2024 Q2 Form 10-Q Financial Statement

#000156189424000061 Filed on May 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $94.52M $105.8M
YoY Change 27.15% 53.13%
Cost Of Revenue $59.53M $61.87M
YoY Change 49.19% 66.25%
Gross Profit $34.99M $43.94M
YoY Change 1.61% 37.82%
Gross Profit Margin 37.02% 41.53%
Selling, General & Admin $28.77M $29.73M
YoY Change 20.09% 12.65%
% of Gross Profit 82.23% 67.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $175.0K $340.0K
YoY Change -81.3% -63.28%
% of Gross Profit 0.5% 0.77%
Operating Expenses $24.57M $31.75M
YoY Change -0.78% 12.3%
Operating Profit $10.42M $12.19M
YoY Change 7.74% 237.66%
Interest Expense $26.87M $61.87M
YoY Change -32.65% 66.25%
% of Operating Profit 258.01% 507.44%
Other Income/Expense, Net
YoY Change
Pretax Income $37.29M $170.7M
YoY Change 212.81% 555.97%
Income Tax $10.00M $46.00M
% Of Pretax Income 26.82% 26.94%
Net Earnings $26.50M $123.0M
YoY Change 96.3% 410.37%
Net Earnings / Revenue 28.04% 116.24%
Basic Earnings Per Share $0.23 $1.08
Diluted Earnings Per Share $0.23 $0.98
COMMON SHARES
Basic Shares Outstanding 114.0M shares 112.4M shares
Diluted Shares Outstanding 114.4M shares 131.0M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $145.7M $61.42M
YoY Change 14.8% -56.9%
Cash & Equivalents $146.0M $61.00M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $2.769B $3.113B
Other Receivables $36.38M $5.422M
Total Short-Term Assets $2.951B $3.180B
YoY Change 1190.23% 1136.93%
LONG-TERM ASSETS
Property, Plant & Equipment $2.990M $2.992M
YoY Change -99.15% -99.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.371B $3.263B
YoY Change 46.63% 45.02%
Other Assets $15.00M $16.00M
YoY Change 59900.0% -27.27%
Total Long-Term Assets $3.708B $3.548B
YoY Change -27.95% -27.33%
TOTAL ASSETS
Total Short-Term Assets $2.951B $3.180B
Total Long-Term Assets $3.708B $3.548B
Total Assets $6.659B $6.728B
YoY Change 23.88% 30.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $222.3M $203.8M
YoY Change 94.24% 68.44%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $222.3M $203.8M
YoY Change 94.24% 68.44%
LONG-TERM LIABILITIES
Long-Term Debt $4.113B $4.251B
YoY Change 25.91% 26.51%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.113B $4.251B
YoY Change 25.91% 26.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $222.3M $203.8M
Total Long-Term Liabilities $4.113B $4.251B
Total Liabilities $4.336B $4.455B
YoY Change 28.22% 27.97%
SHAREHOLDERS EQUITY
Retained Earnings -$249.3M -$227.8M
YoY Change -23.63% -23.48%
Common Stock $2.469B $2.416B
YoY Change 8.07% 24.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.260B $2.218B
YoY Change
Total Liabilities & Shareholders Equity $6.659B $6.728B
YoY Change 23.88% 30.9%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $26.50M $123.0M
YoY Change 96.3% 410.37%
Depreciation, Depletion And Amortization $175.0K $340.0K
YoY Change -81.3% -63.28%
Cash From Operating Activities -$24.82M $20.93M
YoY Change -246.66% -57.11%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $255.2M $450.0K
YoY Change -206.45% -17.88%
Cash From Investing Activities $255.2M -$69.95M
YoY Change -206.45% -84.41%
FINANCING ACTIVITIES
Cash Dividend Paid $45.09M
YoY Change 28.32%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -146.3M $51.26M
YoY Change -169.56% -86.79%
NET CHANGE
Cash From Operating Activities -24.82M $20.93M
Cash From Investing Activities 255.2M -$69.95M
Cash From Financing Activities -146.3M $51.26M
Net Change In Cash 84.02M $2.250M
YoY Change -776.19% -119.12%
FREE CASH FLOW
Cash From Operating Activities -$24.82M $20.93M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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