2024 Q2 Form 10-Q Financial Statement

#000167007624000079 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $973.0M $865.0M
YoY Change 0.62% 2.0%
Cost Of Revenue $435.0M $422.0M
YoY Change 10.97% -0.24%
Gross Profit $538.0M $443.0M
YoY Change -6.43% 4.24%
Gross Profit Margin 55.29% 51.21%
Selling, General & Admin $496.0M $459.0M
YoY Change 15.08% 11.41%
% of Gross Profit 92.19% 103.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.00M $16.00M
YoY Change 50.0% 45.45%
% of Gross Profit 3.35% 3.61%
Operating Expenses $513.0M $474.0M
YoY Change 3.43% 5.57%
Operating Profit $25.00M -$31.00M
YoY Change -68.35% 24.0%
Interest Expense $7.000M $7.000M
YoY Change -22.22% -12.5%
% of Operating Profit 28.0%
Other Income/Expense, Net $7.000M $7.000M
YoY Change -22.22% -12.5%
Pretax Income $32.00M -$24.00M
YoY Change -63.64% 41.18%
Income Tax $1.000M $2.000M
% Of Pretax Income 3.13%
Net Earnings $31.00M -$26.00M
YoY Change -56.34% 100.0%
Net Earnings / Revenue 3.19% -3.01%
Basic Earnings Per Share $0.14 -$0.12
Diluted Earnings Per Share $0.14 -$0.12
COMMON SHARES
Basic Shares Outstanding 224.0M shares 223.4M shares
Diluted Shares Outstanding 226.6M shares 223.4M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $658.0M $622.0M
YoY Change -15.64% -21.27%
Cash & Equivalents $658.0M $622.0M
Short-Term Investments
Other Short-Term Assets $116.0M $108.0M
YoY Change 58.9% 9.09%
Inventory
Prepaid Expenses $18.00M $19.00M
Receivables $95.00M $98.00M
Other Receivables $82.00M $79.00M
Total Short-Term Assets $947.0M $903.0M
YoY Change -6.14% -13.34%
LONG-TERM ASSETS
Property, Plant & Equipment $350.0M $330.0M
YoY Change -87.92% 36.36%
Goodwill
YoY Change
Intangibles $27.00M $27.00M
YoY Change -3.57% -3.57%
Long-Term Investments
YoY Change
Other Assets $384.0M $348.0M
YoY Change -50.32% 15.23%
Total Long-Term Assets $4.742B $4.303B
YoY Change 28.2% 18.61%
TOTAL ASSETS
Total Short-Term Assets $947.0M $903.0M
Total Long-Term Assets $4.742B $4.303B
Total Assets $5.689B $5.206B
YoY Change 20.84% 11.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $137.0M $131.0M
YoY Change 50.55% 65.82%
Accrued Expenses $744.0M $680.0M
YoY Change 18.47% 9.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $263.0M $265.0M
YoY Change 10.97% 23.26%
Total Short-Term Liabilities $1.821B $1.797B
YoY Change 10.7% 6.96%
LONG-TERM LIABILITIES
Long-Term Debt $189.0M $201.0M
YoY Change -2.07% -5.19%
Other Long-Term Liabilities $110.0M $125.0M
YoY Change -95.23% 17.92%
Total Long-Term Liabilities $299.0M $326.0M
YoY Change -88.03% 2.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.821B $1.797B
Total Long-Term Liabilities $299.0M $326.0M
Total Liabilities $5.169B $4.722B
YoY Change 24.79% 12.91%
SHAREHOLDERS EQUITY
Retained Earnings $116.0M $85.00M
YoY Change -35.56% -22.02%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $520.0M $484.0M
YoY Change
Total Liabilities & Shareholders Equity $5.689B $5.206B
YoY Change 20.84% 11.48%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $31.00M -$26.00M
YoY Change -56.34% 100.0%
Depreciation, Depletion And Amortization $18.00M $16.00M
YoY Change 50.0% 45.45%
Cash From Operating Activities $9.000M -$22.00M
YoY Change -200.0% -12.0%
INVESTING ACTIVITIES
Capital Expenditures $31.00M $17.00M
YoY Change 158.33% 54.55%
Acquisitions
YoY Change
Other Investing Activities $4.000M $3.000M
YoY Change -112.9% 50.0%
Cash From Investing Activities -$27.00M -$7.000M
YoY Change -37.21% -170.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $74.00M
YoY Change 94.74%
Cash From Financing Activities 54.00M $42.00M
YoY Change 28.57% -4.55%
NET CHANGE
Cash From Operating Activities 9.000M -$22.00M
Cash From Investing Activities -27.00M -$7.000M
Cash From Financing Activities 54.00M $42.00M
Net Change In Cash 36.00M $13.00M
YoY Change -460.0% -55.17%
FREE CASH FLOW
Cash From Operating Activities $9.000M -$22.00M
Capital Expenditures $31.00M $17.00M
Free Cash Flow -$22.00M -$39.00M
YoY Change 4.76% 8.33%

Facts In Submission

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<div style="margin-bottom:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the financial statements and accompanying notes. Actual results could differ from those estimates.</span></div>
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CY2024Q1 ecd Rule10b51 Arr Adopted Flag
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