2024 Q2 Form 10-Q Financial Statement

#000100075324000034 Filed on May 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $1.605B $1.802B $1.770B
YoY Change 1.25% 1.83% 12.16%
Cost Of Revenue $1.345B $1.457B $1.438B
YoY Change -1.14% 1.36% 11.26%
Gross Profit $260.0M $345.0M $332.1M
YoY Change 15.74% 3.87% 16.23%
Gross Profit Margin 16.2% 19.15% 18.77%
Selling, General & Admin $226.0M $226.0M $200.6M
YoY Change 14.09% 12.64% 13.23%
% of Gross Profit 86.92% 65.51% 60.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.00M $11.00M $10.50M
YoY Change 2.42% 4.79% 3.07%
% of Gross Profit 4.23% 3.19% 3.16%
Operating Expenses $237.0M $237.0M $211.1M
YoY Change 13.49% 12.25% 12.68%
Operating Profit $23.00M $108.0M $121.0M
YoY Change 45.51% -10.75% 22.98%
Interest Expense $7.000M $3.000M $6.205M
YoY Change 447.3% -51.65% 222.34%
% of Operating Profit 30.43% 2.78% 5.13%
Other Income/Expense, Net
YoY Change
Pretax Income $25.00M $111.0M $123.6M
YoY Change 46.32% -10.18% 27.9%
Income Tax $7.000M $32.00M $28.98M
% Of Pretax Income 28.0% 28.83% 23.45%
Net Earnings $18.00M $79.00M $94.60M
YoY Change 39.6% -16.49% 35.36%
Net Earnings / Revenue 1.12% 4.38% 5.35%
Basic Earnings Per Share $0.48 $2.11 $2.49
Diluted Earnings Per Share $0.48 $2.08 $2.45
COMMON SHARES
Basic Shares Outstanding 37.66M shares 37.29M shares 37.85M shares
Diluted Shares Outstanding 38.00M shares 38.00M shares 38.67M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $692.0M $683.0M $732.1M
YoY Change 12.32% -6.71% 20.17%
Cash & Equivalents $676.0M $667.0M $696.6M
Short-Term Investments $16.00M $16.00M $35.54M
Other Short-Term Assets $91.00M $212.0M $79.86M
YoY Change -30.48% 165.46% -0.53%
Inventory
Prepaid Expenses
Receivables $740.0M $724.0M $607.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.621B $1.619B $1.518B
YoY Change 18.87% 6.65% 6.02%
LONG-TERM ASSETS
Property, Plant & Equipment $186.0M $247.0M $196.4M
YoY Change -24.08% 25.78% -4.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.00M $247.0M $31.38M
YoY Change -92.62% 687.1% 48.68%
Total Long-Term Assets $474.0M $507.0M $521.9M
YoY Change -5.51% -2.85% 2.7%
TOTAL ASSETS
Total Short-Term Assets $1.621B $1.619B $1.518B
Total Long-Term Assets $474.0M $507.0M $521.9M
Total Assets $2.095B $2.126B $2.040B
YoY Change 12.32% 4.22% 5.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.000M $6.000M $9.491M
YoY Change 2.84% -36.78% 21.28%
Accrued Expenses $72.00M $1.385B $79.79M
YoY Change -93.62% 1635.74% -7.89%
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 $1.383B $1.406B $1.303B
YoY Change 21.78% 7.91% 1.27%
LONG-TERM LIABILITIES
Long-Term Debt $369.0M $369.0M $369.4M
YoY Change -0.11% -0.11% 0.0%
Other Long-Term Liabilities $201.0M $211.0M $233.0M
YoY Change -12.48% -9.44% -4.91%
Total Long-Term Liabilities $570.0M $580.0M $603.6M
YoY Change -4.85% -3.91% -2.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.383B $1.406B $1.303B
Total Long-Term Liabilities $570.0M $580.0M $603.6M
Total Liabilities $1.953B $1.986B $1.907B
YoY Change 12.58% 4.17% 0.02%
SHAREHOLDERS EQUITY
Retained Earnings $788.0M $793.0M $726.1M
YoY Change 9.87% 9.21% 20.02%
Common Stock $192.0M $173.0M $142.6M
YoY Change 21.46% 21.35% 28.88%
Preferred Stock
YoY Change
Treasury Stock (at cost) $838.0M $826.0M $735.2M
YoY Change 12.52% 12.35% 7.86%
Treasury Stock Shares
Shareholders Equity $142.0M $140.0M $133.4M
YoY Change
Total Liabilities & Shareholders Equity $2.095B $2.126B $2.040B
YoY Change 12.32% 4.22% 5.15%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $18.00M $79.00M $94.60M
YoY Change 39.6% -16.49% 35.36%
Depreciation, Depletion And Amortization $11.00M $11.00M $10.50M
YoY Change 2.42% 4.79% 3.07%
Cash From Operating Activities $20.00M $31.00M $39.35M
YoY Change -118.35% -21.22% -33.13%
INVESTING ACTIVITIES
Capital Expenditures $6.000M $5.000M $6.849M
YoY Change -16.29% -27.0% 46.16%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$2.096M
YoY Change -100.0% -100.0% 74.09%
Cash From Investing Activities -$6.000M -$5.000M -$8.945M
YoY Change -18.32% -44.1% 51.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -44.00M -83.00M -$46.85M
YoY Change 15.36% 77.17% 6.75%
NET CHANGE
Cash From Operating Activities 20.00M 31.00M $39.35M
Cash From Investing Activities -6.000M -5.000M -$8.945M
Cash From Financing Activities -44.00M -83.00M -$46.85M
Net Change In Cash -30.00M -57.00M -$16.44M
YoY Change -80.58% 246.72% -281.24%
FREE CASH FLOW
Cash From Operating Activities $20.00M $31.00M $39.35M
Capital Expenditures $6.000M $5.000M $6.849M
Free Cash Flow $14.00M $26.00M $32.50M
YoY Change -112.05% -20.01% -39.99%

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CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2024Q1 dei Document Fiscal Year Focus
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CY2024Q1 dei Document Fiscal Year Focus
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CY2024Q1 dei Document Type
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