2024 Q2 Form 10-Q Financial Statement

#000155837024006512 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $613.3M $528.3M
YoY Change 21.48% 7.45%
Cost Of Revenue $316.6M $309.1M
YoY Change -2.39% 12.18%
Gross Profit $296.6M $219.3M
YoY Change 64.39% 1.42%
Gross Profit Margin 48.37% 41.51%
Selling, General & Admin $10.46M $13.39M
YoY Change 5.07% 24.17%
% of Gross Profit 3.53% 6.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $58.55M $57.20M
YoY Change 21.34% 18.29%
% of Gross Profit 19.74% 26.09%
Operating Expenses $69.01M $70.59M
YoY Change 18.56% 19.36%
Operating Profit $168.1M $96.38M
YoY Change 37.49% -8.77%
Interest Expense -$49.33M $60.44M
YoY Change 7.21% 42.13%
% of Operating Profit -29.35% 62.71%
Other Income/Expense, Net -$4.000K $321.0K
YoY Change -98.61% -236.02%
Pretax Income $116.9M $43.29M
YoY Change 58.7% -30.87%
Income Tax $12.20M $500.0K
% Of Pretax Income 10.43% 1.15%
Net Earnings $104.7M $42.76M
YoY Change 57.4% -29.89%
Net Earnings / Revenue 17.08% 8.09%
Basic Earnings Per Share $1.68 $0.72
Diluted Earnings Per Share $1.65 $0.67
COMMON SHARES
Basic Shares Outstanding 59.89M 59.71M
Diluted Shares Outstanding 63.22M 63.40M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $498.4M $465.3M
YoY Change -1.96% 46.09%
Cash & Equivalents $498.4M $465.3M
Short-Term Investments
Other Short-Term Assets $163.8M $163.6M
YoY Change 11.91% 15.99%
Inventory
Prepaid Expenses
Receivables $127.3M $125.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $789.4M $754.5M
YoY Change 3.89% 24.35%
LONG-TERM ASSETS
Property, Plant & Equipment $4.045B $3.988B
YoY Change 2.91% 26.05%
Goodwill
YoY Change
Intangibles $120.2M $122.3M
YoY Change -6.49% 16.77%
Long-Term Investments
YoY Change
Other Assets $122.9M $163.7M
YoY Change 16.45% 72.13%
Total Long-Term Assets $4.351B $4.335B
YoY Change 2.83% 26.46%
TOTAL ASSETS
Total Short-Term Assets $789.4M $754.5M
Total Long-Term Assets $4.351B $4.335B
Total Assets $5.140B $5.089B
YoY Change 2.99% 26.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $406.2M $394.3M
YoY Change 119.13% 18.74%
Accrued Expenses $130.4M $130.2M
YoY Change 2.13% 3.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $604.4M $591.9M
YoY Change 61.58% 18.27%
LONG-TERM LIABILITIES
Long-Term Debt $3.373B $3.378B
YoY Change -0.2% 17.82%
Other Long-Term Liabilities $233.3M $232.3M
YoY Change -40.77% -0.56%
Total Long-Term Liabilities $3.607B $3.610B
YoY Change -4.43% 16.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $604.4M $591.9M
Total Long-Term Liabilities $3.607B $3.610B
Total Liabilities $4.211B $4.202B
YoY Change -6.27% 16.25%
SHAREHOLDERS EQUITY
Retained Earnings -$881.6M -$917.5M
YoY Change -7.48% -4.34%
Common Stock $1.484B $1.486B
YoY Change -0.33% 35.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $562.6M $529.9M
YoY Change
Total Liabilities & Shareholders Equity $5.140B $5.089B
YoY Change 2.99% 26.14%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $104.7M $42.76M
YoY Change 57.4% -29.89%
Depreciation, Depletion And Amortization $58.55M $57.20M
YoY Change 21.34% 18.29%
Cash From Operating Activities $184.3M $7.473M
YoY Change 0.29% -76.43%
INVESTING ACTIVITIES
Capital Expenditures $105.5M $79.43M
YoY Change 154.83% 116.01%
Acquisitions
YoY Change
Other Investing Activities -$142.0K -$179.0K
YoY Change -99.98% -101.81%
Cash From Investing Activities -$105.6M -$79.25M
YoY Change -87.38% 63.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -75.28M -81.78M
YoY Change -108.82% 489.54%
NET CHANGE
Cash From Operating Activities 184.3M 7.473M
Cash From Investing Activities -105.6M -79.25M
Cash From Financing Activities -75.28M -81.78M
Net Change In Cash 3.397M -153.6M
YoY Change -98.3% 400.11%
FREE CASH FLOW
Cash From Operating Activities $184.3M $7.473M
Capital Expenditures $105.5M $79.43M
Free Cash Flow $78.82M -$71.96M
YoY Change -44.65% 1322.08%

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