2024 Q3 Form 10-Q Financial Statement

#000175707324000066 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $601.0M $633.1M
YoY Change -4.8% -4.42%
Cost Of Revenue $283.7M $306.5M
YoY Change 5.86% 9.86%
Gross Profit $317.3M $326.6M
YoY Change -12.66% -14.81%
Gross Profit Margin 52.8% 51.59%
Selling, General & Admin $270.9M $302.5M
YoY Change 5.12% 10.85%
% of Gross Profit 85.38% 92.62%
Research & Development $25.50M $23.60M
YoY Change 14.35% 31.11%
% of Gross Profit 8.04% 7.23%
Depreciation & Amortization $29.20M $34.00M
YoY Change -10.98% 1.49%
% of Gross Profit 9.2% 10.41%
Operating Expenses $296.4M $326.1M
YoY Change 5.86% 12.1%
Operating Profit $20.90M -$1.153B
YoY Change -74.91% -1346.81%
Interest Expense -$11.90M -$13.20M
YoY Change -177.27% -24.14%
% of Operating Profit -56.94%
Other Income/Expense, Net $600.0K -$1.100M
YoY Change -101.87% -115.49%
Pretax Income $9.600M -$1.166B
YoY Change -73.18% -1799.85%
Income Tax $1.400M -$14.50M
% Of Pretax Income 14.58%
Net Earnings $8.200M -$1.152B
YoY Change -61.86% -2318.88%
Net Earnings / Revenue 1.36% -181.9%
Basic Earnings Per Share $0.05 -$6.69
Diluted Earnings Per Share $0.05 -$6.69
COMMON SHARES
Basic Shares Outstanding 171.9M shares 171.9M shares
Diluted Shares Outstanding 172.9M shares 172.1M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $991.3M $1.036B
YoY Change 20.27% 59.0%
Cash & Equivalents $991.3M $1.036B
Short-Term Investments
Other Short-Term Assets $148.0M $141.3M
YoY Change 22.72% 13.04%
Inventory $265.6M $263.8M
Prepaid Expenses
Receivables $392.1M $380.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.797B $1.822B
YoY Change 9.53% 22.37%
LONG-TERM ASSETS
Property, Plant & Equipment $291.5M $290.8M
YoY Change -4.11% -32.32%
Goodwill $2.334B $2.284B
YoY Change -32.51% -34.64%
Intangibles $696.1M $698.1M
YoY Change -30.49% -33.07%
Long-Term Investments
YoY Change
Other Assets $250.6M $218.6M
YoY Change 63.9% 44.1%
Total Long-Term Assets $3.714B $3.616B
YoY Change -26.36% -29.35%
TOTAL ASSETS
Total Short-Term Assets $1.797B $1.822B
Total Long-Term Assets $3.714B $3.616B
Total Assets $5.511B $5.438B
YoY Change -17.55% -17.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $172.1M $172.4M
YoY Change 2.08% -2.49%
Accrued Expenses $377.8M $344.4M
YoY Change 12.61% 6.92%
Deferred Revenue $137.2M $112.8M
YoY Change 35.98% 9.94%
Short-Term Debt $115.8M $115.7M
YoY Change 0.61%
Long-Term Debt Due $115.8M $115.7M
YoY Change 0.61% -77.38%
Total Short-Term Liabilities $865.5M $821.4M
YoY Change 15.89% -28.62%
LONG-TERM LIABILITIES
Long-Term Debt $1.306B $1.389B
YoY Change -5.46% 58.6%
Other Long-Term Liabilities $149.7M $147.5M
YoY Change -0.53% -45.33%
Total Long-Term Liabilities $1.455B $1.536B
YoY Change -4.98% 34.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $865.5M $821.4M
Total Long-Term Liabilities $1.455B $1.536B
Total Liabilities $2.321B $2.358B
YoY Change 1.87% 2.67%
SHAREHOLDERS EQUITY
Retained Earnings -$488.6M -$496.8M
YoY Change -157.58% -160.07%
Common Stock $1.700M $1.700M
YoY Change 0.0% 6.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.073B $2.977B
YoY Change
Total Liabilities & Shareholders Equity $5.511B $5.438B
YoY Change -17.55% -17.69%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $8.200M -$1.152B
YoY Change -61.86% -2318.88%
Depreciation, Depletion And Amortization $29.20M $34.00M
YoY Change -10.98% 1.49%
Cash From Operating Activities $70.70M $93.10M
YoY Change -25.97% 23.97%
INVESTING ACTIVITIES
Capital Expenditures $7.400M $6.800M
YoY Change -59.78% -51.77%
Acquisitions
YoY Change
Other Investing Activities -$23.20M $900.0K
YoY Change 251.52% -92.04%
Cash From Investing Activities -$30.60M -$5.900M
YoY Change 22.4% 110.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -100.5M 300.0K
YoY Change -187.77% -88.46%
NET CHANGE
Cash From Operating Activities 70.70M 93.10M
Cash From Investing Activities -30.60M -5.900M
Cash From Financing Activities -100.5M 300.0K
Net Change In Cash -60.40M 87.50M
YoY Change -132.65% 16.82%
FREE CASH FLOW
Cash From Operating Activities $70.70M $93.10M
Capital Expenditures $7.400M $6.800M
Free Cash Flow $63.30M $86.30M
YoY Change -17.9% 41.48%

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