2023 Q4 Form 10-K Financial Statement

#000167491023000125 Filed on November 20, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023
Revenue $373.4M $390.0M $1.444B
YoY Change 12.2% 16.28% 16.78%
Cost Of Revenue $238.6M $241.7M $899.0M
YoY Change 11.5% 17.16% 18.34%
Gross Profit $134.8M $148.3M $544.5M
YoY Change 13.47% 14.87% 14.29%
Gross Profit Margin 36.1% 38.03% 37.72%
Selling, General & Admin $74.50M $70.30M $264.5M
YoY Change 12.88% 13.2% 8.09%
% of Gross Profit 55.27% 47.4% 48.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.60M $28.10M $72.00M
YoY Change 32.97% -880.56% 0.84%
% of Gross Profit 18.25% 18.95% 13.22%
Operating Expenses $74.50M $70.30M $264.5M
YoY Change 12.88% 13.2% 8.09%
Operating Profit $62.80M $78.00M $247.2M
YoY Change 114.33% 16.42% 6.69%
Interest Expense -$13.60M -$10.90M -$38.30M
YoY Change -27.27% -39.78% -44.73%
% of Operating Profit -21.66% -13.97% -15.49%
Other Income/Expense, Net -$800.0K $32.80M $27.60M
YoY Change -55.56% -200.0% 1154.55%
Pretax Income $45.80M $97.90M $236.5M
YoY Change 563.77% 575.17% 64.12%
Income Tax $11.90M $22.90M $37.10M
% Of Pretax Income 25.98% 23.39% 15.69%
Net Earnings $31.90M $48.90M $1.420B
YoY Change -61.05% -68.99% 234.6%
Net Earnings / Revenue 8.54% 12.54% 98.35%
Basic Earnings Per Share $0.24 $8.79
Diluted Earnings Per Share $0.24 $0.35 $8.73
COMMON SHARES
Basic Shares Outstanding 130.7M shares 138.7M shares 161.6M shares
Diluted Shares Outstanding 132.7M shares 162.6M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $540.4M $756.6M $756.6M
YoY Change 2473.33% 3133.33% 3133.33%
Cash & Equivalents $420.7M $409.1M $409.1M
Short-Term Investments $119.7M $347.5M $347.5M
Other Short-Term Assets $55.20M $65.50M $65.50M
YoY Change -96.53% -95.64% -95.64%
Inventory $31.50M $33.30M $33.30M
Prepaid Expenses
Receivables $83.50M $81.30M $81.30M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $710.6M $936.7M $936.7M
YoY Change -58.23% -42.22% -42.22%
LONG-TERM ASSETS
Property, Plant & Equipment $841.5M $818.3M $1.085B
YoY Change 21.38% -10.73% 18.34%
Goodwill $578.0M
YoY Change 5.44%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $198.5M $187.8M $187.8M
YoY Change 29.82% -13.02% -13.02%
Total Long-Term Assets $1.999B $1.953B $1.953B
YoY Change 8.03% 8.77% 8.77%
TOTAL ASSETS
Total Short-Term Assets $710.6M $936.7M $936.7M
Total Long-Term Assets $1.999B $1.953B $1.953B
Total Assets $2.709B $2.890B $2.890B
YoY Change -23.71% -15.42% -15.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $77.20M $118.7M $118.7M
YoY Change 65.67% 163.78% 163.78%
Accrued Expenses $216.4M $215.9M $203.6M
YoY Change 23.52% 25.09% 17.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $23.80M $23.80M $36.10M
YoY Change -89.4% -85.35% -77.78%
Total Short-Term Liabilities $317.4M $362.3M $362.3M
YoY Change -65.66% -60.59% -60.59%
LONG-TERM LIABILITIES
Long-Term Debt $1.557B $1.562B $1.761B
YoY Change -6.0% 2.44% 15.48%
Other Long-Term Liabilities $346.5M $346.8M $563.2M
YoY Change 40.45% -47.9% -15.4%
Total Long-Term Liabilities $2.327B $2.324B $2.324B
YoY Change -0.46% 6.1% 6.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $317.4M $362.3M $362.3M
Total Long-Term Liabilities $2.327B $2.324B $2.324B
Total Liabilities $2.645B $2.687B $2.687B
YoY Change -18.94% -13.62% -13.62%
SHAREHOLDERS EQUITY
Retained Earnings -$200.0K $140.7M
YoY Change -100.08% -50.11%
Common Stock $1.300M $1.300M
YoY Change -23.53% -27.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $64.80M $203.2M $203.2M
YoY Change
Total Liabilities & Shareholders Equity $2.709B $2.890B $2.890B
YoY Change -23.71% -15.42% -15.42%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023
OPERATING ACTIVITIES
Net Income $31.90M $48.90M $1.420B
YoY Change -61.05% -68.99% 234.6%
Depreciation, Depletion And Amortization $24.60M $28.10M $72.00M
YoY Change 32.97% -880.56% 0.84%
Cash From Operating Activities $19.90M $7.600M -$40.80M
YoY Change -328.74% -91.85% -114.36%
INVESTING ACTIVITIES
Capital Expenditures $42.30M $54.60M $180.5M
YoY Change 6.02% -282.0% -236.74%
Acquisitions $8.300M $36.30M
YoY Change -13.54% -28.4%
Other Investing Activities $7.100M $72.20M $0.00
YoY Change -543.75% -308.67% -100.0%
Cash From Investing Activities $172.3M $17.60M $2.044B
YoY Change -403.35% -127.24% -1084.44%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00 $21.80M
YoY Change -100.0% -75.56%
Common Stock Issuance & Retirement, Net $1.525B
YoY Change -1169.28%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$184.7M -138.1M -$1.674B
YoY Change -354.76% 237.65% 664.55%
NET CHANGE
Cash From Operating Activities $19.90M 7.600M -$40.80M
Cash From Investing Activities $172.3M 17.60M $2.044B
Cash From Financing Activities -$184.7M -138.1M -$1.674B
Net Change In Cash $7.600M -112.9M $329.2M
YoY Change -16.48% 817.89% -331.34%
FREE CASH FLOW
Cash From Operating Activities $19.90M $7.600M -$40.80M
Capital Expenditures $42.30M $54.60M $180.5M
Free Cash Flow -$22.40M -$47.00M -$221.3M
YoY Change -53.91% -138.15% -153.17%

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CY2023Q3 us-gaap Debt Instrument Carrying Amount
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022Q3 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
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CY2023Q3 us-gaap Receivables Net Current
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CY2022Q3 us-gaap Receivables Net Current
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CY2023Q3 vvv Notes Receivable Non Current
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CY2022Q3 vvv Notes Receivable Non Current
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CY2023Q3 vvv Other Receivables Noncurrent
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CY2022Q3 vvv Other Receivables Noncurrent
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CY2023Q3 vvv Notes Receivable Non Current Gross
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CY2022Q3 vvv Notes Receivable Non Current Gross
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CY2023Q3 us-gaap Accounts And Financing Receivable Allowance For Credit Loss
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CY2022Q3 us-gaap Accounts And Financing Receivable Allowance For Credit Loss
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CY2023Q3 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
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CY2022Q3 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
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CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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415500000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2023Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
818300000 usd
CY2022Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
668600000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
17500000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
23200000 usd
CY2023 us-gaap Depreciation
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72000000.0 usd
CY2022 us-gaap Depreciation
Depreciation
54700000 usd
CY2021 us-gaap Depreciation
Depreciation
46800000 usd
CY2023Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
818300000 usd
CY2022Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
668600000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
266500000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
248100000 usd
CY2023 dei Auditor Name
AuditorName
Ernst & Young LLP
CY2023 dei Auditor Location
AuditorLocation
Louisville, Kentucky
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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