2024 Q3 Form 10-Q Financial Statement

#000091447524000181 Filed on August 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $622.1M $590.2M
YoY Change 24.72% 30.37%
Cost Of Revenue $8.000M $9.200M
YoY Change -28.57% -20.0%
Gross Profit $614.1M $581.0M
YoY Change 25.94% 31.69%
Gross Profit Margin 98.71% 98.44%
Selling, General & Admin $234.3M $242.0M
YoY Change 14.74% 9.11%
% of Gross Profit 38.15% 41.65%
Research & Development $195.0M $191.1M
YoY Change 37.13% 31.07%
% of Gross Profit 31.75% 32.89%
Depreciation & Amortization $6.500M $7.300M
YoY Change 18.18% 43.14%
% of Gross Profit 1.06% 1.26%
Operating Expenses $429.3M $433.1M
YoY Change 23.93% 17.82%
Operating Profit $183.8M $145.4M
YoY Change 30.17% 97.55%
Interest Expense $6.500M -$46.80M
YoY Change 490.91% -197.5%
% of Operating Profit 3.54% -32.19%
Other Income/Expense, Net $6.500M -$46.80M
YoY Change -125.39% -197.5%
Pretax Income $190.3M $98.60M
YoY Change 64.62% -18.91%
Income Tax $60.50M $33.60M
% Of Pretax Income 31.79% 34.08%
Net Earnings $129.8M $65.00M
YoY Change 56.2% -31.94%
Net Earnings / Revenue 20.86% 11.01%
Basic Earnings Per Share $1.28 $0.64
Diluted Earnings Per Share $1.24 $0.63
COMMON SHARES
Basic Shares Outstanding 101.0M shares 100.6M shares
Diluted Shares Outstanding 104.3M shares 103.9M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.228B $1.039B
YoY Change 12.14% 6.37%
Cash & Equivalents $349.1M $139.7M
Short-Term Investments $878.9M $899.2M
Other Short-Term Assets $121.7M $120.2M
YoY Change 12.48% 19.48%
Inventory $45.80M $42.50M
Prepaid Expenses
Receivables $481.1M $468.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.877B $1.670B
YoY Change 13.74% 11.57%
LONG-TERM ASSETS
Property, Plant & Equipment $80.00M $80.10M
YoY Change 16.28% -46.28%
Goodwill $6.100M $5.700M
YoY Change 10.91% 0.0%
Intangibles $34.50M $33.50M
YoY Change -1.15% -9.21%
Long-Term Investments $770.6M $781.4M
YoY Change 31.17% 51.55%
Other Assets $61.60M $57.80M
YoY Change 42.92% -86.07%
Total Long-Term Assets $1.658B $1.635B
YoY Change 38.4% 46.46%
TOTAL ASSETS
Total Short-Term Assets $1.877B $1.670B
Total Long-Term Assets $1.658B $1.635B
Total Assets $3.535B $3.305B
YoY Change 24.11% 26.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $277.3M $264.0M
YoY Change -29.78% -32.58%
Accrued Expenses $150.2M $129.9M
YoY Change 19.3% 633.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $429.7M $398.5M
YoY Change -37.87% -31.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $135.0M $141.1M
YoY Change 96.79% -20.55%
Total Long-Term Liabilities $135.0M $141.1M
YoY Change 96.79% -20.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $429.7M $398.5M
Total Long-Term Liabilities $135.0M $141.1M
Total Liabilities $816.1M $795.8M
YoY Change -3.55% 4.7%
SHAREHOLDERS EQUITY
Retained Earnings $81.10M -$48.70M
YoY Change -126.61% -87.45%
Common Stock $2.623B $2.555B
YoY Change 13.63% 13.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.719B $2.509B
YoY Change
Total Liabilities & Shareholders Equity $3.535B $3.305B
YoY Change 24.11% 26.48%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $129.8M $65.00M
YoY Change 56.2% -31.94%
Depreciation, Depletion And Amortization $6.500M $7.300M
YoY Change 18.18% 43.14%
Cash From Operating Activities $158.0M $64.60M
YoY Change -25.47% -64.03%
INVESTING ACTIVITIES
Capital Expenditures $8.100M $11.60M
YoY Change 6.58% 70.59%
Acquisitions
YoY Change
Other Investing Activities $32.80M -$16.60M
YoY Change -136.57% -86.06%
Cash From Investing Activities $24.70M -$28.20M
YoY Change -125.39% -77.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 26.40M -293.0M
YoY Change 40.43% -10203.45%
NET CHANGE
Cash From Operating Activities 158.0M 64.60M
Cash From Investing Activities 24.70M -28.20M
Cash From Financing Activities 26.40M -293.0M
Net Change In Cash 209.1M -256.6M
YoY Change 56.63% -553.36%
FREE CASH FLOW
Cash From Operating Activities $158.0M $64.60M
Capital Expenditures $8.100M $11.60M
Free Cash Flow $149.9M $53.00M
YoY Change -26.66% -69.33%

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Files In Submission

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