COHERENT CORP
For the period ended Dec 31, 2023. Filed Feb 6, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 6, 2024
COHR$214.66-4.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Equity and Mezzanine Equity –
Coherent Corp and Subsidiaries
Condensed Consolidated Statements of Equity and Mezzanine Equity (Unaudited)
($000, including share amounts)
| Common Stock · Preferred Stock · AOCI · Retained Earnings · Treasury Stock · NCI · Total · Mezzanine Equity | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Amount · Pref Shares · Amount | ||||||||||||
| Balance - June 30, 2023 | 154,721 | $3,781,211 | 2,300 | $445,319 | $109,726 | $944,416 | (15,137) | $(293,121) | $— | $4,987,551 | 215 | $2,241,415 |
| Share-based and deferred compensation activities | 1,804 | 60,748 | — | — | — | — | (366) | (13,932) | — | 46,816 | — | — |
| Conversion of Series A preferred stock | 10,240 | 445,319 | (2,300) | (445,319) | — | — | — | — | — | — | — | — |
| Net loss | — | — | — | — | — | (67,534) | — | — | — | (67,534) | — | — |
| Foreign currency translation adjustments | — | — | — | — | (107,903) | — | — | — | — | (107,903) | — | — |
| Change in fair value of interest rate swap, net of taxes of $(1,277) | — | — | — | — | (4,662) | — | — | — | — | (4,662) | — | — |
| Change in fair value of interest rate cap, net of taxes of $2,145 | — | — | — | — | 7,600 | — | — | — | — | 7,600 | — | — |
| Pension adjustment, net of taxes of $0 | — | — | — | — | 291 | — | — | — | — | 291 | — | — |
| Dividends | — | — | — | — | — | (30,173) | — | — | — | (30,173) | — | 30,173 |
| Balance - September 30, 2023 | 166,765 | $4,287,278 | — | $— | $5,052 | $846,709 | (15,503) | $(307,053) | $— | $4,831,986 | 215 | $2,271,588 |
| Share-based and deferred compensation activities | 544 | 25,184 | — | — | — | — | (47) | (3,633) | — | 21,551 | — | — |
| Net loss | — | — | — | — | — | (26,991) | — | — | (1,484) | (28,475) | — | — |
| Foreign currency translation adjustments | — | — | — | — | 225,723 | — | — | — | 1,065 | 226,788 | — | — |
| Change in fair value of interest rate swap, net of taxes of $(2,194) | — | — | — | — | (8,013) | — | — | — | — | (8,013) | — | — |
| Change in fair value of interest rate cap, net of taxes of $(5,290) | — | — | — | — | (19,316) | — | — | — | — | (19,316) | — | — |
| Pension adjustment, net of taxes of $0 | — | — | — | — | 57 | — | — | — | — | 57 | — | — |
| Dividends | — | — | — | — | — | (30,580) | — | — | — | (30,580) | — | 30,580 |
| Sale of shares to noncontrolling interests, net of issuance costs and taxes | — | 473,614 | — | — | 2,871 | — | — | — | 373,573 | 850,058 | — | — |
| Balance - December 31, 2023 | 167,309 | $4,786,076 | — | $— | $206,374 | $789,138 | (15,550) | $(310,686) | $373,154 | $5,844,056 | 215 | $2,302,168 |
| Common Stock · Preferred Stock · Accumulated Other Comprehensive Income (Loss) · Retained Earnings · Treasury Stock · Total · Mezzanine Equity | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Amount · Preferred Shares · Amount | |||||||||||
| Balance - June 30, 2022 | 120,923 | $2,064,552 | 2,300 | $445,319 | $(2,167) | $1,348,125 | (13,973) | $(239,354) | $3,616,475 | 75 | $766,803 |
| Share-based and deferred compensation activities | 2,398 | 61,431 | — | — | — | — | (830) | (40,860) | 20,571 | — | — |
| Coherent acquisition | 22,588 | 1,207,591 | — | — | — | — | — | — | 1,207,591 | — | — |
| Convertible debt conversions | 7,181 | 337,940 | — | — | — | — | — | — | 337,940 | — | — |
| Net loss | — | — | — | — | — | (38,698) | — | — | (38,698) | — | — |
| Foreign currency translation adjustments | — | — | — | — | (132,371) | — | — | — | (132,371) | — | — |
| Change in fair value of interest rate swap, net of taxes of $3,452 | — | — | — | — | 12,604 | — | — | — | 12,604 | — | — |
| Change in fair value of interest rate cap, net of taxes of $5,440 | — | — | — | — | 20,464 | — | — | — | 20,464 | — | — |
| Pension adjustment, net of taxes $0 | — | — | — | — | 39 | — | — | — | 39 | — | — |
| Issuance of Series B shares | — | — | — | — | — | — | — | — | — | 140 | 1,358,000 |
| Dividends | — | — | — | — | — | (35,577) | — | — | (35,577) | — | 28,677 |
| Balance - September 30, 2022 | 153,090 | $3,671,514 | 2,300 | $445,319 | $(101,431) | $1,273,850 | (14,803) | $(280,214) | $5,009,038 | 215 | $2,153,480 |
| Share-based and deferred compensation activities | 779 | 32,745 | — | — | — | — | (266) | (9,551) | 23,194 | — | — |
| Net loss | — | — | — | — | — | (45,072) | — | — | (45,072) | — | — |
| Foreign currency translation adjustments | — | — | — | — | 232,035 | — | — | — | 232,035 | — | — |
| Change in fair value of interest rate cap, net of $(1,208) | — | — | — | — | (4,543) | — | — | — | (4,543) | — | — |
| Change in fair value of interest rate swap, net of taxes of $(92) | — | — | — | — | (334) | — | — | — | (334) | — | — |
| Pension adjustment, net of taxes $0 | — | — | — | — | 403 | — | — | — | 403 | — | — |
| Dividends | — | — | — | — | — | (35,931) | — | — | (35,931) | — | 28,992 |
| Balance - December 31, 2022 | 153,869 | $3,704,259 | 2,300 | $445,319 | $126,130 | $1,192,847 | (15,069) | $(289,765) | $5,178,790 | 215 | $2,182,471 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.