2024 Q1 Form 10-Q Financial Statement

#000085973724000003 Filed on February 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $1.018B $1.013B
YoY Change -5.69%
Cost Of Revenue $308.6M $307.2M
YoY Change -32.68%
Gross Profit $542.3M $567.5M
YoY Change -8.16%
Gross Profit Margin 53.28% 56.02%
Selling, General & Admin $244.6M $260.7M
YoY Change -4.15%
% of Gross Profit 45.1% 45.94%
Research & Development $74.60M $66.80M
YoY Change -10.7%
% of Gross Profit 13.76% 11.77%
Depreciation & Amortization $73.70M $29.60M
YoY Change -65.54%
% of Gross Profit 13.59% 5.22%
Operating Expenses $331.9M $369.3M
YoY Change 4.2%
Operating Profit $210.4M $198.2M
YoY Change -24.78%
Interest Expense $32.30M $26.00M
YoY Change -446.67%
% of Operating Profit 15.35% 13.12%
Other Income/Expense, Net $9.400M -$8.800M
YoY Change -44.3%
Pretax Income $211.5M $191.3M
YoY Change -19.99%
Income Tax $41.60M -$55.20M
% Of Pretax Income 19.67% -28.86%
Net Earnings $169.9M $246.5M
YoY Change 31.54%
Net Earnings / Revenue 16.69% 24.33%
Basic Earnings Per Share $0.72 $1.03
Diluted Earnings Per Share $0.72 $1.03
COMMON SHARES
Basic Shares Outstanding 234.7M shares 240.0M shares
Diluted Shares Outstanding 237.6M shares 240.2M shares

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.180B $1.932B
YoY Change -20.86%
Cash & Equivalents $2.180B $1.932B
Short-Term Investments
Other Short-Term Assets $312.4M $257.6M
YoY Change 12.78%
Inventory $649.2M $633.6M
Prepaid Expenses $165.5M $155.8M
Receivables $647.1M $670.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.789B $3.494B
YoY Change -13.11%
LONG-TERM ASSETS
Property, Plant & Equipment $524.8M $527.0M
YoY Change 6.62%
Goodwill $3.292B $3.306B
YoY Change 0.5%
Intangibles $751.9M $832.7M
YoY Change -33.67%
Long-Term Investments
YoY Change
Other Assets $356.6M $309.7M
YoY Change 34.77%
Total Long-Term Assets $4.926B $4.975B
YoY Change -5.58%
TOTAL ASSETS
Total Short-Term Assets $3.789B $3.494B
Total Long-Term Assets $4.926B $4.975B
Total Assets $8.714B $8.470B
YoY Change -8.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $202.5M $183.8M
YoY Change -8.92%
Accrued Expenses $503.5M $484.0M
YoY Change -10.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $37.40M $37.40M
YoY Change 81.55%
Total Short-Term Liabilities $954.6M $899.0M
YoY Change -5.98%
LONG-TERM LIABILITIES
Long-Term Debt $2.514B $2.523B
YoY Change -10.1%
Other Long-Term Liabilities $354.3M $345.3M
YoY Change 3.04%
Total Long-Term Liabilities $2.868B $2.868B
YoY Change -8.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $954.6M $899.0M
Total Long-Term Liabilities $2.868B $2.868B
Total Liabilities $3.823B $3.767B
YoY Change -8.07%
SHAREHOLDERS EQUITY
Retained Earnings $2.473B $2.303B
YoY Change 28.81%
Common Stock $3.000M $3.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.692B $3.592B
YoY Change 36.5%
Treasury Stock Shares
Shareholders Equity $4.844B $4.654B
YoY Change
Total Liabilities & Shareholders Equity $8.714B $8.470B
YoY Change -8.84%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $169.9M $246.5M
YoY Change 31.54%
Depreciation, Depletion And Amortization $73.70M $29.60M
YoY Change -65.54%
Cash From Operating Activities $292.4M $220.0M
YoY Change -13.18%
INVESTING ACTIVITIES
Capital Expenditures $28.00M $38.00M
YoY Change 30.58%
Acquisitions
YoY Change
Other Investing Activities -$10.50M $400.0K
YoY Change -103.36%
Cash From Investing Activities -$38.50M -$104.2M
YoY Change 154.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $259.4M
YoY Change
Cash From Financing Activities -4.200M -$943.8M
YoY Change 731.54%
NET CHANGE
Cash From Operating Activities 292.4M $220.0M
Cash From Investing Activities -38.50M -$104.2M
Cash From Financing Activities -4.200M -$943.8M
Net Change In Cash 249.7M -$823.6M
YoY Change -932.76%
FREE CASH FLOW
Cash From Operating Activities $292.4M $220.0M
Capital Expenditures $28.00M $38.00M
Free Cash Flow $264.4M $182.0M
YoY Change -18.86%

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