2023 Q4 Form 10-Q Financial Statement

#000106569623000102 Filed on October 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $3.501B $3.568B
YoY Change 16.66% 14.95%
Cost Of Revenue $2.102B $2.178B
YoY Change 18.22% 19.15%
Gross Profit $1.399B $1.390B
YoY Change 14.39% 8.93%
Gross Profit Margin 39.96% 38.96%
Selling, General & Admin $1.022B $979.0M
YoY Change 18.7% 13.7%
% of Gross Profit 73.05% 70.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.0M $84.00M
YoY Change 49.25% 31.25%
% of Gross Profit 7.15% 6.04%
Operating Expenses $1.110B $979.0M
YoY Change 20.65% 6.53%
Operating Profit $289.0M $308.0M
YoY Change -4.62% -13.73%
Interest Expense -$64.00M -$62.00M
YoY Change 100.0% 264.71%
% of Operating Profit -22.15% -20.13%
Other Income/Expense, Net $9.000M -$45.00M
YoY Change -18.18% -850.0%
Pretax Income $222.0M $263.0M
YoY Change -18.38% -24.21%
Income Tax $43.00M $60.00M
% Of Pretax Income 19.37% 22.81%
Net Earnings $177.0M $208.0M
YoY Change -8.76% -20.61%
Net Earnings / Revenue 5.06% 5.83%
Basic Earnings Per Share $0.78
Diluted Earnings Per Share $0.66 $0.78
COMMON SHARES
Basic Shares Outstanding 267.6M shares 267.6M shares
Diluted Shares Outstanding 268.4M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $299.0M $401.0M
YoY Change 7.55% 49.07%
Cash & Equivalents $299.0M $401.0M
Short-Term Investments
Other Short-Term Assets $283.0M $586.0M
YoY Change 23.04% 137.25%
Inventory $3.121B $2.998B
Prepaid Expenses
Receivables $1.165B $1.301B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.868B $5.286B
YoY Change 14.33% 25.8%
LONG-TERM ASSETS
Property, Plant & Equipment $1.516B $1.427B
YoY Change 22.65% -39.59%
Goodwill $5.600B $5.548B
YoY Change 29.66% 34.27%
Intangibles $1.313B $1.176B
YoY Change 101.07% 87.86%
Long-Term Investments $159.0M $158.0M
YoY Change 12.77% 8.22%
Other Assets $287.0M $265.0M
YoY Change 40.69% 33.84%
Total Long-Term Assets $10.21B $9.882B
YoY Change 31.25% 32.4%
TOTAL ASSETS
Total Short-Term Assets $4.868B $5.286B
Total Long-Term Assets $10.21B $9.882B
Total Assets $15.08B $15.17B
YoY Change 25.26% 30.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.648B $1.723B
YoY Change 23.08% 27.06%
Accrued Expenses $309.0M $363.0M
YoY Change 5.1% -49.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $596.0M $574.0M
YoY Change 1652.94% 1048.0%
Total Short-Term Liabilities $3.318B $3.559B
YoY Change 46.1% 51.38%
LONG-TERM LIABILITIES
Long-Term Debt $3.655B $3.763B
YoY Change 39.4% 57.45%
Other Long-Term Liabilities $314.0M $289.0M
YoY Change 10.95% -79.03%
Total Long-Term Liabilities $314.0M $289.0M
YoY Change 10.95% -92.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.318B $3.559B
Total Long-Term Liabilities $314.0M $289.0M
Total Liabilities $3.632B $3.848B
YoY Change 42.21% -39.91%
SHAREHOLDERS EQUITY
Retained Earnings $7.290B $7.194B
YoY Change 9.53% 10.07%
Common Stock $1.541B $1.530B
YoY Change 2.12% 1.86%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.424B $2.394B
YoY Change 1.47% 7.02%
Treasury Stock Shares
Shareholders Equity $6.167B $5.958B
YoY Change
Total Liabilities & Shareholders Equity $15.08B $15.17B
YoY Change 25.26% 30.02%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $177.0M $208.0M
YoY Change -8.76% -20.61%
Depreciation, Depletion And Amortization $100.0M $84.00M
YoY Change 49.25% 31.25%
Cash From Operating Activities $212.0M $441.0M
YoY Change -11.67% 61.54%
INVESTING ACTIVITIES
Capital Expenditures $125.0M $97.00M
YoY Change 68.92% -297.96%
Acquisitions
YoY Change
Other Investing Activities $72.00M -$2.107B
YoY Change 3500.0% -7625.0%
Cash From Investing Activities -$53.00M -$2.204B
YoY Change -26.39% 10395.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -289.0M 292.0M
YoY Change 63.28% -225.86%
NET CHANGE
Cash From Operating Activities 212.0M 441.0M
Cash From Investing Activities -53.00M -2.204B
Cash From Financing Activities -289.0M 292.0M
Net Change In Cash -130.0M -1.471B
YoY Change 1344.44% -7455.0%
FREE CASH FLOW
Cash From Operating Activities $212.0M $441.0M
Capital Expenditures $125.0M $97.00M
Free Cash Flow $87.00M $344.0M
YoY Change -47.59% 6.83%

Facts In Submission

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CY2023Q3 ecd Rule10b51 Arr Adopted Flag
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