2022 Q2 Form 10-Q Financial Statement

#000003069722000006 Filed on May 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q2
Revenue $488.6M $473.2M $460.2M
YoY Change 6.18% -0.23% 14.39%
Cost Of Revenue $185.1M $170.1M $156.9M
YoY Change 17.98% -1.01% 11.54%
Gross Profit $303.6M $303.1M $303.4M
YoY Change 0.08% 0.21% 15.93%
Gross Profit Margin 62.13% 64.06% 65.92%
Selling, General & Admin $189.1M $196.9M $179.4M
YoY Change 5.4% 7.05% 11.29%
% of Gross Profit 62.28% 64.94% 59.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.23M $32.30M $31.54M
YoY Change 5.35% -5.29% -9.14%
% of Gross Profit 10.95% 10.65% 10.4%
Operating Expenses $219.8M $231.1M $207.5M
YoY Change 5.95% 6.29% 6.19%
Operating Profit $74.88M $72.06M $83.12M
YoY Change -9.91% -15.33% 37.03%
Interest Expense $26.37M -$20.56M $28.79M
YoY Change -8.41% -30.55% -1.03%
% of Operating Profit 35.21% -28.53% 34.63%
Other Income/Expense, Net $207.0K $220.0K $126.0K
YoY Change 64.29% -26.67% -187.5%
Pretax Income $50.83M $50.96M $54.47M
YoY Change -6.67% 7.06% 73.28%
Income Tax $13.43M -$1.170M $13.10M
% Of Pretax Income 26.42% -2.3% 24.05%
Net Earnings $37.40M $52.13M $41.37M
YoY Change -9.58% 34.71% 66.1%
Net Earnings / Revenue 7.65% 11.02% 8.99%
Basic Earnings Per Share $0.17 $0.19
Diluted Earnings Per Share $0.17 $236.5K $0.18
COMMON SHARES
Basic Shares Outstanding 215.6M shares 215.2M shares 223.3M shares
Diluted Shares Outstanding 218.2M shares 226.7M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $741.2M $249.4M $316.5M
YoY Change 134.19% -18.75% -6.36%
Cash & Equivalents $741.2M $249.4M $316.5M
Short-Term Investments
Other Short-Term Assets $214.5M $217.9M $220.0M
YoY Change -2.49% -18.07% -0.45%
Inventory $5.945M $5.934M $4.733M
Prepaid Expenses
Receivables $118.2M $101.5M $100.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.080B $592.8M $641.5M
YoY Change 68.33% -13.78% -8.08%
LONG-TERM ASSETS
Property, Plant & Equipment $895.7M $906.9M $898.4M
YoY Change -0.3% -0.99% -3.91%
Goodwill $775.5M $775.3M $752.0M
YoY Change 3.14% 3.23% 0.38%
Intangibles $1.273B $1.281B $1.219B
YoY Change 4.42% 4.56% -1.21%
Long-Term Investments $39.35M $39.87M $43.74M
YoY Change -10.05% -10.55% -85.49%
Other Assets $148.2M $139.1M $124.4M
YoY Change 19.15% 15.89% 10.79%
Total Long-Term Assets $4.483B $4.509B $4.315B
YoY Change 3.9% 3.59% -1.31%
TOTAL ASSETS
Total Short-Term Assets $1.080B $592.8M $641.5M
Total Long-Term Assets $4.483B $4.509B $4.315B
Total Assets $5.563B $5.101B $4.957B
YoY Change 12.23% 1.22% -2.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.15M $41.16M $29.33M
YoY Change 13.05% 32.51% 42.38%
Accrued Expenses $129.2M $140.8M $140.7M
YoY Change -8.21% -9.36% 24.3%
Deferred Revenue $9.953M $9.084M $8.715M
YoY Change 14.21% 4.52%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $29.25M $24.25M $31.25M
YoY Change -6.4% -16.27% -78.71%
Total Short-Term Liabilities $407.6M $426.9M $396.5M
YoY Change 2.81% 3.29% -19.51%
LONG-TERM LIABILITIES
Long-Term Debt $2.837B $2.356B $2.206B
YoY Change 28.62% 6.23% -1.48%
Other Long-Term Liabilities $109.3M $112.9M $115.4M
YoY Change -5.28% -4.05% -7.03%
Total Long-Term Liabilities $2.946B $2.469B $2.321B
YoY Change 26.93% 5.71% -1.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $407.6M $426.9M $396.5M
Total Long-Term Liabilities $2.946B $2.469B $2.321B
Total Liabilities $5.109B $4.665B $4.436B
YoY Change 15.16% 3.89% -3.28%
SHAREHOLDERS EQUITY
Retained Earnings $354.7M $344.2M $259.9M
YoY Change 36.48% 44.21% 38.91%
Common Stock $47.04M $47.04M $47.04M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.822B $2.805B $2.640B
YoY Change 6.89% 8.49% 2.31%
Treasury Stock Shares 255.0M shares 254.6M shares 248.6M shares
Shareholders Equity $454.5M $436.4M $520.7M
YoY Change
Total Liabilities & Shareholders Equity $5.563B $5.101B $4.957B
YoY Change 12.23% 1.22% -2.24%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q2
OPERATING ACTIVITIES
Net Income $37.40M $52.13M $41.37M
YoY Change -9.58% 34.71% 66.1%
Depreciation, Depletion And Amortization $33.23M $32.30M $31.54M
YoY Change 5.35% -5.29% -9.14%
Cash From Operating Activities $20.98M $69.10M $85.83M
YoY Change -75.55% -12.09% 71.66%
INVESTING ACTIVITIES
Capital Expenditures -$12.50M -$34.58M -$10.40M
YoY Change 20.15% 43.5% -38.1%
Acquisitions $0.00 -$4.879M
YoY Change -100.0%
Other Investing Activities -$551.0K -$135.1M $5.300M
YoY Change -110.4% 4122.75% 32.5%
Cash From Investing Activities -$13.05M -$169.7M -$5.085M
YoY Change 156.58% 521.65% -60.27%
FINANCING ACTIVITIES
Cash Dividend Paid $26.91M $20.16M
YoY Change 33.51%
Common Stock Issuance & Retirement, Net $0.00 $55.61M
YoY Change -100.0%
Debt Paid & Issued, Net $6.063M $11.90M
YoY Change -49.05%
Cash From Financing Activities $452.8M -185.3M -$91.66M
YoY Change -593.99% 334.88% 507.03%
NET CHANGE
Cash From Operating Activities $20.98M 69.10M $85.83M
Cash From Investing Activities -$13.05M -169.7M -$5.085M
Cash From Financing Activities $452.8M -185.3M -$91.66M
Net Change In Cash $461.0M -285.9M -$10.09M
YoY Change -4667.49% -3385.9% -145.67%
FREE CASH FLOW
Cash From Operating Activities $20.98M $69.10M $85.83M
Capital Expenditures -$12.50M -$34.58M -$10.40M
Free Cash Flow $33.48M $103.7M $96.23M
YoY Change -65.21% 0.96% 44.06%

Facts In Submission

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