$KN
Knowles Corp Stock $kn

$kn Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000158752323000071 Filed on August 02, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$175.1M	$173.0M
YoY Change	-1.74%	-7.98%
Cost Of Revenue	$102.7M	$105.8M
YoY Change	-6.72%	-4.08%
Gross Profit	$77.50M	$67.20M
YoY Change	93.75%	-13.51%
Gross Profit Margin	44.26%	38.84%
Selling, General & Admin	$34.60M	$36.50M
YoY Change	6.13%	18.89%
% of Gross Profit	44.65%	54.32%
Research & Development	$19.80M	$19.70M
YoY Change	2.59%	-7.51%
% of Gross Profit	25.55%	29.32%
Depreciation & Amortization	$7.600M	$11.10M
YoY Change	-22.45%	0.91%
% of Gross Profit	9.81%	16.52%
Operating Expenses	$55.90M	$56.20M
YoY Change	2.38%	-80.77%
Operating Profit	$21.60M	$11.00M
YoY Change	-247.95%	-105.13%
Interest Expense	-$600.0K	-$800.0K
YoY Change	-45.45%	0.0%
% of Operating Profit	-2.78%	-7.27%
Other Income/Expense, Net	$500.0K	$1.300M
YoY Change	-76.19%	-176.47%
Pretax Income	$21.50M	$17.40M
YoY Change	-258.09%	-108.01%
Income Tax	$4.900M	$3.800M
% Of Pretax Income	22.79%	21.84%
Net Earnings	$16.60M	$13.60M
YoY Change	514.81%	-105.6%
Net Earnings / Revenue	9.48%	7.86%
Basic Earnings Per Share	$0.18	$0.15
Diluted Earnings Per Share	$0.18	$0.15
COMMON SHARES
Basic Shares Outstanding	91.14M shares	91.38M shares
Diluted Shares Outstanding	91.40M shares	91.80M shares

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$75.10M	$54.40M
YoY Change	80.96%	14.05%
Cash & Equivalents	$75.10M	$54.40M
Short-Term Investments
Other Short-Term Assets	$9.600M	$11.60M
YoY Change	-22.58%	-19.44%
Inventory	$184.1M	$191.9M
Prepaid Expenses
Receivables	$119.0M	$118.0M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$387.8M	$375.9M
YoY Change	2.81%	-0.74%
LONG-TERM ASSETS
Property, Plant & Equipment	$144.6M	$161.4M
YoY Change	-12.04%	-11.42%
Goodwill	$471.0M	$471.0M
YoY Change	-32.92%	-32.92%
Intangibles	$78.30M	$79.30M
YoY Change	-11.12%	-13.05%
Long-Term Investments
YoY Change
Other Assets	$89.80M	$88.40M
YoY Change	-1.64%	-1.23%
Total Long-Term Assets	$794.4M	$800.1M
YoY Change	-25.02%	-25.9%
TOTAL ASSETS
Total Short-Term Assets	$387.8M	$375.9M
Total Long-Term Assets	$794.4M	$800.1M
Total Assets	$1.182B	$1.176B
YoY Change	-17.71%	-19.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$52.30M	$48.50M
YoY Change	-10.29%	-24.69%
Accrued Expenses	$54.40M	$59.90M
YoY Change	-11.97%	3.81%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$45.00M	$45.00M
YoY Change	-42.31%	-38.36%
Total Short-Term Liabilities	$107.0M	$108.4M
YoY Change	-18.51%	-27.3%
LONG-TERM LIABILITIES
Long-Term Debt	$45.00M	$45.00M
YoY Change	-42.31%	-38.36%
Other Long-Term Liabilities	$29.80M	$35.20M
YoY Change	-22.19%	59.28%
Total Long-Term Liabilities	$74.80M	$80.20M
YoY Change	-35.68%	-15.67%
TOTAL LIABILITIES
Total Short-Term Liabilities	$107.0M	$108.4M
Total Long-Term Liabilities	$74.80M	$80.20M
Total Liabilities	$181.8M	$189.5M
YoY Change	-26.58%	-22.4%
SHAREHOLDERS EQUITY
Retained Earnings	-$423.2M	-$439.8M
YoY Change	76.19%	81.06%
Common Stock	$1.000M	$1.000M
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$993.3M	$986.5M
YoY Change
Total Liabilities & Shareholders Equity	$1.182B	$1.176B
YoY Change	-17.71%	-19.36%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	$16.60M	$13.60M
YoY Change	514.81%	-105.6%
Depreciation, Depletion And Amortization	$7.600M	$11.10M
YoY Change	-22.45%	0.91%
Cash From Operating Activities	$39.90M	$500.0K
YoY Change	108.9%	-97.45%
INVESTING ACTIVITIES
Capital Expenditures	$3.900M	$4.000M
YoY Change	-136.11%	-156.34%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$12.10M
YoY Change		-1828.57%
Cash From Investing Activities	-$3.900M	$8.100M
YoY Change	-63.89%	-203.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-15.20M	-5.800M
YoY Change	9.35%	-59.15%
NET CHANGE
Cash From Operating Activities	39.90M	500.0K
Cash From Investing Activities	-3.900M	8.100M
Cash From Financing Activities	-15.20M	-5.800M
Net Change In Cash	20.80M	2.800M
YoY Change	-471.43%	-216.67%
FREE CASH FLOW
Cash From Operating Activities	$39.90M	$500.0K
Capital Expenditures	$3.900M	$4.000M
Free Cash Flow	$36.00M	-$3.500M
YoY Change	20.4%	-113.11%

Facts In Submission

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CY2022Q2	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax	100000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax	500000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax	1000000.0	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax	-100000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax	-100000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-400000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-900000	usd
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax	300000	usd
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax	300000	usd
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax	100000	usd
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax	-300000	usd
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax	-400000	usd
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax	0	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax	600000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax	700000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax	-100000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax	-100000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-500000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-600000	usd
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.218
CY2023Q2	kn	Effective Income Tax Rate Reconciliation Discrete Items EffectiveIncomeTaxRateReconciliationDiscreteItems	100000	usd
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.368
	kn	Effective Income Tax Rate Reconciliation Discrete Items EffectiveIncomeTaxRateReconciliationDiscreteItems	700000	usd
CY2023Q2	kn	Effective Tax Rate Excluding Discrete Items EffectiveTaxRateExcludingDiscreteItems	0.213
	kn	Effective Tax Rate Excluding Discrete Items EffectiveTaxRateExcludingDiscreteItems	0.316
CY2022Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.119
CY2022Q2	kn	Effective Income Tax Rate Reconciliation Discrete Items EffectiveIncomeTaxRateReconciliationDiscreteItems	-600000	usd
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.146
	kn	Effective Income Tax Rate Reconciliation Discrete Items EffectiveIncomeTaxRateReconciliationDiscreteItems	-1600000	usd
CY2022Q2	kn	Effective Tax Rate Excluding Discrete Items EffectiveTaxRateExcludingDiscreteItems	0.122
	kn	Effective Tax Rate Excluding Discrete Items EffectiveTaxRateExcludingDiscreteItems	0.155
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	7100000	usd
CY2022Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	7200000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	14900000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	14800000	usd
CY2023Q2	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	300000	usd
CY2022Q2	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	800000	usd
	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	3200000	usd
	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	4000000.0	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	6800000	usd
CY2022Q2	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	6400000	usd
	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	11700000	usd
	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	10800000	usd
CY2023Q2	us-gaap	Revenues Revenues	173000000.0	usd
CY2022Q2	us-gaap	Revenues Revenues	188000000.0	usd
	us-gaap	Revenues Revenues	317300000	usd
	us-gaap	Revenues Revenues	389400000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	17400000	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-217100000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-242900000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-224800000	usd
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.15
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-2.64
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.09
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-2.44
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	91400000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	92000000.0	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	91400000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	92200000	shares
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.15
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-2.64
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.09
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-2.44
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	91800000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	92000000.0	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	92100000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	92200000	shares
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segments
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	13300000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-196100000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3800000	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	25800000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4900000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	28700000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	13600000	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-242900000	usd
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	8400000	usd
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-224800000	usd
CY2023Q2	us-gaap	Assets Assets	1176000000	usd
CY2022Q4	us-gaap	Assets Assets	1183900000	usd
CY2023Q2	us-gaap	Revenues Revenues	173000000.0	usd
CY2022Q2	us-gaap	Revenues Revenues	188000000.0	usd
	us-gaap	Revenues Revenues	317300000	usd
CY2023Q2	us-gaap	Billed Contract Receivables BilledContractReceivables	107300000	usd
CY2022Q4	us-gaap	Billed Contract Receivables BilledContractReceivables	125700000	usd

Files In Submission

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0001587523-23-000071-index.html	Edgar Link	pending
0001587523-23-000071.txt	Edgar Link	pending
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a2023630exhibit311.htm	Edgar Link	pending
a2023630exhibit312.htm	Edgar Link	pending
a2023630exhibit321.htm	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
kn-20230630_pre.xml	Edgar Link	unprocessable

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$KN
Knowles Corp Stock $kn

2023 Q3 Form 10-Q Financial Statement

#000158752323000071 Filed on August 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KN Knowles Corp Stock $kn

2023 Q3 Form 10-Q Financial Statement

#000158752323000071 Filed on August 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KN
Knowles Corp Stock $kn