2024 Q3 Form 10-Q Financial Statement

#000162828024035141 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.051B $1.095B
YoY Change 2.5% 4.71%
Cost Of Revenue $826.4M $867.9M
YoY Change -0.55% 3.7%
Gross Profit $224.8M $227.4M
YoY Change 15.52% 8.75%
Gross Profit Margin 21.39% 20.76%
Selling, General & Admin $82.40M $88.90M
YoY Change 18.05% 4.1%
% of Gross Profit 36.65% 39.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.50M $37.90M
YoY Change 8.15% 5.57%
% of Gross Profit 17.13% 16.67%
Operating Expenses $82.40M $88.90M
YoY Change 18.05% 4.1%
Operating Profit $142.2M $142.6M
YoY Change 13.58% 15.28%
Interest Expense -$28.20M -$28.80M
YoY Change 15.1% 35.21%
% of Operating Profit -19.83% -20.2%
Other Income/Expense, Net $4.400M $400.0K
YoY Change -102.47%
Pretax Income $114.9M $110.9M
YoY Change 35.98% 33.94%
Income Tax $28.30M $25.30M
% Of Pretax Income 24.63% 22.81%
Net Earnings $82.70M $81.90M
YoY Change 9.25% 7.76%
Net Earnings / Revenue 7.87% 7.48%
Basic Earnings Per Share $0.64 $0.66
Diluted Earnings Per Share $0.57 $0.58
COMMON SHARES
Basic Shares Outstanding 124.5M shares 124.4M shares
Diluted Shares Outstanding 146.8M shares 146.3M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $406.6M $425.6M
YoY Change -6.08% 59.34%
Cash & Equivalents $406.6M $425.6M
Short-Term Investments
Other Short-Term Assets $136.6M $102.4M
YoY Change 86.36% 108.13%
Inventory $1.415B $1.318B
Prepaid Expenses
Receivables $730.2M $719.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.778B $2.653B
YoY Change 6.87% 7.9%
LONG-TERM ASSETS
Property, Plant & Equipment $1.747B $1.706B
YoY Change 7.39% 8.76%
Goodwill $227.2M $227.2M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $313.7M $335.8M
YoY Change 12.88% 85.73%
Total Long-Term Assets $2.287B $2.269B
YoY Change 7.32% 14.8%
TOTAL ASSETS
Total Short-Term Assets $2.778B $2.653B
Total Long-Term Assets $2.287B $2.269B
Total Assets $5.066B $4.921B
YoY Change 7.07% 10.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $528.5M $524.5M
YoY Change 21.49% 12.14%
Accrued Expenses $242.4M $243.4M
YoY Change -1.7% 11.6%
Deferred Revenue $146.5M $160.9M
YoY Change 32.94% 16.76%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $27.90M $316.8M
YoY Change -25.6% 328.69%
Total Short-Term Liabilities $945.3M $1.246B
YoY Change 13.99% 38.79%
LONG-TERM LIABILITIES
Long-Term Debt $1.856B $1.854B
YoY Change -13.61% 9.07%
Other Long-Term Liabilities $152.1M $148.8M
YoY Change -17.92% -71.82%
Total Long-Term Liabilities $152.1M $148.8M
YoY Change -17.92% -93.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $945.3M $1.246B
Total Long-Term Liabilities $152.1M $148.8M
Total Liabilities $3.154B $3.454B
YoY Change -6.56% 6.57%
SHAREHOLDERS EQUITY
Retained Earnings -$72.80M $78.40M
YoY Change -118.26% -75.73%
Common Stock $1.952B $1.726B
YoY Change 14.65% 1.83%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.30M $359.3M
YoY Change -91.34% 232.99%
Treasury Stock Shares
Shareholders Equity $1.791B $1.355B
YoY Change
Total Liabilities & Shareholders Equity $5.066B $4.921B
YoY Change 7.07% 10.97%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $82.70M $81.90M
YoY Change 9.25% 7.76%
Depreciation, Depletion And Amortization $38.50M $37.90M
YoY Change 8.15% 5.57%
Cash From Operating Activities $14.40M $91.50M
YoY Change -112.61% 34.36%
INVESTING ACTIVITIES
Capital Expenditures $65.80M $60.20M
YoY Change 49.55% 40.33%
Acquisitions
YoY Change
Other Investing Activities $4.700M $6.900M
YoY Change 193.75% 392.86%
Cash From Investing Activities -$61.10M -$53.30M
YoY Change 44.1% 28.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 27.70M -7.000M
YoY Change -91.41% -115.8%
NET CHANGE
Cash From Operating Activities 14.40M 91.50M
Cash From Investing Activities -61.10M -53.30M
Cash From Financing Activities 27.70M -7.000M
Net Change In Cash -19.00M 31.20M
YoY Change -111.46% -55.99%
FREE CASH FLOW
Cash From Operating Activities $14.40M $91.50M
Capital Expenditures $65.80M $60.20M
Free Cash Flow -$51.40M $31.30M
YoY Change -67.51% 24.21%

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