$FELE
FRANKLIN ELECTRIC CO INC

2023 Q4 Form 10-Q Financial Statement

#000003872523000182 Filed on October 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $473.0M $538.4M
YoY Change -3.36% -2.4%
Cost Of Revenue $313.0M $352.2M
YoY Change -3.17% -2.46%
Gross Profit $160.0M $186.3M
YoY Change -3.74% -2.28%
Gross Profit Margin 33.83% 34.59%
Selling, General & Admin $108.8M $107.7M
YoY Change -0.82% -1.54%
% of Gross Profit 68.01% 57.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.68M $13.30M
YoY Change -4.73% 6.01%
% of Gross Profit 7.92% 7.14%
Operating Expenses $108.8M $107.7M
YoY Change -0.82% -1.54%
Operating Profit $51.18M $78.10M
YoY Change -9.4% -3.85%
Interest Expense -$5.507M $2.984M
YoY Change -21.09% -146.32%
% of Operating Profit -10.76% 3.82%
Other Income/Expense, Net $1.831M $277.0K
YoY Change -542.27% -122.16%
Pretax Income $47.15M $72.91M
YoY Change -3.43% 0.78%
Income Tax $8.322M $14.75M
% Of Pretax Income 17.65% 20.22%
Net Earnings $38.35M $57.80M
YoY Change -6.19% -1.41%
Net Earnings / Revenue 8.11% 10.73%
Basic Earnings Per Share $1.25
Diluted Earnings Per Share $0.82 $1.23
COMMON SHARES
Basic Shares Outstanding 46.13M shares 46.26M shares
Diluted Shares Outstanding 46.90M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $84.96M $62.50M
YoY Change 85.55% 58.14%
Cash & Equivalents $84.96M $62.51M
Short-Term Investments
Other Short-Term Assets $37.72M $41.14M
YoY Change 2.17% 5.34%
Inventory $508.7M $543.5M
Prepaid Expenses
Receivables $222.4M $252.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $853.8M $899.5M
YoY Change -0.5% 1.33%
LONG-TERM ASSETS
Property, Plant & Equipment $229.7M $222.4M
YoY Change 6.78% -12.96%
Goodwill $342.4M $328.8M
YoY Change 4.39% 1.48%
Intangibles $230.0M $218.6M
YoY Change -0.54% -6.72%
Long-Term Investments
YoY Change
Other Assets $6.385M $6.909M
YoY Change 8.04% 9.13%
Total Long-Term Assets $874.3M $825.8M
YoY Change 4.57% -0.18%
TOTAL ASSETS
Total Short-Term Assets $853.8M $899.5M
Total Long-Term Assets $874.3M $825.8M
Total Assets $1.728B $1.725B
YoY Change 2.0% 0.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $152.4M $170.9M
YoY Change 9.44% 11.28%
Accrued Expenses $100.2M $99.20M
YoY Change -16.92% -22.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $12.36M $40.40M
YoY Change -90.25% -77.51%
Total Short-Term Liabilities $287.0M $327.9M
YoY Change -29.26% -28.99%
LONG-TERM LIABILITIES
Long-Term Debt $88.06M $88.00M
YoY Change -1.36% -1.37%
Other Long-Term Liabilities $33.91M $28.84M
YoY Change 34.53% -72.23%
Total Long-Term Liabilities $33.91M $28.84M
YoY Change 34.53% -85.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $287.0M $327.9M
Total Long-Term Liabilities $33.91M $28.84M
Total Liabilities $321.0M $356.8M
YoY Change -25.53% -48.09%
SHAREHOLDERS EQUITY
Retained Earnings $1.079B $1.063B
YoY Change 11.27% 11.94%
Common Stock $349.3M $347.5M
YoY Change 5.84% 6.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.207B $1.180B
YoY Change
Total Liabilities & Shareholders Equity $1.728B $1.725B
YoY Change 2.0% 0.6%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $38.35M $57.80M
YoY Change -6.19% -1.41%
Depreciation, Depletion And Amortization $12.68M $13.30M
YoY Change -4.73% 6.01%
Cash From Operating Activities $117.1M $155.6M
YoY Change 23.88% 123.24%
INVESTING ACTIVITIES
Capital Expenditures $11.26M $10.00M
YoY Change -10.46% -208.19%
Acquisitions
YoY Change
Other Investing Activities -$26.26M $0.00
YoY Change -6833.08% -100.0%
Cash From Investing Activities -$37.52M -$9.900M
YoY Change 207.89% 4.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -51.90M -134.9M
YoY Change -33.22% 169.26%
NET CHANGE
Cash From Operating Activities 117.1M 155.6M
Cash From Investing Activities -37.52M -9.900M
Cash From Financing Activities -51.90M -134.9M
Net Change In Cash 27.66M 10.80M
YoY Change 499.16% 6.26%
FREE CASH FLOW
Cash From Operating Activities $117.1M $155.6M
Capital Expenditures $11.26M $10.00M
Free Cash Flow $105.8M $145.6M
YoY Change 29.15% 84.43%

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