2023 Q2 Form 10-Q Financial Statement

#000035581123000033 Filed on May 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $583.5M $550.8M
YoY Change 25.91% 17.62%
Cost Of Revenue $390.4M $376.0M
YoY Change 23.91% 22.15%
Gross Profit $193.1M $174.7M
YoY Change 30.14% 8.93%
Gross Profit Margin 33.09% 31.73%
Selling, General & Admin $27.82M $26.83M
YoY Change -6.39% 6.77%
% of Gross Profit 14.41% 15.36%
Research & Development $37.97M $34.65M
YoY Change 15.57% 8.38%
% of Gross Profit 19.67% 19.83%
Depreciation & Amortization $24.80M $24.04M
YoY Change -2.13% -2.71%
% of Gross Profit 12.84% 13.76%
Operating Expenses $65.79M $61.49M
YoY Change 5.14% 7.67%
Operating Profit $127.3M $113.3M
YoY Change 48.37% 9.63%
Interest Expense $2.891M $2.939M
YoY Change 214.14% 272.84%
% of Operating Profit 2.27% 2.6%
Other Income/Expense, Net -$1.577M $2.744M
YoY Change 60.38% -26252.61%
Pretax Income $128.6M $116.0M
YoY Change 51.64% 12.29%
Income Tax $19.45M $18.42M
% Of Pretax Income 15.12% 15.88%
Net Earnings $107.5M $97.58M
YoY Change 48.52% 11.48%
Net Earnings / Revenue 18.43% 17.72%
Basic Earnings Per Share $0.47 $0.42
Diluted Earnings Per Share $0.47 $0.42
COMMON SHARES
Basic Shares Outstanding 233.7M shares 234.2M shares
Diluted Shares Outstanding 230.2M shares 230.9M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $257.8M $241.1M
YoY Change -8.36% -15.88%
Cash & Equivalents $237.7M $215.5M
Short-Term Investments $20.17M $25.64M
Other Short-Term Assets $27.03M $29.32M
YoY Change -37.91% 18.53%
Inventory $390.0M $401.8M
Prepaid Expenses
Receivables $350.4M $332.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.025B $1.005B
YoY Change 3.37% 5.18%
LONG-TERM ASSETS
Property, Plant & Equipment $596.7M $575.3M
YoY Change 22.04% 22.81%
Goodwill $313.6M $313.7M
YoY Change -0.07% -0.08%
Intangibles $209.7M $214.5M
YoY Change -8.43% -8.41%
Long-Term Investments $239.6M $21.50M
YoY Change 500.56% -87.77%
Other Assets $28.94M $853.0M
YoY Change -96.4% 12.77%
Total Long-Term Assets $1.462B $1.428B
YoY Change 13.09% 16.61%
TOTAL ASSETS
Total Short-Term Assets $1.025B $1.005B
Total Long-Term Assets $1.462B $1.428B
Total Assets $2.487B $2.433B
YoY Change 8.87% 11.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $168.5M $166.9M
YoY Change -9.73% 18.48%
Accrued Expenses $107.6M $130.1M
YoY Change 8.09% 32.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $276.1M $297.0M
YoY Change -3.53% 24.16%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $15.10M $13.06M
YoY Change 28.94% 7.15%
Total Long-Term Liabilities $15.10M $13.06M
YoY Change 28.94% 7.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $276.1M $297.0M
Total Long-Term Liabilities $15.10M $13.06M
Total Liabilities $291.2M $310.1M
YoY Change -2.26% 23.34%
SHAREHOLDERS EQUITY
Retained Earnings $1.253B $1.193B
YoY Change 15.67% 14.88%
Common Stock $956.7M $942.3M
YoY Change 4.59% 5.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.196B $2.123B
YoY Change
Total Liabilities & Shareholders Equity $2.487B $2.433B
YoY Change 8.87% 11.6%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $107.5M $97.58M
YoY Change 48.52% 11.48%
Depreciation, Depletion And Amortization $24.80M $24.04M
YoY Change -2.13% -2.71%
Cash From Operating Activities $120.9M $120.9M
YoY Change 64.87% 4.27%
INVESTING ACTIVITIES
Capital Expenditures $48.83M $44.93M
YoY Change -237.22% -284.54%
Acquisitions
YoY Change
Other Investing Activities -$5.164M -$27.47M
YoY Change -79.82% -223.15%
Cash From Investing Activities -$54.00M -$72.40M
YoY Change -11.73% 3441.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -48.64M -$47.82M
YoY Change 116.51% -50.45%
NET CHANGE
Cash From Operating Activities 120.9M $120.9M
Cash From Investing Activities -54.00M -$72.40M
Cash From Financing Activities -48.64M -$47.82M
Net Change In Cash 18.21M $697.5K
YoY Change -276.21% -95.99%
FREE CASH FLOW
Cash From Operating Activities $120.9M $120.9M
Capital Expenditures $48.83M $44.93M
Free Cash Flow $72.02M $75.98M
YoY Change -33.86% -45.84%

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CY2023Q1 us-gaap Operating Lease Liability
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