2022 Q1 Form 10-Q Financial Statement

#000095017022007055 Filed on May 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $1.917B $1.963B $1.771B
YoY Change 8.26% 18.26% 26.26%
Cost Of Revenue $1.238B $1.272B $1.127B
YoY Change 9.84% 20.9% 23.9%
Gross Profit $679.5M $690.8M $644.1M
YoY Change 5.5% 13.67% 30.6%
Gross Profit Margin 35.44% 35.2% 36.37%
Selling, General & Admin $409.5M $412.7M $371.5M
YoY Change 10.23% 13.32% 18.35%
% of Gross Profit 60.26% 59.74% 57.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.90M $47.70M $31.10M
YoY Change -0.64% 2.36% 14.34%
% of Gross Profit 4.55% 6.91% 4.83%
Operating Expenses $409.5M $428.3M $371.5M
YoY Change 10.23% 14.18% 14.59%
Operating Profit $253.4M $262.5M $248.4M
YoY Change 2.01% 12.56% 60.26%
Interest Expense $21.80M -$21.20M $21.40M
YoY Change 1.87% 8.72% -3.17%
% of Operating Profit 8.6% -8.08% 8.62%
Other Income/Expense, Net $1.300M -$200.0K -$3.300M
YoY Change -139.39% 100.0% -154.1%
Pretax Income $232.9M $239.1M $223.7M
YoY Change 4.11% 11.94% 60.94%
Income Tax $52.00M $63.80M $45.90M
% Of Pretax Income 22.33% 26.68% 20.52%
Net Earnings $180.9M $175.3M $177.8M
YoY Change 1.74% 7.15% 62.97%
Net Earnings / Revenue 9.44% 8.93% 10.04%
Basic Earnings Per Share $1.36 $1.28
Diluted Earnings Per Share $1.34 $1.276M $1.26
COMMON SHARES
Basic Shares Outstanding 133.4M 135.3M 138.6M
Diluted Shares Outstanding 134.7M 137.3M 140.6M

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $378.2M $471.5M $356.1M
YoY Change 6.21% 12.5% -1.0%
Cash & Equivalents $378.2M $471.5M $356.1M
Short-Term Investments
Other Short-Term Assets $232.2M $193.5M $202.9M
YoY Change 14.44% 3.31% 17.28%
Inventory $1.335B $1.194B $958.4M
Prepaid Expenses
Receivables $1.012B $885.7M $828.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.957B $2.745B $2.346B
YoY Change 26.04% 24.27% 22.57%
LONG-TERM ASSETS
Property, Plant & Equipment $1.064B $1.010B $905.1M
YoY Change 17.59% 10.04% 12.07%
Goodwill $2.488B $2.465B $2.466B
YoY Change 0.86% 2.94% 18.61%
Intangibles $1.383B $1.384B $1.434B
YoY Change -3.61% -2.57% 25.83%
Long-Term Investments
YoY Change
Other Assets $168.0M $141.6M $151.4M
YoY Change 10.96% -42.79% -24.3%
Total Long-Term Assets $5.286B $5.192B $5.136B
YoY Change 2.92% 0.81% 17.1%
TOTAL ASSETS
Total Short-Term Assets $2.957B $2.745B $2.346B
Total Long-Term Assets $5.286B $5.192B $5.136B
Total Assets $8.243B $7.936B $7.482B
YoY Change 10.17% 7.85% 18.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $728.1M $764.9M $599.2M
YoY Change 21.51% 23.27% 40.53%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $400.0M $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $400.0M
YoY Change
Total Short-Term Liabilities $1.355B $1.971B $1.197B
YoY Change 13.18% 46.54% -3.94%
LONG-TERM LIABILITIES
Long-Term Debt $3.368B $2.310B $2.683B
YoY Change 25.54% -10.2% 31.82%
Other Long-Term Liabilities $180.8M $176.0M $204.9M
YoY Change -11.76% -14.31% 20.11%
Total Long-Term Liabilities $3.549B $2.486B $2.888B
YoY Change 22.89% -10.51% 30.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.355B $1.971B $1.197B
Total Long-Term Liabilities $3.549B $2.486B $2.888B
Total Liabilities $5.328B $4.871B $4.558B
YoY Change 16.91% 6.29% 15.61%
SHAREHOLDERS EQUITY
Retained Earnings $2.989B $2.808B $2.358B
YoY Change 26.78% 28.79% 25.95%
Common Stock $3.033B $3.020B $2.957B
YoY Change 2.56% 3.15% 3.93%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.143B $2.739B $2.340B
YoY Change 34.32% 20.24% 4.59%
Treasury Stock Shares $50.25M
Shareholders Equity $2.915B $3.065B $2.924B
YoY Change
Total Liabilities & Shareholders Equity $8.243B $7.936B $7.482B
YoY Change 10.17% 7.85% 18.76%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $180.9M $175.3M $177.8M
YoY Change 1.74% 7.15% 62.97%
Depreciation, Depletion And Amortization $30.90M $47.70M $31.10M
YoY Change -0.64% 2.36% 14.34%
Cash From Operating Activities -$183.1M $257.9M -$69.20M
YoY Change 164.6% -19.13% 401.45%
INVESTING ACTIVITIES
Capital Expenditures $60.80M -$101.2M $25.40M
YoY Change 139.37% 20.05% -5.58%
Acquisitions $61.60M -$5.200M
YoY Change -1284.62%
Other Investing Activities -$53.60M $200.0K $6.900M
YoY Change -876.81% -100.03% -113.77%
Cash From Investing Activities -$114.4M -$101.0M -$18.50M
YoY Change 518.38% -87.37% -75.97%
FINANCING ACTIVITIES
Cash Dividend Paid $37.20M $36.00M
YoY Change 3.33% 7.46%
Common Stock Issuance & Retirement, Net $377.1M $54.10M
YoY Change 597.04% -63.93%
Debt Paid & Issued, Net $1.814B $260.0M
YoY Change 597.69% 100.0%
Cash From Financing Activities 203.2M -143.5M 22.80M
YoY Change 791.23% -134.13% -70.5%
NET CHANGE
Cash From Operating Activities -183.1M 257.9M -69.20M
Cash From Investing Activities -114.4M -101.0M -18.50M
Cash From Financing Activities 203.2M -143.5M 22.80M
Net Change In Cash -93.60M 13.40M -63.20M
YoY Change 48.1% -122.3% 121.75%
FREE CASH FLOW
Cash From Operating Activities -$183.1M $257.9M -$69.20M
Capital Expenditures $60.80M -$101.2M $25.40M
Free Cash Flow -$243.9M $359.1M -$94.60M
YoY Change 157.82% -10.94% 132.43%

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