2023 Q3 Form 10-Q Financial Statement

#000162828023026605 Filed on August 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $572.8M $560.7M
YoY Change 15.48% 43.07%
Cost Of Revenue $447.5M $445.9M
YoY Change 11.01% 43.79%
Gross Profit $125.3M $114.8M
YoY Change 34.88% 40.34%
Gross Profit Margin 21.88% 20.47%
Selling, General & Admin $54.70M $62.60M
YoY Change -10.03% 102.59%
% of Gross Profit 43.66% 54.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $70.80M $68.80M
YoY Change 10.28% 178.54%
% of Gross Profit 56.5% 59.93%
Operating Expenses $54.70M $90.90M
YoY Change -10.03% 194.17%
Operating Profit $41.20M $23.90M
YoY Change 1960.0% -162.89%
Interest Expense -$32.10M -$32.50M
YoY Change 35.44% 371.01%
% of Operating Profit -77.91% -135.98%
Other Income/Expense, Net
YoY Change
Pretax Income $9.100M -$8.600M
YoY Change -141.94% -80.85%
Income Tax $7.800M -$8.900M
% Of Pretax Income 85.71%
Net Earnings $1.300M $300.0K
YoY Change -104.41% -101.47%
Net Earnings / Revenue 0.23% 0.05%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 419.0M shares 418.2M shares
Diluted Shares Outstanding 456.4M shares 455.2M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $164.9M $123.1M
YoY Change 25.78% -24.71%
Cash & Equivalents $164.9M $123.1M
Short-Term Investments
Other Short-Term Assets $112.7M $108.3M
YoY Change 16.31% 25.93%
Inventory
Prepaid Expenses
Receivables $361.8M $353.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $639.4M $584.9M
YoY Change 18.17% 2.49%
LONG-TERM ASSETS
Property, Plant & Equipment $249.0M $256.6M
YoY Change -4.93% 14.66%
Goodwill $2.629B $2.647B
YoY Change 3.14% 3.79%
Intangibles $1.362B $1.413B
YoY Change -13.08% -12.59%
Long-Term Investments
YoY Change
Other Assets $80.40M $134.3M
YoY Change -14.1% 92.41%
Total Long-Term Assets $4.401B $4.489B
YoY Change -3.07% -0.67%
TOTAL ASSETS
Total Short-Term Assets $639.4M $584.9M
Total Long-Term Assets $4.401B $4.489B
Total Assets $5.040B $5.074B
YoY Change -0.81% -0.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.10M $26.10M
YoY Change -19.6% -53.72%
Accrued Expenses $200.4M $186.8M
YoY Change 1.16% -14.66%
Deferred Revenue $9.200M $8.900M
YoY Change -65.28% 17.11%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $67.00M $62.60M
YoY Change 35.35% 50.84%
Total Short-Term Liabilities $337.7M $325.2M
YoY Change -2.4% -10.34%
LONG-TERM LIABILITIES
Long-Term Debt $1.646B $1.692B
YoY Change -4.75% -3.3%
Other Long-Term Liabilities $24.10M $130.5M
YoY Change 7.59% 672.19%
Total Long-Term Liabilities $1.670B $1.822B
YoY Change -4.59% 3.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $337.7M $325.2M
Total Long-Term Liabilities $1.670B $1.822B
Total Liabilities $2.297B $2.331B
YoY Change -0.72% -0.36%
SHAREHOLDERS EQUITY
Retained Earnings -$138.1M -$121.3M
YoY Change 62.85% 119.35%
Common Stock $4.400M $4.400M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.743B $2.743B
YoY Change
Total Liabilities & Shareholders Equity $5.040B $5.074B
YoY Change -0.81% -0.31%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $1.300M $300.0K
YoY Change -104.41% -101.47%
Depreciation, Depletion And Amortization $70.80M $68.80M
YoY Change 10.28% 178.54%
Cash From Operating Activities $109.2M $57.40M
YoY Change 320.0% -159.54%
INVESTING ACTIVITIES
Capital Expenditures $32.40M $25.30M
YoY Change -201.57% -177.37%
Acquisitions
YoY Change
Other Investing Activities $4.000M $3.700M
YoY Change -100.44%
Cash From Investing Activities -$28.40M -$21.60M
YoY Change -10.97% -97.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -38.40M -16.70M
YoY Change 47.69% -101.64%
NET CHANGE
Cash From Operating Activities 109.2M 57.40M
Cash From Investing Activities -28.40M -21.60M
Cash From Financing Activities -38.40M -16.70M
Net Change In Cash 42.40M 19.10M
YoY Change -232.92% -53.75%
FREE CASH FLOW
Cash From Operating Activities $109.2M $57.40M
Capital Expenditures $32.40M $25.30M
Free Cash Flow $76.80M $32.10M
YoY Change 32.64% -150.39%

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