2023 Q3 Form 10-Q Financial Statement

#000153080423000028 Filed on July 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $662.0M $794.0M
YoY Change -26.03% -15.98%
Cost Of Revenue $568.0M $637.0M
YoY Change -14.33% -6.6%
Gross Profit $94.00M $157.0M
YoY Change -59.48% -40.3%
Gross Profit Margin 14.2% 19.77%
Selling, General & Admin $62.00M $65.00M
YoY Change -10.14% -10.96%
% of Gross Profit 65.96% 41.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $53.00M $68.00M
YoY Change 3.92% 30.77%
% of Gross Profit 56.38% 43.31%
Operating Expenses $62.00M $73.00M
YoY Change -10.14% 0.0%
Operating Profit $32.00M $84.00M
YoY Change -80.37% -55.79%
Interest Expense $42.00M -$36.00M
YoY Change 31.25% -228.57%
% of Operating Profit 131.25% -42.86%
Other Income/Expense, Net $0.00 $5.000M
YoY Change -100.0% -37.5%
Pretax Income -$6.000M $53.00M
YoY Change -104.26% -65.13%
Income Tax $8.000M $322.0M
% Of Pretax Income 607.55%
Net Earnings -$14.00M -$269.0M
YoY Change -111.57% -171.73%
Net Earnings / Revenue -2.11% -33.88%
Basic Earnings Per Share -$0.09 -$1.72
Diluted Earnings Per Share -$0.09 -$1.72
COMMON SHARES
Basic Shares Outstanding 156.8M shares 156.7M shares
Diluted Shares Outstanding 156.8M shares 156.8M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $246.0M $167.0M
YoY Change 170.33% 49.11%
Cash & Equivalents $246.0M $167.0M
Short-Term Investments
Other Short-Term Assets $175.0M $145.0M
YoY Change 12.9% 0.0%
Inventory $1.422B $1.400B
Prepaid Expenses
Receivables $286.0M $372.0M
Other Receivables $3.000M $0.00
Total Short-Term Assets $2.132B $2.084B
YoY Change 8.39% 3.99%
LONG-TERM ASSETS
Property, Plant & Equipment $1.770B $2.588B
YoY Change -29.87% 1.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $184.0M $1.137B
YoY Change -8.46% 474.24%
Total Long-Term Assets $3.908B $3.971B
YoY Change -6.77% -5.81%
TOTAL ASSETS
Total Short-Term Assets $2.132B $2.084B
Total Long-Term Assets $3.908B $3.971B
Total Assets $6.040B $6.055B
YoY Change -1.93% -2.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $370.0M $437.0M
YoY Change -13.15% -13.98%
Accrued Expenses $199.0M $259.0M
YoY Change -24.05% 1.17%
Deferred Revenue $1.000M $1.000M
YoY Change 0.0% -50.0%
Short-Term Debt $17.00M $203.0M
YoY Change -79.76% 181.94%
Long-Term Debt Due $26.00M $23.00M
YoY Change 18.18% 35.29%
Total Short-Term Liabilities $643.0M $940.0M
YoY Change -23.27% 6.21%
LONG-TERM LIABILITIES
Long-Term Debt $2.788B $2.450B
YoY Change 13.2% 0.04%
Other Long-Term Liabilities $34.00M $437.0M
YoY Change 13.33% 1356.67%
Total Long-Term Liabilities $34.00M $2.887B
YoY Change 13.33% 9523.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $643.0M $940.0M
Total Long-Term Liabilities $34.00M $2.887B
Total Liabilities $4.004B $4.014B
YoY Change 4.35% 3.08%
SHAREHOLDERS EQUITY
Retained Earnings $760.0M $794.0M
YoY Change -31.9% -21.7%
Common Stock $2.060B $2.056B
YoY Change 0.98% 1.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.993B $2.041B
YoY Change
Total Liabilities & Shareholders Equity $6.040B $6.055B
YoY Change -1.93% -2.65%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$14.00M -$269.0M
YoY Change -111.57% -171.73%
Depreciation, Depletion And Amortization $53.00M $68.00M
YoY Change 3.92% 30.77%
Cash From Operating Activities $17.00M $136.0M
YoY Change -87.59% 325.0%
INVESTING ACTIVITIES
Capital Expenditures $54.00M $55.00M
YoY Change -148.21% -155.56%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.000M
YoY Change -100.0%
Cash From Investing Activities -$54.00M -$54.00M
YoY Change -50.91% -45.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 115.0M -28.00M
YoY Change -380.49% -75.44%
NET CHANGE
Cash From Operating Activities 17.00M 136.0M
Cash From Investing Activities -54.00M -54.00M
Cash From Financing Activities 115.0M -28.00M
Net Change In Cash 78.00M 54.00M
YoY Change -657.14% -129.83%
FREE CASH FLOW
Cash From Operating Activities $17.00M $136.0M
Capital Expenditures $54.00M $55.00M
Free Cash Flow -$37.00M $81.00M
YoY Change -114.86% -38.17%

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CY2023Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
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CY2023Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
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CY2023Q2 trox Unrecorded Unconditional Purchase Obligation Due After Four Years
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CY2023Q2 us-gaap Loss Contingency Accrual At Carrying Value
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us-gaap Environmental Remediation Expense
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P2Y1M6D

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