2023 Q3 Form 10-Q Financial Statement

#000155837023013313 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $908.8M $907.8M
YoY Change -8.53% -7.91%
Cost Of Revenue $428.3M $440.7M
YoY Change -22.28% -21.54%
Gross Profit $480.5M $467.1M
YoY Change 8.61% 10.14%
Gross Profit Margin 52.87% 51.45%
Selling, General & Admin $160.6M $174.9M
YoY Change 4.42% 24.48%
% of Gross Profit 33.42% 37.44%
Research & Development $25.00M $28.30M
YoY Change 30.89% 56.35%
% of Gross Profit 5.2% 6.06%
Depreciation & Amortization $38.80M $39.80M
YoY Change -5.37% -1.0%
% of Gross Profit 8.07% 8.52%
Operating Expenses $209.3M $222.3M
YoY Change 1.8% -66.39%
Operating Profit $271.2M $244.8M
YoY Change 14.53% -203.12%
Interest Expense -$11.90M -$13.90M
YoY Change -22.22% -4.79%
% of Operating Profit -4.39% -5.68%
Other Income/Expense, Net $10.80M $10.90M
YoY Change 44.0% -327.08%
Pretax Income $270.1M $241.8M
YoY Change 17.95% -194.16%
Income Tax $61.90M $74.00M
% Of Pretax Income 22.92% 30.6%
Net Earnings $208.2M $167.8M
YoY Change 38.62% -190.95%
Net Earnings / Revenue 22.91% 18.48%
Basic Earnings Per Share $1.96 $1.58
Diluted Earnings Per Share $1.95 $1.57
COMMON SHARES
Basic Shares Outstanding 105.5M 105.6M
Diluted Shares Outstanding 106.1M 106.1M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $437.1M $517.3M
YoY Change 14.81% 17.09%
Cash & Equivalents $403.1M $413.6M
Short-Term Investments $34.00M $103.7M
Other Short-Term Assets $56.40M $51.70M
YoY Change 30.25% 32.56%
Inventory
Prepaid Expenses
Receivables $359.1M $363.6M
Other Receivables $60.40M $38.00M
Total Short-Term Assets $2.278B $1.744B
YoY Change 20.08% -9.75%
LONG-TERM ASSETS
Property, Plant & Equipment $105.6M $115.8M
YoY Change -0.19% 7.72%
Goodwill $3.125B $3.138B
YoY Change 0.35% 0.2%
Intangibles $1.571B $1.614B
YoY Change -5.69% -9.95%
Long-Term Investments $288.8M $240.4M
YoY Change 33.7% 15.8%
Other Assets $189.6M $181.1M
YoY Change 31.21% 28.99%
Total Long-Term Assets $5.455B $5.452B
YoY Change 1.0% -1.65%
TOTAL ASSETS
Total Short-Term Assets $2.278B $1.744B
Total Long-Term Assets $5.455B $5.452B
Total Assets $7.733B $7.196B
YoY Change 5.96% -3.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.50M $33.10M
YoY Change -36.62% -5.97%
Accrued Expenses $186.4M $166.9M
YoY Change 6.45% 8.87%
Deferred Revenue $9.100M $14.40M
YoY Change -41.67% -36.56%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $74.90M $164.9M
YoY Change
Total Short-Term Liabilities $1.850B $1.468B
YoY Change 19.69% -8.22%
LONG-TERM LIABILITIES
Long-Term Debt $1.439B $1.438B
YoY Change -22.64% -26.59%
Other Long-Term Liabilities $65.00M $56.70M
YoY Change 99.39% 73.93%
Total Long-Term Liabilities $1.504B $1.495B
YoY Change -20.54% -24.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.850B $1.468B
Total Long-Term Liabilities $1.504B $1.495B
Total Liabilities $3.944B $3.532B
YoY Change -1.48% -16.2%
SHAREHOLDERS EQUITY
Retained Earnings $2.556B $2.406B
YoY Change 23.77% 22.25%
Common Stock $1.100M $1.100M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.788B $3.664B
YoY Change
Total Liabilities & Shareholders Equity $7.733B $7.196B
YoY Change 5.96% -3.75%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $208.2M $167.8M
YoY Change 38.62% -190.95%
Depreciation, Depletion And Amortization $38.80M $39.80M
YoY Change -5.37% -1.0%
Cash From Operating Activities $736.9M -$503.1M
YoY Change 335.26% -20.7%
INVESTING ACTIVITIES
Capital Expenditures $7.700M $7.800M
YoY Change -175.49% -168.42%
Acquisitions
YoY Change
Other Investing Activities $33.60M -$36.90M
YoY Change -12.73% -94.99%
Cash From Investing Activities $25.90M -$44.70M
YoY Change -8.48% -94.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -164.9M -207.5M
YoY Change 2.36% -171.72%
NET CHANGE
Cash From Operating Activities 736.9M -503.1M
Cash From Investing Activities 25.90M -44.70M
Cash From Financing Activities -164.9M -207.5M
Net Change In Cash 597.9M -755.3M
YoY Change 1538.08% -30.9%
FREE CASH FLOW
Cash From Operating Activities $736.9M -$503.1M
Capital Expenditures $7.700M $7.800M
Free Cash Flow $729.2M -$510.9M
YoY Change 306.24% -17.99%

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OperatingLeaseWeightedAverageDiscountRatePercent
0.032
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.031
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
6600000
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
5500000
us-gaap Operating Lease Payments
OperatingLeasePayments
13000000.0
us-gaap Operating Lease Payments
OperatingLeasePayments
10800000
CY2023Q2 cboe Additional Right Of Use Assets
AdditionalRightOfUseAssets
-200000
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6800000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3100000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
21600000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
10900000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
18200000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
17400000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
18100000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
14700000
CY2023Q2 cboe Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
89000000.0
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
168300000
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
27900000
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
140400000
CY2023Q2 cboe Lessee Operating Lease Liability Payments With Option To Extend Term
LesseeOperatingLeaseLiabilityPaymentsWithOptionToExtendTerm
20400000

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