2024 Q2 Form 10-Q Financial Statement

#000155227524000056 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4
Revenue $6.174B $5.641B
YoY Change 7.47% -4.68%
Cost Of Revenue $5.609B $5.492B
YoY Change 3.28% -2.74%
Gross Profit $565.0M $149.0M
YoY Change 79.94% -45.02%
Gross Profit Margin 9.15% 2.64%
Selling, General & Admin $151.0M $51.00M
YoY Change 202.0% 2.0%
% of Gross Profit 26.73% 34.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $78.00M $46.00M
YoY Change 59.18% 9.52%
% of Gross Profit 13.81% 30.87%
Operating Expenses $363.0M $191.0M
YoY Change 95.16% 6.11%
Operating Profit $150.0M -$42.00M
YoY Change 17.19% -146.15%
Interest Expense $95.00M -$54.00M
YoY Change -282.69% 17.39%
% of Operating Profit 63.33%
Other Income/Expense, Net -$3.000M $0.00
YoY Change -142.86% -100.0%
Pretax Income $650.0M -$97.00M
YoY Change 577.08% -290.2%
Income Tax $149.0M $9.000M
% Of Pretax Income 22.92%
Net Earnings $493.0M -$126.0M
YoY Change 646.97% -450.0%
Net Earnings / Revenue 7.99% -2.23%
Basic Earnings Per Share
Diluted Earnings Per Share $3.85 -$1.50
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $226.0M $29.00M
YoY Change -5.44% -64.63%
Cash & Equivalents $226.0M $29.00M
Short-Term Investments
Other Short-Term Assets $127.0M $133.0M
YoY Change -11.81% -24.0%
Inventory $1.040B $889.0M
Prepaid Expenses
Receivables $1.018B $856.0M
Other Receivables $279.0M $154.0M
Total Short-Term Assets $2.444B $1.927B
YoY Change 30.84% -2.82%
LONG-TERM ASSETS
Property, Plant & Equipment $8.846B $1.836B
YoY Change 275.95% 4.32%
Goodwill $1.484B $1.599B
YoY Change -7.19% -0.12%
Intangibles $716.0M $544.0M
YoY Change 26.95% -7.48%
Long-Term Investments $124.0M $124.0M
YoY Change -2.36% -3.88%
Other Assets $372.0M $290.0M
YoY Change 37.27% 22.88%
Total Long-Term Assets $12.02B $4.899B
YoY Change 144.63% 1.07%
TOTAL ASSETS
Total Short-Term Assets $2.444B $1.927B
Total Long-Term Assets $12.02B $4.899B
Total Assets $14.47B $6.826B
YoY Change 113.29% -0.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.104B $828.0M
YoY Change 29.58% -14.29%
Accrued Expenses $613.0M $353.0M
YoY Change 78.72% 13.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $76.00M $0.00
YoY Change
Total Short-Term Liabilities $1.939B $1.373B
YoY Change 59.33% -2.35%
LONG-TERM LIABILITIES
Long-Term Debt $7.304B $3.580B
YoY Change 99.4% 0.25%
Other Long-Term Liabilities $193.0M $116.0M
YoY Change -74.09% 4.5%
Total Long-Term Liabilities $193.0M $116.0M
YoY Change -95.62% 4.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.939B $1.373B
Total Long-Term Liabilities $193.0M $116.0M
Total Liabilities $10.14B $5.848B
YoY Change 75.26% -0.68%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.330B $978.0M
YoY Change
Total Liabilities & Shareholders Equity $14.47B $6.826B
YoY Change 113.29% -0.06%

Cashflow Statement

Concept 2024 Q2 2023 Q4
OPERATING ACTIVITIES
Net Income $493.0M -$126.0M
YoY Change 646.97% -450.0%
Depreciation, Depletion And Amortization $78.00M $46.00M
YoY Change 59.18% 9.52%
Cash From Operating Activities -$70.00M $184.0M
YoY Change -176.92% -332.91%
INVESTING ACTIVITIES
Capital Expenditures $70.00M $83.00M
YoY Change 40.0% -6.74%
Acquisitions
YoY Change
Other Investing Activities $1.020B $8.000M
YoY Change -1246.07% -116.33%
Cash From Investing Activities $950.0M -$75.00M
YoY Change -783.45% -45.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -869.0M -336.0M
YoY Change -986.73% -426.21%
NET CHANGE
Cash From Operating Activities -70.00M 184.0M
Cash From Investing Activities 950.0M -75.00M
Cash From Financing Activities -869.0M -336.0M
Net Change In Cash 11.00M -227.0M
YoY Change -78.0% 99.12%
FREE CASH FLOW
Cash From Operating Activities -$70.00M $184.0M
Capital Expenditures $70.00M $83.00M
Free Cash Flow -$140.0M $101.0M
YoY Change -441.46% -160.12%

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