2024 Q2 Form 10-Q Financial Statement

#000181080624000098 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $449.3M $460.4M
YoY Change -15.79% -7.99%
Cost Of Revenue $108.9M $144.4M
YoY Change -31.45% -10.85%
Gross Profit $340.4M $316.0M
YoY Change -9.15% -6.62%
Gross Profit Margin 75.77% 68.64%
Selling, General & Admin $260.9M $408.2M
YoY Change -12.5% 30.45%
% of Gross Profit 76.64% 129.18%
Research & Development $208.9M $282.7M
YoY Change -22.03% 0.8%
% of Gross Profit 61.38% 89.47%
Depreciation & Amortization $101.4M $101.8M
YoY Change -8.71% -7.07%
% of Gross Profit 29.79% 32.22%
Operating Expenses $469.8M $690.9M
YoY Change -17.01% 16.44%
Operating Profit -$129.4M -$374.9M
YoY Change -32.4% 47.04%
Interest Expense -$5.829M $6.035M
YoY Change -194.9% -1.53%
% of Operating Profit
Other Income/Expense, Net $10.46M $76.64M
YoY Change 15.41% 462.93%
Pretax Income -$124.8M -$304.3M
YoY Change -33.81% 22.96%
Income Tax $946.0K -$12.84M
% Of Pretax Income
Net Earnings -$125.6M -$291.1M
YoY Change -34.65% 15.03%
Net Earnings / Revenue -27.95% -63.22%
Basic Earnings Per Share -$0.32 -$0.75
Diluted Earnings Per Share -$0.32 -$0.75
COMMON SHARES
Basic Shares Outstanding 390.9M shares 385.9M shares
Diluted Shares Outstanding 392.5M shares 387.2M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.268B $1.180B
YoY Change -22.73% -25.97%
Cash & Equivalents $1.268B $1.180B
Short-Term Investments
Other Short-Term Assets $142.9M $140.1M
YoY Change 17.7% 2.52%
Inventory
Prepaid Expenses
Receivables $573.2M $621.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.984B $1.941B
YoY Change -17.14% -17.16%
LONG-TERM ASSETS
Property, Plant & Equipment $112.1M $122.8M
YoY Change -17.22% -4.86%
Goodwill $3.166B $3.166B
YoY Change -1.08% -1.08%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $190.6M $204.2M
YoY Change -17.4% -13.88%
Total Long-Term Assets $4.700B $4.812B
YoY Change -11.2% -10.75%
TOTAL ASSETS
Total Short-Term Assets $1.984B $1.941B
Total Long-Term Assets $4.700B $4.812B
Total Assets $6.684B $6.753B
YoY Change -13.05% -12.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.69M $18.86M
YoY Change -31.68% -33.17%
Accrued Expenses $264.5M $302.2M
YoY Change -10.51% -5.92%
Deferred Revenue $176.1M $170.4M
YoY Change -18.09% -19.96%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $841.5M $902.2M
YoY Change -13.69% -7.96%
LONG-TERM LIABILITIES
Long-Term Debt $2.237B $2.236B
YoY Change -17.43% -17.42%
Other Long-Term Liabilities $178.2M $190.9M
YoY Change -30.28% -27.73%
Total Long-Term Liabilities $178.2M $190.9M
YoY Change -30.28% -27.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $841.5M $902.2M
Total Long-Term Liabilities $178.2M $190.9M
Total Liabilities $3.267B $3.339B
YoY Change -18.71% -17.43%
SHAREHOLDERS EQUITY
Retained Earnings -$3.488B -$3.363B
YoY Change 29.44% 34.36%
Common Stock $2.000K $2.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.185B $3.184B
YoY Change
Total Liabilities & Shareholders Equity $6.684B $6.753B
YoY Change -13.05% -12.69%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$125.6M -$291.1M
YoY Change -34.65% 15.03%
Depreciation, Depletion And Amortization $101.4M $101.8M
YoY Change -8.71% -7.07%
Cash From Operating Activities $88.38M -$7.373M
YoY Change 85.5% 44.6%
INVESTING ACTIVITIES
Capital Expenditures $9.126M $7.190M
YoY Change -35.36% -49.9%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$9.126M -$7.190M
YoY Change -37.57% -108.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.30M -$389.0M
YoY Change -43.4% -1870.52%
NET CHANGE
Cash From Operating Activities 88.38M -$7.373M
Cash From Investing Activities -9.126M -$7.190M
Cash From Financing Activities 11.30M -$389.0M
Net Change In Cash 90.55M -$409.8M
YoY Change 70.86% -478.94%
FREE CASH FLOW
Cash From Operating Activities $88.38M -$7.373M
Capital Expenditures $9.126M $7.190M
Free Cash Flow $79.25M -$14.56M
YoY Change 136.39% -25.12%

Facts In Submission

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<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make certain estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates, and such differences could be material to our financial position and results of operations.</span></div>
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460380000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
500361000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
460380000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
500361000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16600000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16900000 usd
CY2024Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1800000 usd
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2900000 usd
CY2024Q1 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P3Y
CY2024Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2400000 usd
CY2023Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2500000 usd
CY2024Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
20100000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
31300000 usd
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
76300000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
357000000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
205000000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.57
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2024Q1 us-gaap Cash
Cash
888092000 usd
CY2023Q4 us-gaap Cash
Cash
834877000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1194501000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1604267000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
33600000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
33600000 usd
CY2023Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
225797000 usd
CY2022Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
219563000 usd
CY2024Q1 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-376000 usd
CY2023Q1 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-626000 usd
CY2024Q1 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
3075000 usd
CY2023Q1 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
2698000 usd
CY2024Q1 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-3760000 usd
CY2023Q1 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
3741000 usd
CY2024Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
224736000 usd
CY2023Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
225376000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
10253000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
9393000 usd
CY2024Q1 us-gaap Variable Lease Cost
VariableLeaseCost
1721000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
1278000 usd
CY2024Q1 us-gaap Sublease Income
SubleaseIncome
244000 usd
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
384000 usd
CY2024Q1 us-gaap Lease Cost
LeaseCost
11730000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
10287000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
104599000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
113256000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
37566000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
39132000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
98521000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
111669000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
136087000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
150801000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y1M6D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.052
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.052
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
154385000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
18298000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
136087000 usd
CY2024Q1 unity Lessee Operating Lease Liability To Be Paid
LesseeOperatingLeaseLiabilityToBePaid
154385000 usd
CY2024Q1 unity Lessee Operating Lease Liability To Be Paid Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityToBePaidRemainderOfFiscalYear
32892000 usd
CY2024Q1 unity Lessee Operating Lease Liability To Be Paid Year One And Two
LesseeOperatingLeaseLiabilityToBePaidYearOneAndTwo
60279000 usd
CY2024Q1 unity Lessee Operating Lease Liability To Be Paid Year Three And Four
LesseeOperatingLeaseLiabilityToBePaidYearThreeAndFour
36591000 usd
CY2024Q1 unity Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
24623000 usd
CY2024Q1 us-gaap Purchase Obligation
PurchaseObligation
643505000 usd
CY2024Q1 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
180782000 usd
CY2024Q1 unity Purchase Obligation To Be Paid Year One And Two
PurchaseObligationToBePaidYearOneAndTwo
433298000 usd
CY2024Q1 unity Purchase Obligation To Be Paid Year Three And Four
PurchaseObligationToBePaidYearThreeAndFour
29425000 usd
CY2024Q1 unity Purchase Obligation To Be Paid After Year Four
PurchaseObligationToBePaidAfterYearFour
0 usd
CY2024Q1 us-gaap Contractual Obligation
ContractualObligation
2325232000 usd
CY2024Q1 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
20000000 usd
CY2024Q1 unity Contractual Obligation To Be Paid Year One And Two
ContractualObligationToBePaidYearOneAndTwo
1285232000 usd
CY2024Q1 unity Contractual Obligation To Be Paid Year Three And Four
ContractualObligationToBePaidYearThreeAndFour
1020000000 usd
CY2024Q1 unity Contractual Obligation To Be Paid After Year Four
ContractualObligationToBePaidAfterYearFour
0 usd
CY2024Q1 unity Obligations
Obligations
3123122000 usd
CY2024Q1 unity Obligations To Be Paid Remainder Of Fiscal Year
ObligationsToBePaidRemainderOfFiscalYear
233674000 usd
CY2024Q1 unity Obligations To Be Paid Year One And Two
ObligationsToBePaidYearOneAndTwo
1778809000 usd
CY2024Q1 unity Obligations To Be Paid Year Three And Four
ObligationsToBePaidYearThreeAndFour
1086016000 usd
CY2024Q1 unity Obligations To Be Paid After Year Four
ObligationsToBePaidAfterYearFour
24623000 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
265877000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
163028000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
93000000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
31541466 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.35
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y9M14D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
86854 shares
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
26.89
CY2024Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1960774 shares
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.25
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
175140 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
82.32
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
29492406 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.86
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y9M7D
CY2024Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
184300000 usd
CY2024Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
29700000 usd
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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unity-20240331_cal.xml Edgar Link unprocessable
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0001810806-24-000098.txt Edgar Link pending
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exhibit101separationagreem.htm Edgar Link pending
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unity-20240331_def.xml Edgar Link unprocessable
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