2024 Q4 Form 10-Q Financial Statement

#000175707324000078 Filed on October 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $601.0M
YoY Change -4.8%
Cost Of Revenue $283.7M
YoY Change 5.86%
Gross Profit $317.3M
YoY Change -12.66%
Gross Profit Margin 52.8%
Selling, General & Admin $270.9M
YoY Change 5.12%
% of Gross Profit 85.38%
Research & Development $25.50M
YoY Change 14.35%
% of Gross Profit 8.04%
Depreciation & Amortization $29.20M
YoY Change -10.98%
% of Gross Profit 9.2%
Operating Expenses $296.4M
YoY Change 5.86%
Operating Profit $20.90M
YoY Change -74.91%
Interest Expense -$11.90M
YoY Change -177.27%
% of Operating Profit -56.94%
Other Income/Expense, Net $600.0K
YoY Change -101.87%
Pretax Income $9.600M
YoY Change -73.18%
Income Tax $1.400M
% Of Pretax Income 14.58%
Net Earnings $8.200M
YoY Change -61.86%
Net Earnings / Revenue 1.36%
Basic Earnings Per Share $0.05
Diluted Earnings Per Share $0.05
COMMON SHARES
Basic Shares Outstanding 172.1M shares 171.9M shares
Diluted Shares Outstanding 172.9M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $991.3M
YoY Change 20.27%
Cash & Equivalents $991.3M
Short-Term Investments
Other Short-Term Assets $148.0M
YoY Change 22.72%
Inventory $265.6M
Prepaid Expenses
Receivables $392.1M
Other Receivables $0.00
Total Short-Term Assets $1.797B
YoY Change 9.53%
LONG-TERM ASSETS
Property, Plant & Equipment $291.5M
YoY Change -4.11%
Goodwill $2.334B
YoY Change -32.51%
Intangibles $696.1M
YoY Change -30.49%
Long-Term Investments
YoY Change
Other Assets $250.6M
YoY Change 63.9%
Total Long-Term Assets $3.714B
YoY Change -26.36%
TOTAL ASSETS
Total Short-Term Assets $1.797B
Total Long-Term Assets $3.714B
Total Assets $5.511B
YoY Change -17.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $172.1M
YoY Change 2.08%
Accrued Expenses $377.8M
YoY Change 12.61%
Deferred Revenue $137.2M
YoY Change 35.98%
Short-Term Debt $115.8M
YoY Change 0.61%
Long-Term Debt Due $115.8M
YoY Change 0.61%
Total Short-Term Liabilities $865.5M
YoY Change 15.89%
LONG-TERM LIABILITIES
Long-Term Debt $1.306B
YoY Change -5.46%
Other Long-Term Liabilities $149.7M
YoY Change -0.53%
Total Long-Term Liabilities $1.455B
YoY Change -4.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $865.5M
Total Long-Term Liabilities $1.455B
Total Liabilities $2.321B
YoY Change 1.87%
SHAREHOLDERS EQUITY
Retained Earnings -$488.6M
YoY Change -157.58%
Common Stock $1.700M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.073B
YoY Change
Total Liabilities & Shareholders Equity $5.511B
YoY Change -17.55%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $8.200M
YoY Change -61.86%
Depreciation, Depletion And Amortization $29.20M
YoY Change -10.98%
Cash From Operating Activities $70.70M
YoY Change -25.97%
INVESTING ACTIVITIES
Capital Expenditures $7.400M
YoY Change -59.78%
Acquisitions
YoY Change
Other Investing Activities -$23.20M
YoY Change 251.52%
Cash From Investing Activities -$30.60M
YoY Change 22.4%
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
YoY Change -187.77%
NET CHANGE
Cash From Operating Activities 70.70M
Cash From Investing Activities -30.60M
Cash From Financing Activities -100.5M
Net Change In Cash -60.40M
YoY Change -132.65%
FREE CASH FLOW
Cash From Operating Activities $70.70M
Capital Expenditures $7.400M
Free Cash Flow $63.30M
YoY Change -17.9%

Facts In Submission

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dei Entity Current Reporting Status
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dei Entity Emerging Growth Company
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CY2024Q3 us-gaap Operating Income Loss
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CY2023Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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us-gaap Other Nonoperating Income Expense
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us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2024Q3 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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CY2024Q3 us-gaap Interest Income Expense Nonoperating Net
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CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2024Q3 us-gaap Assets
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CY2023Q4 us-gaap Assets
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CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
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CY2024Q3 ecd Rule10b51 Arr Adopted Flag
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us-gaap Interest Income Expense Nonoperating Net
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CY2024Q3 us-gaap Assets
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CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
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CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
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