2023 Q4 Form 10-Q Financial Statement

#000152447223000041 Filed on October 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023 Q2
Revenue $2.118B $2.076B $1.722B
YoY Change 40.64% 50.43% 26.25%
Cost Of Revenue $1.362B $1.312B $1.071B
YoY Change 45.98% 53.27% 26.9%
Gross Profit $756.0M $764.0M $651.0M
YoY Change 31.94% 45.8% 25.19%
Gross Profit Margin 35.69% 36.8% 37.8%
Selling, General & Admin $466.0M $491.0M $407.0M
YoY Change 47.94% 67.01% 29.62%
% of Gross Profit 61.64% 64.27% 62.52%
Research & Development $60.00M $61.00M $58.00M
YoY Change 11.11% 29.79% 9.43%
% of Gross Profit 7.94% 7.98% 8.91%
Depreciation & Amortization $137.0M $147.0M $92.00M
YoY Change 128.33% 153.45% 55.93%
% of Gross Profit 18.12% 19.24% 14.13%
Operating Expenses $526.0M $552.0M $465.0M
YoY Change 42.55% 61.88% 26.7%
Operating Profit $230.0M $191.0M $186.0M
YoY Change 12.75% 13.69% 27.4%
Interest Expense -$14.00M $14.00M -$12.00M
YoY Change 7.69% 16.67% -200.0%
% of Operating Profit -6.09% 7.33% -6.45%
Other Income/Expense, Net $14.00M $8.000M $7.000M
YoY Change 180.0% 700.0% 250.0%
Pretax Income $210.0M $185.0M $114.0M
YoY Change 11.11% 988.24% -16.18%
Income Tax -$56.00M $33.00M $22.00M
% Of Pretax Income -26.67% 17.84% 19.3%
Net Earnings $266.0M $152.0M $92.00M
YoY Change 78.52% 1166.67% -17.86%
Net Earnings / Revenue 12.56% 7.32% 5.34%
Basic Earnings Per Share $0.63 $0.45
Diluted Earnings Per Share $1.10 $0.63 $0.45
COMMON SHARES
Basic Shares Outstanding 241.1M shares 240.8M shares 180.6M shares
Diluted Shares Outstanding 242.2M shares 206.7M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.019B $705.0M $708.0M
YoY Change 7.94% -40.56% -36.39%
Cash & Equivalents $1.019B $705.0M $708.0M
Short-Term Investments
Other Short-Term Assets $230.0M $213.0M $225.0M
YoY Change 32.95% 42.0% 21.62%
Inventory $1.018B $1.080B $1.143B
Prepaid Expenses
Receivables $1.617B $1.653B $1.659B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.884B $3.651B $3.735B
YoY Change 28.95% 14.42% 17.67%
LONG-TERM ASSETS
Property, Plant & Equipment $1.169B $1.132B $1.144B
YoY Change 85.56% 93.5% 88.16%
Goodwill $7.587B $7.149B $7.108B
YoY Change 179.04% 171.1% 161.9%
Intangibles $2.529B $3.039B $3.188B
YoY Change 171.94% 225.72% 226.97%
Long-Term Investments
YoY Change
Other Assets $943.0M $934.0M $922.0M
YoY Change 42.66% 22.89% 28.41%
Total Long-Term Assets $12.23B $12.25B $12.36B
YoY Change 147.53% 149.32% 146.5%
TOTAL ASSETS
Total Short-Term Assets $3.884B $3.651B $3.735B
Total Long-Term Assets $12.23B $12.25B $12.36B
Total Assets $16.11B $15.91B $16.10B
YoY Change 102.62% 96.21% 96.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $968.0M $943.0M $968.0M
YoY Change 33.89% 52.59% 49.38%
Accrued Expenses $1.221B $1.160B $622.0M
YoY Change 40.83% 40.1% -20.46%
Deferred Revenue
YoY Change
Short-Term Debt $16.00M $0.00 $75.00M
YoY Change
Long-Term Debt Due $38.00M $17.00M $165.0M
YoY Change -96.48% -68.33%
Total Short-Term Liabilities $2.205B $2.120B $2.282B
YoY Change 38.68% 9.9% 16.97%
LONG-TERM LIABILITIES
Long-Term Debt $2.268B $2.253B $2.267B
YoY Change 20.64% 19.84% 20.65%
Other Long-Term Liabilities $906.0M $867.0M $900.0M
YoY Change 19.68% 6.38% 4.17%
Total Long-Term Liabilities $3.174B $2.253B $3.167B
YoY Change 68.83% 19.84% 68.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.205B $2.120B $2.282B
Total Long-Term Liabilities $3.174B $2.253B $3.167B
Total Liabilities $5.946B $5.964B $6.198B
YoY Change 33.65% 22.11% 24.31%
SHAREHOLDERS EQUITY
Retained Earnings $2.601B $2.416B $2.344B
YoY Change 13.48% 9.97% 4.74%
Common Stock $8.567B $8.532B $8.498B
YoY Change 301.08% 301.51% 302.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $733.0M $718.0M $717.0M
YoY Change 3.53% 1.41% 1.27%
Treasury Stock Shares
Shareholders Equity $10.17B $9.930B $9.899B
YoY Change
Total Liabilities & Shareholders Equity $16.11B $15.91B $16.10B
YoY Change 102.62% 96.21% 96.57%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $266.0M $152.0M $92.00M
YoY Change 78.52% 1166.67% -17.86%
Depreciation, Depletion And Amortization $137.0M $147.0M $92.00M
YoY Change 128.33% 153.45% 55.93%
Cash From Operating Activities $455.0M $373.0M $28.00M
YoY Change 25.69% 84.65% -75.22%
INVESTING ACTIVITIES
Capital Expenditures $94.00M $74.00M $54.00M
YoY Change 56.67% -239.62% -217.39%
Acquisitions
YoY Change
Other Investing Activities $5.000M $24.00M -$398.0M
YoY Change -162.5% 71.43% -8060.0%
Cash From Investing Activities -$89.00M -$50.00M -$452.0M
YoY Change 30.88% 28.21% 1002.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -86.00M -306.0M 298.0M
YoY Change -85.17% 488.46% -673.08%
NET CHANGE
Cash From Operating Activities 455.0M 373.0M 28.00M
Cash From Investing Activities -89.00M -50.00M -452.0M
Cash From Financing Activities -86.00M -306.0M 298.0M
Net Change In Cash 280.0M 17.00M -126.0M
YoY Change -197.9% -84.68% -730.0%
FREE CASH FLOW
Cash From Operating Activities $455.0M $373.0M $28.00M
Capital Expenditures $94.00M $74.00M $54.00M
Free Cash Flow $361.0M $299.0M -$26.00M
YoY Change 19.54% 17.25% -116.35%

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