2024 Q2 Form 10-Q Financial Statement

#000085196824000082 Filed on April 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $2.801B $2.679B
YoY Change -0.18%
Cost Of Revenue $2.078B $2.024B
YoY Change -3.94%
Gross Profit $723.8M $655.0M
YoY Change 12.49%
Gross Profit Margin 25.84% 24.45%
Selling, General & Admin $509.8M $500.5M
YoY Change -1.52%
% of Gross Profit 70.43% 76.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $171.5M $154.2M
YoY Change 0.94%
% of Gross Profit 23.69% 23.54%
Operating Expenses $509.8M $500.5M
YoY Change -1.52%
Operating Profit $214.0M $154.5M
YoY Change 70.12%
Interest Expense -$14.40M -$17.00M
YoY Change -184.03%
% of Operating Profit -6.73% -11.0%
Other Income/Expense, Net -$1.600M $3.200M
YoY Change -382.69%
Pretax Income $199.8M $132.8M
YoY Change 82.94%
Income Tax $42.30M $27.80M
% Of Pretax Income 21.17% 20.93%
Net Earnings $157.4M $105.0M
YoY Change 96.17%
Net Earnings / Revenue 5.62% 3.92%
Basic Earnings Per Share $2.47 $1.65
Diluted Earnings Per Share $2.46 $1.64
COMMON SHARES
Basic Shares Outstanding 63.86M shares 63.70M shares
Diluted Shares Outstanding 63.90M shares 64.00M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $497.4M $658.5M
YoY Change -31.19%
Cash & Equivalents $497.4M $658.5M
Short-Term Investments $0.00
Other Short-Term Assets $16.80M $528.3M
YoY Change -23.28%
Inventory $2.580B $2.528B
Prepaid Expenses $528.7M $512.5M
Receivables $1.840B $1.805B
Other Receivables $178.8M $201.8M
Total Short-Term Assets $5.641B $5.722B
YoY Change -6.93%
LONG-TERM ASSETS
Property, Plant & Equipment $4.759B $5.299B
YoY Change -3.78%
Goodwill $1.137B $1.140B
YoY Change -43.8%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $504.8M $517.1M
YoY Change 13.49%
Total Long-Term Assets $7.638B $7.810B
YoY Change -12.23%
TOTAL ASSETS
Total Short-Term Assets $5.641B $5.722B
Total Long-Term Assets $7.638B $7.810B
Total Assets $13.28B $13.53B
YoY Change -10.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.083B $3.181B
YoY Change -10.63%
Accrued Expenses $1.028B $979.9M
YoY Change 9.29%
Deferred Revenue $74.50M $72.30M
YoY Change 8.9%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $718.0M $931.5M
YoY Change -32.04%
Total Short-Term Liabilities $2.938B $3.120B
YoY Change -11.47%
LONG-TERM LIABILITIES
Long-Term Debt $1.692B $1.695B
YoY Change -25.32%
Other Long-Term Liabilities $335.1M $683.3M
YoY Change -1.84%
Total Long-Term Liabilities $2.027B $2.378B
YoY Change -22.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.938B $3.120B
Total Long-Term Liabilities $2.027B $2.378B
Total Liabilities $5.627B $5.890B
YoY Change -15.48%
SHAREHOLDERS EQUITY
Retained Earnings $7.145B $7.075B
YoY Change -4.61%
Common Stock $1.956B $1.950B
YoY Change 1.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.647B $7.642B
YoY Change
Total Liabilities & Shareholders Equity $13.28B $13.53B
YoY Change -10.05%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $157.4M $105.0M
YoY Change 96.17%
Depreciation, Depletion And Amortization $171.5M $154.2M
YoY Change 0.94%
Cash From Operating Activities $233.6M $183.7M
YoY Change -9.2%
INVESTING ACTIVITIES
Capital Expenditures $91.40M $86.80M
YoY Change -28.87%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$91.40M -$86.80M
YoY Change -85.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -305.4M -76.10M
YoY Change -167.72%
NET CHANGE
Cash From Operating Activities 233.6M 183.7M
Cash From Investing Activities -91.40M -86.80M
Cash From Financing Activities -305.4M -76.10M
Net Change In Cash -163.2M 20.80M
YoY Change -358.08%
FREE CASH FLOW
Cash From Operating Activities $233.6M $183.7M
Capital Expenditures $91.40M $86.80M
Free Cash Flow $142.2M $96.90M
YoY Change 10.42%

Facts In Submission

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