2022 Q2 Form 10-Q Financial Statement

#000003778522000075 Filed on August 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $1.452B $1.351B $1.414B
YoY Change 16.93% 12.98% 22.69%
Cost Of Revenue $861.3M $778.1M $798.9M
YoY Change 21.28% 13.89% 22.76%
Gross Profit $591.0M $572.7M $614.7M
YoY Change 11.13% 11.77% 22.6%
Gross Profit Margin 40.69% 42.4% 43.48%
Selling, General & Admin $194.8M $188.5M $195.1M
YoY Change 20.99% 8.02% 15.65%
% of Gross Profit 32.96% 32.91% 31.74%
Research & Development $79.50M $71.80M $85.30M
YoY Change 20.64% -2.97% 0.83%
% of Gross Profit 13.45% 12.54% 13.88%
Depreciation & Amortization $42.80M $42.40M $42.40M
YoY Change 0.71% -0.47% 0.95%
% of Gross Profit 7.24% 7.4% 6.9%
Operating Expenses $274.3M $260.3M $313.9M
YoY Change 20.89% 4.75% 19.31%
Operating Profit $235.9M $303.3M $278.6M
YoY Change -18.26% 16.34% 89.65%
Interest Expense -$35.30M -$29.90M -$33.00M
YoY Change 8.28% -7.72% -3.51%
% of Operating Profit -14.96% -9.86% -11.84%
Other Income/Expense, Net -$3.900M -$4.300M -$5.300M
YoY Change -18.75% -10.42% 1.92%
Pretax Income $196.7M $269.1M $240.3M
YoY Change -21.7% 20.4% 123.53%
Income Tax $54.70M $42.30M $17.30M
% Of Pretax Income 27.81% 15.72% 7.2%
Net Earnings $134.2M $207.4M $193.1M
YoY Change -33.86% 13.58% 290.1%
Net Earnings / Revenue 9.24% 15.35% 13.66%
Basic Earnings Per Share $1.06 $1.65 $1.52
Diluted Earnings Per Share $1.06 $1.64 $1.52
COMMON SHARES
Basic Shares Outstanding 126.2M shares 126.1M shares 126.6M shares
Diluted Shares Outstanding 126.9M shares 126.8M shares 127.4M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $591.5M $365.1M $516.8M
YoY Change -18.81% -12.45% -9.17%
Cash & Equivalents $591.5M $365.1M $516.8M
Short-Term Investments
Other Short-Term Assets $450.4M $474.0M $128.2M
YoY Change 1.58% 2.38% -8.1%
Inventory $1.590B $1.591B $1.406B
Prepaid Expenses
Receivables $2.885B $2.869B $2.584B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.517B $5.298B $4.938B
YoY Change 6.16% 13.53% 12.84%
LONG-TERM ASSETS
Property, Plant & Equipment $797.4M $804.1M $817.0M
YoY Change 2.67% 5.22% 5.87%
Goodwill $1.456B $1.463B $1.463B
YoY Change -0.67% -0.23% -0.38%
Intangibles $2.446B $2.492B $2.522B
YoY Change -4.99% -3.56% -3.93%
Long-Term Investments $10.10M $10.20M $9.200M
YoY Change 53.03% 155.0% 206.67%
Other Assets $602.2M $614.1M $613.8M
YoY Change -13.13% -13.85% -13.83%
Total Long-Term Assets $5.527B $5.606B $5.644B
YoY Change -3.79% -2.6% -2.88%
TOTAL ASSETS
Total Short-Term Assets $5.517B $5.298B $4.938B
Total Long-Term Assets $5.527B $5.606B $5.644B
Total Assets $11.04B $10.90B $10.58B
YoY Change 0.93% 4.62% 3.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.122B $1.057B $1.135B
YoY Change -3.09% -1.58% 19.89%
Accrued Expenses $594.3M $678.8M $631.2M
YoY Change -4.73% 12.95% -6.45%
Deferred Revenue $1.800M $40.00M $630.7M
YoY Change -35.71% 233.33% 81.71%
Short-Term Debt $1.066B $941.8M $356.3M
YoY Change 34.55% 59.82% 45.61%
Long-Term Debt Due $89.20M $98.60M $84.50M
YoY Change -77.34% -74.4% -9.72%
Total Short-Term Liabilities $3.986B $3.829B $3.520B
YoY Change 3.75% 13.29% 24.44%
LONG-TERM LIABILITIES
Long-Term Debt $2.732B $2.732B $2.732B
YoY Change 3.84% 3.84% -6.75%
Other Long-Term Liabilities $452.6M $487.9M $477.3M
YoY Change -14.68% -14.15% -20.95%
Total Long-Term Liabilities $3.184B $3.220B $3.209B
YoY Change 0.73% 0.64% -9.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.986B $3.829B $3.520B
Total Long-Term Liabilities $3.184B $3.220B $3.209B
Total Liabilities $7.170B $7.050B $6.729B
YoY Change 2.39% 7.14% 5.77%
SHAREHOLDERS EQUITY
Retained Earnings $5.199B $5.132B $4.991B
YoY Change 9.04% 10.91% 10.76%
Common Stock $916.1M $909.5M $899.0M
YoY Change 3.04% 2.88% 2.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.546B $2.547B $2.542B
YoY Change 13.58% 14.73% 18.72%
Treasury Stock Shares 60.02M shares 60.04M shares 60.28M shares
Shareholders Equity $3.109B $3.059B $3.033B
YoY Change
Total Liabilities & Shareholders Equity $11.04B $10.90B $10.58B
YoY Change 0.93% 4.62% 3.88%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $134.2M $207.4M $193.1M
YoY Change -33.86% 13.58% 290.1%
Depreciation, Depletion And Amortization $42.80M $42.40M $42.40M
YoY Change 0.71% -0.47% 0.95%
Cash From Operating Activities $175.3M -$608.8M $575.8M
YoY Change -24.18% 100.92% 43.73%
INVESTING ACTIVITIES
Capital Expenditures -$23.40M $50.30M -$23.70M
YoY Change 4.46% 101.2% -76.9%
Acquisitions
YoY Change
Other Investing Activities $14.00M $4.600M $10.80M
YoY Change -281.82% -66.91% -66.97%
Cash From Investing Activities -$9.400M -$55.90M -$12.90M
YoY Change -68.77% 9.39% -81.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$7.100M
YoY Change -110.03%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 70.20M $515.5M -380.9M
YoY Change -36.87% 151.83% 496.09%
NET CHANGE
Cash From Operating Activities 175.3M -608.8M 575.8M
Cash From Investing Activities -9.400M -$55.90M -12.90M
Cash From Financing Activities 70.20M $515.5M -380.9M
Net Change In Cash 236.1M -$151.7M 182.0M
YoY Change -24.4% -0.33% -31.78%
FREE CASH FLOW
Cash From Operating Activities $175.3M -$608.8M $575.8M
Capital Expenditures -$23.40M $50.30M -$23.70M
Free Cash Flow $198.7M -$659.1M $599.5M
YoY Change -21.65% 100.95% 19.14%

Facts In Submission

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