2022 Q1 Form 10-Q Financial Statement

#000175789822000005 Filed on February 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $1.211B $1.209B $873.5M
YoY Change 38.6% 49.45% 6.14%
Cost Of Revenue $639.1M $670.9M $493.7M
YoY Change 29.44% 44.87% 7.35%
Gross Profit $571.6M $538.1M $379.8M
YoY Change 50.5% 55.59% 4.61%
Gross Profit Margin 47.21% 44.51% 43.48%
Selling, General & Admin $453.6M $310.6M $221.1M
YoY Change 105.17% 70.29% 16.92%
% of Gross Profit 79.36% 57.71% 58.21%
Research & Development $26.10M $24.82M $17.50M
YoY Change 49.13% 51.02% 1.74%
% of Gross Profit 4.57% 4.61% 4.61%
Depreciation & Amortization $233.8M $117.6M $59.00M
YoY Change 296.32% 107.06% 15.91%
% of Gross Profit 40.91% 21.86% 15.53%
Operating Expenses $479.7M $335.2M $238.6M
YoY Change 101.06% 68.58% 15.66%
Operating Profit $91.89M $202.9M $141.2M
YoY Change -34.93% 38.02% -9.93%
Interest Expense -$20.39M $22.97M -$8.600M
YoY Change 137.14% 158.13% -12.24%
% of Operating Profit -22.19% 11.32% -6.09%
Other Income/Expense, Net $0.00 -$20.52M
YoY Change 170.05%
Pretax Income $71.46M $182.4M $137.5M
YoY Change -48.03% 30.82% -7.16%
Income Tax $19.41M $39.32M $49.40M
% Of Pretax Income 27.16% 21.55% 35.93%
Net Earnings $52.26M $143.6M $87.44M
YoY Change -40.23% 25.43% -28.67%
Net Earnings / Revenue 4.32% 11.88% 10.01%
Basic Earnings Per Share $0.52 $1.44 $1.02
Diluted Earnings Per Share $0.52 $1.42 $1.02
COMMON SHARES
Basic Shares Outstanding 100.1M shares 100.0M shares 85.35M shares
Diluted Shares Outstanding 100.8M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $348.3M $359.1M $220.5M
YoY Change 57.97% 42.21% -31.01%
Cash & Equivalents $348.3M $359.1M $220.5M
Short-Term Investments
Other Short-Term Assets $156.6M $221.3M $66.80M
YoY Change 134.49% 201.87% 22.79%
Inventory $575.0M $594.6M $315.1M
Prepaid Expenses
Receivables $799.0M $752.1M $609.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.879B $1.927B $1.212B
YoY Change 55.06% 63.86% -1.0%
LONG-TERM ASSETS
Property, Plant & Equipment $1.553B $1.522B $1.235B
YoY Change 25.67% 24.02% 11.11%
Goodwill $4.404B $5.115B $3.026B
YoY Change 45.55% 74.79% 28.44%
Intangibles $3.329B $2.876B $898.4M
YoY Change 270.49% 175.51% 58.88%
Long-Term Investments
YoY Change
Other Assets $70.66M $55.90M $52.72M
YoY Change 34.03% -2.98% 2.21%
Total Long-Term Assets $9.545B $9.763B $5.363B
YoY Change 77.98% 80.64% 27.17%
TOTAL ASSETS
Total Short-Term Assets $1.879B $1.927B $1.212B
Total Long-Term Assets $9.545B $9.763B $5.363B
Total Assets $11.42B $11.69B $6.574B
YoY Change 73.76% 77.64% 20.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $225.7M $207.2M $157.0M
YoY Change 43.83% 54.05% 5.1%
Accrued Expenses $306.5M $328.5M $220.6M
YoY Change 38.99% 77.9% 14.76%
Deferred Revenue
YoY Change
Short-Term Debt $142.9M $127.9M $0.00
YoY Change
Long-Term Debt Due $142.9M $127.9M
YoY Change
Total Short-Term Liabilities $922.2M $904.3M $577.9M
YoY Change 59.58% 78.76% 14.76%
LONG-TERM LIABILITIES
Long-Term Debt $2.945B $3.175B $1.651B
YoY Change 78.46% 85.34% 43.46%
Other Long-Term Liabilities $75.58M $74.76M $88.01M
YoY Change -14.12% -16.25% -2.59%
Total Long-Term Liabilities $3.021B $3.250B $1.739B
YoY Change 73.77% 80.31% 40.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $922.2M $904.3M $577.9M
Total Long-Term Liabilities $3.021B $3.250B $1.739B
Total Liabilities $4.879B $5.066B $2.683B
YoY Change 81.85% 87.46% 32.65%
SHAREHOLDERS EQUITY
Retained Earnings $1.999B $1.990B $1.939B
YoY Change 3.09% 6.27% 16.93%
Common Stock $4.743B $4.758B $2.003B
YoY Change 136.81% 138.29% 1.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.532B $6.611B $3.881B
YoY Change
Total Liabilities & Shareholders Equity $11.42B $11.69B $6.574B
YoY Change 73.76% 77.64% 20.83%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $52.26M $143.6M $87.44M
YoY Change -40.23% 25.43% -28.67%
Depreciation, Depletion And Amortization $233.8M $117.6M $59.00M
YoY Change 296.32% 107.06% 15.91%
Cash From Operating Activities $171.7M $244.3M $187.8M
YoY Change -8.56% 18.77% -5.77%
INVESTING ACTIVITIES
Capital Expenditures -$73.07M -$81.12M -$74.80M
YoY Change -2.31% 50.78% 22.82%
Acquisitions
YoY Change
Other Investing Activities $166.6M $1.322M -$43.50M
YoY Change -483.1% -100.15% -4054.55%
Cash From Investing Activities $93.58M -$79.80M -$118.3M
YoY Change -179.1% -91.35% 98.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.877M
YoY Change 2165.35%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -274.6M -189.3M -96.90M
YoY Change 183.39% -129.49% 953.26%
NET CHANGE
Cash From Operating Activities 171.7M 244.3M 187.8M
Cash From Investing Activities 93.58M -79.80M -118.3M
Cash From Financing Activities -274.6M -189.3M -96.90M
Net Change In Cash -9.301M -24.75M -27.40M
YoY Change -66.05% -67.22% -121.01%
FREE CASH FLOW
Cash From Operating Activities $171.7M $244.3M $187.8M
Capital Expenditures -$73.07M -$81.12M -$74.80M
Free Cash Flow $244.8M $325.4M $262.6M
YoY Change -6.78% 25.41% 0.92%

Facts In Submission

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CommonStockDividendsPerShareDeclared
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us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.26
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.17
CY2021Q4 us-gaap Profit Loss
ProfitLoss
143094000 USD
CY2020Q4 us-gaap Profit Loss
ProfitLoss
114588000 USD
us-gaap Profit Loss
ProfitLoss
190817000 USD
us-gaap Profit Loss
ProfitLoss
310127000 USD
CY2021Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2020Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
87000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-810000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
171000 USD
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
143623000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
114501000 USD
us-gaap Net Income Loss
NetIncomeLoss
191627000 USD
us-gaap Net Income Loss
NetIncomeLoss
309956000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
174000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
173000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
523000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
520000 USD
CY2021Q4 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-507000 USD
CY2020Q4 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-510000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
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CY2021Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-30638000 USD
CY2020Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
128737000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
234607000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-31145000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
128227000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-75635000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
233077000 USD
CY2021Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
112478000 USD
CY2020Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
242728000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
115992000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
543033000 USD
us-gaap Profit Loss
ProfitLoss
190817000 USD
us-gaap Profit Loss
ProfitLoss
310127000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
319273000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
160193000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3141000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-842000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
47909000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
19924000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-863000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-865000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-893000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-5000 USD
ste Fair Value Adjustment Related To Convertible Debt Liability
FairValueAdjustmentRelatedToConvertibleDebtLiability
27806000 USD
ste Fair Value Adjustment Related To Convertible Debt Liability
FairValueAdjustmentRelatedToConvertibleDebtLiability
0 USD
ste Amortization Of Inventory Fair Value Adjustments
AmortizationOfInventoryFairValueAdjustments
86665000 USD
ste Amortization Of Inventory Fair Value Adjustments
AmortizationOfInventoryFairValueAdjustments
0 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1520000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4494000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-21493000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-60574000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
92138000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9334000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
63393000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8906000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
214491000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-11053000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-30974000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-17676000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-4341000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
513080000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
501785000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
164497000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1709000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
417000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
547353000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
869431000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2392000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-760135000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1035903000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
1350000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
650000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
550000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
125000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
721284000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
35000000 USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
371361000 USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-203805000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
23782000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
17247000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3122000 USD
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
32583000 USD
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
2968000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
27628000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
14560000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
120118000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
99696000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
997000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
627000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
3672000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2258000 USD
ste Payments For Acquisition Of Subsidiary Interests In Noncontrolling Interest
PaymentsForAcquisitionOfSubsidiaryInterestsInNoncontrollingInterest
0 USD
ste Payments For Acquisition Of Subsidiary Interests In Noncontrolling Interest
PaymentsForAcquisitionOfSubsidiaryInterestsInNoncontrollingInterest
3552000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
6789000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
26018000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
390438000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
442533000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-4825000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
24506000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
138558000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
220531000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
319581000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
359089000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
252502000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6544931000 USD
CY2021Q4 us-gaap Profit Loss
ProfitLoss
143094000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-31145000 USD
CY2021Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2877000 USD
CY2021Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
8957000 USD
CY2021Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.43
CY2021Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
43011000 USD
CY2021Q4 ste Noncontrolling Interest Increase From Contributions To Noncontrolling Interest Holders
NoncontrollingInterestIncreaseFromContributionsToNoncontrollingInterestHolders
3672000 USD
CY2021Q4 ste Increase Decrease In Noncontrolling Interests Other
IncreaseDecreaseInNoncontrollingInterestsOther
48000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6623669000 USD
ste Consideration Related To Equity Component Of Cantel Convertible Debt
ConsiderationRelatedToEquityComponentOfCantelConvertibleDebt
175555000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
120118000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
2689317000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3891468000 USD
us-gaap Profit Loss
ProfitLoss
190817000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-75635000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
27628000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
54465000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.26
ste Consideration Related To Cantel Equity Compensation Programs
ConsiderationRelatedToCantelEquityCompensationPrograms
18173000 USD
ste Reclassification To Cantel Convertible Debt Premium Liability
ReclassificationToCantelConvertibleDebtPremiumLiability
175555000 USD
ste Noncontrolling Interest Increase From Contributions To Noncontrolling Interest Holders
NoncontrollingInterestIncreaseFromContributionsToNoncontrollingInterestHolders
3672000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
997000 USD
ste Increase Decrease In Noncontrolling Interests Other
IncreaseDecreaseInNoncontrollingInterestsOther
135000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6623669000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3675348000 USD
CY2020Q4 us-gaap Profit Loss
ProfitLoss
114588000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
128227000 USD
CY2020Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
127000 USD
CY2020Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
11380000 USD
CY2020Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.40
CY2020Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
34136000 USD
CY2020Q4 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
627000 USD
CY2020Q4 ste Payment For Acquisition Of Subsidiarys Interests In Noncontrolling Interest
PaymentForAcquisitionOfSubsidiarysInterestsInNoncontrollingInterest
3552000 USD
CY2020Q4 ste Increase Decrease In Noncontrolling Interests Other
IncreaseDecreaseInNoncontrollingInterestsOther
-16000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3891085000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3418210000 USD
us-gaap Profit Loss
ProfitLoss
310127000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
233077000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
14560000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
45744000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.17
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
99696000 USD
ste Noncontrolling Interest Increase From Contributions To Noncontrolling Interest Holders
NoncontrollingInterestIncreaseFromContributionsToNoncontrollingInterestHolders
2258000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
627000 USD
ste Payment For Acquisition Of Subsidiarys Interests In Noncontrolling Interest
PaymentForAcquisitionOfSubsidiarysInterestsInNoncontrollingInterest
3552000 USD
ste Increase Decrease In Noncontrolling Interests Other
IncreaseDecreaseInNoncontrollingInterestsOther
104000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3891085000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:15.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We make certain estimates and assumptions when preparing financial statements according to U.S. GAAP that affect the reported amounts of assets and liabilities at the financial statement dates and the reported amounts of revenues and expenses during the periods presented. These estimates and assumptions involve judgments with respect to many factors that are difficult to predict and are beyond our control. Actual results could be materially different from these estimates. We revise the estimates and assumptions as new information becomes available. This means that operating results for the three and nine month periods ended December 31, 2021 are not necessarily indicative of results that may be expected for future quarters or for the full fiscal year ending March 31, 2022.</span></div>
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
42942000 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
38181000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1570000000 USD
CY2021Q4 dei Entity Number Of Employees
EntityNumberOfEmployees
3700
CY2021Q4 ste Cantel Acquisition Assumed Debt Obligations
CantelAcquisitionAssumedDebtObligations
721284000 USD
CY2021Q4 ste Contingent Consideration Liability Assumed In Cantel Combination
ContingentConsiderationLiabilityAssumedInCantelCombination
25000000 USD
CY2021Q4 ste Net Sales Attributable To Cantel
NetSalesAttributableToCantel
306522000 USD
CY2021Q4 ste Operating Loss Income Attributable To Cantel
OperatingLossIncomeAttributableToCantel
15958000 USD
ste Net Sales Attributable To Cantel
NetSalesAttributableToCantel
721183000 USD
ste Operating Loss Income Attributable To Cantel
OperatingLossIncomeAttributableToCantel
-175178000 USD
CY2021Q4 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1208971000 USD
CY2020Q4 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1106542000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
3579475000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
3011681000 USD
CY2021Q4 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
152176000 USD
CY2020Q4 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
92903000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
383193000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
30797000 USD
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
210358000 USD
CY2021Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
103939000 USD
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
77339000 USD
CY2021Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
54283000 USD
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
334531000 USD
CY2021Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
176623000 USD
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
27629000 USD
CY2021Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
19778000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
594599000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
315067000 USD
CY2021Q4 us-gaap Land
Land
80783000 USD
CY2021Q1 us-gaap Land
Land
69477000 USD
CY2021Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
639928000 USD
CY2021Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
567132000 USD
CY2021Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
885656000 USD
CY2021Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
779044000 USD
CY2021Q4 ste Capitalized Computer Hardware Software Gross
CapitalizedComputerHardwareSoftwareGross
223722000 USD
CY2021Q1 ste Capitalized Computer Hardware Software Gross
CapitalizedComputerHardwareSoftwareGross
193222000 USD
CY2021Q4 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
589273000 USD
CY2021Q1 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
565681000 USD
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
341042000 USD
CY2021Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
211381000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2760404000 USD
CY2021Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2385937000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1238817000 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1150537000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1521587000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1235400000 USD
CY2021Q4 ste Term Loan Current Portion
TermLoanCurrentPortion
20625000 USD
CY2021Q1 ste Term Loan Current Portion
TermLoanCurrentPortion
0 USD
CY2021Q4 ste Delayed Draw Term Loan Current Portion
DelayedDrawTermLoanCurrentPortion
16250000 USD
CY2021Q1 ste Delayed Draw Term Loan Current Portion
DelayedDrawTermLoanCurrentPortion
0 USD
CY2021Q4 us-gaap Senior Notes Current
SeniorNotesCurrent
91000000 USD
CY2021Q1 us-gaap Senior Notes Current
SeniorNotesCurrent
0 USD
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
127875000 USD
CY2021Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2021Q4 us-gaap Senior Long Term Notes
SeniorLongTermNotes
763278000 USD
CY2021Q1 us-gaap Senior Long Term Notes
SeniorLongTermNotes
860308000 USD
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
46538000 USD
CY2021Q1 us-gaap Line Of Credit
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Commitments and Contingencies <div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are, and will likely continue to be, involved in a number of legal proceedings, government investigations, and claims, which we believe generally arise in the course of our business, given our size, history, complexity, and the nature of our business, products, Customers, regulatory environment, and industries in which we participate. These legal proceedings, investigations and claims generally involve a variety of legal theories and allegations, including, without limitation, personal injury (e.g., slip and falls, burns, vehicle accidents), product liability or regulation (e.g., based on product operation or claimed malfunction, failure to warn, failure to meet specification, or failure to comply with regulatory requirements), product exposure (e.g., claimed exposure to chemicals, asbestos, contaminants, radiation), property damage (e.g., claimed damage due to leaking equipment, fire, vehicles, chemicals), commercial claims (e.g., breach of contract, economic loss, warranty, misrepresentation), financial (e.g., taxes, reporting), employment (e.g., wrongful termination, discrimination, benefits matters), and other claims for damage and relief.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe we have adequately reserved for our current litigation and claims that are probable and estimable, and further believe that the ultimate outcome of these pending lawsuits and claims will not have a material adverse effect on our consolidated financial position or results of operations taken as a whole. Due to their inherent uncertainty, however, there can be no assurance of the ultimate outcome or effect of current or future litigation, investigations, claims or other proceedings (including without limitation the matters discussed below). For certain types of claims, we presently maintain insurance coverage for personal injury and property damage and other liability coverages in amounts and with deductibles that we believe are prudent, but there can be no assurance that these coverages will be applicable or adequate to cover adverse outcomes of claims or legal proceedings against us.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Civil, criminal, regulatory or other proceedings involving our products or services could possibly result in judgments, settlements or administrative or judicial decrees requiring us, among other actions, to pay damages or fines or effect recalls, or be subject to other governmental, Customer or other third party claims or remedies, which could materially effect our business, performance, prospects, value, financial condition, and results of operations.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For additional information regarding these matters, see the following portions of our Annual Report on Form 10-K for the year ended March 31, 2021 dated May 28, 2021: Item 1 titled “Business - Information with respect to our Business in General - Government Regulation,” and the “Risk Factors” in Item 1A titled "Product related regulations and claims."</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">From time to time, STERIS is also involved in legal proceedings as a plaintiff involving contract, patent protection, and other claims asserted by us. Gains, if any, from these proceedings are recognized when they are realized.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are subject to taxation from United States federal, state and local, and non-U.S. jurisdictions. Tax positions are settled primarily through the completion of audits within each individual jurisdiction or the closing of statutes of limitation. Changes in applicable tax law or other events may also require us to revise past estimates. We describe income taxes further in Note 7 to our consolidated financial statements titled, “Income Tax Expense” in this Quarterly Report on Form 10-Q.</span></div>
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
37.52
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
27.66
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
66715000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M12D
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9406000 USD
us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
4769000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
12835000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
13011000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
13999000 USD
CY2021Q4 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
28000 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-200000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
210000 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
138000 USD
CY2021Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
19642000 USD
CY2021Q2 ste Contingent Consideration Liability Assumed In Cantel Combination
ContingentConsiderationLiabilityAssumedInCantelCombination
25000000 USD
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
12864000 USD
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-105733000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-61243000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-30063000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-72363000 USD
CY2021Q4 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1082000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-3272000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-31145000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-75635000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-136878000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-136878000 USD
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-130613000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-235463000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
129060000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
235579000 USD
CY2020Q4 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-833000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2502000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
128227000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
233077000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2386000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2386000 USD

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