2024 Q2 Form 10-Q Financial Statement

#000081847924000036 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $984.0M $953.0M
YoY Change -4.28% -2.56%
Cost Of Revenue $473.0M $447.0M
YoY Change -1.05% -2.61%
Gross Profit $511.0M $506.0M
YoY Change -7.09% -2.5%
Gross Profit Margin 51.93% 53.1%
Selling, General & Admin $399.0M $415.0M
YoY Change -4.09% -0.24%
% of Gross Profit 78.08% 82.02%
Research & Development $41.00M $42.00M
YoY Change -16.33% -8.7%
% of Gross Profit 8.02% 8.3%
Depreciation & Amortization $86.00M $32.00M
YoY Change 0.0% 3.23%
% of Gross Profit 16.83% 6.32%
Operating Expenses $440.0M $457.0M
YoY Change -5.38% -1.08%
Operating Profit $50.00M $42.00M
YoY Change -41.18% -2200.0%
Interest Expense -$21.00M $18.00M
YoY Change 0.0% -5.26%
% of Operating Profit -42.0% 42.86%
Other Income/Expense, Net $1.000M $7.000M
YoY Change -107.69% -200.0%
Pretax Income $34.00M $31.00M
YoY Change -26.09% -210.71%
Income Tax $38.00M $14.00M
% Of Pretax Income 111.76% 45.16%
Net Earnings -$4.000M $18.00M
YoY Change -104.65% -194.74%
Net Earnings / Revenue -0.41% 1.89%
Basic Earnings Per Share -$0.02 $0.09
Diluted Earnings Per Share -$0.02 $0.09
COMMON SHARES
Basic Shares Outstanding 207.6M shares 207.4M shares
Diluted Shares Outstanding 205.6M shares 208.5M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $279.0M $291.0M
YoY Change -5.42% -8.49%
Cash & Equivalents $279.0M $291.0M
Short-Term Investments
Other Short-Term Assets $280.0M $342.0M
YoY Change -6.04% 8.92%
Inventory $608.0M $613.0M
Prepaid Expenses
Receivables $591.0M $656.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.758B $1.902B
YoY Change -8.44% -2.11%
LONG-TERM ASSETS
Property, Plant & Equipment $789.0M $782.0M
YoY Change -18.07% 1.56%
Goodwill $2.389B $2.400B
YoY Change -11.62% -11.14%
Intangibles $1.559B $1.618B
YoY Change -13.77% -13.1%
Long-Term Investments
YoY Change
Other Assets $240.0M $250.0M
YoY Change -6.25% 21.36%
Total Long-Term Assets $5.139B $5.221B
YoY Change -10.31% -8.88%
TOTAL ASSETS
Total Short-Term Assets $1.758B $1.902B
Total Long-Term Assets $5.139B $5.221B
Total Assets $6.897B $7.123B
YoY Change -9.84% -7.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $287.0M $279.0M
YoY Change 8.3% 4.49%
Accrued Expenses $650.0M $681.0M
YoY Change -10.71% -8.96%
Deferred Revenue $105.0M $102.0M
YoY Change -5.41% 9.68%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $362.0M $343.0M
YoY Change 38.7% 8.54%
Total Short-Term Liabilities $1.323B $1.330B
YoY Change 4.09% -3.2%
LONG-TERM LIABILITIES
Long-Term Debt $1.737B $1.747B
YoY Change -5.65% -5.16%
Other Long-Term Liabilities $466.0M $454.0M
YoY Change -18.96% 12.38%
Total Long-Term Liabilities $2.203B $2.201B
YoY Change -8.82% -2.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.323B $1.330B
Total Long-Term Liabilities $2.203B $2.201B
Total Liabilities $3.833B $3.865B
YoY Change -2.91% -4.21%
SHAREHOLDERS EQUITY
Retained Earnings $152.0M $190.0M
YoY Change -67.17% -53.32%
Common Stock $3.000M $3.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.064B $3.258B
YoY Change
Total Liabilities & Shareholders Equity $6.897B $7.123B
YoY Change -9.84% -7.17%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$4.000M $18.00M
YoY Change -104.65% -194.74%
Depreciation, Depletion And Amortization $86.00M $32.00M
YoY Change 0.0% 3.23%
Cash From Operating Activities $208.0M $25.00M
YoY Change 100.0% -219.05%
INVESTING ACTIVITIES
Capital Expenditures $52.00M $34.00M
YoY Change 57.58% -12.82%
Acquisitions
YoY Change
Other Investing Activities $2.000M -$9.000M
YoY Change -33.33% -550.0%
Cash From Investing Activities -$50.00M -$43.00M
YoY Change 66.67% 16.22%
FINANCING ACTIVITIES
Cash Dividend Paid $29.00M
YoY Change 7.41%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $3.000M
YoY Change
Cash From Financing Activities -171.0M -$14.00M
YoY Change 96.55% -182.35%
NET CHANGE
Cash From Operating Activities 208.0M $25.00M
Cash From Investing Activities -50.00M -$43.00M
Cash From Financing Activities -171.0M -$14.00M
Net Change In Cash -13.00M -$43.00M
YoY Change 0.0% -8.51%
FREE CASH FLOW
Cash From Operating Activities $208.0M $25.00M
Capital Expenditures $52.00M $34.00M
Free Cash Flow $156.0M -$9.000M
YoY Change 119.72% -85.0%

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Files In Submission

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0000818479-24-000036-index-headers.html Edgar Link pending
0000818479-24-000036-index.html Edgar Link pending
0000818479-24-000036.txt Edgar Link pending
0000818479-24-000036-xbrl.zip Edgar Link pending
exhibit311q12024.htm Edgar Link pending
exhibit312q12024.htm Edgar Link pending
exhibit32q12024.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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