2024 Q2 Form 10-Q Financial Statement

#000080248124000036 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $4.559B $4.362B
YoY Change 5.83% 4.71%
Cost Of Revenue $3.868B $3.978B
YoY Change -4.02% -0.36%
Gross Profit $691.6M $383.9M
YoY Change 148.41% 121.85%
Gross Profit Margin 15.17% 8.8%
Selling, General & Admin $214.2M $119.1M
YoY Change 44.28% -10.92%
% of Gross Profit 30.96% 31.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $99.90M $103.4M
YoY Change -4.73% 5.18%
% of Gross Profit 14.44% 26.92%
Operating Expenses $214.2M $119.1M
YoY Change 44.28% -10.92%
Operating Profit $440.8M $250.3M
YoY Change 239.1% 698.5%
Interest Expense $31.20M $41.24M
YoY Change -155.8% -3.33%
% of Operating Profit 7.08% 16.48%
Other Income/Expense, Net -$504.0K $3.286M
YoY Change -137.87% -85.49%
Pretax Income $427.2M $227.0M
YoY Change 835.08% -7173.85%
Income Tax $100.7M $52.06M
% Of Pretax Income 23.56% 22.93%
Net Earnings $326.3M $174.4M
YoY Change 439.74% 3262.66%
Net Earnings / Revenue 7.16% 4.0%
Basic Earnings Per Share $1.38 $0.74
Diluted Earnings Per Share $1.37 $0.73
COMMON SHARES
Basic Shares Outstanding 236.9M shares 236.8M shares
Diluted Shares Outstanding 237.7M shares 237.5M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.317B $870.8M
YoY Change 80.18% 477.9%
Cash & Equivalents $1.317B $870.8M
Short-Term Investments
Other Short-Term Assets $247.6M $246.4M
YoY Change -13.76% -7.49%
Inventory $1.806B $1.862B
Prepaid Expenses
Receivables $1.005B $1.003B
Other Receivables $135.8M $189.4M
Total Short-Term Assets $4.512B $4.172B
YoY Change 3.38% 9.14%
LONG-TERM ASSETS
Property, Plant & Equipment $3.123B $3.152B
YoY Change -7.24% 5.15%
Goodwill $1.258B $1.275B
YoY Change -1.92% 2.5%
Intangibles $828.9M $837.7M
YoY Change -4.51% -1.31%
Long-Term Investments
YoY Change
Other Assets $53.24M $45.96M
YoY Change 33.3% 170.67%
Total Long-Term Assets $5.566B $5.596B
YoY Change 0.16% 3.54%
TOTAL ASSETS
Total Short-Term Assets $4.512B $4.172B
Total Long-Term Assets $5.566B $5.596B
Total Assets $10.08B $9.768B
YoY Change 1.57% 5.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.212B $1.182B
YoY Change -14.0% -22.09%
Accrued Expenses $999.1M $876.2M
YoY Change 11.77% 1.56%
Deferred Revenue $67.18M $45.42M
YoY Change 9.71% -4.91%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $585.0K $650.0K
YoY Change -40.61% -97.53%
Total Short-Term Liabilities $2.484B $2.280B
YoY Change -2.28% -8.58%
LONG-TERM LIABILITIES
Long-Term Debt $3.183B $3.343B
YoY Change -13.96% 4.57%
Other Long-Term Liabilities $33.95M $32.89M
YoY Change -87.49% -48.7%
Total Long-Term Liabilities $33.95M $32.89M
YoY Change -99.15% -48.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.484B $2.280B
Total Long-Term Liabilities $33.95M $32.89M
Total Liabilities $6.333B $6.274B
YoY Change -7.73% -0.74%
SHAREHOLDERS EQUITY
Retained Earnings $2.572B $2.245B
YoY Change 41.69% 27.97%
Common Stock $2.621M $2.621M
YoY Change 0.08% 0.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.732B $3.481B
YoY Change
Total Liabilities & Shareholders Equity $10.08B $9.768B
YoY Change 1.57% 5.86%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $326.3M $174.4M
YoY Change 439.74% 3262.66%
Depreciation, Depletion And Amortization $99.90M $103.4M
YoY Change -4.73% 5.18%
Cash From Operating Activities $718.6M $271.0M
YoY Change 186.26% -267.61%
INVESTING ACTIVITIES
Capital Expenditures $104.8M $99.10M
YoY Change -32.34% -24.75%
Acquisitions
YoY Change
Other Investing Activities $2.334M $2.217M
YoY Change -89.12% -84.42%
Cash From Investing Activities -$102.5M -$106.2M
YoY Change -23.22% -9.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $153.0K
YoY Change -97.66%
Cash From Financing Activities -150.9M $1.256M
YoY Change -131.87% -95.33%
NET CHANGE
Cash From Operating Activities 718.6M $271.0M
Cash From Investing Activities -102.5M -$106.2M
Cash From Financing Activities -150.9M $1.256M
Net Change In Cash 465.2M $163.7M
YoY Change -21.3% -165.41%
FREE CASH FLOW
Cash From Operating Activities $718.6M $271.0M
Capital Expenditures $104.8M $99.10M
Free Cash Flow $613.8M $171.9M
YoY Change 538.61% -158.6%

Facts In Submission

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R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable