2023 Q2 Form 10-K Financial Statement

#000162828023023126 Filed on June 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023
Revenue $1.304B $5.329B
YoY Change 1.2% 14.98%
Cost Of Revenue $879.6M $3.603B
YoY Change 0.43% 14.51%
Gross Profit $424.5M $1.726B
YoY Change 2.83% 15.97%
Gross Profit Margin 32.55% 32.39%
Selling, General & Admin $279.8M $1.094B
YoY Change 5.78% 15.12%
% of Gross Profit 65.91% 63.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.82M $126.9M
YoY Change -4.77% 6.44%
% of Gross Profit 7.26% 7.35%
Operating Expenses $310.6M $1.221B
YoY Change 4.63% 14.16%
Operating Profit $113.9M $505.2M
YoY Change -1.79% 20.6%
Interest Expense -$18.18M $65.84M
YoY Change 27.45% 13.33%
% of Operating Profit -15.97% 13.03%
Other Income/Expense, Net $2.677M -$57.71M
YoY Change 118.17% 6.67%
Pretax Income $98.38M $447.5M
YoY Change -4.41% 22.66%
Income Tax $22.79M $114.5M
% Of Pretax Income 23.16% 25.59%
Net Earnings $75.59M $333.0M
YoY Change -1.18% 21.78%
Net Earnings / Revenue 5.8% 6.25%
Basic Earnings Per Share $1.83 $7.95
Diluted Earnings Per Share $1.80 $7.82
COMMON SHARES
Basic Shares Outstanding 41.24M shares 41.90M shares
Diluted Shares Outstanding 41.91M shares 42.59M shares

Balance Sheet

Concept 2023 Q2 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $164.7M $164.7M
YoY Change 61.65% 61.65%
Cash & Equivalents $164.7M $164.7M
Short-Term Investments
Other Short-Term Assets $17.05M $17.05M
YoY Change -15.64% -15.64%
Inventory $575.5M $575.5M
Prepaid Expenses
Receivables $78.86M $78.86M
Other Receivables $713.4M $713.4M
Total Short-Term Assets $1.550B $1.550B
YoY Change 8.88% 8.88%
LONG-TERM ASSETS
Property, Plant & Equipment $585.8M $585.8M
YoY Change 16.24% 16.24%
Goodwill $700.8M
YoY Change 0.71%
Intangibles $399.7M
YoY Change -12.11%
Long-Term Investments
YoY Change
Other Assets $11.40M $31.24M
YoY Change 29.65% 17.11%
Total Long-Term Assets $1.717B $1.717B
YoY Change 2.15% 2.15%
TOTAL ASSETS
Total Short-Term Assets $1.550B $1.550B
Total Long-Term Assets $1.717B $1.717B
Total Assets $3.267B $3.267B
YoY Change 5.24% 5.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $377.0M $377.0M
YoY Change 2.64% 2.64%
Accrued Expenses $261.0M $250.7M
YoY Change -4.82% 5.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $54.04M $54.04M
YoY Change 13.51% 13.51%
Total Short-Term Liabilities $706.3M $706.3M
YoY Change 2.48% 2.48%
LONG-TERM LIABILITIES
Long-Term Debt $1.045B $1.045B
YoY Change -8.09% -8.09%
Other Long-Term Liabilities $48.32M $190.1M
YoY Change -12.39% 13.62%
Total Long-Term Liabilities $1.093B $1.235B
YoY Change -8.29% -5.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $706.3M $706.3M
Total Long-Term Liabilities $1.093B $1.235B
Total Liabilities $1.992B $1.992B
YoY Change -2.34% -2.34%
SHAREHOLDERS EQUITY
Retained Earnings $881.0M
YoY Change 60.77%
Common Stock $410.0K
YoY Change -4.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.275B $1.275B
YoY Change
Total Liabilities & Shareholders Equity $3.267B $3.267B
YoY Change 5.24% 5.24%

Cashflow Statement

Concept 2023 Q2 2023
OPERATING ACTIVITIES
Net Income $75.59M $333.0M
YoY Change -1.18% 21.78%
Depreciation, Depletion And Amortization $30.82M $126.9M
YoY Change -4.77% 6.44%
Cash From Operating Activities $204.8M $441.7M
YoY Change 2.66% 145.94%
INVESTING ACTIVITIES
Capital Expenditures $19.42M $52.67M
YoY Change -345.2% 28.21%
Acquisitions $61.68M
YoY Change -82.28%
Other Investing Activities -$40.04M -$58.80M
YoY Change 2034.54% -83.01%
Cash From Investing Activities -$59.47M -$111.5M
YoY Change 506.98% -71.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $110.8M
YoY Change 212.15%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -166.7M -$265.6M
YoY Change -4.52% -285.38%
NET CHANGE
Cash From Operating Activities 204.8M $441.7M
Cash From Investing Activities -59.47M -$111.5M
Cash From Financing Activities -166.7M -$265.6M
Net Change In Cash -21.34M $62.83M
YoY Change -241.06% -196.52%
FREE CASH FLOW
Cash From Operating Activities $204.8M $441.7M
Capital Expenditures $19.42M $52.67M
Free Cash Flow $185.4M $389.1M
YoY Change -10.62% 180.85%

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CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4434000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7559000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4005000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2850000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
807000 usd
CY2023 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
3203000 usd
CY2022 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
2332000 usd
CY2021 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
2076000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-265609000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
143278000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-136622000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1829000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-775000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3008000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
62829000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-65096000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-43897000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
167012000 usd
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
210909000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
164745000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
101916000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
167012000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
110366000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
86288000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
46417000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
61752000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
46204000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
49650000 usd
CY2023Q2 us-gaap Number Of Stores
NumberOfStores
300 center
CY2023 gms Number Of Retail Locations
NumberOfRetailLocations
100 location
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span><span style="font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"></span></div>
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
6135000 usd
CY2023 gms Accounts Receivable Allowance For Credit Loss Write Offs And Other
AccountsReceivableAllowanceForCreditLossWriteOffsAndOther
-2616000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5087000 usd
CY2023Q2 gms Accounts Receivable Other Allowances
AccountsReceivableOtherAllowances
5030000 usd
CY2022Q2 gms Accounts Receivable Other Allowances
AccountsReceivableOtherAllowances
4259000 usd
CY2023Q2 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
792232000 usd
CY2022Q2 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
750046000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8606000 usd
CY2023Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
699700000 usd
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
666400000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
780280000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations of Risk</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Credit Risk.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and trade accounts and notes receivable. The Company assesses the credit standing of counterparties as considered necessary. The Company routinely assesses the financial strength of its customers and generally does not require collateral. Concentrations of credit risk with respect to trade accounts receivable are limited due to the substantial number of geographically diverse customers comprising the Company’s customer base. Additionally, the Company maintains allowances for expected credit losses. The Company does not enter into financial instruments for trading or speculative purposes. As of April 30, 2023 and 2022, no customer accounted for more than 10% of gross accounts receivable.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Supply Risk.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company purchases most of its inventories from a select group of vendors. Without these vendors, the Company’s ability to acquire inventory would be significantly impaired.</span><span style="font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"></span></div>
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5087000 usd
CY2023 gms Transaction Costs Acquisitions And Other
TransactionCostsAcquisitionsAndOther
2000000 usd
CY2022 gms Transaction Costs Acquisitions And Other
TransactionCostsAcquisitionsAndOther
3500000 usd
CY2021 gms Transaction Costs Acquisitions And Other
TransactionCostsAcquisitionsAndOther
1100000 usd
CY2022 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
4718531000 usd
CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
281151000 usd
CY2023Q2 gms Accounts Receivable Trade Receivables Current
AccountsReceivableTradeReceivablesCurrent
713372000 usd
CY2022Q2 gms Accounts Receivable Trade Receivables Current
AccountsReceivableTradeReceivablesCurrent
675724000 usd
CY2023Q2 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
92496000 usd
CY2022Q2 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
83668000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8606000 usd
CY2023Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
661069000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
577967000 usd
CY2023Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
264650000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
227288000 usd
CY2023Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
396419000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
350679000 usd
CY2023 us-gaap Depreciation
Depreciation
61200000 usd
CY2022 us-gaap Depreciation
Depreciation
55400000 usd
CY2021 us-gaap Depreciation
Depreciation
50500000 usd
CY2022Q2 us-gaap Goodwill Gross
GoodwillGross
762424000 usd
CY2022Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
66527000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
695897000 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
10697000 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
10697000 usd
CY2023 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-542000 usd
CY2023 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-542000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-8349000 usd
CY2023 gms Goodwill Foreign Currency Translation Adjustment Adjustment Amount
GoodwillForeignCurrencyTranslationAdjustmentAdjustmentAmount
2026000 usd
CY2023 gms Goodwill Foreign Currency Translation Gain Loss Net Of Goodwill Impairment Loss
GoodwillForeignCurrencyTranslationGainLossNetOfGoodwillImpairmentLoss
-6323000 usd
CY2023Q2 us-gaap Goodwill Gross
GoodwillGross
765314000 usd
CY2023Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
64501000 usd
CY2023Q2 us-gaap Goodwill
Goodwill
700813000 usd
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
9 unit
CY2023 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P12Y9M18D
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
464987000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
315293000 usd
CY2023Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
84367000 usd
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
399660000 usd
CY2022 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P12Y9M18D
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
777703000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
407323000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
370380000 usd
CY2022Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
84367000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
454747000 usd
CY2022Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
84400000 usd
CY2023Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
84400000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
56938000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
48203000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
40795000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
35348000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
29384000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
104625000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
315293000 usd
CY2023Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
14194000 usd
CY2022Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
14775000 usd
CY2023Q2 gms Accrued Rebate Current
AccruedRebateCurrent
16983000 usd
CY2022Q2 gms Accrued Rebate Current
AccruedRebateCurrent
16724000 usd
CY2023Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
15407000 usd
CY2022Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
16702000 usd
CY2023Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
10321000 usd
CY2022Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
7125000 usd
CY2023Q2 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
0 usd
CY2022Q2 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
14179000 usd
CY2023Q2 gms Reserve For Sales Returns
ReserveForSalesReturns
10297000 usd
CY2022Q2 gms Reserve For Sales Returns
ReserveForSalesReturns
9772000 usd
CY2023Q2 us-gaap Interest Payable Current
InterestPayableCurrent
9571000 usd
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
8953000 usd
CY2023Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 usd
CY2022Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1136000 usd
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
30902000 usd
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
38572000 usd
CY2023Q2 gms Other Accrued Expenses And Current Liabilities
OtherAccruedExpensesAndCurrentLiabilities
107675000 usd
CY2022Q2 gms Other Accrued Expenses And Current Liabilities
OtherAccruedExpensesAndCurrentLiabilities
127938000 usd
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
137303000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
120138000 usd
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1098677000 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1184190000 usd
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
54035000 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
47605000 usd
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1044642000 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1136585000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
53828000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
38450000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
515649000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
19844000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
123268000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
354296000 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1105335000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
24501000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
22295000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
23769000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7187000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8179000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
11164000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
57093000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
47778000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
42383000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
19699000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
17825000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
12914000 usd
CY2023 us-gaap Lease Cost
LeaseCost
108480000 usd
CY2022 us-gaap Lease Cost
LeaseCost
96077000 usd
CY2021 us-gaap Lease Cost
LeaseCost
90230000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
56269000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
48283000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
42876000 usd
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
7187000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
8179000 usd
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
11164000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
35845000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
31365000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
30371000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
73083000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
71252000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
37513000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
59720000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
41699000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
27400000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
231488000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
193380000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
65274000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
57363000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
166214000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
136017000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y2M12D
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M6D
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M24D
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y8M12D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.049
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.042
CY2023Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
47396000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
56113000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
36437000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
48376000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
28914000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
35460000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
21424000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
24600000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Five
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CY2023 gms Effect Of Inventory Purchase Accounting Adjustments On Income
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CY2021 gms Effect Of Inventory Purchase Accounting Adjustments On Income
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CY2023 us-gaap Gain Loss Related To Litigation Settlement
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CY2022 us-gaap Gain Loss Related To Litigation Settlement
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CY2021 us-gaap Gain Loss Related To Litigation Settlement
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CY2023 gms Transaction Costs Debt
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173000 usd
CY2022 gms Transaction Costs Debt
TransactionCostsDebt
0 usd
CY2021 gms Transaction Costs Debt
TransactionCostsDebt
532000 usd
CY2023 gms Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
665696000 usd
CY2022 gms Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
566921000 usd
CY2021 gms Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
319371000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5329252000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4634875000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3298823000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5329252000 usd
CY2023Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
396419000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
350679000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
332991000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
273442000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
105560000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41904000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43075000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42765000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.95
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.35
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.47
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41904000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43075000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42765000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
688000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
823000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
578000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42592000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43898000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43343000 shares
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.82
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.23
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.44
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1359553000 usd
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1430979000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1234618000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1304102000 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
434721000 usd
CY2022Q4 us-gaap Gross Profit
GrossProfit
464500000 usd
CY2023Q1 us-gaap Gross Profit
GrossProfit
402248000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
424476000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
89470000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
103153000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
64775000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
75593000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42549000 shares
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42232000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41578000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41239000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43317000 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42887000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42232000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41913000 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.10
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.44
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.56
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.83
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.07
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.41
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.53
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.80
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1042076000 usd
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1150551000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1153595000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1288653000 usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
335833000 usd
CY2021Q4 us-gaap Gross Profit
GrossProfit
371870000 usd
CY2022Q1 us-gaap Gross Profit
GrossProfit
367772000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
412800000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
61202000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
74361000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
61383000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
76496000 usd
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43089000 shares
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43135000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43094000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42977000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43972000 shares
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43894000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43945000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43776000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.42
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.72
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.42
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.78
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.39
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.69
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.40
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.75

Files In Submission

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gms-20230430_cal.xml Edgar Link unprocessable
gms-20230430_lab.xml Edgar Link unprocessable
0001628280-23-023126-index-headers.html Edgar Link pending
0001628280-23-023126-index.html Edgar Link pending
0001628280-23-023126.txt Edgar Link pending
0001628280-23-023126-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gms-20230430.htm Edgar Link pending
gms-20230430.xsd Edgar Link pending
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