$PLUS
EPLUS INC

2023 Q3 Form 10-Q Financial Statement

#000114036123038366 Filed on August 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $587.6M $574.2M $458.4M
YoY Change 19.02% 25.27% 10.01%
Cost Of Revenue $443.2M $431.9M $344.8M
YoY Change 22.99% 25.25% 10.83%
Gross Profit $144.4M $142.3M $113.5M
YoY Change 8.3% 25.33% 7.59%
Gross Profit Margin 24.57% 24.78% 24.77%
Selling, General & Admin $92.65M $90.30M $76.77M
YoY Change 9.38% 17.63% 11.62%
% of Gross Profit 64.18% 63.47% 67.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.500M $5.755M $4.472M
YoY Change 28.28% 28.69% -26.47%
% of Gross Profit 4.5% 4.05% 3.94%
Operating Expenses $99.50M $95.94M $80.34M
YoY Change 11.55% 19.42% 9.96%
Operating Profit $44.86M $46.33M $33.18M
YoY Change 1.71% 39.63% 2.25%
Interest Expense $1.220M $851.0K $363.0K
YoY Change 31.89% 134.44% 1.11%
% of Operating Profit 2.72% 1.84% 1.09%
Other Income/Expense, Net $117.0K $190.0K -$2.153M
YoY Change -103.03% -108.82% -1850.41%
Pretax Income $44.98M $46.52M $31.03M
YoY Change 11.78% 49.93% -4.74%
Income Tax $12.30M $12.70M $8.700M
% Of Pretax Income 27.35% 27.3% 28.04%
Net Earnings $32.66M $33.85M $22.34M
YoY Change 14.74% 51.52% -5.01%
Net Earnings / Revenue 5.56% 5.89% 4.87%
Basic Earnings Per Share $1.23 $1.27 $0.84
Diluted Earnings Per Share $1.22 $1.27 $0.84
COMMON SHARES
Basic Shares Outstanding 26.94M 26.83M 26.51M
Diluted Shares Outstanding 26.68M 26.65M 26.69M

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.50M $101.6M $83.49M
YoY Change -17.11% 21.66% -11.03%
Cash & Equivalents $82.50M $101.6M $83.49M
Short-Term Investments
Other Short-Term Assets $60.78M $47.08M $15.96M
YoY Change 143.39% 194.99% -60.22%
Inventory $222.1M $244.3M $246.9M
Prepaid Expenses
Receivables $650.0M $678.0M $482.2M
Other Receivables $209.6M $159.7M $122.8M
Total Short-Term Assets $1.269B $1.276B $985.3M
YoY Change 18.63% 29.51% 27.27%
LONG-TERM ASSETS
Property, Plant & Equipment $51.31M
YoY Change 55.79%
Goodwill $158.2M $158.3M $126.4M
YoY Change 16.41% 25.26% -0.22%
Intangibles $46.94M $51.25M
YoY Change 54.74%
Long-Term Investments
YoY Change
Other Assets $72.15M $70.79M $45.89M
YoY Change 31.11% 54.28% 66.48%
Total Long-Term Assets $349.6M $404.7M $270.8M
YoY Change 15.97% 49.43% -10.69%
TOTAL ASSETS
Total Short-Term Assets $1.269B $1.276B $985.3M
Total Long-Term Assets $349.6M $404.7M $270.8M
Total Assets $1.619B $1.681B $1.256B
YoY Change 18.04% 33.81% 16.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $295.9M $351.4M $165.8M
YoY Change 53.68% 111.94% -42.68%
Accrued Expenses $38.60M $41.14M $32.49M
YoY Change 12.52% 26.64% -33.64%
Deferred Revenue $118.9M $119.0M
YoY Change 10.1%
Short-Term Debt $2.000M $58.12M $47.53M
YoY Change -97.84% 22.27% 692.55%
Long-Term Debt Due $41.80M $17.74M $19.87M
YoY Change 304.02% -10.72% 56.48%
Total Short-Term Liabilities $700.4M $800.8M $534.0M
YoY Change 15.32% 49.97% 19.62%
LONG-TERM LIABILITIES
Long-Term Debt $9.700M $5.005M $10.45M
YoY Change -21.73% -52.09% -23.2%
Other Long-Term Liabilities $62.28M $61.01M $35.44M
YoY Change 35.43% 72.13% 4.9%
Total Long-Term Liabilities $62.28M $61.01M $35.44M
YoY Change 35.43% 72.13% -25.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $700.4M $800.8M $534.0M
Total Long-Term Liabilities $62.28M $61.01M $35.44M
Total Liabilities $773.1M $867.5M $579.9M
YoY Change 16.13% 49.61% 17.43%
SHAREHOLDERS EQUITY
Retained Earnings $693.7M $661.0M $530.2M
YoY Change 24.18% 24.68%
Common Stock $274.0K $274.0K $271.0K
YoY Change 0.74% 1.11%
Preferred Stock
YoY Change
Treasury Stock (at cost) $22.38M $21.45M $13.96M
YoY Change 60.3% 53.68%
Treasury Stock Shares $258.0K
Shareholders Equity $845.7M $813.3M $676.3M
YoY Change
Total Liabilities & Shareholders Equity $1.619B $1.681B $1.256B
YoY Change 18.04% 33.81% 16.59%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $32.66M $33.85M $22.34M
YoY Change 14.74% 51.52% -5.01%
Depreciation, Depletion And Amortization $6.500M $5.755M $4.472M
YoY Change 28.28% 28.69% -26.47%
Cash From Operating Activities $31.20M -$20.90M -$102.9M
YoY Change -286.51% -79.7% 58.04%
INVESTING ACTIVITIES
Capital Expenditures $1.900M $3.698M -$1.777M
YoY Change -400.16% -308.1% -74.59%
Acquisitions $59.60M $0.00
YoY Change
Other Investing Activities $11.20M -$59.40M $85.00K
YoY Change -212.35% -69981.18% -89.92%
Cash From Investing Activities $9.300M -$63.10M -$1.692M
YoY Change -187.72% 3629.14% -72.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.224M
YoY Change 89.76%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -60.00M 82.61M 31.11M
YoY Change -249.14% 165.52% -12.35%
NET CHANGE
Cash From Operating Activities 31.20M -20.90M -102.9M
Cash From Investing Activities 9.300M -63.10M -1.692M
Cash From Financing Activities -60.00M 82.61M 31.11M
Net Change In Cash -19.50M -1.519M -71.89M
YoY Change -251.15% -97.89% 101.25%
FREE CASH FLOW
Cash From Operating Activities $31.20M -$20.90M -$102.9M
Capital Expenditures $1.900M $3.698M -$1.777M
Free Cash Flow $29.30M -$24.60M -$101.2M
YoY Change -282.04% -75.69% 74.0%

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CY2023Q2 us-gaap Gross Profit
GrossProfit
142273000
CY2022Q2 us-gaap Gross Profit
GrossProfit
113523000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
46332000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
33183000
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
190000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
46522000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31030000
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4792000
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3210000
CY2023Q2 us-gaap Interest Expense
InterestExpense
851000
CY2022Q2 us-gaap Interest Expense
InterestExpense
363000
CY2023Q2 plus Purchases Of Property Equipment And Operating Lease Equipment And Assets To Be Leased Or Financed
PurchasesOfPropertyEquipmentAndOperatingLeaseEquipmentAndAssetsToBeLeasedOrFinanced
3698000
CY2022Q2 plus Purchases Of Property Equipment And Operating Lease Equipment And Assets To Be Leased Or Financed
PurchasesOfPropertyEquipmentAndOperatingLeaseEquipmentAndAssetsToBeLeasedOrFinanced
1777000
CY2023Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
559352000
CY2023Q2 plus Financing And Other
FinancingAndOther
14823000
CY2023Q2 us-gaap Revenues
Revenues
574175000
CY2023Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
559352000
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
444747000
CY2022Q2 plus Financing And Other
FinancingAndOther
13612000
CY2022Q2 us-gaap Revenues
Revenues
458359000
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
444747000
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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0001140361-23-038366.txt Edgar Link pending
0001140361-23-038366-xbrl.zip Edgar Link pending
brhc20056773_10q.htm Edgar Link pending
brhc20056773_ex10-1.htm Edgar Link pending
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