2024 Q3 Form 10-Q Financial Statement

#000103297524000046 Filed on July 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.116B $1.088B
YoY Change 5.58% 11.67%
Cost Of Revenue $622.0M
YoY Change 3.86%
Gross Profit $486.1M $466.3M
YoY Change 10.82% 24.12%
Gross Profit Margin 43.56% 42.85%
Selling, General & Admin $246.0M $234.4M
YoY Change 16.11% 6.3%
% of Gross Profit 50.62% 50.26%
Research & Development $76.21M $75.31M
YoY Change 11.15% 6.73%
% of Gross Profit 15.68% 16.15%
Depreciation & Amortization $14.51M
YoY Change -17.1%
% of Gross Profit 3.11%
Operating Expenses $325.2M $312.8M
YoY Change 15.32% 5.22%
Operating Profit $160.9M $153.5M
YoY Change 2.72% 95.78%
Interest Expense $14.64M $15.79M
YoY Change 23.46% 60.7%
% of Operating Profit 9.1% 10.29%
Other Income/Expense, Net $533.0K -$1.898M
YoY Change -151.05% -85.37%
Pretax Income $176.1M $167.4M
YoY Change 5.14% 122.42%
Income Tax $30.60M $25.60M
% Of Pretax Income 17.38% 15.29%
Net Earnings $145.5M $141.8M
YoY Change 6.1% 126.11%
Net Earnings / Revenue 13.04% 13.03%
Basic Earnings Per Share $0.95 $0.93
Diluted Earnings Per Share $0.95 $0.92
COMMON SHARES
Basic Shares Outstanding 152.8M shares 153.4M shares
Diluted Shares Outstanding 153.7M shares 155.0M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.534B
YoY Change 22.64%
Cash & Equivalents $1.363B $1.534B
Short-Term Investments
Other Short-Term Assets $146.5M $141.4M
YoY Change 5.8% 26.75%
Inventory $520.5M $459.6M
Prepaid Expenses
Receivables $629.3M $591.3M
Other Receivables $34.55M
Total Short-Term Assets $2.660B $2.727B
YoY Change 6.71% 9.17%
LONG-TERM ASSETS
Property, Plant & Equipment $112.4M $113.3M
YoY Change -7.92% -10.79%
Goodwill $463.7M $462.0M
YoY Change 0.5% 1.78%
Intangibles $34.81M $39.49M
YoY Change -40.07% -31.0%
Long-Term Investments $18.60M $18.80M
YoY Change 0.54% 2.17%
Other Assets $374.1M $343.5M
YoY Change 28.41% 12.94%
Total Long-Term Assets $984.9M $958.3M
YoY Change 5.59% 1.7%
TOTAL ASSETS
Total Short-Term Assets $2.660B $2.727B
Total Long-Term Assets $984.9M $958.3M
Total Assets $3.644B $3.685B
YoY Change 6.41% 7.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $555.5M $554.3M
YoY Change 12.7% 43.38%
Accrued Expenses $646.8M $586.2M
YoY Change 8.89% 2.74%
Deferred Revenue $23.10M $21.13M
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.202B $1.140B
YoY Change 10.61% 19.15%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $204.5M $179.1M
YoY Change 39.51% 20.43%
Total Long-Term Liabilities $204.5M $179.1M
YoY Change 39.51% 20.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.202B $1.140B
Total Long-Term Liabilities $204.5M $179.1M
Total Liabilities $1.533B $1.436B
YoY Change 13.71% 18.3%
SHAREHOLDERS EQUITY
Retained Earnings $3.627B $3.696B
YoY Change 13.69% 14.05%
Common Stock $72.27M $57.04M
YoY Change 52.75% 14.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.112B $2.249B
YoY Change
Total Liabilities & Shareholders Equity $3.644B $3.685B
YoY Change 6.41% 7.12%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $145.5M $141.8M
YoY Change 6.1% 126.11%
Depreciation, Depletion And Amortization $14.51M
YoY Change -17.1%
Cash From Operating Activities $176.0M
YoY Change -26.59%
INVESTING ACTIVITIES
Capital Expenditures $14.59M
YoY Change -10.17%
Acquisitions
YoY Change
Other Investing Activities $816.0K
YoY Change -35.24%
Cash From Investing Activities -$15.36M
YoY Change -12.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$145.1M
YoY Change 23.88%
NET CHANGE
Cash From Operating Activities $176.0M
Cash From Investing Activities -$15.36M
Cash From Financing Activities -$145.1M
Net Change In Cash $13.54M
YoY Change -86.74%
FREE CASH FLOW
Cash From Operating Activities $176.0M
Capital Expenditures $14.59M
Free Cash Flow $161.4M
YoY Change -27.78%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="text-align:justify;text-indent:22.5pt"><span><br/></span></div><div style="text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make judgments, estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Management bases its estimates on historical experience and various other assumptions believed to be reasonable. Significant estimates and assumptions made by management involve the fair value of goodwill and intangible assets acquired from business acquisitions, valuation of investment in privately held companies classified under Level 3 fair value hierarchy, pension obligations, accruals for customer incentives, cooperative marketing, and pricing programs and related breakage when appropriate, inventory valuation, share-based compensation expense, uncertain tax positions, and valuation allowances for deferred tax assets. Although these estimates are based on management’s best knowledge of current events and actions that may impact the Company in the future, actual results could differ materially from those estimates.</span></div>
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9600000 usd
CY2023Q2 logi Non Financial Asset Impairment Charges
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CY2024Q2 logi Non Financial Asset Impairment Charges
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461978000 usd
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25000 usd
CY2024Q2 us-gaap Goodwill
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462003000 usd
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CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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163276000 usd
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44603000 usd
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CY2023Q2 logi Stock Repurchase Program Threshold Maximum Shares Available For Purchase
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5600000 shares
CY2024Q2 logi Treasury Stock Shares Acquired For Equity Incentive Plans Or Potential Acquisitions
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14500000 shares
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