2022 Q1 Form 10-Q Financial Statement

#000095017022006478 Filed on April 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $1.297B $1.239B
YoY Change 4.71% 6.33%
Cost Of Revenue $744.7M $688.0M
YoY Change 8.24% 8.65%
Gross Profit $552.5M $550.9M
YoY Change 0.29% 3.55%
Gross Profit Margin 42.59% 44.47%
Selling, General & Admin $169.9M $149.6M
YoY Change 13.57% 23.64%
% of Gross Profit 30.75% 27.16%
Research & Development $24.50M $24.10M
YoY Change 1.66% 11.06%
% of Gross Profit 4.43% 4.37%
Depreciation & Amortization $16.60M $16.80M
YoY Change -1.19% 5.0%
% of Gross Profit 3.0% 3.05%
Operating Expenses $194.4M $173.7M
YoY Change 11.92% 21.72%
Operating Profit $280.7M $302.6M
YoY Change -7.24% -3.81%
Interest Expense $16.60M $14.00M
YoY Change 18.57% -195.89%
% of Operating Profit 5.91% 4.63%
Other Income/Expense, Net -$300.0K -$100.0K
YoY Change 200.0% -83.33%
Pretax Income $266.2M $291.0M
YoY Change -8.52% -2.81%
Income Tax $61.80M $70.30M
% Of Pretax Income 23.22% 24.16%
Net Earnings $204.4M $220.7M
YoY Change -7.39% -3.96%
Net Earnings / Revenue 15.76% 17.81%
Basic Earnings Per Share $0.84 $0.90
Diluted Earnings Per Share $0.83 $0.88
COMMON SHARES
Basic Shares Outstanding 242.6M 245.2M
Diluted Shares Outstanding 246.7M 249.8M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $174.4M $127.5M
YoY Change 36.78% -87.82%
Cash & Equivalents $174.4M $127.5M
Short-Term Investments
Other Short-Term Assets $41.50M $37.20M
YoY Change 11.56% 12.73%
Inventory $598.8M $541.3M
Prepaid Expenses
Receivables $407.1M $405.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.222B $1.112B
YoY Change 9.89% -39.21%
LONG-TERM ASSETS
Property, Plant & Equipment $653.2M $611.7M
YoY Change 6.78% 7.94%
Goodwill $2.274B $2.230B
YoY Change 1.98% 7.29%
Intangibles $3.465B $3.079B
YoY Change 12.51% 13.15%
Long-Term Investments $10.80M $9.900M
YoY Change 9.09% -1.0%
Other Assets $316.9M $338.5M
YoY Change -6.38% 20.63%
Total Long-Term Assets $6.719B $6.269B
YoY Change 7.18% 10.82%
TOTAL ASSETS
Total Short-Term Assets $1.222B $1.112B
Total Long-Term Assets $6.719B $6.269B
Total Assets $7.941B $7.381B
YoY Change 7.59% -1.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $655.0M $547.3M
YoY Change 19.68% 18.95%
Accrued Expenses $354.2M $299.1M
YoY Change 18.42% 6.4%
Deferred Revenue
YoY Change
Short-Term Debt $103.0M $282.2M
YoY Change -63.5% -70.96%
Long-Term Debt Due $699.7M
YoY Change
Total Short-Term Liabilities $1.872B $1.274B
YoY Change 46.87% -27.96%
LONG-TERM LIABILITIES
Long-Term Debt $1.611B $1.813B
YoY Change -11.14% 0.13%
Other Long-Term Liabilities $283.5M $339.8M
YoY Change -16.57% -0.96%
Total Long-Term Liabilities $1.895B $2.153B
YoY Change -11.99% -0.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.872B $1.274B
Total Long-Term Liabilities $1.895B $2.153B
Total Liabilities $4.538B $4.170B
YoY Change 8.84% -10.68%
SHAREHOLDERS EQUITY
Retained Earnings $5.507B $4.945B
YoY Change 11.36% 12.17%
Common Stock $627.0M $599.0M
YoY Change 4.67% 1.78%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.678B $2.278B
YoY Change 17.54% 9.55%
Treasury Stock Shares $50.17M $47.69M
Shareholders Equity $3.403B $3.211B
YoY Change
Total Liabilities & Shareholders Equity $7.941B $7.381B
YoY Change 7.59% -1.4%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $204.4M $220.7M
YoY Change -7.39% -3.96%
Depreciation, Depletion And Amortization $16.60M $16.80M
YoY Change -1.19% 5.0%
Cash From Operating Activities $152.8M $100.2M
YoY Change 52.5% -57.63%
INVESTING ACTIVITIES
Capital Expenditures $15.60M $26.30M
YoY Change -40.68% 56.55%
Acquisitions
YoY Change
Other Investing Activities $100.0K $3.700M
YoY Change -97.3% 131.25%
Cash From Investing Activities -$15.70M -$30.00M
YoY Change -47.67% 163.16%
FINANCING ACTIVITIES
Cash Dividend Paid $63.70M $61.90M
YoY Change 2.91% 4.92%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -202.6M -125.0M
YoY Change 62.08% -118.65%
NET CHANGE
Cash From Operating Activities 152.8M 100.2M
Cash From Investing Activities -15.70M -30.00M
Cash From Financing Activities -202.6M -125.0M
Net Change In Cash -66.20M -55.60M
YoY Change 19.06% -106.24%
FREE CASH FLOW
Cash From Operating Activities $152.8M $100.2M
Capital Expenditures $15.60M $26.30M
Free Cash Flow $137.2M $73.90M
YoY Change 85.66% -66.36%

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