2024 Q1 Form 10-Q Financial Statement

#000092163824000115 Filed on May 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q1
Revenue $230.2M
YoY Change -26.82%
Cost Of Revenue $125.9M
YoY Change -36.83%
Gross Profit $104.3M
YoY Change -9.53%
Gross Profit Margin 45.32%
Selling, General & Admin $12.86M
YoY Change -30.63%
% of Gross Profit 12.33%
Research & Development $10.23M
YoY Change -19.43%
% of Gross Profit 9.81%
Depreciation & Amortization $38.40M
YoY Change -18.47%
% of Gross Profit 36.8%
Operating Expenses $76.80M
YoY Change -1.96%
Operating Profit -$376.4M
YoY Change -1117.77%
Interest Expense $4.655M
YoY Change -8.0%
% of Operating Profit
Other Income/Expense, Net -$1.801M
YoY Change -65.32%
Pretax Income -$378.2M
YoY Change -1289.69%
Income Tax -$20.24M
% Of Pretax Income
Net Earnings -$287.1M
YoY Change -1062.94%
Net Earnings / Revenue -124.69%
Basic Earnings Per Share -$1.42
Diluted Earnings Per Share -$1.42
COMMON SHARES
Basic Shares Outstanding 202.5M shares
Diluted Shares Outstanding 202.4M shares

Balance Sheet

Concept 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $492.0M
YoY Change -17.38%
Cash & Equivalents $467.0M
Short-Term Investments $24.99M
Other Short-Term Assets $21.01M
YoY Change -68.11%
Inventory $465.1M
Prepaid Expenses
Receivables $56.62M
Other Receivables $2.431M
Total Short-Term Assets $1.082B
YoY Change -19.4%
LONG-TERM ASSETS
Property, Plant & Equipment $3.825B
YoY Change 7.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.045M
YoY Change 164.56%
Other Assets $77.82M
YoY Change 26.23%
Total Long-Term Assets $4.170B
YoY Change 7.13%
TOTAL ASSETS
Total Short-Term Assets $1.082B
Total Long-Term Assets $4.170B
Total Assets $5.252B
YoY Change 0.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.57M
YoY Change -61.89%
Accrued Expenses $84.90M
YoY Change 50.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $955.0K
YoY Change -98.21%
Total Short-Term Liabilities $352.8M
YoY Change 40.57%
LONG-TERM LIABILITIES
Long-Term Debt $227.8M
YoY Change 0.46%
Other Long-Term Liabilities $60.86M
YoY Change 181.11%
Total Long-Term Liabilities $288.6M
YoY Change 16.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $352.8M
Total Long-Term Liabilities $288.6M
Total Liabilities $1.313B
YoY Change 19.69%
SHAREHOLDERS EQUITY
Retained Earnings $87.56M
YoY Change -83.7%
Common Stock $2.991B
YoY Change -2.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.079B
YoY Change
Total Liabilities & Shareholders Equity $5.252B
YoY Change 0.32%

Cashflow Statement

Concept 2024 Q1
OPERATING ACTIVITIES
Net Income -$287.1M
YoY Change -1062.94%
Depreciation, Depletion And Amortization $38.40M
YoY Change -18.47%
Cash From Operating Activities $24.63M
YoY Change 730.17%
INVESTING ACTIVITIES
Capital Expenditures $34.04M
YoY Change -42.55%
Acquisitions
YoY Change
Other Investing Activities -$2.743M
YoY Change -137.26%
Cash From Investing Activities -$36.78M
YoY Change -29.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$10.82M
YoY Change -71.67%
NET CHANGE
Cash From Operating Activities $24.63M
Cash From Investing Activities -$36.78M
Cash From Financing Activities -$10.82M
Net Change In Cash -$25.38M
YoY Change -72.79%
FREE CASH FLOW
Cash From Operating Activities $24.63M
Capital Expenditures $34.04M
Free Cash Flow -$9.404M
YoY Change -83.29%

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