2024 Q3 Form 10-Q Financial Statement

#000156189424000097 Filed on August 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $81.97M $94.52M
YoY Change -8.78% 27.15%
Cost Of Revenue $59.40M $59.53M
YoY Change 37.18% 49.19%
Gross Profit $22.56M $34.99M
YoY Change -51.54% 1.61%
Gross Profit Margin 27.53% 37.02%
Selling, General & Admin $24.21M $28.77M
YoY Change 5.28% 20.09%
% of Gross Profit 107.31% 82.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $175.0K $175.0K
YoY Change -80.34% -81.3%
% of Gross Profit 0.78% 0.5%
Operating Expenses $25.45M $24.57M
YoY Change -22.39% -0.78%
Operating Profit -$2.883M $10.42M
YoY Change -120.94% 7.74%
Interest Expense -$23.41M $26.87M
YoY Change -154.06% -32.65%
% of Operating Profit 258.01%
Other Income/Expense, Net
YoY Change
Pretax Income -$26.29M $37.29M
YoY Change -259.14% 212.81%
Income Tax -$7.000M $10.00M
% Of Pretax Income 26.82%
Net Earnings -$19.60M $26.50M
YoY Change -191.59% 96.3%
Net Earnings / Revenue -23.91% 28.04%
Basic Earnings Per Share -$0.17 $0.23
Diluted Earnings Per Share -$0.17 $0.23
COMMON SHARES
Basic Shares Outstanding 116.8M shares 114.0M shares
Diluted Shares Outstanding 116.6M shares 114.4M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.05M $145.7M
YoY Change -71.67% 14.8%
Cash & Equivalents $44.00M $146.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $2.900B $2.769B
Other Receivables $22.18M $36.38M
Total Short-Term Assets $2.966B $2.951B
YoY Change 1017.12% 1190.23%
LONG-TERM ASSETS
Property, Plant & Equipment $2.987M $2.990M
YoY Change -97.31% -99.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.353B $3.371B
YoY Change 30.77% 46.63%
Other Assets $15.00M $15.00M
YoY Change 7.14% 59900.0%
Total Long-Term Assets $3.707B $3.708B
YoY Change -34.31% -27.95%
TOTAL ASSETS
Total Short-Term Assets $2.966B $2.951B
Total Long-Term Assets $3.707B $3.708B
Total Assets $6.673B $6.659B
YoY Change 12.94% 23.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $218.8M $222.3M
YoY Change 45.31% 94.24%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $18.27M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $237.1M $222.3M
YoY Change 57.44% 94.24%
LONG-TERM LIABILITIES
Long-Term Debt $4.112B $4.113B
YoY Change 12.43% 25.91%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.112B $4.113B
YoY Change 12.43% 25.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $237.1M $222.3M
Total Long-Term Liabilities $4.112B $4.113B
Total Liabilities $4.349B $4.336B
YoY Change 14.21% 28.22%
SHAREHOLDERS EQUITY
Retained Earnings -$318.1M -$249.3M
YoY Change -8.84% -23.63%
Common Stock $2.569B $2.469B
YoY Change 9.1% 8.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.258B $2.260B
YoY Change
Total Liabilities & Shareholders Equity $6.673B $6.659B
YoY Change 12.94% 23.88%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$19.60M $26.50M
YoY Change -191.59% 96.3%
Depreciation, Depletion And Amortization $175.0K $175.0K
YoY Change -80.34% -81.3%
Cash From Operating Activities $21.94M -$24.82M
YoY Change -17.55% -246.66%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$131.1M $255.2M
YoY Change -82.06% -206.45%
Cash From Investing Activities -$131.1M $255.2M
YoY Change -82.06% -206.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.481M -146.3M
YoY Change -99.1% -169.56%
NET CHANGE
Cash From Operating Activities 21.94M -24.82M
Cash From Investing Activities -131.1M 255.2M
Cash From Financing Activities 6.481M -146.3M
Net Change In Cash -102.7M 84.02M
YoY Change -678.66% -776.19%
FREE CASH FLOW
Cash From Operating Activities $21.94M -$24.82M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2024Q2 us-gaap Notes Receivable Gross
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CY2024Q2 hasi Finance Receivables Loan Funding Commitments
FinanceReceivablesLoanFundingCommitments
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CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2023Q4 us-gaap Notes Receivable Gross
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CY2023Q4 hasi Finance Receivables Loan Funding Commitments
FinanceReceivablesLoanFundingCommitments
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CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
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CY2024Q2 hasi Financing Receivables
FinancingReceivables
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CY2024Q2 hasi Financing Receivable Due Less Than One Year
FinancingReceivableDueLessThanOneYear
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CY2024Q2 hasi Financing Receivable Due One To Five Years
FinancingReceivableDueOneToFiveYears
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CY2024Q2 hasi Financing Receivable Due Five To Ten Years
FinancingReceivableDueFiveToTenYears
1092000000 usd
CY2024Q2 hasi Financing Receivable Due More Than Ten Years
FinancingReceivableDueMoreThanTenYears
1080000000 usd
hasi Financing Receivables Weighted Average Yield
FinancingReceivablesWeightedAverageYield
0.086
hasi Financing Receivables Weighted Average Yield Due Less Than One Year
FinancingReceivablesWeightedAverageYieldDueLessThanOneYear
0.076
hasi Financing Receivables Weighted Average Yield Due One To Five Years
FinancingReceivablesWeightedAverageYieldDueOneToFiveYears
0.085
hasi Financing Receivables Weighted Average Yield Due Five To Ten Years
FinancingReceivablesWeightedAverageYieldDueFiveToTenYears
0.090
hasi Financing Receivables Weighted Average Yield Due More Than Ten Years
FinancingReceivablesWeightedAverageYieldDueMoreThanTenYears
0.083
CY2024Q2 hasi Real Estate Investment Property At Cost Sold
RealEstateInvestmentPropertyAtCostSold
100000000 usd
CY2024Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
0 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
8000000 usd
CY2024Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3000000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
111000000 usd
CY2024Q2 us-gaap Equity Method Investments
EquityMethodInvestments
3371000000 usd
CY2024Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2220000000 usd
CY2024Q2 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
44000000 usd
CY2023Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
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CY2024Q2 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
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CY2024Q2 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
6000000 usd
CY2024Q2 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
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CY2024Q2 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
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CY2024Q2 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
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CY2024Q2 us-gaap Interest Expense Operating
InterestExpenseOperating
59530000 usd
CY2023Q2 us-gaap Interest Expense Operating
InterestExpenseOperating
39903000 usd
us-gaap Interest Expense Operating
InterestExpenseOperating
121403000 usd
us-gaap Interest Expense Operating
InterestExpenseOperating
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CY2024Q2 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
2808000 usd
CY2023Q2 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
1447000 usd
us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
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us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
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hasi Guarantor Obligations Proceeds Received
GuarantorObligationsProceedsReceived
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CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
57000000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.04
us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.395
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
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0.395
CY2023Q4 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.395
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.395
CY2023Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.395
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2024Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.415
CY2023Q4 hasi Common Stock Stock Dividends Per Share Declared
CommonStockStockDividendsPerShareDeclared
1
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
666000000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
31000000 usd
CY2024Q2 hasi Shareholder Rights Threshold Ownership Percentage Trigger
ShareholderRightsThresholdOwnershipPercentageTrigger
0.05
CY2024Q2 hasi Shareholder Rights Threshold Ownership Percentage Trigger
ShareholderRightsThresholdOwnershipPercentageTrigger
0.05
CY2024Q2 hasi Shareholder Rights Threshold Ownership Percentage Trigger
ShareholderRightsThresholdOwnershipPercentageTrigger
0.05
CY2024Q2 hasi Shareholder Rights Threshold Ownership Percentage Trigger
ShareholderRightsThresholdOwnershipPercentageTrigger
0.05
CY2024Q2 hasi Shareholder Rights Grandfathered Ownership Percentage
ShareholderRightsGrandfatheredOwnershipPercentage
0.05
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
26500000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
13500000 usd
us-gaap Net Income Loss
NetIncomeLoss
149600000 usd
us-gaap Net Income Loss
NetIncomeLoss
37600000 usd
CY2024Q2 hasi Dividend Paid On Participating Securities
DividendPaidOnParticipatingSecurities
300000 usd
CY2023Q2 hasi Dividend Paid On Participating Securities
DividendPaidOnParticipatingSecurities
200000 usd
hasi Dividend Paid On Participating Securities
DividendPaidOnParticipatingSecurities
800000 usd
hasi Dividend Paid On Participating Securities
DividendPaidOnParticipatingSecurities
500000 usd
CY2024Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
400000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26200000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13300000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
148400000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
37100000 usd
CY2024Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
CY2023Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
300000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
12500000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
700000 usd
CY2024Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
26200000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13600000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
161300000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
37800000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114329692 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96996805 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113473750 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94065873 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114433285 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99989158 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
131922504 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97075329 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2024Q2 hasi Weighted Average Number Of Operating Partnership Units
WeightedAverageNumberOfOperatingPartnershipUnits
1529282 shares
CY2023Q2 hasi Weighted Average Number Of Operating Partnership Units
WeightedAverageNumberOfOperatingPartnershipUnits
1331877 shares
hasi Weighted Average Number Of Operating Partnership Units
WeightedAverageNumberOfOperatingPartnershipUnits
1461584 shares
hasi Weighted Average Number Of Operating Partnership Units
WeightedAverageNumberOfOperatingPartnershipUnits
1259246 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
858423 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
630420 shares
CY2024Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
27000000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
185000000 usd
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2000000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
25000000 usd
CY2024Q2 hasi Number Of Equity Method Investment
NumberOfEquityMethodInvestment
47 investment
CY2023Q4 hasi Number Of Equity Method Investment
NumberOfEquityMethodInvestment
46 investment

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