“This has been a transformative period in our company’s evolution, highlighted by our successful tax-free spinoff from MDU Resources on Oct. 31,” said Jeffrey S. Thiede, president and CEO of Everus. “I want to thank our team members for their continued efforts and dedication that ena...
We also provide guidance on adjusted free cash flow ("AFCF") and unlevered free cash flow ("Unlevered FCF"). AFCF is equal to cash flows from operating activities less purchases of property and equipment, plus restructuring payments. Unlevered FCF is AFCF plus tax-effecte...
2024 EXPENSE AND TAX GUIDANCE UPDATE6 The company is updating its 2024 non-GAAP operating expense guidance to a range of$2,125 millionto$2,185 million, and maintaining its 2024 non-GAAP tax rate guidance to be in the range of 24.5% to 26.5%. STRATEGIC AND BUSINESS UPDATES Marc...
Deferred tax liabilities — 697 Other liabilities 6,632 — Total liabilities 107,388 111,577 Stockholders’ equity 519,290 297,312 Total liabilities and stockholders’ equity $ 626,678 $ 408,889 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED)(in thousands, except per share amounts) Three...
second quarter of 2024, compared to the second quarter of 2023, due to the remeasurement of existing uncertain tax positions, offset by a higher benefit from stock-based compensation. In the second quarter of 2024, the non-GAAP ETR was 10.8%, compared to 12.2% in the ...
Effective tax rate 12 % 17 % 12 % 18 % Net income $ 20,838 $ 14,017 49 % $ 62,360 $ 39,098 59 % Diluted earnings per share (EPS) $ 8.02 $ 5.33 50 % $ 23.86 $ 14.87 60 % Fourth Quarter and Full Year 2024 Operational and Other Financial Highlights Family daily active peopl...
(non-GAAP financial measure) was 8.91% atJune 30, 2024compared to 8.53% and 8.26% atMarch 31, 2024andDecember 31, 2023, respectively. If our unrealized held-to-maturity securities losses of$21.7 million(after-tax) were recognized in accumulated other comprehensive loss, our adjusted tan...
2024 2023 2024 2023 (in thousands) (in thousands) GAAP net income (loss) $ 9,754 $ 64,261 $ 9,931 $ (125,283 ) Income tax expense (benefit) 58,388 (62,950 ) 43,234 48,111 Interest income (14,436 ) (11,736 ) (56,437 ) (39,686 ) Interest expense 32,289 39,552...
7. Acquisitions of businesses Fair value of assets and liabilities arising from acquisitions of businesses: (USD millions) Q1 2024 Q1 2023 In-process research and development 339 Cash and cash equivalents 2 Deferred tax liabilities -50 Trade payables and other liabilities -5 Net identifiable assets...
Income tax expense 1,399 Other2 102 Total Adjusted EBITDA $ 69,090 We have not excluded our net gain on fair value of bitcoin ($36,041 and $119,702 in the quarters ended March 31, 2024 andDecember 31, 2023, respectively), which we now record in our statement of operations, as...