2023 Q2 Form 10-Q Financial Statement

#000095017023015296 Filed on April 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $731.3M $704.3M
YoY Change 12.22% 14.21%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $468.3M $469.7M
YoY Change 12.56% 15.24%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.01M $31.57M
YoY Change 9.9% 9.14%
% of Gross Profit
Operating Expenses $596.2M $592.2M
YoY Change 12.47% 14.32%
Operating Profit
YoY Change
Interest Expense -$20.91M -$20.00M
YoY Change 26.23% 26.68%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $96.43M $85.64M
YoY Change -12.06% 7.98%
Income Tax $22.88M $19.09M
% Of Pretax Income 23.73% 22.28%
Net Earnings $72.30M $66.02M
YoY Change -9.72% 8.51%
Net Earnings / Revenue 9.89% 9.37%
Basic Earnings Per Share $0.79 $0.73
Diluted Earnings Per Share $0.79 $0.72
COMMON SHARES
Basic Shares Outstanding 92.03M 91.31M
Diluted Shares Outstanding 91.55M 91.39M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $112.2M $63.83M
YoY Change -12.62% -54.53%
Cash & Equivalents $112.2M $63.83M
Short-Term Investments
Other Short-Term Assets $61.76M $127.6M
YoY Change -30.88% 40.62%
Inventory $5.437M $5.283M
Prepaid Expenses $26.88M $25.81M
Receivables $345.8M $346.4M
Other Receivables $53.55M $17.79M
Total Short-Term Assets $578.8M $537.8M
YoY Change 11.72% 1.45%
LONG-TERM ASSETS
Property, Plant & Equipment $2.202B $1.998B
YoY Change 18.54% 11.26%
Goodwill $2.223B $2.223B
YoY Change 0.79% 1.01%
Intangibles $71.61M $76.25M
YoY Change 1.98%
Long-Term Investments
YoY Change
Other Assets $75.38M $73.18M
YoY Change -17.42% -25.71%
Total Long-Term Assets $4.571B $4.506B
YoY Change 4.74% 4.69%
TOTAL ASSETS
Total Short-Term Assets $578.8M $537.8M
Total Long-Term Assets $4.571B $4.506B
Total Assets $5.150B $5.044B
YoY Change 5.48% 4.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $148.9M $125.7M
YoY Change 33.56% 20.65%
Accrued Expenses $208.2M $185.1M
YoY Change -7.66% -15.39%
Deferred Revenue $4.052M $5.097M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $24.90M $21.25M
YoY Change 17.16% 0.0%
Total Short-Term Liabilities $432.5M $378.1M
YoY Change -2.08% -7.94%
LONG-TERM LIABILITIES
Long-Term Debt $1.372B $1.400B
YoY Change -0.85% -4.38%
Other Long-Term Liabilities $240.9M $128.9M
YoY Change 106.01% -45.74%
Total Long-Term Liabilities $1.613B $1.529B
YoY Change 7.48% 4.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $432.5M $378.1M
Total Long-Term Liabilities $1.613B $1.529B
Total Liabilities $2.229B $2.114B
YoY Change 3.97% -6.46%
SHAREHOLDERS EQUITY
Retained Earnings $291.7M $219.4M
YoY Change 1278.23%
Common Stock $2.629B $2.620B
YoY Change -0.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.921B $2.840B
YoY Change
Total Liabilities & Shareholders Equity $5.150B $5.044B
YoY Change 5.48% 4.34%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $72.30M $66.02M
YoY Change -9.72% 8.51%
Depreciation, Depletion And Amortization $32.01M $31.57M
YoY Change 9.9% 9.14%
Cash From Operating Activities $163.8M $44.41M
YoY Change 9.76% -42.17%
INVESTING ACTIVITIES
Capital Expenditures $90.83M $66.53M
YoY Change -210.89% 31.66%
Acquisitions
YoY Change
Other Investing Activities $66.00K $794.0K
YoY Change -101.58% 72.61%
Cash From Investing Activities -$90.77M -$66.91M
YoY Change 5.43% 34.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -24.66M -11.32M
YoY Change -67.17% -44.9%
NET CHANGE
Cash From Operating Activities 163.8M 44.41M
Cash From Investing Activities -90.77M -66.91M
Cash From Financing Activities -24.66M -11.32M
Net Change In Cash 48.34M -33.82M
YoY Change -502.9% -616.02%
FREE CASH FLOW
Cash From Operating Activities $163.8M $44.41M
Capital Expenditures $90.83M $66.53M
Free Cash Flow $72.94M -$22.12M
YoY Change -68.44% -184.22%

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