2021 Q4 Form 10-Q Financial Statement

#000084986921000107 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $1.439B $1.651B $1.488B
YoY Change 17.34% 10.92% 12.65%
Cost Of Revenue $1.225B $1.403B $1.230B
YoY Change 19.36% 14.04% 10.45%
Gross Profit $213.8M $248.2M $258.4M
YoY Change 6.97% -3.92% 24.44%
Gross Profit Margin 14.86% 15.03% 17.36%
Selling, General & Admin $95.13M $90.30M $91.53M
YoY Change -0.28% -1.34% 20.32%
% of Gross Profit 44.49% 36.38% 35.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $64.39M $63.58M $59.30M
YoY Change 15.81% 7.22% 12.52%
% of Gross Profit 30.11% 25.61% 22.95%
Operating Expenses $82.25M $90.30M $91.53M
YoY Change -4.13% -1.34% 20.32%
Operating Profit $131.6M $157.9M $166.8M
YoY Change 15.32% -5.33% 26.82%
Interest Expense -$28.56M $27.04M $27.73M
YoY Change 6.57% -2.47% 3.58%
% of Operating Profit -21.71% 17.12% 16.62%
Other Income/Expense, Net
YoY Change
Pretax Income $99.64M $140.9M $146.3M
YoY Change 27.42% -3.71% 40.34%
Income Tax $14.61M $34.59M $33.46M
% Of Pretax Income 14.66% 24.55% 22.87%
Net Earnings $85.03M $106.3M $112.9M
YoY Change 41.48% -5.81% 38.85%
Net Earnings / Revenue 5.91% 6.44% 7.58%
Basic Earnings Per Share $0.96 $1.02
Diluted Earnings Per Share $763.8K $0.96 $1.01
COMMON SHARES
Basic Shares Outstanding 110.4M shares 110.5M shares 110.9M shares
Diluted Shares Outstanding 111.2M shares 111.6M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $631.4M $270.6M $193.8M
YoY Change 54.2% 39.61% 65.08%
Cash & Equivalents $631.4M $270.6M $193.8M
Short-Term Investments
Other Short-Term Assets $154.2M $114.9M $84.70M
YoY Change 66.57% 35.71% 38.17%
Inventory $798.8M $762.2M $678.2M
Prepaid Expenses
Receivables $711.3M $1.034B $865.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.296B $2.181B $1.822B
YoY Change 27.6% 19.72% 11.56%
LONG-TERM ASSETS
Property, Plant & Equipment $1.994B $1.963B $1.786B
YoY Change 8.32% 9.94% 17.29%
Goodwill $2.038B $2.039B $1.702B
YoY Change 17.05% 19.77% 50.91%
Intangibles $830.8M $839.3M $633.3M
YoY Change 30.38% 32.54% 76.86%
Long-Term Investments
YoY Change
Other Assets $611.9M $524.8M $509.0M
YoY Change 24.14% 3.1% 17.83%
Total Long-Term Assets $5.475B $5.366B $4.630B
YoY Change 16.18% 15.89% 34.58%
TOTAL ASSETS
Total Short-Term Assets $2.296B $2.181B $1.822B
Total Long-Term Assets $5.475B $5.366B $4.630B
Total Assets $7.771B $7.548B $6.453B
YoY Change 19.34% 16.97% 27.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.133B $761.0M $592.9M
YoY Change 41.22% 28.36% 7.68%
Accrued Expenses $245.7M $235.4M $245.6M
YoY Change 6.37% -4.17% 56.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.25M $934.2M $284.5M
YoY Change -27.77% 228.42% -66.19%
Total Short-Term Liabilities $1.509B $2.041B $1.242B
YoY Change 26.59% 64.29% -23.21%
LONG-TERM LIABILITIES
Long-Term Debt $3.773B $3.192B $3.163B
YoY Change 17.05% 0.89% 74.77%
Other Long-Term Liabilities $491.5M $475.3M $456.1M
YoY Change 0.73% 4.21% 13.0%
Total Long-Term Liabilities $4.264B $3.667B $3.619B
YoY Change 14.91% 1.31% 63.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.509B $2.041B $1.242B
Total Long-Term Liabilities $4.264B $3.667B $3.619B
Total Liabilities $5.773B $5.708B $4.862B
YoY Change 17.75% 17.41% 26.89%
SHAREHOLDERS EQUITY
Retained Earnings $2.692B $2.622B $2.349B
YoY Change 12.37% 11.65% 10.85%
Common Stock $327.2M $321.9M $303.2M
YoY Change 6.19% 6.16% 5.72%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.196B $1.196B $1.161B
YoY Change 0.57% 3.08% 1.0%
Treasury Stock Shares 64.70M shares 64.70M shares 64.23M shares
Shareholders Equity $1.563B $1.457B $1.219B
YoY Change
Total Liabilities & Shareholders Equity $7.771B $7.548B $6.453B
YoY Change 19.34% 16.97% 27.17%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $85.03M $106.3M $112.9M
YoY Change 41.48% -5.81% 38.85%
Depreciation, Depletion And Amortization $64.39M $63.58M $59.30M
YoY Change 15.81% 7.22% 12.52%
Cash From Operating Activities $562.6M $203.5M $182.3M
YoY Change 16.24% 11.65% 43.88%
INVESTING ACTIVITIES
Capital Expenditures -$59.27M -$49.39M -$58.80M
YoY Change 0.46% -16.0% 16.21%
Acquisitions
YoY Change
Other Investing Activities -$27.50M -$723.4M $200.0K
YoY Change -3155.44% -361807.5% -300.0%
Cash From Investing Activities -$86.77M -$772.8M -$58.40M
YoY Change 49.09% 1223.3% 15.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -113.3M 679.1M -124.8M
YoY Change -47.46% -644.15% 89.95%
NET CHANGE
Cash From Operating Activities 562.6M 203.5M 182.3M
Cash From Investing Activities -86.77M -772.8M -58.40M
Cash From Financing Activities -113.3M 679.1M -124.8M
Net Change In Cash 362.6M 109.8M -900.0K
YoY Change 72.49% -12303.22% -108.74%
FREE CASH FLOW
Cash From Operating Activities $562.6M $203.5M $182.3M
Capital Expenditures -$59.27M -$49.39M -$58.80M
Free Cash Flow $621.9M $252.9M $241.1M
YoY Change 14.53% 4.9% 35.98%

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