2024 Q2 Form 10-Q Financial Statement

#000089056424000013 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $1.035B $1.049B
YoY Change -8.51% -7.07%
Cost Of Revenue $733.6M $752.8M
YoY Change -8.82% -6.18%
Gross Profit $301.1M $296.2M
YoY Change -7.72% -9.25%
Gross Profit Margin 29.1% 28.24%
Selling, General & Admin $205.6M $210.2M
YoY Change -2.33% -6.2%
% of Gross Profit 68.28% 70.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.10M $24.50M
YoY Change -39.36% -1.61%
% of Gross Profit 5.01% 8.27%
Operating Expenses $220.7M $210.2M
YoY Change -3.37% -6.2%
Operating Profit $80.40M $70.90M
YoY Change -17.88% -15.8%
Interest Expense -$15.80M $17.60M
YoY Change 0.0% 14.29%
% of Operating Profit -19.65% 24.82%
Other Income/Expense, Net
YoY Change
Pretax Income $64.60M $53.30M
YoY Change -21.32% -22.53%
Income Tax $17.40M $15.20M
% Of Pretax Income 26.93% 28.52%
Net Earnings $47.20M $38.10M
YoY Change -21.46% -23.03%
Net Earnings / Revenue 4.56% 3.63%
Basic Earnings Per Share $1.03 $0.82
Diluted Earnings Per Share $1.02 $0.81
COMMON SHARES
Basic Shares Outstanding 45.90M shares 46.50M shares
Diluted Shares Outstanding 46.10M shares 46.90M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $132.2M $158.4M
YoY Change 40.94% 143.69%
Cash & Equivalents $132.2M $158.4M
Short-Term Investments
Other Short-Term Assets $17.50M $19.10M
YoY Change -64.72% 23.23%
Inventory
Prepaid Expenses $42.80M $30.60M
Receivables $721.4M $725.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $913.9M $933.4M
YoY Change -6.01% 0.71%
LONG-TERM ASSETS
Property, Plant & Equipment $79.10M $82.90M
YoY Change -38.73% 15.46%
Goodwill $1.894B $1.894B
YoY Change -0.02% 0.03%
Intangibles $740.5M $755.6M
YoY Change -8.16% -8.33%
Long-Term Investments
YoY Change
Other Assets $35.70M $32.30M
YoY Change 10.19% 10.62%
Total Long-Term Assets $2.537B $2.555B
YoY Change -2.01% -1.66%
TOTAL ASSETS
Total Short-Term Assets $913.9M $933.4M
Total Long-Term Assets $2.537B $2.555B
Total Assets $3.451B $3.489B
YoY Change -3.1% -1.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.70M $25.90M
YoY Change -6.58% -23.82%
Accrued Expenses $253.2M $253.2M
YoY Change -11.53% -7.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $390.1M $371.7M
YoY Change -6.36% -3.68%
LONG-TERM LIABILITIES
Long-Term Debt $1.035B $1.036B
YoY Change -0.03% 0.09%
Other Long-Term Liabilities $16.40M $16.60M
YoY Change -69.17% 9.93%
Total Long-Term Liabilities $16.40M $16.60M
YoY Change -98.49% 9.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $390.1M $371.7M
Total Long-Term Liabilities $16.40M $16.60M
Total Liabilities $1.643B $1.627B
YoY Change 0.5% 1.6%
SHAREHOLDERS EQUITY
Retained Earnings $1.123B $1.165B
YoY Change -8.26% -3.71%
Common Stock $687.7M $696.2M
YoY Change -2.22% -2.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.808B $1.861B
YoY Change
Total Liabilities & Shareholders Equity $3.451B $3.489B
YoY Change -3.1% -1.04%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $47.20M $38.10M
YoY Change -21.46% -23.03%
Depreciation, Depletion And Amortization $15.10M $24.50M
YoY Change -39.36% -1.61%
Cash From Operating Activities $90.70M $73.30M
YoY Change -19.38% -8.94%
INVESTING ACTIVITIES
Capital Expenditures $5.300M $10.80M
YoY Change -52.68% -7.69%
Acquisitions
YoY Change
Other Investing Activities $100.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$5.200M -$10.80M
YoY Change -53.57% -12.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.300M
YoY Change -98.07%
Cash From Financing Activities -110.7M -$80.00M
YoY Change 52.48% 8.99%
NET CHANGE
Cash From Operating Activities 90.70M $73.30M
Cash From Investing Activities -5.200M -$10.80M
Cash From Financing Activities -110.7M -$80.00M
Net Change In Cash -25.20M -$17.50M
YoY Change -187.8% 230.19%
FREE CASH FLOW
Cash From Operating Activities $90.70M $73.30M
Capital Expenditures $5.300M $10.80M
Free Cash Flow $85.40M $62.50M
YoY Change -15.7% -9.16%

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CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.99
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2024Q1 us-gaap Revenues
Revenues
1049000000 usd
CY2023Q1 us-gaap Revenues
Revenues
1128800000 usd
CY2024Q1 us-gaap Gross Profit
GrossProfit
296200000 usd
CY2023Q1 us-gaap Gross Profit
GrossProfit
326400000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
70900000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
84200000 usd
CY2024Q1 us-gaap Depreciation
Depreciation
9400000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
6800000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15100000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18100000 usd
CY2024Q1 us-gaap Revenues
Revenues
1049000000 usd
CY2023Q1 us-gaap Revenues
Revenues
1128800000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1000000000 usd
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0000890564-24-000013-index-headers.html Edgar Link pending
0000890564-24-000013-index.html Edgar Link pending
0000890564-24-000013.txt Edgar Link pending
0000890564-24-000013-xbrl.zip Edgar Link pending
asgn-20240331.htm Edgar Link pending
asgn-20240331.xsd Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
q1ex311ceocertification302.htm Edgar Link pending
q1ex312cfocertification302.htm Edgar Link pending
q1ex321certificationofceo9.htm Edgar Link pending
q1ex322certificationofcfo9.htm Edgar Link pending
R1.htm Edgar Link pending
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asgn-20240331_cal.xml Edgar Link unprocessable
asgn-20240331_def.xml Edgar Link unprocessable
asgn-20240331_lab.xml Edgar Link unprocessable
asgn-20240331_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
asgn-20240331_htm.xml Edgar Link completed
R4.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending