2024 Q3 Form 10-Q Financial Statement
#000116600324000073 Filed on August 01, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
Revenue | $2.053B | $2.079B |
YoY Change | 3.69% | 8.45% |
Cost Of Revenue | $829.0M | $838.0M |
YoY Change | -1.66% | 0.48% |
Gross Profit | $1.224B | $1.241B |
YoY Change | 7.65% | 14.59% |
Gross Profit Margin | 59.62% | 59.69% |
Selling, General & Admin | $873.0M | $875.0M |
YoY Change | 5.95% | 9.65% |
% of Gross Profit | 71.32% | 70.51% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $126.0M | $122.0M |
YoY Change | 14.55% | 14.02% |
% of Gross Profit | 10.29% | 9.83% |
Operating Expenses | $1.032B | $1.030B |
YoY Change | 6.06% | 8.31% |
Operating Profit | $176.0M | $197.0M |
YoY Change | 14.29% | 84.11% |
Interest Expense | -$56.00M | -$56.00M |
YoY Change | -236.59% | -230.23% |
% of Operating Profit | -31.82% | -28.43% |
Other Income/Expense, Net | $15.00M | $6.000M |
YoY Change | 275.0% | 100.0% |
Pretax Income | $135.0M | $147.0M |
YoY Change | 15.38% | 234.09% |
Income Tax | $40.00M | -$3.000M |
% Of Pretax Income | 29.63% | -2.04% |
Net Earnings | $95.00M | $150.0M |
YoY Change | 13.1% | 354.55% |
Net Earnings / Revenue | 4.63% | 7.22% |
Basic Earnings Per Share | $0.81 | $1.29 |
Diluted Earnings Per Share | $0.79 | $1.25 |
COMMON SHARES | ||
Basic Shares Outstanding | 116.4M shares | 116.3M shares |
Diluted Shares Outstanding | 120.0M shares | 120.0M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $378.0M | $250.0M |
YoY Change | 6.48% | -13.79% |
Cash & Equivalents | $378.0M | $250.0M |
Short-Term Investments | ||
Other Short-Term Assets | $212.0M | $210.0M |
YoY Change | 6.53% | -6.25% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $1.064B | $1.088B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $1.654B | $1.548B |
YoY Change | 2.54% | 1.71% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $3.357B | $3.305B |
YoY Change | 62.02% | 62.25% |
Goodwill | $1.516B | $1.481B |
YoY Change | 3.48% | -0.8% |
Intangibles | $381.0M | $392.0M |
YoY Change | 4.1% | 2.35% |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $266.0M | $262.0M |
YoY Change | 22.58% | 23.0% |
Total Long-Term Assets | $6.269B | $6.182B |
YoY Change | 30.2% | 27.99% |
TOTAL ASSETS | ||
Total Short-Term Assets | $1.654B | $1.548B |
Total Long-Term Assets | $6.269B | $6.182B |
Total Assets | $7.923B | $7.729B |
YoY Change | 23.26% | 21.68% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $445.0M | $477.0M |
YoY Change | -5.92% | 2.8% |
Accrued Expenses | $939.0M | $901.0M |
YoY Change | 0.11% | -0.99% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $68.00M | $64.00M |
YoY Change | 3.03% | -3.03% |
Total Short-Term Liabilities | $1.563B | $1.542B |
YoY Change | 2.69% | 0.59% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $3.343B | $3.330B |
YoY Change | 36.62% | 35.81% |
Other Long-Term Liabilities | $303.0M | $294.0M |
YoY Change | 15.65% | 11.36% |
Total Long-Term Liabilities | $4.719B | $4.688B |
YoY Change | 27.23% | 26.7% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.563B | $1.542B |
Total Long-Term Liabilities | $4.719B | $4.688B |
Total Liabilities | $6.282B | $6.230B |
YoY Change | 20.09% | 19.05% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $496.0M | $402.0M |
YoY Change | 290.55% | 834.88% |
Common Stock | $0.00 | $0.00 |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $1.641B | $1.499B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $7.923B | $7.729B |
YoY Change | 23.26% | 21.68% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $95.00M | $150.0M |
YoY Change | 13.1% | 354.55% |
Depreciation, Depletion And Amortization | $126.0M | $122.0M |
YoY Change | 14.55% | 14.02% |
Cash From Operating Activities | $261.0M | $211.0M |
YoY Change | 12.02% | 61.07% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $127.0M | $190.0M |
YoY Change | -8.63% | 45.04% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $12.00M | $6.000M |
YoY Change | 50.0% | 20.0% |
Cash From Investing Activities | -$115.0M | -$184.0M |
YoY Change | -12.21% | 46.03% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -23.00M | -6.000M |
YoY Change | -34.29% | -76.92% |
NET CHANGE | ||
Cash From Operating Activities | 261.0M | 211.0M |
Cash From Investing Activities | -115.0M | -184.0M |
Cash From Financing Activities | -23.00M | -6.000M |
Net Change In Cash | 123.0M | 21.00M |
YoY Change | 83.58% | -200.0% |
FREE CASH FLOW | ||
Cash From Operating Activities | $261.0M | $211.0M |
Capital Expenditures | $127.0M | $190.0M |
Free Cash Flow | $134.0M | $21.00M |
YoY Change | 42.55% |
Facts In Submission
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CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
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CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
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CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
116000000 | shares |
CY2023Q4 | us-gaap |
Restricted Cash Noncurrent Asset Statement Of Financial Position Extensible List
RestrictedCashNoncurrentAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent | |
CY2024Q2 | us-gaap |
Restricted Cash Noncurrent Asset Statement Of Financial Position Extensible List
RestrictedCashNoncurrentAssetStatementOfFinancialPositionExtensibleList
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Common Stock Shares Outstanding
CommonStockSharesOutstanding
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Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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Net Cash Provided By Used In Investing Activities Continuing Operations
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Proceeds From Issuance Of Debt
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Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
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Payments For Repurchase Of Debt
PaymentsForRepurchaseOfDebt
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Payments For Repurchase Of Debt
PaymentsForRepurchaseOfDebt
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Repayments Of Longterm Debt And Finance Leases
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Repayments Of Longterm Debt And Finance Leases
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Payments Of Debt Issuance Costs
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Payments Of Debt Issuance Costs
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us-gaap |
Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
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Payments Related To Tax Withholding For Share Based Compensation
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us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
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Proceeds From Payments For Other Financing Activities
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Proceeds From Payments For Other Financing Activities
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us-gaap |
Net Cash Provided By Used In Financing Activities
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us-gaap |
Net Cash Provided By Used In Financing Activities
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us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
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Cash Provided By Used In Operating Activities Discontinued Operations
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Cash Provided By Used In Investing Activities Discontinued Operations
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Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
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Net Cash Provided By Used In Discontinued Operations
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Net Cash Provided By Used In Discontinued Operations
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Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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Stock Issued During Period Value Share Based Compensation Exercised And Vested
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Adjustments Related To Tax Withholding For Share Based Compensation
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Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
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Adjustments Related To Tax Withholding For Share Based Compensation
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StockholdersEquity
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StockholdersEquity
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Cash And Cash Equivalents Fair Value Disclosure
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Revenues
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Revenues
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Revenues
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Depreciation And Amortization
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us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
208000000 | usd | |
CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2079000000 | usd |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1917000000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4097000000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3824000000 | usd | |
CY2023Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
11000000 | usd |
us-gaap |
Restructuring Charges
RestructuringCharges
|
11000000 | usd | |
us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
16000000 | usd | |
us-gaap |
Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
|
0 | usd | |
CY2024Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
7000000 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
5000000 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
-2000000 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
0 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
1000000 | usd |
CY2024Q2 | us-gaap |
Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
|
2000000 | usd |
CY2023Q2 | us-gaap |
Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
|
2000000 | usd |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
21000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
-11000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
1000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
1000000 | usd | |
us-gaap |
Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
|
5000000 | usd | |
us-gaap |
Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
|
4000000 | usd | |
CY2024Q2 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
3505000000 | usd |
CY2023Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
3519000000 | usd |
CY2024Q2 | xpo |
Short Term Debt And Current Maturities Of Long Term Debt
ShortTermDebtAndCurrentMaturitiesOfLongTermDebt
|
64000000 | usd |
CY2023Q4 | xpo |
Short Term Debt And Current Maturities Of Long Term Debt
ShortTermDebtAndCurrentMaturitiesOfLongTermDebt
|
69000000 | usd |
CY2024Q2 | xpo |
Long Term Debt And Capital Lease Obligations Excluding Current Maturities And Short Term Debt
LongTermDebtAndCapitalLeaseObligationsExcludingCurrentMaturitiesAndShortTermDebt
|
3441000000 | usd |
CY2023Q4 | xpo |
Long Term Debt And Capital Lease Obligations Excluding Current Maturities And Short Term Debt
LongTermDebtAndCapitalLeaseObligationsExcludingCurrentMaturitiesAndShortTermDebt
|
3450000000 | usd |
CY2024Q2 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
3546000000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
3583000000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
|
150000000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
|
31000000 | usd |
us-gaap |
Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
|
217000000 | usd | |
us-gaap |
Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
|
48000000 | usd | |
CY2024Q2 | us-gaap |
Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
|
0 | usd |
CY2023Q2 | us-gaap |
Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
|
2000000 | usd |
us-gaap |
Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
|
0 | usd | |
us-gaap |
Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
|
-1000000 | usd | |
CY2024Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
150000000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
33000000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
217000000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
47000000 | usd | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
116000000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
116000000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
116000000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
116000000 | shares | |
CY2024Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
4000000 | shares |
CY2023Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2000000 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
4000000 | shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000000 | shares | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
120000000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
118000000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
120000000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
117000000 | shares | |
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.29 | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.27 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.87 | ||
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.42 | ||
CY2024Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0 | |
CY2023Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.01 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0 | ||
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.01 | ||
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.29 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.28 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.87 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.41 | ||
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.25 | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.27 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.81 | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.41 | ||
CY2024Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0 | |
CY2023Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.01 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0 | ||
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-0.01 | ||
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.25 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.28 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.81 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.40 | ||
CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |