2024 Q4 Form 10-K Financial Statement

#000167491024000152 Filed on November 22, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024
Revenue $435.5M $1.619B
YoY Change 11.67% 12.16%
Cost Of Revenue $265.2M $1.000B
YoY Change 9.72% 11.26%
Gross Profit $170.3M $618.8M
YoY Change 14.83% 13.65%
Gross Profit Margin 39.1% 38.22%
Selling, General & Admin $81.10M $305.1M
YoY Change 15.36% 15.35%
% of Gross Profit 47.62% 49.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.80M $89.20M
YoY Change 2.49% 23.89%
% of Gross Profit 16.91% 14.41%
Operating Expenses $81.10M $305.1M
YoY Change 15.36% 15.35%
Operating Profit $89.20M $367.2M
YoY Change 14.36% 48.54%
Interest Expense -$18.00M -$71.90M
YoY Change 65.14% 87.73%
% of Operating Profit -20.18% -19.58%
Other Income/Expense, Net $43.20M $41.10M
YoY Change 31.71% 48.91%
Pretax Income $115.3M $283.6M
YoY Change 17.77% 19.92%
Income Tax $26.20M $69.10M
% Of Pretax Income 22.72% 24.37%
Net Earnings $92.30M $211.5M
YoY Change 88.75% -85.1%
Net Earnings / Revenue 21.19% 13.06%
Basic Earnings Per Share $1.63
Diluted Earnings Per Share $0.70 $1.61
COMMON SHARES
Basic Shares Outstanding 128.4M shares 128.9M shares 130.1M shares
Diluted Shares Outstanding 131.0M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $68.30M $68.30M
YoY Change -90.97% -90.97%
Cash & Equivalents $68.30M $68.30M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $61.00M $61.00M
YoY Change -6.87% -6.87%
Inventory $39.70M $39.70M
Prepaid Expenses
Receivables $86.40M $86.40M
Other Receivables $0.00 $0.00
Total Short-Term Assets $255.4M $255.4M
YoY Change -72.73% -72.73%
LONG-TERM ASSETS
Property, Plant & Equipment $1.257B $1.257B
YoY Change 53.65% 15.9%
Goodwill $615.3M
YoY Change 6.45%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $220.4M $220.4M
YoY Change 17.36% 17.36%
Total Long-Term Assets $2.183B $2.183B
YoY Change 11.78% 11.78%
TOTAL ASSETS
Total Short-Term Assets $255.4M $255.4M
Total Long-Term Assets $2.183B $2.183B
Total Assets $2.439B $2.439B
YoY Change -15.61% -15.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $117.4M $117.4M
YoY Change -1.1% -1.1%
Accrued Expenses $212.7M $199.3M
YoY Change -1.48% -2.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $23.80M $37.20M
YoY Change 0.0% 3.05%
Total Short-Term Liabilities $353.9M $353.9M
YoY Change -2.32% -2.32%
LONG-TERM LIABILITIES
Long-Term Debt $1.070B $1.277B
YoY Change -31.51% -27.48%
Other Long-Term Liabilities $373.3M $621.9M
YoY Change 7.64% 10.42%
Total Long-Term Liabilities $1.899B $1.899B
YoY Change -18.29% -18.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $353.9M $353.9M
Total Long-Term Liabilities $1.899B $1.899B
Total Liabilities $2.253B $2.253B
YoY Change -16.14% -16.14%
SHAREHOLDERS EQUITY
Retained Earnings $123.2M
YoY Change -12.44%
Common Stock $1.300M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $185.6M $185.6M
YoY Change
Total Liabilities & Shareholders Equity $2.439B $2.439B
YoY Change -15.61% -15.61%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024
OPERATING ACTIVITIES
Net Income $92.30M $211.5M
YoY Change 88.75% -85.1%
Depreciation, Depletion And Amortization $28.80M $89.20M
YoY Change 2.49% 23.89%
Cash From Operating Activities $101.3M $265.1M
YoY Change 1232.89% -749.75%
INVESTING ACTIVITIES
Capital Expenditures $71.40M $224.4M
YoY Change 30.77% 24.32%
Acquisitions $52.70M
YoY Change 45.18%
Other Investing Activities $46.80M $4.100M
YoY Change -35.18%
Cash From Investing Activities -$24.60M $136.8M
YoY Change -239.77% -93.31%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change -100.0%
Common Stock Issuance & Retirement, Net $226.8M
YoY Change -85.13%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -73.90M -$746.3M
YoY Change -46.49% -55.41%
NET CHANGE
Cash From Operating Activities 101.3M $265.1M
Cash From Investing Activities -24.60M $136.8M
Cash From Financing Activities -73.90M -$746.3M
Net Change In Cash 2.800M -$344.4M
YoY Change -102.48% -204.62%
FREE CASH FLOW
Cash From Operating Activities $101.3M $265.1M
Capital Expenditures $71.40M $224.4M
Free Cash Flow $29.90M $40.70M
YoY Change -163.62% -118.39%

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