2024 Q2 Form 10-Q Financial Statement

#000003872524000078 Filed on April 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $543.3M $460.9M
YoY Change -4.55% -4.89%
Cost Of Revenue $343.5M $297.3M
YoY Change -9.78% -7.75%
Gross Profit $199.8M $163.6M
YoY Change 6.0% 0.81%
Gross Profit Margin 36.78% 35.49%
Selling, General & Admin $120.6M $115.6M
YoY Change 12.3% 5.58%
% of Gross Profit 60.39% 70.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.90M $13.79M
YoY Change 3.55% 7.44%
% of Gross Profit 6.96% 8.43%
Operating Expenses $120.6M $115.6M
YoY Change 12.3% 5.58%
Operating Profit $79.10M $47.90M
YoY Change -2.41% -8.94%
Interest Expense $1.976M $1.448M
YoY Change -125.5% -53.99%
% of Operating Profit 2.5% 3.02%
Other Income/Expense, Net $184.0K $706.0K
YoY Change -84.39% 72.62%
Pretax Income $76.92M $42.31M
YoY Change 3.48% -11.52%
Income Tax $17.59M $9.222M
% Of Pretax Income 22.87% 21.79%
Net Earnings $59.10M $33.00M
YoY Change -0.51% -11.53%
Net Earnings / Revenue 10.88% 7.16%
Basic Earnings Per Share $1.28 $0.71
Diluted Earnings Per Share $1.26 $0.70
COMMON SHARES
Basic Shares Outstanding 46.08M shares 46.04M shares
Diluted Shares Outstanding 46.60M shares 46.70M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.10M $65.31M
YoY Change 9.16% 25.91%
Cash & Equivalents $58.10M $65.31M
Short-Term Investments
Other Short-Term Assets $35.97M $41.18M
YoY Change -7.85% 5.53%
Inventory $525.4M $532.2M
Prepaid Expenses
Receivables $299.2M $262.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $918.7M $901.4M
YoY Change -4.94% -6.89%
LONG-TERM ASSETS
Property, Plant & Equipment $224.2M $227.2M
YoY Change -16.54% 3.0%
Goodwill $339.8M $340.5M
YoY Change 2.88% 3.4%
Intangibles $221.1M $226.7M
YoY Change -1.29% -0.32%
Long-Term Investments
YoY Change
Other Assets $7.570M $6.712M
YoY Change -45.04% 18.42%
Total Long-Term Assets $865.6M $871.7M
YoY Change 3.46% 4.36%
TOTAL ASSETS
Total Short-Term Assets $918.7M $901.4M
Total Long-Term Assets $865.6M $871.7M
Total Assets $1.784B $1.773B
YoY Change -1.04% -1.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $175.6M $185.5M
YoY Change 8.86% -1.32%
Accrued Expenses $104.5M $76.40M
YoY Change -3.87% -13.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $42.38M $24.41M
YoY Change -73.49% -86.82%
Total Short-Term Liabilities $346.1M $316.2M
YoY Change -20.01% -35.04%
LONG-TERM LIABILITIES
Long-Term Debt $87.24M $87.41M
YoY Change -1.62% -1.53%
Other Long-Term Liabilities $21.89M $33.59M
YoY Change -77.87% 12.09%
Total Long-Term Liabilities $21.89M $33.59M
YoY Change -88.33% 12.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $346.1M $316.2M
Total Long-Term Liabilities $21.89M $33.59M
Total Liabilities $368.0M $349.8M
YoY Change -43.94% -32.31%
SHAREHOLDERS EQUITY
Retained Earnings $1.099B $1.091B
YoY Change 7.68% 11.3%
Common Stock $360.6M $357.4M
YoY Change 4.39% 6.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.222B $1.220B
YoY Change
Total Liabilities & Shareholders Equity $1.784B $1.773B
YoY Change -1.04% -1.68%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $59.10M $33.00M
YoY Change -0.51% -11.53%
Depreciation, Depletion And Amortization $13.90M $13.79M
YoY Change 3.55% 7.44%
Cash From Operating Activities $36.37M -$1.362M
YoY Change -33.94% -88.67%
INVESTING ACTIVITIES
Capital Expenditures $10.26M $9.184M
YoY Change -3.91% -3.96%
Acquisitions $1.151M
YoY Change -76.93%
Other Investing Activities $320.0K -$17.00K
YoY Change -119.41% -99.66%
Cash From Investing Activities -$9.941M -$10.22M
YoY Change -19.36% -29.8%
FINANCING ACTIVITIES
Cash Dividend Paid $12.40M
YoY Change 18.73%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -32.39M -$6.343M
YoY Change -15.89% -119.16%
NET CHANGE
Cash From Operating Activities 36.37M -$1.362M
Cash From Investing Activities -9.941M -$10.22M
Cash From Financing Activities -32.39M -$6.343M
Net Change In Cash -5.971M -$19.65M
YoY Change -242.1% -423.01%
FREE CASH FLOW
Cash From Operating Activities $36.37M -$1.362M
Capital Expenditures $10.26M $9.184M
Free Cash Flow $26.10M -$10.55M
YoY Change -41.16% -51.14%

Facts In Submission

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