2024 Q3 Form 10-Q Financial Statement

#000152447224000033 Filed on July 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024 Q1
Revenue $2.104B $2.169B $2.033B
YoY Change 1.35% 25.96% 40.4%
Cost Of Revenue $1.320B $1.350B $1.281B
YoY Change 0.61% 26.05% 42.02%
Gross Profit $784.0M $819.0M $752.0M
YoY Change 2.62% 25.81% 37.73%
Gross Profit Margin 37.26% 37.76% 36.99%
Selling, General & Admin $445.0M $485.0M $474.0M
YoY Change -9.37% 19.16% 33.9%
% of Gross Profit 56.76% 59.22% 63.03%
Research & Development $55.00M $58.00M $59.00M
YoY Change -9.84% 0.0% 11.32%
% of Gross Profit 7.02% 7.08% 7.85%
Depreciation & Amortization $141.0M $145.0M $134.0M
YoY Change -4.08% 57.61% 123.33%
% of Gross Profit 17.98% 17.7% 17.82%
Operating Expenses $500.0M $543.0M $533.0M
YoY Change -9.42% 16.77% 30.96%
Operating Profit $280.0M $253.0M $209.0M
YoY Change 46.6% 36.02% 59.54%
Interest Expense $10.00M $11.00M $14.00M
YoY Change -28.57% -191.67% 55.56%
% of Operating Profit 3.57% 4.35% 6.7%
Other Income/Expense, Net $1.000M $4.000M $6.000M
YoY Change -87.5% -42.86% 50.0%
Pretax Income $269.0M $247.0M $196.0M
YoY Change 45.41% 116.67% 55.56%
Income Tax $52.00M $53.00M $43.00M
% Of Pretax Income 19.33% 21.46% 21.94%
Net Earnings $217.0M $194.0M $153.0M
YoY Change 42.76% 110.87% 54.55%
Net Earnings / Revenue 10.31% 8.94% 7.53%
Basic Earnings Per Share $0.89 $0.80 $0.63
Diluted Earnings Per Share $0.89 $0.80 $0.63
COMMON SHARES
Basic Shares Outstanding 242.9M shares 242.4M shares 241.8M shares
Diluted Shares Outstanding 243.8M shares 243.5M shares 243.0M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $989.0M $815.0M $947.0M
YoY Change 40.28% 15.11% 13.14%
Cash & Equivalents $989.0M $815.0M $947.0M
Short-Term Investments
Other Short-Term Assets $226.0M $234.0M $266.0M
YoY Change 6.1% 4.0% 37.82%
Inventory $1.091B $1.057B $1.039B
Prepaid Expenses
Receivables $1.707B $1.675B $1.641B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.013B $3.781B $3.893B
YoY Change 9.92% 1.23% 29.34%
LONG-TERM ASSETS
Property, Plant & Equipment $1.158B $1.144B $1.141B
YoY Change 2.3% 0.0% 80.82%
Goodwill $7.593B $7.509B $7.509B
YoY Change 6.21% 5.64% 174.25%
Intangibles $2.326B $2.374B $2.454B
YoY Change -23.46% -25.53% 168.2%
Long-Term Investments
YoY Change
Other Assets $956.0M $957.0M $927.0M
YoY Change 2.36% 3.8% 43.5%
Total Long-Term Assets $12.03B $11.98B $12.03B
YoY Change -1.8% -3.06% 144.04%
TOTAL ASSETS
Total Short-Term Assets $4.013B $3.781B $3.893B
Total Long-Term Assets $12.03B $11.98B $12.03B
Total Assets $16.05B $15.77B $15.92B
YoY Change 0.89% -2.06% 100.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $930.0M $940.0M $948.0M
YoY Change -1.38% -2.89% 33.52%
Accrued Expenses $1.105B $1.085B $1.098B
YoY Change -4.74% 74.44% 40.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $17.00M $17.00M $285.0M
YoY Change 0.0% -89.7%
Total Short-Term Liabilities $2.052B $2.042B $2.331B
YoY Change -3.21% -10.52% 56.02%
LONG-TERM LIABILITIES
Long-Term Debt $1.977B $1.981B $1.985B
YoY Change -12.25% -12.62% 5.53%
Other Long-Term Liabilities $882.0M $842.0M $847.0M
YoY Change 1.73% -6.44% 11.3%
Total Long-Term Liabilities $1.977B $1.981B $1.985B
YoY Change -12.25% -37.45% 5.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.052B $2.042B $2.331B
Total Long-Term Liabilities $1.977B $1.981B $1.985B
Total Liabilities $5.446B $5.417B $5.721B
YoY Change -8.69% -12.6% 31.49%
SHAREHOLDERS EQUITY
Retained Earnings $2.902B $2.774B $2.667B
YoY Change 20.12% 18.34% 14.41%
Common Stock $8.676B $8.663B $8.621B
YoY Change 1.69% 1.94% 300.23%
Preferred Stock
YoY Change
Treasury Stock (at cost) $753.0M $751.0M $748.0M
YoY Change 4.87% 4.74% 4.47%
Treasury Stock Shares
Shareholders Equity $10.59B $10.34B $10.20B
YoY Change
Total Liabilities & Shareholders Equity $16.05B $15.77B $15.92B
YoY Change 0.89% -2.06% 100.55%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $217.0M $194.0M $153.0M
YoY Change 42.76% 110.87% 54.55%
Depreciation, Depletion And Amortization $141.0M $145.0M $134.0M
YoY Change -4.08% 57.61% 123.33%
Cash From Operating Activities $311.0M $288.0M $89.00M
YoY Change -16.62% 928.57% -568.42%
INVESTING ACTIVITIES
Capital Expenditures $74.00M $73.00M $74.00M
YoY Change 0.0% 35.19% 51.02%
Acquisitions
YoY Change
Other Investing Activities $9.000M -$4.000M $0.00
YoY Change -62.5% -98.99% -100.0%
Cash From Investing Activities -$65.00M -$77.00M -$51.00M
YoY Change 30.0% -82.96% 37.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $5.000M
YoY Change
Cash From Financing Activities -101.0M -337.0M -$82.00M
YoY Change -66.99% -213.09% 30.16%
NET CHANGE
Cash From Operating Activities 311.0M 288.0M $89.00M
Cash From Investing Activities -65.00M -77.00M -$51.00M
Cash From Financing Activities -101.0M -337.0M -$82.00M
Net Change In Cash 145.0M -126.0M -$72.00M
YoY Change 752.94% 0.0% -32.71%
FREE CASH FLOW
Cash From Operating Activities $311.0M $288.0M $89.00M
Capital Expenditures $74.00M $73.00M $74.00M
Free Cash Flow $237.0M $215.0M $15.00M
YoY Change -20.74% -926.92% -122.06%

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