2023 Q3 Form 10-Q Financial Statement

#000158199023000017 Filed on August 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $12.07B $11.60B
YoY Change -15.8% -29.08%
Cost Of Revenue $11.11B $10.54B
YoY Change -15.03% -31.19%
Gross Profit $965.0M $1.058B
YoY Change -23.72% 2.22%
Gross Profit Margin 7.99% 9.12%
Selling, General & Admin $93.00M $87.00M
YoY Change 10.71% 8.75%
% of Gross Profit 9.64% 8.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $261.0M $260.0M
YoY Change 9.21% 7.0%
% of Gross Profit 27.05% 24.57%
Operating Expenses $726.0M $680.0M
YoY Change 13.26% 7.94%
Operating Profit $232.0M $375.0M
YoY Change -62.82% -8.09%
Interest Expense $97.00M $95.00M
YoY Change -2.02% -4.04%
% of Operating Profit 41.81% 25.33%
Other Income/Expense, Net $0.00 $20.00M
YoY Change -100.0% -116.95%
Pretax Income $263.0M $389.0M
YoY Change -52.09% 31.86%
Income Tax -$5.000M $56.00M
% Of Pretax Income -1.9% 14.4%
Net Earnings $29.00M $48.00M
YoY Change -59.15% 54.84%
Net Earnings / Revenue 0.24% 0.41%
Basic Earnings Per Share
Diluted Earnings Per Share $0.15 $0.25
COMMON SHARES
Basic Shares Outstanding 196.0M shares 194.4M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $262.0M $936.0M
YoY Change -58.08% 246.67%
Cash & Equivalents $262.0M $936.0M
Short-Term Investments
Other Short-Term Assets $201.0M $137.0M
YoY Change -18.62% -51.93%
Inventory $617.0M $367.0M
Prepaid Expenses
Receivables $4.253B $3.220B
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.333B $4.660B
YoY Change -4.36% -30.07%
LONG-TERM ASSETS
Property, Plant & Equipment $16.86B $16.53B
YoY Change 6.31% 3.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.830B $3.062B
YoY Change -23.18% -18.84%
Other Assets $417.0M $386.0M
YoY Change 62.89% 45.11%
Total Long-Term Assets $23.66B $23.51B
YoY Change 1.95% -0.24%
TOTAL ASSETS
Total Short-Term Assets $5.333B $4.660B
Total Long-Term Assets $23.66B $23.51B
Total Assets $29.00B $28.17B
YoY Change 0.73% -6.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.146B $3.296B
YoY Change 3.73% -39.22%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $710.0M $709.0M
YoY Change 54.68% 12.54%
Total Short-Term Liabilities $5.608B $4.654B
YoY Change 5.12% -32.32%
LONG-TERM LIABILITIES
Long-Term Debt $7.296B $7.288B
YoY Change -8.64% -8.74%
Other Long-Term Liabilities $1.002B $1.059B
YoY Change -8.49% 6.86%
Total Long-Term Liabilities $8.578B $8.646B
YoY Change -8.56% -6.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.608B $4.654B
Total Long-Term Liabilities $8.578B $8.646B
Total Liabilities $14.19B $13.30B
YoY Change -3.6% -17.74%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.531B $1.568B
YoY Change
Total Liabilities & Shareholders Equity $29.00B $28.17B
YoY Change 0.73% -6.82%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $29.00M $48.00M
YoY Change -59.15% 54.84%
Depreciation, Depletion And Amortization $261.0M $260.0M
YoY Change 9.21% 7.0%
Cash From Operating Activities $83.00M $887.0M
YoY Change -91.18% 12.28%
INVESTING ACTIVITIES
Capital Expenditures $137.0M $145.0M
YoY Change -212.3% -262.92%
Acquisitions
YoY Change
Other Investing Activities -$301.0M -$19.00M
YoY Change 554.35% -140.43%
Cash From Investing Activities -$438.0M -$164.0M
YoY Change 160.71% 290.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -307.0M -324.0M
YoY Change -25.49% -45.73%
NET CHANGE
Cash From Operating Activities 83.00M 887.0M
Cash From Investing Activities -438.0M -164.0M
Cash From Financing Activities -307.0M -324.0M
Net Change In Cash -662.0M 399.0M
YoY Change -283.38% 164.24%
FREE CASH FLOW
Cash From Operating Activities $83.00M $887.0M
Capital Expenditures $137.0M $145.0M
Free Cash Flow -$54.00M $742.0M
YoY Change -105.08% -15.59%

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CY2022Q2 us-gaap Profit Loss
ProfitLoss
239000000 usd
us-gaap Profit Loss
ProfitLoss
776000000 usd
us-gaap Profit Loss
ProfitLoss
448000000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
285000000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
208000000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
659000000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
395000000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
48000000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
31000000 usd
us-gaap Net Income Loss
NetIncomeLoss
117000000 usd
us-gaap Net Income Loss
NetIncomeLoss
53000000 usd
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001581990-23-000017-index-headers.html Edgar Link pending
0001581990-23-000017-index.html Edgar Link pending
0001581990-23-000017.txt Edgar Link pending
0001581990-23-000017-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
pagp-20230630.htm Edgar Link pending
pagp-20230630.xsd Edgar Link pending
pagpq22023exhibit311.htm Edgar Link pending
pagpq22023exhibit312.htm Edgar Link pending
pagpq22023exhibit321.htm Edgar Link pending
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pagp-20230630_cal.xml Edgar Link unprocessable
pagp-20230630_def.xml Edgar Link unprocessable
pagp-20230630_lab.xml Edgar Link unprocessable
pagp-20230630_pre.xml Edgar Link unprocessable
pagp-20230630_htm.xml Edgar Link completed
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report.css Edgar Link pending
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