2024 Q2 Form 10-Q Financial Statement

#000082281824000021 Filed on May 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $1.553B $1.377B
YoY Change 11.08% 5.3%
Cost Of Revenue $1.036B $971.1M
YoY Change 9.29% 4.25%
Gross Profit $517.2M $405.6M
YoY Change 14.83% 7.92%
Gross Profit Margin 33.31% 29.46%
Selling, General & Admin $197.9M $181.9M
YoY Change 18.22% 9.06%
% of Gross Profit 38.26% 44.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.5M $95.07M
YoY Change 12.05% 12.16%
% of Gross Profit 19.43% 23.44%
Operating Expenses $197.9M $181.9M
YoY Change -24.06% 9.06%
Operating Profit $215.5M $125.5M
YoY Change 13.52% 3.74%
Interest Expense -$36.45M -$28.54M
YoY Change 21.21% 38.32%
% of Operating Profit -16.91% -22.74%
Other Income/Expense, Net -$167.0K -$1.141M
YoY Change -86.98% -1083.62%
Pretax Income $178.9M $95.80M
YoY Change 12.88% -2.33%
Income Tax $45.60M $25.96M
% Of Pretax Income 25.49% 27.1%
Net Earnings $133.3M $69.83M
YoY Change 15.13% -3.55%
Net Earnings / Revenue 8.58% 5.07%
Basic Earnings Per Share $2.47 $1.29
Diluted Earnings Per Share $2.46 $1.29
COMMON SHARES
Basic Shares Outstanding 53.94M shares 53.94M shares
Diluted Shares Outstanding 54.25M shares 54.21M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $493.3M $442.6M
YoY Change 51.26% 17.68%
Cash & Equivalents $402.0M $337.8M
Short-Term Investments $91.29M $104.8M
Other Short-Term Assets $93.44M $103.5M
YoY Change 0.95% 0.12%
Inventory $365.4M $354.3M
Prepaid Expenses
Receivables $1.090B $1.040B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.229B $2.106B
YoY Change 20.59% 10.65%
LONG-TERM ASSETS
Property, Plant & Equipment $2.624B $2.537B
YoY Change 15.88% 15.6%
Goodwill $1.482B $1.488B
YoY Change 15.04% 15.57%
Intangibles $727.5M $740.0M
YoY Change 16.15% 16.25%
Long-Term Investments
YoY Change
Other Assets $74.83M $69.17M
YoY Change 0.7% 10.91%
Total Long-Term Assets $4.908B $4.834B
YoY Change 15.4% 15.62%
TOTAL ASSETS
Total Short-Term Assets $2.229B $2.106B
Total Long-Term Assets $4.908B $4.834B
Total Assets $7.137B $6.940B
YoY Change 16.97% 14.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $447.9M $452.8M
YoY Change 19.63% 5.93%
Accrued Expenses $392.7M $349.4M
YoY Change -2.52% 11.31%
Deferred Revenue $108.0M $106.4M
YoY Change 2.57% 5.02%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $15.10M $15.10M
YoY Change 51.02% 51.02%
Total Short-Term Liabilities $1.062B $1.018B
YoY Change 16.1% 9.78%
LONG-TERM LIABILITIES
Long-Term Debt $2.776B $2.779B
YoY Change 20.99% 15.31%
Other Long-Term Liabilities $145.8M $125.4M
YoY Change -66.59% 36.45%
Total Long-Term Liabilities $3.634B $3.611B
YoY Change 33.06% 13.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.062B $1.018B
Total Long-Term Liabilities $3.634B $3.611B
Total Liabilities $4.695B $4.628B
YoY Change 17.63% 12.78%
SHAREHOLDERS EQUITY
Retained Earnings $2.166B $2.032B
YoY Change 22.16% 22.65%
Common Stock $460.5M $458.6M
YoY Change -8.44% -9.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.442B $2.311B
YoY Change
Total Liabilities & Shareholders Equity $7.137B $6.940B
YoY Change 16.97% 14.07%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $133.3M $69.83M
YoY Change 15.13% -3.55%
Depreciation, Depletion And Amortization $100.5M $95.07M
YoY Change 12.05% 12.16%
Cash From Operating Activities $216.0M $18.55M
YoY Change 4.09% -33.77%
INVESTING ACTIVITIES
Capital Expenditures $136.4M $137.9M
YoY Change 10.58% 68.83%
Acquisitions $475.3M
YoY Change 337.94%
Other Investing Activities $15.65M -$471.4M
YoY Change -160.32% 306.7%
Cash From Investing Activities -$120.8M -$609.9M
YoY Change -19.11% 208.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $3.776M
YoY Change -99.39%
Cash From Financing Activities -30.52M $486.0M
YoY Change -75.47% -2734.96%
NET CHANGE
Cash From Operating Activities 216.0M $18.55M
Cash From Investing Activities -120.8M -$609.9M
Cash From Financing Activities -30.52M $486.0M
Net Change In Cash 64.73M -$106.9M
YoY Change -197.82% -43.24%
FREE CASH FLOW
Cash From Operating Activities $216.0M $18.55M
Capital Expenditures $136.4M $137.9M
Free Cash Flow $79.60M -$119.4M
YoY Change -5.43% 122.37%

Facts In Submission

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CY2024Q1 us-gaap Allocated Share Based Compensation Expense
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CY2024Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2024Q1 ecd Rule10b51 Arr Adopted Flag
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