2024 Q3 Form 10-Q Financial Statement

#000162828024036935 Filed on August 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024 Q1
Revenue $650.0M $489.0M $509.0M
YoY Change 25.97% 62.46% -52.56%
Cost Of Revenue $163.0M $150.0M
YoY Change 29.37% 40.19%
Gross Profit $326.0M $359.0M
YoY Change 4.49% -62.84%
Gross Profit Margin 66.67% 70.53%
Selling, General & Admin $204.0M $197.0M
YoY Change -5.99% -4.37%
% of Gross Profit 62.58% 54.87%
Research & Development $1.000M $0.00
YoY Change -80.0% -100.0%
% of Gross Profit 0.0%
Depreciation & Amortization $56.00M $56.00M $110.0M
YoY Change -50.0% 143.48% -29.49%
% of Gross Profit 17.18% 30.64%
Operating Expenses $1.000M $0.00 $307.0M
YoY Change -99.66% -100.0% -17.25%
Operating Profit $158.0M $27.00M $52.00M
YoY Change -551.43% -50.91% -91.26%
Interest Expense -$20.00M -$11.00M
YoY Change -79.17% -93.6%
% of Operating Profit -74.07% -21.15%
Other Income/Expense, Net $20.00M $17.00M $23.00M
YoY Change -385.71% -254.55% -43.9%
Pretax Income $179.0M $570.0M $388.0M
YoY Change -294.57% 1040.0% 546.67%
Income Tax $11.00M $112.0M $69.00M
% Of Pretax Income 6.15% 19.65% 17.78%
Net Earnings $168.0M $458.0M $319.0M
YoY Change -318.18% 9.31% 593.48%
Net Earnings / Revenue 25.85% 93.66% 62.67%
Basic Earnings Per Share $3.30 $7.90
Diluted Earnings Per Share $3.16 $7.60 $4.98
COMMON SHARES
Basic Shares Outstanding 51.00M shares 57.43M shares
Diluted Shares Outstanding 53.17M shares 59.78M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $632.0M $597.0M
YoY Change 397.64%
Cash & Equivalents $648.0M $632.0M $597.0M
Short-Term Investments
Other Short-Term Assets $97.00M $380.0M $1.095B
YoY Change -86.51% -56.47%
Inventory $297.0M $280.0M $279.0M
Prepaid Expenses
Receivables $50.00M $104.0M $126.0M
Other Receivables $47.00M $47.00M $0.00
Total Short-Term Assets $1.673B $1.953B $2.097B
YoY Change 17.07% 33.04%
LONG-TERM ASSETS
Property, Plant & Equipment $3.228B $3.250B $3.300B
YoY Change -15.96% -15.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $188.0M $207.0M $1.809B
YoY Change -88.37% -87.77%
Total Long-Term Assets $5.175B $5.129B $5.168B
YoY Change -5.27% -7.67%
TOTAL ASSETS
Total Short-Term Assets $1.673B $1.953B $2.097B
Total Long-Term Assets $5.175B $5.129B $5.168B
Total Assets $6.848B $7.082B $7.265B
YoY Change -0.64% 0.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $212.0M $177.0M
YoY Change -28.86%
Accrued Expenses $31.00M $61.00M
YoY Change 6.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $2.000M
YoY Change -100.0%
Long-Term Debt Due $9.000M $9.000M $9.000M
YoY Change -25.0% -35.71%
Total Short-Term Liabilities $408.0M $433.0M $460.0M
YoY Change -22.14% -3.35%
LONG-TERM LIABILITIES
Long-Term Debt $2.616B $2.617B $2.619B
YoY Change -7.33% -7.59%
Other Long-Term Liabilities $130.0M $127.0M $960.0M
YoY Change -84.54% -86.06%
Total Long-Term Liabilities $2.746B $2.744B $3.579B
YoY Change -25.05% -26.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $408.0M $433.0M $460.0M
Total Long-Term Liabilities $2.746B $2.744B $3.579B
Total Liabilities $4.403B $4.510B $4.564B
YoY Change -4.59% -3.47%
SHAREHOLDERS EQUITY
Retained Earnings $412.0M $448.0M
YoY Change
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.387B $2.511B $2.701B
YoY Change
Total Liabilities & Shareholders Equity $6.848B $7.082B $7.265B
YoY Change -0.64% 0.84%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $168.0M $458.0M $319.0M
YoY Change -318.18% 9.31% 593.48%
Depreciation, Depletion And Amortization $56.00M $56.00M $110.0M
YoY Change -50.0% 143.48% -29.49%
Cash From Operating Activities -$23.00M $173.0M
YoY Change 2200.0% -76.75%
INVESTING ACTIVITIES
Capital Expenditures $20.00M $25.00M
YoY Change 0.0% -70.24%
Acquisitions
YoY Change
Other Investing Activities $734.0M $290.0M
YoY Change -36800.0% -952.94%
Cash From Investing Activities $714.0M $265.0M
YoY Change -1978.95% -324.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -656.0M -259.0M
YoY Change 825.0%
NET CHANGE
Cash From Operating Activities -23.00M 173.0M
Cash From Investing Activities 714.0M 265.0M
Cash From Financing Activities -656.0M -259.0M
Net Change In Cash 35.00M 179.0M
YoY Change -189.74% -70.07%
FREE CASH FLOW
Cash From Operating Activities -$23.00M $173.0M
Capital Expenditures $20.00M $25.00M
Free Cash Flow -$43.00M $148.0M
YoY Change 104.76% -77.58%

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us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
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CY2024Q2 tln Gain Loss On Disposition Of Assets And Other Miscellaneous Expenses Net
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CY2024Q2 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2024Q2 tln Operational And Other Restructuring Charges
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CY2024Q2 tln Impairments Non Cash Inventory Net Realizable Value Obsolescence And Other Charges
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CY2024Q2 tln Adjusted Ebitda Related To Noncontrolling Interest
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CY2024Q2 us-gaap Other Nonrecurring Income Expense
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us-gaap Profit Loss
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Files In Submission

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