2024 Q4 Form 10-Q Financial Statement

#000138331224000051 Filed on November 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $1.423B $1.431B
YoY Change -0.57% 11.52%
Cost Of Revenue $1.075B $1.075B
YoY Change -0.03% 8.57%
Gross Profit $347.9M $355.8M
YoY Change -2.22% 21.47%
Gross Profit Margin 24.45% 24.86%
Selling, General & Admin $213.4M $207.3M
YoY Change 2.94% 0.97%
% of Gross Profit 61.34% 58.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $80.50M $80.20M
YoY Change 0.37% 4.7%
% of Gross Profit 23.14% 22.54%
Operating Expenses $213.4M $207.3M
YoY Change 2.94% 0.97%
Operating Profit $134.4M $148.4M
YoY Change -9.43% 69.6%
Interest Expense -$32.30M -$33.40M
YoY Change -3.29% 24.16%
% of Operating Profit -24.03% -22.51%
Other Income/Expense, Net -$1.900M -$2.100M
YoY Change -9.52% -59.62%
Pretax Income $100.3M $112.9M
YoY Change -11.16% 103.79%
Income Tax $20.50M $22.00M
% Of Pretax Income 20.44% 19.49%
Net Earnings $79.80M $90.90M
YoY Change -12.21% 80.36%
Net Earnings / Revenue 5.61% 6.35%
Basic Earnings Per Share $0.68 $0.77
Diluted Earnings Per Share $0.68 $0.76
COMMON SHARES
Basic Shares Outstanding 116.9M shares 116.7M shares 118.1M shares
Diluted Shares Outstanding 118.1M shares 119.2M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $292.8M $234.0M
YoY Change 25.13% 3.04%
Cash & Equivalents $292.8M $234.0M
Short-Term Investments
Other Short-Term Assets $162.2M $176.7M
YoY Change -8.21% 14.07%
Inventory
Prepaid Expenses
Receivables $895.3M $916.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.350B $1.327B
YoY Change 1.76% 8.58%
LONG-TERM ASSETS
Property, Plant & Equipment $160.3M $144.0M
YoY Change 11.32% -0.76%
Goodwill $3.512B $3.445B
YoY Change 1.95% 0.31%
Intangibles $1.265B $1.404B
YoY Change -9.85% 39.91%
Long-Term Investments $285.1M $243.4M
YoY Change 17.13% 9.39%
Other Assets $847.4M $817.5M
YoY Change 3.66% -11.76%
Total Long-Term Assets $6.667B $6.744B
YoY Change -1.15% -1.81%
TOTAL ASSETS
Total Short-Term Assets $1.350B $1.327B
Total Long-Term Assets $6.667B $6.744B
Total Assets $8.017B $8.071B
YoY Change -0.67% -0.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $168.0M $143.2M
YoY Change 17.32% -14.3%
Accrued Expenses $277.4M $285.6M
YoY Change -2.87% -10.25%
Deferred Revenue $201.1M $180.3M
YoY Change 11.54% 2.62%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $972.4M $924.0M
YoY Change 5.24% -6.83%
LONG-TERM LIABILITIES
Long-Term Debt $3.586B $3.682B
YoY Change -2.61% -9.4%
Other Long-Term Liabilities $538.5M $469.9M
YoY Change 14.6% -0.09%
Total Long-Term Liabilities $4.124B $4.152B
YoY Change -0.66% -8.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $972.4M $924.0M
Total Long-Term Liabilities $4.124B $4.152B
Total Liabilities $5.811B $5.958B
YoY Change -2.48% -3.69%
SHAREHOLDERS EQUITY
Retained Earnings $3.412B $3.110B
YoY Change 9.72% 11.5%
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 $2.206B $2.113B
YoY Change
Total Liabilities & Shareholders Equity $8.017B $8.071B
YoY Change -0.67% -0.24%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $79.80M $90.90M
YoY Change -12.21% 80.36%
Depreciation, Depletion And Amortization $80.50M $80.20M
YoY Change 0.37% 4.7%
Cash From Operating Activities -$125.5M -$62.00M
YoY Change 102.42% -69.68%
INVESTING ACTIVITIES
Capital Expenditures $7.900M $4.700M
YoY Change 68.09% -14.55%
Acquisitions $8.000M $0.00
YoY Change
Other Investing Activities -$8.000M
YoY Change
Cash From Investing Activities -$40.10M -$14.40M
YoY Change 178.47% 5.88%
FINANCING ACTIVITIES
Cash Dividend Paid $93.40M $85.60M
YoY Change 9.11% 14.13%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $240.0M $192.7M
YoY Change 24.55% 37.64%
Cash From Financing Activities $151.8M $57.30M
YoY Change 164.92% -74.28%
NET CHANGE
Cash From Operating Activities -$125.5M -$62.00M
Cash From Investing Activities -$40.10M -$14.40M
Cash From Financing Activities $151.8M $57.30M
Net Change In Cash -$13.80M -$18.30M
YoY Change -24.59% -862.5%
FREE CASH FLOW
Cash From Operating Activities -$125.5M -$62.00M
Capital Expenditures $7.900M $4.700M
Free Cash Flow -$133.4M -$66.70M
YoY Change 100.0% -68.24%

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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q3 us-gaap Interest Paid Net
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Use of Estimates<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. The preparation of these financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Condensed Consolidated Financial Statements and accompanying notes thereto. These estimates are based on management’s best knowledge of current events, historical experience, actions that the Company may undertake in the future and on various other assumptions and judgment that are believed to be reasonable under the circumstances. Accordingly, actual results could differ from those estimates. The use of estimates in specific accounting policies is described further in the notes to the Condensed Consolidated Financial Statements, as appropriate.</span>
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CY2024Q3 us-gaap Share Price
SharePrice
215.03
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1200000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
115800000 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
116.37
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P4Y10M24D
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y3M18D
CY2024Q3 us-gaap Share Price
SharePrice
215.03
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14900000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16400000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2500000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2900000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
14000000.0 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
46600000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M12D
CY2024Q3 br Employee Service Share Based Compensation Restricted Stock Awards Compensation Cost Not Yet Recognized Period For Recognition
EmployeeServiceShareBasedCompensationRestrictedStockAwardsCompensationCostNotYetRecognizedPeriodForRecognition
P1Y7M6D
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20500000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22000000.0 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.204
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.195
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
3100000 usd
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
5000000.0 usd
CY2024Q3 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
33400000 usd
CY2024Q3 br Equity Method Investment Future Capital Commitment
EquityMethodInvestmentFutureCapitalCommitment
400000 usd
CY2024Q3 br Software License Expense
SoftwareLicenseExpense
34300000 usd
CY2023Q3 br Software License Expense
SoftwareLicenseExpense
33500000 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
10100000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
10200000 usd
CY2024Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
5000000 usd
CY2024Q3 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
11000000 usd
CY2024Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
10300000 usd
CY2024Q1 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
9900000 usd
CY2024Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
8200000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
28900000 usd
CY2024Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-300000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-16600000 usd
CY2023Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-300000 usd
CY2024Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1422900000 usd
CY2024Q3 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
100300000 usd
CY2024Q3 br Business Combinations Amortization Of Acquired Intangible Assets
BusinessCombinationsAmortizationOfAcquiredIntangibleAssets
48200000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
br-20240930_def.xml Edgar Link unprocessable
0001383312-24-000051-index-headers.html Edgar Link pending
0001383312-24-000051-index.html Edgar Link pending
0001383312-24-000051.txt Edgar Link pending
0001383312-24-000051-xbrl.zip Edgar Link pending
a101-stockoptionagreement_.htm Edgar Link pending
a102-prsuagreement_usxoffi.htm Edgar Link pending
a103-rsuagreement_usxoffic.htm Edgar Link pending
br-20240930.htm Edgar Link pending
br-20240930.xsd Edgar Link pending
exhibit3111q2025.htm Edgar Link pending
exhibit3121q2025.htm Edgar Link pending
exhibit3211q2025.htm Edgar Link pending
exhibit3221q2025.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image_0.jpg Edgar Link pending
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br-20240930_pre.xml Edgar Link unprocessable
br-20240930_lab.xml Edgar Link unprocessable
br-20240930_htm.xml Edgar Link completed
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report.css Edgar Link pending
Show.js Edgar Link pending
br-20240930_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable