2024 Q3 Form 10-Q Financial Statement
#000009434424000015 Filed on August 06, 2024
Income Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| Revenue | $667.9M | $602.2M |
| YoY Change | 11.01% | 9.67% |
| Cost Of Revenue | $21.28M | $21.09M |
| YoY Change | -4.35% | 6.5% |
| Gross Profit | $646.7M | $581.1M |
| YoY Change | 11.6% | 9.78% |
| Gross Profit Margin | 96.81% | 96.5% |
| Selling, General & Admin | $193.9M | $179.7M |
| YoY Change | 6.82% | -1.62% |
| % of Gross Profit | 29.98% | 30.92% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $15.48M | $15.20M |
| YoY Change | -5.69% | -2.13% |
| % of Gross Profit | 2.39% | 2.62% |
| Operating Expenses | $620.3M | $568.4M |
| YoY Change | 8.89% | 9.5% |
| Operating Profit | $26.41M | $12.73M |
| YoY Change | 167.65% | 24.2% |
| Interest Expense | -$4.899M | -$5.353M |
| YoY Change | -196.93% | 9.81% |
| % of Operating Profit | -18.55% | -42.06% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $42.79M | $29.01M |
| YoY Change | 58.11% | 15.22% |
| Income Tax | $9.123M | $7.940M |
| % Of Pretax Income | 21.32% | 27.37% |
| Net Earnings | $30.10M | $17.34M |
| YoY Change | 114.99% | 9.66% |
| Net Earnings / Revenue | 4.51% | 2.88% |
| Basic Earnings Per Share | $1.09 | $0.63 |
| Diluted Earnings Per Share | $1.07 | $0.62 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 27.68M shares | 27.58M shares |
| Diluted Shares Outstanding | 28.20M shares | 28.01M shares |
Balance Sheet
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | ||
| YoY Change | ||
| Cash & Equivalents | $183.8M | $133.4M |
| 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 | $195.5M | $195.4M |
| YoY Change | -5.59% | -6.93% |
| Goodwill | $1.081B | $1.081B |
| YoY Change | 0.81% | 0.55% |
| Intangibles | $175.2M | $177.1M |
| YoY Change | -13.09% | -13.4% |
| Long-Term Investments | $733.6M | $704.3M |
| YoY Change | 17027.53% | -0.35% |
| Other Assets | $3.749M | $3.673M |
| YoY Change | 46.79% | 42.25% |
| Total Long-Term Assets | ||
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | ||
| Total Long-Term Assets | ||
| Total Assets | $2.730B | $2.645B |
| YoY Change | 2.27% | -1.21% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $196.7M | $165.4M |
| YoY Change | 11.0% | -1.3% |
| Accrued Expenses | $122.8M | $127.3M |
| YoY Change | -13.56% | -13.19% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $319.5M | $292.7M |
| YoY Change | 0.07% | -6.85% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $445.7M | $445.6M |
| YoY Change | 0.12% | 0.12% |
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $445.7M | $445.6M |
| YoY Change | 0.12% | 0.12% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $319.5M | $292.7M |
| Total Long-Term Liabilities | $445.7M | $445.6M |
| Total Liabilities | $1.322B | $1.274B |
| YoY Change | 0.96% | -3.42% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $1.081B | $1.065B |
| YoY Change | 0.53% | -0.89% |
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $1.407B | $1.365B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $2.730B | $2.645B |
| YoY Change | 2.27% | -1.21% |
Cashflow Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $30.10M | $17.34M |
| YoY Change | 114.99% | 9.66% |
| Depreciation, Depletion And Amortization | $15.48M | $15.20M |
| YoY Change | -5.69% | -2.13% |
| Cash From Operating Activities | $76.12M | $21.12M |
| YoY Change | 27.86% | -39.83% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $8.701M | $9.206M |
| YoY Change | -37.81% | 39.46% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$6.615M | $312.0K |
| YoY Change | -57.19% | -92.4% |
| Cash From Investing Activities | -$15.32M | -$8.894M |
| YoY Change | -47.98% | 256.04% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -12.09M | -16.80M |
| YoY Change | -21.95% | -8.2% |
| NET CHANGE | ||
| Cash From Operating Activities | 76.12M | 21.12M |
| Cash From Investing Activities | -15.32M | -8.894M |
| Cash From Financing Activities | -12.09M | -16.80M |
| Net Change In Cash | 48.72M | -4.568M |
| YoY Change | 233.54% | -131.92% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $76.12M | $21.12M |
| Capital Expenditures | $8.701M | $9.206M |
| Free Cash Flow | $67.42M | $11.92M |
| YoY Change | 48.04% | -58.19% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.95 | ||
| CY2024Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.48 | |
| CY2024Q2 | stc |
Statutory Surplus Reserve Fund Balance
StatutorySurplusReserveFundBalance
|
518600000 | usd |
| CY2024Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
9600000 | usd |
| CY2024Q2 | stc |
Equity Securities Accumulated Unrealized Gain Loss
EquitySecuritiesAccumulatedUnrealizedGainLoss
|
17800000 | usd |
| CY2024Q2 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
607696000 | usd |
| CY2024Q2 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
584585000 | usd |
| CY2023Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
631294000 | usd |
| CY2023Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
610236000 | usd |
| CY2024Q2 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
1162000 | usd |
| CY2024Q2 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
24273000 | usd |
| CY2023Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
2635000 | usd |
| CY2023Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
23693000 | usd |
| CY2024Q2 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
|
72579000 | usd |
| CY2024Q2 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
75528000 | usd |
| CY2024Q2 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
|
325691000 | usd |
| CY2024Q2 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
|
311733000 | usd |
| CY2024Q2 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
|
197013000 | usd |
| CY2024Q2 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
|
186303000 | usd |
| CY2024Q2 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
|
12413000 | usd |
| CY2024Q2 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
|
11021000 | usd |
| CY2024Q2 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
607696000 | usd |
| CY2024Q2 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
584585000 | usd |
| CY2024Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
1338000 | usd |
| CY2024Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
22935000 | usd |
| CY2024Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
412388000 | usd |
| CY2024Q2 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
|
24273000 | usd |
| CY2024Q2 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
|
502870000 | usd |
| CY2024Q2 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
|
334 | investment |
| CY2024Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
|
278 | investment |
| CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
917000 | usd |
| CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
70643000 | usd |
| CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
22776000 | usd |
| CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
438304000 | usd |
| CY2023Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
|
23693000 | usd |
| CY2023Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
|
508947000 | usd |
| CY2024Q2 | us-gaap |
Equity Securities Fv Ni
EquitySecuritiesFvNi
|
76348000 | usd |
| CY2024Q2 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
660933000 | usd |
| CY2023Q4 | us-gaap |
Equity Securities Fv Ni
EquitySecuritiesFvNi
|
69700000 | usd |
| CY2023Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
679936000 | usd |
| CY2024Q2 | stc |
Investments Realized Gain
InvestmentsRealizedGain
|
116000 | usd |
| CY2024Q2 | stc |
Investments Realized Loss
InvestmentsRealizedLoss
|
89000 | usd |
| CY2024Q2 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
-541000 | usd |
| CY2024Q2 | us-gaap |
Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
|
-514000 | usd |
| CY2023Q2 | us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
|
-3200000 | usd |
| us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.90 | ||
| CY2024Q2 | stc |
Noncontrolling Interest Increase From Subsidiary Other
NoncontrollingInterestIncreaseFromSubsidiaryOther
|
54000 | usd |
| CY2024Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1371274000 | usd |
| CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1359752000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
15815000 | usd |
| CY2023Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.45 | |
| CY2023Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
12677000 | usd |
| CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4284000 | usd |
| CY2023Q2 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
82000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-5765000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
-221000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
4254000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
3967000 | usd |
| CY2023Q2 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
3774000 | usd |
| CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1365995000 | usd |
| CY2024Q2 | us-gaap |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
588438000 | usd |
| CY2024Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
90482000 | usd |
