2021 Q3 Form 10-Q Financial Statement

#000095017021002033 Filed on October 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $1.650B $1.607B
YoY Change 2.72% 9.09%
Cost Of Revenue $1.037B $953.0M
YoY Change 8.82% 6.13%
Gross Profit $613.4M $653.7M
YoY Change -6.17% 13.73%
Gross Profit Margin 37.16% 40.68%
Selling, General & Admin $418.9M $396.0M
YoY Change 5.78% -1.15%
% of Gross Profit 68.29% 60.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.94M $35.32M
YoY Change 7.44% -1.46%
% of Gross Profit 6.19% 5.4%
Operating Expenses $418.9M $396.0M
YoY Change 5.78% -1.15%
Operating Profit $194.5M $257.7M
YoY Change -24.52% 47.94%
Interest Expense $21.11M $21.75M
YoY Change -2.92% -23.21%
% of Operating Profit 10.85% 8.44%
Other Income/Expense, Net $3.339M -$3.118M
YoY Change -207.09% 74.68%
Pretax Income $181.5M $241.4M
YoY Change -24.82% 68.97%
Income Tax $46.68M $60.58M
% Of Pretax Income 25.72% 25.1%
Net Earnings $134.6M $180.6M
YoY Change -25.48% 70.07%
Net Earnings / Revenue 8.15% 11.24%
Basic Earnings Per Share $1.04 $1.39
Diluted Earnings Per Share $1.04 $1.39
COMMON SHARES
Basic Shares Outstanding 128.1M 128.4M
Diluted Shares Outstanding 128.6M 128.8M

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $213.2M $251.8M
YoY Change -15.33% 18.72%
Cash & Equivalents $213.2M $251.8M
Short-Term Investments
Other Short-Term Assets $285.0M $226.4M
YoY Change 25.88% 8.9%
Inventory $997.3M $783.5M
Prepaid Expenses
Receivables $1.172B $1.159B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.713B $2.457B
YoY Change 10.41% 1.69%
LONG-TERM ASSETS
Property, Plant & Equipment $950.8M $1.145B
YoY Change -16.92% 40.77%
Goodwill $1.349B $1.279B
YoY Change 5.52% 2.3%
Intangibles $626.2M
YoY Change
Long-Term Investments
YoY Change
Other Assets $201.8M $230.5M
YoY Change -12.47% 4.01%
Total Long-Term Assets $3.454B $3.237B
YoY Change 6.67% 1.8%
TOTAL ASSETS
Total Short-Term Assets $2.713B $2.457B
Total Long-Term Assets $3.454B $3.237B
Total Assets $6.166B $5.694B
YoY Change 8.29% 1.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $647.6M $526.0M
YoY Change 23.11% 10.26%
Accrued Expenses $479.3M $495.3M
YoY Change -3.23% 21.04%
Deferred Revenue $35.16M $25.61M
YoY Change 37.3% -6.56%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.649M $45.90M
YoY Change -96.41% -92.12%
Total Short-Term Liabilities $1.164B $1.093B
YoY Change 6.48% -26.98%
LONG-TERM LIABILITIES
Long-Term Debt $2.430B $2.297B
YoY Change 5.76% 13.82%
Other Long-Term Liabilities $417.1M $545.7M
YoY Change -23.57% 33.99%
Total Long-Term Liabilities $3.212B $3.150B
YoY Change 1.98% 14.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.164B $1.093B
Total Long-Term Liabilities $3.212B $3.150B
Total Liabilities $4.375B $4.245B
YoY Change 3.08% -0.13%
SHAREHOLDERS EQUITY
Retained Earnings $1.938B $1.678B
YoY Change 15.47% 12.95%
Common Stock $1.062B $1.026B
YoY Change 3.54% 2.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.789B $1.450B
YoY Change
Total Liabilities & Shareholders Equity $6.166B $5.694B
YoY Change 8.29% 1.75%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $134.6M $180.6M
YoY Change -25.48% 70.07%
Depreciation, Depletion And Amortization $37.94M $35.32M
YoY Change 7.44% -1.46%
Cash From Operating Activities $76.11M $318.1M
YoY Change -76.07% 119.16%
INVESTING ACTIVITIES
Capital Expenditures -$51.90M -$41.50M
YoY Change 25.06% 13.39%
Acquisitions
YoY Change
Other Investing Activities -$250.0K -$244.0K
YoY Change 2.46% -351.55%
Cash From Investing Activities -$90.52M -$42.28M
YoY Change 114.1% -43.22%
FINANCING ACTIVITIES
Cash Dividend Paid $48.90M $46.62M
YoY Change 4.89% 2.87%
Common Stock Issuance & Retirement, Net $12.50M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.187M -268.9M
YoY Change -97.33% 249.09%
NET CHANGE
Cash From Operating Activities 76.11M 318.1M
Cash From Investing Activities -90.52M -42.28M
Cash From Financing Activities -7.187M -268.9M
Net Change In Cash -33.49M 18.35M
YoY Change -282.53% -265.65%
FREE CASH FLOW
Cash From Operating Activities $76.11M $318.1M
Capital Expenditures -$51.90M -$41.50M
Free Cash Flow $128.0M $359.6M
YoY Change -64.4% 97.86%

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EffectiveIncomeTaxRateContinuingOperations
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CY2021Q3 rpm Corporate Income Tax Rate
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CY2020Q3 rpm Corporate Income Tax Rate
CorporateIncomeTaxRate
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DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfForeignSubsidiaries
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CY2021Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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CY2021Q3 rpm Shares Repurchased Authorization Date
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2008-01-08
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CY2021Q3 us-gaap Treasury Stock Shares Acquired
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CY2021Q3 rpm Repurchase Of Common Stock Price Per Share Range
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CY2020Q3 us-gaap Treasury Stock Shares Acquired
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CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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128083000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
128418000
CY2021Q3 rpm Incremental Common Shares Attributable To Average Diluted Options And Awards
IncrementalCommonSharesAttributableToAverageDilutedOptionsAndAwards
487000
CY2020Q3 rpm Incremental Common Shares Attributable To Average Diluted Options And Awards
IncrementalCommonSharesAttributableToAverageDilutedOptionsAndAwards
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CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021Q3 us-gaap Earnings Per Share Basic
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1.04
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CY2021Q3 rpm Method Used To Calculate Diluted Earnings Per Share
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CY2021Q2 us-gaap Product Warranty Accrual
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CY2021Q3 us-gaap Product Warranty Accrual Warranties Issued
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6115000
CY2020Q3 us-gaap Product Warranty Accrual Warranties Issued
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7660000
CY2021Q3 us-gaap Product Warranty Accrual
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13032000
CY2020Q3 us-gaap Product Warranty Accrual
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CY2021Q3 us-gaap Number Of Reportable Segments
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CY2021Q3 us-gaap Revenue Performance Obligation Description Of Payment Terms
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CY2021Q3 us-gaap Revenue Practical Expedient Financing Component
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CY2021Q3 us-gaap Contract With Customer Asset Net
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CY2021Q2 us-gaap Contract With Customer Asset Net
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33217000
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CY2021Q3 us-gaap Contract With Customer Liability Current
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CY2021Q2 us-gaap Contract With Customer Liability Current
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CY2021Q3 rpm Contract With Customer Net Asset Liability
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CY2021Q2 rpm Contract With Customer Net Asset Liability
ContractWithCustomerNetAssetLiability
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CY2021Q3 rpm Change In Net Contract With Customer Asset Liability
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CY2021Q3 rpm Change In Net Contract With Customer Asset Liability
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CY2021Q3 us-gaap Contract With Customer Liability Noncurrent
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CY2021Q2 us-gaap Contract With Customer Liability Noncurrent
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CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2021Q3 us-gaap Provision For Doubtful Accounts
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CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2021Q3 rpm Accounts Receivable Allowance For Credit Loss Translation Adjustments
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CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2020Q3 us-gaap Provision For Doubtful Accounts
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CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2020Q3 rpm Accounts Receivable Allowance For Credit Loss Translation Adjustments
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CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
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CY2021Q3 us-gaap Number Of Operating Segments
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CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2021Q3 us-gaap Assets
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6252969000

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