2023 Q3 Form 10-Q Financial Statement
#000102312823000136 Filed on August 04, 2023
Income Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| Revenue | $8.277B | $8.112B |
| YoY Change | 13.45% | 12.04% |
| Cost Of Revenue | $6.906B | $6.745B |
| YoY Change | 15.45% | 14.53% |
| Gross Profit | $1.371B | $1.366B |
| YoY Change | 4.34% | 1.16% |
| Gross Profit Margin | 16.57% | 16.85% |
| Selling, General & Admin | $850.8M | $838.7M |
| YoY Change | 19.04% | 7.32% |
| % of Gross Profit | 62.04% | 61.38% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $54.90M | $48.40M |
| YoY Change | 31.03% | 18.05% |
| % of Gross Profit | 4.0% | 3.54% |
| Operating Expenses | $850.8M | $887.1M |
| YoY Change | 12.45% | 13.51% |
| Operating Profit | $465.3M | $479.3M |
| YoY Change | -16.55% | -9.28% |
| Interest Expense | -$98.00M | -$79.80M |
| YoY Change | 61.72% | 41.74% |
| % of Operating Profit | -21.06% | -16.65% |
| Other Income/Expense, Net | -$5.300M | $11.00M |
| YoY Change | -22.06% | -150.23% |
| Pretax Income | $361.3M | $407.0M |
| YoY Change | -20.72% | -13.07% |
| Income Tax | $96.40M | $105.9M |
| % Of Pretax Income | 26.68% | 26.02% |
| Net Earnings | $261.5M | $297.2M |
| YoY Change | -20.66% | -10.29% |
| Net Earnings / Revenue | 3.16% | 3.66% |
| Basic Earnings Per Share | $9.49 | $10.79 |
| Diluted Earnings Per Share | $9.46 | $10.77 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 27.56M shares | 27.53M shares |
| Diluted Shares Outstanding | 27.60M shares | 27.60M shares |
Balance Sheet
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $256.0M | $199.7M |
| YoY Change | 9.87% | 76.41% |
| Cash & Equivalents | $286.7M | $199.7M |
| Short-Term Investments | ||
| Other Short-Term Assets | $158.2M | $130.8M |
| YoY Change | 16.84% | 53.52% |
| Inventory | $4.405B | $4.279B |
| Prepaid Expenses | ||
| Receivables | $999.3M | $884.6M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $5.818B | $5.494B |
| YoY Change | 24.14% | 32.01% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $4.420B | $3.908B |
| YoY Change | 27.27% | 3.46% |
| Goodwill | $1.726B | $1.610B |
| YoY Change | 17.94% | 30.11% |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $1.056B | $1.772B |
| YoY Change | -59.14% | -25.77% |
| Total Long-Term Assets | $12.45B | $12.19B |
| YoY Change | 32.64% | 37.79% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $5.818B | $5.494B |
| Total Long-Term Assets | $12.45B | $12.19B |
| Total Assets | $18.27B | $17.68B |
| YoY Change | 29.81% | 35.94% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $307.3M | $297.7M |
| YoY Change | 27.35% | 11.71% |
| Accrued Expenses | $872.2M | $858.4M |
| YoY Change | 7.81% | 13.45% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $3.125B | $2.817B |
| YoY Change | 87.92% | 91.48% |
| Long-Term Debt Due | $71.00M | $75.40M |
| YoY Change | -37.39% | -37.32% |
| Total Short-Term Liabilities | $4.375B | $4.048B |
| YoY Change | 54.79% | 54.84% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $6.589B | $6.613B |
| YoY Change | 26.17% | 40.05% |
| Other Long-Term Liabilities | $243.3M | $1.219B |
| YoY Change | -75.61% | 634.84% |
| Total Long-Term Liabilities | $243.3M | $7.832B |
| YoY Change | -96.09% | 4620.8% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.375B | $4.048B |
| Total Long-Term Liabilities | $243.3M | $7.832B |
| Total Liabilities | $12.20B | $11.88B |
| YoY Change | 34.89% | 43.65% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $4.814B | $4.566B |
| YoY Change | 25.71% | 30.05% |
| Common Stock | $1.198B | $1.179B |
| YoY Change | 1.83% | -0.64% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $5.996B | $5.803B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $18.27B | $17.68B |
| YoY Change | 29.81% | 35.94% |
Cashflow Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $261.5M | $297.2M |
| YoY Change | -20.66% | -10.29% |
| Depreciation, Depletion And Amortization | $54.90M | $48.40M |
| YoY Change | 31.03% | 18.05% |
| Cash From Operating Activities | $121.5M | -$249.7M |
| YoY Change | -147.76% | -13.72% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $66.60M | $58.20M |
| YoY Change | -190.98% | -176.68% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$173.5M | -$528.1M |
| YoY Change | 7.5% | 51.1% |
| Cash From Investing Activities | -$240.1M | -$586.3M |
| YoY Change | 2.34% | 37.82% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 178.5M | 738.6M |
| YoY Change | -70.99% | 10.47% |
| NET CHANGE | ||
| Cash From Operating Activities | 121.5M | -249.7M |
| Cash From Investing Activities | -240.1M | -586.3M |
| Cash From Financing Activities | 178.5M | 738.6M |
| Net Change In Cash | 59.90M | -97.40M |
| YoY Change | -52.61% | 110.82% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $121.5M | -$249.7M |
| Capital Expenditures | $66.60M | $58.20M |
| Free Cash Flow | $54.90M | -$307.9M |
| YoY Change | -130.3% | 44.22% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
0 | shares | |
| lad |
Stock Repurchased And Retired During The Period Average Purchase Price Per Share
StockRepurchasedAndRetiredDuringThePeriodAveragePurchasePricePerShare
|
0 | ||
| CY2023Q2 | lad |
Cumulative Stock Repurchased And Retired During Period Shares
CumulativeStockRepurchasedAndRetiredDuringPeriodShares
|
6904781 | shares |
| CY2023Q2 | lad |
Cumulative Stock Repurchased And Retired During The Period Average Purchase Price Per Share
CumulativeStockRepurchasedAndRetiredDuringThePeriodAveragePurchasePricePerShare
|
173.59 | |
| CY2023Q2 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
501400000 | usd |
| CY2023Q2 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
4500000 | usd |
| us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
5700000 | usd | |
| CY2022Q2 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
1500000 | usd |
| us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
8100000 | usd | |
| CY2023Q2 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
8400000000 | usd |
| CY2022Q2 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
8147100000 | usd |
| us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
16116900000 | usd | |
| us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
15695700000 | usd | |
| CY2023Q2 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
314500000 | usd |
| CY2022Q2 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
363200000 | usd |
| us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
567900000 | usd | |
| us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
732700000 | usd | |
| CY2023Q2 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
11.42 | |
| CY2022Q2 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
12.79 | |
| us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
20.64 | ||
| us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
25.29 | ||
| CY2023Q2 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
11.41 | |
| CY2022Q2 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
12.71 | |
| us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
20.60 | ||
| us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
25.17 | ||
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
297200000 | usd |
| CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
331300000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
525900000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
673500000 | usd | |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
27500000 | shares |
| CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28400000 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
27500000 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
29000000.0 | shares | |
| CY2023Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
100000 | shares |
| CY2022Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
200000 | shares |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
100000 | shares | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
100000 | shares | |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
27600000 | shares |
| CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28600000 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
27600000 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
29100000 | shares | |
| CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
10.79 | |
| CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
11.67 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
19.11 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
23.25 | ||
| CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
10.78 | |
| CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
11.60 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
19.08 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
23.15 | ||
| us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment | |
| CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
407000000.0 | usd |
| CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
468200000 | usd |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
721300000 | usd | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
938000000.0 | usd | |
| CY2023Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
| CY2023Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2023Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
| CY2023Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |
