2023 Q1 Form 10-Q Financial Statement

#000002107623000007 Filed on February 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4
Revenue $1.915B $1.715B
YoY Change 5.86% 1.42%
Cost Of Revenue $1.115B $1.095B
YoY Change -3.88% -3.35%
Gross Profit $800.0M $620.0M
YoY Change 23.27% 11.11%
Gross Profit Margin 41.78% 36.15%
Selling, General & Admin $311.0M $282.0M
YoY Change 33.48% 17.01%
% of Gross Profit 38.88% 45.48%
Research & Development $35.00M $33.00M
YoY Change 12.9% -2.94%
% of Gross Profit 4.38% 5.32%
Depreciation & Amortization $60.00M $58.00M
YoY Change 5.26% 5.45%
% of Gross Profit 7.5% 9.35%
Operating Expenses $346.0M $315.0M
YoY Change 31.06% 14.55%
Operating Profit $454.0M $305.0M
YoY Change 17.92% 7.77%
Interest Expense $24.00M $23.00M
YoY Change 14.29% 0.0%
% of Operating Profit 5.29% 7.54%
Other Income/Expense, Net
YoY Change
Pretax Income -$245.0M $130.0M
YoY Change -222.5% 39.78%
Income Tax -$36.00M $28.00M
% Of Pretax Income 21.54%
Net Earnings -$211.0M $99.00M
YoY Change -240.67% 43.48%
Net Earnings / Revenue -11.02% 5.77%
Basic Earnings Per Share -$1.71 $0.81
Diluted Earnings Per Share -$1.71 $0.80
COMMON SHARES
Basic Shares Outstanding 123.5M shares 123.4M shares
Diluted Shares Outstanding 123.6M shares 124.0M shares

Balance Sheet

Concept 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $242.0M $168.0M
YoY Change 0.41% -12.5%
Cash & Equivalents $242.0M $168.0M
Short-Term Investments
Other Short-Term Assets $90.00M $113.0M
YoY Change -45.45% -30.25%
Inventory $735.0M $741.0M
Prepaid Expenses
Receivables $678.0M $600.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.745B $1.622B
YoY Change -6.63% -6.84%
LONG-TERM ASSETS
Property, Plant & Equipment $1.315B $1.322B
YoY Change 0.23% 1.85%
Goodwill $1.250B $1.553B
YoY Change -20.48% -0.77%
Intangibles $722.0M
YoY Change
Long-Term Investments
YoY Change
Other Assets $427.0M $331.0M
YoY Change 17.31% -11.97%
Total Long-Term Assets $4.073B $4.423B
YoY Change -8.53% -0.58%
TOTAL ASSETS
Total Short-Term Assets $1.745B $1.622B
Total Long-Term Assets $4.073B $4.423B
Total Assets $5.818B $6.045B
YoY Change -7.97% -2.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.722B $1.589B
YoY Change 9.33% 3.18%
Accrued Expenses $88.00M $80.00M
YoY Change 20.55% 9.59%
Deferred Revenue
YoY Change
Short-Term Debt $138.0M $209.0M
YoY Change -65.06% -45.43%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.996B $1.878B
YoY Change -24.48% -27.66%
LONG-TERM LIABILITIES
Long-Term Debt $2.476B $2.476B
YoY Change 31.21% 31.28%
Other Long-Term Liabilities $824.0M $826.0M
YoY Change -2.25% -4.07%
Total Long-Term Liabilities $3.300B $3.302B
YoY Change 20.88% 20.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.996B $1.878B
Total Long-Term Liabilities $3.300B $3.302B
Total Liabilities $5.646B $5.554B
YoY Change -1.74% -2.54%
SHAREHOLDERS EQUITY
Retained Earnings $415.0M $782.0M
YoY Change -56.36% -17.6%
Common Stock $1.363B $1.338B
YoY Change 2.79% 2.06%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.277B $1.297B
YoY Change -5.96% -5.54%
Treasury Stock Shares
Shareholders Equity $3.000M $321.0M
YoY Change
Total Liabilities & Shareholders Equity $5.818B $6.045B
YoY Change -7.97% -2.34%

Cashflow Statement

Concept 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income -$211.0M $99.00M
YoY Change -240.67% 43.48%
Depreciation, Depletion And Amortization $60.00M $58.00M
YoY Change 5.26% 5.45%
Cash From Operating Activities $341.0M $209.0M
YoY Change 48.91% 15.47%
INVESTING ACTIVITIES
Capital Expenditures $56.00M -$42.00M
YoY Change -188.89% -26.32%
Acquisitions
YoY Change
Other Investing Activities $1.000M $0.00
YoY Change -87.5% -100.0%
Cash From Investing Activities -$55.00M -$42.00M
YoY Change 0.0% -25.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -211.0M -280.0M
YoY Change 64.84% 95.8%
NET CHANGE
Cash From Operating Activities 341.0M 209.0M
Cash From Investing Activities -55.00M -42.00M
Cash From Financing Activities -211.0M -280.0M
Net Change In Cash 75.00M -113.0M
YoY Change 63.04% 527.78%
FREE CASH FLOW
Cash From Operating Activities $341.0M $209.0M
Capital Expenditures $56.00M -$42.00M
Free Cash Flow $285.0M $251.0M
YoY Change -2.4% 5.46%

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