2024 Q4 Form 10-Q Financial Statement

#000094381924000027 Filed on October 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $1.225B $1.102B
YoY Change 11.08% 16.0%
Cost Of Revenue $507.3M $502.3M
YoY Change 1.0% 22.66%
Gross Profit $717.2M $600.1M
YoY Change 19.52% 10.96%
Gross Profit Margin 58.57% 54.44%
Selling, General & Admin $239.0M $222.9M
YoY Change 7.23% 14.92%
% of Gross Profit 33.32% 37.14%
Research & Development $79.52M $75.71M
YoY Change 5.04% 19.82%
% of Gross Profit 11.09% 12.62%
Depreciation & Amortization $44.73M $44.93M
YoY Change -0.45% 23.88%
% of Gross Profit 6.24% 7.49%
Operating Expenses $329.9M $311.1M
YoY Change 6.06% 17.35%
Operating Profit $387.3M $289.0M
YoY Change 34.02% 4.81%
Interest Expense -$1.661M -$19.45M
YoY Change -91.46% 56.36%
% of Operating Profit -0.43% -6.73%
Other Income/Expense, Net -$3.815M -$16.81M
YoY Change -77.3% 20.51%
Pretax Income $383.5M $272.2M
YoY Change 40.89% 3.97%
Income Tax $72.14M $52.77M
% Of Pretax Income 18.81% 19.39%
Net Earnings $311.4M $219.4M
YoY Change 41.9% 4.25%
Net Earnings / Revenue 25.43% 19.91%
Basic Earnings Per Share $2.12 $1.49
Diluted Earnings Per Share $2.11 $1.49
COMMON SHARES
Basic Shares Outstanding 146.8M shares 146.9M shares 147.1M shares
Diluted Shares Outstanding 147.6M shares 147.5M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $426.4M $209.1M
YoY Change 103.9% 0.94%
Cash & Equivalents $426.4M $209.1M
Short-Term Investments
Other Short-Term Assets $213.0M $161.7M
YoY Change 31.75% 28.17%
Inventory $918.0M $958.2M
Prepaid Expenses
Receivables $811.2M $692.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.641B $2.305B
YoY Change 14.6% 13.32%
LONG-TERM ASSETS
Property, Plant & Equipment $560.2M $534.0M
YoY Change 4.91% 9.56%
Goodwill $2.886B $2.812B
YoY Change 2.63% 45.04%
Intangibles
YoY Change
Long-Term Investments $69.29M $62.16M
YoY Change 11.46% 687.85%
Other Assets $278.9M $265.1M
YoY Change 5.18% 52.86%
Total Long-Term Assets $4.581B $4.436B
YoY Change 3.27% 41.11%
TOTAL ASSETS
Total Short-Term Assets $2.641B $2.305B
Total Long-Term Assets $4.581B $4.436B
Total Assets $7.222B $6.741B
YoY Change 7.15% 30.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $249.3M $177.0M
YoY Change 40.8% -2.44%
Accrued Expenses $365.7M $348.3M
YoY Change 5.02% 7.47%
Deferred Revenue $157.2M $146.7M
YoY Change 7.14% 35.61%
Short-Term Debt $9.896M $9.905M
YoY Change -0.09% -0.01%
Long-Term Debt Due $9.896M $9.905M
YoY Change -0.09% -0.01%
Total Short-Term Liabilities $904.1M $770.8M
YoY Change 17.29% 11.28%
LONG-TERM LIABILITIES
Long-Term Debt $667.6M $1.352B
YoY Change -50.61% 72.07%
Other Long-Term Liabilities $83.27M $34.33M
YoY Change 142.57% 488.01%
Total Long-Term Liabilities $1.123B $1.720B
YoY Change -34.68% 63.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $904.1M $770.8M
Total Long-Term Liabilities $1.123B $1.720B
Total Liabilities $2.027B $2.490B
YoY Change -18.59% 42.74%
SHAREHOLDERS EQUITY
Retained Earnings $5.225B $4.402B
YoY Change 18.7% 17.08%
Common Stock $1.925B $1.791B
YoY Change 7.44% 5.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.195B $4.250B
YoY Change
Total Liabilities & Shareholders Equity $7.222B $6.741B
YoY Change 7.15% 30.19%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $311.4M $219.4M
YoY Change 41.9% 4.25%
Depreciation, Depletion And Amortization $44.73M $44.93M
YoY Change -0.45% 23.88%
Cash From Operating Activities $325.5M $286.3M
YoY Change 13.71% 541.0%
INVESTING ACTIVITIES
Capital Expenditures $17.84M $30.04M
YoY Change -40.6% 3.37%
Acquisitions $0.00 $103.2M
YoY Change -100.0% 440.23%
Other Investing Activities $21.75M -$108.1M
YoY Change -120.12% 309.01%
Cash From Investing Activities $2.146M -$149.0M
YoY Change -101.44% 153.34%
FINANCING ACTIVITIES
Cash Dividend Paid $77.89M $70.60M
YoY Change 10.33% 9.57%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $30.00M $185.0M
YoY Change -83.78% 516.67%
Cash From Financing Activities -$150.8M -$151.1M
YoY Change -0.25% 260.87%
NET CHANGE
Cash From Operating Activities $325.5M $286.3M
Cash From Investing Activities $2.146M -$149.0M
Cash From Financing Activities -$150.8M -$151.1M
Net Change In Cash $188.0M -$18.79M
YoY Change -1100.48% -71.76%
FREE CASH FLOW
Cash From Operating Activities $325.5M $286.3M
Capital Expenditures $17.84M $30.04M
Free Cash Flow $307.7M $256.2M
YoY Change 20.08% 1541.98%

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