2023 Q1 Form 10-K Financial Statement

#000010577023000012 Filed on February 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $716.6M $708.7M $2.887B
YoY Change -0.47% -3.02% 1.95%
Cost Of Revenue $445.3M $446.6M $1.751B
YoY Change 2.27% 4.27% 5.73%
Gross Profit $271.3M $262.1M $1.136B
YoY Change -4.67% -13.36% -3.37%
Gross Profit Margin 37.86% 36.98% 39.36%
Selling, General & Admin $86.00M $85.70M $316.9M
YoY Change 3.12% -11.74% -12.65%
% of Gross Profit 31.7% 32.7% 27.89%
Research & Development $17.10M $15.90M $58.50M
YoY Change 17.12% 16.06% 10.8%
% of Gross Profit 6.3% 6.07% 5.15%
Depreciation & Amortization $30.70M $31.10M $120.6M
YoY Change 6.97% -9.59% -1.39%
% of Gross Profit 11.32% 11.87% 10.61%
Operating Expenses $103.1M $106.8M $375.4M
YoY Change 5.2% -6.48% -9.67%
Operating Profit $155.3M $155.3M $734.0M
YoY Change -18.13% -17.53% -2.43%
Interest Expense $2.200M $2.200M $7.900M
YoY Change 0.0% -164.71% -3.66%
% of Operating Profit 1.42% 1.42% 1.08%
Other Income/Expense, Net $2.600M -$800.0K -$54.10M
YoY Change -236.84% -157.14% 1491.18%
Pretax Income $157.9M $128.7M $394.4M
YoY Change -15.92% -29.25% -6.1%
Income Tax $23.60M $31.40M $114.7M
% Of Pretax Income 14.95% 24.4% 29.08%
Net Earnings $140.0M $103.0M $585.9M
YoY Change -19.45% -30.26% -11.47%
Net Earnings / Revenue 19.54% 14.53% 20.3%
Basic Earnings Per Share $1.88 $7.87
Diluted Earnings Per Share $1.85 $1.36 $7.73
COMMON SHARES
Basic Shares Outstanding 74.14M shares 74.03M shares 74.40M shares
Diluted Shares Outstanding 75.70M shares 75.80M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $886.3M $894.3M $894.3M
YoY Change 32.74% 17.27% 17.27%
Cash & Equivalents $886.3M $894.3M $894.3M
Short-Term Investments
Other Short-Term Assets $90.50M $103.0M $103.0M
YoY Change -15.89% -8.04% -8.04%
Inventory $447.0M $414.8M $414.8M
Prepaid Expenses
Receivables $513.4M $507.4M $507.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.937B $1.920B $1.920B
YoY Change 14.59% 10.19% 10.19%
LONG-TERM ASSETS
Property, Plant & Equipment $1.215B $1.158B $1.263B
YoY Change 14.01% 9.53% 12.06%
Goodwill $107.8M $107.3M
YoY Change -0.92% -2.37%
Intangibles $17.80M $18.40M
YoY Change -18.35% -20.0%
Long-Term Investments $200.9M $197.0M $204.9M
YoY Change 1.46% -2.09% -1.35%
Other Assets $36.70M $38.10M $104.0M
YoY Change -9.38% -2.81% -0.38%
Total Long-Term Assets $1.786B $1.697B $1.697B
YoY Change 11.36% 7.98% 7.98%
TOTAL ASSETS
Total Short-Term Assets $1.937B $1.920B $1.920B
Total Long-Term Assets $1.786B $1.697B $1.697B
Total Assets $3.724B $3.617B $3.617B
YoY Change 13.02% 9.14% 9.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $233.8M $215.4M $215.4M
YoY Change -5.8% -7.24% -7.24%
Accrued Expenses $81.90M $94.90M $159.2M
YoY Change -8.7% -25.86% -18.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.200M $2.200M $2.200M
YoY Change -95.02% -95.02% -95.02%
Total Short-Term Liabilities $534.9M $519.0M $519.0M
YoY Change -8.53% -12.64% -12.64%
LONG-TERM LIABILITIES
Long-Term Debt $206.1M $206.7M $206.7M
YoY Change -1.06% -1.01% -1.01%
Other Long-Term Liabilities $55.80M $51.60M $191.9M
YoY Change 46.07% 35.08% 12.49%
Total Long-Term Liabilities $261.9M $258.3M $398.6M
YoY Change 6.25% 4.57% 5.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $534.9M $519.0M $519.0M
Total Long-Term Liabilities $261.9M $258.3M $398.6M
Total Liabilities $947.4M $931.9M $931.9M
YoY Change -2.18% -4.75% -4.75%
SHAREHOLDERS EQUITY
Retained Earnings $3.114B $2.988B
YoY Change 18.96% 21.62%
Common Stock $18.80M $18.80M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $370.9M
YoY Change 61.61%
Treasury Stock Shares
Shareholders Equity $2.776B $2.685B $2.685B
YoY Change
Total Liabilities & Shareholders Equity $3.724B $3.617B $3.617B
YoY Change 13.02% 9.14% 9.14%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $140.0M $103.0M $585.9M
YoY Change -19.45% -30.26% -11.47%
Depreciation, Depletion And Amortization $30.70M $31.10M $120.6M
YoY Change 6.97% -9.59% -1.39%
Cash From Operating Activities $138.1M $230.8M $724.0M
YoY Change -8.66% 43.53% 23.97%
INVESTING ACTIVITIES
Capital Expenditures $82.10M $94.90M $284.6M
YoY Change 24.77% -224.05% 12.31%
Acquisitions
YoY Change
Other Investing Activities $0.00 $100.0K $3.600M
YoY Change -100.0% -111.11% -244.0%
Cash From Investing Activities -$82.10M -$94.80M -$288.2M
YoY Change 20.2% 22.48% 13.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $202.8M
YoY Change 47.92%
Debt Paid & Issued, Net $1.200M
YoY Change
Cash From Financing Activities -$71.00M -9.500M -$293.6M
YoY Change -58.89% 53.23% 74.66%
NET CHANGE
Cash From Operating Activities $138.1M 230.8M $724.0M
Cash From Investing Activities -$82.10M -94.80M -$288.2M
Cash From Financing Activities -$71.00M -9.500M -$293.6M
Net Change In Cash -$8.000M 126.5M $131.7M
YoY Change -91.57% 63.86% -10.47%
FREE CASH FLOW
Cash From Operating Activities $138.1M $230.8M $724.0M
Capital Expenditures $82.10M $94.90M $284.6M
Free Cash Flow $56.00M $135.9M $439.4M
YoY Change -34.43% -42.73% 32.91%

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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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131700000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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147100000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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176400000 usd
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