2024 Q3 Form 10-Q Financial Statement

#000135761524000044 Filed on July 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.947B $1.855B
YoY Change 10.0% 5.82%
Cost Of Revenue $1.656B $1.584B
YoY Change 8.52% 5.46%
Gross Profit $291.0M $271.0M
YoY Change 19.26% 7.97%
Gross Profit Margin 14.95% 14.61%
Selling, General & Admin $140.0M $129.0M
YoY Change 10.24% 8.4%
% of Gross Profit 48.11% 47.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $41.00M $35.00M
YoY Change 20.59% 2.94%
% of Gross Profit 14.09% 12.92%
Operating Expenses $140.0M $129.0M
YoY Change 10.24% 7.5%
Operating Profit $173.0M $181.0M
YoY Change 17.69% 38.17%
Interest Expense -$10.00M $8.000M
YoY Change -133.33% -107.27%
% of Operating Profit -5.78% 4.42%
Other Income/Expense, Net -$2.000M -$2.000M
YoY Change -200.0% -98.58%
Pretax Income $134.0M $147.0M
YoY Change 2580.0% -144.01%
Income Tax $32.00M $40.00M
% Of Pretax Income 23.88% 27.21%
Net Earnings $100.0M $106.0M
YoY Change -576.19% -130.2%
Net Earnings / Revenue 5.14% 5.71%
Basic Earnings Per Share $0.75 $0.79
Diluted Earnings Per Share $0.75 $0.79
COMMON SHARES
Basic Shares Outstanding 133.1M shares 134.3M shares
Diluted Shares Outstanding 133.0M shares 134.0M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $462.0M $414.0M
YoY Change 32.76% -23.19%
Cash & Equivalents $462.0M $414.0M
Short-Term Investments
Other Short-Term Assets $190.0M $202.0M
YoY Change -63.67% -63.54%
Inventory
Prepaid Expenses
Receivables $1.309B $1.209B
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.961B $1.825B
YoY Change -6.26% -23.13%
LONG-TERM ASSETS
Property, Plant & Equipment $489.0M $409.0M
YoY Change 32.16% 13.3%
Goodwill $2.553B $2.111B
YoY Change 22.15% 0.19%
Intangibles $885.0M $595.0M
YoY Change 43.2% -6.89%
Long-Term Investments $188.0M $185.0M
YoY Change -2.59% -1.6%
Other Assets $505.0M $442.0M
YoY Change 49.85% -28.48%
Total Long-Term Assets $4.820B $3.939B
YoY Change 24.19% 0.66%
TOTAL ASSETS
Total Short-Term Assets $1.961B $1.825B
Total Long-Term Assets $4.820B $3.939B
Total Assets $6.781B $5.764B
YoY Change 13.53% -8.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $737.0M $676.0M
YoY Change 7.28% -6.89%
Accrued Expenses $397.0M $359.0M
YoY Change -0.25% -12.22%
Deferred Revenue $381.0M $353.0M
YoY Change 11.73% 8.62%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $46.00M $22.00M
YoY Change -80.75% -81.2%
Total Short-Term Liabilities $1.827B $1.653B
YoY Change -14.1% -26.6%
LONG-TERM LIABILITIES
Long-Term Debt $2.560B $1.900B
YoY Change 68.87% 16.71%
Other Long-Term Liabilities $321.0M $307.0M
YoY Change 14.23% -55.05%
Total Long-Term Liabilities $2.881B $2.207B
YoY Change 60.32% -4.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.827B $1.653B
Total Long-Term Liabilities $2.881B $2.207B
Total Liabilities $5.267B $4.353B
YoY Change 19.49% -6.83%
SHAREHOLDERS EQUITY
Retained Earnings $1.311B $1.231B
YoY Change 22.64% 11.0%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.503B $1.402B
YoY Change
Total Liabilities & Shareholders Equity $6.781B $5.764B
YoY Change 13.53% -8.32%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $100.0M $106.0M
YoY Change -576.19% -130.2%
Depreciation, Depletion And Amortization $41.00M $35.00M
YoY Change 20.59% 2.94%
Cash From Operating Activities $161.0M $170.0M
YoY Change -502.5% -32.81%
INVESTING ACTIVITIES
Capital Expenditures $19.00M $10.00M
YoY Change -13.64% -47.37%
Acquisitions
YoY Change
Other Investing Activities -$740.0M $7.000M
YoY Change -115.91%
Cash From Investing Activities -$759.0M -$3.000M
YoY Change 3350.0% -95.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 633.0M -67.00M
YoY Change -610.48% -6.94%
NET CHANGE
Cash From Operating Activities 161.0M 170.0M
Cash From Investing Activities -759.0M -3.000M
Cash From Financing Activities 633.0M -67.00M
Net Change In Cash 35.00M 100.0M
YoY Change -118.82% -15.25%
FREE CASH FLOW
Cash From Operating Activities $161.0M $170.0M
Capital Expenditures $19.00M $10.00M
Free Cash Flow $142.0M $160.0M
YoY Change -329.03% -31.62%

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SharesPaidForTaxWithholdingForShareBasedCompensation
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kbr Share Based Payment Arrangement Shares Withheld For Tax Withholding Obligation Share Price
ShareBasedPaymentArrangementSharesWithheldForTaxWithholdingObligationSharePrice
53.93
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
12000000 usd
CY2023Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1298723 shares
CY2023Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
58.25
CY2023Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
76000000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2436891 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
56.03
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
137000000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
106000000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-351000000 usd
us-gaap Net Income Loss
NetIncomeLoss
199000000 usd
us-gaap Net Income Loss
NetIncomeLoss
-265000000 usd
CY2024Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 usd
CY2023Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1000000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
106000000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-351000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
198000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-265000000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
106000000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-351000000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
198000000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-265000000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
134000000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
134000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136000000 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
134000000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
135000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
135000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136000000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.79
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.60
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.48
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.95
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.60
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.47
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.95
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
33000000 usd
kbr Maximum Lengthof Time Hedgedin Balance Sheet Hedge
MaximumLengthofTimeHedgedinBalanceSheetHedge
P16D
CY2024Q2 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
0 usd
CY2023Q2 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
1000000 usd
us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
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us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
1000000 usd
CY2024Q2 us-gaap Change In Unrealized Gain Loss On Hedged Item In Foreign Currency Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInForeignCurrencyFairValueHedge1
-2000000 usd
CY2023Q2 us-gaap Change In Unrealized Gain Loss On Hedged Item In Foreign Currency Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInForeignCurrencyFairValueHedge1
-2000000 usd
us-gaap Change In Unrealized Gain Loss On Hedged Item In Foreign Currency Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInForeignCurrencyFairValueHedge1
-1000000 usd
us-gaap Change In Unrealized Gain Loss On Hedged Item In Foreign Currency Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInForeignCurrencyFairValueHedge1
-4000000 usd
CY2024Q2 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
-2000000 usd
CY2023Q2 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
-1000000 usd
us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
-2000000 usd
us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
-3000000 usd
kbr Transfer Of Financial Assets Accounted For As Sales Sale Of Receivables Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesSaleOfReceivablesAmountDerecognized
1555000000 usd
us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
1534000000 usd
CY2023Q4 kbr Transfer Of Financial Assets Accounted For As Sales Net Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesNetAmountDerecognized
135000000 usd
CY2022Q4 kbr Transfer Of Financial Assets Accounted For As Sales Net Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesNetAmountDerecognized
134000000 usd
kbr Transfer Of Financial Assets Accounted For As Sales Sale Of Receivables Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesSaleOfReceivablesAmountDerecognized
1555000000 usd
kbr Transfer Of Financial Assets Accounted For As Sales Sale Of Receivables Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesSaleOfReceivablesAmountDerecognized
1550000000 usd
kbr Transfer Of Financial Assets Accounted For As Sales Settlement Of Receivables Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesSettlementOfReceivablesAmountDerecognized
1564000000 usd
kbr Transfer Of Financial Assets Accounted For As Sales Settlement Of Receivables Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesSettlementOfReceivablesAmountDerecognized
1497000000 usd
kbr Transfer Of Financial Assets Accounted For As Sales Cash Collection Not Yet Remitted Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesCashCollectionNotYetRemittedAmountDerecognized
4000000 usd
kbr Transfer Of Financial Assets Accounted For As Sales Cash Collection Not Yet Remitted Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesCashCollectionNotYetRemittedAmountDerecognized
0 usd
CY2024Q2 kbr Transfer Of Financial Assets Accounted For As Sales Net Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesNetAmountDerecognized
122000000 usd
CY2023Q2 kbr Transfer Of Financial Assets Accounted For As Sales Net Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesNetAmountDerecognized
187000000 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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