$SOLV
Solventum Corp

2024 Q3 Form 10-Q Financial Statement

#000196473824000044 Filed on November 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q3
Revenue $2.082B $2.074B
YoY Change 0.39%
Cost Of Revenue $917.0M $865.0M
YoY Change 6.01%
Gross Profit $1.165B $1.209B
YoY Change -3.64%
Gross Profit Margin 55.96% 58.29%
Selling, General & Admin $701.0M $525.0M
YoY Change 33.52%
% of Gross Profit 60.17% 43.42%
Research & Development $189.0M $180.0M
YoY Change 5.0%
% of Gross Profit 16.22% 14.89%
Depreciation & Amortization $37.00M $144.0M
YoY Change -74.31%
% of Gross Profit 3.18% 11.91%
Operating Expenses $890.0M $705.0M
YoY Change 26.24%
Operating Profit $275.0M $504.0M
YoY Change -45.44%
Interest Expense -$107.0M $0.00
YoY Change
% of Operating Profit -38.91% 0.0%
Other Income/Expense, Net -$1.000M -$4.000M
YoY Change -75.0%
Pretax Income $167.0M $500.0M
YoY Change -66.6%
Income Tax $45.00M $40.00M
% Of Pretax Income 26.95% 8.0%
Net Earnings $122.0M $460.0M
YoY Change -73.48%
Net Earnings / Revenue 5.86% 22.18%
Basic Earnings Per Share $0.70 $2.66
Diluted Earnings Per Share $0.70 $2.67
COMMON SHARES
Basic Shares Outstanding 173.4M shares 172.7M shares
Diluted Shares Outstanding 173.9M shares 172.7M shares

Balance Sheet

Concept 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $772.0M $42.00M
YoY Change 1738.1%
Cash & Equivalents $772.0M $42.00M
Short-Term Investments
Other Short-Term Assets $302.0M $155.0M
YoY Change 94.84%
Inventory $953.0M $872.0M
Prepaid Expenses
Receivables $1.105B $1.180B
Other Receivables $222.0M $0.00
Total Short-Term Assets $3.354B $2.249B
YoY Change 49.13%
LONG-TERM ASSETS
Property, Plant & Equipment $1.599B $1.357B
YoY Change 17.83%
Goodwill $6.592B
YoY Change
Intangibles $2.651B
YoY Change
Long-Term Investments
YoY Change
Other Assets $549.0M $446.0M
YoY Change 23.09%
Total Long-Term Assets $11.39B $11.18B
YoY Change 1.87%
TOTAL ASSETS
Total Short-Term Assets $3.354B $2.249B
Total Long-Term Assets $11.39B $11.18B
Total Assets $14.75B $13.43B
YoY Change 9.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $560.0M $389.0M
YoY Change 43.96%
Accrued Expenses $450.0M $284.0M
YoY Change 58.45%
Deferred Revenue $563.0M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $300.0M
YoY Change
Total Short-Term Liabilities $2.904B $1.393B
YoY Change 108.47%
LONG-TERM LIABILITIES
Long-Term Debt $7.809B $0.00
YoY Change
Other Long-Term Liabilities $305.0M $241.0M
YoY Change 26.56%
Total Long-Term Liabilities $8.114B $241.0M
YoY Change 3266.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.904B $1.393B
Total Long-Term Liabilities $8.114B $241.0M
Total Liabilities $11.55B $1.849B
YoY Change 524.82%
SHAREHOLDERS EQUITY
Retained Earnings $211.0M
YoY Change
Common Stock $2.000M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.192B $11.58B
YoY Change
Total Liabilities & Shareholders Equity $14.75B $13.43B
YoY Change 9.78%

Cashflow Statement

Concept 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $122.0M $460.0M
YoY Change -73.48%
Depreciation, Depletion And Amortization $37.00M $144.0M
YoY Change -74.31%
Cash From Operating Activities $169.0M $493.0M
YoY Change -65.72%
INVESTING ACTIVITIES
Capital Expenditures $93.00M $66.00M
YoY Change 40.91%
Acquisitions
YoY Change
Other Investing Activities $0.00 $60.00M
YoY Change -100.0%
Cash From Investing Activities -$93.00M -$6.000M
YoY Change 1450.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -202.0M -485.0M
YoY Change -58.35%
NET CHANGE
Cash From Operating Activities 169.0M 493.0M
Cash From Investing Activities -93.00M -6.000M
Cash From Financing Activities -202.0M -485.0M
Net Change In Cash -126.0M 2.000M
YoY Change -6400.0%
FREE CASH FLOW
Cash From Operating Activities $169.0M $493.0M
Capital Expenditures $93.00M $66.00M
Free Cash Flow $76.00M $427.0M
YoY Change -82.2%

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CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
500000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
592000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1276000000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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0001964738-24-000044-index.html Edgar Link pending
0001964738-24-000044.txt Edgar Link pending
0001964738-24-000044-xbrl.zip Edgar Link pending
a2024q3exhibit311.htm Edgar Link pending
a2024q3exhibit312.htm Edgar Link pending
a2024q3exhibit321.htm Edgar Link pending
a2024q3exhibit322.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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report.css Edgar Link pending
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solv-20240930.htm Edgar Link pending
solv-20240930.xsd Edgar Link pending
solv-20240930_def.xml Edgar Link unprocessable
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solv-20240930_lab.xml Edgar Link unprocessable
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solv-20240930_htm.xml Edgar Link completed
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