2024 Q3 Form 10-Q Financial Statement

#000162828024035537 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024 Q1
Revenue $722.0M $814.0M $724.0M
YoY Change -0.82% 33.22% 23.97%
Cost Of Revenue $530.0M $551.0M $511.0M
YoY Change 3.11% 11.99% 5.8%
Gross Profit $193.0M $263.0M $214.0M
YoY Change -9.81% 121.01% 111.88%
Gross Profit Margin 26.73% 32.31% 29.56%
Selling, General & Admin $75.00M $71.00M $69.00M
YoY Change 29.31% 7.58% 4.55%
% of Gross Profit 38.86% 27.0% 32.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.00M $31.00M $31.00M
YoY Change 3.33% 6.9% 10.71%
% of Gross Profit 16.06% 11.79% 14.49%
Operating Expenses $75.00M $71.00M $69.00M
YoY Change 29.31% 7.58% 4.55%
Operating Profit $116.0M $194.0M $145.0M
YoY Change -27.95% 266.04% 383.33%
Interest Expense $4.000M $4.000M $4.000M
YoY Change 0.0% -144.44% 33.33%
% of Operating Profit 3.45% 2.06% 2.76%
Other Income/Expense, Net -$4.000M $5.000M $1.000M
YoY Change -66.67%
Pretax Income $113.0M $201.0M $148.0M
YoY Change -29.38% -20200.0% 543.48%
Income Tax $23.00M $53.00M $41.00M
% Of Pretax Income 20.35% 26.37% 27.7%
Net Earnings $90.00M $160.0M $108.0M
YoY Change -23.73% -900.0% 414.29%
Net Earnings / Revenue 12.47% 19.66% 14.92%
Basic Earnings Per Share $1.28 $2.23 $1.49
Diluted Earnings Per Share $1.28 $2.23 $1.48
COMMON SHARES
Basic Shares Outstanding 70.28M shares 71.67M shares 72.25M shares
Diluted Shares Outstanding 71.00M shares 72.00M shares 72.00M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $346.0M $317.0M $244.0M
YoY Change 116.25% 346.48% 93.65%
Cash & Equivalents $346.0M $317.0M $244.0M
Short-Term Investments
Other Short-Term Assets $31.00M $32.00M $20.00M
YoY Change 24.0% 52.38% -16.67%
Inventory $372.0M $373.0M $398.0M
Prepaid Expenses $30.00M $32.00M $19.00M
Receivables $136.0M $161.0M $180.0M
Other Receivables $0.00 $26.00M $34.00M
Total Short-Term Assets $885.0M $883.0M $842.0M
YoY Change 18.79% 31.59% 18.09%
LONG-TERM ASSETS
Property, Plant & Equipment $1.567B $1.542B $1.533B
YoY Change 3.64% 0.46% 9.74%
Goodwill $19.00M $19.00M $19.00M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $18.00M $1.000M $6.000M
YoY Change 200.0% -83.33% 20.0%
Other Assets $21.00M $20.00M $20.00M
YoY Change 10.53% -35.48% -16.67%
Total Long-Term Assets $1.691B $1.646B $1.645B
YoY Change 3.43% 0.92% 6.4%
TOTAL ASSETS
Total Short-Term Assets $885.0M $883.0M $842.0M
Total Long-Term Assets $1.691B $1.646B $1.645B
Total Assets $2.576B $2.529B $2.487B
YoY Change 8.24% 9.86% 10.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $282.0M $258.0M $242.0M
YoY Change 6.82% -1.53% 6.61%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $303.0M $261.0M $254.0M
YoY Change 13.91% -2.25% 10.92%
LONG-TERM LIABILITIES
Long-Term Debt $347.0M $347.0M $347.0M
YoY Change 0.0% -7.96% 0.0%
Other Long-Term Liabilities $56.00M $57.00M $57.00M
YoY Change 5.66% -49.11% 1.79%
Total Long-Term Liabilities $56.00M $57.00M $57.00M
YoY Change 5.66% -88.34% 1.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $303.0M $261.0M $254.0M
Total Long-Term Liabilities $56.00M $57.00M $57.00M
Total Liabilities $910.0M $871.0M $869.0M
YoY Change 3.64% -1.36% 7.55%
SHAREHOLDERS EQUITY
Retained Earnings $1.594B $1.595B $1.555B
YoY Change 10.85% 19.3% 13.09%
Common Stock $558.0M $558.0M $553.0M
YoY Change 1.82% 2.2% 1.84%
Preferred Stock
YoY Change
Treasury Stock (at cost) $386.0M $385.0M $386.0M
YoY Change -0.26% -0.52% -0.52%
Treasury Stock Shares
Shareholders Equity $1.666B $1.658B $1.617B
YoY Change
Total Liabilities & Shareholders Equity $2.576B $2.529B $2.487B
YoY Change 8.24% 9.86% 10.09%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $90.00M $160.0M $108.0M
YoY Change -23.73% -900.0% 414.29%
Depreciation, Depletion And Amortization $31.00M $31.00M $31.00M
YoY Change 3.33% 6.9% 10.71%
Cash From Operating Activities $184.0M $211.0M $105.0M
YoY Change -1.6% 137.08% -188.24%
INVESTING ACTIVITIES
Capital Expenditures $44.00M $36.00M $41.00M
YoY Change -8.33% -51.35% -64.04%
Acquisitions
YoY Change
Other Investing Activities -$17.00M $16.00M $0.00
YoY Change -342.86% -119.05%
Cash From Investing Activities -$61.00M -$20.00M -$41.00M
YoY Change 48.78% -87.34% -63.72%
FINANCING ACTIVITIES
Cash Dividend Paid $18.00M $19.00M $19.00M
YoY Change 5.88% 11.76% 11.76%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -95.00M -118.0M -$39.00M
YoY Change 102.13% -1007.69% 44.44%
NET CHANGE
Cash From Operating Activities 184.0M 211.0M $105.0M
Cash From Investing Activities -61.00M -20.00M -$41.00M
Cash From Financing Activities -95.00M -118.0M -$39.00M
Net Change In Cash 28.00M 73.00M $22.00M
YoY Change -71.72% -230.36% -108.56%
FREE CASH FLOW
Cash From Operating Activities $184.0M $211.0M $105.0M
Capital Expenditures $44.00M $36.00M $41.00M
Free Cash Flow $140.0M $175.0M $64.00M
YoY Change 0.72% 1066.67% -127.47%

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