2023 Q2 Form 10-Q Financial Statement

#000157924123000023 Filed on April 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $912.5M $923.0M
YoY Change 18.03% 27.56%
Cost Of Revenue $510.6M $532.0M
YoY Change 11.46% 22.33%
Gross Profit $401.9M $391.0M
YoY Change 27.59% 35.43%
Gross Profit Margin 44.04% 42.36%
Selling, General & Admin $214.5M $220.0M
YoY Change 27.75% 28.13%
% of Gross Profit 53.37% 56.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.20M $28.30M
YoY Change 38.07% 38.73%
% of Gross Profit 6.77% 7.24%
Operating Expenses $214.5M $220.0M
YoY Change 27.75% 28.13%
Operating Profit $187.4M $171.0M
YoY Change 27.4% 46.15%
Interest Expense -$22.80M $23.60M
YoY Change -232.56% 98.32%
% of Operating Profit -12.17% 13.8%
Other Income/Expense, Net $700.0K $300.0K
YoY Change -79.41% -86.36%
Pretax Income $162.5M $147.7M
YoY Change 21.91% 37.65%
Income Tax $20.50M $24.10M
% Of Pretax Income 12.62% 16.32%
Net Earnings $142.0M $123.5M
YoY Change 23.37% 32.8%
Net Earnings / Revenue 15.56% 13.38%
Basic Earnings Per Share $1.62 $1.40
Diluted Earnings Per Share $1.61 $1.40
COMMON SHARES
Basic Shares Outstanding 87.95M shares 87.87M shares
Diluted Shares Outstanding 88.30M shares 88.40M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $322.6M $292.8M
YoY Change -64.92% -4.03%
Cash & Equivalents $322.6M $292.8M
Short-Term Investments
Other Short-Term Assets $46.30M $42.90M
YoY Change -35.43% -4.67%
Inventory $483.1M $472.7M
Prepaid Expenses
Receivables $423.2M $445.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.275B $1.253B
YoY Change -27.26% 16.35%
LONG-TERM ASSETS
Property, Plant & Equipment $473.8M $319.6M
YoY Change 70.43% 13.82%
Goodwill $1.439B $1.441B
YoY Change 84.26% 80.98%
Intangibles $603.6M $614.8M
YoY Change 46.47% 41.66%
Long-Term Investments $47.30M $46.80M
YoY Change
Other Assets $324.8M $495.3M
YoY Change -24.39% 18.18%
Total Long-Term Assets $2.889B $2.871B
YoY Change 51.98% 48.73%
TOTAL ASSETS
Total Short-Term Assets $1.275B $1.253B
Total Long-Term Assets $2.889B $2.871B
Total Assets $4.164B $4.124B
YoY Change 13.96% 37.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $265.2M $277.8M
YoY Change -4.74% 7.51%
Accrued Expenses $383.0M $378.1M
YoY Change 19.91% 21.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $12.60M $12.60M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $660.8M $668.5M
YoY Change 8.26% 14.96%
LONG-TERM LIABILITIES
Long-Term Debt $2.047B $2.109B
YoY Change 1.42% 47.83%
Other Long-Term Liabilities $315.8M $302.0M
YoY Change 28.64% 18.76%
Total Long-Term Liabilities $2.363B $2.411B
YoY Change 4.37% 43.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $660.8M $668.5M
Total Long-Term Liabilities $2.363B $2.411B
Total Liabilities $3.025B $3.080B
YoY Change 5.26% 36.12%
SHAREHOLDERS EQUITY
Retained Earnings $1.399B $1.297B
YoY Change 35.16% 35.63%
Common Stock $6.200M $20.50M
YoY Change -1.59% 2177.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.139B $1.042B
YoY Change
Total Liabilities & Shareholders Equity $4.164B $4.124B
YoY Change 13.96% 37.13%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $142.0M $123.5M
YoY Change 23.37% 32.8%
Depreciation, Depletion And Amortization $27.20M $28.30M
YoY Change 38.07% 38.73%
Cash From Operating Activities $161.1M $69.00M
YoY Change 81.83% 236.59%
INVESTING ACTIVITIES
Capital Expenditures $17.70M $22.30M
YoY Change -211.32% -356.32%
Acquisitions
YoY Change
Other Investing Activities $7.900M -$7.500M
YoY Change -564.71% 212.5%
Cash From Investing Activities -$9.800M -$51.40M
YoY Change -44.32% 715.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -123.0M -$15.40M
YoY Change -122.23% -85.32%
NET CHANGE
Cash From Operating Activities 161.1M $69.00M
Cash From Investing Activities -9.800M -$51.40M
Cash From Financing Activities -123.0M -$15.40M
Net Change In Cash 28.30M $4.800M
YoY Change -95.47% -105.17%
FREE CASH FLOW
Cash From Operating Activities $161.1M $69.00M
Capital Expenditures $17.70M $22.30M
Free Cash Flow $143.4M $46.70M
YoY Change 37.22% 59.93%

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CY2023Q1 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
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CY2023Q1 us-gaap Standard Product Warranty Accrual
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CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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107300000 usd

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