2024 Q1 Form 10-Q Financial Statement
#000138331224000007 Filed on February 01, 2024
Income Statement
| Concept | 2024 Q1 | 2023 Q4 |
|---|---|---|
| Revenue | $1.727B | $1.405B |
| YoY Change | 4.91% | 8.67% |
| Cost Of Revenue | $1.187B | $1.057B |
| YoY Change | 4.36% | 6.98% |
| Gross Profit | $539.2M | $347.8M |
| YoY Change | 6.14% | 14.15% |
| Gross Profit Margin | 31.23% | 24.75% |
| Selling, General & Admin | $236.2M | $223.4M |
| YoY Change | 6.78% | 13.52% |
| % of Gross Profit | 43.81% | 64.23% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $81.20M | $79.60M |
| YoY Change | 8.99% | 5.57% |
| % of Gross Profit | 15.06% | 22.89% |
| Operating Expenses | $236.2M | $223.4M |
| YoY Change | 6.78% | 13.52% |
| Operating Profit | $302.9M | $124.4M |
| YoY Change | 5.61% | 15.29% |
| Interest Expense | -$35.30M | -$36.30M |
| YoY Change | -8.31% | 6.45% |
| % of Operating Profit | -11.65% | -29.18% |
| Other Income/Expense, Net | -$900.0K | -$400.0K |
| YoY Change | -150.0% | -78.95% |
| Pretax Income | $266.7M | $87.60M |
| YoY Change | 6.64% | 21.84% |
| Income Tax | $52.90M | $17.40M |
| % Of Pretax Income | 19.84% | 19.86% |
| Net Earnings | $213.7M | $70.30M |
| YoY Change | 7.66% | 22.26% |
| Net Earnings / Revenue | 12.38% | 5.0% |
| Basic Earnings Per Share | $1.81 | $0.60 |
| Diluted Earnings Per Share | $1.79 | $0.59 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 117.8M shares | 117.6M shares |
| Diluted Shares Outstanding | 119.4M shares | 119.1M shares |
Balance Sheet
| Concept | 2024 Q1 | 2023 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $235.6M | $277.0M |
| YoY Change | -28.95% | -1.07% |
| Cash & Equivalents | $235.6M | $277.0M |
| Short-Term Investments | ||
| Other Short-Term Assets | $164.3M | $194.4M |
| YoY Change | 17.02% | 36.42% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $1.165B | $892.2M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $1.565B | $1.364B |
| YoY Change | -0.2% | 6.31% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $155.0M | $143.2M |
| YoY Change | 12.24% | -0.07% |
| Goodwill | $3.452B | $3.429B |
| YoY Change | 0.14% | 1.21% |
| Intangibles | $1.317B | $1.348B |
| YoY Change | 47.52% | 44.72% |
| Long-Term Investments | $262.4M | $256.4M |
| YoY Change | 12.23% | 12.16% |
| Other Assets | $821.0M | $785.5M |
| YoY Change | -5.24% | -9.49% |
| Total Long-Term Assets | $6.650B | $6.636B |
| YoY Change | -3.11% | -1.96% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.565B | $1.364B |
| Total Long-Term Assets | $6.650B | $6.636B |
| Total Assets | $8.215B | $8.000B |
| YoY Change | -2.57% | -0.64% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $158.1M | $136.5M |
| YoY Change | -13.98% | -19.61% |
| Accrued Expenses | $396.7M | $343.5M |
| YoY Change | -5.95% | 0.38% |
| Deferred Revenue | $229.0M | $192.8M |
| YoY Change | 12.14% | -0.98% |
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $0.00 | $0.00 |
| YoY Change | ||
| Total Short-Term Liabilities | $1.122B | $971.2M |
| YoY Change | -3.49% | -4.68% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $3.514B | $3.653B |
| YoY Change | -13.8% | -11.02% |
| Other Long-Term Liabilities | $498.4M | $479.4M |
| YoY Change | 3.12% | 0.97% |
| Total Long-Term Liabilities | $4.012B | $4.132B |
| YoY Change | -12.01% | -9.78% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.122B | $971.2M |
| Total Long-Term Liabilities | $4.012B | $4.132B |
| Total Liabilities | $5.948B | $5.932B |
| YoY Change | -7.54% | -5.31% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $3.205B | $3.086B |
| YoY Change | 11.51% | 11.76% |
| Common Stock | $1.600M | $1.600M |
| YoY Change | 0.0% | 0.0% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $2.267B | $2.068B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $8.215B | $8.000B |
| YoY Change | -2.57% | -0.64% |
Cashflow Statement
| Concept | 2024 Q1 | 2023 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $213.7M | $70.30M |
| YoY Change | 7.66% | 22.26% |
| Depreciation, Depletion And Amortization | $81.20M | $79.60M |
| YoY Change | 8.99% | 5.57% |
| Cash From Operating Activities | $207.5M | $189.7M |
| YoY Change | 18.17% | 54.23% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $40.20M | $22.00M |
| YoY Change | 193.43% | 12.82% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| Cash From Investing Activities | -$40.20M | -$22.00M |
| YoY Change | 187.14% | 2.33% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -208.9M | -123.5M |
| YoY Change | 83.89% | 169.06% |
| NET CHANGE | ||
| Cash From Operating Activities | 207.5M | 189.7M |
| Cash From Investing Activities | -40.20M | -22.00M |
| Cash From Financing Activities | -208.9M | -123.5M |
| Net Change In Cash | -41.60M | 44.20M |
| YoY Change | -186.67% | -20.5% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $207.5M | $189.7M |
| Capital Expenditures | $40.20M | $22.00M |
| Free Cash Flow | $167.3M | $167.7M |
| YoY Change | 3.34% | 62.03% |
Facts In Submission
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