2023 Q4 Form 10-Q Financial Statement

#000139898723000156 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $1.250B $1.584B
YoY Change -5.52% -12.39%
Cost Of Revenue $1.090B $1.321B
YoY Change -5.22% -11.34%
Gross Profit $160.0M $263.0M
YoY Change -7.51% -17.3%
Gross Profit Margin 12.8% 16.6%
Selling, General & Admin $145.0M $160.0M
YoY Change -2.03% 5.96%
% of Gross Profit 90.63% 60.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $47.00M $50.00M
YoY Change -14.55% -5.66%
% of Gross Profit 29.38% 19.01%
Operating Expenses $191.0M $160.0M
YoY Change -5.91% -20.79%
Operating Profit -$31.00M $103.0M
YoY Change 3.33% -11.21%
Interest Expense -$37.00M $37.00M
YoY Change 0.0% -223.33%
% of Operating Profit 35.92%
Other Income/Expense, Net -$3.000M
YoY Change -250.0%
Pretax Income -$132.0M $170.0M
YoY Change -76.43% 157.58%
Income Tax -$22.00M $45.00M
% Of Pretax Income 26.47%
Net Earnings -$107.0M $129.0M
YoY Change -76.38% 134.55%
Net Earnings / Revenue -8.56% 8.14%
Basic Earnings Per Share $1.17
Diluted Earnings Per Share -$0.97 $1.15
COMMON SHARES
Basic Shares Outstanding 110.5M shares 110.5M shares
Diluted Shares Outstanding 112.1M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $106.0M $151.0M
YoY Change -50.47% -44.49%
Cash & Equivalents $106.0M $151.0M
Short-Term Investments
Other Short-Term Assets $218.0M $198.0M
YoY Change 6.34% -13.16%
Inventory
Prepaid Expenses $49.00M $52.00M
Receivables $105.0M $135.0M
Other Receivables $138.0M $204.0M
Total Short-Term Assets $580.0M $695.0M
YoY Change -30.46% -23.88%
LONG-TERM ASSETS
Property, Plant & Equipment $280.0M $284.0M
YoY Change -11.67% -63.12%
Goodwill $2.499B $2.524B
YoY Change -0.95% -13.44%
Intangibles $586.0M $611.0M
YoY Change -4.09% -11.06%
Long-Term Investments $178.0M $181.0M
YoY Change -3.26% -9.05%
Other Assets $500.0M $516.0M
YoY Change -12.59% -14.0%
Total Long-Term Assets $5.259B $5.364B
YoY Change -5.23% -12.07%
TOTAL ASSETS
Total Short-Term Assets $580.0M $695.0M
Total Long-Term Assets $5.259B $5.364B
Total Assets $5.839B $6.059B
YoY Change -8.52% -13.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $99.00M $104.0M
YoY Change -46.2% -36.2%
Accrued Expenses $686.0M $388.0M
YoY Change 85.91% -40.85%
Deferred Revenue
YoY Change
Short-Term Debt $115.0M $170.0M
YoY Change -29.45% 0.59%
Long-Term Debt Due $307.0M $321.0M
YoY Change -16.12% -9.32%
Total Short-Term Liabilities $1.207B $1.290B
YoY Change -7.51% -3.87%
LONG-TERM LIABILITIES
Long-Term Debt $2.235B $2.239B
YoY Change -9.99% -9.94%
Other Long-Term Liabilities $176.0M $189.0M
YoY Change -19.27% -69.9%
Total Long-Term Liabilities $2.411B $2.428B
YoY Change -10.74% -22.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.207B $1.290B
Total Long-Term Liabilities $2.411B $2.428B
Total Liabilities $4.158B $4.274B
YoY Change -9.92% -10.96%
SHAREHOLDERS EQUITY
Retained Earnings -$3.091B -$2.984B
YoY Change 3.24% 17.43%
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 $1.679B $1.783B
YoY Change
Total Liabilities & Shareholders Equity $5.839B $6.059B
YoY Change -8.52% -13.6%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$107.0M $129.0M
YoY Change -76.38% 134.55%
Depreciation, Depletion And Amortization $47.00M $50.00M
YoY Change -14.55% -5.66%
Cash From Operating Activities $62.00M $145.0M
YoY Change -395.24% 8.21%
INVESTING ACTIVITIES
Capital Expenditures $20.00M $18.00M
YoY Change -23.08% -166.67%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.000M
YoY Change -100.0% -80.0%
Cash From Investing Activities -$20.00M -$19.00M
YoY Change -33.33% -40.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -81.00M -155.0M
YoY Change 800.0% 82.35%
NET CHANGE
Cash From Operating Activities 62.00M 145.0M
Cash From Investing Activities -20.00M -19.00M
Cash From Financing Activities -81.00M -155.0M
Net Change In Cash -39.00M -29.00M
YoY Change -35.0% -270.59%
FREE CASH FLOW
Cash From Operating Activities $62.00M $145.0M
Capital Expenditures $20.00M $18.00M
Free Cash Flow $42.00M $127.0M
YoY Change -189.36% -21.12%

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