$FELE
FRANKLIN ELECTRIC CO INC

2023 Q3 Form 10-Q Financial Statement

#000003872523000151 Filed on July 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $538.4M $569.2M
YoY Change -2.4% 3.28%
Cost Of Revenue $352.2M $380.7M
YoY Change -2.46% 5.21%
Gross Profit $186.3M $188.5M
YoY Change -2.28% -0.43%
Gross Profit Margin 34.59% 33.11%
Selling, General & Admin $107.7M $107.4M
YoY Change -1.54% -0.82%
% of Gross Profit 57.82% 57.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.30M $13.42M
YoY Change 6.01% 7.87%
% of Gross Profit 7.14% 7.12%
Operating Expenses $107.7M $107.4M
YoY Change -1.54% -0.82%
Operating Profit $78.10M $81.05M
YoY Change -3.85% 0.06%
Interest Expense $2.984M -$7.749M
YoY Change -146.32% -364.29%
% of Operating Profit 3.82% -9.56%
Other Income/Expense, Net $277.0K $1.179M
YoY Change -122.16% -201.73%
Pretax Income $72.91M $74.33M
YoY Change 0.78% -2.91%
Income Tax $14.75M $14.17M
% Of Pretax Income 20.22% 19.07%
Net Earnings $57.80M $59.40M
YoY Change -1.41% 0.0%
Net Earnings / Revenue 10.73% 10.44%
Basic Earnings Per Share $1.25 $1.29
Diluted Earnings Per Share $1.23 $1.27
COMMON SHARES
Basic Shares Outstanding 46.26M shares 46.19M shares
Diluted Shares Outstanding 46.90M shares 46.90M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $62.50M $53.23M
YoY Change 58.14% 60.2%
Cash & Equivalents $62.51M $53.23M
Short-Term Investments
Other Short-Term Assets $41.14M $39.04M
YoY Change 5.34% 15.18%
Inventory $543.5M $574.6M
Prepaid Expenses
Receivables $252.3M $299.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $899.5M $966.4M
YoY Change 1.33% 5.83%
LONG-TERM ASSETS
Property, Plant & Equipment $222.4M $268.6M
YoY Change -12.96% 27.53%
Goodwill $328.8M $330.3M
YoY Change 1.48% 0.98%
Intangibles $218.6M $224.0M
YoY Change -6.72% -6.64%
Long-Term Investments
YoY Change
Other Assets $6.909M $13.77M
YoY Change 9.13% 144.94%
Total Long-Term Assets $825.8M $836.7M
YoY Change -0.18% -0.19%
TOTAL ASSETS
Total Short-Term Assets $899.5M $966.4M
Total Long-Term Assets $825.8M $836.7M
Total Assets $1.725B $1.803B
YoY Change 0.6% 2.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $170.9M $161.3M
YoY Change 11.28% -17.56%
Accrued Expenses $99.20M $108.7M
YoY Change -22.89% 5.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $40.40M $159.8M
YoY Change -77.51% -28.34%
Total Short-Term Liabilities $327.9M $432.7M
YoY Change -28.99% -19.8%
LONG-TERM LIABILITIES
Long-Term Debt $88.00M $88.68M
YoY Change -1.37% -1.3%
Other Long-Term Liabilities $28.84M $98.89M
YoY Change -72.23% 322.47%
Total Long-Term Liabilities $28.84M $187.6M
YoY Change -85.06% 701.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $327.9M $432.7M
Total Long-Term Liabilities $28.84M $187.6M
Total Liabilities $356.8M $656.4M
YoY Change -48.09% 16.61%
SHAREHOLDERS EQUITY
Retained Earnings $1.063B $1.021B
YoY Change 11.94% 13.41%
Common Stock $347.5M $345.4M
YoY Change 6.02% 6.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.180B $1.147B
YoY Change
Total Liabilities & Shareholders Equity $1.725B $1.803B
YoY Change 0.6% 2.94%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $57.80M $59.40M
YoY Change -1.41% 0.0%
Depreciation, Depletion And Amortization $13.30M $13.42M
YoY Change 6.01% 7.87%
Cash From Operating Activities $155.6M $55.05M
YoY Change 123.24% -4575.2%
INVESTING ACTIVITIES
Capital Expenditures $10.00M $10.68M
YoY Change -208.19% -200.47%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.649M
YoY Change -100.0% -14.11%
Cash From Investing Activities -$9.900M -$12.33M
YoY Change 4.91% -1.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -134.9M -38.52M
YoY Change 169.26% -463.56%
NET CHANGE
Cash From Operating Activities 155.6M 55.05M
Cash From Investing Activities -9.900M -12.33M
Cash From Financing Activities -134.9M -38.52M
Net Change In Cash 10.80M 4.202M
YoY Change 6.26% -231.97%
FREE CASH FLOW
Cash From Operating Activities $155.6M $55.05M
Capital Expenditures $10.00M $10.68M
Free Cash Flow $145.6M $44.37M
YoY Change 84.43% 372.09%

Facts In Submission

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