2023 Q4 Form 10-K Financial Statement

#000143774923032284 Filed on November 16, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023
Revenue $756.6M $310.4M $2.666B
YoY Change -7.05% -1.21% 21.28%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $67.00M $65.80M $254.8M
YoY Change 7.89% 7.69% 7.37%
% of Gross Profit
Operating Expenses $617.4M $314.3M $2.248B
YoY Change -6.99% 10.51% 25.55%
Operating Profit $139.2M $418.6M
YoY Change -7.32% 2.55%
Interest Expense $50.60M -$48.20M $185.7M
YoY Change -216.06% 40.12% 55.01%
% of Operating Profit 36.35% 44.36%
Other Income/Expense, Net $17.50M $4.100M $23.40M
YoY Change 191.67% -783.33% -368.97%
Pretax Income $106.1M -$48.00M $256.3M
YoY Change -5.77% 823.08% -8.37%
Income Tax $21.00M -$16.90M $38.80M
% Of Pretax Income 19.79% 15.14%
Net Earnings $85.10M -$34.70M $217.5M
YoY Change -6.48% 388.73% -1.49%
Net Earnings / Revenue 11.25% -11.18% 8.16%
Basic Earnings Per Share $1.52 $3.86
Diluted Earnings Per Share $1.52 -$0.66 $3.85
COMMON SHARES
Basic Shares Outstanding 53.18M 52.60M 52.50M
Diluted Shares Outstanding 53.60M 52.60M

Balance Sheet

Concept 2023 Q4 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.800M $6.000M $6.000M
YoY Change 0.0% -7.69% -7.69%
Cash & Equivalents $4.800M $5.600M $6.000M
Short-Term Investments
Other Short-Term Assets $72.80M $84.80M $503.0M
YoY Change -49.86% -30.89% -6.94%
Inventory $276.6M $280.0M $280.0M
Prepaid Expenses $43.30M $48.20M
Receivables $544.0M $289.0M $289.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.220B $1.077B $1.077B
YoY Change -25.15% -32.36% -32.35%
LONG-TERM ASSETS
Property, Plant & Equipment $687.1M $628.5M $6.478B
YoY Change 35.02% 27.9% 9.14%
Goodwill $1.172B $1.172B
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $105.5M $103.0M $103.0M
YoY Change 12.83% 17.31% 17.31%
Other Assets $303.0M $305.9M $1.485B
YoY Change 16.36% 18.52% 14.51%
Total Long-Term Assets $9.412B $9.237B $9.237B
YoY Change 8.21% 8.77% 8.78%
TOTAL ASSETS
Total Short-Term Assets $1.220B $1.077B $1.077B
Total Long-Term Assets $9.412B $9.237B $9.237B
Total Assets $10.63B $10.31B $10.31B
YoY Change 2.94% 2.28% 2.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $293.8M $253.1M $253.0M
YoY Change -42.03% -59.01% -59.02%
Accrued Expenses $26.10M $54.00M $54.00M
YoY Change -14.71% 7.57% -4.76%
Deferred Revenue $25.00M $20.90M
YoY Change 47.93% 11.76%
Short-Term Debt $1.048B $955.5M $956.0M
YoY Change -14.63% -7.9% -7.86%
Long-Term Debt Due $457.0M $156.6M $157.0M
YoY Change 78.1% -44.31% -44.17%
Total Short-Term Liabilities $2.211B $1.755B $1.755B
YoY Change -8.08% -25.42% -25.43%
LONG-TERM LIABILITIES
Long-Term Debt $3.248B $3.554B $3.554B
YoY Change 2.9% 20.13% 20.13%
Other Long-Term Liabilities $140.9M $139.6M $1.327B
YoY Change -10.03% -14.25% 4.91%
Total Long-Term Liabilities $3.389B $3.694B $4.881B
YoY Change 2.29% 18.34% 15.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.211B $1.755B $1.755B
Total Long-Term Liabilities $3.389B $3.694B $4.881B
Total Liabilities $5.599B $5.449B $7.396B
YoY Change -2.07% -0.47% 1.8%
SHAREHOLDERS EQUITY
Retained Earnings $997.3M $958.0M
YoY Change 4.65% 5.8%
Common Stock $55.00M $53.20M
YoY Change 4.76% 1.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.051B $2.917B $2.917B
YoY Change
Total Liabilities & Shareholders Equity $10.63B $10.31B $10.31B
YoY Change 2.94% 2.28% 2.28%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023
OPERATING ACTIVITIES
Net Income $85.10M -$34.70M $217.5M
YoY Change -6.48% 388.73% -1.49%
Depreciation, Depletion And Amortization $67.00M $65.80M $254.8M
YoY Change 7.89% 7.69% 7.37%
Cash From Operating Activities $70.00M $36.10M $440.2M
YoY Change -140.98% -124.13% 700.36%
INVESTING ACTIVITIES
Capital Expenditures $226.5M $179.2M $662.5M
YoY Change 46.32% -219.71% 19.97%
Acquisitions
YoY Change
Other Investing Activities -$1.300M $100.0K -$4.000M
YoY Change -58.06% -92.31% -27.27%
Cash From Investing Activities -$225.2M -$179.1M -$695.5M
YoY Change 48.45% 20.69% 27.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $41.90M
YoY Change -19.27%
Debt Paid & Issued, Net $6.600M $281.2M
YoY Change -78.85% 403.94%
Cash From Financing Activities $154.7M 143.8M $260.6M
YoY Change -51.81% -50.14% -47.97%
NET CHANGE
Cash From Operating Activities $70.00M 36.10M $440.2M
Cash From Investing Activities -$225.2M -179.1M -$695.5M
Cash From Financing Activities $154.7M 143.8M $260.6M
Net Change In Cash -$500.0K 800.0K $5.300M
YoY Change -66.67% -108.33% -42.39%
FREE CASH FLOW
Cash From Operating Activities $70.00M $36.10M $440.2M
Capital Expenditures $226.5M $179.2M $662.5M
Free Cash Flow -$156.5M -$143.1M -$222.3M
YoY Change -51.93% -143200.0% -55.29%

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<p style="font-family: Georgia, Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt;"><b>USE OF ESTIMATES </b>– The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</p> <p style="font-family: Georgia, Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Georgia, Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt;"></p>
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CY2023Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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