2023 Q3 Form 10-Q Financial Statement

#000076462223000094 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $1.638B $1.122B
YoY Change 11.42% 5.65%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $219.6M $207.9M
YoY Change 5.65% 3.17%
% of Gross Profit
Operating Expenses $1.121B $938.4M
YoY Change 6.58% 11.91%
Operating Profit $516.3M $183.3M
YoY Change 23.63% -17.85%
Interest Expense $87.82M -$62.51M
YoY Change 38.31% -200.45%
% of Operating Profit 17.01% -34.11%
Other Income/Expense, Net $31.12M $6.095M
YoY Change 6.28% -82.3%
Pretax Income $459.6M $126.9M
YoY Change 19.88% -35.04%
Income Tax $57.05M $15.90M
% Of Pretax Income 12.41% 12.53%
Net Earnings $402.5M $106.7M
YoY Change 21.74% -36.74%
Net Earnings / Revenue 24.58% 9.51%
Basic Earnings Per Share $3.51 $0.94
Diluted Earnings Per Share $3.50 $0.94
COMMON SHARES
Basic Shares Outstanding 113.3M shares 113.3M shares
Diluted Shares Outstanding 113.8M shares 113.7M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.11M $7.658M
YoY Change 114.85% -73.76%
Cash & Equivalents $15.11M $7.658M
Short-Term Investments
Other Short-Term Assets $108.3M $892.3M
YoY Change 66.59% 895.78%
Inventory $493.8M $492.8M
Prepaid Expenses
Receivables $644.3M $454.7M
Other Receivables $0.00 $4.240M
Total Short-Term Assets $2.162B $1.852B
YoY Change 7.21% 2.98%
LONG-TERM ASSETS
Property, Plant & Equipment $15.62B $18.49B
YoY Change 7.9% 27.52%
Goodwill
YoY Change
Intangibles $249.5M $255.6M
YoY Change 1.13% -3.8%
Long-Term Investments
YoY Change
Other Assets $102.9M $3.382B
YoY Change -15.23% 2776.58%
Total Long-Term Assets $22.27B $22.13B
YoY Change 6.94% 6.88%
TOTAL ASSETS
Total Short-Term Assets $2.162B $1.852B
Total Long-Term Assets $22.27B $22.13B
Total Assets $24.43B $23.98B
YoY Change 6.96% 6.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $405.0M $436.8M
YoY Change -14.81% 0.11%
Accrued Expenses $166.8M $149.2M
YoY Change -12.46% -18.31%
Deferred Revenue $40.56M $41.59M
YoY Change -2.81% 0.3%
Short-Term Debt $424.0M $305.4M
YoY Change -9.17% -43.56%
Long-Term Debt Due $250.0M $318.9M
YoY Change 804.88%
Total Short-Term Liabilities $1.968B $1.933B
YoY Change -4.49% -4.44%
LONG-TERM LIABILITIES
Long-Term Debt $8.164B $8.164B
YoY Change 11.17% 12.75%
Other Long-Term Liabilities $288.7M $5.226B
YoY Change 15.82% 2008.53%
Total Long-Term Liabilities $8.453B $13.39B
YoY Change 11.32% 78.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.968B $1.933B
Total Long-Term Liabilities $8.453B $13.39B
Total Liabilities $10.42B $18.01B
YoY Change 7.95% 89.37%
SHAREHOLDERS EQUITY
Retained Earnings $3.666B $3.268B
YoY Change 2.4% 0.43%
Common Stock $2.745B $2.736B
YoY Change 0.89% 0.88%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.328M $5.328M
YoY Change 104.69% 79.03%
Treasury Stock Shares
Shareholders Equity $6.375B $5.967B
YoY Change
Total Liabilities & Shareholders Equity $24.43B $23.98B
YoY Change 6.96% 6.57%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $402.5M $106.7M
YoY Change 21.74% -36.74%
Depreciation, Depletion And Amortization $219.6M $207.9M
YoY Change 5.65% 3.17%
Cash From Operating Activities $396.3M $226.0M
YoY Change -10.67% -8.75%
INVESTING ACTIVITIES
Capital Expenditures $396.3M $473.0M
YoY Change -191.4% -204.74%
Acquisitions
YoY Change
Other Investing Activities $44.20M $42.49M
YoY Change 637.05% 33.93%
Cash From Investing Activities -$352.1M -$430.5M
YoY Change -17.66% 2.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -36.70M 205.2M
YoY Change -3.77% 9.48%
NET CHANGE
Cash From Operating Activities 396.3M 226.0M
Cash From Investing Activities -352.1M -430.5M
Cash From Financing Activities -36.70M 205.2M
Net Change In Cash 7.450M 707.0K
YoY Change -133.62% -95.36%
FREE CASH FLOW
Cash From Operating Activities $396.3M $226.0M
Capital Expenditures $396.3M $473.0M
Free Cash Flow -$48.00K -$247.0M
YoY Change -100.01% -135.32%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q2 us-gaap Operating Lease Liability
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CY2023Q2 pnw Lease Notyet Commenced Liability Leaseand Nonlease Payments
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us-gaap Operating Lease Payments
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2023Q1 pnw Number Of Purchase Power Operating Lease Agreements
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CY2022Q4 us-gaap Asset Retirement Obligation
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us-gaap Asset Retirement Obligation Accretion Expense
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us-gaap Asset Retirement Obligation Liabilities Settled
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2868000 usd
us-gaap Asset Retirement Obligation Revision Of Estimate
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22912000 usd
CY2023Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
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