$WAB
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

2023 Q4 Form 10-Q Financial Statement

#000162828023035085 Filed on October 25, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $2.526B $2.550B
YoY Change 9.54% 22.54%
Cost Of Revenue $1.720B $1.758B
YoY Change 8.59% 22.68%
Gross Profit $806.0M $792.0M
YoY Change 11.63% 22.22%
Gross Profit Margin 31.91% 31.06%
Selling, General & Admin $267.0M $295.0M
YoY Change 1.14% 13.46%
% of Gross Profit 33.13% 37.25%
Research & Development $61.00M $53.00M
YoY Change 1.67% -1.85%
% of Gross Profit 7.57% 6.69%
Depreciation & Amortization $160.0M $125.0M
YoY Change 33.33% 71.23%
% of Gross Profit 19.85% 15.78%
Operating Expenses $427.0M $422.0M
YoY Change 7.56% 9.04%
Operating Profit $379.0M $370.0M
YoY Change 16.62% 41.76%
Interest Expense -$64.00M -$51.00M
YoY Change 77.78% 6.25%
% of Operating Profit -16.89% -13.78%
Other Income/Expense, Net $36.00M $10.00M
YoY Change -3700.0% 150.0%
Pretax Income $280.0M $320.0M
YoY Change 33.33% 47.47%
Income Tax $63.00M $78.00M
% Of Pretax Income 22.5% 24.38%
Net Earnings $215.0M $240.0M
YoY Change 36.08% 50.0%
Net Earnings / Revenue 8.51% 9.41%
Basic Earnings Per Share $1.34
Diluted Earnings Per Share $1.20 $1.33
COMMON SHARES
Basic Shares Outstanding 179.2M shares 179.1M shares
Diluted Shares Outstanding 179.2M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $620.0M $392.0M
YoY Change 14.6% -23.74%
Cash & Equivalents $620.0M $392.0M
Short-Term Investments
Other Short-Term Assets $267.0M $282.0M
YoY Change 14.59% 41.0%
Inventory $2.284B $2.246B
Prepaid Expenses
Receivables $1.160B $1.104B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.855B $4.634B
YoY Change 12.2% 10.36%
LONG-TERM ASSETS
Property, Plant & Equipment $1.485B $1.419B
YoY Change 3.92% 1.21%
Goodwill $8.780B $8.590B
YoY Change 3.2% 2.74%
Intangibles $3.205B $3.879B
YoY Change -5.79% -2.49%
Long-Term Investments $36.00M
YoY Change -65.71%
Other Assets $663.0M $890.0M
YoY Change -22.0% 0.0%
Total Long-Term Assets $14.13B $14.17B
YoY Change -0.39% 0.73%
TOTAL ASSETS
Total Short-Term Assets $4.855B $4.634B
Total Long-Term Assets $14.13B $14.17B
Total Assets $18.99B $18.80B
YoY Change 2.55% 2.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.250B $1.243B
YoY Change -3.92% 3.07%
Accrued Expenses $1.221B $1.210B
YoY Change 6.82% 2.54%
Deferred Revenue $804.0M $679.0M
YoY Change 4.15% -1.74%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $781.0M $759.0M
YoY Change 211.16% 202.39%
Total Short-Term Liabilities $4.056B $3.891B
YoY Change 16.99% 16.92%
LONG-TERM LIABILITIES
Long-Term Debt $3.288B $3.288B
YoY Change -12.34% -14.02%
Other Long-Term Liabilities $740.0M $787.0M
YoY Change 2.64% 13.73%
Total Long-Term Liabilities $4.028B $4.075B
YoY Change -9.93% -9.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.056B $3.891B
Total Long-Term Liabilities $4.028B $4.075B
Total Liabilities $8.464B $8.433B
YoY Change 1.14% 1.15%
SHAREHOLDERS EQUITY
Retained Earnings $5.269B $5.085B
YoY Change 15.12% 14.35%
Common Stock $7.979B $7.967B
YoY Change 0.3% 0.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.49B $10.33B
YoY Change
Total Liabilities & Shareholders Equity $18.99B $18.80B
YoY Change 2.55% 2.95%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $215.0M $240.0M
YoY Change 36.08% 50.0%
Depreciation, Depletion And Amortization $160.0M $125.0M
YoY Change 33.33% 71.23%
Cash From Operating Activities $686.0M $425.0M
YoY Change 67.32% 108.33%
INVESTING ACTIVITIES
Capital Expenditures $77.00M $39.00M
YoY Change 14.93% -221.88%
Acquisitions
YoY Change
Other Investing Activities -$79.00M -$4.000M
YoY Change 315.79% -95.12%
Cash From Investing Activities -$156.0M -$43.00M
YoY Change 81.4% 34.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -310.0M -353.0M
YoY Change -0.96% 153.96%
NET CHANGE
Cash From Operating Activities 686.0M 425.0M
Cash From Investing Activities -156.0M -43.00M
Cash From Financing Activities -310.0M -353.0M
Net Change In Cash 220.0M 29.00M
YoY Change 1900.0% -12.12%
FREE CASH FLOW
Cash From Operating Activities $686.0M $425.0M
Capital Expenditures $77.00M $39.00M
Free Cash Flow $609.0M $386.0M
YoY Change 77.55% 63.56%

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