2023 Q3 Form 10-Q Financial Statement
#000084986923000132 Filed on August 03, 2023
Income Statement
| Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
|---|---|---|---|
| Revenue | $1.803B | $1.427B | $1.544B |
| YoY Change | -8.49% | -7.58% | 14.47% |
| Cost Of Revenue | $1.517B | $1.177B | $1.270B |
| YoY Change | -8.75% | -7.34% | 14.01% |
| Gross Profit | $285.9M | $250.1M | $273.9M |
| YoY Change | -7.11% | -8.69% | 16.62% |
| Gross Profit Margin | 15.86% | 17.53% | 17.74% |
| Selling, General & Admin | $84.32M | $102.2M | $123.8M |
| YoY Change | -12.89% | -17.49% | 31.18% |
| % of Gross Profit | 29.49% | 40.85% | 45.21% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $51.97M | $67.95M | $67.72M |
| YoY Change | -20.19% | 0.33% | 10.14% |
| % of Gross Profit | 18.17% | 27.16% | 24.72% |
| Operating Expenses | $84.32M | $103.5M | $123.8M |
| YoY Change | -1.61% | -16.45% | 31.18% |
| Operating Profit | $201.6M | $146.7M | $150.1M |
| YoY Change | -9.23% | -2.29% | 6.84% |
| Interest Expense | $47.26M | -$46.79M | $28.66M |
| YoY Change | -240.25% | -263.27% | 8.54% |
| % of Operating Profit | 23.44% | -31.91% | 19.09% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $146.8M | $97.20M | $129.4M |
| YoY Change | -20.93% | -24.86% | 2.22% |
| Income Tax | $36.21M | $18.31M | $36.68M |
| % Of Pretax Income | 24.66% | 18.84% | 28.36% |
| Net Earnings | $110.6M | $78.89M | $92.68M |
| YoY Change | -20.25% | -14.87% | -1.91% |
| Net Earnings / Revenue | 6.13% | 5.53% | 6.0% |
| Basic Earnings Per Share | $1.02 | $0.72 | $0.84 |
| Diluted Earnings Per Share | $1.02 | $0.71 | $0.83 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 109.9M shares | 110.3M shares | 110.8M shares |
| Diluted Shares Outstanding | 108.8M shares | 110.5M shares | 111.2M shares |
Balance Sheet
| Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $307.1M | $236.6M | $247.8M |
| YoY Change | 26.07% | -4.53% | 50.37% |
| Cash & Equivalents | $307.1M | $236.6M | $247.8M |
| Short-Term Investments | |||
| Other Short-Term Assets | $139.8M | $142.8M | $120.1M |
| YoY Change | 23.17% | 18.83% | 35.26% |
| Inventory | $919.0M | $1.252B | $1.254B |
| Prepaid Expenses | |||
| Receivables | $1.296B | $1.068B | $931.3M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $2.662B | $2.698B | $2.553B |
| YoY Change | 14.13% | 5.69% | 24.35% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $1.912B | $1.934B | $1.933B |
| YoY Change | 1.33% | 0.07% | 5.45% |
| Goodwill | $1.980B | $2.007B | $1.966B |
| YoY Change | 3.38% | 2.1% | 14.32% |
| Intangibles | $724.3M | $745.3M | $786.0M |
| YoY Change | -4.43% | -5.18% | 28.87% |
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $534.8M | $528.4M | $636.4M |
| YoY Change | -83.8% | -16.97% | 25.16% |
| Total Long-Term Assets | $5.150B | $5.215B | $5.321B |
| YoY Change | -0.71% | -1.99% | 13.92% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.662B | $2.698B | $2.553B |
| Total Long-Term Assets | $5.150B | $5.215B | $5.321B |
| Total Assets | $7.812B | $7.914B | $7.874B |
| YoY Change | 3.9% | 0.5% | 17.1% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $652.0M | $751.8M | $880.9M |
| YoY Change | -5.29% | -14.66% | 21.08% |
| Accrued Expenses | $269.4M | $316.5M | $251.3M |
| YoY Change | -7.55% | 25.95% | 7.15% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $897.8M | $811.4M | $718.7M |
| YoY Change | 51.84% | 12.9% | 198.39% |
| Total Short-Term Liabilities | $1.916B | $1.880B | $1.960B |
| YoY Change | 75.72% | -4.1% | 49.03% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $3.313B | $3.351B | $3.367B |
| YoY Change | -13.69% | -0.48% | 6.02% |
| Other Long-Term Liabilities | $421.9M | $427.4M | $491.4M |
| YoY Change | -53.02% | -13.03% | 1.49% |
| Total Long-Term Liabilities | $3.735B | $3.779B | $3.859B |
| YoY Change | -21.15% | -2.08% | 5.42% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.916B | $1.880B | $1.960B |
| Total Long-Term Liabilities | $3.735B | $3.779B | $3.859B |
| Total Liabilities | $5.650B | $6.043B | $5.819B |
| YoY Change | -3.02% | 3.84% | 16.95% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $3.163B | $3.072B | $2.833B |
| YoY Change | 7.07% | 8.42% | 11.91% |
| Common Stock | $351.4M | $347.2M | $333.6M |
| YoY Change | 4.06% | 4.07% | 5.37% |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $1.233B | ||
| YoY Change | 3.09% | ||
| Treasury Stock Shares | 64.90M shares | ||
| Shareholders Equity | $1.782B | $1.871B | $1.625B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $7.812B | $7.914B | $7.874B |
| YoY Change | 3.9% | 0.5% | 17.1% |
Cashflow Statement
| Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $110.6M | $78.89M | $92.68M |
| YoY Change | -20.25% | -14.87% | -1.91% |
| Depreciation, Depletion And Amortization | $51.97M | $67.95M | $67.72M |
| YoY Change | -20.19% | 0.33% | 10.14% |
| Cash From Operating Activities | $215.7M | -$180.0M | -$84.53M |
| YoY Change | -7.99% | 112.9% | 127.17% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $55.30M | $50.33M | -$49.87M |
| YoY Change | -225.84% | -200.94% | -9.01% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $1.700M | $359.0K | -$485.0K |
| YoY Change | -37.52% | -174.02% | -107.11% |
| Cash From Investing Activities | -$53.60M | -$49.97M | -$50.35M |
| YoY Change | 30.03% | -0.75% | 4.93% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -86.40M | -36.36M | 132.7M |
| YoY Change | -53.92% | -127.39% | 132.52% |
| NET CHANGE | |||
| Cash From Operating Activities | 215.7M | -180.0M | -84.53M |
| Cash From Investing Activities | -53.60M | -49.97M | -50.35M |
| Cash From Financing Activities | -86.40M | -36.36M | 132.7M |
| Net Change In Cash | 75.70M | -266.3M | -2.146M |
| YoY Change | 1224.12% | 12309.69% | -92.37% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $215.7M | -$180.0M | -$84.53M |
| Capital Expenditures | $55.30M | $50.33M | -$49.87M |
| Free Cash Flow | $160.4M | -$230.3M | -$34.67M |
| YoY Change | -42.38% | 564.3% | -297.08% |
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