2023 Q2 Form 10-Q Financial Statement

#000162828023015484 Filed on May 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $125.7M
YoY Change -41.86%
Cash & Equivalents $125.7M
Short-Term Investments
Other Short-Term Assets $1.600M
YoY Change -20.0%
Inventory $405.5M
Prepaid Expenses $39.10M
Receivables $434.6M
Other Receivables $77.40M
Total Short-Term Assets $1.158B
YoY Change 0.35%
LONG-TERM ASSETS
Property, Plant & Equipment $260.2M
YoY Change 19.14%
Goodwill $468.0M
YoY Change -3.03%
Intangibles $1.985B
YoY Change -5.75%
Long-Term Investments
YoY Change
Other Assets $339.3M
YoY Change -12.93%
Total Long-Term Assets $3.053B
YoY Change -4.51%
TOTAL ASSETS
Total Short-Term Assets $1.158B
Total Long-Term Assets $3.053B
Total Assets $4.210B
YoY Change -3.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $547.1M
YoY Change 9.31%
Accrued Expenses $406.7M
YoY Change 3.83%
Deferred Revenue $147.3M
YoY Change 7.99%
Short-Term Debt $1.100M
YoY Change -68.57%
Long-Term Debt Due $12.00M
YoY Change 10.09%
Total Short-Term Liabilities $998.5M
YoY Change 7.7%
LONG-TERM LIABILITIES
Long-Term Debt $1.966B
YoY Change -0.24%
Other Long-Term Liabilities $468.4M
YoY Change -7.5%
Total Long-Term Liabilities $2.434B
YoY Change -1.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $998.5M
Total Long-Term Liabilities $2.434B
Total Liabilities $3.582B
YoY Change 0.17%
SHAREHOLDERS EQUITY
Retained Earnings -$943.0M
YoY Change 24.21%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $628.8M
YoY Change
Total Liabilities & Shareholders Equity $4.210B
YoY Change -3.22%

Cashflow Statement

Concept 2023 Q2 2023 Q1

Facts In Submission

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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the Condensed Consolidated Financial Statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, disclosures of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the periods. These estimates include, among other items, purchase price accounting, assessing the collectability of receivables, the use and recoverability of inventory, the estimation of the fair value of financial instruments, useful lives and recoverability of tangible and intangible assets and impairment of goodwill, assumptions used in our defined benefit pension plans and other post-employment benefit plans, fair value measurement of assets, rebate costs, costs for incentive compensation, the valuation allowance on deferred tax assets and accruals for commitments and contingencies. Management reviews these estimates and assumptions periodically and reflects the effects of any revisions in the Condensed Consolidated Financial Statements in the period management determines any revisions to be necessary. Actual results could differ materially from these estimates.</span></div>
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CY2020Q1 dsey Sale Leaseback Transaction Number Of Properties Sold
SaleLeasebackTransactionNumberOfPropertiesSold
2 property
CY2020Q1 dsey Proceeds From Sale Leaseback Transaction
ProceedsFromSaleLeasebackTransaction
22900000 usd
CY2020Q1 dsey Sale Leaseback Transaction Initial Lease Term
SaleLeasebackTransactionInitialLeaseTerm
P15Y
CY2020Q1 dsey Sale Leaseback Transaction Number Of Properties Sold
SaleLeasebackTransactionNumberOfPropertiesSold
2 property
CY2020Q1 dsey Sale Leaseback Transaction Initial Lease Term
SaleLeasebackTransactionInitialLeaseTerm
P15Y
CY2020Q1 dsey Sale Leaseback Transaction Number Of Lease Renewal Options
SaleLeasebackTransactionNumberOfLeaseRenewalOptions
4 renewal
CY2020Q1 dsey Sale Leaseback Transaction Lease Renewal Term
SaleLeasebackTransactionLeaseRenewalTerm
P5Y
CY2020Q1 dsey Sale Leaseback Transaction Initial Lease Term
SaleLeasebackTransactionInitialLeaseTerm
P15Y
CY2022Q1 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
45300000 usd
CY2022 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
186100000 usd
CY2023Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
14900000 usd
CY2022Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-33700000 usd
CY2023Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1200000 usd
CY2022Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1300000 usd
CY2023Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3000000.0 usd
CY2022Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
900000 usd
CY2023Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3800000 usd
CY2022Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
4500000 usd
CY2023Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
400000 usd
CY2022Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-2300000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11000000.0 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15100000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11000000.0 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15100000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
0 shares
CY2023Q1 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
153000000.0 usd
CY2023Q1 us-gaap Restructuring And Related Cost Cost Incurred To Date1
RestructuringAndRelatedCostCostIncurredToDate1
138000000.0 usd
CY2023Q1 us-gaap Restructuring And Related Cost Expected Cost Remaining1
RestructuringAndRelatedCostExpectedCostRemaining1
15200000 usd
CY2023Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
5100000 usd
CY2023Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
4100000 usd
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
500000 usd
CY2022Q1 us-gaap Restructuring Charges
RestructuringCharges
9800000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
41400000 usd
CY2023Q1 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
500000 usd
CY2023Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
5100000 usd
CY2023Q1 dsey Restructuring Reserve Write Offs
RestructuringReserveWriteOffs
1100000 usd
CY2023Q1 us-gaap Restructuring Reserve
RestructuringReserve
35700000 usd
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
500000 usd
CY2022Q1 us-gaap Restructuring Charges
RestructuringCharges
9800000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1000000.0 usd
CY2022Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-900000 usd
CY2022Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-14300000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
13400000 usd
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q1 us-gaap Revenues
Revenues
696000000.0 usd
CY2022Q1 us-gaap Revenues
Revenues
660000000.0 usd
CY2023Q1 dsey Adjusted Ebitda
AdjustedEBITDA
63300000 usd
CY2022Q1 dsey Adjusted Ebitda
AdjustedEBITDA
75100000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-44300000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-37200000 usd
CY2023Q1 us-gaap Revenues
Revenues
696000000.0 usd
CY2022Q1 us-gaap Revenues
Revenues
660000000.0 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-53600000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-53600000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-39100000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-39100000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
323200000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
323200000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
319600000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
319600000 shares
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
323200000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
323200000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
319600000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
319600000 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12

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