2023 Q3 Form 10-Q Financial Statement

#000103797623000030 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $5.111B $5.053B
YoY Change -1.28% -4.28%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.902B $4.832B
YoY Change 0.07% -2.63%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.10M $59.90M
YoY Change 6.1% 8.12%
% of Gross Profit
Operating Expenses $4.992B $4.903B
YoY Change 0.35% -2.78%
Operating Profit $119.1M $149.2M
YoY Change -41.21% -36.54%
Interest Expense -$48.30M -$144.0M
YoY Change 112.78% -479.95%
% of Operating Profit -40.55% -96.51%
Other Income/Expense, Net $3.000M -$1.200M
YoY Change 500.0% -100.89%
Pretax Income $73.80M $4.000M
YoY Change -59.09% -99.02%
Income Tax $14.50M $800.0K
% Of Pretax Income 19.65% 20.0%
Net Earnings $59.70M $2.500M
YoY Change -57.42% -98.71%
Net Earnings / Revenue 1.17% 0.05%
Basic Earnings Per Share $1.25 $0.05
Diluted Earnings Per Share $1.23 $0.05
COMMON SHARES
Basic Shares Outstanding 47.68M shares 47.76M shares
Diluted Shares Outstanding 48.39M shares 48.33M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $390.0M $402.5M
YoY Change -20.31% -29.14%
Cash & Equivalents $389.5M $402.5M
Short-Term Investments
Other Short-Term Assets $613.0M $593.3M
YoY Change -13.39% 7.42%
Inventory
Prepaid Expenses
Receivables $1.913B $1.982B
Other Receivables $3.105B $3.371B
Total Short-Term Assets $6.379B $6.706B
YoY Change 0.14% 9.04%
LONG-TERM ASSETS
Property, Plant & Equipment $589.4M $585.5M
YoY Change -19.43% -19.98%
Goodwill $4.542B $4.578B
YoY Change 1.95% 1.28%
Intangibles $803.2M $821.1M
YoY Change -6.78% -5.83%
Long-Term Investments $865.0M $872.7M
YoY Change -2.91% -3.24%
Other Assets $179.8M $175.2M
YoY Change -17.33% -23.99%
Total Long-Term Assets $9.102B $9.120B
YoY Change 1.03% -0.03%
TOTAL ASSETS
Total Short-Term Assets $6.379B $6.706B
Total Long-Term Assets $9.102B $9.120B
Total Assets $15.48B $15.83B
YoY Change 0.66% 3.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.074B $1.055B
YoY Change 25.12% 11.36%
Accrued Expenses $1.497B $1.306B
YoY Change -9.81% -13.21%
Deferred Revenue
YoY Change
Short-Term Debt $117.6M $112.1M
YoY Change -51.84% -72.19%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.426B $5.491B
YoY Change 0.4% 2.88%
LONG-TERM LIABILITIES
Long-Term Debt $1.961B $2.221B
YoY Change 1.64% 28.49%
Other Long-Term Liabilities $399.1M $386.6M
YoY Change -27.97% -29.34%
Total Long-Term Liabilities $399.1M $386.6M
YoY Change -27.97% -29.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.426B $5.491B
Total Long-Term Liabilities $399.1M $386.6M
Total Liabilities $9.311B $9.634B
YoY Change -0.62% 5.65%
SHAREHOLDERS EQUITY
Retained Earnings $5.625B $5.568B
YoY Change 3.86% 5.54%
Common Stock $2.010B $2.016B
YoY Change -1.23% -1.73%
Preferred Stock
YoY Change
Treasury Stock (at cost) $907.2M $895.8M
YoY Change -4.6% 8.62%
Treasury Stock Shares
Shareholders Equity $6.045B $6.065B
YoY Change
Total Liabilities & Shareholders Equity $15.48B $15.83B
YoY Change 0.66% 3.62%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $59.70M $2.500M
YoY Change -57.42% -98.71%
Depreciation, Depletion And Amortization $59.10M $59.90M
YoY Change 6.1% 8.12%
Cash From Operating Activities $325.7M $237.0M
YoY Change 136.87% 33.9%
INVESTING ACTIVITIES
Capital Expenditures $49.50M $38.90M
YoY Change -200.81% -196.53%
Acquisitions
YoY Change
Other Investing Activities -$10.20M -$47.80M
YoY Change -71.35% -167.13%
Cash From Investing Activities -$59.70M -$86.70M
YoY Change -29.52% -380.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -272.7M -271.4M
YoY Change 170.54% 32.26%
NET CHANGE
Cash From Operating Activities 325.7M 237.0M
Cash From Investing Activities -59.70M -86.70M
Cash From Financing Activities -272.7M -271.4M
Net Change In Cash -6.700M -121.1M
YoY Change -86.04% -4585.19%
FREE CASH FLOW
Cash From Operating Activities $325.7M $237.0M
Capital Expenditures $49.50M $38.90M
Free Cash Flow $276.2M $198.1M
YoY Change 48.02% -8.84%

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