2023 Q4 Form 10-Q Financial Statement

#000079307423000058 Filed on November 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $821.9M $817.7M
YoY Change -4.59% -1.19%
Cost Of Revenue $148.6M $150.6M
YoY Change -15.97% -16.33%
Gross Profit $673.3M $667.2M
YoY Change -1.65% 3.02%
Gross Profit Margin 81.92% 81.59%
Selling, General & Admin $558.7M $554.3M
YoY Change 3.04% 7.6%
% of Gross Profit 82.98% 83.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $75.71M $74.60M
YoY Change 2.55% 5.97%
% of Gross Profit 11.24% 11.18%
Operating Expenses $635.4M $629.2M
YoY Change 6.57% 10.12%
Operating Profit $37.93M $37.90M
YoY Change -57.08% -50.3%
Interest Expense -$7.630M $8.661M
YoY Change 4.79% 211.77%
% of Operating Profit -20.11% 22.85%
Other Income/Expense, Net -$100.0K -$7.362M
YoY Change -10.71% 213.41%
Pretax Income $30.20M $30.54M
YoY Change -62.71% -58.68%
Income Tax $6.970M $7.034M
% Of Pretax Income 23.08% 23.03%
Net Earnings $23.57M $23.70M
YoY Change -60.82% -56.94%
Net Earnings / Revenue 2.87% 2.9%
Basic Earnings Per Share $0.37
Diluted Earnings Per Share $0.37 $0.37
COMMON SHARES
Basic Shares Outstanding 63.39M shares 63.39M shares
Diluted Shares Outstanding 63.74M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.72M $42.80M
YoY Change -42.44% -65.95%
Cash & Equivalents $61.72M $42.75M
Short-Term Investments
Other Short-Term Assets $84.41M $100.7M
YoY Change 13.36% 52.89%
Inventory $18.08M $17.25M
Prepaid Expenses
Receivables $444.9M $449.8M
Other Receivables $25.48M $26.40M
Total Short-Term Assets $634.6M $644.8M
YoY Change -16.78% -11.73%
LONG-TERM ASSETS
Property, Plant & Equipment $1.973B $1.987B
YoY Change 8.09% 15.58%
Goodwill $129.1M $129.1M
YoY Change -2.72% 73.52%
Intangibles $86.48M $88.99M
YoY Change 6.1% 73.69%
Long-Term Investments
YoY Change
Other Assets $334.8M $344.7M
YoY Change 13.43% 21.42%
Total Long-Term Assets $2.523B $2.550B
YoY Change 8.08% 19.78%
TOTAL ASSETS
Total Short-Term Assets $634.6M $644.8M
Total Long-Term Assets $2.523B $2.550B
Total Assets $3.158B $3.194B
YoY Change 1.96% 11.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $136.0M $129.0M
YoY Change 9.24% 11.35%
Accrued Expenses $162.6M $27.72M
YoY Change 698.83% -12.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $14.70M
YoY Change
Long-Term Debt Due $2.500M $3.750M
YoY Change -60.0% -25.0%
Total Short-Term Liabilities $330.6M $329.7M
YoY Change 6.81% 8.93%
LONG-TERM LIABILITIES
Long-Term Debt $646.3M $686.3M
YoY Change -6.0% 20.66%
Other Long-Term Liabilities $294.0M $52.58M
YoY Change 392.61% 22.95%
Total Long-Term Liabilities $940.2M $738.8M
YoY Change 25.84% 20.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $330.6M $329.7M
Total Long-Term Liabilities $940.2M $738.8M
Total Liabilities $1.630B $1.643B
YoY Change 0.91% 14.6%
SHAREHOLDERS EQUITY
Retained Earnings $1.953B $1.939B
YoY Change 4.13% 6.29%
Common Stock $135.7M $133.8M
YoY Change 3.87% 4.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.528B $1.512B
YoY Change
Total Liabilities & Shareholders Equity $3.158B $3.194B
YoY Change 1.96% 11.73%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $23.57M $23.70M
YoY Change -60.82% -56.94%
Depreciation, Depletion And Amortization $75.71M $74.60M
YoY Change 2.55% 5.97%
Cash From Operating Activities $118.3M $74.20M
YoY Change 2.03% 13.82%
INVESTING ACTIVITIES
Capital Expenditures $68.70M $168.8M
YoY Change -46.05% -210.64%
Acquisitions
YoY Change
Other Investing Activities $35.81M $47.00M
YoY Change -130.28% -12.15%
Cash From Investing Activities -$32.89M -$121.8M
YoY Change -86.61% 22.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -67.09M 44.20M
YoY Change -160.67% -58.06%
NET CHANGE
Cash From Operating Activities 118.3M 74.20M
Cash From Investing Activities -32.89M -121.8M
Cash From Financing Activities -67.09M 44.20M
Net Change In Cash 18.36M -3.400M
YoY Change -196.62% -104.75%
FREE CASH FLOW
Cash From Operating Activities $118.3M $74.20M
Capital Expenditures $68.70M $168.8M
Free Cash Flow $49.65M -$94.60M
YoY Change -537.23% -143.44%

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