2024 Q2 Form 10-Q Financial Statement

#000075000424000028 Filed on May 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $818.0M $756.0M
YoY Change 11.9% 12.84%
Cost Of Revenue $236.0M $219.0M
YoY Change 8.26% 8.42%
Gross Profit $582.0M $537.0M
YoY Change 13.45% 14.74%
Gross Profit Margin 71.15% 71.03%
Selling, General & Admin $220.0M $218.0M
YoY Change 8.37% 13.54%
% of Gross Profit 37.8% 40.6%
Research & Development $66.00M $62.00M
YoY Change 13.79% 14.81%
% of Gross Profit 11.34% 11.55%
Depreciation & Amortization $87.00M $86.00M
YoY Change -19.44% -14.85%
% of Gross Profit 14.95% 16.01%
Operating Expenses $286.0M $280.0M
YoY Change -22.49% 13.82%
Operating Profit $175.0M $165.0M
YoY Change 21.53% 61.76%
Interest Expense -$75.00M -$75.00M
YoY Change -3.85% -200.0%
% of Operating Profit -42.86% -45.45%
Other Income/Expense, Net $8.000M $10.00M
YoY Change -153.33% -1100.0%
Pretax Income $108.0M $100.0M
YoY Change 440.0% 284.62%
Income Tax $26.00M $18.00M
% Of Pretax Income 24.07% 18.0%
Net Earnings $82.00M $82.00M
YoY Change -8300.0% 272.73%
Net Earnings / Revenue 10.02% 10.85%
Basic Earnings Per Share $0.92 $0.91
Diluted Earnings Per Share $0.90 $0.88
COMMON SHARES
Basic Shares Outstanding 90.14M shares 89.83M shares
Diluted Shares Outstanding 92.00M shares 92.00M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $321.0M $450.0M
YoY Change -64.69% -51.66%
Cash & Equivalents $321.0M $450.0M
Short-Term Investments
Other Short-Term Assets $183.0M $187.0M
YoY Change 51.24% 7.47%
Inventory $186.0M $175.0M
Prepaid Expenses
Receivables $575.0M $504.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.289B $1.340B
YoY Change -25.71% -23.95%
LONG-TERM ASSETS
Property, Plant & Equipment $269.0M $246.0M
YoY Change 4.67% 14.95%
Goodwill $2.925B $2.925B
YoY Change -0.17% 0.1%
Intangibles $529.0M $568.0M
YoY Change -22.43% -23.55%
Long-Term Investments
YoY Change
Other Assets $73.00M $72.00M
YoY Change -62.18% 18.03%
Total Long-Term Assets $4.249B $4.248B
YoY Change 0.52% -0.28%
TOTAL ASSETS
Total Short-Term Assets $1.289B $1.340B
Total Long-Term Assets $4.249B $4.248B
Total Assets $5.538B $5.588B
YoY Change -7.11% -7.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $277.0M $211.0M
YoY Change 61.99% 11.64%
Accrued Expenses $362.0M $381.0M
YoY Change -2.43% 5.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $22.00M $22.00M
YoY Change -4.35% -4.35%
Total Short-Term Liabilities $696.0M $677.0M
YoY Change 20.62% 5.45%
LONG-TERM LIABILITIES
Long-Term Debt $3.849B $3.852B
YoY Change -0.36% -0.39%
Other Long-Term Liabilities $157.0M $170.0M
YoY Change -34.85% -23.77%
Total Long-Term Liabilities $157.0M $170.0M
YoY Change -96.17% -23.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $696.0M $677.0M
Total Long-Term Liabilities $157.0M $170.0M
Total Liabilities $4.752B $4.753B
YoY Change -3.3% -1.76%
SHAREHOLDERS EQUITY
Retained Earnings $844.0M $762.0M
YoY Change 56.88% 41.37%
Common Stock $1.175B $1.154B
YoY Change -15.28% -16.86%
Preferred Stock
YoY Change
Treasury Stock (at cost) $927.0M $776.0M
YoY Change 51.22% 27.63%
Treasury Stock Shares
Shareholders Equity $786.0M $835.0M
YoY Change
Total Liabilities & Shareholders Equity $5.538B $5.588B
YoY Change -7.11% -7.21%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $82.00M $82.00M
YoY Change -8300.0% 272.73%
Depreciation, Depletion And Amortization $87.00M $86.00M
YoY Change -19.44% -14.85%
Cash From Operating Activities $141.0M $171.0M
YoY Change 314.71% -7.57%
INVESTING ACTIVITIES
Capital Expenditures $87.00M $66.00M
YoY Change 47.46% 24.53%
Acquisitions
YoY Change
Other Investing Activities $0.00 $5.000M
YoY Change -100.0% 400.0%
Cash From Investing Activities -$87.00M -$71.00M
YoY Change 42.62% 24.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -185.0M -$65.00M
YoY Change 362.5% 0.0%
NET CHANGE
Cash From Operating Activities 141.0M $171.0M
Cash From Investing Activities -87.00M -$71.00M
Cash From Financing Activities -185.0M -$65.00M
Net Change In Cash -131.0M $32.00M
YoY Change 95.52% -49.21%
FREE CASH FLOW
Cash From Operating Activities $141.0M $171.0M
Capital Expenditures $87.00M $66.00M
Free Cash Flow $54.00M $105.0M
YoY Change -316.0% -20.45%

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