2023 Q3 Form 10-Q Financial Statement

#000172063523000057 Filed on October 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q3
Revenue $858.8M
YoY Change 15.24%
Cost Of Revenue $505.6M
YoY Change 11.07%
Gross Profit $353.2M
YoY Change 21.79%
Gross Profit Margin 41.13%
Selling, General & Admin $178.7M
YoY Change 15.44%
% of Gross Profit 50.59%
Research & Development $18.30M
YoY Change 24.49%
% of Gross Profit 5.18%
Depreciation & Amortization $38.70M
YoY Change 34.38%
% of Gross Profit 10.96%
Operating Expenses $197.0M
YoY Change 16.22%
Operating Profit $156.2M
YoY Change 29.63%
Interest Expense -$25.50M
YoY Change 214.81%
% of Operating Profit -16.33%
Other Income/Expense, Net -$1.400M
YoY Change 180.0%
Pretax Income $129.3M
YoY Change 15.55%
Income Tax $23.80M
% Of Pretax Income 18.41%
Net Earnings $105.5M
YoY Change 12.96%
Net Earnings / Revenue 12.28%
Basic Earnings Per Share $0.64
Diluted Earnings Per Share $0.63
COMMON SHARES
Basic Shares Outstanding 165.8M shares
Diluted Shares Outstanding 168.6M shares

Balance Sheet

Concept 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $113.3M
YoY Change -41.6%
Cash & Equivalents $113.3M
Short-Term Investments
Other Short-Term Assets $130.8M
YoY Change -13.38%
Inventory $464.9M
Prepaid Expenses
Receivables $635.1M
Other Receivables $0.00
Total Short-Term Assets $1.300B
YoY Change 7.18%
LONG-TERM ASSETS
Property, Plant & Equipment $371.9M
YoY Change 36.73%
Goodwill $2.560B
YoY Change 18.03%
Intangibles $1.538B
YoY Change 42.4%
Long-Term Investments
YoY Change
Other Assets $155.7M
YoY Change 9.57%
Total Long-Term Assets $4.626B
YoY Change 26.28%
TOTAL ASSETS
Total Short-Term Assets $1.300B
Total Long-Term Assets $4.626B
Total Assets $5.926B
YoY Change 21.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $243.4M
YoY Change -5.99%
Accrued Expenses $241.0M
YoY Change 134.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $30.00M
YoY Change 100.0%
Total Short-Term Liabilities $659.4M
YoY Change 2.23%
LONG-TERM LIABILITIES
Long-Term Debt $1.862B
YoY Change 71.3%
Other Long-Term Liabilities $139.6M
YoY Change 18.01%
Total Long-Term Liabilities $2.001B
YoY Change 66.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $659.4M
Total Long-Term Liabilities $2.001B
Total Liabilities $2.981B
YoY Change 33.94%
SHAREHOLDERS EQUITY
Retained Earnings $681.9M
YoY Change 107.96%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.945B
YoY Change
Total Liabilities & Shareholders Equity $5.926B
YoY Change 21.53%

Cashflow Statement

Concept 2023 Q3
OPERATING ACTIVITIES
Net Income $105.5M
YoY Change 12.96%
Depreciation, Depletion And Amortization $38.70M
YoY Change 34.38%
Cash From Operating Activities $145.0M
YoY Change 6.7%
INVESTING ACTIVITIES
Capital Expenditures $16.60M
YoY Change -266.0%
Acquisitions
YoY Change
Other Investing Activities -$6.700M
YoY Change
Cash From Investing Activities -$23.30M
YoY Change 133.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -139.1M
YoY Change -765.55%
NET CHANGE
Cash From Operating Activities 145.0M
Cash From Investing Activities -23.30M
Cash From Financing Activities -139.1M
Net Change In Cash -17.40M
YoY Change -111.85%
FREE CASH FLOW
Cash From Operating Activities $145.0M
Capital Expenditures $16.60M
Free Cash Flow $128.4M
YoY Change -11.99%

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CY2023Q3 us-gaap Other Liabilities Noncurrent
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CY2022Q4 us-gaap Other Liabilities Noncurrent
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us-gaap Proceeds From Hedge Financing Activities
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4500000 usd
us-gaap Derivative Cost Of Hedge Net Of Cash Received
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3100000 usd
CY2023Q3 us-gaap Net Investment Hedge Derivatives At Fair Value Net
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5100000 usd
CY2022Q4 us-gaap Net Investment Hedge Derivatives At Fair Value Net
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18900000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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12300000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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5600000 usd
CY2023Q3 us-gaap Long Term Debt Noncurrent
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1861500000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
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1083200000 usd
CY2023Q3 us-gaap Debt Current
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30000000.0 usd
CY2022Q4 us-gaap Debt Current
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15000000.0 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
1831500000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1068200000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
7500000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
31900000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
37500000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
253100000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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22500000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
721300000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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800000000.0 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2023Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
13900000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
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13400000 usd
CY2023Q3 us-gaap Deferred Tax Assets Valuation Allowance
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13200000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
100000 shares
us-gaap Stock Repurchased During Period Value
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3900000 usd
CY2023Q3 nvt Shares Repurchased But Not Yet Paid
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CY2023Q3 us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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CY2022Q4 us-gaap Product Warranty Accrual
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