2024 Q1 Form 10-Q Financial Statement

#000001784324000003 Filed on January 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $684.9M $624.2M
YoY Change -0.75% 7.79%
Cost Of Revenue $537.9M $501.6M
YoY Change -9.84% -1.47%
Gross Profit $147.0M $122.6M
YoY Change 57.22% 75.14%
Gross Profit Margin 21.46% 19.64%
Selling, General & Admin $57.00M $52.80M
YoY Change 5.17% 11.39%
% of Gross Profit 38.78% 43.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.10M $33.60M
YoY Change 3.96% 3.38%
% of Gross Profit 23.2% 27.41%
Operating Expenses $57.00M $52.80M
YoY Change 5.17% 11.39%
Operating Profit $75.90M $69.80M
YoY Change 93.13% 208.85%
Interest Expense $12.90M $13.00M
YoY Change -11.03% 0.0%
% of Operating Profit 17.0% 18.62%
Other Income/Expense, Net -$52.90M -$1.600M
YoY Change 6512.5% -15.79%
Pretax Income $10.10M $55.20M
YoY Change -57.92% 616.88%
Income Tax $3.800M $12.50M
% Of Pretax Income 37.62% 22.64%
Net Earnings $6.300M $42.70M
YoY Change -66.13% 588.71%
Net Earnings / Revenue 0.92% 6.84%
Basic Earnings Per Share $0.12 $0.86
Diluted Earnings Per Share $0.12 $0.85
COMMON SHARES
Basic Shares Outstanding 49.41M shares 49.31M shares
Diluted Shares Outstanding 50.30M shares 50.20M shares

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $53.50M $15.70M
YoY Change 139.91% -21.5%
Cash & Equivalents $53.50M $15.70M
Short-Term Investments
Other Short-Term Assets $82.20M $88.30M
YoY Change -2.61% -10.9%
Inventory $796.1M $797.8M
Prepaid Expenses
Receivables $521.2M $508.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.453B $1.410B
YoY Change 9.03% 9.88%
LONG-TERM ASSETS
Property, Plant & Equipment $1.351B $1.364B
YoY Change -2.33% -1.89%
Goodwill $227.3M $241.4M
YoY Change -5.84% 0.0%
Intangibles $23.80M $25.40M
YoY Change -21.19% -19.87%
Long-Term Investments
YoY Change
Other Assets $114.0M $111.3M
YoY Change 12.65% 6.71%
Total Long-Term Assets $1.723B $1.749B
YoY Change -2.19% -1.36%
TOTAL ASSETS
Total Short-Term Assets $1.453B $1.410B
Total Long-Term Assets $1.723B $1.749B
Total Assets $3.176B $3.159B
YoY Change 2.65% 3.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $275.2M $313.4M
YoY Change -4.44% 2.86%
Accrued Expenses $178.2M $158.4M
YoY Change 20.9% 27.33%
Deferred Revenue $13.70M $13.50M
YoY Change 1.48% -2.17%
Short-Term Debt $0.00 $13.90M
YoY Change -100.0% -82.88%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $453.4M $485.7M
YoY Change -16.65% -4.82%
LONG-TERM LIABILITIES
Long-Term Debt $693.9M $693.6M
YoY Change 0.17% 0.17%
Other Long-Term Liabilities $99.30M $98.90M
YoY Change 8.88% 6.34%
Total Long-Term Liabilities $793.2M $792.5M
YoY Change 1.19% 0.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $453.4M $485.7M
Total Long-Term Liabilities $793.2M $792.5M
Total Liabilities $1.674B $1.685B
YoY Change -5.29% -2.88%
SHAREHOLDERS EQUITY
Retained Earnings $1.291B $1.295B
YoY Change 7.63% 8.74%
Common Stock $616.4M $611.1M
YoY Change 2.7% 2.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.503B $1.474B
YoY Change
Total Liabilities & Shareholders Equity $3.176B $3.159B
YoY Change 2.65% 3.36%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $6.300M $42.70M
YoY Change -66.13% 588.71%
Depreciation, Depletion And Amortization $34.10M $33.60M
YoY Change 3.96% 3.38%
Cash From Operating Activities $83.50M $14.50M
YoY Change 1841.86% -116.76%
INVESTING ACTIVITIES
Capital Expenditures $21.60M $25.30M
YoY Change 5.37% -244.57%
Acquisitions
YoY Change
Other Investing Activities $100.0K
YoY Change
Cash From Investing Activities -$21.50M -$25.30M
YoY Change 4.88% 44.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.80M 8.400M
YoY Change -225.26% -88.19%
NET CHANGE
Cash From Operating Activities 83.50M 14.50M
Cash From Investing Activities -21.50M -25.30M
Cash From Financing Activities -23.80M 8.400M
Net Change In Cash 38.20M -2.400M
YoY Change 1264.29% -92.71%
FREE CASH FLOW
Cash From Operating Activities $83.50M $14.50M
Capital Expenditures $21.60M $25.30M
Free Cash Flow $61.90M -$10.80M
YoY Change -482.1% -84.35%

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Files In Submission

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crs-20231231.xsd Edgar Link pending
crs-ex31ax20231231.htm Edgar Link pending
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crs-ex32x20231231.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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