2023 Q4 Form 10-K Financial Statement

#000114421523000090 Filed on October 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023
Revenue $934.7M $1.010B $3.952B
YoY Change -6.33% -9.0% -1.35%
Cost Of Revenue $506.3M $567.7M $2.239B
YoY Change -12.92% -12.36% -4.05%
Gross Profit $428.4M $442.7M $1.713B
YoY Change 2.86% -4.28% 2.42%
Gross Profit Margin 45.83% 43.81% 43.35%
Selling, General & Admin $295.5M $313.0M $1.213B
YoY Change -1.73% 0.03% 4.29%
% of Gross Profit 68.98% 70.7% 70.8%
Research & Development $97.10M
YoY Change 2.1%
% of Gross Profit 5.67%
Depreciation & Amortization $22.70M $22.80M $93.20M
YoY Change -14.34% -2.56% -1.69%
% of Gross Profit 5.3% 5.15% 5.44%
Operating Expenses $295.5M $313.0M $1.310B
YoY Change -1.73% 0.03% 12.64%
Operating Profit $132.9M $129.7M $473.4M
YoY Change 22.04% -13.3% -7.12%
Interest Expense $6.400M -$2.700M $27.90M
YoY Change -18.99% -60.29% -212.05%
% of Operating Profit 4.82% -2.08% 5.89%
Other Income/Expense, Net -$2.000M -$1.700M -$26.70M
YoY Change -87.26% -128.33% -393.41%
Pretax Income $130.9M $105.3M $446.7M
YoY Change 40.45% -29.23% -9.56%
Income Tax $30.30M $22.40M $100.7M
% Of Pretax Income 23.15% 21.27% 22.54%
Net Earnings $100.6M $82.90M $346.0M
YoY Change 34.31% -28.16% -9.9%
Net Earnings / Revenue 10.76% 8.2% 8.75%
Basic Earnings Per Share $10.88
Diluted Earnings Per Share $3.21 $2.63 $10.76
COMMON SHARES
Basic Shares Outstanding 30.95M shares 31.81M shares
Diluted Shares Outstanding 31.37M shares 32.16M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $513.3M $397.9M $397.9M
YoY Change 80.68% 78.27% 78.27%
Cash & Equivalents $513.3M $397.9M $397.9M
Short-Term Investments
Other Short-Term Assets $78.40M $73.50M $73.50M
YoY Change -21.99% -16.38% -16.38%
Inventory $365.3M $368.5M $368.5M
Prepaid Expenses
Receivables $517.1M $555.3M $555.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.474B $1.395B $1.395B
YoY Change 1.26% -4.61% -4.61%
LONG-TERM ASSETS
Property, Plant & Equipment $293.6M $297.6M $381.7M
YoY Change 5.01% 7.63% 38.05%
Goodwill $1.098B $1.098B
YoY Change 1.43% 1.25%
Intangibles $471.2M $481.2M
YoY Change -6.8% -9.07%
Long-Term Investments $7.200M
YoY Change -39.5%
Other Assets $47.70M $49.50M $45.30M
YoY Change 5.07% -97.15% -97.39%
Total Long-Term Assets $1.990B $2.013B $2.013B
YoY Change 0.45% -0.04% -0.04%
TOTAL ASSETS
Total Short-Term Assets $1.474B $1.395B $1.395B
Total Long-Term Assets $1.990B $2.013B $2.013B
Total Assets $3.464B $3.409B $3.409B
YoY Change 0.79% -1.97% -1.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $311.8M $285.7M $285.7M
YoY Change -24.89% -28.18% -28.18%
Accrued Expenses $288.8M $309.7M $286.4M
YoY Change 2.23% -2.55% -9.88%
Deferred Revenue $13.30M $14.10M
YoY Change 14.66% 23.68%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $600.6M $595.4M $595.4M
YoY Change -13.9% -18.84% -18.84%
LONG-TERM LIABILITIES
Long-Term Debt $495.7M $495.6M $495.6M
YoY Change 0.12% 0.12% 0.12%
Other Long-Term Liabilities $138.6M $0.00 $243.1M
YoY Change 3.05% -100.0% -27.76%
Total Long-Term Liabilities $634.3M $495.6M $738.7M
YoY Change 0.75% -40.4% -11.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $600.6M $595.4M $595.4M
Total Long-Term Liabilities $634.3M $495.6M $738.7M
Total Liabilities $1.400B $1.393B $1.393B
YoY Change -8.69% -10.99% -10.99%
SHAREHOLDERS EQUITY
Retained Earnings $3.602B $3.505B
YoY Change 10.94% 10.36%
Common Stock $1.071B $1.067B
YoY Change 3.39% 2.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.064B $2.015B $2.015B
YoY Change
Total Liabilities & Shareholders Equity $3.464B $3.409B $3.409B
YoY Change 0.79% -1.97% -1.97%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023
OPERATING ACTIVITIES
Net Income $100.6M $82.90M $346.0M
YoY Change 34.31% -28.16% -9.9%
Depreciation, Depletion And Amortization $22.70M $22.80M $93.20M
YoY Change -14.34% -2.56% -1.69%
Cash From Operating Activities $190.0M $106.6M $578.1M
YoY Change 1.82% -29.22% 82.77%
INVESTING ACTIVITIES
Capital Expenditures $14.60M $18.70M $66.70M
YoY Change -19.78% -201.08% -218.05%
Acquisitions $35.50M
YoY Change 175.19%
Other Investing Activities -$100.0K $4.400M -$11.50M
YoY Change -97.44% -980.0% 101.75%
Cash From Investing Activities -$14.50M -$14.30M -$90.70M
YoY Change 1.4% -24.74% 45.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $266.6M
YoY Change -153.08%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -$59.70M -54.20M -$312.9M
YoY Change -45.92% -75.34% -38.93%
NET CHANGE
Cash From Operating Activities $190.0M 106.6M $578.1M
Cash From Investing Activities -$14.50M -14.30M -$90.70M
Cash From Financing Activities -$59.70M -54.20M -$312.9M
Net Change In Cash $115.4M 38.10M $174.7M
YoY Change 89.49% -143.2% -167.63%
FREE CASH FLOW
Cash From Operating Activities $190.0M $106.6M $578.1M
Capital Expenditures $14.60M $18.70M $66.70M
Free Cash Flow $175.4M $87.90M $511.4M
YoY Change 4.16% -48.02% 37.18%

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CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
93200000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
94800000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
100100000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
42000000.0 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
37400000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
32500000 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
2300000 usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
100000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
20800000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1700000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
6000000.0 usd
CY2023 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-11200000 usd
CY2022 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 usd
CY2021 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 usd
CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-47800000 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
600000 usd
CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-2700000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-115200000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
35500000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
17600000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
18200000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-110500000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2600000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
65500000 usd
CY2023 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
28000000.0 usd
CY2022 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1900000 usd
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-23500000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
578100000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
316300000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
408700000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
66700000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
56500000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
43800000 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
8900000 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4700000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
35500000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
12900000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
75300000 usd
CY2023 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1700000 usd
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3500000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-90700000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-117900000 usd
CY2023 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-18000000.0 usd
CY2022 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
18000000.0 usd
CY2021 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 usd
CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
493800000 usd
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
401100000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
266600000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
514800000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
434900000 usd
CY2023 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
2700000 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
12500000 usd
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
3200000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14200000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8600000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4500000 usd
CY2023 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16800000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18100000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
19100000 usd
CY2023 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 usd
CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-362600000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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200000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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2400000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
174700000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-268100000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-69400000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
223200000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
491300000 usd
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
560700000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
397900000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
223200000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
491300000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
147200000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
109400000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
86400000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
27900000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
26100000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
22200000 usd
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
2127500000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
306300000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
34500000 usd
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
28800000 usd
CY2021 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1000000.0 usd
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.52
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.52
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
19100000 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2200000 usd
CY2021 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
436500000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
2044500000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
384000000.0 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-27600000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
28200000 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1800000 usd
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.52
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.52
CY2022 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
18100000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
10700000 usd
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
511700000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
1911800000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
346000000.0 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
13200000 usd
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
27800000 usd
CY2023 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1500000 usd
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.52
CY2023 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.52
CY2023 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
16800000 usd
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1200000 usd
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
269300000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
2015400000 usd
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023 us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expense during the reporting period. Actual results could differ from those estimates.
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Concentrations of credit risk with respect to receivables, which are typically unsecured, are generally limited due to the wide variety of customers and markets using our lighting, lighting controls, building management systems, and location-aware applications as well as their dispersion across many different geographic areas.
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
We may reclassify certain prior period amounts to conform to the current year presentation. No material reclassifications occurred during the current period.
CY2021Q3 us-gaap Goodwill
Goodwill
1094700000 usd
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
2300000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-12700000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
1084300000 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
15200000 usd
CY2023 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-200000 usd
CY2023 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
700000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-700000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
1097900000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
2000000.0 usd
CY2023Q3 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
214000000.0 usd
CY2022Q3 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
252600000 usd
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
180300000 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
264000000.0 usd
CY2023Q3 us-gaap Inventory Gross
InventoryGross
394300000 usd
CY2022Q3 us-gaap Inventory Gross
InventoryGross
516600000 usd
CY2023Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
25800000 usd
CY2022Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
30900000 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
368500000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
485700000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
691100000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
345500000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
677500000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
322000000.0 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
42100000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
41000000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
40700000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
39600000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
32200000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
29500000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
28000000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
23900000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q2 ayi Indefinite Lived Intangible Assets Number
IndefiniteLivedIntangibleAssetsNumber
13 intangible_asset
CY2023Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
173400000 usd
CY2023 us-gaap Depreciation
Depreciation
51100000 usd
CY2022 us-gaap Depreciation
Depreciation
53800000 usd
CY2021 us-gaap Depreciation
Depreciation
59400000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3600000 usd
CY2023Q3 us-gaap Deferred Costs
DeferredCosts
29900000 usd
CY2022Q3 us-gaap Deferred Costs
DeferredCosts
28100000 usd
CY2023Q3 us-gaap Investments
Investments
7200000 usd
CY2022Q3 us-gaap Investments
Investments
11900000 usd
CY2023Q3 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
12400000 usd
CY2022Q3 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
8000000.0 usd
CY2023Q3 ayi Other Long Term Assets
OtherLongTermAssets
49500000 usd
CY2022Q3 ayi Other Long Term Assets
OtherLongTermAssets
48000000.0 usd
CY2023Q3 ayi Life Insurance Number Of Current And Former Employees Covered
LifeInsuranceNumberOfCurrentAndFormerEmployeesCovered
56 employee
CY2023Q3 ayi Contract With Customer Customer Incentive Liabilities Current
ContractWithCustomerCustomerIncentiveLiabilitiesCurrent
31600000 usd
CY2022Q3 ayi Contract With Customer Customer Incentive Liabilities Current
ContractWithCustomerCustomerIncentiveLiabilitiesCurrent
40700000 usd
CY2023Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
14100000 usd
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
11400000 usd
CY2023Q3 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
35700000 usd
CY2022Q3 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
41900000 usd
CY2023Q3 ayi Freight Costs Current
FreightCostsCurrent
15000000.0 usd
CY2022Q3 ayi Freight Costs Current
FreightCostsCurrent
22800000 usd
CY2023Q3 ayi Warranty And Recall Costs Current
WarrantyAndRecallCostsCurrent
22800000 usd
CY2022Q3 ayi Warranty And Recall Costs Current
WarrantyAndRecallCostsCurrent
22400000 usd
CY2023Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
9200000 usd
CY2022Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
13900000 usd
CY2023Q3 us-gaap Interest Payable Current
InterestPayableCurrent
2300000 usd
CY2022Q3 us-gaap Interest Payable Current
InterestPayableCurrent
2300000 usd
CY2023Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
30400000 usd
CY2022Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
30700000 usd
CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
186700000 usd
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
214100000 usd
CY2021 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
-23200000 usd
CY2023Q3 ayi Deferred Compensation And Postretirement Defined Benefit Plans Liabilities Noncurrent
DeferredCompensationAndPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
45600000 usd
CY2022Q3 ayi Deferred Compensation And Postretirement Defined Benefit Plans Liabilities Noncurrent
DeferredCompensationAndPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
44400000 usd
CY2023Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
23400000 usd
CY2022Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
22000000.0 usd
CY2023Q3 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
3800000 usd
CY2022Q3 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
3700000 usd
CY2023Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
8800000 usd
CY2022Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
4900000 usd
CY2023Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
0 usd
CY2022Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
800000 usd
CY2023Q3 ayi Other Long Term Liabilities
OtherLongTermLiabilities
129200000 usd
CY2022Q3 ayi Other Long Term Liabilities
OtherLongTermLiabilities
128900000 usd
CY2023 ayi Other Shipping And Handling Costs
OtherShippingAndHandlingCosts
141700000 usd
CY2022 ayi Other Shipping And Handling Costs
OtherShippingAndHandlingCosts
151200000 usd
CY2021 ayi Other Shipping And Handling Costs
OtherShippingAndHandlingCosts
132000000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
42000000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37400000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32500000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7200000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9600000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
6500000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
1500000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
961800000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
891900000 usd
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CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q3 us-gaap Property Plant And Equipment Net
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CY2023 us-gaap Research And Development Expense
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CY2022 us-gaap Research And Development Expense
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CY2021 us-gaap Research And Development Expense
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CY2023 us-gaap Advertising Expense
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CY2021 us-gaap Advertising Expense
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CY2023 us-gaap Interest Expense
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CY2023 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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CY2023 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2022 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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CY2021 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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CY2021 us-gaap Operating Lease Cost
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2023Q3 us-gaap Operating Lease Liability
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CY2021Q3 us-gaap Standard Product Warranty Accrual
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CY2020Q3 us-gaap Standard Product Warranty Accrual
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CY2021 us-gaap Product Warranty Accrual Additions From Business Acquisition
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CY2023Q3 us-gaap Standard Product Warranty Accrual
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CY2022Q3 us-gaap Standard Product Warranty Accrual
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CY2021Q3 us-gaap Standard Product Warranty Accrual
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CY2021 us-gaap Restructuring Charges
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CY2023Q3 us-gaap Contract With Customer Liability Current
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CY2022Q3 us-gaap Contract With Customer Liability Current
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CY2022Q3 us-gaap Contract With Customer Liability Noncurrent
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CY2022 us-gaap Restructuring Charges
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2023 us-gaap Restructuring Charges
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CY2023 us-gaap Severance Costs1
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CY2021 us-gaap Severance Costs1
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CY2023 us-gaap Restructuring Charges
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CY2021 us-gaap Restructuring Charges
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CY2023Q3 us-gaap Treasury Stock Common Shares
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CY2022Q3 us-gaap Treasury Stock Common Shares
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CY2022Q3 us-gaap Treasury Stock Common Value
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CY2023Q3 us-gaap Preferred Stock Shares Authorized
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CY2022Q3 us-gaap Preferred Stock Shares Issued
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CY2023Q3 us-gaap Preferred Stock Shares Issued
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CY2023Q3 us-gaap Preferred Stock Shares Outstanding
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CY2023 us-gaap Income Loss From Continuing Operations
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2023 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2022 us-gaap Income Tax Reconciliation Tax Contingencies
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CY2021 us-gaap Income Tax Reconciliation Tax Contingencies
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CY2023Q3 ayi Deferred Tax Asset Operating Lease Right Of Use Asset
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CY2022Q3 ayi Deferred Tax Asset Operating Lease Right Of Use Asset
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CY2022Q3 us-gaap Deferred Income Tax Liabilities
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CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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