2023 Q3 Form 10-Q Financial Statement

#000078516123000052 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $1.207B $1.187B
YoY Change 10.78% -10.78%
Cost Of Revenue $53.90M $52.00M
YoY Change 5.48% -1.52%
Gross Profit $1.153B $1.135B
YoY Change 11.04% -11.16%
Gross Profit Margin 95.53% 95.62%
Selling, General & Admin $722.6M $705.9M
YoY Change 10.17% -17.28%
% of Gross Profit 62.67% 62.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $67.30M $72.60M
YoY Change 8.37% 5.52%
% of Gross Profit 5.84% 6.4%
Operating Expenses $973.6M $951.2M
YoY Change 9.39% -14.74%
Operating Profit $179.4M $183.9M
YoY Change 20.89% 13.45%
Interest Expense $35.90M -$35.40M
YoY Change -6.02% -158.42%
% of Operating Profit 20.01% -19.25%
Other Income/Expense, Net $500.0K $2.700M
YoY Change -113.89% -142.86%
Pretax Income $145.0M $151.2M
YoY Change 35.14% 58.99%
Income Tax $30.30M $32.80M
% Of Pretax Income 20.9% 21.69%
Net Earnings $85.30M $90.80M
YoY Change 87.89% 86.45%
Net Earnings / Revenue 7.07% 7.65%
Basic Earnings Per Share $0.85 $0.91
Diluted Earnings Per Share $0.84 $0.91
COMMON SHARES
Basic Shares Outstanding 100.2M shares 100.2M shares
Diluted Shares Outstanding 101.4M shares 101.1M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $99.70M $117.5M
YoY Change 66.72% -37.0%
Cash & Equivalents $99.70M $117.5M
Short-Term Investments
Other Short-Term Assets $136.6M $174.2M
YoY Change 5.4% 49.66%
Inventory
Prepaid Expenses
Receivables $535.9M $532.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $813.7M $824.0M
YoY Change 10.89% -20.19%
LONG-TERM ASSETS
Property, Plant & Equipment $3.383B $3.268B
YoY Change 12.65% 10.1%
Goodwill $1.281B $1.271B
YoY Change 2.72% -48.27%
Intangibles $276.4M $278.1M
YoY Change -2.98% -30.2%
Long-Term Investments
YoY Change
Other Assets $209.8M $219.7M
YoY Change 1.55% -2.92%
Total Long-Term Assets $5.151B $5.037B
YoY Change 8.61% -16.74%
TOTAL ASSETS
Total Short-Term Assets $813.7M $824.0M
Total Long-Term Assets $5.151B $5.037B
Total Assets $5.964B $5.861B
YoY Change 8.92% -17.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $165.4M $155.8M
YoY Change 23.34% 12.65%
Accrued Expenses $449.9M $476.4M
YoY Change 1.26% -26.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $23.90M $22.80M
YoY Change -8.78% -53.66%
Total Short-Term Liabilities $639.2M $655.0M
YoY Change 5.71% -21.59%
LONG-TERM LIABILITIES
Long-Term Debt $2.693B $2.698B
YoY Change -0.97% -16.57%
Other Long-Term Liabilities $178.9M $368.1M
YoY Change 2.82% 107.97%
Total Long-Term Liabilities $178.9M $3.066B
YoY Change 2.82% 1632.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $639.2M $655.0M
Total Long-Term Liabilities $178.9M $3.066B
Total Liabilities $3.775B $4.386B
YoY Change 1.26% -3.35%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.560B $1.475B
YoY Change
Total Liabilities & Shareholders Equity $5.964B $5.861B
YoY Change 8.92% -17.24%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $85.30M $90.80M
YoY Change 87.89% 86.45%
Depreciation, Depletion And Amortization $67.30M $72.60M
YoY Change 8.37% 5.52%
Cash From Operating Activities $215.2M $206.7M
YoY Change 206.99% -15.49%
INVESTING ACTIVITIES
Capital Expenditures $146.7M $117.2M
YoY Change -199.46% -197.91%
Acquisitions
YoY Change
Other Investing Activities -$15.50M -$11.30M
YoY Change -42.16% 222.86%
Cash From Investing Activities -$162.2M -$128.5M
YoY Change -6.94% 4.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -65.80M -43.50M
YoY Change 34.29% 125.39%
NET CHANGE
Cash From Operating Activities 215.2M 206.7M
Cash From Investing Activities -162.2M -128.5M
Cash From Financing Activities -65.80M -43.50M
Net Change In Cash -12.80M 34.70M
YoY Change -91.64% -66.01%
FREE CASH FLOW
Cash From Operating Activities $215.2M $206.7M
Capital Expenditures $146.7M $117.2M
Free Cash Flow $68.50M $89.50M
YoY Change -68.52% -75.43%

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