2024 Q3 Form 10-Q Financial Statement

#000177045024000042 Filed on August 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $1.528B $1.578B $1.754B
YoY Change -7.51% -10.03% 0.4%
Cost Of Revenue $1.033B $1.058B $1.157B
YoY Change -7.44% -8.56% -2.77%
Gross Profit $495.0M $520.0M $597.0M
YoY Change -7.65% -12.9% 7.18%
Gross Profit Margin 32.4% 32.95% 34.04%
Selling, General & Admin $370.0M $393.0M $433.0M
YoY Change -11.06% -9.24% -5.66%
% of Gross Profit 74.75% 75.58% 72.53%
Research & Development $45.00M $50.00M $57.00M
YoY Change -13.46% -12.28% -32.14%
% of Gross Profit 9.09% 9.62% 9.55%
Depreciation & Amortization $59.00M $59.00M $62.00M
YoY Change -6.35% -4.84% -8.82%
% of Gross Profit 11.92% 11.35% 10.39%
Operating Expenses $425.0M $453.0M $433.0M
YoY Change 2.16% 4.62% -5.66%
Operating Profit $70.00M $67.00M $164.0M
YoY Change -41.67% -59.15% 67.35%
Interest Expense -$30.00M -$29.00M $46.00M
YoY Change -168.18% -163.04% -6.12%
% of Operating Profit -42.86% -43.28% 28.05%
Other Income/Expense, Net -$30.00M -$27.00M -$147.0M
YoY Change 275.0% -81.63% -1018.75%
Pretax Income -$1.087B $25.00M -$89.00M
YoY Change -1825.4% -128.09% 1680.0%
Income Tax $118.0M $7.000M -$28.00M
% Of Pretax Income 28.0%
Net Earnings -$1.209B $15.00M -$61.00M
YoY Change -2567.35% -124.59% 1425.0%
Net Earnings / Revenue -79.12% 0.95% -3.48%
Basic Earnings Per Share -$9.71 $0.12 -$0.41
Diluted Earnings Per Share -$9.72 $0.12 -$0.41
COMMON SHARES
Basic Shares Outstanding 124.3M shares 124.2M shares 157.0M shares
Diluted Shares Outstanding 124.3M shares 124.2M shares 157.0M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $521.0M $485.0M $477.0M
YoY Change -2.07% 1.68% -58.56%
Cash & Equivalents $521.0M $485.0M $477.0M
Short-Term Investments
Other Short-Term Assets $223.0M $199.0M $218.0M
YoY Change -2.19% -8.72% -6.03%
Inventory $732.0M $737.0M $782.0M
Prepaid Expenses
Receivables $871.0M $917.0M $903.0M
Other Receivables $664.0M $713.0M $940.0M
Total Short-Term Assets $3.011B $3.051B $3.390B
YoY Change -10.23% -10.0% -17.36%
LONG-TERM ASSETS
Property, Plant & Equipment $480.0M $480.0M $259.0M
YoY Change 86.77% 85.33% 14.6%
Goodwill $1.709B $2.719B $2.751B
YoY Change -37.08% -1.16% -14.03%
Intangibles $149.0M $155.0M $194.0M
YoY Change -18.58% -20.1% -13.0%
Long-Term Investments
YoY Change
Other Assets $1.698B $1.809B $1.377B
YoY Change 25.31% 31.37% -22.81%
Total Long-Term Assets $5.311B $6.440B $7.179B
YoY Change -25.09% -10.29% -12.11%
TOTAL ASSETS
Total Short-Term Assets $3.011B $3.051B $3.390B
Total Long-Term Assets $5.311B $6.440B $7.179B
Total Assets $8.322B $9.491B $10.57B
YoY Change -20.32% -10.2% -13.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $895.0M $936.0M $1.041B
YoY Change -13.19% -10.09% -13.75%
Accrued Expenses $979.0M $981.0M $306.0M
YoY Change 204.04% 220.59% -0.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $519.0M $129.0M $891.0M
YoY Change -40.34% -85.52% -19.58%
Total Short-Term Liabilities $2.393B $2.046B $2.949B
YoY Change -20.39% -30.62% -13.65%
LONG-TERM LIABILITIES
Long-Term Debt $2.752B $3.174B $2.225B
YoY Change 0.47% 42.65% -19.5%
Other Long-Term Liabilities $1.646B $1.682B $394.0M
YoY Change 343.67% 326.9% -9.01%
Total Long-Term Liabilities $4.398B $4.856B $394.0M
YoY Change 1085.44% 1132.49% -9.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.393B $2.046B $2.949B
Total Long-Term Liabilities $4.398B $4.856B $394.0M
Total Liabilities $6.805B $6.916B $6.953B
YoY Change -8.31% -0.53% -14.83%
SHAREHOLDERS EQUITY
Retained Earnings $3.570B $4.810B $5.057B
YoY Change -29.59% -4.88% -7.79%
Common Stock $1.247B $1.238B $1.764B
YoY Change -29.79% -29.82% 2.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.517B $2.575B $3.384B
YoY Change
Total Liabilities & Shareholders Equity $8.322B $9.491B $10.57B
YoY Change -20.32% -10.2% -13.86%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$1.209B $15.00M -$61.00M
YoY Change -2567.35% -124.59% 1425.0%
Depreciation, Depletion And Amortization $59.00M $59.00M $62.00M
YoY Change -6.35% -4.84% -8.82%
Cash From Operating Activities $116.0M $123.0M $95.00M
YoY Change -6.45% 29.47% -211.76%
INVESTING ACTIVITIES
Capital Expenditures $9.000M $8.000M $7.000M
YoY Change -25.0% 14.29% -153.85%
Acquisitions
YoY Change
Other Investing Activities $2.000M $6.000M $2.000M
YoY Change -94.59% 200.0% -92.31%
Cash From Investing Activities -$7.000M -$2.000M -$5.000M
YoY Change -128.0% -60.0% -138.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -74.00M -336.0M -220.0M
YoY Change -21.28% 52.73% -49.77%
NET CHANGE
Cash From Operating Activities 116.0M 123.0M 95.00M
Cash From Investing Activities -7.000M -2.000M -5.000M
Cash From Financing Activities -74.00M -336.0M -220.0M
Net Change In Cash 35.00M -215.0M -130.0M
YoY Change -36.36% 65.38% -74.51%
FREE CASH FLOW
Cash From Operating Activities $116.0M $123.0M $95.00M
Capital Expenditures $9.000M $8.000M $7.000M
Free Cash Flow $107.0M $115.0M $88.00M
YoY Change -4.46% 30.68% -222.22%

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