2024 Q3 Form 10-Q Financial Statement
#000081555624000031 Filed on July 17, 2024
Income Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| Revenue | $1.910B | $1.916B |
| YoY Change | 3.48% | 1.76% |
| Cost Of Revenue | $1.052B | $1.053B |
| YoY Change | 5.34% | 2.64% |
| Gross Profit | $858.6M | $863.5M |
| YoY Change | 1.3% | 0.7% |
| Gross Profit Margin | 44.95% | 45.06% |
| Selling, General & Admin | $470.5M | $476.6M |
| YoY Change | 2.08% | 3.03% |
| % of Gross Profit | 54.8% | 55.19% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $44.40M | $43.70M |
| YoY Change | 5.46% | -2.67% |
| % of Gross Profit | 5.17% | 5.06% |
| Operating Expenses | $470.5M | $476.6M |
| YoY Change | 2.08% | 3.03% |
| Operating Profit | $388.1M | $386.9M |
| YoY Change | 0.36% | -2.03% |
| Interest Expense | -$500.0K | -$500.0K |
| YoY Change | -123.81% | -78.26% |
| % of Operating Profit | -0.13% | -0.13% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $387.6M | $386.4M |
| YoY Change | 0.57% | -1.58% |
| Income Tax | $89.50M | $93.70M |
| % Of Pretax Income | 23.09% | 24.25% |
| Net Earnings | $298.1M | $292.7M |
| YoY Change | 0.88% | -1.78% |
| Net Earnings / Revenue | 15.61% | 15.28% |
| Basic Earnings Per Share | $0.52 | $0.51 |
| Diluted Earnings Per Share | $0.52 | $0.51 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 572.6M shares | 572.5M shares |
| Diluted Shares Outstanding | 574.2M shares | 574.1M shares |
Balance Sheet
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $292.2M | $255.5M |
| YoY Change | -1.78% | 4.89% |
| Cash & Equivalents | $292.2M | $255.5M |
| Short-Term Investments | ||
| Other Short-Term Assets | $208.2M | $181.8M |
| YoY Change | 38.8% | 16.24% |
| Inventory | $1.560B | $1.505B |
| Prepaid Expenses | ||
| Receivables | $1.201B | $1.205B |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $3.261B | $3.147B |
| YoY Change | 3.59% | 0.31% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.325B | $1.301B |
| YoY Change | 30.96% | 2.14% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $153.0M | $155.5M |
| YoY Change | -6.31% | -6.21% |
| Total Long-Term Assets | $1.478B | $1.457B |
| YoY Change | 1.99% | 1.18% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $3.261B | $3.147B |
| Total Long-Term Assets | $1.478B | $1.457B |
| Total Assets | $4.738B | $4.604B |
| YoY Change | 3.08% | 0.58% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $301.7M | $292.6M |
| YoY Change | 9.67% | 11.68% |
| Accrued Expenses | $324.9M | $314.4M |
| YoY Change | 37.79% | -3.14% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $115.0M | $110.0M |
| YoY Change | 91.67% | -26.67% |
| Total Short-Term Liabilities | $741.6M | $717.0M |
| YoY Change | 11.03% | -2.66% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $125.0M | $125.0M |
| YoY Change | -37.5% | -37.5% |
| Other Long-Term Liabilities | $198.6M | $191.7M |
| YoY Change | 21966.67% | 9.48% |
| Total Long-Term Liabilities | $323.6M | $316.7M |
| YoY Change | 61.08% | -15.57% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $741.6M | $717.0M |
| Total Long-Term Liabilities | $323.6M | $316.7M |
| Total Liabilities | $1.141B | $1.108B |
| YoY Change | 31.33% | -7.37% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $3.576B | $3.501B |
| YoY Change | 1.93% | 2.6% |
| Common Stock | $79.00M | $69.30M |
| YoY Change | 160.73% | 170.7% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $3.597B | $3.496B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $4.738B | $4.604B |
| YoY Change | 3.08% | 0.58% |
Cashflow Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $298.1M | $292.7M |
| YoY Change | 0.88% | -1.78% |
| Depreciation, Depletion And Amortization | $44.40M | $43.70M |
| YoY Change | 5.46% | -2.67% |
| Cash From Operating Activities | $296.9M | $258.0M |
| YoY Change | -23.5% | -14.6% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $59.40M | $56.10M |
| YoY Change | 26.65% | 0.36% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $3.500M | $3.400M |
| YoY Change | 3400.0% | 100.0% |
| Cash From Investing Activities | -$55.90M | -$52.70M |
| YoY Change | 30.0% | -2.77% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | $223.4M | $223.3M |
| YoY Change | 11.81% | 11.71% |
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | $200.0M | $190.0M |
| YoY Change | -18.37% | -58.24% |
| Cash From Financing Activities | -210.7M | -185.5M |
| YoY Change | -26.56% | -23.76% |
| NET CHANGE | ||
| Cash From Operating Activities | 296.9M | 258.0M |
| Cash From Investing Activities | -55.90M | -52.70M |
| Cash From Financing Activities | -210.7M | -185.5M |
| Net Change In Cash | 30.30M | 19.80M |
| YoY Change | -43.78% | 330.43% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $296.9M | $258.0M |
| Capital Expenditures | $59.40M | $56.10M |
| Free Cash Flow | $237.5M | $201.9M |
| YoY Change | -30.39% | -17.99% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
571982367 | shares |
| CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
571982367 | shares |
| CY2023Q4 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.35 | |
| CY2023Q4 | fast |
Common Stock Special Dividends Per Share Cash Paid
CommonStockSpecialDividendsPerShareCashPaid
|
0.38 | |
| CY2023 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.78 | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
9869384 | shares | |
| CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
5034200 | shares |
| CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
2480536 | shares |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P8Y | ||
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
|
P10Y | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4000000.0 | usd | |
| CY2024Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
22900000 | usd |
| us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P4Y5M4D | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
572457897 | shares | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1645549 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
574103446 | shares | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1262947 | shares | |
| fast |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Weighted Average Exercise Price
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareWeightedAverageExercisePrice
|
63.17 | ||
| us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
0 | usd | |
| CY2024Q2 | us-gaap |
Residual Value Of Leased Asset
ResidualValueOfLeasedAsset
|
125200000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
235000000.0 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
110000000.0 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
125000000.0 | usd |
| CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
| CY2024Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
| CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |
