2024 Q3 Form 10-Q Financial Statement
#000162828024033632 Filed on July 31, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
Revenue | $1.443B | $1.453B |
YoY Change | 4.86% | 6.34% |
Cost Of Revenue | $945.5M | $943.8M |
YoY Change | 6.43% | 8.75% |
Gross Profit | $497.1M | $508.7M |
YoY Change | 1.99% | 2.15% |
Gross Profit Margin | 34.46% | 35.02% |
Selling, General & Admin | $193.3M | $207.5M |
YoY Change | -8.43% | -0.43% |
% of Gross Profit | 38.89% | 40.79% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $49.30M | $49.60M |
YoY Change | 31.12% | 34.42% |
% of Gross Profit | 9.92% | 9.75% |
Operating Expenses | $193.3M | $207.5M |
YoY Change | -8.43% | -0.43% |
Operating Profit | $303.8M | $301.2M |
YoY Change | 9.95% | 4.01% |
Interest Expense | -$18.70M | -$19.80M |
YoY Change | 139.74% | 115.22% |
% of Operating Profit | -6.16% | -6.57% |
Other Income/Expense, Net | -$5.600M | -$1.200M |
YoY Change | 60.0% | -75.0% |
Pretax Income | $279.5M | $280.2M |
YoY Change | 5.47% | 2.34% |
Income Tax | $58.50M | $65.00M |
% Of Pretax Income | 20.93% | 23.2% |
Net Earnings | $219.4M | $213.6M |
YoY Change | 9.65% | 3.54% |
Net Earnings / Revenue | 15.21% | 14.71% |
Basic Earnings Per Share | $4.08 | $3.97 |
Diluted Earnings Per Share | $4.05 | $3.94 |
COMMON SHARES | ||
Basic Shares Outstanding | 53.68M shares | 53.69M shares |
Diluted Shares Outstanding | 54.00M shares | 54.10M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $445.6M | $406.5M |
YoY Change | -24.56% | -20.11% |
Cash & Equivalents | $435.7M | $397.2M |
Short-Term Investments | $9.900M | $9.300M |
Other Short-Term Assets | $128.7M | $118.5M |
YoY Change | 48.96% | 29.23% |
Inventory | $850.0M | $856.5M |
Prepaid Expenses | ||
Receivables | $894.8M | $893.2M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $2.319B | $2.275B |
YoY Change | 0.03% | 3.12% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $692.6M | $674.5M |
YoY Change | 21.04% | 20.99% |
Goodwill | $2.524B | $2.514B |
YoY Change | 26.51% | 25.76% |
Intangibles | $1.108B | $1.136B |
YoY Change | 71.92% | 70.94% |
Long-Term Investments | $85.50M | $80.80M |
YoY Change | 38.8% | 16.09% |
Other Assets | $205.9M | $192.3M |
YoY Change | 16.53% | 32.8% |
Total Long-Term Assets | $4.616B | $4.597B |
YoY Change | 33.8% | 33.82% |
TOTAL ASSETS | ||
Total Short-Term Assets | $2.319B | $2.275B |
Total Long-Term Assets | $4.616B | $4.597B |
Total Assets | $6.935B | $6.872B |
YoY Change | 20.23% | 21.82% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $547.5M | $586.7M |
YoY Change | -1.3% | 5.75% |
Accrued Expenses | $359.8M | $374.3M |
YoY Change | 18.51% | -12.01% |
Deferred Revenue | $127.4M | $141.5M |
YoY Change | ||
Short-Term Debt | $276.2M | $91.80M |
YoY Change | 8269.7% | 5000.0% |
Long-Term Debt Due | $291.2M | $18.70M |
YoY Change | ||
Total Short-Term Liabilities | $1.397B | $1.259B |
YoY Change | 30.36% | 17.64% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $1.640B | $1.893B |
YoY Change | 13.93% | 31.52% |
Other Long-Term Liabilities | $669.2M | $654.2M |
YoY Change | 32.07% | 68.61% |
Total Long-Term Liabilities | $2.310B | $2.547B |
YoY Change | 18.65% | 39.4% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.397B | $1.259B |
Total Long-Term Liabilities | $2.310B | $2.547B |
Total Liabilities | $3.706B | $3.805B |
YoY Change | 22.81% | 26.0% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $3.215B | $3.053B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $6.935B | $6.872B |
YoY Change | 20.23% | 21.82% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $219.4M | $213.6M |
YoY Change | 9.65% | 3.54% |
Depreciation, Depletion And Amortization | $49.30M | $49.60M |
YoY Change | 31.12% | 34.42% |
Cash From Operating Activities | $227.0M | $239.6M |
YoY Change | 17.07% | 5.23% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $38.20M | $33.90M |
YoY Change | 9.46% | -4.51% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $2.100M | $1.400M |
YoY Change | 23.53% | -102.43% |
Cash From Investing Activities | -$36.10M | -$32.50M |
YoY Change | 8.73% | -65.09% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -157.1M | -194.0M |
YoY Change | 107.26% | 161.81% |
NET CHANGE | ||
Cash From Operating Activities | 227.0M | 239.6M |
Cash From Investing Activities | -36.10M | -32.50M |
Cash From Financing Activities | -157.1M | -194.0M |
Net Change In Cash | 33.80M | 13.10M |
YoY Change | -60.19% | -78.35% |
FREE CASH FLOW | ||
Cash From Operating Activities | $227.0M | $239.6M |
Capital Expenditures | $38.20M | $33.90M |
Free Cash Flow | $188.8M | $205.7M |
YoY Change | 18.74% | 7.02% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2851600000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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Repayments Of Short Term Debt
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Repayments Of Short Term Debt
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Revenue From Contract With Customer Excluding Assessed Tax
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Revenue From Contract With Customer Excluding Assessed Tax
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Revenue From Contract With Customer Excluding Assessed Tax
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Revenue From Contract With Customer Excluding Assessed Tax
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Contract With Customer Liability Revenue Recognized
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Revenue Remaining Performance Obligation
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Revenue From Contract With Customer Excluding Assessed Tax
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Revenue From Contract With Customer Excluding Assessed Tax
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Operating Income Percentage Of Sales
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OperatingIncomePercentageOfSales
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OperatingIncomeLoss
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Operating Income Percentage Of Sales
OperatingIncomePercentageOfSales
|
0.186 | ||
hubb |
Operating Income Percentage Of Sales
OperatingIncomePercentageOfSales
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0.202 | ||
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Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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Inventory Raw Materials Net Of Reserves
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Inventory Work In Process Net Of Reserves
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Inventory Work In Process Net Of Reserves
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Inventory Finished Goods Net Of Reserves
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Goodwill
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Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
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Goodwill Foreign Currency Translation Gain Loss
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Goodwill
Goodwill
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Finite Lived Intangible Assets Gross
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Finite Lived Intangible Assets Accumulated Amortization
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CY2023Q2 | us-gaap |
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Amortization Of Intangible Assets
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Amortization Of Intangible Assets
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Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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Finite Lived Intangible Assets Amortization Expense Year Two
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Finite Lived Intangible Assets Amortization Expense Year Three
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Finite Lived Intangible Assets Amortization Expense Year Four
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Finite Lived Intangible Assets Amortization Expense Year Five
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|
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Deferred Income Tax Liabilities Net
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CY2023Q4 | us-gaap |
Product Warranty Accrual Noncurrent
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23600000 | usd |
CY2024Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
114000000.0 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
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CY2024Q2 | us-gaap |
Other Sundry Liabilities Noncurrent
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CY2023Q4 | us-gaap |
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OtherSundryLiabilitiesNoncurrent
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CY2024Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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654200000 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Noncurrent
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660600000 | usd |
CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.22 | |
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Common Stock Dividends Per Share Declared
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|
1.22 | |
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|
1.12 | |
CY2024Q2 | us-gaap |
Cash Flow Hedge Derivative Instrument Assets At Fair Value
CashFlowHedgeDerivativeInstrumentAssetsAtFairValue
|
200000 | usd |
CY2024Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
18700000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
15000000 | usd |
CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
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Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
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Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
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Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |