2024 Q4 Form 10-Q Financial Statement

#000180883424000113 Filed on October 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024 Q2
Revenue $606.1M $592.2M
YoY Change 3.99% -0.12%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $149.6M $142.3M
YoY Change 8.44% 1.79%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $407.3M $391.3M
YoY Change 4.49% -0.38%
% of Gross Profit
Operating Expenses $556.9M $533.6M
YoY Change 5.52% 0.19%
Operating Profit $49.23M $55.68M
YoY Change -10.3% -6.1%
Interest Expense -$7.384M -$7.339M
YoY Change 8.99% 0.77%
% of Operating Profit -15.0% -13.18%
Other Income/Expense, Net
YoY Change
Pretax Income $41.85M $48.34M
YoY Change -13.02% -7.07%
Income Tax -$42.12M $14.57M
% Of Pretax Income -100.64% 30.13%
Net Earnings $83.96M $33.77M
YoY Change 139.81% -9.25%
Net Earnings / Revenue 13.85% 5.7%
Basic Earnings Per Share $1.99 $0.79
Diluted Earnings Per Share $1.94 $0.77
COMMON SHARES
Basic Shares Outstanding 41.54M shares 42.32M shares 43.17M shares
Diluted Shares Outstanding 43.17M shares 43.72M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $221.7M $250.1M
YoY Change -24.78% -1.07%
Cash & Equivalents $221.7M $250.1M
Short-Term Investments
Other Short-Term Assets $52.20M $37.44M
YoY Change 52.04% 0.26%
Inventory
Prepaid Expenses
Receivables $67.21M $61.45M
Other Receivables $0.00 $0.00
Total Short-Term Assets $341.1M $349.0M
YoY Change -11.37% 1.63%
LONG-TERM ASSETS
Property, Plant & Equipment $21.40M $21.51M
YoY Change -10.54% -96.31%
Goodwill $296.1M $296.1M
YoY Change 0.0% 0.0%
Intangibles $77.78M $81.78M
YoY Change -20.08% -20.58%
Long-Term Investments
YoY Change
Other Assets $2.368M $2.368M
YoY Change -16.94% -16.97%
Total Long-Term Assets $1.105B $1.112B
YoY Change 0.09% -2.45%
TOTAL ASSETS
Total Short-Term Assets $341.1M $349.0M
Total Long-Term Assets $1.105B $1.112B
Total Assets $1.446B $1.461B
YoY Change -2.88% -1.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.84M $28.76M
YoY Change -28.43% 220.72%
Accrued Expenses $90.13M $136.5M
YoY Change -37.38% -1.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $140.6M $204.8M
YoY Change -27.63% 12.61%
LONG-TERM LIABILITIES
Long-Term Debt $593.2M $586.8M
YoY Change 0.22% -0.81%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $593.2M $586.8M
YoY Change 0.22% -0.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $140.6M $204.8M
Total Long-Term Liabilities $593.2M $586.8M
Total Liabilities $815.5M $878.9M
YoY Change -8.47% -1.19%
SHAREHOLDERS EQUITY
Retained Earnings $1.417B $1.338B
YoY Change 11.18% 7.96%
Common Stock $395.2M $388.6M
YoY Change 1.63% 1.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $630.8M $581.9M
YoY Change
Total Liabilities & Shareholders Equity $1.446B $1.461B
YoY Change -2.88% -1.51%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $83.96M $33.77M
YoY Change 139.81% -9.25%
Depreciation, Depletion And Amortization $407.3M $391.3M
YoY Change 4.49% -0.38%
Cash From Operating Activities $31.89M $55.39M
YoY Change -63.42% 15.5%
INVESTING ACTIVITIES
Capital Expenditures $2.038M $1.903M
YoY Change -20.51% -29.78%
Acquisitions
YoY Change
Other Investing Activities -$15.79M -$12.32M
YoY Change 183.4% 68.1%
Cash From Investing Activities -$17.83M -$14.23M
YoY Change 119.13% 41.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -42.47M -43.86M
YoY Change 14.54% 25.58%
NET CHANGE
Cash From Operating Activities 31.89M 55.39M
Cash From Investing Activities -17.83M -14.23M
Cash From Financing Activities -42.47M -43.86M
Net Change In Cash -28.41M -2.692M
YoY Change -167.72% -189.91%
FREE CASH FLOW
Cash From Operating Activities $31.89M $55.39M
Capital Expenditures $2.038M $1.903M
Free Cash Flow $29.85M $53.49M
YoY Change -64.72% 18.21%

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FinancingReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
3018000 usd
prg Financing Receivable Originated More Than Two Years Before Current Fiscal Year Write Off
FinancingReceivableOriginatedMoreThanTwoYearsBeforeCurrentFiscalYearWriteOff
0 usd
us-gaap Financing Receivable Revolving Writeoff
FinancingReceivableRevolvingWriteoff
31316000 usd
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
41170000 usd
CY2024Q3 us-gaap Financing Receivable Percent Past Due1
FinancingReceivablePercentPastDue1
0.170
CY2023Q4 us-gaap Financing Receivable Percent Past Due1
FinancingReceivablePercentPastDue1
0.165
prg Financing Receivable Percent Current
FinancingReceivablePercentCurrent
0.830
CY2023 prg Financing Receivable Percent Current
FinancingReceivablePercentCurrent
0.835
CY2024Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
4462000 usd
CY2023Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
4482000 usd
CY2024Q3 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 usd
CY2023Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
40242000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
38946000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
40620000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
42428000 usd
CY2024Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
15133000 usd
CY2023Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
10521000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
38217000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
28026000 usd
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
13992000 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
10968000 usd
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
41170000 usd
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
34588000 usd
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1858000 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1690000 usd
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
5574000 usd
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
4323000 usd
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
43241000 usd
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
43241000 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
40189000 usd
CY2024Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
100000 usd
CY2023Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
1200000 usd
CY2024Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
0 usd
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
20900000 usd
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
42400000 usd
CY2024Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
6000 usd
CY2023Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
238000 usd
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
20906000 usd
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
1958000 usd
CY2023Q4 us-gaap Restructuring Reserve
RestructuringReserve
5175000 usd
us-gaap Restructuring Charges
RestructuringCharges
14888000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
17388000 usd
CY2024Q3 us-gaap Restructuring Reserve
RestructuringReserve
2675000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
3103000 usd
us-gaap Restructuring Charges
RestructuringCharges
1958000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
2661000 usd
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
2400000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q3 us-gaap Revenues
Revenues
606145000 usd
CY2023Q3 us-gaap Revenues
Revenues
582877000 usd
us-gaap Revenues
Revenues
1840176000 usd
us-gaap Revenues
Revenues
1830863000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
41847000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
48109000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
121753000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
167710000 usd
CY2024Q3 us-gaap Assets
Assets
1446340000 usd
CY2023Q4 us-gaap Assets
Assets
1491255000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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