2022 Q4 Form 10-K Financial Statement

#000102447822000093 Filed on November 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2022
Revenue $1.981B $2.126B $7.760B
YoY Change 6.66% 17.62% 10.9%
Cost Of Revenue $1.167B $1.240B $4.658B
YoY Change 5.34% 13.92% 13.63%
Gross Profit $813.6M $886.4M $3.102B
YoY Change 8.61% 23.21% 7.05%
Gross Profit Margin 41.07% 41.69% 39.97%
Selling, General & Admin $469.5M $448.7M $1.767B
YoY Change 4.92% 0.34% 5.16%
% of Gross Profit 57.71% 50.62% 56.95%
Research & Development $440.9M
YoY Change 4.36%
% of Gross Profit 14.21%
Depreciation & Amortization $29.00M $60.70M $238.9M
YoY Change -7.64% 12.2% 25.87%
% of Gross Profit 3.56% 6.85% 7.7%
Operating Expenses $469.5M $452.1M $2.208B
YoY Change 4.92% -2.16% 5.0%
Operating Profit $344.1M $434.3M $894.4M
YoY Change 14.09% 68.79% 12.47%
Interest Expense $34.10M -$28.50M $123.2M
YoY Change 15.2% -88.74% 30.23%
% of Operating Profit 9.91% -6.56% 13.77%
Other Income/Expense, Net
YoY Change
Pretax Income $467.9M $405.8M $1.074B
YoY Change 65.63% 9337.21% -29.66%
Income Tax $89.20M $69.80M $154.5M
% Of Pretax Income 19.06% 17.2% 14.39%
Net Earnings $384.0M $338.9M $932.2M
YoY Change 59.01% 331.72% -31.36%
Net Earnings / Revenue 19.38% 15.94% 12.01%
Basic Earnings Per Share $3.33 $8.02
Diluted Earnings Per Share $3.31 $2.919M $7.97
COMMON SHARES
Basic Shares Outstanding 114.8M shares 115.9M shares
Diluted Shares Outstanding 115.5M shares 116.7M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $472.4M $503.3M $503.3M
YoY Change -12.62% -24.06% -24.06%
Cash & Equivalents $460.0M $490.7M $490.7M
Short-Term Investments $12.40M $12.60M $12.60M
Other Short-Term Assets $289.6M $329.1M $316.5M
YoY Change 22.71% 84.27% 77.81%
Inventory $1.271B $1.054B $1.054B
Prepaid Expenses
Receivables $1.839B $1.737B $1.737B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.860B $3.611B $3.611B
YoY Change 23.22% 17.87% 17.87%
LONG-TERM ASSETS
Property, Plant & Equipment $623.4M $586.5M $907.5M
YoY Change 6.73% 0.79% -5.43%
Goodwill $3.641B $3.524B
YoY Change 0.51% -2.81%
Intangibles $918.1M $902.0M
YoY Change -7.65% -11.72%
Long-Term Investments $1.058B $1.056B $1.056B
YoY Change -22.79% -22.55% -22.55%
Other Assets $390.0M $374.2M $758.5M
YoY Change 31.4% 30.61% 13.65%
Total Long-Term Assets $7.290B $7.148B $7.148B
YoY Change -4.21% -6.42% -6.42%
TOTAL ASSETS
Total Short-Term Assets $3.860B $3.611B $3.611B
Total Long-Term Assets $7.290B $7.148B $7.148B
Total Assets $11.15B $10.76B $10.76B
YoY Change 3.78% 0.53% 0.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.035B $1.028B $1.028B
YoY Change 21.52% 15.53% 15.53%
Accrued Expenses $446.7M $476.2M $476.2M
YoY Change -8.89% -19.76% -19.76%
Deferred Revenue $541.8M $507.0M
YoY Change 9.62%
Short-Term Debt $548.2M $359.3M $359.3M
YoY Change -9.52% -29.51% -29.51%
Long-Term Debt Due $608.5M $609.1M $609.1M
YoY Change 8857.35%
Total Short-Term Liabilities $3.747B $3.572B $3.572B
YoY Change 28.57% 19.38% 19.38%
LONG-TERM LIABILITIES
Long-Term Debt $2.867B $2.868B $2.868B
YoY Change -17.36% -17.23% -17.23%
Other Long-Term Liabilities $601.2M $567.3M $1.302B
YoY Change 12.21% 9.84% -16.04%
Total Long-Term Liabilities $3.468B $567.3M $4.170B
YoY Change -13.4% -85.75% -16.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.747B $3.572B $3.572B
Total Long-Term Liabilities $3.468B $567.3M $4.170B
Total Liabilities $7.215B $4.140B $8.033B
YoY Change 4.28% -40.64% -3.36%
SHAREHOLDERS EQUITY
Retained Earnings $8.660B $8.412B
YoY Change 6.76% 5.14%
Common Stock $2.197B $2.189B
YoY Change 2.94% 3.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.957B
YoY Change 3.7%
Treasury Stock Shares 66.20M shares
Shareholders Equity $2.915B $2.726B $2.726B
YoY Change
Total Liabilities & Shareholders Equity $11.15B $10.76B $10.76B
YoY Change 3.78% 0.53% 0.53%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2022
OPERATING ACTIVITIES
Net Income $384.0M $338.9M $932.2M
YoY Change 59.01% 331.72% -31.36%
Depreciation, Depletion And Amortization $29.00M $60.70M $238.9M
YoY Change -7.64% 12.2% 25.87%
Cash From Operating Activities $66.30M $399.4M $823.1M
YoY Change -652.5% 95.69% -34.73%
INVESTING ACTIVITIES
Capital Expenditures $24.20M -$40.80M $141.1M
YoY Change -34.77% -6.64% 17.29%
Acquisitions $133.8M $16.60M
YoY Change 1174.29% -99.33%
Other Investing Activities $5.100M $132.2M $1.100M
YoY Change -143.97% -105.98% -78.85%
Cash From Investing Activities -$18.30M $91.40M -$7.800M
YoY Change -62.42% -104.05% -99.7%
FINANCING ACTIVITIES
Cash Dividend Paid $135.9M $519.4M
YoY Change 4.46% 4.49%
Common Stock Issuance & Retirement, Net $301.3M
YoY Change 0.53%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -$105.3M -455.7M -$934.2M
YoY Change 102.5% -125.31% -171.98%
NET CHANGE
Cash From Operating Activities $66.30M 399.4M $823.1M
Cash From Investing Activities -$18.30M 91.40M -$7.800M
Cash From Financing Activities -$105.3M -455.7M -$934.2M
Net Change In Cash -$39.30M 35.10M -$171.5M
YoY Change -67.84% -114.06% 236.27%
FREE CASH FLOW
Cash From Operating Activities $66.30M $399.4M $823.1M
Capital Expenditures $24.20M -$40.80M $141.1M
Free Cash Flow $42.10M $440.2M $682.0M
YoY Change -185.74% 77.64% -40.21%

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<div style="margin-top:10pt;text-align:justify;text-indent:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in accordance with U.S. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and revenues and expenses during the periods reported. Actual results could differ from those estimates. We use estimates in accounting for, among other items, customer returns, rebates, and incentives; allowance for doubtful accounts; excess and obsolete inventory; share-based compensation; acquisitions, including consolidation and intangible assets; goodwill impairment; product warranty obligations; capitalization of internal-use software; retirement benefits; litigation, claims, and contingencies, including environmental and asbestos matters, conditional asset retirement obligations, and contractual indemnifications; leases; and income taxes. We account for changes to estimates and assumptions prospectively when warranted by factually-based experience.</span></div>
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2020Q3 us-gaap Unrecognized Tax Benefits
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CY2022Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2021Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2022Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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4700000 usd
CY2022 rok Number Of Superfund Sites Designated Potentially Responsible Party At
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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63400000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022 rok General Corporate Net
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CY2021 rok General Corporate Net
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CY2022 rok Non Operating Pension Cost
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4700000 usd
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63800000 usd
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37400000 usd
CY2022 rok Equity Securities Fvni Unrealized Gain Loss Loss On Investment
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1136100000 usd
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70000000 usd
CY2022Q3 us-gaap Assets
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CY2022Q3 us-gaap Property Plant And Equipment Net
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CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2022 dei Auditor Name
AuditorName
DELOITTE & TOUCHE LLP
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AuditorLocation
Milwaukee, Wisconsin
CY2022 dei Auditor Firm
AuditorFirmId
34

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