2023 Q3 Form 10-Q Financial Statement

#000157924123000039 Filed on July 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $917.9M $912.5M
YoY Change 0.46% 18.03%
Cost Of Revenue $514.6M $510.6M
YoY Change -5.7% 11.46%
Gross Profit $403.3M $401.9M
YoY Change 9.59% 27.59%
Gross Profit Margin 43.94% 44.04%
Selling, General & Admin $210.2M $214.5M
YoY Change 2.49% 27.75%
% of Gross Profit 52.12% 53.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.20M $27.20M
YoY Change -4.41% 38.07%
% of Gross Profit 6.99% 6.77%
Operating Expenses $210.2M $214.5M
YoY Change 2.49% 27.75%
Operating Profit $193.1M $187.4M
YoY Change 18.54% 27.4%
Interest Expense $22.90M -$22.80M
YoY Change -0.87% -232.56%
% of Operating Profit 11.86% -12.17%
Other Income/Expense, Net -$100.0K $700.0K
YoY Change -106.67% -79.41%
Pretax Income $170.1M $162.5M
YoY Change 27.23% 21.91%
Income Tax $13.70M $20.50M
% Of Pretax Income 8.05% 12.62%
Net Earnings $156.3M $142.0M
YoY Change 36.39% 23.37%
Net Earnings / Revenue 17.03% 15.56%
Basic Earnings Per Share $1.78 $1.62
Diluted Earnings Per Share $1.77 $1.61
COMMON SHARES
Basic Shares Outstanding 87.78M shares 87.95M shares
Diluted Shares Outstanding 88.20M shares 88.30M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $364.3M $322.6M
YoY Change 29.09% -64.92%
Cash & Equivalents $364.3M $322.6M
Short-Term Investments
Other Short-Term Assets $47.40M $46.30M
YoY Change -11.07% -35.43%
Inventory $468.7M $483.1M
Prepaid Expenses
Receivables $439.7M $423.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.320B $1.275B
YoY Change 6.81% -27.26%
LONG-TERM ASSETS
Property, Plant & Equipment $334.9M $473.8M
YoY Change 15.2% 70.43%
Goodwill $1.428B $1.439B
YoY Change 3.98% 84.26%
Intangibles $580.3M $603.6M
YoY Change -3.23% 46.47%
Long-Term Investments $47.00M $47.30M
YoY Change
Other Assets $519.7M $324.8M
YoY Change 17.18% -24.39%
Total Long-Term Assets $2.863B $2.889B
YoY Change 5.75% 51.98%
TOTAL ASSETS
Total Short-Term Assets $1.320B $1.275B
Total Long-Term Assets $2.863B $2.889B
Total Assets $4.183B $4.164B
YoY Change 6.08% 13.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $245.7M $265.2M
YoY Change -7.77% -4.74%
Accrued Expenses $391.5M $383.0M
YoY Change -4.56% 19.91%
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 $649.8M $660.8M
YoY Change -5.72% 8.26%
LONG-TERM LIABILITIES
Long-Term Debt $2.005B $2.047B
YoY Change -9.46% 1.42%
Other Long-Term Liabilities $296.8M $315.8M
YoY Change 20.65% 28.64%
Total Long-Term Liabilities $2.302B $2.363B
YoY Change -6.45% 4.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $649.8M $660.8M
Total Long-Term Liabilities $2.302B $2.363B
Total Liabilities $2.952B $3.025B
YoY Change -6.29% 5.26%
SHAREHOLDERS EQUITY
Retained Earnings $1.516B $1.399B
YoY Change 36.13% 35.16%
Common Stock $12.70M $6.200M
YoY Change 25.74% -1.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.232B $1.139B
YoY Change
Total Liabilities & Shareholders Equity $4.183B $4.164B
YoY Change 6.08% 13.96%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $156.3M $142.0M
YoY Change 36.39% 23.37%
Depreciation, Depletion And Amortization $28.20M $27.20M
YoY Change -4.41% 38.07%
Cash From Operating Activities $151.0M $161.1M
YoY Change -4.43% 81.83%
INVESTING ACTIVITIES
Capital Expenditures $20.70M $17.70M
YoY Change -222.49% -211.32%
Acquisitions
YoY Change
Other Investing Activities -$1.500M $7.900M
YoY Change -99.84% -564.71%
Cash From Investing Activities -$22.20M -$9.800M
YoY Change -97.64% -44.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -81.50M -123.0M
YoY Change -151.68% -122.23%
NET CHANGE
Cash From Operating Activities 151.0M 161.1M
Cash From Investing Activities -22.20M -9.800M
Cash From Financing Activities -81.50M -123.0M
Net Change In Cash 47.30M 28.30M
YoY Change -107.55% -95.47%
FREE CASH FLOW
Cash From Operating Activities $151.0M $161.1M
Capital Expenditures $20.70M $17.70M
Free Cash Flow $130.3M $143.4M
YoY Change -25.5% 37.22%

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CY2022Q2 alle Miscellaneous Other Nonoperating Income Expense
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CY2023Q2 us-gaap Other Nonoperating Income Expense
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CY2023Q2 us-gaap Accrual For Environmental Loss Contingencies
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us-gaap Standard Product Warranty Accrual Payments
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us-gaap Standard Product Warranty Accrual Warranties Issued
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us-gaap Standard Product Warranty Accrual Warranties Issued
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4400000 usd
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
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us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
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CY2023Q2 us-gaap Standard Product Warranty Accrual
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19500000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual
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CY2023Q2 us-gaap Operating Income Loss
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CY2022Q2 us-gaap Operating Income Loss
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CY2023Q2 us-gaap Interest Expense
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InterestExpense
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CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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310200000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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240600000 usd

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