2022 Q3 Form 10-Q Financial Statement

#000162828022020668 Filed on August 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $815.1M $864.3M $801.1M
YoY Change -2.21% 1.03% 2.76%
Cost Of Revenue $485.6M $535.7M $473.8M
YoY Change -4.62% 2.33% 0.7%
Gross Profit $329.5M $328.6M $327.3M
YoY Change 1.57% 2.82% 5.92%
Gross Profit Margin 40.42% 38.02% 40.86%
Selling, General & Admin $186.8M $204.2M $193.7M
YoY Change -0.27% 8.85% 6.31%
% of Gross Profit 56.69% 62.14% 59.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.80M $32.40M $28.60M
YoY Change -0.69% 10.96% -6.54%
% of Gross Profit 8.74% 9.86% 8.74%
Operating Expenses $186.8M $204.2M $193.7M
YoY Change -0.27% 8.85% 6.31%
Operating Profit $142.7M $124.4M $133.6M
YoY Change 3.26% -13.97% -4.57%
Interest Expense -$12.10M $11.40M $11.10M
YoY Change -210.0% 0.0% -18.38%
% of Operating Profit -8.48% 9.16% 8.31%
Other Income/Expense, Net -$157.9M $232.7M -$7.300M
YoY Change 2093.06% -18000.0% -21.51%
Pretax Income -$35.00M $357.1M $126.3M
YoY Change -126.72% 149.2% -3.37%
Income Tax $24.30M $98.90M $31.60M
% Of Pretax Income 27.7% 25.02%
Net Earnings -$59.30M $258.2M $105.0M
YoY Change -150.86% 86.7% -3.14%
Net Earnings / Revenue -7.28% 29.87% 13.11%
Basic Earnings Per Share -$1.06 $4.60 $1.84
Diluted Earnings Per Share -$1.057M $4.54 $1.81
COMMON SHARES
Basic Shares Outstanding 56.10M shares 56.10M shares 57.10M shares
Diluted Shares Outstanding 56.10M shares 56.90M shares 57.90M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $438.6M $650.6M $307.2M
YoY Change -2.71% 68.24% -46.89%
Cash & Equivalents $438.6M $650.6M $307.2M
Short-Term Investments
Other Short-Term Assets $121.1M $130.8M $115.1M
YoY Change 9.3% 0.77% -10.98%
Inventory $435.7M $442.9M $471.3M
Prepaid Expenses
Receivables $486.9M $490.4M $510.9M
Other Receivables $0.00 $13.70M $13.70M
Total Short-Term Assets $1.482B $1.728B $1.652B
YoY Change -15.85% 3.35% 0.6%
LONG-TERM ASSETS
Property, Plant & Equipment $493.9M $514.2M $516.2M
YoY Change -6.07% -4.46% -10.15%
Goodwill $1.497B $1.524B $1.403B
YoY Change 5.59% 6.85% -12.06%
Intangibles $419.9M $435.8M $452.1M
YoY Change -12.28% -11.3% -10.12%
Long-Term Investments
YoY Change
Other Assets $659.1M $239.6M $254.7M
YoY Change 239.04% 21.93% 30.55%
Total Long-Term Assets $2.650B $2.771B $2.701B
YoY Change -2.32% 0.72% -8.26%
TOTAL ASSETS
Total Short-Term Assets $1.482B $1.728B $1.652B
Total Long-Term Assets $2.650B $2.771B $2.701B
Total Assets $4.132B $4.499B $4.353B
YoY Change -7.65% 1.72% -5.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $241.1M $247.9M $233.9M
YoY Change -1.31% 2.35% 0.13%
Accrued Expenses $395.9M $361.6M $333.1M
YoY Change 0.13% -6.9% -11.1%
Deferred Revenue $117.6M $99.30M $96.50M
YoY Change 34.4% 9.97% 1.05%
Short-Term Debt $399.5M $119.4M $104.0M
YoY Change 696.0% -70.02%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.076B $845.3M $797.8M
YoY Change 40.59% 11.4% -22.89%
LONG-TERM LIABILITIES
Long-Term Debt $843.2M $842.9M $842.7M
YoY Change 0.12% -0.06% -0.06%
Other Long-Term Liabilities $336.9M $143.3M $155.6M
YoY Change 113.23% -12.99% -6.27%
Total Long-Term Liabilities $1.180B $986.2M $998.3M
YoY Change 17.99% -2.17% -1.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.076B $845.3M $797.8M
Total Long-Term Liabilities $1.180B $986.2M $998.3M
Total Liabilities $2.422B $2.635B $2.627B
YoY Change -9.1% -2.25% -12.1%
SHAREHOLDERS EQUITY
Retained Earnings $2.752B $2.838B $2.606B
YoY Change 10.94% 18.77% 14.48%
Common Stock $72.40M $72.40M $72.40M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $878.3M $886.7M $861.1M
YoY Change 46.87% 47.64% 45.68%
Treasury Stock Shares 16.29M shares 16.33M shares 16.12M shares
Shareholders Equity $1.711B $1.862B $1.723B
YoY Change
Total Liabilities & Shareholders Equity $4.132B $4.499B $4.353B
YoY Change -7.65% 1.72% -5.09%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$59.30M $258.2M $105.0M
YoY Change -150.86% 86.7% -3.14%
Depreciation, Depletion And Amortization $28.80M $32.40M $28.60M
YoY Change -0.69% 10.96% -6.54%
Cash From Operating Activities -$427.0M $104.5M -$55.50M
YoY Change -454.95% -33.23% -210.56%
INVESTING ACTIVITIES
Capital Expenditures -$11.60M -$12.70M -$12.50M
YoY Change 1.75% 41.11% 155.1%
Acquisitions
YoY Change
Other Investing Activities $3.800M $314.9M -$500.0K
YoY Change -642.86% 1639.78% -101.45%
Cash From Investing Activities -$7.800M $302.2M -$13.00M
YoY Change -35.54% 3220.88% -143.92%
FINANCING ACTIVITIES
Cash Dividend Paid $26.70M
YoY Change 6.8%
Common Stock Issuance & Retirement, Net $175.8M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 254.9M -37.80M -$97.80M
YoY Change -816.01% -89.51% 118.3%
NET CHANGE
Cash From Operating Activities -427.0M 104.5M -55.50M
Cash From Investing Activities -7.800M 302.2M -13.00M
Cash From Financing Activities 254.9M -37.80M -$97.80M
Net Change In Cash -179.9M 368.9M -$171.4M
YoY Change -347.8% -289.47% -725.55%
FREE CASH FLOW
Cash From Operating Activities -$427.0M $104.5M -$55.50M
Capital Expenditures -$11.60M -$12.70M -$12.50M
Free Cash Flow -$415.4M $117.2M -$43.00M
YoY Change -415.41% -29.18% -178.04%

Facts In Submission

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