2023 Q3 Form 10-Q Financial Statement

#000104360423000133 Filed on July 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $1.398B $1.430B
YoY Change -1.19% 12.64%
Cost Of Revenue $587.4M $617.0M
YoY Change -6.29% 7.21%
Gross Profit $810.4M $813.1M
YoY Change 2.87% 17.14%
Gross Profit Margin 57.98% 56.86%
Selling, General & Admin $371.8M $373.5M
YoY Change 5.78% 9.37%
% of Gross Profit 45.88% 45.94%
Research & Development $288.5M $282.0M
YoY Change 5.29% 15.43%
% of Gross Profit 35.6% 34.68%
Depreciation & Amortization $48.90M $49.10M
YoY Change -9.28% -11.05%
% of Gross Profit 6.03% 6.04%
Operating Expenses $722.8M $655.5M
YoY Change 13.2% 11.8%
Operating Profit $87.60M $157.6M
YoY Change -41.33% 46.2%
Interest Expense $20.50M -$99.00M
YoY Change 34.87% -838.81%
% of Operating Profit 23.4% -62.82%
Other Income/Expense, Net -$4.800M -$600.0K
YoY Change -47.25% -92.59%
Pretax Income $82.80M $41.50M
YoY Change -40.94% -71.48%
Income Tax $5.000M $15.00M
% Of Pretax Income 6.04% 36.14%
Net Earnings $76.10M $24.40M
YoY Change -37.37% -78.48%
Net Earnings / Revenue 5.44% 1.71%
Basic Earnings Per Share $0.24 $0.08
Diluted Earnings Per Share $0.24 $0.07
COMMON SHARES
Basic Shares Outstanding 321.4M shares 321.6M shares
Diluted Shares Outstanding 323.8M shares 326.0M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.377B $1.234B
YoY Change 30.27% 21.45%
Cash & Equivalents $1.244B $1.089B
Short-Term Investments $133.6M $144.7M
Other Short-Term Assets $109.6M $682.7M
YoY Change -11.61% 393.99%
Inventory $976.3M $925.7M
Prepaid Expenses $123.2M $130.2M
Receivables $937.3M $908.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.871B $3.751B
YoY Change 20.65% 22.1%
LONG-TERM ASSETS
Property, Plant & Equipment $687.8M $813.4M
YoY Change 3.09% 20.38%
Goodwill $3.734B $3.734B
YoY Change 0.0% 0.02%
Intangibles $109.0M $126.2M
YoY Change -38.66% -35.68%
Long-Term Investments $0.00 $62.30M
YoY Change -100.0% 54.59%
Other Assets $841.3M $888.2M
YoY Change -0.41% 15.56%
Total Long-Term Assets $5.534B $5.625B
YoY Change -4.06% -2.84%
TOTAL ASSETS
Total Short-Term Assets $3.871B $3.751B
Total Long-Term Assets $5.534B $5.625B
Total Assets $9.405B $9.376B
YoY Change 4.77% 5.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $324.4M $371.8M
YoY Change -8.02% 3.11%
Accrued Expenses $874.8M $852.5M
YoY Change 34.65% 31.38%
Deferred Revenue $1.038B $1.038B
YoY Change 16.02% 10.37%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.237B $2.262B
YoY Change 17.93% 16.02%
LONG-TERM LIABILITIES
Long-Term Debt $1.589B $1.603B
YoY Change -0.45% -1.43%
Other Long-Term Liabilities $154.1M $1.156B
YoY Change -2.96% 905.04%
Total Long-Term Liabilities $1.743B $2.758B
YoY Change -0.68% 58.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.237B $2.262B
Total Long-Term Liabilities $1.743B $2.758B
Total Liabilities $5.074B $5.021B
YoY Change 9.39% 8.85%
SHAREHOLDERS EQUITY
Retained Earnings -$2.420B -$2.426B
YoY Change -3.37% -7.6%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.331B $4.355B
YoY Change
Total Liabilities & Shareholders Equity $9.405B $9.376B
YoY Change 4.77% 5.81%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $76.10M $24.40M
YoY Change -37.37% -78.48%
Depreciation, Depletion And Amortization $48.90M $49.10M
YoY Change -9.28% -11.05%
Cash From Operating Activities $329.2M $343.0M
YoY Change 535.52% -228.51%
INVESTING ACTIVITIES
Capital Expenditures $40.80M $41.10M
YoY Change -270.71% -267.76%
Acquisitions
YoY Change
Other Investing Activities $36.90M $53.60M
YoY Change -73.14% -69.94%
Cash From Investing Activities -$3.900M $12.50M
YoY Change -103.44% -91.87%
FINANCING ACTIVITIES
Cash Dividend Paid $70.00M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -165.4M -190.7M
YoY Change 305.39% 14.33%
NET CHANGE
Cash From Operating Activities 329.2M 343.0M
Cash From Investing Activities -3.900M 12.50M
Cash From Financing Activities -165.4M -190.7M
Net Change In Cash 159.9M 164.8M
YoY Change 28.43% -158.88%
FREE CASH FLOW
Cash From Operating Activities $329.2M $343.0M
Capital Expenditures $40.80M $41.10M
Free Cash Flow $288.4M $301.9M
YoY Change 280.98% -224.55%

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