2024 Q3 Form 10-Q Financial Statement

#000143364224000116 Filed on November 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $150.0M
YoY Change 18.22%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $82.81M
YoY Change 16.14%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.367M
YoY Change 31.5%
% of Gross Profit
Operating Expenses $82.81M
YoY Change 16.17%
Operating Profit
YoY Change
Interest Expense $8.465M
YoY Change -29.46%
% of Operating Profit
Other Income/Expense, Net $9.902M
YoY Change -7.99%
Pretax Income $77.09M
YoY Change 16.18%
Income Tax $1.172M
% Of Pretax Income 1.52%
Net Earnings $54.98M
YoY Change 30.93%
Net Earnings / Revenue 36.65%
Basic Earnings Per Share
Diluted Earnings Per Share $1.01
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $227.0M
YoY Change -1.23%
Cash & Equivalents $232.8M
Short-Term Investments
Other Short-Term Assets $16.75M
YoY Change 157.69%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $355.7M
YoY Change 16.28%
LONG-TERM ASSETS
Property, Plant & Equipment $32.26M
YoY Change 1.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $669.1M
YoY Change -1.14%
Other Assets $263.0M
YoY Change 12.03%
Total Long-Term Assets $1.069B
YoY Change 1.51%
TOTAL ASSETS
Total Short-Term Assets $355.7M
Total Long-Term Assets $1.069B
Total Assets $1.424B
YoY Change 4.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $206.8M
YoY Change 16.56%
Accrued Expenses $170.8M
YoY Change 17.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $386.8M
YoY Change 15.61%
LONG-TERM LIABILITIES
Long-Term Debt $195.0M
YoY Change -1.18%
Other Long-Term Liabilities $40.61M
YoY Change -10.15%
Total Long-Term Liabilities $235.6M
YoY Change -2.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $386.8M
Total Long-Term Liabilities $235.6M
Total Liabilities $622.4M
YoY Change 7.85%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $606.6M
YoY Change
Total Liabilities & Shareholders Equity $1.424B
YoY Change 4.83%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $54.98M
YoY Change 30.93%
Depreciation, Depletion And Amortization $2.367M
YoY Change 31.5%
Cash From Operating Activities $117.4M
YoY Change 51.29%
INVESTING ACTIVITIES
Capital Expenditures $1.574M
YoY Change -45.72%
Acquisitions
YoY Change
Other Investing Activities -$25.60M
YoY Change -39.63%
Cash From Investing Activities -$27.17M
YoY Change -40.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -28.48M
YoY Change -139.29%
NET CHANGE
Cash From Operating Activities 117.4M
Cash From Investing Activities -27.17M
Cash From Financing Activities -28.48M
Net Change In Cash 61.75M
YoY Change -41.08%
FREE CASH FLOW
Cash From Operating Activities $117.4M
Capital Expenditures $1.574M
Free Cash Flow $115.8M
YoY Change 55.06%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
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110 Washington Street,
dei Entity Address Address Line2
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Suite 1300
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dei Entity Address Postal Zip Code
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dei City Area Code
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dei Local Phone Number
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dei Security12b Title
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<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Accounting for Differing Fiscal Periods</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> The Partnerships primarily have a fiscal year end as of December 31, and the Company accounts for its investments in the Partnerships using a three-month lag due to the timing of financial information received from the investments held by the Partnerships. The Partnerships primarily invest in private equity funds, which generally require at least 90 days following the calendar year end to present audited financial statements. The Company records its share of capital contributions to and distributions from the Partnerships in investments in the Condensed Consolidated Balance Sheets during the three-month lag period. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:107%">The results of the consolidated Variable Interest Entities (</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:107%">“</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:107%">VIEs</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:107%">”</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:107%">) are reported on a three-month lag, due to the timing of the receipt of related financial statements.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company’s revenue earned from Partnerships, including both management and advisory fee revenue and incentive fee revenue, is not accounted for on a lag.</span></div>
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