2024 Q4 Form 10-Q Financial Statement

#000005955824000065 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $4.111B
YoY Change -2.19%
Cost Of Revenue $1.937B
YoY Change -9.99%
Gross Profit $2.174B
YoY Change 6.0%
Gross Profit Margin 52.88%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $253.0M
YoY Change 2.43%
% of Gross Profit 11.64%
Operating Expenses $4.071B
YoY Change -9.07%
Operating Profit -$1.897B
YoY Change -21.81%
Interest Expense -$86.00M
YoY Change 2.38%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$703.0M
YoY Change -167.99%
Income Tax -$175.0M
% Of Pretax Income
Net Earnings -$528.0M
YoY Change -161.9%
Net Earnings / Revenue -12.84%
Basic Earnings Per Share -$3.29
Diluted Earnings Per Share -$3.29
COMMON SHARES
Basic Shares Outstanding 170.3M shares 170.2M shares
Diluted Shares Outstanding 172.8M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $6.013B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $1.144B
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $126.9B
YoY Change -3.03%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $396.8B
YoY Change 17.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $300.0M
YoY Change
Long-Term Debt Due $300.0M
YoY Change
Total Short-Term Liabilities $10.87B
YoY Change 35.1%
LONG-TERM LIABILITIES
Long-Term Debt $5.897B
YoY Change -0.14%
Other Long-Term Liabilities $14.85B
YoY Change -15.14%
Total Long-Term Liabilities $20.74B
YoY Change -11.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.87B
Total Long-Term Liabilities $20.74B
Total Liabilities $387.8B
YoY Change 15.7%
SHAREHOLDERS EQUITY
Retained Earnings $6.049B
YoY Change -0.87%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.013B
YoY Change
Total Liabilities & Shareholders Equity $396.8B
YoY Change 17.27%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$528.0M
YoY Change -161.9%
Depreciation, Depletion And Amortization $253.0M
YoY Change 2.43%
Cash From Operating Activities -$27.00M
YoY Change -158.7%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$702.0M
YoY Change -51.18%
Cash From Investing Activities -$702.0M
YoY Change -51.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.267B
YoY Change 728.1%
NET CHANGE
Cash From Operating Activities -27.00M
Cash From Investing Activities -702.0M
Cash From Financing Activities 1.267B
Net Change In Cash 538.0M
YoY Change -143.42%
FREE CASH FLOW
Cash From Operating Activities -$27.00M
Capital Expenditures
Free Cash Flow
YoY Change

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us-gaap Debt Securities Available For Sale Excluding Accrued Interest Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
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us-gaap Debt Securities Available For Sale Excluding Accrued Interest Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
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CY2024Q3 lnc Fair Value Option Loans Held As Assets Amortized Cost Aggregate Amount In Nonaccrual Status
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CY2023Q4 lnc Fair Value Option Loans Held As Assets Amortized Cost Aggregate Amount In Nonaccrual Status
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CY2024Q3 lnc Number Of Partnerships In Alternative Investment Portfolio
NumberOfPartnershipsInAlternativeInvestmentPortfolio
361 investment
CY2023Q4 lnc Number Of Partnerships In Alternative Investment Portfolio
NumberOfPartnershipsInAlternativeInvestmentPortfolio
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AlternativeInvestmentsAsAPercentageOfOverallInvestedAssets
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CY2023 lnc Alternative Investments As A Percentage Of Overall Invested Assets
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CY2024Q3 lnc Collateral Payable Held For Derivative Investments Fair Value
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CY2023Q4 lnc Collateral Payable Held For Derivative Investments Carrying Value
CollateralPayableHeldForDerivativeInvestmentsCarryingValue
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CY2023Q4 lnc Collateral Payable Held For Derivative Investments Fair Value
CollateralPayableHeldForDerivativeInvestmentsFairValue
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CY2024Q3 lnc Securities Pledged Under Securities Lending Agreements Fair Value
SecuritiesPledgedUnderSecuritiesLendingAgreementsFairValue
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CY2023Q4 lnc Securities Pledged Under Securities Lending Agreements Fair Value
SecuritiesPledgedUnderSecuritiesLendingAgreementsFairValue
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CY2024Q3 lnc Securities Pledged For Federal Home Loan Bank Of Indianapolis Carrying Value
SecuritiesPledgedForFederalHomeLoanBankOfIndianapolisCarryingValue
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CY2024Q3 lnc Securities Pledged For Federal Home Loan Bank Of Indianapolis Fair Value
SecuritiesPledgedForFederalHomeLoanBankOfIndianapolisFairValue
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CY2023Q4 lnc Securities Pledged For Federal Home Loan Bank Of Indianapolis Carrying Value
SecuritiesPledgedForFederalHomeLoanBankOfIndianapolisCarryingValue
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CY2023Q4 lnc Securities Pledged For Federal Home Loan Bank Of Indianapolis Fair Value
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DepositsReceivedForSecuritiesLoanedAtCarryingValue
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CY2024Q3 lnc Total Payables For Collateral On Investment Fair Value
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CY2023Q4 lnc Total Payables For Collateral On Investment Fair Value
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CY2024Q3 lnc Collateral Obtained Percent Of Fair Value Securities Lending Agreements Domestic
CollateralObtainedPercentOfFairValueSecuritiesLendingAgreementsDomestic
1.02
CY2024Q3 lnc Collateral Obtained Percent Of Fair Value Securities Lending Agreements Foreign
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1.05
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lnc Increase Decrease In Cash Collateral For Derivative Investments
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lnc Increase Decrease In Cash Collateral For Securities Lending Agreements
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lnc Increase Decrease In Cash Collateral For Securities Lending Agreements
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lnc Increase Decrease In Cash Collateral For Securities Pledged For Fhlbi
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lnc Increase Decrease In Cash Collateral For Securities Pledged For Fhlbi
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lnc Increase Decrease In Collateral For Loaned Securities
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lnc Increase Decrease In Collateral For Loaned Securities
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CY2024Q3 lnc Investment Commitments
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InvestmentCommitmentsLimitedPartnerships
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InvestmentCommitmentsMortgageLoans
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CY2024Q3 lnc Investment Commitments Limited Private Placements
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CY2024Q3 lnc Remaining Life Less Than1 Year
RemainingLifeLessThan1Year
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CY2024Q3 lnc Remaining Life6 To10 Years
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CY2024Q3 lnc Remaining Life Over30 Years
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CY2024Q3 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
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us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
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CY2024Q3 us-gaap Number Of Credit Risk Derivatives Held
NumberOfCreditRiskDerivativesHeld
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CY2024Q3 us-gaap Credit Derivative Maximum Exposure Undiscounted
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CY2024Q3 us-gaap Credit Derivative Maximum Exposure Undiscounted
CreditDerivativeMaximumExposureUndiscounted
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CY2023Q4 us-gaap Credit Derivative Maximum Exposure Undiscounted
CreditDerivativeMaximumExposureUndiscounted
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CY2024Q3 lnc Credit Derivative Maximum Exposure Counterparty Thresholds
CreditDerivativeMaximumExposureCounterpartyThresholds
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CY2023Q4 lnc Credit Derivative Maximum Exposure Counterparty Thresholds
CreditDerivativeMaximumExposureCounterpartyThresholds
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CY2024Q3 lnc Credit Derivative Maximum Exposure Net Of Counterparty Thresholds
CreditDerivativeMaximumExposureNetOfCounterpartyThresholds
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CY2023Q4 lnc Credit Derivative Maximum Exposure Net Of Counterparty Thresholds
CreditDerivativeMaximumExposureNetOfCounterpartyThresholds
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CY2024Q3 lnc Credit Derivative Counterparty Collateral Without Netting Arrangements
CreditDerivativeCounterpartyCollateralWithoutNettingArrangements
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CY2024Q3 us-gaap Derivative Collateral Obligation To Return Cash
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CY2024Q3 us-gaap Derivative Collateral Right To Reclaim Cash
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CY2024Q3 us-gaap Derivative Liability Fair Value Gross Asset
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CY2024Q3 us-gaap Derivative Collateral Right To Reclaim Cash
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CY2024Q3 us-gaap Derivative Collateral Right To Reclaim Securities
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CY2024Q3 us-gaap Derivative Liability Fair Value After Offset And Deduction Subject To Master Netting Arrangement
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CY2024Q3 lnc Excess Non Cash Collateral Received
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CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
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CY2023Q4 us-gaap Derivative Collateral Obligation To Return Cash
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CY2023Q4 us-gaap Derivative Collateral Obligation To Return Securities
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CY2023Q4 us-gaap Derivative Liability Fair Value Gross Asset
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CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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CY2023Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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CY2023Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
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CY2023Q4 us-gaap Derivative Liability Fair Value After Offset And Deduction Subject To Master Netting Arrangement
DerivativeLiabilityFairValueAfterOffsetAndDeductionSubjectToMasterNettingArrangement
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CY2023Q4 lnc Excess Non Cash Collateral Received
ExcessNonCashCollateralReceived
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CY2023Q4 lnc Excess Non Cash Collateral Pledged
ExcessNonCashCollateralPledged
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CY2024Q3 lnc Deferred Policy Acquisition Costs Value Of Business Acquired And Deferred Sales Inducements
DeferredPolicyAcquisitionCostsValueOfBusinessAcquiredAndDeferredSalesInducements
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CY2023Q4 lnc Deferred Policy Acquisition Costs Value Of Business Acquired And Deferred Sales Inducements
DeferredPolicyAcquisitionCostsValueOfBusinessAcquiredAndDeferredSalesInducements
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CY2024Q3 lnc Deferred Front End Loads
DeferredFrontEndLoads
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CY2023Q4 lnc Deferred Front End Loads
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CY2024Q3 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
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us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
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CY2023Q3 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
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us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
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CY2024Q3 lnc Present Value Of Future Insurance Profits Other Amortization Expense
PresentValueOfFutureInsuranceProfitsOtherAmortizationExpense
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lnc Present Value Of Future Insurance Profits Other Amortization Expense
PresentValueOfFutureInsuranceProfitsOtherAmortizationExpense
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CY2023Q3 lnc Present Value Of Future Insurance Profits Other Amortization Expense
PresentValueOfFutureInsuranceProfitsOtherAmortizationExpense
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lnc Present Value Of Future Insurance Profits Other Amortization Expense
PresentValueOfFutureInsuranceProfitsOtherAmortizationExpense
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lnc Debt Securities Available For Sale Intent To Sell Impairments
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CY2024Q3 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
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CY2023Q3 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
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us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
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us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
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CY2024Q3 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
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CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
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CY2024Q3 lnc Deferred Sales Inducements Net Amortization Expense Other Amortization Net Of Interest
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us-gaap Extinguishment Of Debt Amount
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CY2024Q3 us-gaap Assets Fair Value Disclosure
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CY2024Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
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CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
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CY2023Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Net
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FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Net
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Net
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CY2023Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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CY2024Q3 lnc Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Maturities Settlements Calls
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Issues
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
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CY2024Q3 us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
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CY2023Q3 us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
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us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
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us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
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CY2024Q3 us-gaap Fair Value Asset Recurring Basis Still Held Unrealized Gain Loss Oci
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us-gaap Fair Value Asset Recurring Basis Still Held Unrealized Gain Loss Oci
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us-gaap Fair Value Asset Recurring Basis Still Held Unrealized Gain Loss Oci
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CY2024Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
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CY2024Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
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CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
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CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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CY2024Q3 us-gaap Loss Contingency Estimate Of Possible Loss
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CY2024Q1 us-gaap Loss Contingency Accrual At Carrying Value
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CY2024Q1 us-gaap Loss Contingency Accrual At Carrying Value
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CY2024Q3 us-gaap Preferred Stock Shares Authorized
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CY2024Q3 us-gaap Preferred Stock Shares Issued
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us-gaap Gain Loss On Sale Of Business
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CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.18
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.04
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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