2023 Q2 Form 10-Q Financial Statement

#000163279023000032 Filed on May 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $699.4M $684.1M
YoY Change -3.93% -0.19%
Cost Of Revenue $427.8M $430.8M
YoY Change -3.65% -3.62%
Gross Profit $271.6M $253.3M
YoY Change -4.37% 6.25%
Gross Profit Margin 38.83% 37.03%
Selling, General & Admin $150.9M $118.3M
YoY Change 26.91% -4.13%
% of Gross Profit 55.56% 46.7%
Research & Development $8.800M $8.000M
YoY Change 3.53% 1.27%
% of Gross Profit 3.24% 3.16%
Depreciation & Amortization $30.50M $30.40M
YoY Change 0.33% 4.11%
% of Gross Profit 11.23% 12.0%
Operating Expenses $174.9M $126.3M
YoY Change 37.28% -3.81%
Operating Profit $96.70M $127.0M
YoY Change -38.25% 18.58%
Interest Expense -$46.90M $42.00M
YoY Change -214.11% 9.66%
% of Operating Profit -48.5% 33.07%
Other Income/Expense, Net -$5.200M -$800.0K
YoY Change -248.57% -86.67%
Pretax Income $40.40M $50.40M
YoY Change -37.94% 80.0%
Income Tax $8.600M $10.40M
% Of Pretax Income 21.29% 20.63%
Net Earnings $31.80M $40.00M
YoY Change -39.31% 110.53%
Net Earnings / Revenue 4.55% 5.85%
Basic Earnings Per Share $0.44 $0.56
Diluted Earnings Per Share $0.44 $0.55
COMMON SHARES
Basic Shares Outstanding 71.48M shares 71.43M shares
Diluted Shares Outstanding 72.50M shares 72.40M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $202.4M $193.7M
YoY Change 1.45% -9.15%
Cash & Equivalents $202.4M $193.7M
Short-Term Investments
Other Short-Term Assets $160.1M $31.50M
YoY Change 473.84% 55.17%
Inventory $765.4M $746.7M
Prepaid Expenses $126.6M $108.1M
Receivables $385.1M $357.2M
Other Receivables $55.40M $50.90M
Total Short-Term Assets $1.568B $1.488B
YoY Change -4.42% -6.64%
LONG-TERM ASSETS
Property, Plant & Equipment $448.7M $350.3M
YoY Change 21.11% -9.3%
Goodwill $1.023B $1.020B
YoY Change -1.13% -2.77%
Intangibles $1.253B $1.267B
YoY Change -31.82% -31.16%
Long-Term Investments
YoY Change
Other Assets $211.8M $144.5M
YoY Change 20.34% -10.91%
Total Long-Term Assets $2.937B $2.948B
YoY Change -17.08% -17.33%
TOTAL ASSETS
Total Short-Term Assets $1.568B $1.488B
Total Long-Term Assets $2.937B $2.948B
Total Assets $4.505B $4.436B
YoY Change -13.07% -14.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $381.1M $329.4M
YoY Change 2.23% -14.02%
Accrued Expenses $174.3M $162.0M
YoY Change -10.34% -16.19%
Deferred Revenue
YoY Change
Short-Term Debt $5.300M $2.000M
YoY Change -91.37% 66.67%
Long-Term Debt Due $12.30M $12.30M
YoY Change -2.38% -12.14%
Total Short-Term Liabilities $726.1M $636.9M
YoY Change -6.12% -13.76%
LONG-TERM LIABILITIES
Long-Term Debt $3.377B $3.415B
YoY Change -4.73% -4.95%
Other Long-Term Liabilities $219.0M $132.8M
YoY Change 28.67% -21.51%
Total Long-Term Liabilities $3.596B $3.547B
YoY Change -3.2% -5.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $726.1M $636.9M
Total Long-Term Liabilities $3.596B $3.547B
Total Liabilities $4.338B $4.288B
YoY Change -7.36% -8.75%
SHAREHOLDERS EQUITY
Retained Earnings -$184.3M -$216.0M
YoY Change -413.97% -874.19%
Common Stock $769.2M $787.2M
YoY Change -9.35% -6.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $166.9M $148.4M
YoY Change
Total Liabilities & Shareholders Equity $4.505B $4.436B
YoY Change -13.07% -14.03%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $31.80M $40.00M
YoY Change -39.31% 110.53%
Depreciation, Depletion And Amortization $30.50M $30.40M
YoY Change 0.33% 4.11%
Cash From Operating Activities $86.10M $49.20M
YoY Change 3344.0% -190.94%
INVESTING ACTIVITIES
Capital Expenditures $16.70M $9.200M
YoY Change -148.41% -142.79%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$16.70M -$9.200M
YoY Change -50.15% -57.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -57.80M -124.0M
YoY Change -304.96% -280.23%
NET CHANGE
Cash From Operating Activities 86.10M 49.20M
Cash From Investing Activities -16.70M -9.200M
Cash From Financing Activities -57.80M -124.0M
Net Change In Cash 11.60M -84.00M
YoY Change -514.29% 1153.73%
FREE CASH FLOW
Cash From Operating Activities $86.10M $49.20M
Capital Expenditures $16.70M $9.200M
Free Cash Flow $69.40M $40.00M
YoY Change 87.57% -222.7%

Facts In Submission

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CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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