2024 Q3 Form 10-Q Financial Statement

#000082281824000035 Filed on July 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.529B $1.553B
YoY Change 11.99% 11.08%
Cost Of Revenue $1.056B $1.036B
YoY Change 11.83% 9.29%
Gross Profit $473.8M $517.2M
YoY Change 12.35% 14.83%
Gross Profit Margin 30.98% 33.31%
Selling, General & Admin $177.8M $197.9M
YoY Change 3.99% 18.22%
% of Gross Profit 37.53% 38.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.1M $100.5M
YoY Change 7.63% 12.05%
% of Gross Profit 21.12% 19.43%
Operating Expenses $177.8M $197.9M
YoY Change 3.99% -24.06%
Operating Profit $192.3M $215.5M
YoY Change 24.57% 13.52%
Interest Expense -$35.78M -$36.45M
YoY Change 20.48% 21.21%
% of Operating Profit -18.61% -16.91%
Other Income/Expense, Net -$1.123M -$167.0K
YoY Change -436.23% -86.98%
Pretax Income $155.4M $178.9M
YoY Change 24.31% 12.88%
Income Tax $40.18M $45.60M
% Of Pretax Income 25.86% 25.49%
Net Earnings $115.2M $133.3M
YoY Change 26.14% 15.13%
Net Earnings / Revenue 7.53% 8.58%
Basic Earnings Per Share $2.14 $2.47
Diluted Earnings Per Share $2.12 $2.46
COMMON SHARES
Basic Shares Outstanding 53.97M shares 53.94M shares
Diluted Shares Outstanding 54.23M shares 54.25M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $594.7M $493.3M
YoY Change 41.61% 51.26%
Cash & Equivalents $512.4M $402.0M
Short-Term Investments $82.37M $91.29M
Other Short-Term Assets $78.20M $93.44M
YoY Change 0.26% 0.95%
Inventory $376.6M $365.4M
Prepaid Expenses
Receivables $1.101B $1.090B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.354B $2.229B
YoY Change 20.7% 20.59%
LONG-TERM ASSETS
Property, Plant & Equipment $2.698B $2.624B
YoY Change 16.45% 15.88%
Goodwill $1.485B $1.482B
YoY Change 15.44% 15.04%
Intangibles $708.9M $727.5M
YoY Change 15.55% 16.15%
Long-Term Investments
YoY Change
Other Assets $59.16M $74.83M
YoY Change -26.25% 0.7%
Total Long-Term Assets $4.952B $4.908B
YoY Change 15.22% 15.4%
TOTAL ASSETS
Total Short-Term Assets $2.354B $2.229B
Total Long-Term Assets $4.952B $4.908B
Total Assets $7.306B $7.137B
YoY Change 16.93% 16.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $504.2M $447.9M
YoY Change 21.51% 19.63%
Accrued Expenses $398.2M $392.7M
YoY Change 7.89% -2.52%
Deferred Revenue $103.3M $108.0M
YoY Change 0.8% 2.57%
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 $1.122B $1.062B
YoY Change 15.02% 16.1%
LONG-TERM LIABILITIES
Long-Term Debt $2.774B $2.776B
YoY Change 20.96% 20.99%
Other Long-Term Liabilities $147.2M $145.8M
YoY Change 42.37% -66.59%
Total Long-Term Liabilities $3.656B $3.634B
YoY Change 18.43% 33.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.122B $1.062B
Total Long-Term Liabilities $3.656B $3.634B
Total Liabilities $4.778B $4.695B
YoY Change 17.61% 17.63%
SHAREHOLDERS EQUITY
Retained Earnings $2.281B $2.166B
YoY Change 22.35% 22.16%
Common Stock $439.4M $460.5M
YoY Change -10.45% -8.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.528B $2.442B
YoY Change
Total Liabilities & Shareholders Equity $7.306B $7.137B
YoY Change 16.93% 16.97%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $115.2M $133.3M
YoY Change 26.14% 15.13%
Depreciation, Depletion And Amortization $100.1M $100.5M
YoY Change 7.63% 12.05%
Cash From Operating Activities $239.2M $216.0M
YoY Change 8.7% 4.09%
INVESTING ACTIVITIES
Capital Expenditures $97.48M $136.4M
YoY Change -9.74% 10.58%
Acquisitions
YoY Change
Other Investing Activities $15.21M $15.65M
YoY Change 85.49% -160.32%
Cash From Investing Activities -$82.27M -$120.8M
YoY Change -17.57% -19.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -46.95M -30.52M
YoY Change 109.59% -75.47%
NET CHANGE
Cash From Operating Activities 239.2M 216.0M
Cash From Investing Activities -82.27M -120.8M
Cash From Financing Activities -46.95M -30.52M
Net Change In Cash 110.0M 64.73M
YoY Change 12.38% -197.82%
FREE CASH FLOW
Cash From Operating Activities $239.2M $216.0M
Capital Expenditures $97.48M $136.4M
Free Cash Flow $141.8M $79.60M
YoY Change 26.46% -5.43%

Facts In Submission

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LossContingencyAccrualAtCarryingValue
32400000 usd
CY2024Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
32600000 usd
CY2023Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
32400000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1552719000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1552719000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1397900000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1397900000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2929414000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2929414000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2705287000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2705287000 usd
CY2024Q2 clh Income Loss From Continuing Operations Before Interest Tax Depreciation And Amortization Net
IncomeLossFromContinuingOperationsBeforeInterestTaxDepreciationAndAmortizationNet
327816000 usd
CY2023Q2 clh Income Loss From Continuing Operations Before Interest Tax Depreciation And Amortization Net
IncomeLossFromContinuingOperationsBeforeInterestTaxDepreciationAndAmortizationNet
287506000 usd
clh Income Loss From Continuing Operations Before Interest Tax Depreciation And Amortization Net
IncomeLossFromContinuingOperationsBeforeInterestTaxDepreciationAndAmortizationNet
557911000 usd
clh Income Loss From Continuing Operations Before Interest Tax Depreciation And Amortization Net
IncomeLossFromContinuingOperationsBeforeInterestTaxDepreciationAndAmortizationNet
502644000 usd
CY2024Q2 clh Accretion Of Environmental Liabilities
AccretionOfEnvironmentalLiabilities
3304000 usd
CY2023Q2 clh Accretion Of Environmental Liabilities
AccretionOfEnvironmentalLiabilities
3486000 usd
clh Accretion Of Environmental Liabilities
AccretionOfEnvironmentalLiabilities
6521000 usd
clh Accretion Of Environmental Liabilities
AccretionOfEnvironmentalLiabilities
6893000 usd
CY2024Q2 us-gaap Share Based Compensation
ShareBasedCompensation
8515000 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
4500000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
14853000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10518000 usd
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
100504000 usd
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
89697000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
195569000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
174455000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
215493000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
189823000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
340968000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
310778000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-167000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1283000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1308000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1167000 usd
CY2024Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2362000 usd
CY2024Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-36449000 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-30072000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-64988000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-50704000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
178877000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
158468000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
274672000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
256545000 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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