2023 Q4 Form 10-Q Financial Statement

#000108622223000285 Filed on November 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $995.0M $965.5M
YoY Change 7.25% 9.48%
Cost Of Revenue $393.4M $383.1M
YoY Change 9.9% 10.57%
Gross Profit $601.6M $582.4M
YoY Change 5.58% 8.77%
Gross Profit Margin 60.46% 60.32%
Selling, General & Admin $273.8M $279.6M
YoY Change 3.13% 6.18%
% of Gross Profit 45.51% 48.01%
Research & Development $109.2M $105.9M
YoY Change 3.62% 12.65%
% of Gross Profit 18.15% 18.19%
Depreciation & Amortization $147.7M $148.5M
YoY Change -0.6% -1.65%
% of Gross Profit 24.55% 25.5%
Operating Expenses $416.5M $385.6M
YoY Change 2.76% 7.88%
Operating Profit $185.1M $176.1M
YoY Change 12.53% 9.78%
Interest Expense $17.10M $4.987M
YoY Change 632.52% 79.07%
% of Operating Profit 9.24% 2.83%
Other Income/Expense, Net -$5.642M -$3.161M
YoY Change 300.43% 1049.45%
Pretax Income $196.2M $179.4M
YoY Change 16.53% 13.43%
Income Tax $35.08M $20.33M
% Of Pretax Income 17.87% 11.33%
Net Earnings $161.2M $160.5M
YoY Change 25.17% 48.44%
Net Earnings / Revenue 16.2% 16.63%
Basic Earnings Per Share $1.06
Diluted Earnings Per Share $1.03 $1.04
COMMON SHARES
Basic Shares Outstanding 150.8M shares 151.7M shares
Diluted Shares Outstanding 155.0M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $864.4M $935.2M
YoY Change -21.75% 8.23%
Cash & Equivalents $489.5M $459.9M
Short-Term Investments $375.0M $475.3M
Other Short-Term Assets $216.1M $214.7M
YoY Change 1340.86% 2.53%
Inventory
Prepaid Expenses
Receivables $724.3M $713.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.805B $1.867B
YoY Change -8.36% 10.13%
LONG-TERM ASSETS
Property, Plant & Equipment $2.735B $2.670B
YoY Change 77.55% 14.9%
Goodwill $2.850B $2.843B
YoY Change 3.13% 3.26%
Intangibles $536.1M $465.2M
YoY Change 21.38% 2.24%
Long-Term Investments $1.431B $1.209B
YoY Change 346.56% 147.44%
Other Assets $542.6M $122.4M
YoY Change 365.69% 16.22%
Total Long-Term Assets $8.095B $7.715B
YoY Change 27.81% 20.32%
TOTAL ASSETS
Total Short-Term Assets $1.805B $1.867B
Total Long-Term Assets $8.095B $7.715B
Total Assets $9.900B $9.582B
YoY Change 19.23% 18.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $146.9M $144.5M
YoY Change 1.04% 21.35%
Accrued Expenses $575.1M $329.4M
YoY Change 56.7% 0.04%
Deferred Revenue $107.5M $124.4M
YoY Change 2.32% 13.3%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $836.0M $810.5M
YoY Change 2.1% 7.63%
LONG-TERM LIABILITIES
Long-Term Debt $3.538B $3.536B
YoY Change 54.83% 54.82%
Other Long-Term Liabilities $904.0M $102.5M
YoY Change 758.45% 7.66%
Total Long-Term Liabilities $4.442B $102.5M
YoY Change 4118.43% 7.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $836.0M $810.5M
Total Long-Term Liabilities $4.442B $102.5M
Total Liabilities $5.303B $5.258B
YoY Change 34.48% 35.72%
SHAREHOLDERS EQUITY
Retained Earnings $2.468B $2.307B
YoY Change 28.52% 32.31%
Common Stock $1.512M $1.583M
YoY Change -3.39% -2.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.597B $4.324B
YoY Change
Total Liabilities & Shareholders Equity $9.900B $9.582B
YoY Change 19.23% 18.19%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $161.2M $160.5M
YoY Change 25.17% 48.44%
Depreciation, Depletion And Amortization $147.7M $148.5M
YoY Change -0.6% -1.65%
Cash From Operating Activities $389.2M $359.4M
YoY Change 13.98% -2.68%
INVESTING ACTIVITIES
Capital Expenditures $218.5M $234.0M
YoY Change 97.25% -338.8%
Acquisitions
YoY Change
Other Investing Activities -$97.31M -$930.2M
YoY Change -703.27% -37928.39%
Cash From Investing Activities -$315.8M -$1.164B
YoY Change 233.67% 1118.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -56.82M 974.7M
YoY Change -68.07% -524.75%
NET CHANGE
Cash From Operating Activities 389.2M 359.4M
Cash From Investing Activities -315.8M -1.164B
Cash From Financing Activities -56.82M 974.7M
Net Change In Cash 16.58M 169.9M
YoY Change -75.93% 283.58%
FREE CASH FLOW
Cash From Operating Activities $389.2M $359.4M
Capital Expenditures $218.5M $234.0M
Free Cash Flow $170.7M $125.4M
YoY Change -26.0% -73.16%

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CY2023Q3 us-gaap Business Combination Acquisition Related Costs
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CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
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