2024 Q2 Form 10-Q Financial Statement

#000116330224000022 Filed on May 03, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $4.118B $4.160B
YoY Change -17.77% -6.94%
Cost Of Revenue $3.629B $3.665B
YoY Change -12.79% -7.29%
Gross Profit $489.0M $495.0M
YoY Change -42.27% -4.26%
Gross Profit Margin 11.87% 11.9%
Selling, General & Admin $105.0M $119.0M
YoY Change 1.94% 20.2%
% of Gross Profit 21.47% 24.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $217.0M $210.0M
YoY Change -3.13% -4.98%
% of Gross Profit 44.38% 42.42%
Operating Expenses $105.0M $119.0M
YoY Change 1.94% 20.2%
Operating Profit $181.0M $154.0M
YoY Change -67.91% -18.52%
Interest Expense $2.000M $2.000M
YoY Change -90.0% -92.59%
% of Operating Profit 1.1% 1.3%
Other Income/Expense, Net -$5.000M -$11.00M
YoY Change -16.67% 83.33%
Pretax Income $239.0M $209.0M
YoY Change -61.51% -16.4%
Income Tax $56.00M $38.00M
% Of Pretax Income 23.43% 18.18%
Net Earnings $183.0M $171.0M
YoY Change -61.64% -14.07%
Net Earnings / Revenue 4.44% 4.11%
Basic Earnings Per Share $0.82 $0.76
Diluted Earnings Per Share $0.72 $0.68
COMMON SHARES
Basic Shares Outstanding 224.8M shares 223.7M shares
Diluted Shares Outstanding 254.2M shares 254.6M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.031B $2.221B
YoY Change -34.06% -21.71%
Cash & Equivalents $2.031B $2.221B
Short-Term Investments
Other Short-Term Assets $221.0M $321.0M
YoY Change -37.04% -11.33%
Inventory $2.020B $2.157B
Prepaid Expenses
Receivables $1.678B $1.722B
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.950B $6.421B
YoY Change -24.06% -14.93%
LONG-TERM ASSETS
Property, Plant & Equipment $11.22B $10.81B
YoY Change 18.93% 21.77%
Goodwill $920.0M $920.0M
YoY Change 0.0% 0.0%
Intangibles $426.0M $431.0M
YoY Change -6.78% -7.71%
Long-Term Investments $809.0M $785.0M
YoY Change -2.76% -5.42%
Other Assets $963.0M $941.0M
YoY Change 44.16% 29.44%
Total Long-Term Assets $14.47B $14.03B
YoY Change 15.97% 16.97%
TOTAL ASSETS
Total Short-Term Assets $5.950B $6.421B
Total Long-Term Assets $14.47B $14.03B
Total Assets $20.42B $20.45B
YoY Change 0.53% 4.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.680B $2.948B
YoY Change -13.88% -7.15%
Accrued Expenses $442.0M $418.0M
YoY Change -23.13% -13.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $162.0M $159.0M
YoY Change 65.31% 74.73%
Total Short-Term Liabilities $3.456B $3.748B
YoY Change -15.13% -6.65%
LONG-TERM LIABILITIES
Long-Term Debt $4.078B $4.082B
YoY Change -1.81% 4.64%
Other Long-Term Liabilities $542.0M $516.0M
YoY Change 17.57% 1.38%
Total Long-Term Liabilities $542.0M $516.0M
YoY Change 17.57% 1.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.456B $3.748B
Total Long-Term Liabilities $542.0M $516.0M
Total Liabilities $8.930B $9.156B
YoY Change -5.91% 0.12%
SHAREHOLDERS EQUITY
Retained Earnings $7.211B $7.040B
YoY Change 7.9% 13.24%
Common Stock $288.0M $288.0M
YoY Change 1.05% 1.05%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.442B $1.441B
YoY Change 4.8% 10.76%
Treasury Stock Shares
Shareholders Equity $11.39B $11.20B
YoY Change
Total Liabilities & Shareholders Equity $20.42B $20.45B
YoY Change 0.53% 4.65%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $183.0M $171.0M
YoY Change -61.64% -14.07%
Depreciation, Depletion And Amortization $217.0M $210.0M
YoY Change -3.13% -4.98%
Cash From Operating Activities $474.0M -$28.00M
YoY Change -33.52% -115.47%
INVESTING ACTIVITIES
Capital Expenditures $631.0M $640.0M
YoY Change 2.94% -13.51%
Acquisitions
YoY Change
Other Investing Activities $1.000M $5.000M
YoY Change 0.0%
Cash From Investing Activities -$630.0M -$645.0M
YoY Change 2.94% -12.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -30.00M -$46.00M
YoY Change -120.98% -60.68%
NET CHANGE
Cash From Operating Activities 474.0M -$28.00M
Cash From Investing Activities -630.0M -$645.0M
Cash From Financing Activities -30.00M -$46.00M
Net Change In Cash -186.0M -$726.0M
YoY Change -176.23% 9.01%
FREE CASH FLOW
Cash From Operating Activities $474.0M -$28.00M
Capital Expenditures $631.0M $640.0M
Free Cash Flow -$157.0M -$668.0M
YoY Change -257.0% 19.5%

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Files In Submission

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0001163302-24-000022-index-headers.html Edgar Link pending
0001163302-24-000022-index.html Edgar Link pending
0001163302-24-000022.txt Edgar Link pending
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x-20240331_def.xml Edgar Link unprocessable
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x-20240331_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable
x-20240331_cal.xml Edgar Link unprocessable