2024 Q4 Form 10-K Financial Statement

#000141739824000256 Filed on November 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024
Revenue $837.6M $3.183B
YoY Change 9.81% 12.63%
Cost Of Revenue $549.1M $2.126B
YoY Change 10.86% 13.23%
Gross Profit $288.5M $1.057B
YoY Change 7.85% 11.42%
Gross Profit Margin 34.44% 33.19%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $36.70M
YoY Change 44.49%
% of Gross Profit 3.47%
Depreciation & Amortization $39.20M $158.0M
YoY Change 20.62% 25.8%
% of Gross Profit 13.59% 14.96%
Operating Expenses $187.8M $36.70M
YoY Change 23.23% 44.49%
Operating Profit $100.7M $1.020B
YoY Change -12.51% 10.51%
Interest Expense -$28.70M $121.5M
YoY Change 95.24% 56.37%
% of Operating Profit -28.5% 11.91%
Other Income/Expense, Net $36.00M $36.00M
YoY Change -439.62%
Pretax Income $75.70M -$3.400M
YoY Change 5.43% -101.57%
Income Tax $61.10M $64.80M
% Of Pretax Income 80.71%
Net Earnings $14.60M -$211.0M
YoY Change -19.78% -137.04%
Net Earnings / Revenue 1.74% -6.63%
Basic Earnings Per Share -$3.00
Diluted Earnings Per Share $0.20 -$3.00
COMMON SHARES
Basic Shares Outstanding 70.24M shares 70.23M shares 70.40M shares
Diluted Shares Outstanding 70.40M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $199.3M $199.3M
YoY Change -17.95% -17.95%
Cash & Equivalents $199.3M $199.3M
Short-Term Investments
Other Short-Term Assets $132.6M $132.6M
YoY Change 17.14% 17.14%
Inventory $525.2M $525.2M
Prepaid Expenses
Receivables $652.8M $652.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.510B $1.510B
YoY Change -6.08% -6.08%
LONG-TERM ASSETS
Property, Plant & Equipment $316.6M $485.3M
YoY Change -1.28% 12.34%
Goodwill $1.836B
YoY Change -9.49%
Intangibles $1.286B
YoY Change -6.62%
Long-Term Investments
YoY Change
Other Assets $121.9M $121.9M
YoY Change 18.46% 18.46%
Total Long-Term Assets $3.729B $3.729B
YoY Change -5.36% -5.36%
TOTAL ASSETS
Total Short-Term Assets $1.510B $1.510B
Total Long-Term Assets $3.729B $3.729B
Total Assets $5.239B $5.239B
YoY Change -5.57% -5.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $444.8M $444.8M
YoY Change -1.48% -1.48%
Accrued Expenses $459.2M $459.2M
YoY Change -9.37% -9.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $20.60M $20.60M
YoY Change 4.57% 4.57%
Total Short-Term Liabilities $1.189B $1.189B
YoY Change -7.89% -7.89%
LONG-TERM LIABILITIES
Long-Term Debt $1.872B $1.872B
YoY Change -5.93% -5.93%
Other Long-Term Liabilities $155.1M $405.5M
YoY Change 147.37% 60.79%
Total Long-Term Liabilities $2.028B $2.278B
YoY Change -1.25% 1.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.189B $1.189B
Total Long-Term Liabilities $2.028B $2.278B
Total Liabilities $3.781B $3.816B
YoY Change -2.66% -2.6%
SHAREHOLDERS EQUITY
Retained Earnings $1.045B
YoY Change -20.79%
Common Stock $712.6M
YoY Change 0.44%
Preferred Stock
YoY Change
Treasury Stock (at cost) $238.2M
YoY Change -5.36%
Treasury Stock Shares
Shareholders Equity $1.423B $1.423B
YoY Change
Total Liabilities & Shareholders Equity $5.239B $5.239B
YoY Change -5.57% -5.57%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024
OPERATING ACTIVITIES
Net Income $14.60M -$211.0M
YoY Change -19.78% -137.04%
Depreciation, Depletion And Amortization $39.20M $158.0M
YoY Change 20.62% 25.8%
Cash From Operating Activities $166.5M $168.0M
YoY Change 261.96% 139.32%
INVESTING ACTIVITIES
Capital Expenditures $13.10M $54.20M
YoY Change -43.53% -21.79%
Acquisitions $900.0K
YoY Change -99.93%
Other Investing Activities $80.10M $0.00
YoY Change -111.06% -100.0%
Cash From Investing Activities $67.00M $26.80M
YoY Change -108.97% -103.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $420.1M
YoY Change 290.79%
Cash From Financing Activities -240.5M -$227.1M
YoY Change -135.79% -132.75%
NET CHANGE
Cash From Operating Activities 166.5M 168.0M
Cash From Investing Activities 67.00M 26.80M
Cash From Financing Activities -240.5M -$227.1M
Net Change In Cash -7.000M -$22.30M
YoY Change -76.11% -276.98%
FREE CASH FLOW
Cash From Operating Activities $166.5M $168.0M
Capital Expenditures $13.10M $54.20M
Free Cash Flow $153.4M $113.8M
YoY Change 572.81% 12544.44%

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ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-5100000 usd
CY2022 hi Net Current Period Other Comprehensive Loss Income
NetCurrentPeriodOtherComprehensiveLossIncome
-111500000 usd
CY2024 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024 us-gaap Revenues
Revenues
3182800000 usd
CY2023 us-gaap Revenues
Revenues
2826000000 usd
CY2022 us-gaap Revenues
Revenues
2315300000 usd
CY2024 us-gaap Revenues
Revenues
3182800000 usd
CY2023 us-gaap Revenues
Revenues
2826000000 usd
CY2022 us-gaap Revenues
Revenues
2315300000 usd
CY2024Q3 us-gaap Assets
Assets
5238700000 usd
CY2023Q3 us-gaap Assets
Assets
5547700000 usd
CY2024Q3 us-gaap Noncurrent Assets
NoncurrentAssets
485300000 usd
CY2023Q3 us-gaap Noncurrent Assets
NoncurrentAssets
432000000.0 usd
CY2024 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
2200000 usd
CY2023 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
462600000 usd
CY2022 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
99500000 usd
CY2024 us-gaap Profit Loss
ProfitLoss
-202000000.0 usd
CY2023 us-gaap Profit Loss
ProfitLoss
576700000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
215200000 usd
CY2024 us-gaap Sale And Leaseback Transaction Gain Loss Net
SaleAndLeasebackTransactionGainLossNet
33700000 usd
CY2023 hi Restructuring Incurred Cost Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag
RestructuringIncurredCostStatementOfIncomeOrComprehensiveIncomeExtensibleEnumerationNotDisclosedFlag
Total
CY2024 hi Restructuring Incurred Cost Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag
RestructuringIncurredCostStatementOfIncomeOrComprehensiveIncomeExtensibleEnumerationNotDisclosedFlag
Total
CY2022 hi Restructuring Incurred Cost Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag
RestructuringIncurredCostStatementOfIncomeOrComprehensiveIncomeExtensibleEnumerationNotDisclosedFlag
Total
CY2024 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
21400000 usd
CY2023 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
4400000 usd
CY2022 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
2600000 usd
CY2024Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
10600000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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