2024 Q3 Form 10-K Financial Statement

#000201164124000005 Filed on September 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 2023 Q3
Revenue $7.946B $29.64B $7.838B
YoY Change 1.38% -0.33% -1.67%
Cost Of Revenue $5.485B $20.58B $5.436B
YoY Change 0.9% -0.61% -1.81%
Gross Profit $2.461B $9.053B $2.402B
YoY Change 2.46% 0.31% -1.36%
Gross Profit Margin 30.97% 30.55% 30.65%
Selling, General & Admin $1.563B $6.066B $1.544B
YoY Change 1.23% 4.68% 0.0%
% of Gross Profit 63.51% 67.01% 64.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $87.00M $335.0M $78.00M
YoY Change 11.54% 4.36% 1.3%
% of Gross Profit 3.54% 3.7% 3.25%
Operating Expenses $1.650B $6.401B $1.622B
YoY Change 1.73% 4.66% 0.06%
Operating Profit $811.0M $2.652B $780.0M
YoY Change 3.97% -8.83% -4.18%
Interest Expense -$47.00M -$179.0M -$48.00M
YoY Change -2.08% -2.72% 20.0%
% of Operating Profit -5.8% -6.75% -6.15%
Other Income/Expense, Net -$5.000M -$9.000M -$4.000M
YoY Change 25.0% -18.18% -500.0%
Pretax Income $759.0M $2.464B $730.0M
YoY Change 3.97% 0.0% -5.81%
Income Tax $308.0M $729.0M $146.0M
% Of Pretax Income 40.58% 29.59% 20.0%
Net Earnings $451.0M $1.735B $584.0M
YoY Change -22.77% -8.15% 0.69%
Net Earnings / Revenue 5.68% 5.85% 7.45%
Basic Earnings Per Share $8.55
Diluted Earnings Per Share $2.23 $8.53 $2.85
COMMON SHARES
Basic Shares Outstanding 200.7M shares 202.9M shares
Diluted Shares Outstanding 203.5M shares

Balance Sheet

Concept 2024 Q3 2024 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $571.0M $571.0M $601.0M
YoY Change -4.99% -4.99% -22.05%
Cash & Equivalents $571.0M $571.0M $601.0M
Short-Term Investments
Other Short-Term Assets $1.049B $1.049B $981.0M
YoY Change 6.93% 6.93% 17.2%
Inventory $4.188B $4.188B $3.898B
Prepaid Expenses
Receivables $3.602B $3.602B $3.597B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.410B $9.410B $9.077B
YoY Change 3.67% 3.67% -4.96%
LONG-TERM ASSETS
Property, Plant & Equipment $3.317B $3.317B $3.069B
YoY Change 8.08% 8.08% 19.14%
Goodwill $2.357B $2.241B
YoY Change 5.18% 9.42%
Intangibles $753.0M $783.0M
YoY Change -3.83%
Long-Term Investments
YoY Change
Other Assets $1.488B $1.488B $824.0M
YoY Change 80.58% 80.58% 17.05%
Total Long-Term Assets $7.162B $7.162B $6.917B
YoY Change 3.54% 3.54% 13.21%
TOTAL ASSETS
Total Short-Term Assets $9.410B $9.410B $9.077B
Total Long-Term Assets $7.162B $7.162B $6.917B
Total Assets $16.57B $16.57B $15.99B
YoY Change 3.61% 3.61% 2.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.410B $3.410B $3.408B
YoY Change 0.06% 0.06% -5.52%
Accrued Expenses $395.0M $395.0M $366.0M
YoY Change 7.92% 7.92% 14.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $150.0M $150.0M $55.00M
YoY Change 172.73% 172.73% -78.0%
Total Short-Term Liabilities $5.216B $5.216B $5.429B
YoY Change -3.92% -3.92% -6.38%
LONG-TERM LIABILITIES
Long-Term Debt $3.774B $3.774B $3.711B
YoY Change 1.7% 1.7% 0.87%
Other Long-Term Liabilities $1.966B $1.966B $1.817B
YoY Change 8.2% 8.2% 19.7%
Total Long-Term Liabilities $5.740B $5.740B $5.528B
YoY Change 3.84% 3.84% 6.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.216B $5.216B $5.429B
Total Long-Term Liabilities $5.740B $5.740B $5.528B
Total Liabilities $10.96B $10.96B $10.96B
YoY Change -0.01% -0.01% -0.35%
SHAREHOLDERS EQUITY
Retained Earnings $9.589B $8.557B
YoY Change 12.06%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.616B $5.616B $5.037B
YoY Change
Total Liabilities & Shareholders Equity $16.57B $16.57B $15.99B
YoY Change 3.61% 3.61% 2.13%

Cashflow Statement

Concept 2024 Q3 2024 2023 Q3
OPERATING ACTIVITIES
Net Income $451.0M $1.735B $584.0M
YoY Change -22.77% -8.15% 0.69%
Depreciation, Depletion And Amortization $87.00M $335.0M $78.00M
YoY Change 11.54% 4.36% 1.3%
Cash From Operating Activities $366.0M $1.873B $921.0M
YoY Change -60.26% -31.22% 96.79%
INVESTING ACTIVITIES
Capital Expenditures $109.0M $372.0M $80.00M
YoY Change 36.25% -15.65% -15.79%
Acquisitions $260.0M
YoY Change -57.79%
Other Investing Activities -$74.00M -$229.0M -$431.0M
YoY Change -82.83% -62.64% 14.63%
Cash From Investing Activities -$183.0M -$601.0M -$511.0M
YoY Change -64.19% -42.98% 8.49%
FINANCING ACTIVITIES
Cash Dividend Paid $784.0M
YoY Change 10.27%
Common Stock Issuance & Retirement, Net -$196.0M -$617.0M -$107.0M
YoY Change 83.18% -30.75% -82.57%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -318.0M -1.313B -418.0M
YoY Change -23.92% -27.34% 15.79%
NET CHANGE
Cash From Operating Activities 366.0M 1.873B 921.0M
Cash From Investing Activities -183.0M -601.0M -511.0M
Cash From Financing Activities -318.0M -1.313B -418.0M
Net Change In Cash -135.0M -41.00M -8.000M
YoY Change 1587.5% -70.29% -97.8%
FREE CASH FLOW
Cash From Operating Activities $366.0M $1.873B $921.0M
Capital Expenditures $109.0M $372.0M $80.00M
Free Cash Flow $257.0M $1.501B $841.0M
YoY Change -69.44% -34.22% 125.47%

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<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Fiscal year</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Except as otherwise specified, references to years indicate our fiscal year ended July 31 of the respective year. For example, references to “fiscal 2024” or similar references refer to the fiscal year ended July 31, 2024.</span></div>
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<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations of credit risk </span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company monitors credit risk associated with those financial institutions with which it conducts significant business. Credit risk, including but not limited to counterparty non-performance under derivative instruments and our credit facilities, is not considered significant, as we primarily conduct business with large, well-established financial institutions. This risk is managed by setting credit and settlement limits for approved counterparties. In addition, the Company has established guidelines that it follows regarding counterparty credit ratings which are monitored regularly, seeking to limit its exposure to any individual counterparty. The concentration of credit risk was deemed not significant as of July 31, 2024 and 2023.</span></div>
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