2023 Q3 Form 10-K Financial Statement

#000002107623000037 Filed on August 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2023
Revenue $1.386B $2.019B $7.389B
YoY Change -20.34% 12.1% 3.97%
Cost Of Revenue $854.0M $1.157B $4.481B
YoY Change -23.34% 2.12% -1.78%
Gross Profit $532.0M $862.0M $2.908B
YoY Change -15.02% 29.04% 14.26%
Gross Profit Margin 38.38% 42.69% 39.36%
Selling, General & Admin $276.0M $540.0M $1.917B
YoY Change 5.75% 19.73% 100.94%
% of Gross Profit 51.88% 62.65% 65.92%
Research & Development $29.00M $38.00M $138.0M
YoY Change -9.38% 11.76% 4.55%
% of Gross Profit 5.45% 4.41% 4.75%
Depreciation & Amortization $61.00M $62.00M $236.0M
YoY Change 8.93% 8.77% 5.36%
% of Gross Profit 11.47% 7.19% 8.12%
Operating Expenses $305.0M $604.0M $2.135B
YoY Change 4.1% 20.32% 96.59%
Operating Profit $227.0M $258.0M $773.0M
YoY Change -31.83% 55.42% -47.02%
Interest Expense $21.00M -$21.00M -$90.00M
YoY Change -4.55% -43.24% -184.91%
% of Operating Profit 9.25% -8.14% -11.64%
Other Income/Expense, Net
YoY Change
Pretax Income $29.00M $237.0M $238.0M
YoY Change -75.0% 83.72% -60.79%
Income Tax $4.000M $56.00M $77.00M
% Of Pretax Income 13.79% 23.63% 32.35%
Net Earnings $22.00M $176.0M $149.0M
YoY Change -74.12% 74.26% -67.75%
Net Earnings / Revenue 1.59% 8.72% 2.02%
Basic Earnings Per Share $0.17 $1.21
Diluted Earnings Per Share $0.17 $1.41 $1.20
COMMON SHARES
Basic Shares Outstanding 123.8M shares 123.6M shares 123.6M shares
Diluted Shares Outstanding 124.7M shares 124.2M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $518.0M $367.0M $367.0M
YoY Change 86.33% 100.55% 100.55%
Cash & Equivalents $518.0M $367.0M $367.0M
Short-Term Investments
Other Short-Term Assets $204.0M $77.00M $77.00M
YoY Change 72.88% -27.36% -27.36%
Inventory $710.0M $696.0M $696.0M
Prepaid Expenses
Receivables $581.0M $688.0M $688.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.911B $1.828B $1.828B
YoY Change 8.39% 5.97% 5.97%
LONG-TERM ASSETS
Property, Plant & Equipment $1.317B $1.691B $1.691B
YoY Change -0.38% 26.76% -0.18%
Goodwill $1.246B $1.252B
YoY Change -19.4% -19.64%
Intangibles $712.0M
YoY Change -19.46%
Long-Term Investments $43.00M
YoY Change -17.31%
Other Assets $486.0M $462.0M $462.0M
YoY Change 56.27% 46.67% 55.56%
Total Long-Term Assets $4.080B $4.117B $4.117B
YoY Change -7.06% -7.13% -7.13%
TOTAL ASSETS
Total Short-Term Assets $1.911B $1.828B $1.828B
Total Long-Term Assets $4.080B $4.117B $4.117B
Total Assets $5.991B $5.945B $5.945B
YoY Change -2.63% -3.46% -3.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.678B $1.659B $1.659B
YoY Change 5.93% 72.81% 72.81%
Accrued Expenses $88.00M $87.00M $87.00M
YoY Change 12.82% 11.54% -80.79%
Deferred Revenue
YoY Change
Short-Term Debt $347.0M $50.00M $50.00M
YoY Change -0.29% -78.9% -78.9%
Long-Term Debt Due $0.00 $9.000M
YoY Change 50.0%
Total Short-Term Liabilities $2.228B $1.917B $1.917B
YoY Change 10.85% 7.46% 7.46%
LONG-TERM LIABILITIES
Long-Term Debt $2.478B $2.477B $2.477B
YoY Change 0.12% 0.12% -0.4%
Other Long-Term Liabilities $837.0M $1.135B $1.135B
YoY Change 3.98% 43.49% 3.94%
Total Long-Term Liabilities $3.315B $3.612B $3.612B
YoY Change 1.07% 10.63% 0.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.228B $1.917B $1.917B
Total Long-Term Liabilities $3.315B $3.612B $3.612B
Total Liabilities $5.860B $5.725B $5.725B
YoY Change 3.59% 5.45% 2.2%
SHAREHOLDERS EQUITY
Retained Earnings $299.0M $583.0M
YoY Change -64.06% -44.37%
Common Stock $1.377B $1.376B
YoY Change 4.0% 3.23%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.219B $1.246B
YoY Change -7.3% -7.43%
Treasury Stock Shares
Shareholders Equity -$37.00M $220.0M $220.0M
YoY Change
Total Liabilities & Shareholders Equity $5.991B $5.945B $5.945B
YoY Change -2.63% -3.46% -3.46%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2023
OPERATING ACTIVITIES
Net Income $22.00M $176.0M $149.0M
YoY Change -74.12% 74.26% -67.75%
Depreciation, Depletion And Amortization $61.00M $62.00M $236.0M
YoY Change 8.93% 8.77% 5.36%
Cash From Operating Activities $20.00M $430.0M $1.158B
YoY Change -88.76% 28.36% 47.33%
INVESTING ACTIVITIES
Capital Expenditures $24.00M $84.00M $228.0M
YoY Change -47.83% -206.33% -9.16%
Acquisitions $0.00
YoY Change
Other Investing Activities -$1.000M $3.000M -$5.000M
YoY Change 0.0% -82.35% -77.27%
Cash From Investing Activities -$23.00M -$81.00M -$223.0M
YoY Change -48.89% 30.65% -2.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities $155.0M -227.0M -$753.0M
YoY Change -542.86% -30.37% 9.29%
NET CHANGE
Cash From Operating Activities $20.00M 430.0M $1.158B
Cash From Investing Activities -$23.00M -81.00M -$223.0M
Cash From Financing Activities $155.0M -227.0M -$753.0M
Net Change In Cash $152.0M 122.0M $182.0M
YoY Change 61.7% -330.19% -231.88%
FREE CASH FLOW
Cash From Operating Activities $20.00M $430.0M $1.158B
Capital Expenditures $24.00M $84.00M $228.0M
Free Cash Flow -$4.000M $346.0M $930.0M
YoY Change -103.03% -16.43% 73.83%

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CY2023Q2 clx Lessee Finance Lease Lease Not Yet Commenced Minimum Lease Payment
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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