2023 Q3 Form 10-Q Financial Statement

#000139898723000144 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $1.584B $1.671B
YoY Change -12.39% -21.99%
Cost Of Revenue $1.321B $1.391B
YoY Change -11.34% -20.88%
Gross Profit $263.0M $280.0M
YoY Change -17.3% -27.08%
Gross Profit Margin 16.6% 16.76%
Selling, General & Admin $160.0M $160.0M
YoY Change 5.96% -10.61%
% of Gross Profit 60.84% 57.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.00M $49.00M
YoY Change -5.66% -10.91%
% of Gross Profit 19.01% 17.5%
Operating Expenses $160.0M $208.0M
YoY Change -20.79% 16.2%
Operating Profit $103.0M $72.00M
YoY Change -11.21% -64.88%
Interest Expense $37.00M -$39.00M
YoY Change -223.33% -239.29%
% of Operating Profit 35.92% -54.17%
Other Income/Expense, Net -$3.000M $1.000M
YoY Change -250.0% -85.71%
Pretax Income $170.0M $22.00M
YoY Change 157.58% -82.54%
Income Tax $45.00M $8.000M
% Of Pretax Income 26.47% 36.36%
Net Earnings $129.0M $19.00M
YoY Change 134.55% -78.41%
Net Earnings / Revenue 8.14% 1.14%
Basic Earnings Per Share $1.17 $0.17
Diluted Earnings Per Share $1.15 $0.17
COMMON SHARES
Basic Shares Outstanding 110.5M shares 110.4M shares
Diluted Shares Outstanding 112.1M shares 111.3M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $151.0M $179.0M
YoY Change -44.49% -28.69%
Cash & Equivalents $151.0M $179.0M
Short-Term Investments
Other Short-Term Assets $198.0M $218.0M
YoY Change -13.16% 8.46%
Inventory
Prepaid Expenses $52.00M $56.00M
Receivables $135.0M $143.0M
Other Receivables $204.0M $256.0M
Total Short-Term Assets $695.0M $796.0M
YoY Change -23.88% -8.72%
LONG-TERM ASSETS
Property, Plant & Equipment $284.0M $691.0M
YoY Change -63.12% 114.6%
Goodwill $2.524B $2.524B
YoY Change -13.44% -13.26%
Intangibles $611.0M $611.0M
YoY Change -11.06% -11.06%
Long-Term Investments $181.0M $180.0M
YoY Change -9.05% -10.0%
Other Assets $516.0M $537.0M
YoY Change -14.0% -6.61%
Total Long-Term Assets $5.364B $5.423B
YoY Change -12.07% -11.19%
TOTAL ASSETS
Total Short-Term Assets $695.0M $796.0M
Total Long-Term Assets $5.364B $5.423B
Total Assets $6.059B $6.219B
YoY Change -13.6% -10.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $104.0M $125.0M
YoY Change -36.2% -8.76%
Accrued Expenses $388.0M $640.0M
YoY Change -40.85% 48.15%
Deferred Revenue
YoY Change
Short-Term Debt $170.0M $200.0M
YoY Change 0.59% 14.29%
Long-Term Debt Due $321.0M $369.0M
YoY Change -9.32% 2.5%
Total Short-Term Liabilities $1.290B $1.334B
YoY Change -3.87% 1.21%
LONG-TERM LIABILITIES
Long-Term Debt $2.239B $2.475B
YoY Change -9.94% -0.56%
Other Long-Term Liabilities $189.0M $557.0M
YoY Change -69.9% 166.51%
Total Long-Term Liabilities $2.428B $3.032B
YoY Change -22.03% 12.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.290B $1.334B
Total Long-Term Liabilities $2.428B $3.032B
Total Liabilities $4.274B $4.569B
YoY Change -10.96% -4.19%
SHAREHOLDERS EQUITY
Retained Earnings -$2.984B -$3.113B
YoY Change 17.43% 19.92%
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 $1.783B $1.650B
YoY Change
Total Liabilities & Shareholders Equity $6.059B $6.219B
YoY Change -13.6% -10.88%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $129.0M $19.00M
YoY Change 134.55% -78.41%
Depreciation, Depletion And Amortization $50.00M $49.00M
YoY Change -5.66% -10.91%
Cash From Operating Activities $145.0M $93.00M
YoY Change 8.21% 232.14%
INVESTING ACTIVITIES
Capital Expenditures $18.00M $16.00M
YoY Change -166.67% -159.26%
Acquisitions
YoY Change
Other Investing Activities -$1.000M $1.000M
YoY Change -80.0% -150.0%
Cash From Investing Activities -$19.00M -$15.00M
YoY Change -40.63% -48.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -155.0M -17.00M
YoY Change 82.35% -62.22%
NET CHANGE
Cash From Operating Activities 145.0M 93.00M
Cash From Investing Activities -19.00M -15.00M
Cash From Financing Activities -155.0M -17.00M
Net Change In Cash -29.00M 61.00M
YoY Change -270.59% -232.61%
FREE CASH FLOW
Cash From Operating Activities $145.0M $93.00M
Capital Expenditures $18.00M $16.00M
Free Cash Flow $127.0M $77.00M
YoY Change -21.12% 40.0%

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CY2023Q2 hous Guaranty Arrangement Percentage Of Obligations Assumed By Anywhere
GuarantyArrangementPercentageOfObligationsAssumedByAnywhere
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CY2023Q2 hous Guaranty Arrangement Percentage Of Obligations Assumed By Wyndham
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CY2023Q2 us-gaap Accrued Liabilities And Other Liabilities
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Stock Repurchased And Retired During Period Value
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us-gaap Dividends Common Stock Cash
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us-gaap Dividends
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
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CY2023Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
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CY2023Q2 us-gaap Net Income Loss
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CY2022Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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110400000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2023Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
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CY2022Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
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us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
117800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6600000 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5400000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4700000 shares
CY2023Q2 us-gaap Revenues
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1671000000 usd
CY2022Q2 us-gaap Revenues
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2142000000 usd
us-gaap Revenues
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2802000000 usd
us-gaap Revenues
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3777000000 usd
CY2023Q2 hous Operating Ebitda
OperatingEBITDA
126000000 usd
CY2022Q2 hous Operating Ebitda
OperatingEBITDA
202000000 usd
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74000000 usd
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OperatingEBITDA
271000000 usd
CY2023Q2 us-gaap Depreciation And Amortization
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CY2022Q2 us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2023Q2 us-gaap Interest Expense
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CY2022Q2 us-gaap Interest Expense
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us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
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CY2023Q2 us-gaap Income Tax Expense Benefit
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CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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CY2023Q2 us-gaap Restructuring Charges
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CY2022Q2 us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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CY2023Q2 us-gaap Asset Impairment Charges
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CY2022Q2 us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2023Q2 hous Former Parent Legacy Costs Benefits Net
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CY2022Q2 hous Former Parent Legacy Costs Benefits Net
FormerParentLegacyCostsBenefitsNet
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hous Former Parent Legacy Costs Benefits Net
FormerParentLegacyCostsBenefitsNet
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hous Former Parent Legacy Costs Benefits Net
FormerParentLegacyCostsBenefitsNet
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CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023Q2 us-gaap Gain Loss On Sale Of Business
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CY2022Q2 us-gaap Gain Loss On Sale Of Business
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us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
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us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
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CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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