2023 Q4 Form 10-Q Financial Statement

#000116486323000061 Filed on October 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $249.1M $250.7M
YoY Change -8.39% -10.5%
Cost Of Revenue $152.8M $151.1M
YoY Change -8.17% -10.75%
Gross Profit $96.30M $99.60M
YoY Change -8.72% -10.11%
Gross Profit Margin 38.66% 39.73%
Selling, General & Admin $73.90M $65.60M
YoY Change -4.89% -0.3%
% of Gross Profit 76.74% 65.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.40M $23.70M
YoY Change -7.14% 8.22%
% of Gross Profit 24.3% 23.8%
Operating Expenses $75.80M $67.70M
YoY Change -2.57% 2.73%
Operating Profit $20.50M $31.90M
YoY Change -25.99% -28.95%
Interest Expense -$6.500M $10.80M
YoY Change -35.0% -216.13%
% of Operating Profit -31.71% 33.86%
Other Income/Expense, Net -$4.700M -$1.900M
YoY Change -43.37% -733.33%
Pretax Income $9.300M $22.90M
YoY Change -116.46% -36.21%
Income Tax $13.80M $14.70M
% Of Pretax Income 148.39% 64.19%
Net Earnings -$4.900M $8.300M
YoY Change -103.97% -69.14%
Net Earnings / Revenue -1.97% 3.31%
Basic Earnings Per Share $0.40
Diluted Earnings Per Share -$0.23 $0.39
COMMON SHARES
Basic Shares Outstanding 20.91M shares 20.90M shares
Diluted Shares Outstanding 21.00M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $369.8M $329.8M
YoY Change 10.59% 98.44%
Cash & Equivalents $369.8M $329.8M
Short-Term Investments
Other Short-Term Assets $21.20M $41.30M
YoY Change -65.13% -77.41%
Inventory $142.6M $145.9M
Prepaid Expenses
Receivables $116.7M $119.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $650.3M $636.5M
YoY Change -4.95% -2.17%
LONG-TERM ASSETS
Property, Plant & Equipment $193.8M $186.0M
YoY Change 4.64% 9.09%
Goodwill $808.4M $805.2M
YoY Change -6.41% -12.4%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $113.5M $124.0M
YoY Change -1.13% -13.17%
Total Long-Term Assets $1.849B $1.865B
YoY Change -5.83% -8.77%
TOTAL ASSETS
Total Short-Term Assets $650.3M $636.5M
Total Long-Term Assets $1.849B $1.865B
Total Assets $2.500B $2.501B
YoY Change -5.6% -7.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $68.70M $63.60M
YoY Change -6.4% -12.76%
Accrued Expenses $119.6M $123.4M
YoY Change -0.5% -4.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.100M $8.100M
YoY Change -48.08% -47.74%
Total Short-Term Liabilities $196.4M $195.1M
YoY Change -7.14% -22.98%
LONG-TERM LIABILITIES
Long-Term Debt $638.7M $640.5M
YoY Change -17.6% -26.22%
Other Long-Term Liabilities $116.1M $106.2M
YoY Change 3.94% -1.3%
Total Long-Term Liabilities $754.8M $746.7M
YoY Change -14.88% -23.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $196.4M $195.1M
Total Long-Term Liabilities $754.8M $746.7M
Total Liabilities $1.072B $1.076B
YoY Change -13.19% -24.62%
SHAREHOLDERS EQUITY
Retained Earnings $1.128B $1.139B
YoY Change -0.19% 12.62%
Common Stock $305.1M $302.7M
YoY Change 1.9% 0.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.410B $1.408B
YoY Change
Total Liabilities & Shareholders Equity $2.500B $2.501B
YoY Change -5.6% -7.17%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$4.900M $8.300M
YoY Change -103.97% -69.14%
Depreciation, Depletion And Amortization $23.40M $23.70M
YoY Change -7.14% 8.22%
Cash From Operating Activities $53.60M $76.30M
YoY Change 764.52% 55.71%
INVESTING ACTIVITIES
Capital Expenditures $13.20M $8.800M
YoY Change -31.25% -617.65%
Acquisitions
YoY Change
Other Investing Activities $1.100M $35.10M
YoY Change -99.59% 25.81%
Cash From Investing Activities -$12.10M $26.30M
YoY Change -104.88% 0.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.100M -140.9M
YoY Change -91.81% 22.84%
NET CHANGE
Cash From Operating Activities 53.60M 76.30M
Cash From Investing Activities -12.10M 26.30M
Cash From Financing Activities -8.100M -140.9M
Net Change In Cash 33.40M -38.30M
YoY Change -78.48% -3.04%
FREE CASH FLOW
Cash From Operating Activities $53.60M $76.30M
Capital Expenditures $13.20M $8.800M
Free Cash Flow $40.40M $67.50M
YoY Change -410.77% 33.14%

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CY2023Q3 us-gaap Restructuring Costs And Asset Impairment Charges
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CY2023Q3 npo Depreciation Depletion And Amortization Allocated To Segments
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CY2023Q3 us-gaap Assets
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CY2023Q3 us-gaap Short Term Investments
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CY2023Q3 us-gaap Derivative Assets
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CY2022Q4 us-gaap Derivative Assets
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8500000 usd
CY2023Q3 npo Deferred Compensation Assets Fair Value
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11300000 usd
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CY2023Q3 us-gaap Assets Fair Value Disclosure
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CY2022Q4 us-gaap Assets Fair Value Disclosure
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18300000 usd
CY2023Q3 us-gaap Accounts Payable And Accrued Liabilities Fair Value Disclosure
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11900000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Fair Value Disclosure
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10300000 usd
CY2023Q3 us-gaap Long Term Debt
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648300000 usd
CY2023Q3 us-gaap Long Term Debt Fair Value
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CY2022Q4 us-gaap Long Term Debt
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CY2022Q4 us-gaap Long Term Debt Fair Value
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CY2023Q3 npo Site Contingency Number Of Sites Subject To Remediation Activities
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18 site
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12 site
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100000 usd
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18 site
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15 site
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3 site
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15 site
CY2023Q3 npo Site Contingency Number Of Sites Subject To Remediation Activities Contains Remediation Systems
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7 site
CY2023Q3 npo Site Contingency Number Of Sites Subject To Remediation Activities Monitored
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18 site
CY2023Q3 npo Site Contingency Number Of Sites Subject To Remediation Activities Active Operations
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1 site
CY2023Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
39200000 usd
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AccrualForEnvironmentalLossContingencies
42100000 usd
CY2023Q3 us-gaap Accrued Environmental Loss Contingencies Current
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12000000 usd
CY2023Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
26700000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
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5200000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4900000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
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1300000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
900000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1000000.0 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
800000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
5500000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
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5000000.0 usd
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
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CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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