2024 Q4 Form 10-Q Financial Statement

#000079005124000198 Filed on October 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $1.334B $1.260B
YoY Change 5.86% -29.78%
Cost Of Revenue $819.2M $793.7M
YoY Change 3.21% -33.96%
Gross Profit $514.4M $466.1M
YoY Change 10.36% -21.31%
Gross Profit Margin 38.57% 37.0%
Selling, General & Admin $191.8M $161.7M
YoY Change 18.61% -22.63%
% of Gross Profit 37.29% 34.69%
Research & Development $8.100M $7.200M
YoY Change 12.5% -45.04%
% of Gross Profit 1.57% 1.54%
Depreciation & Amortization $44.60M $50.30M
YoY Change -11.33% -20.16%
% of Gross Profit 8.67% 10.79%
Operating Expenses $199.9M $168.9M
YoY Change 18.35% -23.95%
Operating Profit $316.4M $299.9M
YoY Change 5.5% -13.87%
Interest Expense $4.000M $19.40M
YoY Change -79.38% -14.16%
% of Operating Profit 1.26% 6.47%
Other Income/Expense, Net $1.100M -$600.0K
YoY Change -283.33% -50.0%
Pretax Income $321.5M $283.5M
YoY Change 13.4% -13.41%
Income Tax $74.90M $66.60M
% Of Pretax Income 23.3% 23.49%
Net Earnings $244.3M $265.6M
YoY Change -8.02% 4.28%
Net Earnings / Revenue 18.32% 21.08%
Basic Earnings Per Share $5.31 $5.35
Diluted Earnings Per Share $5.25 $5.29
COMMON SHARES
Basic Shares Outstanding 45.33M shares 46.24M shares 49.92M shares
Diluted Shares Outstanding 46.50M shares 50.10M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.531B $108.0M
YoY Change 1317.22% -82.73%
Cash & Equivalents $1.531B $108.0M
Short-Term Investments
Other Short-Term Assets $91.50M $102.8M
YoY Change -10.99% -21.41%
Inventory $462.4M $394.8M
Prepaid Expenses $27.70M $23.90M
Receivables $799.2M $768.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.911B $3.657B
YoY Change -20.39% 31.98%
LONG-TERM ASSETS
Property, Plant & Equipment $670.7M $627.2M
YoY Change 6.94% -20.7%
Goodwill $1.342B $1.178B
YoY Change 13.94% -46.29%
Intangibles $1.426B $1.263B
YoY Change 12.92% -32.15%
Long-Term Investments
YoY Change
Other Assets $128.4M $91.30M
YoY Change 40.64% -21.56%
Total Long-Term Assets $3.567B $3.159B
YoY Change 12.92% -36.32%
TOTAL ASSETS
Total Short-Term Assets $2.911B $3.657B
Total Long-Term Assets $3.567B $3.159B
Total Assets $6.478B $6.816B
YoY Change -4.95% -11.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $327.3M $328.4M
YoY Change -0.33% -33.94%
Accrued Expenses $310.4M $254.0M
YoY Change 22.2% -29.72%
Deferred Revenue $27.70M $25.70M
YoY Change 7.78% -39.1%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $403.0M $2.300M
YoY Change 17421.74% -99.65%
Total Short-Term Liabilities $1.068B $875.6M
YoY Change 22.02% -43.59%
LONG-TERM LIABILITIES
Long-Term Debt $1.887B $2.283B
YoY Change -17.34% 0.13%
Other Long-Term Liabilities $444.4M $444.3M
YoY Change 0.02% -25.32%
Total Long-Term Liabilities $2.647B $3.017B
YoY Change -12.25% -3.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.068B $875.6M
Total Long-Term Liabilities $2.647B $3.017B
Total Liabilities $3.716B $3.892B
YoY Change -4.54% -17.02%
SHAREHOLDERS EQUITY
Retained Earnings $6.655B $5.470B
YoY Change 21.68% 11.81%
Common Stock $659.4M $623.1M
YoY Change 5.83% 7.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.763B $2.924B
YoY Change
Total Liabilities & Shareholders Equity $6.478B $6.816B
YoY Change -4.95% -11.85%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $244.3M $265.6M
YoY Change -8.02% 4.28%
Depreciation, Depletion And Amortization $44.60M $50.30M
YoY Change -11.33% -20.16%
Cash From Operating Activities $312.8M $441.7M
YoY Change -29.18% 20.98%
INVESTING ACTIVITIES
Capital Expenditures $19.30M $36.20M
YoY Change -46.69% -175.73%
Acquisitions
YoY Change
Other Investing Activities $1.600M $5.400M
YoY Change -70.37% 2600.0%
Cash From Investing Activities -$17.70M -$30.80M
YoY Change -42.53% -35.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -501.0M -667.4M
YoY Change -24.93% 1441.34%
NET CHANGE
Cash From Operating Activities 312.8M 441.7M
Cash From Investing Activities -17.70M -30.80M
Cash From Financing Activities -501.0M -667.4M
Net Change In Cash -205.9M -256.5M
YoY Change -19.73% -193.54%
FREE CASH FLOW
Cash From Operating Activities $312.8M $441.7M
Capital Expenditures $19.30M $36.20M
Free Cash Flow $293.5M $405.5M
YoY Change -27.62% -1.79%

Facts In Submission

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us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
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us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
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445400000 usd
us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
34700000 usd
us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
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CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2024Q3 us-gaap Revenue Remaining Performance Obligation
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CY2024Q3 us-gaap Revenue Remaining Performance Obligation
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us-gaap Contract With Customer Liability Revenue Recognized
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us-gaap Contract With Customer Liability Revenue Recognized
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csl Contract With Customer Liability Revenue Deferred In Period
ContractWithCustomerLiabilityRevenueDeferredInPeriod
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csl Contract With Customer Liability Revenue Deferred In Period
ContractWithCustomerLiabilityRevenueDeferredInPeriod
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CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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CY2023Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
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us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
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CY2024Q3 csl Share Based Payment Arrangement Amortization Of Capitalized Cost
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CY2023Q3 csl Share Based Payment Arrangement Amortization Of Capitalized Cost
ShareBasedPaymentArrangementAmortizationOfCapitalizedCost
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csl Share Based Payment Arrangement Amortization Of Capitalized Cost
ShareBasedPaymentArrangementAmortizationOfCapitalizedCost
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csl Share Based Payment Arrangement Amortization Of Capitalized Cost
ShareBasedPaymentArrangementAmortizationOfCapitalizedCost
3600000 usd
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
8000000.0 usd
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
7600000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
25700000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
24600000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.227
csl Expected Effective Income Tax Rate Continuing Operations
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0.237
csl Discrete Income Tax Expense Benefit
DiscreteIncomeTaxExpenseBenefit
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2024Q3 us-gaap Inventory Raw Materials
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156800000 usd
CY2023Q4 us-gaap Inventory Raw Materials
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120900000 usd
CY2024Q3 us-gaap Inventory Work In Process
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26100000 usd
CY2023Q4 us-gaap Inventory Work In Process
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26200000 usd
CY2024Q3 us-gaap Inventory Finished Goods
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289500000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
222500000 usd
CY2024Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
10000000.0 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
7900000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
462400000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
361700000 usd
CY2024Q3 csl Accrued Customer Incentives Current
AccruedCustomerIncentivesCurrent
96200000 usd
CY2023Q4 csl Accrued Customer Incentives Current
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112700000 usd
CY2024Q3 us-gaap Employee Related Liabilities Current
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87700000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
77200000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
28600000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
24900000 usd
CY2024Q3 us-gaap Taxes Payable Current
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30500000 usd
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19900000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
67400000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
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58200000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
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310400000 usd
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292900000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
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24900000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
25200000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
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15200000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
10300000 usd
us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
800000 usd
us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
12400000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
12000000.0 usd
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-100000 usd
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
100000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
28600000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23400000 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
9800000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
10600000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
2290200000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2289400000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
403000000.0 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
402700000 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1887200000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1886700000 usd
CY2024Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
22900000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
17600000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
20100000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
19800000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
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false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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csl-20240930_def.xml Edgar Link unprocessable
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csl-20240930_pre.xml Edgar Link unprocessable