2023 Q1 Form 10-K Financial Statement

#000187732223000007 Filed on March 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $684.0M $664.1M $2.593B
YoY Change 9.6% 6.81%
Cost Of Revenue $436.6M $439.7M $1.708B
YoY Change 10.22% 7.41%
Gross Profit $247.4M $224.4M $885.5M
YoY Change 8.4% 5.67%
Gross Profit Margin 36.17% 33.79% 34.14%
Selling, General & Admin $147.3M $132.7M $533.4M
YoY Change 6.96% 13.84%
% of Gross Profit 59.53% 59.16% 60.23%
Research & Development $9.600M $36.00M
YoY Change -9.32%
% of Gross Profit 3.88% 4.07%
Depreciation & Amortization $21.87M $17.28M $65.98M
YoY Change -69.85% -13.07%
% of Gross Profit 8.84% 7.7% 7.45%
Operating Expenses $156.9M $132.7M $569.4M
YoY Change -0.35% 11.51%
Operating Profit $90.66M $91.65M $329.1M
YoY Change 16.5% 0.52%
Interest Expense -$19.51M -$18.43M -$40.55M
YoY Change -8920.1% 7564.84%
% of Operating Profit -21.52% -20.11% -12.32%
Other Income/Expense, Net $5.836M $9.136M
YoY Change -18.49%
Pretax Income $71.20M $65.98M $300.3M
YoY Change -16.37% -5.9%
Income Tax $37.02M $5.541M $69.17M
% Of Pretax Income 52.0% 8.4% 23.04%
Net Earnings $31.90M $60.26M $223.7M
YoY Change -0.59% -4.83%
Net Earnings / Revenue 4.66% 9.07% 8.63%
Basic Earnings Per Share $0.52 $3.70
Diluted Earnings Per Share $0.52 $1.00 $3.69
COMMON SHARES
Basic Shares Outstanding 60.19M shares 60.05B shares
Diluted Shares Outstanding 60.49M shares 60.15B shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.06M $72.02M $72.02M
YoY Change 74.78%
Cash & Equivalents $82.06M $72.02M $72.02M
Short-Term Investments
Other Short-Term Assets $70.33M $68.85M $125.5M
YoY Change 2.22% 5.18%
Inventory $448.3M $416.8M $416.8M
Prepaid Expenses $55.83M $56.64M
Receivables $404.1M $374.3M $374.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.061B $988.7M $988.7M
YoY Change 2.55% 2.55%
LONG-TERM ASSETS
Property, Plant & Equipment $283.8M $284.2M $376.3M
YoY Change -0.72% -4.56%
Goodwill $1.564B $1.530B
YoY Change -0.21%
Intangibles $518.4M $517.2M
YoY Change -0.82%
Long-Term Investments $28.53M
YoY Change 1.23%
Other Assets $324.7M $342.2M $342.2M
YoY Change 604.89% 604.89%
Total Long-Term Assets $2.788B $2.765B $2.765B
YoY Change 10.74% 10.74%
TOTAL ASSETS
Total Short-Term Assets $1.061B $988.7M $988.7M
Total Long-Term Assets $2.788B $2.765B $2.765B
Total Assets $3.849B $3.754B $3.754B
YoY Change 8.46% 8.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $355.3M $316.3M $316.3M
YoY Change -8.46% -8.46%
Accrued Expenses $275.1M $285.3M $233.5M
YoY Change 13.62% 2.04%
Deferred Revenue $28.32M $25.90M
YoY Change 16.32%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $630.4M $601.6M $601.6M
YoY Change 0.84% 0.84%
LONG-TERM LIABILITIES
Long-Term Debt $1.217B $1.219B $1.219B
YoY Change
Other Long-Term Liabilities $543.6M $545.3M $405.7M
YoY Change 50.25% 112.23%
Total Long-Term Liabilities $1.760B $1.764B $1.624B
YoY Change 386.02% 749.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $630.4M $601.6M $601.6M
Total Long-Term Liabilities $1.760B $1.764B $1.624B
Total Liabilities $2.391B $2.366B $2.404B
YoY Change 146.53% 140.25%
SHAREHOLDERS EQUITY
Retained Earnings $188.1M $159.2M
YoY Change
Common Stock $60.00K $60.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.420B $1.350B $1.350B
YoY Change
Total Liabilities & Shareholders Equity $3.849B $3.754B $3.754B
YoY Change 8.46% 8.46%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $31.90M $60.26M $223.7M
YoY Change -0.59% -4.83%
Depreciation, Depletion And Amortization $21.87M $17.28M $65.98M
YoY Change -69.85% -13.07%
Cash From Operating Activities $38.07M $91.44M $214.4M
YoY Change -52.39% -14.51%
INVESTING ACTIVITIES
Capital Expenditures $7.709M $18.25M $40.24M
YoY Change -196.8% -213.09%
Acquisitions $18.72M $149.0M
YoY Change 2950.75%
Other Investing Activities -$18.04M -$148.5M -$144.2M
YoY Change 3801.79% -45297.49%
Cash From Investing Activities -$25.75M -$166.7M -$184.4M
YoY Change 635.97% 422.96%
FINANCING ACTIVITIES
Cash Dividend Paid $3.033M $6.054M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$7.047M 80.22M $7.557M
YoY Change -145.65% -103.41%
NET CHANGE
Cash From Operating Activities $38.07M 91.44M $214.4M
Cash From Investing Activities -$25.75M -166.7M -$184.4M
Cash From Financing Activities -$7.047M 80.22M $7.557M
Net Change In Cash $10.04M 4.912M $30.82M
YoY Change -177.99% -605.25%
FREE CASH FLOW
Cash From Operating Activities $38.07M $91.44M $214.4M
Capital Expenditures $7.709M $18.25M $40.24M
Free Cash Flow $30.36M $73.20M $174.1M
YoY Change -65.3% -39.19%

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CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
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60094725 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
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100 shares
CY2022Q4 us-gaap Common Stock Value
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CY2021Q4 us-gaap Common Stock Value
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CY2022Q4 us-gaap Additional Paid In Capital
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1865904000 usd
CY2021Q4 us-gaap Additional Paid In Capital
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CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
159231000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
0 usd
CY2022Q4 cfx Former Parent Investment
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CY2021Q4 cfx Former Parent Investment
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CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-674988000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2022Q4 us-gaap Stockholders Equity
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1350207000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
2460735000 usd
CY2022Q4 us-gaap Minority Interest
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38251000 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
40993000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1388458000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2501728000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3754015000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3461262000 usd
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2681203000 usd
CY2020 us-gaap Profit Loss
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159868000 usd
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
4297000 usd
CY2020 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-1965000 usd
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
27178000 usd
CY2020 cfx Shares Issued Value Share Based Payment Arrangement With Former Parent Company
SharesIssuedValueShareBasedPaymentArrangementWithFormerParentCompany
6436000 usd
CY2020 cfx Members Equity Transfers To From Parent Net
MembersEquityTransfersToFromParentNet
321887000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2544767000 usd
CY2021 us-gaap Profit Loss
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238679000 usd
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3713000 usd
CY2021 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-452000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-65741000 usd
CY2021 cfx Shares Issued Value Share Based Payment Arrangement With Former Parent Company
SharesIssuedValueShareBasedPaymentArrangementWithFormerParentCompany
6267000 usd
CY2021 cfx Members Equity Transfers To From Parent Net
MembersEquityTransfersToFromParentNet
218531000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2501728000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
228013000 usd
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2022 us-gaap Dividends Common Stock
DividendsCommonStock
9079000 usd
CY2022 cfx Shares Issued Value Share Based Payment Arrangement With Former Parent Company
SharesIssuedValueShareBasedPaymentArrangementWithFormerParentCompany
1728000 usd
CY2022 cfx Net Transfers From To Former Parent Including Separation Adjustments
NetTransfersFromToFormerParentIncludingSeparationAdjustments
-15726000 usd
CY2022 cfx Members Equity Transfers To From Parent Net
MembersEquityTransfersToFromParentNet
1200000000 usd
CY2022 cfx Issuance Of Common Stock Value Separation And Reclassification Of Net Investment From Former Parent
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0 usd
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3420000 usd
CY2022 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-1530000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
12187000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1388458000 usd
CY2022 us-gaap Profit Loss
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228013000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
238679000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
159868000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
65978000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
75899000 usd
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
76644000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-239000 usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
447000 usd
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3370000 usd
CY2022 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
9136000 usd
CY2021 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
11208000 usd
CY2020 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
0 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
12964000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
6267000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
6436000 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-20199000 usd
CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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CY2020 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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CY2022 cfx Non Cash Interest Expense
NonCashInterestExpense
1972000 usd
CY2021 cfx Non Cash Interest Expense
NonCashInterestExpense
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CY2020 cfx Non Cash Interest Expense
NonCashInterestExpense
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CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8142000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
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67850000 usd
CY2020 us-gaap Increase Decrease In Accounts Receivable
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-27734000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10066000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
117350000 usd
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-34839000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-28794000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
114502000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
7056000 usd
CY2022 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
18471000 usd
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
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-20889000 usd
CY2020 us-gaap Increase Decrease In Other Operating Capital Net
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-14005000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
214358000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
250737000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
309181000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
40243000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35584000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
40138000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4849000 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5204000 usd
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5565000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
149029000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4885000 usd
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-184423000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-35265000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-34573000 usd
CY2022 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
1000000000 usd
CY2021 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 usd
CY2020 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 usd
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
805881000 usd
CY2021 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
673000 usd
CY2020 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 usd
CY2022 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
585491000 usd
CY2021 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 usd
CY2020 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
190000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4706000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1500000 usd
CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 usd
CY2020 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
49000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
6054000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
0 usd
CY2020 us-gaap Payments Of Dividends
PaymentsOfDividends
0 usd
CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3420000 usd
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3713000 usd
CY2020 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
4297000 usd
CY2022 cfx Payments To Former Parent Consideration Transferred
PaymentsToFormerParentConsiderationTransferred
1200000000 usd
CY2021 cfx Payments To Former Parent Consideration Transferred
PaymentsToFormerParentConsiderationTransferred
0 usd
CY2020 cfx Payments To Former Parent Consideration Transferred
PaymentsToFormerParentConsiderationTransferred
0 usd
CY2022 cfx Transfers To From Parent Net
TransfersToFromParentNet
-2847000 usd
CY2021 cfx Transfers To From Parent Net
TransfersToFromParentNet
218531000 usd
CY2020 cfx Transfers To From Parent Net
TransfersToFromParentNet
321887000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7557000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-221571000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-326423000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-6677000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1901000 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3810000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
30815000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8000000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-55625000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41209000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49209000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
104834000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72024000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41209000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49209000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
34678000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
85659000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022 us-gaap Fiscal Period
FiscalPeriod
The Company’s fiscal year ends December 31. The Company’s first three quarters end on the last business day of the 13th week after the end of the prior quarter.
CY2022 us-gaap Use Of Estimates
UseOfEstimates
The Company makes certain estimates and assumptions in preparing its Consolidated and Combined Financial Statements in accordance with U.S. generally accepted accounting principles, or “GAAP”. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the Consolidated and Combined Financial Statements and the reported amounts of revenues and expenses for the periods presented. Actual results may differ from those estimates.<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company makes certain estimates and assumptions in preparing its Consolidated and Combined Financial Statements in accordance with GAAP. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Consolidated and Combined Financial Statements and the reported amounts of revenues and expenses for the period presented. Actual results may differ from those estimates.</span></div>
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
36000000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
39700000 usd
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
34800000 usd
CY2022Q4 us-gaap Lifo Inventory Amount
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131100000 usd
CY2021Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
142400000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
40100000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
37900000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
235110000 usd
CY2022 us-gaap Number Of Reporting Units
NumberOfReportingUnits
3 reporting_unit
CY2022 us-gaap Number Of Reporting Units
NumberOfReportingUnits
3 reporting_unit
CY2021 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 reporting_unit
CY2020 us-gaap Number Of Reporting Units
NumberOfReportingUnits
3 reporting_unit
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2706000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2386000 usd
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1101000 usd
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassification</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform to current year presentations, including certain items within the Consolidated and Combined Statements of Comprehensive Income.</span></div>
CY2022 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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2593480000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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2428115000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1950069000 usd
CY2022Q4 us-gaap Contract With Customer Liability
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25900000 usd
CY2021Q4 us-gaap Contract With Customer Liability
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22300000 usd
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
21600000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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23912000 usd
CY2022 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
4526000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
4978000 usd
CY2022 cfx Accounts Receivable Allowance For Credit Loss Foreign Currency Translation
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslation
11000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
23471000 usd
CY2022 cfx Net Income Loss From Continuing Operations Attributable To Parent
NetIncomeLossFromContinuingOperationsAttributableToParent
226815000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
157414000 usd
CY2022 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1600000 usd
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 usd
CY2020 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
225215000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
235110000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
157414000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60054930000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60034311 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60034311 shares
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.75
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.92
CY2020 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.62
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
225215000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
235110000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
157414000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60054930000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60034311 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60034311 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
98129000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60153059000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60034311 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60034311 shares
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.74
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.92
CY2020 us-gaap Income Loss From Continuing Operations Per Diluted Share
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2.62
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