2024 Q2 Form 10-Q Financial Statement

#000111080324000024 Filed on May 03, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $1.112B $1.076B
YoY Change 2.3% -0.65%
Cost Of Revenue $391.0M $409.0M
YoY Change -9.49% -0.49%
Gross Profit $721.0M $667.0M
YoY Change 10.08% -0.74%
Gross Profit Margin 64.84% 61.99%
Selling, General & Admin $147.0M $439.0M
YoY Change -61.11% 1.62%
% of Gross Profit 20.39% 65.82%
Research & Development $325.0M $339.0M
YoY Change -4.69% -2.02%
% of Gross Profit 45.08% 50.82%
Depreciation & Amortization $105.0M $59.00M
YoY Change 84.21% -44.34%
% of Gross Profit 14.56% 8.85%
Operating Expenses $2.358B $778.0M
YoY Change 227.96% 0.0%
Operating Profit -$1.637B -$111.0M
YoY Change 2457.81% 4.72%
Interest Expense -$9.000M $18.00M
YoY Change -145.0% -158.06%
% of Operating Profit
Other Income/Expense, Net -$339.0M $2.000M
YoY Change 2321.43% -120.0%
Pretax Income -$1.976B -$109.0M
YoY Change 2433.33% -35.12%
Income Tax $12.00M $17.00M
% Of Pretax Income
Net Earnings -$1.988B -$126.0M
YoY Change -66366.67% -9.35%
Net Earnings / Revenue -178.78% -11.71%
Basic Earnings Per Share -$12.48 -$0.79
Diluted Earnings Per Share -$12.48 -$0.79
COMMON SHARES
Basic Shares Outstanding 159.3M shares 158.9M shares
Diluted Shares Outstanding 159.0M shares 159.0M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $994.0M $1.108B
YoY Change -34.52% -45.61%
Cash & Equivalents $920.0M $1.108B
Short-Term Investments $74.00M
Other Short-Term Assets $247.0M $256.0M
YoY Change -36.01% -4.48%
Inventory $561.0M $584.0M
Prepaid Expenses
Receivables $641.0M $635.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.459B $2.583B
YoY Change -22.48% -27.46%
LONG-TERM ASSETS
Property, Plant & Equipment $859.0M $964.0M
YoY Change -20.61% -11.64%
Goodwill $1.079B $2.545B
YoY Change -66.69% -21.43%
Intangibles $278.0M $2.940B
YoY Change -91.41% -10.5%
Long-Term Investments $217.0M $213.0M
YoY Change 8.5% 0.95%
Other Assets $314.0M $458.0M
YoY Change -25.77% 8.27%
Total Long-Term Assets $3.622B $7.457B
YoY Change -58.07% -14.2%
TOTAL ASSETS
Total Short-Term Assets $2.459B $2.583B
Total Long-Term Assets $3.622B $7.457B
Total Assets $6.081B $10.04B
YoY Change -48.51% -18.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $199.0M $201.0M
YoY Change -17.77% -31.4%
Accrued Expenses $1.265B $1.273B
YoY Change 2.1% 3.33%
Deferred Revenue $238.0M $248.0M
YoY Change -7.75% 1.22%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $744.0M
YoY Change -0.67%
Total Short-Term Liabilities $2.208B $1.474B
YoY Change -0.99% -46.84%
LONG-TERM LIABILITIES
Long-Term Debt $1.490B $1.490B
YoY Change 0.2% 0.2%
Other Long-Term Liabilities $331.0M $642.0M
YoY Change -49.39% -1.08%
Total Long-Term Liabilities $331.0M $642.0M
YoY Change -49.39% -1.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.208B $1.474B
Total Long-Term Liabilities $331.0M $642.0M
Total Liabilities $2.539B $2.116B
YoY Change -11.96% -38.16%
SHAREHOLDERS EQUITY
Retained Earnings -$2.133B -$145.0M
YoY Change -286.29% -112.7%
Common Stock $2.000M $2.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.436B $5.734B
YoY Change
Total Liabilities & Shareholders Equity $6.081B $10.04B
YoY Change -48.51% -18.05%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$1.988B -$126.0M
YoY Change -66366.67% -9.35%
Depreciation, Depletion And Amortization $105.0M $59.00M
YoY Change 84.21% -44.34%
Cash From Operating Activities $80.00M $77.00M
YoY Change 700.0% -47.62%
INVESTING ACTIVITIES
Capital Expenditures $31.00M $36.00M
YoY Change -40.38% -59.09%
Acquisitions
YoY Change
Other Investing Activities -$10.00M -$12.00M
YoY Change 233.33% -14.29%
Cash From Investing Activities -$41.00M -$48.00M
YoY Change -26.79% -52.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -226.0M $35.00M
YoY Change -52.22% -96.34%
NET CHANGE
Cash From Operating Activities 80.00M $77.00M
Cash From Investing Activities -41.00M -$48.00M
Cash From Financing Activities -226.0M $35.00M
Net Change In Cash -187.0M $60.00M
YoY Change -63.83% -94.01%
FREE CASH FLOW
Cash From Operating Activities $80.00M $77.00M
Capital Expenditures $31.00M $36.00M
Free Cash Flow $49.00M $41.00M
YoY Change -216.67% -30.51%

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<div style="margin-top:13pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our fiscal year is the 52 or 53 weeks ending the Sunday closest to December 31, with quarters of 13 or 14 weeks ending the Sunday closest to March 31, June 30, September 30, and December 31. References to Q1 2024 and Q1 2023 refer to the three months ended March 31, 2024 and April 2, 2023, respectively, which were both 13 weeks.</span></div>
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CY2024Q1 us-gaap Operating Lease Liability Current
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CY2024Q1 us-gaap Accrued Liabilities Current
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CY2023Q4 us-gaap Product Warranty Accrual
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CY2024Q1 ilmn Commitments And Contingencies Number Of Additional Securities Class Actions
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CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
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CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
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