2024 Q2 Form 10-Q Financial Statement

#000091636524000059 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $4.247B $3.395B
YoY Change 28.72%
Cost Of Revenue $2.691B $2.174B
YoY Change 26.38%
Gross Profit $1.556B $1.221B
YoY Change 32.97%
Gross Profit Margin 36.63% 35.96%
Selling, General & Admin $884.9M $853.4M
YoY Change 6.84%
% of Gross Profit 56.88% 69.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $109.3M $104.3M
YoY Change 12.37%
% of Gross Profit 7.02% 8.54%
Operating Expenses $994.2M $957.7M
YoY Change 20.03%
Operating Profit $561.5M $263.1M
YoY Change 129.69%
Interest Expense -$11.61M -$11.90M
YoY Change -191.58%
% of Operating Profit -2.07% -4.52%
Other Income/Expense, Net
YoY Change
Pretax Income $549.8M $251.2M
YoY Change 137.25%
Income Tax $124.7M $53.06M
% Of Pretax Income 22.67% 21.12%
Net Earnings $425.2M $198.2M
YoY Change 132.24%
Net Earnings / Revenue 10.01% 5.84%
Basic Earnings Per Share $3.95 $1.84
Diluted Earnings Per Share $3.93 $1.83
COMMON SHARES
Basic Shares Outstanding 107.8M shares 107.9M shares
Diluted Shares Outstanding 108.2M shares 108.5M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $394.7M $264.1M
YoY Change 107.68%
Cash & Equivalents $394.7M $264.1M
Short-Term Investments
Other Short-Term Assets $244.8M $206.7M
YoY Change 3.96%
Inventory $3.000B $3.049B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.640B $3.519B
YoY Change 5.22%
LONG-TERM ASSETS
Property, Plant & Equipment $5.792B $5.686B
YoY Change 170.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $83.50M $80.03M
YoY Change 102.41%
Total Long-Term Assets $6.145B $6.035B
YoY Change 14.01%
TOTAL ASSETS
Total Short-Term Assets $3.640B $3.519B
Total Long-Term Assets $6.145B $6.035B
Total Assets $9.785B $9.555B
YoY Change 10.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.437B $1.516B
YoY Change -5.9%
Accrued Expenses $1.010B $959.4M
YoY Change 113.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.405M $3.359M
YoY Change 20.83%
Total Short-Term Liabilities $2.545B $2.518B
YoY Change 8.29%
LONG-TERM LIABILITIES
Long-Term Debt $1.760B $1.760B
YoY Change 9.9%
Other Long-Term Liabilities $3.120B $3.084B
YoY Change 2479.26%
Total Long-Term Liabilities $4.880B $4.845B
YoY Change 183.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.545B $2.518B
Total Long-Term Liabilities $4.880B $4.845B
Total Liabilities $7.479B $7.431B
YoY Change 7.86%
SHAREHOLDERS EQUITY
Retained Earnings $6.668B $6.361B
YoY Change 17.11%
Common Stock $1.351B $1.334B
YoY Change 6.84%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.718B $5.577B
YoY Change 13.16%
Treasury Stock Shares
Shareholders Equity $2.305B $2.124B
YoY Change
Total Liabilities & Shareholders Equity $9.785B $9.555B
YoY Change 10.57%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $425.2M $198.2M
YoY Change 132.24%
Depreciation, Depletion And Amortization $109.3M $104.3M
YoY Change 12.37%
Cash From Operating Activities $559.9M $257.4M
YoY Change 2763.53%
INVESTING ACTIVITIES
Capital Expenditures $192.6M $157.2M
YoY Change 21.95%
Acquisitions
YoY Change
Other Investing Activities $13.54M $4.943M
YoY Change 5129.34%
Cash From Investing Activities -$179.1M -$152.3M
YoY Change 13.57%
FINANCING ACTIVITIES
Cash Dividend Paid $118.5M $118.8M
YoY Change 4.49%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -250.2M -238.1M
YoY Change -299.03%
NET CHANGE
Cash From Operating Activities 559.9M 257.4M
Cash From Investing Activities -179.1M -152.3M
Cash From Financing Activities -250.2M -238.1M
Net Change In Cash 130.7M -133.0M
YoY Change -1151.7%
FREE CASH FLOW
Cash From Operating Activities $559.9M $257.4M
Capital Expenditures $192.6M $157.2M
Free Cash Flow $367.3M $100.2M
YoY Change -365.42%

Facts In Submission

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CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2024Q1 tsco Noncash Right Of Use Assets And Operating Lease Liability
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CY2023Q2 tsco Noncash Right Of Use Assets And Operating Lease Liability
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CY2024Q1 tsco Noncash Finance Lease Assets And Liabilities From New Or Modified Leases
NoncashFinanceLeaseAssetsAndLiabilitiesFromNewOrModifiedLeases
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CY2023Q2 tsco Noncash Finance Lease Assets And Liabilities From New Or Modified Leases
NoncashFinanceLeaseAssetsAndLiabilitiesFromNewOrModifiedLeases
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CY2024Q1 us-gaap Supplier Finance Program Obligation
SupplierFinanceProgramObligation
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CY2023Q4 us-gaap Supplier Finance Program Obligation
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8102000 usd
CY2023Q4 us-gaap Cash Flow Hedge Derivative Instrument Assets At Fair Value
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Description And Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationDescriptionAndTerms
no
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ShareBasedCompensation
14400000 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
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198167000 usd
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107946000 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.84
CY2023Q2 us-gaap Net Income Loss
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183088000 usd
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110045000 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.66
CY2024Q1 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
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0 usd
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
582000 shares
CY2024Q1 tsco Dilutive Stock Options And Restricted Stock Units Outstanding Per Share
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0.01
CY2023Q2 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
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0 usd
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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736000 shares
CY2023Q2 tsco Dilutive Stock Options And Restricted Stock Units Outstanding Per Share
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0.01
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
198167000 usd
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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108528000 shares
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
183088000 usd
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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110781000 shares
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.65
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2024Q1 us-gaap Unsecured Debt
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1750000000 usd
CY2023Q4 us-gaap Unsecured Debt
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1750000000 usd
CY2023Q2 us-gaap Unsecured Debt
UnsecuredDebt
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CY2024Q1 us-gaap Deferred Finance Costs Net
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20300000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
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21000000.0 usd
CY2023Q2 us-gaap Deferred Finance Costs Net
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13400000 usd
CY2024Q1 tsco Unsecureddebtnetofdebtissuancecosts
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CY2024Q1 us-gaap Unsecured Debt Current
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CY2023Q4 us-gaap Unsecured Debt Current
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CY2023Q2 us-gaap Unsecured Debt Current
UnsecuredDebtCurrent
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CY2024Q1 us-gaap Long Term Debt Noncurrent
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1729700000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
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CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1601600000 usd
CY2024Q1 us-gaap Letters Of Credit Outstanding Amount
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62200000 usd
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58300000 usd
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CY2024Q1 us-gaap Debt Instrument Basis Spread On Variable Rate1
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CY2024Q1 tsco Debt Instrument Basis Spread On Variable Rate Minimum
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CY2024Q1 tsco Debt Instrument Basis Spread On Variable Rate Libor Plus Maximum
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0.01250
CY2024Q1 tsco Debt Instrument Basis Spread On Variable Rate Libor Plus
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0.01000
CY2024Q1 tsco Debt Instrument Basis Spread On Variable Rate Revolver
DebtInstrumentBasisSpreadOnVariableRateRevolver
0.00100
CY2024Q1 tsco Amountofincrementalcreditfacilitywhichwillresultinmodificationofdebtcovenants
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100 million
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0.211
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EffectiveIncomeTaxRateContinuingOperations
0.210
CY2024Q1 us-gaap Common Stock Shares Authorized
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400000000 shares
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
40000 shares
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
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1.10
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.03
CY2024Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
6500000000 usd
CY2024Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
930000000 usd
CY2024Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
496000 shares
CY2023Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
866000 shares
CY2024Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
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236.57
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TreasuryStockAcquiredAverageCostPerShare
227.67
CY2024Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
118543000 usd
CY2023Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
197168000 usd
CY2024Q1 us-gaap Contractual Obligation
ContractualObligation
24600000 usd
CY2024Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
62200000 usd
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2024Q1 us-gaap Contractual Obligation
ContractualObligation
24600000 usd
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0000916365-24-000059.txt Edgar Link pending
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tsco-20240330_def.xml Edgar Link unprocessable
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tsco-20240330_htm.xml Edgar Link completed