2023 Q3 Form 10-Q Financial Statement

#000106569623000064 Filed on July 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $3.568B $3.448B
YoY Change 14.95% 3.2%
Cost Of Revenue $2.178B $2.034B
YoY Change 19.15% 3.04%
Gross Profit $1.390B $1.414B
YoY Change 8.93% 3.44%
Gross Profit Margin 38.96% 41.01%
Selling, General & Admin $979.0M $938.0M
YoY Change 13.7% 4.45%
% of Gross Profit 70.43% 66.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $84.00M $70.00M
YoY Change 31.25% 2.94%
% of Gross Profit 6.04% 4.95%
Operating Expenses $979.0M $938.0M
YoY Change 6.53% 4.45%
Operating Profit $308.0M $407.0M
YoY Change -13.73% -27.19%
Interest Expense -$62.00M -$52.00M
YoY Change 264.71% 271.43%
% of Operating Profit -20.13% -12.78%
Other Income/Expense, Net -$45.00M -$18.00M
YoY Change -850.0% 12.5%
Pretax Income $263.0M $389.0M
YoY Change -24.21% -28.36%
Income Tax $60.00M $109.0M
% Of Pretax Income 22.81% 28.02%
Net Earnings $208.0M $282.0M
YoY Change -20.61% -32.86%
Net Earnings / Revenue 5.83% 8.18%
Basic Earnings Per Share $0.78 $1.05
Diluted Earnings Per Share $0.78 $1.05
COMMON SHARES
Basic Shares Outstanding 267.6M shares 267.3M shares
Diluted Shares Outstanding 268.4M shares 268.2M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $401.0M $1.904B
YoY Change 49.07% 618.49%
Cash & Equivalents $401.0M $1.904B
Short-Term Investments
Other Short-Term Assets $586.0M $314.0M
YoY Change 137.25% 23.14%
Inventory $2.998B $2.681B
Prepaid Expenses
Receivables $1.301B $1.257B
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.286B $6.156B
YoY Change 25.8% 42.14%
LONG-TERM ASSETS
Property, Plant & Equipment $1.427B $1.298B
YoY Change -39.59% 6.66%
Goodwill $5.548B $4.400B
YoY Change 34.27% 2.56%
Intangibles $1.176B $648.0M
YoY Change 87.86% -3.14%
Long-Term Investments $158.0M $155.0M
YoY Change 8.22% 0.65%
Other Assets $265.0M $221.0M
YoY Change 33.84% 7.8%
Total Long-Term Assets $9.882B $7.999B
YoY Change 32.4% 2.51%
TOTAL ASSETS
Total Short-Term Assets $5.286B $6.156B
Total Long-Term Assets $9.882B $7.999B
Total Assets $15.17B $14.16B
YoY Change 30.02% 16.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.723B $1.475B
YoY Change 27.06% 1.24%
Accrued Expenses $363.0M $343.0M
YoY Change -49.16% 1.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $574.0M $579.0M
YoY Change 1048.0% 1131.91%
Total Short-Term Liabilities $3.559B $3.028B
YoY Change 51.38% 21.85%
LONG-TERM LIABILITIES
Long-Term Debt $3.763B $3.421B
YoY Change 57.45% 47.9%
Other Long-Term Liabilities $289.0M $283.0M
YoY Change -79.03% -12.65%
Total Long-Term Liabilities $289.0M $283.0M
YoY Change -92.33% -12.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.559B $3.028B
Total Long-Term Liabilities $289.0M $283.0M
Total Liabilities $3.848B $3.311B
YoY Change -39.91% 17.87%
SHAREHOLDERS EQUITY
Retained Earnings $7.194B $7.059B
YoY Change 10.07% 11.27%
Common Stock $1.530B $1.523B
YoY Change 1.86% 1.87%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.394B $2.394B
YoY Change 7.02% 26.4%
Treasury Stock Shares
Shareholders Equity $5.958B $5.953B
YoY Change
Total Liabilities & Shareholders Equity $15.17B $14.16B
YoY Change 30.02% 16.66%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $208.0M $282.0M
YoY Change -20.61% -32.86%
Depreciation, Depletion And Amortization $84.00M $70.00M
YoY Change 31.25% 2.94%
Cash From Operating Activities $441.0M $480.0M
YoY Change 61.54% 46.34%
INVESTING ACTIVITIES
Capital Expenditures $97.00M $66.00M
YoY Change -297.96% -265.0%
Acquisitions
YoY Change
Other Investing Activities -$2.107B -$22.00M
YoY Change -7625.0% -105.98%
Cash From Investing Activities -$2.204B -$88.00M
YoY Change 10395.24% -126.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 292.0M 1.165B
YoY Change -225.86% -264.78%
NET CHANGE
Cash From Operating Activities 441.0M 480.0M
Cash From Investing Activities -2.204B -88.00M
Cash From Financing Activities 292.0M 1.165B
Net Change In Cash -1.471B 1.557B
YoY Change -7455.0% -3152.94%
FREE CASH FLOW
Cash From Operating Activities $441.0M $480.0M
Capital Expenditures $97.00M $66.00M
Free Cash Flow $344.0M $414.0M
YoY Change 6.83% 12.5%

Facts In Submission

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