2024 Q4 Form 10-Q Financial Statement

#000162828024045867 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024 Q1
Revenue $1.353B $1.399B
YoY Change 4.15% -3.24%
Cost Of Revenue $625.2M $537.8M
YoY Change -29.26% -56.03%
Gross Profit $727.9M $861.6M
YoY Change 75.23% 286.02%
Gross Profit Margin 53.79% 61.57%
Selling, General & Admin $714.3M $619.0M
YoY Change 38.94% 20.1%
% of Gross Profit 98.13% 71.84%
Research & Development $246.7M $230.3M
YoY Change 5.29% 3.27%
% of Gross Profit 33.89% 26.73%
Depreciation & Amortization $47.30M $56.30M
YoY Change 4.42% -93.84%
% of Gross Profit 6.5% 6.53%
Operating Expenses $1.025B $900.9M
YoY Change 6.88% 4.45%
Operating Profit -$297.2M -$39.30M
YoY Change -45.34% -93.85%
Interest Expense -$27.10M -$31.50M
YoY Change -20.29% -1.25%
% of Operating Profit
Other Income/Expense, Net -$25.90M
YoY Change -16.72%
Pretax Income -$324.3M -$2.745B
YoY Change -43.8% 275.66%
Income Tax $41.20M $158.4M
% Of Pretax Income
Net Earnings -$365.5M -$2.903B
YoY Change -32.76% 375.67%
Net Earnings / Revenue -27.01% -207.45%
Basic Earnings Per Share -$2.08
Diluted Earnings Per Share -$2.08 -$17.01
COMMON SHARES
Basic Shares Outstanding 175.6M shares 175.3M shares 170.6M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $879.6M $776.0M
YoY Change 9.68% -23.5%
Cash & Equivalents $876.1M $754.0M
Short-Term Investments $3.500M $22.00M
Other Short-Term Assets $887.8M $719.0M
YoY Change 5.94% 10.51%
Inventory
Prepaid Expenses
Receivables $858.9M $679.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.706B $2.260B
YoY Change 6.66% -9.9%
LONG-TERM ASSETS
Property, Plant & Equipment $433.5M $411.1M
YoY Change 10.59% -40.03%
Goodwill $4.649B $4.426B
YoY Change -29.57% -34.59%
Intangibles $2.897B $3.061B
YoY Change
Long-Term Investments
YoY Change
Other Assets $237.1M $189.1M
YoY Change 17.84% -49.71%
Total Long-Term Assets $10.37B $9.957B
YoY Change -18.16% -25.44%
TOTAL ASSETS
Total Short-Term Assets $2.706B $2.260B
Total Long-Term Assets $10.37B $9.957B
Total Assets $13.08B $12.22B
YoY Change -14.02% -22.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $177.1M $195.9M
YoY Change 34.37% 39.83%
Accrued Expenses $1.300B $1.063B
YoY Change -1.21% -17.37%
Deferred Revenue $1.065B $1.060B
YoY Change -4.71% -1.79%
Short-Term Debt $599.2M $24.60M
YoY Change 60.6% -98.17%
Long-Term Debt Due $599.2M $24.60M
YoY Change 60.64% -97.54%
Total Short-Term Liabilities $3.201B $2.406B
YoY Change 6.68% -37.52%
LONG-TERM LIABILITIES
Long-Term Debt $3.056B $3.058B
YoY Change 12.88% 76.47%
Other Long-Term Liabilities $214.3M $211.1M
YoY Change -17.07% -69.89%
Total Long-Term Liabilities $3.270B $3.269B
YoY Change 10.27% 34.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.201B $2.406B
Total Long-Term Liabilities $3.270B $3.269B
Total Liabilities $7.277B $6.549B
YoY Change 7.37% -3.97%
SHAREHOLDERS EQUITY
Retained Earnings -$3.207B -$2.580B
YoY Change -873.43% -321.58%
Common Stock $10.07B $9.374B
YoY Change 9.58% 4.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.799B $5.668B
YoY Change
Total Liabilities & Shareholders Equity $13.08B $12.22B
YoY Change -14.02% -22.98%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024 Q1
OPERATING ACTIVITIES
Net Income -$365.5M -$2.903B
YoY Change -32.76% 375.67%
Depreciation, Depletion And Amortization $47.30M $56.30M
YoY Change 4.42% -93.84%
Cash From Operating Activities -$128.4M -$8.900M
YoY Change -298.15% -74.35%
INVESTING ACTIVITIES
Capital Expenditures $36.80M $46.20M
YoY Change 29.58% -30.53%
Acquisitions
YoY Change
Other Investing Activities $3.500M -$8.500M
YoY Change -93.08% -270.0%
Cash From Investing Activities -$33.30M -$54.70M
YoY Change -250.0% -11.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 500.0K -19.40M
YoY Change -100.99% -175.49%
NET CHANGE
Cash From Operating Activities -128.4M -8.900M
Cash From Investing Activities -33.30M -54.70M
Cash From Financing Activities 500.0K -19.40M
Net Change In Cash -161.2M -83.00M
YoY Change -539.24% 17.73%
FREE CASH FLOW
Cash From Operating Activities -$128.4M -$8.900M
Capital Expenditures $36.80M $46.20M
Free Cash Flow -$165.2M -$55.10M
YoY Change -553.85% -45.55%

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