2024 Q2 Form 10-Q Financial Statement

#000135059324000042 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $356.7M $353.4M
YoY Change 9.22% 6.16%
Cost Of Revenue $225.3M $223.0M
YoY Change -0.53% -5.15%
Gross Profit $131.4M $130.4M
YoY Change 31.27% 33.33%
Gross Profit Margin 36.84% 36.9%
Selling, General & Admin $61.50M $63.70M
YoY Change 1.49% -0.78%
% of Gross Profit 46.8% 48.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.30M $16.50M
YoY Change 3.16% 6.45%
% of Gross Profit 12.4% 12.65%
Operating Expenses $64.40M $66.90M
YoY Change -0.16% 3.08%
Operating Profit $67.00M $63.50M
YoY Change 88.2% 93.01%
Interest Expense -$2.800M -$3.600M
YoY Change -26.32% -7.69%
% of Operating Profit -4.18% -5.67%
Other Income/Expense, Net -$3.800M -$4.600M
YoY Change -19.15% -6.12%
Pretax Income $63.20M $58.90M
YoY Change 104.53% 110.36%
Income Tax $15.90M $14.60M
% Of Pretax Income 25.16% 24.79%
Net Earnings $47.30M $44.30M
YoY Change 93.06% 107.98%
Net Earnings / Revenue 13.26% 12.54%
Basic Earnings Per Share $0.30 $0.28
Diluted Earnings Per Share $0.30 $0.28
COMMON SHARES
Basic Shares Outstanding 155.7M shares 156.2M shares
Diluted Shares Outstanding 156.7M shares 156.7M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $243.3M $179.2M
YoY Change 72.31% 100.9%
Cash & Equivalents $243.3M $179.2M
Short-Term Investments
Other Short-Term Assets $35.20M $32.40M
YoY Change 29.41% 10.58%
Inventory $293.8M $307.3M
Prepaid Expenses
Receivables $213.2M $229.7M
Other Receivables $0.00 $2.400M
Total Short-Term Assets $785.5M $748.6M
YoY Change 13.61% 11.8%
LONG-TERM ASSETS
Property, Plant & Equipment $309.8M $309.1M
YoY Change 0.94% 1.38%
Goodwill $95.50M $97.00M
YoY Change -1.55% -2.02%
Intangibles $315.4M $322.3M
YoY Change -7.75% -7.6%
Long-Term Investments
YoY Change
Other Assets $62.40M $62.40M
YoY Change 11.23% 13.87%
Total Long-Term Assets $783.1M $790.8M
YoY Change -2.34% -2.07%
TOTAL ASSETS
Total Short-Term Assets $785.5M $748.6M
Total Long-Term Assets $783.1M $790.8M
Total Assets $1.569B $1.539B
YoY Change 5.04% 4.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $85.70M $96.70M
YoY Change -15.15% -6.75%
Accrued Expenses $126.0M $114.9M
YoY Change 28.44% 32.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $700.0K $700.0K
YoY Change -12.5% -22.22%
Total Short-Term Liabilities $212.4M $212.3M
YoY Change 6.25% 10.98%
LONG-TERM LIABILITIES
Long-Term Debt $448.2M $448.0M
YoY Change 0.34% 0.31%
Other Long-Term Liabilities $60.40M $59.90M
YoY Change 15.05% 16.31%
Total Long-Term Liabilities $508.6M $507.9M
YoY Change 1.88% 1.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $212.4M $212.3M
Total Long-Term Liabilities $508.6M $507.9M
Total Liabilities $777.0M $784.9M
YoY Change -0.27% 1.12%
SHAREHOLDERS EQUITY
Retained Earnings -$375.9M -$423.2M
YoY Change -24.67% -19.16%
Common Stock $1.600M $1.600M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $791.6M $754.5M
YoY Change
Total Liabilities & Shareholders Equity $1.569B $1.539B
YoY Change 5.04% 4.22%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $47.30M $44.30M
YoY Change 93.06% 107.98%
Depreciation, Depletion And Amortization $16.30M $16.50M
YoY Change 3.16% 6.45%
Cash From Operating Activities $87.30M -$5.700M
YoY Change 16.87% -63.69%
INVESTING ACTIVITIES
Capital Expenditures $12.20M $10.10M
YoY Change 2.52% -4.72%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$12.20M -$10.10M
YoY Change 2.52% -4.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.300M -20.10M
YoY Change 2.2% 109.37%
NET CHANGE
Cash From Operating Activities 87.30M -5.700M
Cash From Investing Activities -12.20M -10.10M
Cash From Financing Activities -9.300M -20.10M
Net Change In Cash 65.80M -35.90M
YoY Change 22.53% 0.0%
FREE CASH FLOW
Cash From Operating Activities $87.30M -$5.700M
Capital Expenditures $12.20M $10.10M
Free Cash Flow $75.10M -$15.80M
YoY Change 19.59% -39.92%

Facts In Submission

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