2023 Q3 Form 10-Q Financial Statement

#000089056423000015 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $1.117B $1.131B
YoY Change -6.77% -0.95%
Cost Of Revenue $794.4M $804.6M
YoY Change -5.32% 0.85%
Gross Profit $322.4M $326.3M
YoY Change -10.17% -5.15%
Gross Profit Margin 28.87% 28.85%
Selling, General & Admin $206.0M $210.5M
YoY Change -11.44% -4.49%
% of Gross Profit 63.9% 64.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.000M $24.90M
YoY Change -60.89% 308.2%
% of Gross Profit 2.17% 7.63%
Operating Expenses $206.0M $228.4M
YoY Change -17.76% 3.63%
Operating Profit $98.60M $97.90M
YoY Change -9.04% -11.08%
Interest Expense $18.50M -$15.80M
YoY Change -252.89% -256.44%
% of Operating Profit 18.76% -16.14%
Other Income/Expense, Net
YoY Change
Pretax Income $80.10M $82.10M
YoY Change -16.82% -17.9%
Income Tax $20.70M $22.00M
% Of Pretax Income 25.84% 26.8%
Net Earnings $59.40M $60.10M
YoY Change -18.85% -17.1%
Net Earnings / Revenue 5.32% 5.31%
Basic Earnings Per Share $1.23 $1.23
Diluted Earnings Per Share $1.23 $1.22
COMMON SHARES
Basic Shares Outstanding 48.40M shares 49.30M shares
Diluted Shares Outstanding 48.40M shares 49.20M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $145.6M $93.80M
YoY Change -31.06% -80.88%
Cash & Equivalents $145.6M $93.80M
Short-Term Investments
Other Short-Term Assets $18.30M $49.60M
YoY Change 17.31% 224.18%
Inventory
Prepaid Expenses $25.40M $33.20M
Receivables $804.6M $828.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $993.9M $972.3M
YoY Change -11.26% -28.84%
LONG-TERM ASSETS
Property, Plant & Equipment $78.60M $129.1M
YoY Change 26.16% 116.97%
Goodwill $1.894B $1.894B
YoY Change 4.85% 21.4%
Intangibles $788.5M $806.3M
YoY Change -3.63% 14.68%
Long-Term Investments
YoY Change
Other Assets $37.10M $32.40M
YoY Change 67.12% 41.48%
Total Long-Term Assets $2.585B $2.589B
YoY Change 3.77% 19.96%
TOTAL ASSETS
Total Short-Term Assets $993.9M $972.3M
Total Long-Term Assets $2.585B $2.589B
Total Assets $3.579B $3.561B
YoY Change -0.89% 1.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.10M $24.30M
YoY Change -4.18% -25.91%
Accrued Expenses $271.3M $286.2M
YoY Change -23.08% -20.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $443.2M $416.6M
YoY Change -9.97% -15.39%
LONG-TERM LIABILITIES
Long-Term Debt $1.038B $1.036B
YoY Change -4.01% 0.12%
Other Long-Term Liabilities $15.40M $53.20M
YoY Change 13.24% 277.3%
Total Long-Term Liabilities $15.40M $1.089B
YoY Change 13.24% 7622.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $443.2M $416.6M
Total Long-Term Liabilities $15.40M $1.089B
Total Liabilities $1.670B $1.635B
YoY Change -3.01% -2.02%
SHAREHOLDERS EQUITY
Retained Earnings $1.208B $1.224B
YoY Change 1.5% 4.98%
Common Stock $702.4M $703.3M
YoY Change -0.11% 1.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.909B $1.927B
YoY Change
Total Liabilities & Shareholders Equity $3.579B $3.561B
YoY Change -0.89% 1.04%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $59.40M $60.10M
YoY Change -18.85% -17.1%
Depreciation, Depletion And Amortization $7.000M $24.90M
YoY Change -60.89% 308.2%
Cash From Operating Activities $147.5M $112.5M
YoY Change 67.42% 27.26%
INVESTING ACTIVITIES
Capital Expenditures $9.800M $11.20M
YoY Change -213.95% -227.27%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$9.800M -$11.20M
YoY Change -97.28% 77.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -85.60M -72.60M
YoY Change 1196.97% -22.52%
NET CHANGE
Cash From Operating Activities 147.5M 112.5M
Cash From Investing Activities -9.800M -11.20M
Cash From Financing Activities -85.60M -72.60M
Net Change In Cash 52.10M 28.70M
YoY Change -118.67% -347.41%
FREE CASH FLOW
Cash From Operating Activities $147.5M $112.5M
Capital Expenditures $9.800M $11.20M
Free Cash Flow $137.7M $101.3M
YoY Change 42.4% 4.22%

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0
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.22
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.21
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.69
CY2022Q2 us-gaap Revenues
Revenues
1141800000 usd
us-gaap Revenues
Revenues
2259700000 usd
us-gaap Revenues
Revenues
2232800000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
326300000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
344000000.0 usd
us-gaap Gross Profit
GrossProfit
652700000 usd
us-gaap Gross Profit
GrossProfit
670600000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
97900000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
110100000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
182100000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
210700000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
7000000.0 usd
CY2022Q2 us-gaap Depreciation
Depreciation
6100000 usd
us-gaap Depreciation
Depreciation
13800000 usd
us-gaap Depreciation
Depreciation
12300000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17900000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13500000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
36000000.0 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27400000 usd
CY2023Q2 us-gaap Revenues
Revenues
1130900000 usd
CY2022Q2 us-gaap Revenues
Revenues
1141800000 usd
us-gaap Revenues
Revenues
2259700000 usd
us-gaap Revenues
Revenues
2232800000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
1000000000 usd
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0000890564-23-000015-index-headers.html Edgar Link pending
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0000890564-23-000015.txt Edgar Link pending
0000890564-23-000015-xbrl.zip Edgar Link pending
asgn-20230630.htm Edgar Link pending
asgn-20230630.xsd Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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q2ex311ceocertification302.htm Edgar Link pending
q2ex312cfocertification302.htm Edgar Link pending
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asgn-20230630_htm.xml Edgar Link completed
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