2023 Q4 Form 10-K Financial Statement

#000105151224000010 Filed on February 16, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $1.312B $5.160B
YoY Change -3.32% -4.67%
Cost Of Revenue $607.0M $2.334B
YoY Change -8.31% -9.01%
Gross Profit $705.0M $2.826B
YoY Change 1.44% -0.77%
Gross Profit Margin 53.73% 54.77%
Selling, General & Admin $445.0M $1.753B
YoY Change -4.91% -0.85%
% of Gross Profit 63.12% 62.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $234.0M $865.0M
YoY Change -1.68% -1.93%
% of Gross Profit 33.19% 30.61%
Operating Expenses $679.0M $5.574B
YoY Change -3.82% 5.35%
Operating Profit $26.00M -$414.0M
YoY Change -336.36% -439.34%
Interest Expense -$25.00M $244.0M
YoY Change 92.31% 40.23%
% of Operating Profit -96.15%
Other Income/Expense, Net $1.000M -$63.00M
YoY Change -2200.0%
Pretax Income -$548.0M -$477.0M
YoY Change 1342.11% -481.6%
Income Tax -$45.00M $10.00M
% Of Pretax Income
Net Earnings -$523.0M -$500.0M
YoY Change 1145.24% -906.45%
Net Earnings / Revenue -39.86% -9.69%
Basic Earnings Per Share -$5.05
Diluted Earnings Per Share -$4.63 -$5.06
COMMON SHARES
Basic Shares Outstanding 113.0M shares
Diluted Shares Outstanding 113.0M shares

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $236.0M $236.0M
YoY Change -34.44% -34.44%
Cash & Equivalents $236.0M $236.0M
Short-Term Investments
Other Short-Term Assets $52.00M $124.0M
YoY Change -10.34% -16.22%
Inventory $208.0M $208.0M
Prepaid Expenses $86.00M
Receivables $992.0M $1.006B
Other Receivables $86.00M $86.00M
Total Short-Term Assets $1.660B $1.660B
YoY Change -18.15% -18.15%
LONG-TERM ASSETS
Property, Plant & Equipment $5.062B $6.049B
YoY Change 6.34% 5.11%
Goodwill $0.00
YoY Change -100.0%
Intangibles
YoY Change
Long-Term Investments $477.0M $505.0M
YoY Change 1.92% 2.02%
Other Assets $807.0M $822.0M
YoY Change 1.38% 0.0%
Total Long-Term Assets $12.26B $12.26B
YoY Change -2.08% -2.08%
TOTAL ASSETS
Total Short-Term Assets $1.660B $1.660B
Total Long-Term Assets $12.26B $12.26B
Total Assets $13.92B $13.92B
YoY Change -4.32% -4.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $360.0M $360.0M
YoY Change -28.85% -28.85%
Accrued Expenses $308.0M $308.0M
YoY Change 1.99% 1.99%
Deferred Revenue $277.0M
YoY Change -2.81%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $26.00M $26.00M
YoY Change 36.84% 36.84%
Total Short-Term Liabilities $1.184B $1.184B
YoY Change -21.8% -21.8%
LONG-TERM LIABILITIES
Long-Term Debt $4.080B $4.080B
YoY Change 9.35% 9.35%
Other Long-Term Liabilities $784.0M $1.674B
YoY Change -3.57% -2.73%
Total Long-Term Liabilities $784.0M $5.754B
YoY Change -3.57% 5.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.184B $1.184B
Total Long-Term Liabilities $784.0M $5.754B
Total Liabilities $1.968B $8.719B
YoY Change -15.43% 0.21%
SHAREHOLDERS EQUITY
Retained Earnings $2.023B
YoY Change -25.05%
Common Stock $1.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $465.0M
YoY Change -3.33%
Treasury Stock Shares
Shareholders Equity $5.202B $5.202B
YoY Change
Total Liabilities & Shareholders Equity $13.92B $13.92B
YoY Change -4.32% -4.32%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$523.0M -$500.0M
YoY Change 1145.24% -906.45%
Depreciation, Depletion And Amortization $234.0M $865.0M
YoY Change -1.68% -1.93%
Cash From Operating Activities $219.0M $1.142B
YoY Change -13.78% -1.13%
INVESTING ACTIVITIES
Capital Expenditures $305.0M $1.211B
YoY Change -16.89% 4.31%
Acquisitions
YoY Change
Other Investing Activities -$100.0M -$14.00M
YoY Change 1150.0% -187.5%
Cash From Investing Activities -$405.0M -$1.327B
YoY Change 8.0% -25.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.000M
YoY Change -85.0%
Debt Paid & Issued, Net $723.0M
YoY Change 117.77%
Cash From Financing Activities 163.0M $56.00M
YoY Change 317.95% -90.86%
NET CHANGE
Cash From Operating Activities 219.0M $1.142B
Cash From Investing Activities -405.0M -$1.327B
Cash From Financing Activities 163.0M $56.00M
Net Change In Cash -23.00M -$129.0M
YoY Change -71.95% 760.0%
FREE CASH FLOW
Cash From Operating Activities $219.0M $1.142B
Capital Expenditures $305.0M $1.211B
Free Cash Flow -$86.00M -$69.00M
YoY Change -23.89% 1050.0%

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<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect (a) the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and (b) the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates.</span></div>
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CY2023Q4 us-gaap Financing Receivable Originated In Current Fiscal Year
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CY2021 us-gaap Income Tax Reconciliation Tax Credits
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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PricewaterhouseCoopers LLP
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