2023 Q3 Form 10-Q Financial Statement

#000023055723000022 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $1.081B $1.041B
YoY Change 20.79% 20.33%
Cost Of Revenue $645.9M
YoY Change
Gross Profit $435.2M
YoY Change
Gross Profit Margin 40.25%
Selling, General & Admin $5.900M $9.300M
YoY Change 6.85% 17.74%
% of Gross Profit 1.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $201.1M $194.8M
YoY Change 12.32% 12.35%
% of Gross Profit 46.21%
Operating Expenses $961.4M $959.2M
YoY Change 15.11% 18.76%
Operating Profit -$526.2M
YoY Change
Interest Expense -$6.700M -$7.300M
YoY Change -55.2% -74.92%
% of Operating Profit
Other Income/Expense, Net $100.0K
YoY Change
Pretax Income $112.5M $74.20M
YoY Change 113.75% 48.69%
Income Tax $23.31M $15.50M
% Of Pretax Income 20.72% 20.89%
Net Earnings $89.21M $56.30M
YoY Change 109.78% 42.46%
Net Earnings / Revenue 8.25% 5.41%
Basic Earnings Per Share $1.43 $0.93
Diluted Earnings Per Share $1.42 $0.92
COMMON SHARES
Basic Shares Outstanding 60.57M shares 60.49M shares
Diluted Shares Outstanding 61.02M shares 60.94M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $13.35M $21.26M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $81.37M $81.30M
YoY Change -4.64% -2.48%
Goodwill $7.849M $7.849M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $8.196B $8.133B
YoY Change 8.76% 7.22%
Other Assets $213.0M $192.8M
YoY Change 23.08% 65.31%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $11.43B $11.22B
YoY Change 8.63% 8.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $114.0M $92.00M
YoY Change 1.58% -10.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $117.0M $94.60M
YoY Change 4.25% -7.73%
LONG-TERM LIABILITIES
Long-Term Debt $505.0M $503.6M
YoY Change -0.03% -0.29%
Other Long-Term Liabilities $519.0M $519.6M
YoY Change 6.34% 22.2%
Total Long-Term Liabilities $1.024B $1.023B
YoY Change 3.1% 9.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $117.0M $94.60M
Total Long-Term Liabilities $1.024B $1.023B
Total Liabilities $8.784B $8.546B
YoY Change 8.53% 10.65%
SHAREHOLDERS EQUITY
Retained Earnings $2.928B $2.860B
YoY Change 9.11% 7.48%
Common Stock $727.2M $722.3M
YoY Change 4.51% 4.55%
Preferred Stock
YoY Change
Treasury Stock (at cost) $635.1M $634.8M
YoY Change 1.29% 2.22%
Treasury Stock Shares
Shareholders Equity $2.644B $2.671B
YoY Change
Total Liabilities & Shareholders Equity $11.43B $11.22B
YoY Change 8.63% 8.72%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $89.21M $56.30M
YoY Change 109.78% 42.46%
Depreciation, Depletion And Amortization $201.1M $194.8M
YoY Change 12.32% 12.35%
Cash From Operating Activities $228.7M $157.9M
YoY Change -5.48% 4.69%
INVESTING ACTIVITIES
Capital Expenditures $5.300M $4.039M
YoY Change -169.22% -162.87%
Acquisitions
YoY Change
Other Investing Activities -$211.3M -$151.3M
YoY Change 1.24% 14.47%
Cash From Investing Activities -$216.4M -$155.3M
YoY Change 0.01% 12.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.10M -16.96M
YoY Change -16.68% -24.73%
NET CHANGE
Cash From Operating Activities 228.7M 157.9M
Cash From Investing Activities -216.4M -155.3M
Cash From Financing Activities -20.10M -16.96M
Net Change In Cash -7.800M -14.41M
YoY Change -631.7% 39.63%
FREE CASH FLOW
Cash From Operating Activities $228.7M $157.9M
Capital Expenditures $5.300M $4.039M
Free Cash Flow $223.4M $153.8M
YoY Change -10.5% -2.16%

Facts In Submission

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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
119794000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23944000 usd
us-gaap Net Income Loss
NetIncomeLoss
95850000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-484735000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-101794000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-382941000 usd
sigi Non Credit Portionof Other Than Temporary Impairments Recognizedin Other Comprehensive Income Gross
NonCreditPortionofOtherThanTemporaryImpairmentsRecognizedinOtherComprehensiveIncomeGross
-159312000 usd
sigi Non Credit Portionof Other Than Temporary Impairments Recognizedin Other Comprehensive Income Tax
NonCreditPortionofOtherThanTemporaryImpairmentsRecognizedinOtherComprehensiveIncomeTax
-33455000 usd
sigi Non Credit Portionof Other Than Temporary Impairments Recognizedin Other Comprehensive Income
NonCreditPortionofOtherThanTemporaryImpairmentsRecognizedinOtherComprehensiveIncome
-125857000 usd
sigi Amortization Of Net Unrealized Gains Losses On Held To Maturity Transferred From Available For Sale Before Tax
AmortizationOfNetUnrealizedGainsLossesOnHeldToMaturityTransferredFromAvailableForSaleBeforeTax
-1000 usd
sigi Amortization Of Net Unrealized Gains Losses On Held To Maturity Transferred From Available For Sale Tax
AmortizationOfNetUnrealizedGainsLossesOnHeldToMaturityTransferredFromAvailableForSaleTax
0 usd
sigi Amortization Of Net Unrealized Gains Losses On Held To Maturity Transferred From Available For Sale Netof Tax
AmortizationOfNetUnrealizedGainsLossesOnHeldToMaturityTransferredFromAvailableForSaleNetofTax
-1000 usd
sigi Oci Reclassification Adjustmentfrom Aoc Ifor Writedownof Securitiesbefore Tax
OCIReclassificationAdjustmentfromAOCIforWritedownofSecuritiesbeforeTax
34161000 usd
sigi Oci Reclassification Adjustmentfrom Aoc Ifor Writedownof Securities Tax
OCIReclassificationAdjustmentfromAOCIforWritedownofSecuritiesTax
7174000 usd
sigi Oci Reclassification Adjustmentfrom Aoc Ifor Writedownof Securities Netof Tax
OCIReclassificationAdjustmentfromAOCIforWritedownofSecuritiesNetofTax
26987000 usd
sigi Debt Securities Availableforsale Allowancefor Credit Loss Gross
DebtSecuritiesAvailableforsaleAllowanceforCreditLossGross
37571000 usd
sigi Debt Securities Availableforsale Allowancefor Credit Loss Tax
DebtSecuritiesAvailableforsaleAllowanceforCreditLossTax
7889000 usd
sigi Debt Securities Availableforsale Allowancefor Credit Loss Net
DebtSecuritiesAvailableforsaleAllowanceforCreditLossNet
29682000 usd
sigi Total Unrealized Gains Losses On Investment Securities Gross
TotalUnrealizedGainsLossesOnInvestmentSecuritiesGross
-572314000 usd
sigi Total Unrealized Gains Losses On Investment Securities Tax
TotalUnrealizedGainsLossesOnInvestmentSecuritiesTax
-120186000 usd
sigi Total Unrealized Gains Losseson Investment Securities
TotalUnrealizedGainsLossesonInvestmentSecurities
452128000 usd
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-834000 usd
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-175000 usd
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-659000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-834000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-175000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-659000 usd
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-571480000 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-120011000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-451469000 usd
sigi Comprehensive Income Loss Before Tax
ComprehensiveIncomeLossBeforeTax
-451686000 usd
sigi Comprehensive Income Loss Tax
ComprehensiveIncomeLossTax
-96067000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-355619000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
56308000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60614000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
323000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60937000 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.93
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2023Q2 sigi Ecd Non Rule10b51 Arrangement Adopted
Ecd_NonRule10b51ArrangementAdopted
false
CY2023Q2 sigi Ecd Rule10b51 Arrangement Adopted
Ecd_Rule10b51ArrangementAdopted
false
CY2023Q2 sigi Ecd Rule10b51 Arrangement Terminated
Ecd_Rule10b51ArrangementTerminated
false
CY2023Q2 sigi Ecd Non Rule10b51 Arrangement Terminated
Ecd_NonRule10b51ArrangementTerminated
false

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