2024 Q3 Form 10-Q Financial Statement

#000104631124000028 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $428.0M $435.2M
YoY Change 0.57% 1.81%
Cost Of Revenue $192.9M $205.1M
YoY Change -6.96% -1.04%
Gross Profit $235.0M $230.0M
YoY Change 7.71% 4.49%
Gross Profit Margin 54.92% 52.86%
Selling, General & Admin $49.08M $65.00M
YoY Change -10.63% -4.14%
% of Gross Profit 20.88% 28.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.86M $10.83M
YoY Change 12.75% 10.34%
% of Gross Profit 4.62% 4.71%
Operating Expenses $49.08M $65.00M
YoY Change -10.63% -4.14%
Operating Profit $151.8M $132.6M
YoY Change 12.4% 6.62%
Interest Expense -$18.32M -$13.50M
YoY Change -213.29% -182.96%
% of Operating Profit -12.07% -10.18%
Other Income/Expense, Net -$14.64M -$16.04M
YoY Change 5.95% 35.46%
Pretax Income $137.1M $116.6M
YoY Change 13.13% 3.58%
Income Tax $31.43M $29.45M
% Of Pretax Income 22.92% 25.26%
Net Earnings $105.7M $87.14M
YoY Change 14.88% 2.86%
Net Earnings / Revenue 24.7% 20.02%
Basic Earnings Per Share $2.24 $1.82
Diluted Earnings Per Share $2.22 $1.80
COMMON SHARES
Basic Shares Outstanding 47.21M shares 48.16M shares
Diluted Shares Outstanding 47.36M shares 48.04M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.57M $150.9M
YoY Change 60.75% 317.11%
Cash & Equivalents $58.57M $60.41M
Short-Term Investments $90.45M
Other Short-Term Assets $69.11M $30.54M
YoY Change 102.5% -9.7%
Inventory
Prepaid Expenses
Receivables $210.9M $235.4M
Other Receivables $0.00 $31.38M
Total Short-Term Assets $338.6M $448.2M
YoY Change -4.03% 28.73%
LONG-TERM ASSETS
Property, Plant & Equipment $580.0M $541.2M
YoY Change 23.47% 20.45%
Goodwill $220.2M $220.2M
YoY Change 0.0% 0.0%
Intangibles $863.8M $833.0M
YoY Change 10.59% 8.98%
Long-Term Investments $157.5M $125.8M
YoY Change 73.3% 54.91%
Other Assets $91.55M $97.14M
YoY Change 8.02% 11.45%
Total Long-Term Assets $2.205B $2.071B
YoY Change 17.35% 14.9%
TOTAL ASSETS
Total Short-Term Assets $338.6M $448.2M
Total Long-Term Assets $2.205B $2.071B
Total Assets $2.544B $2.519B
YoY Change 13.97% 17.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $152.8M $151.1M
YoY Change 23.1% 24.89%
Accrued Expenses $122.2M $96.58M
YoY Change 26.57% -2.24%
Deferred Revenue $103.2M $105.9M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $478.8M $452.1M
YoY Change 14.27% 11.16%
LONG-TERM LIABILITIES
Long-Term Debt $1.811B $1.868B
YoY Change 30.15% 34.97%
Other Long-Term Liabilities $8.261M $7.665M
YoY Change -22.66% -1.67%
Total Long-Term Liabilities $1.819B $1.876B
YoY Change 29.75% 34.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $478.8M $452.1M
Total Long-Term Liabilities $1.819B $1.876B
Total Liabilities $2.640B $2.666B
YoY Change 22.24% 27.2%
SHAREHOLDERS EQUITY
Retained Earnings $1.939B $1.847B
YoY Change 11.33% 10.98%
Common Stock $356.2M $344.2M
YoY Change 10.7% 10.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$96.15M -$146.8M
YoY Change
Total Liabilities & Shareholders Equity $2.544B $2.519B
YoY Change 13.97% 17.14%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $105.7M $87.14M
YoY Change 14.88% 2.86%
Depreciation, Depletion And Amortization $10.86M $10.83M
YoY Change 12.75% 10.34%
Cash From Operating Activities $122.9M $111.9M
YoY Change 1.23% -1.63%
INVESTING ACTIVITIES
Capital Expenditures $39.62M $41.03M
YoY Change 9.36% 55.36%
Acquisitions
YoY Change
Other Investing Activities $38.29M $21.73M
YoY Change -585.38% -762.27%
Cash From Investing Activities -$1.331M -$19.30M
YoY Change -96.98% -35.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -123.6M -75.04M
YoY Change 60.77% -5.69%
NET CHANGE
Cash From Operating Activities 122.9M 111.9M
Cash From Investing Activities -1.331M -19.30M
Cash From Financing Activities -123.6M -75.04M
Net Change In Cash -1.990M 17.52M
YoY Change -537.36% 293.64%
FREE CASH FLOW
Cash From Operating Activities $122.9M $111.9M
Capital Expenditures $39.62M $41.03M
Free Cash Flow $83.33M $70.83M
YoY Change -2.23% -18.87%

Facts In Submission

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<div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts in our consolidated financial statements have been reclassified in order to maintain comparability with the current year presentation. Business combination, diligence and transition costs, which were previously presented in selling, general and administrative expenses, are now presented within a standalone financial statement line item in the consolidated statements of income. The reclassification had no effect on the Company’s previously reported operating income or net income.</span></div>
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Files In Submission

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