2024 Q3 Form 10-Q Financial Statement

#000162828024034400 Filed on August 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.861B $1.805B
YoY Change 7.02% 7.04%
Cost Of Revenue $1.046B $1.012B
YoY Change 4.64% 2.33%
Gross Profit $815.0M $793.3M
YoY Change 10.24% 13.73%
Gross Profit Margin 43.79% 43.94%
Selling, General & Admin $334.3M $342.1M
YoY Change 6.06% 8.4%
% of Gross Profit 41.02% 43.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $124.3M $116.9M
YoY Change 7.43% 4.56%
% of Gross Profit 15.25% 14.74%
Operating Expenses $334.3M $342.1M
YoY Change 6.06% -16.19%
Operating Profit $356.3M $271.8M
YoY Change 11.9% -6.05%
Interest Expense -$73.70M -$50.80M
YoY Change -286.11% 27.96%
% of Operating Profit -20.68% -18.69%
Other Income/Expense, Net $9.500M $18.10M
YoY Change 25.0% 120.73%
Pretax Income $302.0M $236.1M
YoY Change 10.3% -1.17%
Income Tax $73.80M $46.10M
% Of Pretax Income 24.44% 19.53%
Net Earnings $221.6M $185.0M
YoY Change 6.39% 3.06%
Net Earnings / Revenue 11.91% 10.25%
Basic Earnings Per Share $0.55 $0.46
Diluted Earnings Per Share $0.54 $0.45
COMMON SHARES
Basic Shares Outstanding 403.5M shares 403.4M shares
Diluted Shares Outstanding 406.9M shares 407.4M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.377B $1.063B
YoY Change 14.98% -9.81%
Cash & Equivalents $1.377B $1.063B
Short-Term Investments
Other Short-Term Assets $309.6M $319.3M
YoY Change 30.69% 40.17%
Inventory $1.163B $1.160B
Prepaid Expenses
Receivables $1.342B $1.301B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.191B $3.843B
YoY Change 12.26% 3.12%
LONG-TERM ASSETS
Property, Plant & Equipment $853.1M $830.0M
YoY Change 24.39% 28.54%
Goodwill $8.206B $8.217B
YoY Change 26.45% 27.85%
Intangibles $4.446B $4.478B
YoY Change 21.04% 22.36%
Long-Term Investments
YoY Change
Other Assets $479.6M $440.4M
YoY Change -12.75% -22.59%
Total Long-Term Assets $14.02B $14.00B
YoY Change 22.72% 23.83%
TOTAL ASSETS
Total Short-Term Assets $4.191B $3.843B
Total Long-Term Assets $14.02B $14.00B
Total Assets $18.21B $17.84B
YoY Change 20.14% 18.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $743.8M $748.5M
YoY Change 12.17% 11.85%
Accrued Expenses $1.029B $1.012B
YoY Change 7.43% 103.79%
Deferred Revenue $333.3M $324.0M
YoY Change -3.03% -4.48%
Short-Term Debt $1.500M $3.100M
YoY Change -64.29%
Long-Term Debt Due $2.900M $4.500M
YoY Change -91.45% -85.62%
Total Short-Term Liabilities $1.776B $1.765B
YoY Change 7.31% 8.65%
LONG-TERM LIABILITIES
Long-Term Debt $4.783B $4.751B
YoY Change 77.18% 76.06%
Other Long-Term Liabilities $358.1M $309.7M
YoY Change -11.6% -44.9%
Total Long-Term Liabilities $358.1M $309.7M
YoY Change -11.6% -90.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.776B $1.765B
Total Long-Term Liabilities $358.1M $309.7M
Total Liabilities $7.872B $7.814B
YoY Change 42.24% 39.2%
SHAREHOLDERS EQUITY
Retained Earnings $2.282B $2.068B
YoY Change 54.65% 62.18%
Common Stock $9.619B $9.600B
YoY Change 0.92% 0.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.27B $9.958B
YoY Change
Total Liabilities & Shareholders Equity $18.21B $17.84B
YoY Change 20.14% 18.7%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $221.6M $185.0M
YoY Change 6.39% 3.06%
Depreciation, Depletion And Amortization $124.3M $116.9M
YoY Change 7.43% 4.56%
Cash From Operating Activities $404.0M $304.9M
YoY Change 1.69% 33.49%
INVESTING ACTIVITIES
Capital Expenditures $29.70M $21.80M
YoY Change 3.85% -12.1%
Acquisitions
YoY Change
Other Investing Activities -$9.000M -$2.607B
YoY Change -97.08% 5208.96%
Cash From Investing Activities -$38.70M -$2.629B
YoY Change -88.49% 3456.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -79.30M 1.942B
YoY Change 182.21% -2641.36%
NET CHANGE
Cash From Operating Activities 404.0M 304.9M
Cash From Investing Activities -38.70M -2.629B
Cash From Financing Activities -79.30M 1.942B
Net Change In Cash 286.0M -382.0M
YoY Change 769.3% -589.12%
FREE CASH FLOW
Cash From Operating Activities $404.0M $304.9M
Capital Expenditures $29.70M $21.80M
Free Cash Flow $374.3M $283.1M
YoY Change 1.52% 39.05%

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