2024 Q3 Form 10-Q Financial Statement

#000163883324000135 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $770.4M $762.1M
YoY Change 14.29% 14.16%
Cost Of Revenue $569.0M $560.7M
YoY Change 16.79% 14.03%
Gross Profit $201.4M $201.4M
YoY Change 7.76% 14.5%
Gross Profit Margin 26.14% 26.43%
Selling, General & Admin $53.10M $62.50M
YoY Change -8.29% 17.92%
% of Gross Profit 26.37% 31.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.20M $34.80M
YoY Change 73.7% 42.62%
% of Gross Profit 24.93% 17.28%
Operating Expenses $709.5M $677.3M
YoY Change 19.95% 788.85%
Operating Profit $60.90M $84.80M
YoY Change -26.27% -14.94%
Interest Expense -$50.00M -$51.50M
YoY Change 0.4% 14.19%
% of Operating Profit -82.1% -60.73%
Other Income/Expense, Net $700.0K -$4.800M
YoY Change -41.67% -173.85%
Pretax Income $10.90M $33.30M
YoY Change -66.77% -33.27%
Income Tax $4.500M $4.900M
% Of Pretax Income 41.28% 14.71%
Net Earnings -$31.70M -$15.50M
YoY Change 546.94% -182.01%
Net Earnings / Revenue -4.11% -2.03%
Basic Earnings Per Share -$0.25 -$0.12
Diluted Earnings Per Share -$0.25 -$0.12
COMMON SHARES
Basic Shares Outstanding 127.1M shares 127.1M shares
Diluted Shares Outstanding 126.2M shares 126.1M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $221.8M $213.5M
YoY Change -6.02% 20.35%
Cash & Equivalents $221.8M $213.5M
Short-Term Investments
Other Short-Term Assets $143.9M $150.0M
YoY Change 96.32% 33.21%
Inventory $82.00M $80.90M
Prepaid Expenses $45.20M $44.70M
Receivables $542.9M $523.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.036B $1.013B
YoY Change 18.22% 24.97%
LONG-TERM ASSETS
Property, Plant & Equipment $1.302B $1.273B
YoY Change 9.95% 16.42%
Goodwill $4.815B $4.806B
YoY Change 13.43% 13.47%
Intangibles
YoY Change
Long-Term Investments $214.8M $227.1M
YoY Change 9.42% 18.16%
Other Assets $41.10M $36.00M
YoY Change -64.99% -84.6%
Total Long-Term Assets $6.499B $6.476B
YoY Change 10.07% 11.46%
TOTAL ASSETS
Total Short-Term Assets $1.036B $1.013B
Total Long-Term Assets $6.499B $6.476B
Total Assets $7.534B $7.489B
YoY Change 11.13% 13.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $170.8M $174.0M
YoY Change 14.78% 32.32%
Accrued Expenses $250.0M $223.4M
YoY Change 12.31% 16.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $97.30M $92.40M
YoY Change 56.68% 42.81%
Total Short-Term Liabilities $575.2M $551.8M
YoY Change 14.72% 20.32%
LONG-TERM LIABILITIES
Long-Term Debt $3.094B $3.040B
YoY Change 17.2% 21.35%
Other Long-Term Liabilities $30.30M $21.10M
YoY Change -61.6% -93.91%
Total Long-Term Liabilities $30.30M $21.10M
YoY Change -61.6% -99.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $575.2M $551.8M
Total Long-Term Liabilities $30.30M $21.10M
Total Liabilities $605.5M $572.9M
YoY Change 4.34% -87.55%
SHAREHOLDERS EQUITY
Retained Earnings -$628.8M -$597.1M
YoY Change 10.67% 6.0%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.897B $1.952B
YoY Change
Total Liabilities & Shareholders Equity $7.534B $7.489B
YoY Change 11.13% 13.11%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$31.70M -$15.50M
YoY Change 546.94% -182.01%
Depreciation, Depletion And Amortization $50.20M $34.80M
YoY Change 73.7% 42.62%
Cash From Operating Activities $65.20M $82.80M
YoY Change -37.67% 58.93%
INVESTING ACTIVITIES
Capital Expenditures $20.20M $26.90M
YoY Change 6.88% 4.26%
Acquisitions
YoY Change
Other Investing Activities -$29.40M -$217.2M
YoY Change 338.81% 378.41%
Cash From Investing Activities -$49.60M -$244.1M
YoY Change 93.75% 242.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.300M 189.6M
YoY Change -64.22% -486.94%
NET CHANGE
Cash From Operating Activities 65.20M 82.80M
Cash From Investing Activities -49.60M -244.1M
Cash From Financing Activities -7.300M 189.6M
Net Change In Cash 8.300M 28.30M
YoY Change -85.84% -141.56%
FREE CASH FLOW
Cash From Operating Activities $65.20M $82.80M
Capital Expenditures $20.20M $26.90M
Free Cash Flow $45.00M $55.90M
YoY Change -47.49% 112.55%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Prior Period Reclassification Adjustment Description
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us-gaap Use Of Estimates
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<div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and footnotes. Examples include, but are not limited to, estimates of accounts receivable allowances, professional and general liabilities and the estimate of deferred tax assets or liabilities. Actual results could differ from those estimates.</span></div>
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CY2024Q2 us-gaap Depreciation Depletion And Amortization
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CY2024Q2 us-gaap Share Based Compensation
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CY2023Q2 us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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CY2024Q2 sgry Gain Loss On Disposition Of Assets And Deconsolidation
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CY2024Q2 sgry Undesignated Derivative Activity
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CY2024Q2 us-gaap Business Combination Integration Related Costs
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sgry Interest Expense Impact Of Change In Letter Of Protection Regulation
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CY2024Q2 us-gaap Assets
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CY2023Q4 us-gaap Assets
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us-gaap Segment Expenditure Addition To Long Lived Assets
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CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
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