2024 Q4 Form 10-Q Financial Statement

#000177045024000050 Filed on November 04, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $1.528B $1.652B
YoY Change -7.51% -5.65%
Cost Of Revenue $1.033B $1.116B
YoY Change -7.44% -6.61%
Gross Profit $495.0M $536.0M
YoY Change -7.65% -3.6%
Gross Profit Margin 32.4% 32.45%
Selling, General & Admin $370.0M $416.0M
YoY Change -11.06% -0.48%
% of Gross Profit 74.75% 77.61%
Research & Development $45.00M $52.00M
YoY Change -13.46% -28.77%
% of Gross Profit 9.09% 9.7%
Depreciation & Amortization $59.00M $63.00M
YoY Change -6.35% -3.08%
% of Gross Profit 11.92% 11.75%
Operating Expenses $425.0M $416.0M
YoY Change 2.16% -16.97%
Operating Profit $70.00M $120.0M
YoY Change -41.67% 118.18%
Interest Expense -$30.00M $44.00M
YoY Change -168.18% -344.44%
% of Operating Profit -42.86% 36.67%
Other Income/Expense, Net -$30.00M -$8.000M
YoY Change 275.0% -260.0%
Pretax Income -$1.087B $63.00M
YoY Change -1825.4% -116.58%
Income Tax $118.0M $15.00M
% Of Pretax Income 23.81%
Net Earnings -$1.209B $49.00M
YoY Change -2567.35% -112.79%
Net Earnings / Revenue -79.12% 2.97%
Basic Earnings Per Share -$9.71 $0.29
Diluted Earnings Per Share -$9.72 $0.28
COMMON SHARES
Basic Shares Outstanding 124.4M shares 124.3M shares 157.1M shares
Diluted Shares Outstanding 124.3M shares 157.1M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $521.0M $532.0M
YoY Change -2.07% -42.92%
Cash & Equivalents $521.0M $532.0M
Short-Term Investments
Other Short-Term Assets $223.0M $228.0M
YoY Change -2.19% -13.96%
Inventory $732.0M $728.0M
Prepaid Expenses
Receivables $871.0M $880.0M
Other Receivables $664.0M $906.0M
Total Short-Term Assets $3.011B $3.354B
YoY Change -10.23% -13.89%
LONG-TERM ASSETS
Property, Plant & Equipment $480.0M $257.0M
YoY Change 86.77% -51.6%
Goodwill $1.709B $2.716B
YoY Change -37.08% -1.34%
Intangibles $149.0M $183.0M
YoY Change -18.58% -15.28%
Long-Term Investments
YoY Change
Other Assets $1.698B $1.355B
YoY Change 25.31% -38.72%
Total Long-Term Assets $5.311B $7.090B
YoY Change -25.09% -5.78%
TOTAL ASSETS
Total Short-Term Assets $3.011B $3.354B
Total Long-Term Assets $5.311B $7.090B
Total Assets $8.322B $10.44B
YoY Change -20.32% -8.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $895.0M $1.031B
YoY Change -13.19% -15.0%
Accrued Expenses $979.0M $322.0M
YoY Change 204.04% -69.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $519.0M $870.0M
YoY Change -40.34% -18.69%
Total Short-Term Liabilities $2.393B $3.006B
YoY Change -20.39% -10.08%
LONG-TERM LIABILITIES
Long-Term Debt $2.752B $2.739B
YoY Change 0.47% 2.35%
Other Long-Term Liabilities $1.646B $371.0M
YoY Change 343.67% -80.71%
Total Long-Term Liabilities $4.398B $371.0M
YoY Change 1085.44% -91.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.393B $3.006B
Total Long-Term Liabilities $4.398B $371.0M
Total Liabilities $6.805B $7.422B
YoY Change -8.31% -6.79%
SHAREHOLDERS EQUITY
Retained Earnings $3.570B $5.070B
YoY Change -29.59% 0.26%
Common Stock $1.247B $1.776B
YoY Change -29.79% 2.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.517B $2.789B
YoY Change
Total Liabilities & Shareholders Equity $8.322B $10.44B
YoY Change -20.32% -8.55%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$1.209B $49.00M
YoY Change -2567.35% -112.79%
Depreciation, Depletion And Amortization $59.00M $63.00M
YoY Change -6.35% -3.08%
Cash From Operating Activities $116.0M $124.0M
YoY Change -6.45% -1650.0%
INVESTING ACTIVITIES
Capital Expenditures $9.000M $12.00M
YoY Change -25.0% -220.0%
Acquisitions
YoY Change
Other Investing Activities $2.000M $37.00M
YoY Change -94.59% -260.87%
Cash From Investing Activities -$7.000M $25.00M
YoY Change -128.0% -175.76%
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 -94.00M
YoY Change -21.28% -44.05%
NET CHANGE
Cash From Operating Activities 116.0M 124.0M
Cash From Investing Activities -7.000M 25.00M
Cash From Financing Activities -74.00M -94.00M
Net Change In Cash 35.00M 55.00M
YoY Change -36.36% -126.32%
FREE CASH FLOW
Cash From Operating Activities $116.0M $124.0M
Capital Expenditures $9.000M $12.00M
Free Cash Flow $107.0M $112.0M
YoY Change -4.46% 5500.0%

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