2023 Q3 Form 10-Q Financial Statement

#000172308923000133 Filed on July 25, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $939.8M $926.6M
YoY Change -8.01% -0.64%
Cost Of Revenue $647.9M $643.4M
YoY Change -21.47% -10.73%
Gross Profit $291.9M $283.2M
YoY Change 48.5% 33.66%
Gross Profit Margin 31.06% 30.57%
Selling, General & Admin $162.3M $159.5M
YoY Change 5.58% 12.87%
% of Gross Profit 55.61% 56.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $61.80M $58.68M
YoY Change 2.09% -1.43%
% of Gross Profit 21.17% 20.72%
Operating Expenses $162.3M $159.5M
YoY Change 5.58% 12.87%
Operating Profit $129.5M $123.7M
YoY Change 202.62% 75.34%
Interest Expense -$13.70M -$14.54M
YoY Change 19.61% 35.1%
% of Operating Profit -10.58% -11.76%
Other Income/Expense, Net -$5.998M $3.104M
YoY Change -198.04% -109.62%
Pretax Income $109.8M $108.3M
YoY Change 193.03% 293.88%
Income Tax $29.01M $11.66M
% Of Pretax Income 26.42% 10.76%
Net Earnings $77.71M $95.80M
YoY Change 236.88% 250.37%
Net Earnings / Revenue 8.27% 10.34%
Basic Earnings Per Share $0.40 $0.49
Diluted Earnings Per Share $0.39 $0.48
COMMON SHARES
Basic Shares Outstanding 196.6M shares 198.0M shares
Diluted Shares Outstanding 199.6M shares 200.7M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $285.0M $263.1M
YoY Change 52.02% 57.27%
Cash & Equivalents $285.0M $263.1M
Short-Term Investments
Other Short-Term Assets $91.80M $100.6M
YoY Change -14.24% 24.09%
Inventory $588.8M $599.0M
Prepaid Expenses
Receivables $520.1M $522.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.486B $1.485B
YoY Change 0.6% 1.01%
LONG-TERM ASSETS
Property, Plant & Equipment $839.5M $842.3M
YoY Change 3.44% -0.64%
Goodwill $666.1M $669.1M
YoY Change -5.98% -7.64%
Intangibles $256.4M $270.6M
YoY Change -21.39% -22.99%
Long-Term Investments
YoY Change
Other Assets $63.54M $63.02M
YoY Change -20.3% -9.58%
Total Long-Term Assets $1.826B $1.845B
YoY Change -5.22% -7.44%
TOTAL ASSETS
Total Short-Term Assets $1.486B $1.485B
Total Long-Term Assets $1.826B $1.845B
Total Assets $3.311B $3.330B
YoY Change -2.69% -3.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $500.0M $550.8M
YoY Change 0.13% 11.01%
Accrued Expenses $261.7M $236.8M
YoY Change -2.83% 5.25%
Deferred Revenue $25.88M $20.55M
YoY Change 89.42% 23.05%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $6.250M $6.250M
YoY Change 33.32% 33.32%
Total Short-Term Liabilities $793.9M $814.5M
YoY Change -0.35% 8.16%
LONG-TERM LIABILITIES
Long-Term Debt $594.9M $595.2M
YoY Change -7.62% -14.29%
Other Long-Term Liabilities $92.64M $135.5M
YoY Change -16.34% 83.14%
Total Long-Term Liabilities $687.6M $730.7M
YoY Change -8.9% -4.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $793.9M $814.5M
Total Long-Term Liabilities $687.6M $730.7M
Total Liabilities $1.605B $1.600B
YoY Change -6.03% -4.22%
SHAREHOLDERS EQUITY
Retained Earnings -$442.8M -$457.1M
YoY Change -16.47% -9.13%
Common Stock $2.207B $2.223B
YoY Change -3.12% -4.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.721B $1.730B
YoY Change
Total Liabilities & Shareholders Equity $3.311B $3.330B
YoY Change -2.69% -3.85%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $77.71M $95.80M
YoY Change 236.88% 250.37%
Depreciation, Depletion And Amortization $61.80M $58.68M
YoY Change 2.09% -1.43%
Cash From Operating Activities $163.0M $115.9M
YoY Change -12.91% 56.13%
INVESTING ACTIVITIES
Capital Expenditures $53.70M $30.75M
YoY Change -353.34% -233.93%
Acquisitions
YoY Change
Other Investing Activities $5.200M $3.604M
YoY Change 251.83% 62.71%
Cash From Investing Activities -$48.40M -$27.14M
YoY Change 145.45% 30.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -91.30M -74.13M
YoY Change -35.17% 14.82%
NET CHANGE
Cash From Operating Activities 163.0M 115.9M
Cash From Investing Activities -48.40M -27.14M
Cash From Financing Activities -91.30M -74.13M
Net Change In Cash 23.30M 14.63M
YoY Change -12.39% -232.21%
FREE CASH FLOW
Cash From Operating Activities $163.0M $115.9M
Capital Expenditures $53.70M $30.75M
Free Cash Flow $109.3M $85.16M
YoY Change -47.54% -12.38%

Facts In Submission

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a20230630exhibit311.htm Edgar Link pending
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