2023 Q2 Form 10-Q Financial Statement

#000079005123000068 Filed on April 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $1.526B $1.179B
YoY Change -17.38% -21.22%
Cost Of Revenue $994.6M $832.1M
YoY Change -18.13% -17.24%
Gross Profit $531.3M $346.7M
YoY Change -15.93% -29.37%
Gross Profit Margin 34.82% 29.41%
Selling, General & Admin $189.4M $188.6M
YoY Change -10.07% -7.09%
% of Gross Profit 35.65% 54.4%
Research & Development $13.10M $15.50M
YoY Change 3.97% 26.02%
% of Gross Profit 2.47% 4.47%
Depreciation & Amortization $58.50M $23.30M
YoY Change -6.4% -2.92%
% of Gross Profit 11.01% 6.72%
Operating Expenses $202.5M $204.1M
YoY Change -9.27% -5.2%
Operating Profit $328.8M $141.0M
YoY Change -19.92% -49.15%
Interest Expense -$14.30M $18.80M
YoY Change -163.84% -16.81%
% of Operating Profit -4.35% 13.33%
Other Income/Expense, Net -$200.0K $1.200M
YoY Change -92.0% -1300.0%
Pretax Income $313.1M $128.0M
YoY Change -18.95% -49.76%
Income Tax $71.60M $28.40M
% Of Pretax Income 22.87% 22.19%
Net Earnings $194.6M $101.7M
YoY Change -35.46% -47.47%
Net Earnings / Revenue 12.75% 8.63%
Basic Earnings Per Share $3.83 $1.99
Diluted Earnings Per Share $3.80 $1.96
COMMON SHARES
Basic Shares Outstanding 50.97M shares 51.15M shares
Diluted Shares Outstanding 51.20M shares 51.70M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $379.3M $423.9M
YoY Change 7.39% 45.32%
Cash & Equivalents $379.3M $423.9M
Short-Term Investments
Other Short-Term Assets $674.0M $100.7M
YoY Change 519.49% 11.64%
Inventory $599.2M $781.5M
Prepaid Expenses $24.40M $28.60M
Receivables $1.040B $730.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.693B $2.152B
YoY Change 6.33% -3.43%
LONG-TERM ASSETS
Property, Plant & Equipment $798.8M $840.4M
YoY Change 1.75% 9.27%
Goodwill $2.018B $2.204B
YoY Change -8.33% -0.51%
Intangibles $1.552B $1.802B
YoY Change -19.6% -9.02%
Long-Term Investments
YoY Change
Other Assets $114.3M $116.9M
YoY Change -10.7% -9.52%
Total Long-Term Assets $4.483B $4.963B
YoY Change -11.14% -2.57%
TOTAL ASSETS
Total Short-Term Assets $2.693B $2.152B
Total Long-Term Assets $4.483B $4.963B
Total Assets $7.176B $7.115B
YoY Change -5.3% -2.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $397.2M $367.0M
YoY Change -27.73% -29.55%
Accrued Expenses $244.1M $223.0M
YoY Change -23.72% -19.9%
Deferred Revenue $27.00M $38.00M
YoY Change -28.76% 2.15%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $302.0M $302.0M
YoY Change -14.25% -14.23%
Total Short-Term Liabilities $1.045B $930.0M
YoY Change -17.02% -21.76%
LONG-TERM LIABILITIES
Long-Term Debt $2.282B $2.282B
YoY Change -11.46% -11.44%
Other Long-Term Liabilities $816.7M $569.3M
YoY Change 34.02% -9.23%
Total Long-Term Liabilities $3.099B $3.127B
YoY Change -9.99% -9.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.045B $930.0M
Total Long-Term Liabilities $3.099B $3.127B
Total Liabilities $4.144B $4.057B
YoY Change -11.87% -12.65%
SHAREHOLDERS EQUITY
Retained Earnings $5.246B $5.090B
YoY Change 12.19% 15.61%
Common Stock $610.3M $594.7M
YoY Change 7.15% 5.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.032B $3.058B
YoY Change
Total Liabilities & Shareholders Equity $7.176B $7.115B
YoY Change -5.3% -2.83%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $194.6M $101.7M
YoY Change -35.46% -47.47%
Depreciation, Depletion And Amortization $58.50M $23.30M
YoY Change -6.4% -2.92%
Cash From Operating Activities $221.1M $149.6M
YoY Change 23.38% 237.7%
INVESTING ACTIVITIES
Capital Expenditures $29.90M $40.20M
YoY Change -157.95% 29.26%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $5.700M -$8.000M
YoY Change -21.92% 370.59%
Cash From Investing Activities -$24.20M -$31.70M
YoY Change -45.37% -139.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -232.3M -$94.80M
YoY Change 226.72% -40.3%
NET CHANGE
Cash From Operating Activities 221.1M $149.6M
Cash From Investing Activities -24.20M -$31.70M
Cash From Financing Activities -232.3M -$94.80M
Net Change In Cash -35.40M $23.90M
YoY Change -155.49% -173.09%
FREE CASH FLOW
Cash From Operating Activities $221.1M $149.6M
Capital Expenditures $29.90M $40.20M
Free Cash Flow $191.2M $109.4M
YoY Change -17.16% 728.79%

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CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable
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CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
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CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
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3200000 usd
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5200000 usd
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2023Q1 csl Net Income Loss From Discontinued Operations Available To Common Stockholders Basic And Diluted
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CY2022Q1 csl Net Income Loss Available To Common Stockholders Basic And Diluted
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CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q1 us-gaap Revenue Remaining Performance Obligation
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CY2023Q1 us-gaap Revenue Remaining Performance Obligation
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CY2023Q1 us-gaap Revenue Remaining Performance Obligation
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CY2023Q1 us-gaap Revenue Remaining Performance Obligation
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CY2023Q1 us-gaap Revenue Remaining Performance Obligation
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CY2023Q1 us-gaap Revenue Remaining Performance Obligation
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CY2023Q1 us-gaap Revenue Remaining Performance Obligation
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CY2022Q1 us-gaap Contract With Customer Liability
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CY2023Q1 us-gaap Contract With Customer Asset Gross
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CY2022Q1 us-gaap Contract With Customer Asset Gross
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CY2022Q1 csl Increase Decrease In Contract With Customer Asset Including Business Combinations
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CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q1 us-gaap Allocated Share Based Compensation Expense
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CY2022Q1 us-gaap Allocated Share Based Compensation Expense
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CY2023Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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CY2023Q1 csl Share Based Payment Arrangement Amortization Of Capitalized Cost
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CY2022Q1 csl Share Based Payment Arrangement Amortization Of Capitalized Cost
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CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
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CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
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CY2023Q1 us-gaap Severance Costs1
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CY2022Q1 us-gaap Severance Costs1
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CY2022Q1 us-gaap Restructuring Reserve Accelerated Depreciation
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CY2023Q1 us-gaap Business Exit Costs1
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CY2022Q1 us-gaap Business Exit Costs1
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CY2023Q1 us-gaap Loss On Contract Termination
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CY2023Q1 us-gaap Restructuring Charges
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CY2022Q1 us-gaap Restructuring Charges
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CY2023Q1 us-gaap Restructuring Charges
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CY2022Q1 us-gaap Restructuring Charges
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CY2023Q1 us-gaap Restructuring Charges
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CY2022Q1 us-gaap Restructuring Charges
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CY2022Q4 us-gaap Restructuring Reserve
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CY2021Q4 us-gaap Restructuring Reserve
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CY2023Q1 us-gaap Restructuring Charges
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CY2022Q1 us-gaap Restructuring Charges
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CY2022Q1 us-gaap Restructuring Reserve
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CY2023Q1 csl Expected Effective Income Tax Rate Continuing Operations
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CY2023Q1 csl Discrete Income Tax Expense Benefit
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CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q4 us-gaap Inventory Raw Materials
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CY2023Q1 us-gaap Inventory Work In Process
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CY2023Q1 us-gaap Inventory Finished Goods
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CY2023Q1 us-gaap Inventory Valuation Reserves
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CY2022Q4 us-gaap Inventory Valuation Reserves
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CY2023Q1 us-gaap Inventory Net
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CY2022Q4 us-gaap Inventory Net
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CY2023Q1 us-gaap Taxes Payable Current
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CY2022Q4 us-gaap Standard Product Warranty Accrual
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CY2021Q4 us-gaap Standard Product Warranty Accrual
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CY2023Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
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CY2022Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
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CY2023Q1 us-gaap Standard Product Warranty Accrual Payments
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CY2022Q1 us-gaap Standard Product Warranty Accrual Payments
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CY2023Q1 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
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CY2022Q1 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
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CY2023Q1 us-gaap Standard Product Warranty Accrual
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CY2022Q1 us-gaap Standard Product Warranty Accrual
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CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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CY2023Q1 us-gaap Long Term Debt
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CY2022Q4 us-gaap Long Term Debt
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CY2023Q1 us-gaap Long Term Debt Current
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CY2022Q4 us-gaap Long Term Debt Current
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CY2023Q1 us-gaap Long Term Debt Noncurrent
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CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2281500000 usd
CY2023Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
15900000 usd
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
15800000 usd
CY2023Q1 dei Document Period End Date
DocumentPeriodEndDate
2023-03-31
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
19500000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
19800000 usd

Files In Submission

Name View Source Status
csl-20230331_pre.xml Edgar Link unprocessable
csl-20230331_cal.xml Edgar Link unprocessable
csl-20230331_def.xml Edgar Link unprocessable
csl-20230331_lab.xml Edgar Link unprocessable
0000790051-23-000068-index-headers.html Edgar Link pending
0000790051-23-000068-index.html Edgar Link pending
0000790051-23-000068.txt Edgar Link pending
0000790051-23-000068-xbrl.zip Edgar Link pending
csl-20230331.htm Edgar Link pending
csl-20230331.xsd Edgar Link pending
csl-20230331_g1.jpg Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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q12023-exhibit311form10xq.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
csl-20230331_htm.xml Edgar Link completed
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