2023 Q4 Form 10-Q Financial Statement

#000167007623000086 Filed on October 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $891.0M $883.0M
YoY Change -1.66% -2.54%
Cost Of Revenue $428.0M $441.0M
YoY Change -6.75% -1.12%
Gross Profit $463.0M $442.0M
YoY Change 3.58% -3.91%
Gross Profit Margin 51.96% 50.06%
Selling, General & Admin $431.0M $443.0M
YoY Change 17.76% 20.71%
% of Gross Profit 93.09% 100.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.00M $13.00M
YoY Change 55.56% 62.5%
% of Gross Profit 3.02% 2.94%
Operating Expenses $466.0M $496.0M
YoY Change 16.5% 19.23%
Operating Profit -$3.000M -$54.00M
YoY Change -106.38% -196.43%
Interest Expense $9.000M $9.000M
YoY Change 80.0% 350.0%
% of Operating Profit
Other Income/Expense, Net $9.000M
YoY Change 350.0%
Pretax Income $6.000M -$45.00M
YoY Change -88.0% -177.59%
Income Tax $43.00M -$13.00M
% Of Pretax Income 716.67%
Net Earnings -$37.00M -$32.00M
YoY Change -192.5% -203.23%
Net Earnings / Revenue -4.15% -3.62%
Basic Earnings Per Share -$0.14
Diluted Earnings Per Share -$0.17 -$0.14
COMMON SHARES
Basic Shares Outstanding 221.1M shares 220.7M shares
Diluted Shares Outstanding 220.8M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $609.0M $640.0M
YoY Change -19.97% -5.04%
Cash & Equivalents $609.0M $640.0M
Short-Term Investments
Other Short-Term Assets $90.00M $112.0M
YoY Change -21.05% 13.13%
Inventory
Prepaid Expenses $21.00M $29.00M
Receivables $93.00M $109.0M
Other Receivables $82.00M $82.00M
Total Short-Term Assets $871.0M $936.0M
YoY Change -14.61% 4.93%
LONG-TERM ASSETS
Property, Plant & Equipment $309.0M $282.0M
YoY Change 36.73% 32.39%
Goodwill
YoY Change
Intangibles $28.00M $28.00M
YoY Change 0.0% 0.0%
Long-Term Investments
YoY Change
Other Assets $330.0M $349.0M
YoY Change 24.53% 35.27%
Total Long-Term Assets $4.122B $3.999B
YoY Change 18.48% 19.23%
TOTAL ASSETS
Total Short-Term Assets $871.0M $936.0M
Total Long-Term Assets $4.122B $3.999B
Total Assets $4.993B $4.935B
YoY Change 10.98% 16.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $134.0M $109.0M
YoY Change 50.56% 39.74%
Accrued Expenses $691.0M $666.0M
YoY Change 14.59% 15.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $251.0M $266.0M
YoY Change 59.87% 37.82%
Total Short-Term Liabilities $1.658B $1.689B
YoY Change 6.62% 16.32%
LONG-TERM LIABILITIES
Long-Term Debt $219.0M $220.0M
YoY Change -19.49% -3.51%
Other Long-Term Liabilities $134.0M $128.0M
YoY Change 38.14% 39.13%
Total Long-Term Liabilities $353.0M $348.0M
YoY Change -4.34% 8.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.658B $1.689B
Total Long-Term Liabilities $353.0M $348.0M
Total Liabilities $4.486B $4.394B
YoY Change 12.43% 16.3%
SHAREHOLDERS EQUITY
Retained Earnings $111.0M $148.0M
YoY Change -9.02% 80.49%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $507.0M $541.0M
YoY Change
Total Liabilities & Shareholders Equity $4.993B $4.935B
YoY Change 10.98% 16.23%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$37.00M -$32.00M
YoY Change -192.5% -203.23%
Depreciation, Depletion And Amortization $14.00M $13.00M
YoY Change 55.56% 62.5%
Cash From Operating Activities -$54.00M -$173.0M
YoY Change -157.45% 64.76%
INVESTING ACTIVITIES
Capital Expenditures $14.00M $14.00M
YoY Change 40.0% -182.35%
Acquisitions
YoY Change
Other Investing Activities $15.00M -$44.00M
YoY Change -155.56% 2.33%
Cash From Investing Activities $1.000M -$58.00M
YoY Change -102.7% -3.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 22.00M 91.00M
YoY Change -26.67% 24.66%
NET CHANGE
Cash From Operating Activities -54.00M -173.0M
Cash From Investing Activities 1.000M -58.00M
Cash From Financing Activities 22.00M 91.00M
Net Change In Cash -31.00M -140.0M
YoY Change -135.63% 52.17%
FREE CASH FLOW
Cash From Operating Activities -$54.00M -$173.0M
Capital Expenditures $14.00M $14.00M
Free Cash Flow -$68.00M -$187.0M
YoY Change -180.95% 112.5%

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