2024 Q3 Form 10-Q Financial Statement

#000075000424000045 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $817.0M $818.0M
YoY Change 11.76% 11.9%
Cost Of Revenue $246.0M $236.0M
YoY Change 12.84% 8.26%
Gross Profit $571.0M $582.0M
YoY Change 11.31% 13.45%
Gross Profit Margin 69.89% 71.15%
Selling, General & Admin $220.0M $220.0M
YoY Change 7.84% 8.37%
% of Gross Profit 38.53% 37.8%
Research & Development $66.00M $66.00M
YoY Change 20.0% 13.79%
% of Gross Profit 11.56% 11.34%
Depreciation & Amortization $90.00M $87.00M
YoY Change 0.0% -19.44%
% of Gross Profit 15.76% 14.95%
Operating Expenses $286.0M $286.0M
YoY Change 10.42% -22.49%
Operating Profit $159.0M $175.0M
YoY Change 8.16% 21.53%
Interest Expense -$73.00M -$75.00M
YoY Change -193.59% -3.85%
% of Operating Profit -45.91% -42.86%
Other Income/Expense, Net -$3.000M $8.000M
YoY Change -107.5% -153.33%
Pretax Income $81.00M $108.0M
YoY Change -13.83% 440.0%
Income Tax $17.00M $26.00M
% Of Pretax Income 20.99% 24.07%
Net Earnings $64.00M $82.00M
YoY Change -14.67% -8300.0%
Net Earnings / Revenue 7.83% 10.02%
Basic Earnings Per Share $0.72 $0.92
Diluted Earnings Per Share $0.71 $0.90
COMMON SHARES
Basic Shares Outstanding 88.72M shares 90.14M shares
Diluted Shares Outstanding 91.00M shares 92.00M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $347.0M $321.0M
YoY Change -61.05% -64.69%
Cash & Equivalents $347.0M $321.0M
Short-Term Investments
Other Short-Term Assets $134.0M $183.0M
YoY Change -10.07% 51.24%
Inventory $183.0M $186.0M
Prepaid Expenses
Receivables $580.0M $575.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.279B $1.289B
YoY Change -25.64% -25.71%
LONG-TERM ASSETS
Property, Plant & Equipment $281.0M $269.0M
YoY Change 22.71% 4.67%
Goodwill $2.954B $2.925B
YoY Change 1.76% -0.17%
Intangibles $494.0M $529.0M
YoY Change -22.57% -22.43%
Long-Term Investments
YoY Change
Other Assets $59.00M $73.00M
YoY Change -20.27% -62.18%
Total Long-Term Assets $4.317B $4.249B
YoY Change 3.6% 0.52%
TOTAL ASSETS
Total Short-Term Assets $1.279B $1.289B
Total Long-Term Assets $4.317B $4.249B
Total Assets $5.596B $5.538B
YoY Change -4.94% -7.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0M $277.0M
YoY Change 23.46% 61.99%
Accrued Expenses $429.0M $362.0M
YoY Change 6.45% -2.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $23.00M $22.00M
YoY Change 4.55% -4.35%
Total Short-Term Liabilities $680.0M $696.0M
YoY Change 9.85% 20.62%
LONG-TERM LIABILITIES
Long-Term Debt $3.850B $3.849B
YoY Change -0.13% -0.36%
Other Long-Term Liabilities $155.0M $157.0M
YoY Change -20.1% -34.85%
Total Long-Term Liabilities $155.0M $157.0M
YoY Change -20.1% -96.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $680.0M $696.0M
Total Long-Term Liabilities $155.0M $157.0M
Total Liabilities $4.738B $4.752B
YoY Change -0.06% -3.3%
SHAREHOLDERS EQUITY
Retained Earnings $908.0M $844.0M
YoY Change 48.12% 56.88%
Common Stock $1.182B $1.175B
YoY Change -15.69% -15.28%
Preferred Stock
YoY Change
Treasury Stock (at cost) $972.0M $927.0M
YoY Change 33.88% 51.22%
Treasury Stock Shares
Shareholders Equity $858.0M $786.0M
YoY Change
Total Liabilities & Shareholders Equity $5.596B $5.538B
YoY Change -4.94% -7.11%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $64.00M $82.00M
YoY Change -14.67% -8300.0%
Depreciation, Depletion And Amortization $90.00M $87.00M
YoY Change 0.0% -19.44%
Cash From Operating Activities $118.0M $141.0M
YoY Change -42.16% 314.71%
INVESTING ACTIVITIES
Capital Expenditures $71.00M $87.00M
YoY Change 1.43% 47.46%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$71.00M -$87.00M
YoY Change -1.39% 42.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -65.00M -185.0M
YoY Change -55.48% 362.5%
NET CHANGE
Cash From Operating Activities 118.0M 141.0M
Cash From Investing Activities -71.00M -87.00M
Cash From Financing Activities -65.00M -185.0M
Net Change In Cash -18.00M -131.0M
YoY Change 28.57% 95.52%
FREE CASH FLOW
Cash From Operating Activities $118.0M $141.0M
Capital Expenditures $71.00M $87.00M
Free Cash Flow $47.00M $54.00M
YoY Change -64.93% -316.0%

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