2023 Q2 Form 10-Q Financial Statement

#000095017023015853 Filed on April 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $299.4M $483.3M
YoY Change -26.62% 25.28%
Cost Of Revenue
YoY Change
Gross Profit $299.4M $285.9M
YoY Change 13.16% 6.4%
Gross Profit Margin 100.0% 59.16%
Selling, General & Admin $179.2M $116.9M
YoY Change 43.05% -8.45%
% of Gross Profit 59.84% 40.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.629M $10.54M
YoY Change 13.78% 10.78%
% of Gross Profit 2.88% 3.69%
Operating Expenses $187.8M $176.6M
YoY Change 7.25% -0.74%
Operating Profit $111.6M $109.3M
YoY Change 24.71% 20.41%
Interest Expense -$46.70M $43.32M
YoY Change -287.19% 92.68%
% of Operating Profit -41.85% 39.65%
Other Income/Expense, Net -$121.0K -$133.0K
YoY Change -88.91%
Pretax Income $64.77M $65.64M
YoY Change -7.19% -3.87%
Income Tax $16.63M $14.71M
% Of Pretax Income 25.67% 22.42%
Net Earnings $48.15M $50.92M
YoY Change -8.12% -2.9%
Net Earnings / Revenue 16.08% 10.54%
Basic Earnings Per Share $1.55 $1.62
Diluted Earnings Per Share $1.50 $1.56
COMMON SHARES
Basic Shares Outstanding 31.21M 31.55M
Diluted Shares Outstanding 32.20M 32.71M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $100.0M $97.68M
YoY Change -30.57% -25.83%
Cash & Equivalents $100.0M $97.68M
Short-Term Investments
Other Short-Term Assets $219.4M $246.2M
YoY Change 70.69% 57.51%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.445B $3.385B
YoY Change 23.99% 31.39%
LONG-TERM ASSETS
Property, Plant & Equipment $115.6M $95.40M
YoY Change 30.43% 17.78%
Goodwill $279.3M $279.3M
YoY Change 0.0% 0.0%
Intangibles $23.03M $25.05M
YoY Change -26.69% -25.08%
Long-Term Investments
YoY Change
Other Assets $45.52M $49.74M
YoY Change -16.42% -8.65%
Total Long-Term Assets $463.4M $461.9M
YoY Change -2.47% -1.87%
TOTAL ASSETS
Total Short-Term Assets $3.445B $3.385B
Total Long-Term Assets $463.4M $461.9M
Total Assets $3.908B $3.847B
YoY Change 20.13% 26.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $229.3M $177.9M
YoY Change 35.27% 29.88%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $229.3M $177.9M
YoY Change 35.27% 29.88%
LONG-TERM LIABILITIES
Long-Term Debt $2.297B $2.314B
YoY Change 24.79% 36.4%
Other Long-Term Liabilities $28.38M $25.70M
YoY Change -23.21% -34.26%
Total Long-Term Liabilities $2.325B $2.340B
YoY Change 23.85% 34.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $229.3M $177.9M
Total Long-Term Liabilities $2.325B $2.340B
Total Liabilities $2.659B $2.626B
YoY Change 23.94% 33.37%
SHAREHOLDERS EQUITY
Retained Earnings $1.412B $1.364B
YoY Change 16.66% 17.78%
Common Stock $266.1M $258.8M
YoY Change 11.23% 10.87%
Preferred Stock
YoY Change
Treasury Stock (at cost) $423.0M $394.8M
YoY Change 26.56% 27.93%
Treasury Stock Shares $13.58M
Shareholders Equity $1.249B $1.221B
YoY Change
Total Liabilities & Shareholders Equity $3.908B $3.847B
YoY Change 20.13% 26.25%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $48.15M $50.92M
YoY Change -8.12% -2.9%
Depreciation, Depletion And Amortization $8.629M $10.54M
YoY Change 13.78% 10.78%
Cash From Operating Activities $299.3M $282.0M
YoY Change 25.43% 83.68%
INVESTING ACTIVITIES
Capital Expenditures $10.27M $10.38M
YoY Change -177.84% -202.57%
Acquisitions
YoY Change
Other Investing Activities -$267.8M -$195.1M
YoY Change -23.85% -48.18%
Cash From Investing Activities -$278.0M -$205.4M
YoY Change -23.79% -46.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -48.62M 33.56M
YoY Change -143.21% -85.69%
NET CHANGE
Cash From Operating Activities 299.3M 282.0M
Cash From Investing Activities -278.0M -205.4M
Cash From Financing Activities -48.62M 33.56M
Net Change In Cash -27.35M 110.0M
YoY Change 100.05% 5514.75%
FREE CASH FLOW
Cash From Operating Activities $299.3M $282.0M
Capital Expenditures $10.27M $10.38M
Free Cash Flow $289.1M $271.6M
YoY Change 14.78% 65.98%

Facts In Submission

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