2024 Q1 Form 10-Q Financial Statement

#000162828024019784 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q1
Revenue $275.4M
YoY Change 9.6%
Cost Of Revenue $254.0M
YoY Change 12.72%
Gross Profit $21.39M
YoY Change -17.53%
Gross Profit Margin 7.77%
Selling, General & Admin $10.27M
YoY Change -0.48%
% of Gross Profit 47.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.05M
YoY Change 7.95%
% of Gross Profit 84.37%
Operating Expenses $10.26M
YoY Change -0.48%
Operating Profit $11.13M
YoY Change -28.79%
Interest Expense $4.661M
YoY Change -21.69%
% of Operating Profit 41.88%
Other Income/Expense, Net -$548.0K
YoY Change -309.96%
Pretax Income -$862.0K
YoY Change -94.79%
Income Tax $9.922M
% Of Pretax Income
Net Earnings -$10.75M
YoY Change -59.59%
Net Earnings / Revenue -3.9%
Basic Earnings Per Share -$0.07
Diluted Earnings Per Share -$0.07
COMMON SHARES
Basic Shares Outstanding 157.6M shares
Diluted Shares Outstanding 157.0M shares

Balance Sheet

Concept 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $126.2M
YoY Change -3.38%
Cash & Equivalents $126.2M
Short-Term Investments
Other Short-Term Assets $41.80M
YoY Change 7.18%
Inventory
Prepaid Expenses $33.43M
Receivables $73.73M
Other Receivables $20.69M
Total Short-Term Assets $262.4M
YoY Change -6.06%
LONG-TERM ASSETS
Property, Plant & Equipment $567.5M
YoY Change 5.33%
Goodwill $672.5M
YoY Change 8.74%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $46.43M
YoY Change 11.09%
Total Long-Term Assets $1.914B
YoY Change 5.39%
TOTAL ASSETS
Total Short-Term Assets $262.4M
Total Long-Term Assets $1.914B
Total Assets $2.176B
YoY Change 3.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.82M
YoY Change 9.06%
Accrued Expenses $72.70M
YoY Change 24.55%
Deferred Revenue $121.3M
YoY Change 5.64%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $49.41M
YoY Change -0.27%
Total Short-Term Liabilities $474.1M
YoY Change 16.27%
LONG-TERM LIABILITIES
Long-Term Debt $176.6M
YoY Change -17.88%
Other Long-Term Liabilities $35.33M
YoY Change 8.61%
Total Long-Term Liabilities $211.9M
YoY Change -14.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $474.1M
Total Long-Term Liabilities $211.9M
Total Liabilities $1.244B
YoY Change -2.31%
SHAREHOLDERS EQUITY
Retained Earnings $17.41M
YoY Change 37.78%
Common Stock $621.0K
YoY Change -32.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $933.6M
YoY Change
Total Liabilities & Shareholders Equity $2.176B
YoY Change 3.86%

Cashflow Statement

Concept 2024 Q1
OPERATING ACTIVITIES
Net Income -$10.75M
YoY Change -59.59%
Depreciation, Depletion And Amortization $18.05M
YoY Change 7.95%
Cash From Operating Activities $33.15M
YoY Change 25.25%
INVESTING ACTIVITIES
Capital Expenditures $15.88M
YoY Change 172.31%
Acquisitions
YoY Change
Other Investing Activities -$106.0K
YoY Change -141.73%
Cash From Investing Activities -$15.99M
YoY Change 186.61%
FINANCING ACTIVITIES
Cash Dividend Paid $1.598M
YoY Change -31.06%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $26.55M
YoY Change 74.33%
Cash From Financing Activities $18.38M
YoY Change -13.07%
NET CHANGE
Cash From Operating Activities $33.15M
Cash From Investing Activities -$15.99M
Cash From Financing Activities $18.38M
Net Change In Cash $36.95M
YoY Change -18.8%
FREE CASH FLOW
Cash From Operating Activities $33.15M
Capital Expenditures $15.88M
Free Cash Flow $17.27M
YoY Change -16.32%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q1 laur Revenue Components As Percent Of Total Revenue
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CY2024Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
159145000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
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CY2024Q1 us-gaap Contract With Customer Liability Current
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CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
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CY2024Q1 us-gaap Number Of Operating Segments
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275372000 usd
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CY2023Q4 us-gaap Assets
Assets
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Goodwill
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GoodwillForeignCurrencyTranslationGainLoss
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CY2024Q1 us-gaap Goodwill
Goodwill
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CY2023Q4 us-gaap Debt Instrument Carrying Amount
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CY2024Q1 us-gaap Deferred Finance Costs Net
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CY2024Q1 us-gaap Loss Contingency Estimate Of Possible Loss
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1409000 usd
CY2024Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
33222000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2024Q1 laur Apic Share Based Payment Arrangement Equitable Adjustments
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CY2024Q1 us-gaap Profit Loss
ProfitLoss
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CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2024Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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26883000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
931210000 usd
CY2023Q1 laur Noncontrolling Interest Increase Decrease From Settlement Of Redeemable Noncontrolling Interest And Additional Purchases Of Noncontrolling Interests
NoncontrollingInterestIncreaseDecreaseFromSettlementOfRedeemableNoncontrollingInterestAndAdditionalPurchasesOfNoncontrollingInterests
-13000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-26762000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
72797000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
820932000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9922000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10195000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-10791000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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CY2024Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
-97000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
-155000 usd
CY2024Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
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-10694000 usd
CY2024Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
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-10694000 usd
CY2023Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
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CY2023Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
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CY2024Q1 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
-57000 usd
CY2024Q1 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
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CY2023Q1 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
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CY2023Q1 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
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CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2024Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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EarningsPerShareDiluted
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CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
126226000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
130636000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
89392000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7616000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8644000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133842000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
139280000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q1 ecd Rule10b51 Arr Adopted Flag
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CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
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NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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