2024 Q3 Form 10-Q Financial Statement

#000102312824000104 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $9.221B $9.232B
YoY Change 11.41% 13.81%
Cost Of Revenue $7.790B $7.801B
YoY Change 12.8% 15.65%
Gross Profit $1.431B $1.431B
YoY Change 4.38% 4.74%
Gross Profit Margin 15.52% 15.5%
Selling, General & Admin $943.7M $973.4M
YoY Change 10.92% 16.06%
% of Gross Profit 65.93% 68.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $63.50M $62.30M
YoY Change 15.66% 28.72%
% of Gross Profit 4.44% 4.35%
Operating Expenses $1.007B $1.036B
YoY Change 18.38% 16.75%
Operating Profit $424.1M $395.4M
YoY Change -8.85% -17.5%
Interest Expense -$141.1M -$137.8M
YoY Change 43.98% 72.68%
% of Operating Profit -33.27% -34.85%
Other Income/Expense, Net $5.100M $27.00M
YoY Change -196.23% 145.45%
Pretax Income $288.2M $282.8M
YoY Change -20.23% -30.52%
Income Tax $65.30M $66.20M
% Of Pretax Income 22.66% 23.41%
Net Earnings $209.1M $214.2M
YoY Change -20.04% -27.93%
Net Earnings / Revenue 2.27% 2.32%
Basic Earnings Per Share $7.82 $7.88
Diluted Earnings Per Share $7.80 $7.88
COMMON SHARES
Basic Shares Outstanding 26.74M shares 27.41M shares
Diluted Shares Outstanding 26.80M shares 27.20M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $209.8M $516.4M
YoY Change -18.05% 158.59%
Cash & Equivalents $209.8M $516.4M
Short-Term Investments
Other Short-Term Assets $224.0M $194.8M
YoY Change 41.59% 48.93%
Inventory $6.100B $6.243B
Prepaid Expenses
Receivables $1.209B $1.243B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.893B $8.355B
YoY Change 35.66% 52.08%
LONG-TERM ASSETS
Property, Plant & Equipment $5.387B $5.339B
YoY Change 21.87% 36.64%
Goodwill $2.126B $2.118B
YoY Change 23.22% 31.54%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.515B $1.200B
YoY Change 43.44% -32.27%
Total Long-Term Assets $15.37B $14.85B
YoY Change 23.43% 21.83%
TOTAL ASSETS
Total Short-Term Assets $7.893B $8.355B
Total Long-Term Assets $15.37B $14.85B
Total Assets $23.26B $23.21B
YoY Change 27.32% 31.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $301.3M $380.4M
YoY Change -1.95% 27.78%
Accrued Expenses $1.120B $1.198B
YoY Change 28.38% 39.53%
Deferred Revenue
YoY Change
Short-Term Debt $5.120B $5.288B
YoY Change 63.83% 87.72%
Long-Term Debt Due $123.5M $154.3M
YoY Change 73.94% 104.64%
Total Short-Term Liabilities $6.664B $7.020B
YoY Change 52.31% 73.41%
LONG-TERM LIABILITIES
Long-Term Debt $8.173B $8.034B
YoY Change 24.03% 21.49%
Other Long-Term Liabilities $304.3M $287.6M
YoY Change 25.07% -76.41%
Total Long-Term Liabilities $304.3M $287.6M
YoY Change 25.07% -96.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.664B $7.020B
Total Long-Term Liabilities $304.3M $287.6M
Total Liabilities $16.63B $16.77B
YoY Change 36.31% 41.13%
SHAREHOLDERS EQUITY
Retained Earnings $5.557B $5.362B
YoY Change 15.44% 17.43%
Common Stock $972.6M $1.004B
YoY Change -18.79% -14.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.605B $6.368B
YoY Change
Total Liabilities & Shareholders Equity $23.26B $23.21B
YoY Change 27.32% 31.23%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $209.1M $214.2M
YoY Change -20.04% -27.93%
Depreciation, Depletion And Amortization $63.50M $62.30M
YoY Change 15.66% 28.72%
Cash From Operating Activities $219.3M -$148.4M
YoY Change 80.49% -40.57%
INVESTING ACTIVITIES
Capital Expenditures $62.20M $130.1M
YoY Change -6.61% 123.54%
Acquisitions
YoY Change
Other Investing Activities -$243.5M -$119.1M
YoY Change 40.35% -77.45%
Cash From Investing Activities -$305.7M -$249.2M
YoY Change 27.32% -57.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -237.4M 672.6M
YoY Change -233.0% -8.94%
NET CHANGE
Cash From Operating Activities 219.3M -148.4M
Cash From Investing Activities -305.7M -249.2M
Cash From Financing Activities -237.4M 672.6M
Net Change In Cash -323.8M 275.0M
YoY Change -640.57% -382.34%
FREE CASH FLOW
Cash From Operating Activities $219.3M -$148.4M
Capital Expenditures $62.20M $130.1M
Free Cash Flow $157.1M -$278.5M
YoY Change 186.16% -9.55%

Facts In Submission

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<div><span style="color:#00497f;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications of amounts previously reported have been made to the accompanying Consolidated Financial Statements to maintain consistency and comparability between periods presented. Within our financing operations income, we disaggregated our “lease income” out of our previously reported “interest, fee, and lease income” to be its own separately presented line item.</span></div>
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CY2024Q2 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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CY2024Q2 lad Net Investment In Operating Leases Gross
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CY2024Q2 us-gaap Business Acquisitions Pro Forma Revenue
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CY2024Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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407000000.0 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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503300000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
721300000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
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Rule10b51ArrTrmntdFlag
false
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false

Files In Submission

Name View Source Status
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