2024 Q3 Form 10-Q Financial Statement

#000002998924000021 Filed on July 17, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $3.883B $3.854B
YoY Change 8.51% 6.76%
Cost Of Revenue $3.122B $3.172B
YoY Change 8.57% 21.17%
Gross Profit $761.0M $681.7M
YoY Change 8.25% -31.29%
Gross Profit Margin 19.6% 17.69%
Selling, General & Admin $99.50M $111.0M
YoY Change 10.8% -72.03%
% of Gross Profit 13.07% 16.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $61.40M $60.40M
YoY Change 17.18% 18.2%
% of Gross Profit 8.07% 8.86%
Operating Expenses $99.50M $111.0M
YoY Change 10.8% -75.22%
Operating Profit $600.1M $510.3M
YoY Change 7.01% -6.23%
Interest Expense $66.40M $62.70M
YoY Change 24.11% -328.83%
% of Operating Profit 11.06% 12.29%
Other Income/Expense, Net
YoY Change
Pretax Income $559.7M $468.6M
YoY Change 7.12% -10.45%
Income Tax $150.2M $123.7M
% Of Pretax Income 26.84% 26.4%
Net Earnings $385.9M $328.1M
YoY Change 3.76% -10.43%
Net Earnings / Revenue 9.94% 8.51%
Basic Earnings Per Share $1.97 $1.67
Diluted Earnings Per Share $1.95 $1.65
COMMON SHARES
Basic Shares Outstanding 195.6M shares 195.8M shares
Diluted Shares Outstanding 198.2M shares 198.5M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.534B $2.712B
YoY Change 27.6% -3.5%
Cash & Equivalents $3.534B $2.712B
Short-Term Investments
Other Short-Term Assets $1.107B $1.028B
YoY Change 24.15% 13.7%
Inventory $881.1M $843.9M
Prepaid Expenses
Receivables $8.570B $8.433B
Other Receivables $0.00 $0.00
Total Short-Term Assets $15.11B $13.97B
YoY Change 20.25% 9.05%
LONG-TERM ASSETS
Property, Plant & Equipment $1.912B $1.875B
YoY Change 0.46% -4.13%
Goodwill $10.93B $10.65B
YoY Change 10.5% 9.72%
Intangibles $539.4M $522.7M
YoY Change 40.14% 80.87%
Long-Term Investments $65.80M $63.30M
YoY Change 0.61% -5.66%
Other Assets $241.6M $243.9M
YoY Change 19.13% 1.79%
Total Long-Term Assets $13.69B $13.35B
YoY Change 9.97% 8.95%
TOTAL ASSETS
Total Short-Term Assets $15.11B $13.97B
Total Long-Term Assets $13.69B $13.35B
Total Assets $28.80B $27.32B
YoY Change 15.14% 9.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.94B $10.65B
YoY Change 13.92% 7.03%
Accrued Expenses
YoY Change
Deferred Revenue $1.303B $1.262B
YoY Change 9.25% 8.83%
Short-Term Debt $16.90M $15.10M
YoY Change 16.55% -26.34%
Long-Term Debt Due $750.0M $750.2M
YoY Change
Total Short-Term Liabilities $15.37B $14.96B
YoY Change 18.03% 12.45%
LONG-TERM LIABILITIES
Long-Term Debt $6.180B $5.489B
YoY Change 10.91% -2.21%
Other Long-Term Liabilities $874.2M $881.0M
YoY Change -3.6% -46.83%
Total Long-Term Liabilities $874.2M $881.0M
YoY Change -3.6% -87.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.37B $14.96B
Total Long-Term Liabilities $874.2M $881.0M
Total Liabilities $16.24B $15.84B
YoY Change 16.62% -27.73%
SHAREHOLDERS EQUITY
Retained Earnings $11.19B $10.94B
YoY Change 8.81% 8.85%
Common Stock $459.8M $513.0M
YoY Change -17.5% -18.62%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.424B $6.373B
YoY Change 4.38% 3.22%
Treasury Stock Shares
Shareholders Equity $3.951B $3.636B
YoY Change
Total Liabilities & Shareholders Equity $28.80B $27.32B
YoY Change 15.14% 9.0%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $385.9M $328.1M
YoY Change 3.76% -10.43%
Depreciation, Depletion And Amortization $61.40M $60.40M
YoY Change 17.18% 18.2%
Cash From Operating Activities $568.7M -$141.7M
YoY Change 40.25% -46.02%
INVESTING ACTIVITIES
Capital Expenditures $31.30M $39.20M
YoY Change 29.34% 131.95%
Acquisitions
YoY Change
Other Investing Activities -$95.70M $11.20M
YoY Change -47950.0% -94.01%
Cash From Investing Activities -$127.0M -$28.00M
YoY Change 429.17% -116.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 278.5M -268.5M
YoY Change -200.65% -35.77%
NET CHANGE
Cash From Operating Activities 568.7M -141.7M
Cash From Investing Activities -127.0M -28.00M
Cash From Financing Activities 278.5M -268.5M
Net Change In Cash 720.2M -438.2M
YoY Change 587.21% -14.13%
FREE CASH FLOW
Cash From Operating Activities $568.7M -$141.7M
Capital Expenditures $31.30M $39.20M
Free Cash Flow $537.4M -$180.9M
YoY Change 40.94% -35.25%

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