2023 Q4 Form 10-Q Financial Statement

#000035581123000056 Filed on November 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $589.1M $575.8M
YoY Change 19.34% 16.65%
Cost Of Revenue $385.8M $384.4M
YoY Change 13.52% 10.96%
Gross Profit $203.4M $191.4M
YoY Change 32.2% 30.05%
Gross Profit Margin 34.52% 33.24%
Selling, General & Admin $29.06M $28.83M
YoY Change 17.27% 7.29%
% of Gross Profit 14.29% 15.06%
Research & Development $41.53M $40.20M
YoY Change 18.89% 19.84%
% of Gross Profit 20.42% 21.0%
Depreciation & Amortization $22.32M $22.20M
YoY Change -4.12% -4.46%
% of Gross Profit 10.98% 11.6%
Operating Expenses $70.59M $69.02M
YoY Change 18.22% 14.26%
Operating Profit $132.8M $122.4M
YoY Change 41.07% 41.05%
Interest Expense $3.816M $3.900M
YoY Change 139.96% 160.55%
% of Operating Profit 2.87% 3.19%
Other Income/Expense, Net -$688.6K $2.064M
YoY Change 174.62% -427.98%
Pretax Income $135.9M $124.5M
YoY Change 42.37% 44.47%
Income Tax $18.96M $19.75M
% Of Pretax Income 13.95% 15.87%
Net Earnings $116.9M $104.7M
YoY Change 35.72% 44.14%
Net Earnings / Revenue 19.85% 18.19%
Basic Earnings Per Share $0.50 $0.45
Diluted Earnings Per Share $0.50 $0.45
COMMON SHARES
Basic Shares Outstanding 233.3M shares 233.4M shares
Diluted Shares Outstanding 230.5M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $240.8M $278.1M
YoY Change 1.27% 16.33%
Cash & Equivalents $226.4M $260.6M
Short-Term Investments $14.36M $17.50M
Other Short-Term Assets $32.66M $30.80M
YoY Change 8.75% -22.16%
Inventory $402.5M $395.5M
Prepaid Expenses
Receivables $321.8M $351.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $997.7M $1.055B
YoY Change 5.17% 6.68%
LONG-TERM ASSETS
Property, Plant & Equipment $652.9M $606.2M
YoY Change 18.7% 15.09%
Goodwill $340.1M $313.2M
YoY Change 8.38% -0.22%
Intangibles $214.0M $204.9M
YoY Change -2.44% -8.61%
Long-Term Investments $299.1M $21.50M
YoY Change 517.94% -45.84%
Other Assets $960.8M $896.7M
YoY Change 15.97% 12.75%
Total Long-Term Assets $1.614B $1.503B
YoY Change 17.06% 13.68%
TOTAL ASSETS
Total Short-Term Assets $997.7M $1.055B
Total Long-Term Assets $1.614B $1.503B
Total Assets $2.611B $2.558B
YoY Change 12.21% 10.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $184.4M $171.4M
YoY Change 21.52% -0.04%
Accrued Expenses $58.74M $103.0M
YoY Change -40.55% 9.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $271.6M $274.4M
YoY Change 8.4% 3.48%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $27.31M $15.46M
YoY Change 150.92% 27.63%
Total Long-Term Liabilities $27.31M $15.46M
YoY Change 150.92% 27.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $271.6M $274.4M
Total Long-Term Liabilities $27.31M $15.46M
Total Liabilities $298.9M $289.9M
YoY Change 14.34% 4.54%
SHAREHOLDERS EQUITY
Retained Earnings $1.337B $1.307B
YoY Change 16.42% 17.95%
Common Stock $982.1M $975.2M
YoY Change 5.43% 5.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.313B $2.268B
YoY Change
Total Liabilities & Shareholders Equity $2.611B $2.558B
YoY Change 12.21% 10.69%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $116.9M $104.7M
YoY Change 35.72% 44.14%
Depreciation, Depletion And Amortization $22.32M $22.20M
YoY Change -4.12% -4.46%
Cash From Operating Activities $169.5M $125.9M
YoY Change 66.48% 167.32%
INVESTING ACTIVITIES
Capital Expenditures $64.23M $30.10M
YoY Change 63.61% -159.19%
Acquisitions
YoY Change
Other Investing Activities -$46.18M -$32.50M
YoY Change 226.13% 518.93%
Cash From Investing Activities -$110.3M -$62.70M
YoY Change 106.51% 11.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -93.45M -40.20M
YoY Change 77.66% 7.39%
NET CHANGE
Cash From Operating Activities 169.5M 125.9M
Cash From Investing Activities -110.3M -62.70M
Cash From Financing Activities -93.45M -40.20M
Net Change In Cash -34.22M 23.00M
YoY Change 718.83% -149.53%
FREE CASH FLOW
Cash From Operating Activities $169.5M $125.9M
Capital Expenditures $64.23M $30.10M
Free Cash Flow $105.3M $95.80M
YoY Change 68.28% -2.19%

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