2024 Q3 Form 10-Q Financial Statement

#000132858124000079 Filed on August 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.714B $1.798B
YoY Change -6.58% -0.97%
Cost Of Revenue $1.376B $1.441B
YoY Change -4.61% 1.0%
Gross Profit $338.0M $357.0M
YoY Change -13.84% -8.18%
Gross Profit Margin 19.72% 19.86%
Selling, General & Admin $183.7M $175.7M
YoY Change 4.79% 3.76%
% of Gross Profit 54.35% 49.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.86M $34.37M
YoY Change 17.12% 9.31%
% of Gross Profit 10.91% 9.63%
Operating Expenses $183.7M $175.7M
YoY Change 4.79% -11.61%
Operating Profit $117.4M $147.0M
YoY Change -36.78% -22.63%
Interest Expense $3.520M $3.847M
YoY Change -44.58% -34.05%
% of Operating Profit 3.0% 2.62%
Other Income/Expense, Net $3.483M $3.810M
YoY Change -45.92% -9392.68%
Pretax Income $120.8M $150.8M
YoY Change -37.09% -22.97%
Income Tax $29.80M $38.50M
% Of Pretax Income 24.66% 25.53%
Net Earnings $91.04M $112.3M
YoY Change -36.38% -23.26%
Net Earnings / Revenue 5.31% 6.25%
Basic Earnings Per Share $2.34 $2.85
Diluted Earnings Per Share $2.33 $2.84
COMMON SHARES
Basic Shares Outstanding 38.92M shares 39.48M shares
Diluted Shares Outstanding 39.06M shares 39.61M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $761.6M $922.1M
YoY Change -40.17% -14.69%
Cash & Equivalents $761.6M $922.1M
Short-Term Investments
Other Short-Term Assets $32.02M $36.35M
YoY Change 3.97% 60.25%
Inventory $792.4M $832.2M
Prepaid Expenses
Receivables $408.5M $459.8M
Other Receivables $17.70M $17.37M
Total Short-Term Assets $2.012B $2.268B
YoY Change -18.41% -1.34%
LONG-TERM ASSETS
Property, Plant & Equipment $985.8M $948.8M
YoY Change 24.86% 9.93%
Goodwill $171.9M $170.3M
YoY Change 24.64% 23.41%
Intangibles $177.0M $180.9M
YoY Change 19.09% 18.38%
Long-Term Investments
YoY Change
Other Assets $8.033M $8.445M
YoY Change -18.78% -64.6%
Total Long-Term Assets $1.429B $1.404B
YoY Change 21.53% 19.22%
TOTAL ASSETS
Total Short-Term Assets $2.012B $2.268B
Total Long-Term Assets $1.429B $1.404B
Total Assets $3.442B $3.672B
YoY Change -5.51% 5.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $372.2M $438.2M
YoY Change -7.8% 5.5%
Accrued Expenses $266.9M $249.1M
YoY Change 73.89% 113.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.908M $2.004M
YoY Change
Total Short-Term Liabilities $643.2M $691.5M
YoY Change -7.41% 3.62%
LONG-TERM LIABILITIES
Long-Term Debt $445.9M $445.7M
YoY Change 0.2% -5.95%
Other Long-Term Liabilities $18.13M $17.99M
YoY Change 0.48% -82.13%
Total Long-Term Liabilities $464.1M $463.7M
YoY Change 0.21% -19.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $643.2M $691.5M
Total Long-Term Liabilities $464.1M $463.7M
Total Liabilities $1.107B $1.155B
YoY Change -4.36% -11.67%
SHAREHOLDERS EQUITY
Retained Earnings $1.867B $1.980B
YoY Change -1.26% 12.77%
Common Stock $561.7M $557.9M
YoY Change 0.79% 0.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.123B $2.303B
YoY Change
Total Liabilities & Shareholders Equity $3.442B $3.672B
YoY Change -5.51% 5.63%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $91.04M $112.3M
YoY Change -36.38% -23.26%
Depreciation, Depletion And Amortization $36.86M $34.37M
YoY Change 17.12% 9.31%
Cash From Operating Activities $174.6M $141.7M
YoY Change -24.39% -41.5%
INVESTING ACTIVITIES
Capital Expenditures $61.66M $39.77M
YoY Change 98.91% 4.04%
Acquisitions
YoY Change
Other Investing Activities -$1.816M $260.0K
YoY Change -402.67% -80.78%
Cash From Investing Activities -$63.48M -$39.51M
YoY Change 108.81% 7.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -271.6M -70.37M
YoY Change 3133.18% -43.81%
NET CHANGE
Cash From Operating Activities 174.6M 141.7M
Cash From Investing Activities -63.48M -39.51M
Cash From Financing Activities -271.6M -70.37M
Net Change In Cash -160.5M 31.83M
YoY Change -183.54% -60.28%
FREE CASH FLOW
Cash From Operating Activities $174.6M $141.7M
Capital Expenditures $61.66M $39.77M
Free Cash Flow $112.9M $101.9M
YoY Change -43.51% -50.03%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with generally accepted accounting principles (GAAP) requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the valuation of accounts receivable, inventories, goodwill, intangible assets, and other long-lived assets; legal contingencies; guarantee obligations; indemnifications; assumptions used in retirement, medical, and workers' compensation benefits; assumptions used in the determination of right-of-use (ROU) assets and related lease liabilities; stock-based compensation; fair value measurements; income taxes; and vendor and customer rebates, among others. These estimates and assumptions are based on management's best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. We adjust such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in these estimates resulting from continuing changes in the economic environment will be reflected in the consolidated financial statements in future periods.</span></div>
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CY2024Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2004000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
53170000 usd
CY2024Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
27891000 usd
CY2023Q2 bcc Share Based Compensation Arrangement By Share Based Payment Award Number Of Types Of Awards Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfTypesOfAwardsGranted
2 stockaward
CY2024Q2 bcc Share Based Compensation Arrangement By Share Based Payment Award Number Of Types Of Awards Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfTypesOfAwardsGranted
2 stockaward
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
34000000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
16800000 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3818000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4194000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7923000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7518000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2000000.0 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1900000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
24900000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 reporting_unit
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1797700000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1815200000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3443100000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3359500000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1797670000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1815219000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3443090000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3359548000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
146981000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
189975000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
279963000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
317577000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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0001328581-24-000079-index-headers.html Edgar Link pending
0001328581-24-000079-index.html Edgar Link pending
0001328581-24-000079.txt Edgar Link pending
0001328581-24-000079-xbrl.zip Edgar Link pending
bcc-20240630.htm Edgar Link pending
bcc-20240630.xsd Edgar Link pending
bcc6302024ex311.htm Edgar Link pending
bcc6302024ex312.htm Edgar Link pending
bcc6302024ex321.htm Edgar Link pending
bcc6302024ex322.htm Edgar Link pending
bcc-20240630_cal.xml Edgar Link unprocessable
bcc-20240630_def.xml Edgar Link unprocessable
bcc-20240630_lab.xml Edgar Link unprocessable
bcc-20240630_pre.xml Edgar Link unprocessable
bcc-20240630_htm.xml Edgar Link completed
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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report.css Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable