2023 Q2 Form 10-Q Financial Statement

#000001784323000009 Filed on April 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $758.1M $690.1M
YoY Change 34.49% 41.12%
Cost Of Revenue $639.1M $596.6M
YoY Change 29.98% 32.73%
Gross Profit $119.0M $93.50M
YoY Change 65.28% 136.71%
Gross Profit Margin 15.7% 13.55%
Selling, General & Admin $56.10M $54.20M
YoY Change 18.35% 41.15%
% of Gross Profit 47.14% 57.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.50M $32.80M
YoY Change 1.82% -1.2%
% of Gross Profit 28.15% 35.08%
Operating Expenses $56.10M $54.20M
YoY Change 18.35% 41.15%
Operating Profit $62.90M $39.30M
YoY Change 155.69% 3472.73%
Interest Expense -$14.10M $14.50M
YoY Change -22.1% 29.46%
% of Operating Profit -22.42% 36.9%
Other Income/Expense, Net -$200.0K -$800.0K
YoY Change -104.08% -144.44%
Pretax Income $48.60M $24.00M
YoY Change 800.0% -389.16%
Income Tax $10.20M $5.400M
% Of Pretax Income 20.99% 22.5%
Net Earnings $38.40M $18.60M
YoY Change 1376.92% -348.0%
Net Earnings / Revenue 5.07% 2.7%
Basic Earnings Per Share $0.38
Diluted Earnings Per Share $0.78 $0.38
COMMON SHARES
Basic Shares Outstanding 48.55M shares 48.51M shares
Diluted Shares Outstanding 49.20M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.50M $22.30M
YoY Change -71.14% -94.34%
Cash & Equivalents $44.50M $22.30M
Short-Term Investments
Other Short-Term Assets $66.40M $84.40M
YoY Change -23.5% -41.02%
Inventory $639.7M $710.4M
Prepaid Expenses
Receivables $531.3M $515.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.282B $1.333B
YoY Change 14.52% -4.79%
LONG-TERM ASSETS
Property, Plant & Equipment $1.384B $1.384B
YoY Change -2.6% -2.97%
Goodwill $241.4M $241.4M
YoY Change 0.0% 0.0%
Intangibles $28.70M $30.20M
YoY Change -18.47% -19.47%
Long-Term Investments
YoY Change
Other Assets $118.1M $101.2M
YoY Change 7.56% -15.74%
Total Long-Term Assets $1.772B $1.762B
YoY Change -2.26% -3.76%
TOTAL ASSETS
Total Short-Term Assets $1.282B $1.333B
Total Long-Term Assets $1.772B $1.762B
Total Assets $3.054B $3.094B
YoY Change 4.15% -4.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $278.1M $288.0M
YoY Change 14.87% 34.58%
Accrued Expenses $181.3M $147.4M
YoY Change 35.81% 23.04%
Deferred Revenue $14.00M $13.50M
YoY Change -2.78% -3.57%
Short-Term Debt $0.00 $108.6M
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $459.4M $544.0M
YoY Change 22.31% -14.17%
LONG-TERM LIABILITIES
Long-Term Debt $693.0M $692.7M
YoY Change 0.17% 0.26%
Other Long-Term Liabilities $335.1M $91.20M
YoY Change 241.94% -10.94%
Total Long-Term Liabilities $1.028B $783.9M
YoY Change 30.17% -1.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $459.4M $544.0M
Total Long-Term Liabilities $1.028B $783.9M
Total Liabilities $1.658B $1.767B
YoY Change 3.5% -6.16%
SHAREHOLDERS EQUITY
Retained Earnings $1.228B $1.200B
YoY Change 1.4% -1.54%
Common Stock $609.1M $600.2M
YoY Change 1.45% 0.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.396B $1.327B
YoY Change
Total Liabilities & Shareholders Equity $3.054B $3.094B
YoY Change 4.15% -4.21%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $38.40M $18.60M
YoY Change 1376.92% -348.0%
Depreciation, Depletion And Amortization $33.50M $32.80M
YoY Change 1.82% -1.2%
Cash From Operating Activities $174.9M $4.300M
YoY Change 63.46% -87.82%
INVESTING ACTIVITIES
Capital Expenditures $30.80M $20.50M
YoY Change -193.9% -181.67%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$30.80M -$20.50M
YoY Change -4.94% -18.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -117.2M 19.00M
YoY Change -62.88% -93.35%
NET CHANGE
Cash From Operating Activities 174.9M 4.300M
Cash From Investing Activities -30.80M -20.50M
Cash From Financing Activities -117.2M 19.00M
Net Change In Cash 26.90M 2.800M
YoY Change -111.16% -99.05%
FREE CASH FLOW
Cash From Operating Activities $174.9M $4.300M
Capital Expenditures $30.80M $20.50M
Free Cash Flow $144.1M -$16.20M
YoY Change 3.08% -126.82%

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CY2023Q1 us-gaap Assets
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Files In Submission

Name View Source Status
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crs-20230331_cal.xml Edgar Link unprocessable
crs-20230331_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
crs-20230331_lab.xml Edgar Link unprocessable
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0000017843-23-000009-index.html Edgar Link pending
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0000017843-23-000009-xbrl.zip Edgar Link pending
crs-20230331.htm Edgar Link pending
crs-20230331.xsd Edgar Link pending
crs-20230331_htm.xml Edgar Link completed
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