2024 Q3 Form 10-Q Financial Statement

#000106569624000112 Filed on July 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $3.584B $3.711B
YoY Change 0.45% 7.63%
Cost Of Revenue $2.191B $2.270B
YoY Change 0.6% 11.6%
Gross Profit $1.393B $1.441B
YoY Change 0.22% 1.91%
Gross Profit Margin 38.87% 38.83%
Selling, General & Admin $971.0M $976.0M
YoY Change -0.82% 4.05%
% of Gross Profit 69.71% 67.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.0M $100.0M
YoY Change 19.05% 42.86%
% of Gross Profit 7.18% 6.94%
Operating Expenses $971.0M $976.0M
YoY Change -0.82% 4.05%
Operating Profit $310.0M $329.0M
YoY Change 0.65% -19.16%
Interest Expense -$66.00M -$66.00M
YoY Change 6.45% 26.92%
% of Operating Profit -21.29% -20.06%
Other Income/Expense, Net -$58.00M -$63.00M
YoY Change 28.89% 250.0%
Pretax Income $252.0M $266.0M
YoY Change -4.18% -31.62%
Income Tax $63.00M $82.00M
% Of Pretax Income 25.0% 30.83%
Net Earnings $192.0M $186.0M
YoY Change -7.69% -34.04%
Net Earnings / Revenue 5.36% 5.01%
Basic Earnings Per Share $0.73 $0.70
Diluted Earnings Per Share $0.73 $0.70
COMMON SHARES
Basic Shares Outstanding 263.3M shares 266.8M shares
Diluted Shares Outstanding 262.6M shares 265.6M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $353.0M $276.0M
YoY Change -11.97% -85.5%
Cash & Equivalents $353.0M $276.0M
Short-Term Investments
Other Short-Term Assets $319.0M $385.0M
YoY Change -45.56% 22.61%
Inventory $3.132B $3.064B
Prepaid Expenses
Receivables $1.341B $1.360B
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.145B $5.085B
YoY Change -2.67% -17.4%
LONG-TERM ASSETS
Property, Plant & Equipment $1.574B $1.509B
YoY Change 10.3% 16.26%
Goodwill $5.629B $5.530B
YoY Change 1.46% 25.68%
Intangibles $1.228B $1.233B
YoY Change 4.42% 90.28%
Long-Term Investments $159.0M $157.0M
YoY Change 0.63% 1.29%
Other Assets $350.0M $333.0M
YoY Change 32.08% 50.68%
Total Long-Term Assets $10.32B $10.13B
YoY Change 4.44% 26.59%
TOTAL ASSETS
Total Short-Term Assets $5.145B $5.085B
Total Long-Term Assets $10.32B $10.13B
Total Assets $15.47B $15.21B
YoY Change 1.96% 7.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.814B $1.764B
YoY Change 5.28% 19.59%
Accrued Expenses $397.0M $353.0M
YoY Change 9.37% 2.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $44.00M $44.00M
YoY Change -92.33% -92.4%
Total Short-Term Liabilities $2.990B $2.904B
YoY Change -15.99% -4.1%
LONG-TERM LIABILITIES
Long-Term Debt $4.292B $4.253B
YoY Change 14.06% 24.32%
Other Long-Term Liabilities $320.0M $306.0M
YoY Change 10.73% 8.13%
Total Long-Term Liabilities $320.0M $306.0M
YoY Change 10.73% 8.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.990B $2.904B
Total Long-Term Liabilities $320.0M $306.0M
Total Liabilities $3.310B $3.210B
YoY Change -13.98% -3.05%
SHAREHOLDERS EQUITY
Retained Earnings $7.584B $7.472B
YoY Change 5.42% 5.85%
Common Stock $1.551B $1.550B
YoY Change 1.37% 1.77%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.706B $2.580B
YoY Change 13.03% 7.77%
Treasury Stock Shares
Shareholders Equity $6.234B $6.129B
YoY Change
Total Liabilities & Shareholders Equity $15.47B $15.21B
YoY Change 1.96% 7.46%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $192.0M $186.0M
YoY Change -7.69% -34.04%
Depreciation, Depletion And Amortization $100.0M $100.0M
YoY Change 19.05% 42.86%
Cash From Operating Activities $420.0M $213.0M
YoY Change -4.76% -55.63%
INVESTING ACTIVITIES
Capital Expenditures $79.00M $80.00M
YoY Change -18.56% 21.21%
Acquisitions
YoY Change
Other Investing Activities -$43.00M -$10.00M
YoY Change -97.96% -54.55%
Cash From Investing Activities -$122.0M -$90.00M
YoY Change -94.46% 2.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -240.0M -163.0M
YoY Change -182.19% -113.99%
NET CHANGE
Cash From Operating Activities 420.0M 213.0M
Cash From Investing Activities -122.0M -90.00M
Cash From Financing Activities -240.0M -163.0M
Net Change In Cash 58.00M -40.00M
YoY Change -103.94% -102.57%
FREE CASH FLOW
Cash From Operating Activities $420.0M $213.0M
Capital Expenditures $79.00M $80.00M
Free Cash Flow $341.0M $133.0M
YoY Change -0.87% -67.87%

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