2024 Q3 Form 10-Q Financial Statement

#000161154724000043 Filed on July 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $112.4M $106.5M
YoY Change 10.4% 7.55%
Cost Of Revenue $39.52M $38.85M
YoY Change 9.78% 11.04%
Gross Profit $72.91M $67.70M
YoY Change 10.63% 5.65%
Gross Profit Margin 64.85% 63.54%
Selling, General & Admin $9.415M $9.368M
YoY Change 5.79% -5.44%
% of Gross Profit 12.91% 13.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.94M $40.66M
YoY Change 28.82% 54.37%
% of Gross Profit 49.3% 60.05%
Operating Expenses $44.07M $49.05M
YoY Change 23.09% 38.47%
Operating Profit $28.84M $18.65M
YoY Change -4.2% -34.92%
Interest Expense -$18.85M -$21.24M
YoY Change 2.46% 20.88%
% of Operating Profit -65.37% -113.85%
Other Income/Expense, Net
YoY Change
Pretax Income $9.985M $32.56M
YoY Change -81.71% 207.08%
Income Tax $518.0K $539.0K
% Of Pretax Income 5.19% 1.66%
Net Earnings $9.080M $30.76M
YoY Change -74.86% 199.97%
Net Earnings / Revenue 8.08% 28.87%
Basic Earnings Per Share $0.07 $0.26
Diluted Earnings Per Share $0.07 $0.26
COMMON SHARES
Basic Shares Outstanding 121.3M shares 118.8M shares
Diluted Shares Outstanding 123.5M shares 119.0M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.92M $78.62M
YoY Change 33.69% 60.67%
Cash & Equivalents $67.92M $78.62M
Short-Term Investments
Other Short-Term Assets $14.95M $15.92M
YoY Change -2.9% 11.07%
Inventory $46.51M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $190.4M $154.7M
YoY Change 42.43% 19.28%
LONG-TERM ASSETS
Property, Plant & Equipment $2.799B $2.846B
YoY Change 9.04% 10.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $78.25M $78.71M
YoY Change -3.99% -30.11%
Total Long-Term Assets $3.021B $3.081B
YoY Change 9.94% 11.09%
TOTAL ASSETS
Total Short-Term Assets $190.4M $154.7M
Total Long-Term Assets $3.021B $3.081B
Total Assets $3.212B $3.236B
YoY Change 11.45% 11.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $91.17M $88.76M
YoY Change 1.19% -10.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $96.75M $94.49M
YoY Change -1.68% -11.93%
LONG-TERM LIABILITIES
Long-Term Debt $1.518B $1.656B
YoY Change -7.77% -1.8%
Other Long-Term Liabilities $257.6M $219.4M
YoY Change 98.5% 78.37%
Total Long-Term Liabilities $1.776B $1.875B
YoY Change -0.01% 3.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $96.75M $94.49M
Total Long-Term Liabilities $1.776B $1.875B
Total Liabilities $1.873B $1.970B
YoY Change -0.09% -0.07%
SHAREHOLDERS EQUITY
Retained Earnings $117.9M $130.0M
YoY Change -280.53% -257.45%
Common Stock $1.247M $1.203M
YoY Change 6.13% 2.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.254B $1.184B
YoY Change
Total Liabilities & Shareholders Equity $3.212B $3.236B
YoY Change 11.45% 11.46%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $9.080M $30.76M
YoY Change -74.86% 199.97%
Depreciation, Depletion And Amortization $35.94M $40.66M
YoY Change 28.82% 54.37%
Cash From Operating Activities $36.58M $41.24M
YoY Change 6.03% 5.66%
INVESTING ACTIVITIES
Capital Expenditures $24.41M $104.6M
YoY Change -18.62% 210.73%
Acquisitions
YoY Change
Other Investing Activities $0.00 $26.95M
YoY Change
Cash From Investing Activities -$24.41M -$77.63M
YoY Change -18.62% 130.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.73M 42.55M
YoY Change 19.24% -283.95%
NET CHANGE
Cash From Operating Activities 36.58M 41.24M
Cash From Investing Activities -24.41M -77.63M
Cash From Financing Activities -23.73M 42.55M
Net Change In Cash -11.56M 6.155M
YoY Change -24.92% -134.66%
FREE CASH FLOW
Cash From Operating Activities $36.58M $41.24M
Capital Expenditures $24.41M $104.6M
Free Cash Flow $12.17M -$63.34M
YoY Change 170.36% -1279.61%

Facts In Submission

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CY2024Q2 us-gaap Minority Interest In Operating Partnerships
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