2024 Q2 Form 10-Q Financial Statement

#000139898724000091 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $1.669B $1.126B
YoY Change -0.12% -0.44%
Cost Of Revenue $1.393B $999.0M
YoY Change 0.14% -0.99%
Gross Profit $276.0M $127.0M
YoY Change -1.43% 4.1%
Gross Profit Margin 16.54% 11.28%
Selling, General & Admin $140.0M $144.0M
YoY Change -12.5% -16.28%
% of Gross Profit 50.72% 113.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.00M $55.00M
YoY Change -2.04% 10.0%
% of Gross Profit 17.39% 43.31%
Operating Expenses $140.0M $144.0M
YoY Change -32.69% -16.28%
Operating Profit $136.0M -$17.00M
YoY Change 88.89% -66.0%
Interest Expense $40.00M $39.00M
YoY Change -202.56% 2.63%
% of Operating Profit 29.41%
Other Income/Expense, Net $0.00 $1.000M
YoY Change -100.0% 0.0%
Pretax Income $38.00M -$128.0M
YoY Change 72.73% -29.67%
Income Tax $11.00M -$28.00M
% Of Pretax Income 28.95%
Net Earnings $30.00M -$101.0M
YoY Change 57.89% -26.81%
Net Earnings / Revenue 1.8% -8.97%
Basic Earnings Per Share $0.27 -$0.91
Diluted Earnings Per Share $0.27 -$0.91
COMMON SHARES
Basic Shares Outstanding 111.1M shares 110.5M shares
Diluted Shares Outstanding 111.9M shares 110.7M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $128.0M $111.0M
YoY Change -28.49% -9.02%
Cash & Equivalents $128.0M $111.0M
Short-Term Investments
Other Short-Term Assets $219.0M $226.0M
YoY Change 0.46% 5.61%
Inventory
Prepaid Expenses $43.00M $45.00M
Receivables $126.0M $109.0M
Other Receivables $209.0M $147.0M
Total Short-Term Assets $691.0M $597.0M
YoY Change -13.19% -17.66%
LONG-TERM ASSETS
Property, Plant & Equipment $254.0M $261.0M
YoY Change -63.24% -13.86%
Goodwill $2.499B $2.499B
YoY Change -0.99% -0.95%
Intangibles $586.0M $586.0M
YoY Change -4.09% -4.09%
Long-Term Investments $179.0M $177.0M
YoY Change -0.56% 0.57%
Other Assets $484.0M $494.0M
YoY Change -9.87% -10.02%
Total Long-Term Assets $5.155B $5.202B
YoY Change -4.94% -4.9%
TOTAL ASSETS
Total Short-Term Assets $691.0M $597.0M
Total Long-Term Assets $5.155B $5.202B
Total Assets $5.846B $5.799B
YoY Change -6.0% -6.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $105.0M $88.00M
YoY Change -16.0% -28.46%
Accrued Expenses $346.0M $638.0M
YoY Change -45.94% 77.72%
Deferred Revenue
YoY Change
Short-Term Debt $152.0M $110.0M
YoY Change -24.0% -36.42%
Long-Term Debt Due $606.0M $639.0M
YoY Change 64.23% 60.55%
Total Short-Term Liabilities $1.498B $1.475B
YoY Change 12.29% 11.07%
LONG-TERM LIABILITIES
Long-Term Debt $2.054B $2.053B
YoY Change -17.01% -17.22%
Other Long-Term Liabilities $177.0M $187.0M
YoY Change -68.22% -9.66%
Total Long-Term Liabilities $2.231B $2.240B
YoY Change -26.42% -16.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.498B $1.475B
Total Long-Term Liabilities $2.231B $2.240B
Total Liabilities $4.232B $4.219B
YoY Change -7.38% -7.58%
SHAREHOLDERS EQUITY
Retained Earnings -$3.162B -$3.192B
YoY Change 1.57% 1.92%
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 $1.612B $1.578B
YoY Change
Total Liabilities & Shareholders Equity $5.846B $5.799B
YoY Change -6.0% -6.39%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $30.00M -$101.0M
YoY Change 57.89% -26.81%
Depreciation, Depletion And Amortization $48.00M $55.00M
YoY Change -2.04% 10.0%
Cash From Operating Activities $39.00M -$122.0M
YoY Change -58.06% 7.96%
INVESTING ACTIVITIES
Capital Expenditures $18.00M $18.00M
YoY Change 12.5% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$2.000M
YoY Change -200.0% 100.0%
Cash From Investing Activities -$19.00M -$16.00M
YoY Change 26.67% 220.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.000M $134.0M
YoY Change -111.76% 415.38%
NET CHANGE
Cash From Operating Activities 39.00M -$122.0M
Cash From Investing Activities -19.00M -$16.00M
Cash From Financing Activities 2.000M $134.0M
Net Change In Cash 22.00M -$4.000M
YoY Change -63.93% -95.65%
FREE CASH FLOW
Cash From Operating Activities $39.00M -$122.0M
Capital Expenditures $18.00M $18.00M
Free Cash Flow $21.00M -$140.0M
YoY Change -72.73% 6.87%

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