2023 Q4 Form 10-Q Financial Statement

#000095017023054703 Filed on October 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $312.3M $347.3M
YoY Change 2.56% 6.86%
Cost Of Revenue $192.8M $205.9M
YoY Change -0.1% -0.77%
Gross Profit $119.5M $141.4M
YoY Change 7.17% 20.34%
Gross Profit Margin 38.26% 40.71%
Selling, General & Admin $73.30M $64.60M
YoY Change 24.03% 8.94%
% of Gross Profit 61.34% 45.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.40M $22.70M
YoY Change 15.84% 6.07%
% of Gross Profit 19.58% 16.05%
Operating Expenses $73.40M $64.60M
YoY Change 29.23% 8.94%
Operating Profit $46.10M $100.2M
YoY Change -15.72% 36.7%
Interest Expense $11.60M $8.800M
YoY Change 73.13% 25.71%
% of Operating Profit 25.16% 8.78%
Other Income/Expense, Net $3.000M $2.300M
YoY Change 57.89% 64.29%
Pretax Income $60.70M $93.70M
YoY Change -4.11% 38.4%
Income Tax $13.90M $24.20M
% Of Pretax Income 22.9% 25.83%
Net Earnings $46.80M $69.50M
YoY Change -3.9% 20.87%
Net Earnings / Revenue 14.99% 20.01%
Basic Earnings Per Share $1.56
Diluted Earnings Per Share $1.06 $1.56
COMMON SHARES
Basic Shares Outstanding 44.18M 44.72M
Diluted Shares Outstanding 44.60M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $70.80M $96.60M
YoY Change -33.21% 11.29%
Cash & Equivalents $70.80M $96.60M
Short-Term Investments
Other Short-Term Assets $26.40M $27.60M
YoY Change 0.38% 16.95%
Inventory $104.0M $107.2M
Prepaid Expenses $15.90M $15.10M
Receivables $99.20M $109.7M
Other Receivables $12.60M $9.000M
Total Short-Term Assets $313.0M $350.1M
YoY Change -12.2% -0.48%
LONG-TERM ASSETS
Property, Plant & Equipment $566.4M $559.1M
YoY Change 2.16% 3.31%
Goodwill $175.5M $174.8M
YoY Change 4.9% 4.92%
Intangibles $412.4M $413.8M
YoY Change 1.15% 1.17%
Long-Term Investments $25.70M $29.00M
YoY Change 7.53% -50.09%
Other Assets $51.30M $52.50M
YoY Change -13.64% -18.48%
Total Long-Term Assets $1.359B $1.364B
YoY Change 2.16% -1.72%
TOTAL ASSETS
Total Short-Term Assets $313.0M $350.1M
Total Long-Term Assets $1.359B $1.364B
Total Assets $1.672B $1.714B
YoY Change -0.88% -1.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $118.3M $119.6M
YoY Change -7.14% 12.2%
Accrued Expenses $48.40M $37.80M
YoY Change -5.1% -31.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $22.50M $16.90M
YoY Change -32.4%
Total Short-Term Liabilities $194.5M $185.8M
YoY Change 6.46% -12.52%
LONG-TERM LIABILITIES
Long-Term Debt $564.3M $604.8M
YoY Change -13.33% -8.13%
Other Long-Term Liabilities $26.80M $28.40M
YoY Change 3.88% 3.65%
Total Long-Term Liabilities $886.1M $942.5M
YoY Change -8.6% -6.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $194.5M $185.8M
Total Long-Term Liabilities $886.1M $942.5M
Total Liabilities $1.081B $1.128B
YoY Change -6.21% -7.38%
SHAREHOLDERS EQUITY
Retained Earnings $1.347B $1.312B
YoY Change 15.1% 15.84%
Common Stock $592.3M $584.7M
YoY Change 3.15% 2.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $591.8M $585.5M
YoY Change
Total Liabilities & Shareholders Equity $1.672B $1.714B
YoY Change -0.88% -1.47%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $46.80M $69.50M
YoY Change -3.9% 20.87%
Depreciation, Depletion And Amortization $23.40M $22.70M
YoY Change 15.84% 6.07%
Cash From Operating Activities $57.10M $82.50M
YoY Change -9.65% 47.06%
INVESTING ACTIVITIES
Capital Expenditures $23.70M $18.60M
YoY Change -16.25% -200.0%
Acquisitions
YoY Change
Other Investing Activities $23.90M $14.00M
YoY Change -50.62% -50.53%
Cash From Investing Activities $200.0K -$4.600M
YoY Change -99.0% -147.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -83.50M -82.50M
YoY Change 29.86% 43.73%
NET CHANGE
Cash From Operating Activities 57.10M 82.50M
Cash From Investing Activities 200.0K -4.600M
Cash From Financing Activities -83.50M -82.50M
Net Change In Cash -26.20M -4.600M
YoY Change -237.89% -154.76%
FREE CASH FLOW
Cash From Operating Activities $57.10M $82.50M
Capital Expenditures $23.70M $18.60M
Free Cash Flow $33.40M $63.90M
YoY Change -4.3% -14.46%

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ecd Trd Arr Adoption Date
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August 31, 2023
ecd Trd Arr Ind Name
TrdArrIndName
Victor D. Grizzle
ecd Trd Arr Ind Title
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President and Chief Executive Officer
ecd Rule10b51 Arr Adopted Flag
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true
CY2023Q3 ecd Trd Arr Securities Agg Avail Amt
TrdArrSecuritiesAggAvailAmt
22914

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