2023 Q3 Form 10-Q Financial Statement

#000137094623000033 Filed on July 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $2.479B $2.563B
YoY Change -1.98% -1.46%
Cost Of Revenue $1.752B $1.788B
YoY Change -4.58% -4.23%
Gross Profit $727.0M $775.0M
YoY Change 4.91% 5.59%
Gross Profit Margin 29.33% 30.24%
Selling, General & Admin $201.0M $206.0M
YoY Change 0.0% 2.49%
% of Gross Profit 27.65% 26.58%
Research & Development $29.00M $28.00M
YoY Change 11.54% 16.67%
% of Gross Profit 3.99% 3.61%
Depreciation & Amortization $160.0M $159.0M
YoY Change 23.08% 15.22%
% of Gross Profit 22.01% 20.52%
Operating Expenses $265.0M $241.0M
YoY Change 211.76% -2.43%
Operating Profit $462.0M $534.0M
YoY Change -24.01% 9.65%
Interest Expense $17.00M -$23.00M
YoY Change -39.29% -188.46%
% of Operating Profit 3.68% -4.31%
Other Income/Expense, Net $1.000M $0.00
YoY Change -50.0% -100.0%
Pretax Income $446.0M $464.0M
YoY Change -23.37% 0.22%
Income Tax $110.0M $121.0M
% Of Pretax Income 24.66% 26.08%
Net Earnings $337.0M $345.0M
YoY Change -28.3% 0.58%
Net Earnings / Revenue 13.59% 13.46%
Basic Earnings Per Share $3.74 $3.81
Diluted Earnings Per Share $3.71 $3.78
COMMON SHARES
Basic Shares Outstanding 89.83M shares 90.11M shares
Diluted Shares Outstanding 90.90M shares 91.30M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.323B $968.0M
YoY Change 76.17% 19.51%
Cash & Equivalents $1.323B $968.0M
Short-Term Investments
Other Short-Term Assets $94.00M $122.0M
YoY Change -50.53% -34.41%
Inventory $1.232B $1.288B
Prepaid Expenses
Receivables $1.300B $1.413B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.949B $3.791B
YoY Change 10.71% 2.76%
LONG-TERM ASSETS
Property, Plant & Equipment $3.688B $3.947B
YoY Change 0.77% 7.14%
Goodwill $1.378B $1.387B
YoY Change 0.8% 28.54%
Intangibles $1.526B $1.565B
YoY Change -9.0% -3.04%
Long-Term Investments
YoY Change
Other Assets $293.0M $311.0M
YoY Change 16.73% 16.48%
Total Long-Term Assets $7.120B $7.210B
YoY Change -0.48% 5.19%
TOTAL ASSETS
Total Short-Term Assets $3.949B $3.791B
Total Long-Term Assets $7.120B $7.210B
Total Assets $11.07B $11.00B
YoY Change 3.25% 4.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.161B $1.201B
YoY Change -12.05% -9.5%
Accrued Expenses $60.00M $59.00M
YoY Change 17.65% 9.26%
Deferred Revenue
YoY Change
Short-Term Debt $1.000M $0.00
YoY Change 0.0% -100.0%
Long-Term Debt Due $31.00M $31.00M
YoY Change 24.0% 24.0%
Total Short-Term Liabilities $1.826B $1.832B
YoY Change -9.33% -7.19%
LONG-TERM LIABILITIES
Long-Term Debt $3.002B $3.004B
YoY Change 0.47% 0.5%
Other Long-Term Liabilities $316.0M $668.0M
YoY Change 7.12% 151.13%
Total Long-Term Liabilities $316.0M $3.672B
YoY Change -90.37% 12.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.826B $1.832B
Total Long-Term Liabilities $316.0M $3.672B
Total Liabilities $5.919B $5.987B
YoY Change -1.92% 0.52%
SHAREHOLDERS EQUITY
Retained Earnings $4.718B $4.427B
YoY Change 26.86% 34.89%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.063B $2.920B
YoY Change 26.15% 31.41%
Treasury Stock Shares
Shareholders Equity $5.105B $5.014B
YoY Change
Total Liabilities & Shareholders Equity $11.07B $11.00B
YoY Change 3.25% 4.34%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $337.0M $345.0M
YoY Change -28.3% 0.58%
Depreciation, Depletion And Amortization $160.0M $159.0M
YoY Change 23.08% 15.22%
Cash From Operating Activities $691.0M $494.0M
YoY Change 49.89% 6.01%
INVESTING ACTIVITIES
Capital Expenditures $110.0M $122.0M
YoY Change -217.02% -216.19%
Acquisitions
YoY Change
Other Investing Activities -$7.000M -$4.000M
YoY Change -94.96% -97.28%
Cash From Investing Activities -$117.0M -$126.0M
YoY Change -49.79% -50.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -200.0M -169.0M
YoY Change -18.7% 17.36%
NET CHANGE
Cash From Operating Activities 691.0M 494.0M
Cash From Investing Activities -117.0M -126.0M
Cash From Financing Activities -200.0M -169.0M
Net Change In Cash 374.0M 199.0M
YoY Change -2177.78% 184.29%
FREE CASH FLOW
Cash From Operating Activities $691.0M $494.0M
Capital Expenditures $110.0M $122.0M
Free Cash Flow $581.0M $372.0M
YoY Change 4.68% -34.85%

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CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
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