2023 Q4 Form 10-Q Financial Statement

#000008281123000190 Filed on November 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $1.608B $1.650B
YoY Change 29.2% 24.49%
Cost Of Revenue $1.045B $1.108B
YoY Change 25.74% 20.71%
Gross Profit $563.2M $542.2M
YoY Change 36.17% 32.99%
Gross Profit Margin 35.02% 32.86%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $138.4M $140.9M
YoY Change 79.74% 90.15%
% of Gross Profit 24.57% 25.99%
Operating Expenses $409.5M $388.9M
YoY Change 63.21% 66.34%
Operating Profit $153.7M -$20.40M
YoY Change -5.53% -111.73%
Interest Expense -$104.6M $111.5M
YoY Change 152.66% 421.03%
% of Operating Profit -68.05%
Other Income/Expense, Net $2.000M $2.500M
YoY Change 53.85% 92.31%
Pretax Income $74.40M -$125.9M
YoY Change -33.33% -181.17%
Income Tax $17.80M $12.70M
% Of Pretax Income 23.92%
Net Earnings $55.90M -$139.5M
YoY Change -44.93% -216.44%
Net Earnings / Revenue 3.48% -8.46%
Basic Earnings Per Share -$2.10
Diluted Earnings Per Share $0.84 -$2.10
COMMON SHARES
Basic Shares Outstanding 66.35M shares 66.31M shares
Diluted Shares Outstanding 66.30M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $574.0M $540.6M
YoY Change -16.63% -25.29%
Cash & Equivalents $574.0M $540.6M
Short-Term Investments
Other Short-Term Assets $614.2M $609.9M
YoY Change 245.64% 320.62%
Inventory $1.274B $1.303B
Prepaid Expenses
Receivables $921.6M $918.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.384B $3.372B
YoY Change 12.78% 10.7%
LONG-TERM ASSETS
Property, Plant & Equipment $1.214B $1.223B
YoY Change 32.26% -83.02%
Goodwill $6.553B $6.473B
YoY Change 63.06% 63.1%
Intangibles $4.083B $4.117B
YoY Change 83.12% 83.87%
Long-Term Investments
YoY Change
Other Assets $196.9M $61.00M
YoY Change 240.07% 14.66%
Total Long-Term Assets $12.05B $11.99B
YoY Change 65.75% 66.5%
TOTAL ASSETS
Total Short-Term Assets $3.384B $3.372B
Total Long-Term Assets $12.05B $11.99B
Total Assets $15.43B $15.37B
YoY Change 50.27% 49.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $549.4M $588.0M
YoY Change 10.39% 7.26%
Accrued Expenses $646.2M $585.0M
YoY Change 44.4% 23.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.900M $3.700M
YoY Change -88.46% -87.95%
Total Short-Term Liabilities $1.326B $1.305B
YoY Change 32.35% 23.99%
LONG-TERM LIABILITIES
Long-Term Debt $6.377B $6.494B
YoY Change 220.5% 199.92%
Other Long-Term Liabilities $350.2M $83.90M
YoY Change 355.99% 5.67%
Total Long-Term Liabilities $6.727B $6.578B
YoY Change 225.54% 193.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.326B $1.305B
Total Long-Term Liabilities $6.727B $6.578B
Total Liabilities $9.087B $7.883B
YoY Change 196.12% 139.07%
SHAREHOLDERS EQUITY
Retained Earnings $1.980B $1.947B
YoY Change -7.05% -5.1%
Common Stock $4.647B $4.639B
YoY Change 0.79% 0.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.344B $6.169B
YoY Change
Total Liabilities & Shareholders Equity $15.43B $15.37B
YoY Change 50.27% 49.92%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $55.90M -$139.5M
YoY Change -44.93% -216.44%
Depreciation, Depletion And Amortization $138.4M $140.9M
YoY Change 79.74% 90.15%
Cash From Operating Activities $201.3M $186.7M
YoY Change 1.56% 40.27%
INVESTING ACTIVITIES
Capital Expenditures $30.40M $25.20M
YoY Change 4.11% 14.55%
Acquisitions
YoY Change
Other Investing Activities $0.00 $200.0K
YoY Change
Cash From Investing Activities -$30.40M -$25.00M
YoY Change 4.11% 13.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -151.1M -210.4M
YoY Change -35.09% 307.75%
NET CHANGE
Cash From Operating Activities 201.3M 186.7M
Cash From Investing Activities -30.40M -25.00M
Cash From Financing Activities -151.1M -210.4M
Net Change In Cash 19.80M -48.70M
YoY Change -131.03% -181.85%
FREE CASH FLOW
Cash From Operating Activities $201.3M $186.7M
Capital Expenditures $30.40M $25.20M
Free Cash Flow $170.9M $161.5M
YoY Change 1.12% 45.36%

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CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66300000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66800000 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
400000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
400000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66300000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67200000 shares
rbc Number Of Subsidiaries Involved In Litigation
NumberOfSubsidiariesInvolvedInLitigation
1 subsidiary
us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
900000000 usd
rbc Loss Contingency Full Amount Paid
LossContingencyFullAmountPaid
1
us-gaap Loss Contingency Claims Settled And Dismissed Number
LossContingencyClaimsSettledAndDismissedNumber
372 claimant
rbc Loss Contingency Full Amount Paid
LossContingencyFullAmountPaid
1
rbc Loss Contingency Full Amount Paid
LossContingencyFullAmountPaid
1
rbc Loss Contingency Full Amount Paid
LossContingencyFullAmountPaid
1
CY2022Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
6300000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
15800000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
19600000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
6300000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
9100000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
16300000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
23100000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 usd
us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
9800000 usd
us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 usd
CY2023Q3 rbc Standard Product Warranty Accrual Held For Sale
StandardProductWarrantyAccrualHeldForSale
3400000 usd
CY2022Q3 rbc Standard Product Warranty Accrual Held For Sale
StandardProductWarrantyAccrualHeldForSale
0 usd
rbc Standard Product Warranty Accrual Held For Sale
StandardProductWarrantyAccrualHeldForSale
3400000 usd
rbc Standard Product Warranty Accrual Held For Sale
StandardProductWarrantyAccrualHeldForSale
0 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-300000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-400000 usd
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
700000 usd
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-700000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
36400000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
25800000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
36400000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
25800000 usd
us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
18400000 usd
CY2022 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
11900000 usd
CY2023Q3 us-gaap Debt Securities Held To Maturity Derivative Cumulative Gain Loss
DebtSecuritiesHeldToMaturityDerivativeCumulativeGainLoss
34400000 usd
rbc Net Current Deferred Gains Losses Expected To Be Realized
NetCurrentDeferredGainsLossesExpectedToBeRealized
21500000 usd
CY2023Q2 us-gaap Restructuring Reserve
RestructuringReserve
18300000 usd
CY2022Q2 us-gaap Restructuring Reserve
RestructuringReserve
6400000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
15100000 usd
CY2022Q1 us-gaap Restructuring Reserve
RestructuringReserve
5000000.0 usd
CY2023Q3 rbc Restructuring Reserve Acquisition
RestructuringReserveAcquisition
0 usd
CY2022Q3 rbc Restructuring Reserve Acquisition
RestructuringReserveAcquisition
0 usd
rbc Restructuring Reserve Acquisition
RestructuringReserveAcquisition
200000 usd
rbc Restructuring Reserve Acquisition
RestructuringReserveAcquisition
0 usd
CY2023Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
7100000 usd
CY2022Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
20900000 usd
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
26100000 usd
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
36700000 usd
CY2023Q3 us-gaap Payments For Restructuring
PaymentsForRestructuring
4600000 usd
CY2022Q3 us-gaap Payments For Restructuring
PaymentsForRestructuring
13000000.0 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
20600000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
27400000 usd
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
20800000 usd
CY2022Q3 us-gaap Restructuring Reserve
RestructuringReserve
14300000 usd
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
20800000 usd
CY2022Q3 us-gaap Restructuring Reserve
RestructuringReserve
14300000 usd
CY2023Q3 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
7500000 usd
CY2023Q3 us-gaap Restructuring Costs
RestructuringCosts
14600000 usd
CY2022Q3 us-gaap Restructuring Costs
RestructuringCosts
20900000 usd
us-gaap Restructuring Costs
RestructuringCosts
33600000 usd
us-gaap Restructuring Costs
RestructuringCosts
36700000 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
14600000 usd
CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
20900000 usd
us-gaap Restructuring Charges
RestructuringCharges
33600000 usd
us-gaap Restructuring Charges
RestructuringCharges
36700000 usd
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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