2024 Q2 Form 10-Q Financial Statement

#000095017024050195 Filed on April 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $365.1M $326.3M
YoY Change 12.2% 5.19%
Cost Of Revenue $215.8M $202.0M
YoY Change 7.15% 1.97%
Gross Profit $149.3M $124.3M
YoY Change 20.4% 10.88%
Gross Profit Margin 40.89% 38.09%
Selling, General & Admin $79.90M $65.70M
YoY Change 29.08% 4.78%
% of Gross Profit 53.52% 52.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.50M $24.30M
YoY Change 14.86% 16.27%
% of Gross Profit 17.08% 19.55%
Operating Expenses $79.90M $65.40M
YoY Change 29.08% 4.31%
Operating Profit $95.00M $58.90M
YoY Change 52.98% -16.1%
Interest Expense $11.10M $18.20M
YoY Change -29.3% 109.2%
% of Operating Profit 11.68% 30.9%
Other Income/Expense, Net $3.200M $3.100M
YoY Change 45.45% 29.17%
Pretax Income $87.10M $80.20M
YoY Change 8.88% 25.51%
Income Tax $21.20M $20.30M
% Of Pretax Income 24.34% 25.31%
Net Earnings $65.90M $59.90M
YoY Change 9.47% 26.64%
Net Earnings / Revenue 18.05% 18.36%
Basic Earnings Per Share $1.50 $1.37
Diluted Earnings Per Share $1.50 $1.36
COMMON SHARES
Basic Shares Outstanding 43.76M 43.81M
Diluted Shares Outstanding 44.00M 44.10M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.60M $69.60M
YoY Change -27.56% -27.5%
Cash & Equivalents $73.60M $69.60M
Short-Term Investments
Other Short-Term Assets $23.80M $28.90M
YoY Change -22.48% -4.93%
Inventory $113.8M $106.4M
Prepaid Expenses $15.20M $17.30M
Receivables $126.5M $117.3M
Other Receivables $13.50M $8.500M
Total Short-Term Assets $351.2M $330.7M
YoY Change -2.98% -8.65%
LONG-TERM ASSETS
Property, Plant & Equipment $599.3M $614.4M
YoY Change -1.02% 9.64%
Goodwill $193.8M $175.3M
YoY Change 15.77% 4.78%
Intangibles $443.4M $408.6M
YoY Change 7.54% 0.99%
Long-Term Investments $42.00M $37.00M
YoY Change 24.26% 15.63%
Other Assets $51.80M $125.5M
YoY Change -60.55% 140.42%
Total Long-Term Assets $1.469B $1.361B
YoY Change 8.79% 2.63%
TOTAL ASSETS
Total Short-Term Assets $351.2M $330.7M
Total Long-Term Assets $1.469B $1.361B
Total Assets $1.820B $1.692B
YoY Change 6.3% 0.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $133.8M $114.1M
YoY Change 10.67% -1.21%
Accrued Expenses $37.20M $23.90M
YoY Change 8.14% -13.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $22.50M $25.50M
YoY Change 61.87% 355.36%
Total Short-Term Liabilities $200.0M $184.4M
YoY Change 13.12% 10.88%
LONG-TERM LIABILITIES
Long-Term Debt $621.5M $585.3M
YoY Change -5.37% -11.4%
Other Long-Term Liabilities $26.20M $129.1M
YoY Change -81.86% 379.93%
Total Long-Term Liabilities $951.2M $714.4M
YoY Change 18.72% -26.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $200.0M $184.4M
Total Long-Term Liabilities $951.2M $714.4M
Total Liabilities $1.151B $1.065B
YoY Change 0.49% -6.86%
SHAREHOLDERS EQUITY
Retained Earnings $1.448B $1.394B
YoY Change 15.42% 15.64%
Common Stock $595.7M $595.9M
YoY Change 2.53% 3.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $669.0M $626.8M
YoY Change
Total Liabilities & Shareholders Equity $1.820B $1.692B
YoY Change 6.3% 0.21%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $65.90M $59.90M
YoY Change 9.47% 26.64%
Depreciation, Depletion And Amortization $25.50M $24.30M
YoY Change 14.86% 16.27%
Cash From Operating Activities $57.30M $26.40M
YoY Change -15.36% 0.76%
INVESTING ACTIVITIES
Capital Expenditures $19.90M $14.70M
YoY Change 3.65% -34.08%
Acquisitions
YoY Change
Other Investing Activities -$67.40M $20.60M
YoY Change -558.5% -0.96%
Cash From Investing Activities -$87.30M $5.900M
YoY Change 1840.0% -493.33%
FINANCING ACTIVITIES
Cash Dividend Paid $12.30M
YoY Change 6.03%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $5.600M
YoY Change
Cash From Financing Activities 34.20M -33.10M
YoY Change -159.07% -4.61%
NET CHANGE
Cash From Operating Activities 57.30M 26.40M
Cash From Investing Activities -87.30M 5.900M
Cash From Financing Activities 34.20M -33.10M
Net Change In Cash 4.200M -800.0K
YoY Change -20.75% -92.0%
FREE CASH FLOW
Cash From Operating Activities $57.30M $26.40M
Capital Expenditures $19.90M $14.70M
Free Cash Flow $37.40M $11.70M
YoY Change -22.89% 200.0%

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