2023 Q3 Form 10-Q Financial Statement

#000162828023026678 Filed on August 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $1.026B $1.046B
YoY Change -0.62% 9.02%
Cost Of Revenue $831.0M $836.9M
YoY Change -2.03% 6.72%
Gross Profit $194.6M $209.1M
YoY Change 5.88% 19.28%
Gross Profit Margin 18.97% 19.99%
Selling, General & Admin $69.80M $85.40M
YoY Change -4.64% 18.12%
% of Gross Profit 35.87% 40.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.60M $35.90M
YoY Change 0.0% -0.28%
% of Gross Profit 18.29% 17.17%
Operating Expenses $69.80M $85.40M
YoY Change -4.64% 18.12%
Operating Profit $125.2M $123.7M
YoY Change 10.6% -1166.38%
Interest Expense -$24.50M -$21.30M
YoY Change 17.79% 58.96%
% of Operating Profit -19.57% -17.22%
Other Income/Expense, Net $0.00 -$16.20M
YoY Change -100.0% -251.4%
Pretax Income $84.50M $82.80M
YoY Change 25.37% -367.96%
Income Tax $4.900M $3.700M
% Of Pretax Income 5.8% 4.47%
Net Earnings $75.70M $76.00M
YoY Change 23.9% -300.0%
Net Earnings / Revenue 7.38% 7.27%
Basic Earnings Per Share $0.59 $0.59
Diluted Earnings Per Share $0.52 $0.52
COMMON SHARES
Basic Shares Outstanding 128.6M shares 128.5M shares
Diluted Shares Outstanding 150.2M shares 150.1M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $432.9M $267.1M
YoY Change 31.54% -2.52%
Cash & Equivalents $432.9M $267.1M
Short-Term Investments
Other Short-Term Assets $73.30M $49.20M
YoY Change -2.4% -42.39%
Inventory $1.354B $1.380B
Prepaid Expenses
Receivables $683.0M $761.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.600B $2.459B
YoY Change 9.72% 6.35%
LONG-TERM ASSETS
Property, Plant & Equipment $1.626B $1.568B
YoY Change 8.66% 5.15%
Goodwill $227.2M $227.2M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $277.9M $180.8M
YoY Change 42.88% -9.24%
Total Long-Term Assets $2.131B $1.976B
YoY Change 11.1% 3.05%
TOTAL ASSETS
Total Short-Term Assets $2.600B $2.459B
Total Long-Term Assets $2.131B $1.976B
Total Assets $4.731B $4.435B
YoY Change 10.34% 4.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $435.0M $467.7M
YoY Change 6.05% 10.86%
Accrued Expenses $246.6M $218.1M
YoY Change -6.24% -0.73%
Deferred Revenue $110.2M $137.8M
YoY Change -8.7% 9.63%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $37.50M $73.90M
YoY Change 29.76% 126.69%
Total Short-Term Liabilities $829.3M $897.5M
YoY Change 0.79% 12.2%
LONG-TERM LIABILITIES
Long-Term Debt $2.148B $1.700B
YoY Change 26.31% -0.2%
Other Long-Term Liabilities $185.3M $528.1M
YoY Change -10.27% 170.82%
Total Long-Term Liabilities $185.3M $2.228B
YoY Change -10.27% 1042.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $829.3M $897.5M
Total Long-Term Liabilities $185.3M $2.228B
Total Liabilities $3.375B $3.241B
YoY Change 0.77% -2.84%
SHAREHOLDERS EQUITY
Retained Earnings $398.7M $323.0M
YoY Change 298.7% 730.33%
Common Stock $1.703B $1.695B
YoY Change 1.64% 1.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $153.6M $107.9M
YoY Change 195.95% 193.21%
Treasury Stock Shares
Shareholders Equity $1.239B $1.194B
YoY Change
Total Liabilities & Shareholders Equity $4.731B $4.435B
YoY Change 10.34% 4.85%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $75.70M $76.00M
YoY Change 23.9% -300.0%
Depreciation, Depletion And Amortization $35.60M $35.90M
YoY Change 0.0% -0.28%
Cash From Operating Activities -$114.2M $68.10M
YoY Change -192.85% -1409.62%
INVESTING ACTIVITIES
Capital Expenditures $44.00M $42.90M
YoY Change -196.28% -248.96%
Acquisitions
YoY Change
Other Investing Activities $1.600M $1.400M
YoY Change 300.0% -151.85%
Cash From Investing Activities -$42.40M -$41.50M
YoY Change -6.4% 31.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 322.4M 44.30M
YoY Change -1526.55% -838.33%
NET CHANGE
Cash From Operating Activities -114.2M 68.10M
Cash From Investing Activities -42.40M -41.50M
Cash From Financing Activities 322.4M 44.30M
Net Change In Cash 165.8M 70.90M
YoY Change 200.91% -266.04%
FREE CASH FLOW
Cash From Operating Activities -$114.2M $68.10M
Capital Expenditures $44.00M $42.90M
Free Cash Flow -$158.2M $25.20M
YoY Change -193.78% 6.78%

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