2024 Q2 Form 10-Q Financial Statement

#000185224424000014 Filed on May 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $2.846B $2.456B
YoY Change 18.88% 5.73%
Cost Of Revenue $2.389B $2.056B
YoY Change 22.07% 7.87%
Gross Profit $457.0M $400.0M
YoY Change 4.58% -4.08%
Gross Profit Margin 16.06% 16.29%
Selling, General & Admin $270.0M $249.0M
YoY Change 10.2% -3.49%
% of Gross Profit 59.08% 62.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $99.00M $92.00M
YoY Change 17.86% 10.84%
% of Gross Profit 21.66% 23.0%
Operating Expenses $270.0M $249.0M
YoY Change -17.93% -3.49%
Operating Profit $75.00M -$39.00M
YoY Change -30.56% -192.86%
Interest Expense -$23.00M $13.00M
YoY Change 64.29% 0.0%
% of Operating Profit -30.67%
Other Income/Expense, Net $1.000M $6.000M
YoY Change 0.0%
Pretax Income $53.00M -$46.00M
YoY Change -38.37% -258.62%
Income Tax $14.00M -$10.00M
% Of Pretax Income 26.42%
Net Earnings $38.00M -$37.00M
YoY Change -41.54% -248.0%
Net Earnings / Revenue 1.34% -1.51%
Basic Earnings Per Share $0.32 -$0.31
Diluted Earnings Per Share $0.32 -$0.31
COMMON SHARES
Basic Shares Outstanding 119.4M shares 119.3M shares
Diluted Shares Outstanding 119.7M shares 119.3M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $469.0M $423.0M
YoY Change 53.77% -0.7%
Cash & Equivalents $469.0M $423.0M
Short-Term Investments
Other Short-Term Assets $419.0M $375.0M
YoY Change 48.58% 33.93%
Inventory
Prepaid Expenses
Receivables $1.909B $1.665B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.797B $2.463B
YoY Change 21.29% 6.58%
LONG-TERM ASSETS
Property, Plant & Equipment $3.437B $3.143B
YoY Change 8.8% 0.35%
Goodwill $3.664B $2.870B
YoY Change 30.76% 3.8%
Intangibles $942.0M $542.0M
YoY Change 73.16% -2.34%
Long-Term Investments
YoY Change
Other Assets $520.0M $362.0M
YoY Change 65.08% 10.7%
Total Long-Term Assets $8.563B $6.917B
YoY Change 25.56% 2.04%
TOTAL ASSETS
Total Short-Term Assets $2.797B $2.463B
Total Long-Term Assets $8.563B $6.917B
Total Assets $11.36B $9.380B
YoY Change 24.48% 3.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $690.0M $615.0M
YoY Change 21.91% -5.67%
Accrued Expenses $1.286B $976.0M
YoY Change -15.28% 7.49%
Deferred Revenue $308.0M $210.0M
YoY Change 57.14% 24.26%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $219.0M $126.0M
YoY Change 525.71% 50.0%
Total Short-Term Liabilities $3.269B $2.625B
YoY Change 36.04% 8.43%
LONG-TERM LIABILITIES
Long-Term Debt $2.551B $1.511B
YoY Change 56.98% -10.96%
Other Long-Term Liabilities $626.0M $505.0M
YoY Change -72.63% 11.48%
Total Long-Term Liabilities $5.158B $3.852B
YoY Change 31.85% -2.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.269B $2.625B
Total Long-Term Liabilities $5.158B $3.852B
Total Liabilities $8.427B $6.477B
YoY Change 32.75% 1.66%
SHAREHOLDERS EQUITY
Retained Earnings $553.0M $515.0M
YoY Change 33.9% 47.99%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.901B $2.869B
YoY Change
Total Liabilities & Shareholders Equity $11.36B $9.380B
YoY Change 24.48% 3.19%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $38.00M -$37.00M
YoY Change -41.54% -248.0%
Depreciation, Depletion And Amortization $99.00M $92.00M
YoY Change 17.86% 10.84%
Cash From Operating Activities $115.0M $50.00M
YoY Change 88.52% 28.21%
INVESTING ACTIVITIES
Capital Expenditures $88.00M $73.00M
YoY Change 49.15% -19.78%
Acquisitions
YoY Change
Other Investing Activities -$844.0M -$9.000M
YoY Change -84500.0%
Cash From Investing Activities -$932.0M -$82.00M
YoY Change 1506.9% 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 865.0M -$8.000M
YoY Change -786.51% -72.41%
NET CHANGE
Cash From Operating Activities 115.0M $50.00M
Cash From Investing Activities -932.0M -$82.00M
Cash From Financing Activities 865.0M -$8.000M
Net Change In Cash 48.00M -$45.00M
YoY Change -139.02% -34.78%
FREE CASH FLOW
Cash From Operating Activities $115.0M $50.00M
Capital Expenditures $88.00M $73.00M
Free Cash Flow $27.00M -$23.00M
YoY Change 1250.0% -55.77%

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