016B
Total Long-Term Liabilities $822.0M $809.3M
Total Liabilities $1.987B $1.826B
YoY Change 30.05% 23.77%
SHAREHOLDERS EQUITY
Retained Earnings $568.9M $495.7M
YoY Change 18.11% 15.33%
Common Stock $437.8M $435.7M
YoY Change -7.41% -7.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.007B $931.7M
YoY Change
Total Liabilities & Shareholders Equity $3.131B $2.881B
YoY Change 21.34% 21.24%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $78.95M $36.90M
YoY Change 37.01% -317.03%
Depreciation, Depletion And Amortization $33.82M $29.40M
YoY Change 42.08% 34.89%
Cash From Operating Activities $261.5M -$1.989M
YoY Change 70.78% -95.29%
INVESTING ACTIVITIES
Capital Expenditures $41.31M $38.99M
YoY Change 40.98% -0.61%
Acquisitions
YoY Change
Other Investing Activities -$119.7M -$370.0K
YoY Change -2819.98% -54.55%
Cash From Investing Activities -$161.0M -$39.36M
YoY Change 546.53% -1.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.940M 86.34M
YoY Change -90.24% -10.98%
NET CHANGE
Cash From Operating Activities 261.5M -1.989M
Cash From Investing Activities -161.0M -39.36M
Cash From Financing Activities -4.940M 86.34M
Net Change In Cash 95.54M 44.99M
YoY Change 23.12% 206.19%
FREE CASH FLOW
Cash From Operating Activities $261.5M -$1.989M
Capital Expenditures $41.31M $38.99M
Free Cash Flow $220.2M -$40.98M
YoY Change 77.83% -49.71%

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