2023 Q3 Form 10-Q Financial Statement

#000131994723000043 Filed on September 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q1 2022 Q3
Revenue $792.2M $760.5M $859.3M
YoY Change -7.81% -7.55% 5.14%
Cost Of Revenue $518.8M $538.6M $563.6M
YoY Change -7.95% -5.25% 5.82%
Gross Profit $273.4M $222.0M $295.7M
YoY Change -7.54% -12.68% 3.86%
Gross Profit Margin 34.51% 29.19% 34.41%
Selling, General & Admin $214.5M $228.7M
YoY Change -6.19% 1.92%
% of Gross Profit 78.47% 77.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.57M $16.56M $22.76M
YoY Change -27.21% -11.65% 15.8%
% of Gross Profit 6.06% 7.46% 7.7%
Operating Expenses $214.5M $212.8M $228.7M
YoY Change -6.19% -8.62% 1.92%
Operating Profit $60.69M $9.193M $67.60M
YoY Change -10.23% -56.95% 10.07%
Interest Expense -$4.794M -$2.150M -$317.0K
YoY Change 1412.3% -58.24% -94.52%
% of Operating Profit -7.9% -23.39% -0.47%
Other Income/Expense, Net $579.0K -$21.00K $37.00K
YoY Change 1464.86% -97.38% -115.16%
Pretax Income $54.33M -$2.294M $64.88M
YoY Change -16.26% -116.2% 22.2%
Income Tax $17.08M -$47.39M $18.67M
% Of Pretax Income 31.43% 28.78%
Net Earnings $37.20M $45.11M $46.21M
YoY Change -19.49% 213.02% 7.82%
Net Earnings / Revenue 4.7% 5.93% 5.38%
Basic Earnings Per Share $0.57 $0.66
Diluted Earnings Per Share $0.56 $0.66 $0.62
COMMON SHARES
Basic Shares Outstanding 65.58M shares 69.60M shares
Diluted Shares Outstanding 67.00M shares 73.94M shares

Balance Sheet

Concept 2023 Q3 2023 Q1 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.19M $58.77M $50.80M
YoY Change -9.08% -19.16% 9.34%
Cash & Equivalents $46.19M $58.77M $50.80M
Short-Term Investments
Other Short-Term Assets $50.31M $47.75M $51.56M
YoY Change -2.42% -13.61% -3.84%
Inventory $606.8M $605.7M $694.0M
Prepaid Expenses
Receivables $97.36M $77.76M $204.9M
Other Receivables $58.58M $0.00 $171.9M
Total Short-Term Assets $800.7M $789.9M $1.001B
YoY Change -20.03% -13.59% 24.57%
LONG-TERM ASSETS
Property, Plant & Equipment $226.6M $235.4M $242.1M
YoY Change -6.41% -8.32% -10.78%
Goodwill $135.3M $97.12M $93.66M
YoY Change 44.42% 3.69% 0.0%
Intangibles $125.0M $46.77M $20.24M
YoY Change 517.53% 50.62% -36.38%
Long-Term Investments $62.94M $63.82M $61.96M
YoY Change 1.58% 14.83% 12.34%
Other Assets $49.43M $42.80M $37.13M
YoY Change 33.11% 35.22% 25.82%
Total Long-Term Assets $1.347B $1.220B $1.101B
YoY Change 22.29% 10.84% -3.6%
TOTAL ASSETS
Total Short-Term Assets $800.7M $789.9M $1.001B
Total Long-Term Assets $1.347B $1.220B $1.101B
Total Assets $2.147B $2.010B $2.102B
YoY Change 2.14% -0.25% 8.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $294.7M $255.4M $337.5M
YoY Change -12.69% -25.09% 12.77%
Accrued Expenses $172.1M $190.7M $210.5M
YoY Change -18.22% -11.65% -5.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.500M $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $650.8M $636.1M $740.1M
YoY Change -12.07% -16.18% -4.46%
LONG-TERM LIABILITIES
Long-Term Debt $328.5M $281.0M $387.4M
YoY Change -15.21% 24.61% 109.92%
Other Long-Term Liabilities $22.78M $24.99M $25.84M
YoY Change -11.84% 2.6% -15.27%
Total Long-Term Liabilities $22.78M $24.99M $413.3M
YoY Change -94.49% -90.0% 92.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $650.8M $636.1M $740.1M
Total Long-Term Liabilities $22.78M $24.99M $413.3M
Total Liabilities $1.684B $1.574B $1.741B
YoY Change -3.28% -1.79% 6.52%
SHAREHOLDERS EQUITY
Retained Earnings $124.1M $81.99M -$1.909M
YoY Change -6600.47% -210.35% -98.87%
Common Stock $1.026B $1.019B $1.010B
YoY Change 1.53% 1.34% 1.21%
Preferred Stock
YoY Change
Treasury Stock (at cost) $685.0M $662.6M $643.6M
YoY Change 6.45% 28.65% 24.95%
Treasury Stock Shares
Shareholders Equity $459.8M $432.9M $360.9M
YoY Change
Total Liabilities & Shareholders Equity $2.147B $2.010B $2.102B
YoY Change 2.14% -0.25% 8.04%

Cashflow Statement

Concept 2023 Q3 2023 Q1 2022 Q3
OPERATING ACTIVITIES
Net Income $37.20M $45.11M $46.21M
YoY Change -19.49% 213.02% 7.82%
Depreciation, Depletion And Amortization $16.57M $16.56M $22.76M
YoY Change -27.21% -11.65% 15.8%
Cash From Operating Activities $111.8M $163.5M $51.54M
YoY Change 116.98% 2191.32% -47.21%
INVESTING ACTIVITIES
Capital Expenditures $10.75M $13.05M -$14.90M
YoY Change -172.1% -218.94% 96.38%
Acquisitions
YoY Change
Other Investing Activities -$17.94M -$19.06M -$8.230M
YoY Change 118.02% 854.05%
Cash From Investing Activities -$28.69M -$32.11M -$23.13M
YoY Change 24.01% 147.61% 204.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -87.86M -137.7M -32.37M
YoY Change 171.42% 3697.22% -64.57%
NET CHANGE
Cash From Operating Activities 111.8M 163.5M 51.54M
Cash From Investing Activities -28.69M -32.11M -23.13M
Cash From Financing Activities -87.86M -137.7M -32.37M
Net Change In Cash -4.722M -6.347M -3.967M
YoY Change 19.03% -32.9% 201.67%
FREE CASH FLOW
Cash From Operating Activities $111.8M $163.5M $51.54M
Capital Expenditures $10.75M $13.05M -$14.90M
Free Cash Flow $101.1M $150.4M $66.44M
YoY Change 52.14% 730.98% -36.86%

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false
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false
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