2023 Q3 Form 10-Q Financial Statement

#000105091523000150 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $5.621B $5.049B
YoY Change 26.03% 19.3%
Cost Of Revenue $4.773B $4.325B
YoY Change 26.59% 19.88%
Gross Profit $847.3M $724.1M
YoY Change 23.01% 15.93%
Gross Profit Margin 15.07% 14.34%
Selling, General & Admin $386.5M $384.2M
YoY Change 11.25% 18.85%
% of Gross Profit 45.62% 53.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $81.49M $149.9M
YoY Change 10.86% 102.68%
% of Gross Profit 9.62% 20.7%
Operating Expenses $386.5M $454.2M
YoY Change 11.25% 40.51%
Operating Profit $400.3M $269.9M
YoY Change 39.59% 29.54%
Interest Expense $47.53M -$36.70M
YoY Change 41.6% -228.14%
% of Operating Profit 11.87% -13.6%
Other Income/Expense, Net -$3.744M $2.745M
YoY Change -84.69% -106.45%
Pretax Income $351.0M $236.0M
YoY Change 53.16% 71.71%
Income Tax $77.52M $69.37M
% Of Pretax Income 22.08% 29.4%
Net Earnings $272.8M $165.9M
YoY Change 74.94% 88.48%
Net Earnings / Revenue 4.85% 3.29%
Basic Earnings Per Share $1.88 $1.14
Diluted Earnings Per Share $1.83 $1.12
COMMON SHARES
Basic Shares Outstanding 145.2M shares 145.2M shares
Diluted Shares Outstanding 148.8M shares 148.8M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $305.4M $362.0M
YoY Change 41.77% 140.26%
Cash & Equivalents $305.4M $362.0M
Short-Term Investments
Other Short-Term Assets $349.0M $371.5M
YoY Change 29.86% 46.49%
Inventory $163.9M $156.5M
Prepaid Expenses
Receivables $4.332B $5.432B
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.735B $6.322B
YoY Change 25.95% 25.92%
LONG-TERM ASSETS
Property, Plant & Equipment $2.540B $2.475B
YoY Change 12.74% 9.98%
Goodwill $3.900B $3.885B
YoY Change 9.0% 8.3%
Intangibles $1.362B $1.424B
YoY Change -10.35% -9.61%
Long-Term Investments $176.7M $177.8M
YoY Change 30.47% 47.4%
Other Assets $650.6M $455.8M
YoY Change 8.8% -25.9%
Total Long-Term Assets $8.453B $8.418B
YoY Change 6.34% 4.85%
TOTAL ASSETS
Total Short-Term Assets $6.735B $6.322B
Total Long-Term Assets $8.453B $8.418B
Total Assets $15.19B $14.74B
YoY Change 14.23% 12.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.991B $1.673B
YoY Change 43.94% 25.04%
Accrued Expenses $1.056B $920.8M
YoY Change -4.04% -16.54%
Deferred Revenue $1.101B $1.129B
YoY Change 32.59% 50.25%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $44.57M $41.25M
YoY Change 37.8% 51.86%
Total Short-Term Liabilities $4.192B $3.764B
YoY Change 25.28% 16.9%
LONG-TERM LIABILITIES
Long-Term Debt $3.937B $4.217B
YoY Change 1.31% 8.92%
Other Long-Term Liabilities $610.5M $776.7M
YoY Change 30.96% 68.07%
Total Long-Term Liabilities $610.5M $4.993B
YoY Change 30.96% 980.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.192B $3.764B
Total Long-Term Liabilities $610.5M $4.993B
Total Liabilities $9.193B $9.020B
YoY Change 13.56% 14.03%
SHAREHOLDERS EQUITY
Retained Earnings $4.661B $4.400B
YoY Change 16.15% 13.79%
Common Stock $2.944B $2.904B
YoY Change 9.37% 8.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.987B $5.721B
YoY Change
Total Liabilities & Shareholders Equity $15.19B $14.74B
YoY Change 14.23% 12.96%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $272.8M $165.9M
YoY Change 74.94% 88.48%
Depreciation, Depletion And Amortization $81.49M $149.9M
YoY Change 10.86% 102.68%
Cash From Operating Activities $406.6M $127.4M
YoY Change 18.41% 7.31%
INVESTING ACTIVITIES
Capital Expenditures $146.7M $106.0M
YoY Change 38.46% -12.79%
Acquisitions
YoY Change
Other Investing Activities -$8.250M $27.29M
YoY Change -94.8% 640.06%
Cash From Investing Activities -$155.0M -$78.74M
YoY Change -41.47% -33.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -305.2M 93.61M
YoY Change 2283.59% -207.02%
NET CHANGE
Cash From Operating Activities 406.6M 127.4M
Cash From Investing Activities -155.0M -78.74M
Cash From Financing Activities -305.2M 93.61M
Net Change In Cash -53.61M 142.3M
YoY Change -182.51% -262.66%
FREE CASH FLOW
Cash From Operating Activities $406.6M $127.4M
Capital Expenditures $146.7M $106.0M
Free Cash Flow $259.9M $21.38M
YoY Change 9.47% -852.16%

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CY2023Q2 us-gaap Stock Repurchase Program Authorized Amount1
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3266000 usd
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CY2023Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
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CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
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433214000 usd
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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31200000 usd
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CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
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false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
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false

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