2023 Q3 Form 10-K Financial Statement

#000001605823000086 Filed on August 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2023
Revenue $1.850B $1.703B $6.703B
YoY Change 15.22% 3.7% 8.05%
Cost Of Revenue $1.273B $1.109B $4.403B
YoY Change 20.57% 2.59% 8.68%
Gross Profit $577.2M $594.2M $2.300B
YoY Change 4.95% 5.84% 6.88%
Gross Profit Margin 31.2% 34.89% 34.31%
Selling, General & Admin $404.6M $410.1M $1.591B
YoY Change 5.9% 0.92% 4.61%
% of Gross Profit 70.1% 69.02% 69.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.20M $35.31M $141.6M
YoY Change 0.28% 0.32% 133.99%
% of Gross Profit 6.1% 5.94% 6.16%
Operating Expenses $404.6M $445.4M $1.591B
YoY Change 5.9% 0.87% 4.61%
Operating Profit $137.3M $148.8M $567.5M
YoY Change 3.42% 24.17% 14.34%
Interest Expense $25.57M -$24.16M $83.86M
YoY Change 57.91% 114.42% 100.83%
% of Operating Profit 18.62% -16.23% 14.78%
Other Income/Expense, Net
YoY Change
Pretax Income $111.8M $124.6M $483.6M
YoY Change -4.14% 14.8% 6.39%
Income Tax $25.73M $16.87M $98.90M
% Of Pretax Income 23.02% 13.54% 20.45%
Net Earnings $86.05M $107.8M $384.7M
YoY Change -3.45% 15.92% 4.89%
Net Earnings / Revenue 4.65% 6.33% 5.74%
Basic Earnings Per Share $3.80 $16.59
Diluted Earnings Per Share $3.76 $4.68 $16.43
COMMON SHARES
Basic Shares Outstanding 22.80M shares 22.79M shares 23.20M shares
Diluted Shares Outstanding 22.89M shares 23.41M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $125.5M $115.8M $115.8M
YoY Change -8.15% 0.85% 0.87%
Cash & Equivalents $125.5M $115.8M $115.8M
Short-Term Investments
Other Short-Term Assets $91.80M $199.3M $63.60M
YoY Change 16.05% 210.65% -0.87%
Inventory $140.9M $130.6M $130.6M
Prepaid Expenses
Receivables $1.003B $894.9M $900.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.366B $1.210B $1.210B
YoY Change 21.35% 0.03% 0.03%
LONG-TERM ASSETS
Property, Plant & Equipment $196.6M $199.5M $512.5M
YoY Change -1.62% -2.97% -2.0%
Goodwill $4.078B $4.085B
YoY Change 0.63% 0.65%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $185.7M $177.1M $265.6M
YoY Change 8.91% 17.44% 12.43%
Total Long-Term Assets $5.371B $5.391B $5.391B
YoY Change -0.52% -0.54% -0.53%
TOTAL ASSETS
Total Short-Term Assets $1.366B $1.210B $1.210B
Total Long-Term Assets $5.371B $5.391B $5.391B
Total Assets $6.737B $6.601B $6.601B
YoY Change 3.26% -0.43% -0.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $356.4M $198.2M $198.2M
YoY Change 55.4% -34.69% -34.68%
Accrued Expenses $562.3M $749.9M $418.6M
YoY Change -6.49% 23.23% -11.5%
Deferred Revenue $127.8M $138.5M
YoY Change 22.28% 63.27%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $53.59M $45.94M $45.90M
YoY Change 75.0% 50.0% 49.88%
Total Short-Term Liabilities $1.100B $994.0M $994.0M
YoY Change 13.9% -3.25% -3.25%
LONG-TERM LIABILITIES
Long-Term Debt $1.736B $1.650B $1.650B
YoY Change 8.68% -3.04% -3.04%
Other Long-Term Liabilities $194.7M $177.2M $611.5M
YoY Change 111.27% 145.74% 24.91%
Total Long-Term Liabilities $1.930B $1.828B $2.262B
YoY Change 14.28% 3.01% 3.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.100B $994.0M $994.0M
Total Long-Term Liabilities $1.930B $1.828B $2.262B
Total Liabilities $3.573B $3.376B $3.377B
YoY Change 5.84% -5.58% -5.58%
SHAREHOLDERS EQUITY
Retained Earnings $4.027B $3.941B
YoY Change 10.47% 10.82%
Common Stock $599.2M $550.6M
YoY Change 2.64% -4.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.164B $3.224B $3.224B
YoY Change
Total Liabilities & Shareholders Equity $6.737B $6.601B $6.601B
YoY Change 3.26% -0.43% -0.43%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2023
OPERATING ACTIVITIES
Net Income $86.05M $107.8M $384.7M
YoY Change -3.45% 15.92% 4.89%
Depreciation, Depletion And Amortization $35.20M $35.31M $141.6M
YoY Change 0.28% 0.32% 133.99%
Cash From Operating Activities $70.09M $152.1M $388.1M
YoY Change -51.61% -0.29% -47.95%
INVESTING ACTIVITIES
Capital Expenditures $14.00M $22.87M $63.72M
YoY Change -209.62% -163.85% -185.45%
Acquisitions $347.0K $14.46M
YoY Change -97.65%
Other Investing Activities -$1.974M -$13.63M -$12.00M
YoY Change -5320.69% 1200.11%
Cash From Investing Activities -$12.36M -$36.50M -$75.72M
YoY Change -3.19% 2.64% -89.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$263.0M
YoY Change -2787.89%
Debt Paid & Issued, Net $640.2M $3.277B
YoY Change 32.36% 30.62%
Cash From Financing Activities -$45.56M -108.2M -316.1M
YoY Change -57.06% -11.33% 1390.44%
NET CHANGE
Cash From Operating Activities $70.09M 152.1M 388.1M
Cash From Investing Activities -$12.36M -36.50M -75.72M
Cash From Financing Activities -$45.56M -108.2M -316.1M
Net Change In Cash $9.770M 7.390M -3.769M
YoY Change -55.25% -245.93% -114.08%
FREE CASH FLOW
Cash From Operating Activities $70.09M $152.1M $388.1M
Capital Expenditures $14.00M $22.87M $63.72M
Free Cash Flow $56.09M $129.2M $324.3M
YoY Change -64.41% -31.39% -60.45%

Facts In Submission

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