$LECO
LINCOLN ELECTRIC HOLDINGS INC

2023 Q1 Form 10-Q Financial Statement

#000005952723000010 Filed on April 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1
Revenue $1.039B
YoY Change 12.31%
Cost Of Revenue $684.0M
YoY Change 14.83%
Gross Profit $355.4M
YoY Change 7.76%
Gross Profit Margin 34.19%
Selling, General & Admin $190.1M
YoY Change 14.06%
% of Gross Profit 53.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.30M
YoY Change 7.06%
% of Gross Profit 5.99%
Operating Expenses $190.1M
YoY Change 14.06%
Operating Profit $164.4M
YoY Change 1.96%
Interest Expense $14.06M
YoY Change 113.8%
% of Operating Profit 8.55%
Other Income/Expense, Net $4.209M
YoY Change -9.17%
Pretax Income $155.4M
YoY Change -2.67%
Income Tax $33.41M
% Of Pretax Income 21.51%
Net Earnings $121.9M
YoY Change -3.25%
Net Earnings / Revenue 11.73%
Basic Earnings Per Share $2.12
Diluted Earnings Per Share $2.09
COMMON SHARES
Basic Shares Outstanding 57.58M
Diluted Shares Outstanding 58.42M

Balance Sheet

Concept 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $198.8M
YoY Change 28.78%
Cash & Equivalents $198.8M
Short-Term Investments
Other Short-Term Assets $173.6M
YoY Change 10.27%
Inventory $664.6M
Prepaid Expenses
Receivables $573.5M
Other Receivables $0.00
Total Short-Term Assets $1.610B
YoY Change 12.79%
LONG-TERM ASSETS
Property, Plant & Equipment $553.4M
YoY Change 8.11%
Goodwill $679.4M
YoY Change 55.42%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $409.9M
YoY Change 14.02%
Total Long-Term Assets $1.643B
YoY Change 25.54%
TOTAL ASSETS
Total Short-Term Assets $1.610B
Total Long-Term Assets $1.643B
Total Assets $3.253B
YoY Change 18.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $361.2M
YoY Change -2.21%
Accrued Expenses $120.7M
YoY Change 0.41%
Deferred Revenue
YoY Change
Short-Term Debt $49.34M
YoY Change -67.23%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $835.9M
YoY Change -9.89%
LONG-TERM LIABILITIES
Long-Term Debt $1.111B
YoY Change 55.33%
Other Long-Term Liabilities $181.4M
YoY Change -21.34%
Total Long-Term Liabilities $1.292B
YoY Change 36.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $835.9M
Total Long-Term Liabilities $1.292B
Total Liabilities $2.128B
YoY Change 13.6%
SHAREHOLDERS EQUITY
Retained Earnings $3.388B
YoY Change 10.57%
Common Stock $507.9M
YoY Change 7.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.125B
YoY Change
Total Liabilities & Shareholders Equity $3.253B
YoY Change 18.89%

Cashflow Statement

Concept 2023 Q1
OPERATING ACTIVITIES
Net Income $121.9M
YoY Change -3.25%
Depreciation, Depletion And Amortization $21.30M
YoY Change 7.06%
Cash From Operating Activities $123.9M
YoY Change 187.61%
INVESTING ACTIVITIES
Capital Expenditures $18.79M
YoY Change -200.62%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $2.738M
YoY Change
Cash From Investing Activities -$16.05M
YoY Change -59.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $111.0K
YoY Change
Cash From Financing Activities -111.3M
YoY Change 174.2%
NET CHANGE
Cash From Operating Activities 123.9M
Cash From Investing Activities -16.05M
Cash From Financing Activities -111.3M
Net Change In Cash 1.653M
YoY Change -104.28%
FREE CASH FLOW
Cash From Operating Activities $123.9M
Capital Expenditures $18.79M
Free Cash Flow $105.1M
YoY Change 70.24%

Facts In Submission

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CY2023Q1 us-gaap Restructuring Settlement And Impairment Provisions
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CY2023Q1 us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax
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CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2023Q1 us-gaap Line Of Credit
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CY2022Q4 us-gaap Line Of Credit
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CY2023Q1 us-gaap Income Loss From Equity Method Investments
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CY2022Q1 us-gaap Income Loss From Equity Method Investments
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CY2023Q1 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
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CY2022Q1 us-gaap Defined Benefit Plan Other Costs
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CY2023Q1 us-gaap Other Nonoperating Income Expense
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CY2022Q1 us-gaap Other Nonoperating Income Expense
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CY2023Q1 us-gaap Nonoperating Income Expense
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CY2022Q1 us-gaap Nonoperating Income Expense
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CY2023Q1 us-gaap Gain Loss On Disposition Of Assets1
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CY2023Q1 us-gaap Income Tax Expense Benefit
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CY2023Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2023Q1 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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1287000
CY2023Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
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CY2023Q1 us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimate Of Time To Transfer1
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P12M
CY2023Q1 leco Supplier Finance Program Obligation Current
SupplierFinanceProgramObligationCurrent
27535000
CY2022Q4 leco Supplier Finance Program Obligation Current
SupplierFinanceProgramObligationCurrent
33475000

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