Income Statement

Item 9/30/2023 9/30/2022

Total Revenue $383,285,000 $394,328,000
Operating Revenue $383,285,000 $394,328,000
Cost of Revenue $214,137,000 $223,546,000
Gross Profit $169,148,000 $170,782,000
Operating Expense $54,847,000 $51,345,000
Selling General and Administrative $24,932,000 $25,094,000
Research & Development $29,915,000 $26,251,000
Operating Income $114,301,000 $119,437,000
Net Non Operating Interest Income Expense -$183,000 -$106,000
Interest Income Non Operating $3,750,000 $2,825,000
Interest Expense Non Operating $3,933,000 $2,931,000
Other Income Expense -$565,000 -$334,000
Other Non Operating Income Expenses -$565,000 -$334,000
Pretax Income $113,736,000 $119,103,000
Tax Provision $16,741,000 $19,300,000
Net Income Common Stockholders $96,995,000 $99,803,000
Net Income $96,995,000 $99,803,000
Net Income Including Non-Controlling Interests $96,995,000 $99,803,000
Net Income Continuous Operations $96,995,000 $99,803,000
Diluted NI Available to Com Stockholders $96,995,000 $99,803,000
Basic EPS $6 $6
Diluted EPS $6 $6
Basic Average Shares $15,744,231 $16,215,963
Diluted Average Shares $15,812,547 $16,325,819
Total Operating Income as Reported $114,301,000 $119,437,000
Total Expenses $268,984,000 $274,891,000
Net Income from Continuing & Discontinued Operation $96,995,000 $99,803,000
Normalized Income $96,995,000 $99,803,000
Interest Income $3,750,000 $2,825,000
Interest Expense $3,933,000 $2,931,000
Net Interest Income -$183,000 -$106,000
EBIT $114,301,000 $119,437,000
EBITDA $125,820,000 $130,541,000
Reconciled Cost of Revenue $214,137,000 $223,546,000
Reconciled Depreciation $11,519,000 $11,104,000
Net Income from Continuing Operation Net Minority Interest $96,995,000 $99,803,000
Normalized EBITDA $125,820,000 $130,541,000
Tax Rate for Calcs $0 $0
 9/30/2021
$365,817,000
$365,817,000
$212,981,000
$152,836,000
$43,887,000
$21,973,000
$21,914,000
$108,949,000
$198,000
$2,843,000
$2,645,000
$60,000
$60,000
$109,207,000
$14,527,000
$94,680,000
$94,680,000
$94,680,000
$94,680,000
$94,680,000
$6
$6
$16,701,272
$16,864,919
$108,949,000
$256,868,000
$94,680,000
$94,680,000
$2,843,000
$2,645,000
$198,000
$108,949,000
$123,136,000
$212,981,000
$11,284,000
$94,680,000
$123,136,000
$0
 Balance Sheet
Item 9/30/2023 9/30/2022 9/30/2021
Total Assets $893,003,000 $1,040,835,000 $1,053,055,000
Current Assets $296,071,000 $268,287,000 $283,921,000
Cash, Cash Equivalents & Short Term Investments $61,555,000 $48,304,000 $62,639,000
Cash And Cash Equivalents $29,965,000 $23,646,000 $34,940,000
Cash $28,359,000 $18,546,000 $17,305,000
Cash Equivalents $1,606,000 $5,100,000 $17,635,000
Other Short Term Investments $31,590,000 $24,658,000 $27,699,000
Receivables $60,985,000 $60,932,000 $51,506,000
Accounts receivable $29,508,000 $28,184,000 $26,278,000
Other Receivables $31,477,000 $32,748,000 $25,228,000
Inventory $6,331,000 $4,946,000 $6,580,000
Other Current Assets $14,695,000 $21,223,000 $14,111,000
Total non-current assets $596,932,000 $772,548,000 $769,134,000
Net PPE $43,715,000 $52,534,000 $49,527,000
Gross PPE $114,599,000 $124,874,000 $119,810,000
Land And Improvements $23,446,000 $22,126,000 $20,041,000
Machinery Furniture Equipment $78,314,000 $81,060,000 $78,659,000
Other Properties $10,661,000 $10,417,000 $10,087,000
Leases $12,839,000 $11,271,000 $11,023,000
Accumulated Depreciation -$70,884,000 -$72,340,000 -$70,283,000
Investments And Advances $100,544,000 $120,805,000 $127,877,000
Investment in Financial Assets $100,544,000 $120,805,000 $127,877,000
Available for Sale Securities $100,544,000 $120,805,000 $127,877,000
Other Investments $120,805,000 $127,877,000
Non Current Deferred Assets $17,852,000 $15,375,000
Non Current Deferred Taxes Assets $17,852,000 $15,375,000
Other Non Current Assets $46,906,000 $28,636,000 $38,762,000
Total Liabilities Net Minority Interest $483,366,000 $501,764,000 $437,804,000
Current Liabilities $338,237,000 $353,663,000 $275,373,000
Payables And Accrued Expenses $71,430,000 $70,667,000 $54,763,000
Payables $71,430,000 $70,667,000 $54,763,000
Accounts Payable $62,611,000 $64,115,000 $54,763,000
Total Tax Payable $8,819,000 $6,552,000
Income Tax Payable $8,819,000 $6,552,000
Current Debt And Capital Lease Obligation $15,807,000 $22,773,000 $17,141,000
Current Debt $15,807,000 $21,110,000 $15,613,000
Commercial Paper $5,985,000 $9,982,000 $6,000,000
Other Current Borrowings $9,822,000 $11,128,000 $9,613,000
Current Capital Lease Obligation $1,575,000 $1,663,000 $1,528,000
Current Deferred Liabilities $8,061,000 $7,912,000 $7,612,000
Current Deferred Revenue $8,061,000 $7,912,000 $7,612,000
Other Current Liabilities $50,010,000 $52,630,000 $45,965,000
Total Non Current Liabilities Net Minority Interest $145,129,000 $148,101,000 $162,431,000
Long Term Debt And Capital Lease Obligation $95,281,000 $109,707,000 $119,381,000
Long Term Debt $95,281,000 $98,959,000 $109,106,000
Long Term Capital Lease Obligation $11,267,000 $10,748,000 $10,275,000
Trade and Other Payables Non Current $15,457,000 $16,657,000 $24,689,000
Other Non Current Liabilities $34,391,000 $21,737,000 $18,361,000
Total Equity Gross Minority Interest $62,146,000 $50,672,000 $63,090,000
Stockholders' Equity $62,146,000 $50,672,000 $63,090,000
Capital Stock $73,812,000 $64,849,000 $57,365,000
Common Stock $73,812,000 $64,849,000 $57,365,000
Retained Earnings -$214,000 -$3,068,000 $5,562,000
Gains Losses Not Affecting Retained Earnings -$11,452,000 -$11,109,000 $163,000
Other Equity Adjustments -$11,452,000 -$11,109,000 $163,000
Total Capitalization $157,427,000 $149,631,000 $172,196,000
Common Stock Equity $62,146,000 $50,672,000 $63,090,000
Capital Lease Obligations $12,842,000 $12,411,000 $11,803,000
Net Tangible Assets $62,146,000 $50,672,000 $63,090,000
Working Capital -$1,742,000 -$18,577,000 $9,355,000
Invested Capital $173,234,000 $170,741,000 $187,809,000
Tangible Book Value $62,146,000 $50,672,000 $63,090,000
Total Debt $111,088,000 $132,480,000 $136,522,000
Net Debt $81,123,000 $96,423,000 $89,779,000
Share Issued $15,550,061 $15,943,425 $16,426,786
Ordinary Shares Number $15,550,061 $15,943,425 $16,426,786
 Cash Flow Statement
Item 9/30/2023 9/30/2022 9/30/2021
Operating Cash Flow $110,019,000 $153,796,000 $117,066,000
Cash Flow from Continuing Operating Activities $110,019,000 $153,796,000 $117,066,000
Net Income from Continuing Operations $96,995,000 $99,803,000 $94,680,000
Depreciation Amortization Depletion $11,519,000 $11,104,000 $11,284,000
Depreciation & amortization $11,519,000 $11,104,000 $11,284,000
Deferred Tax $895,000 -$4,774,000
Deferred Income Tax $895,000 -$4,774,000
Stock based compensation $10,833,000 $9,038,000 $7,906,000
Other non-cash items -$2,227,000 $1,006,000 -$4,921,000
Change in working capital -$6,577,000 $1,200,000 -$4,911,000
Change in Receivables -$417,000 -$9,343,000 -$14,028,000
Changes in Account Receivables -$1,688,000 -$1,823,000 -$10,125,000
Change in Inventory -$1,618,000 $1,484,000 -$2,642,000
Change in Payables And Accrued Expense -$1,889,000 $9,448,000 $12,326,000
Change in Payable -$1,889,000 $9,448,000 $12,326,000
Change in Account Payable -$1,889,000 $9,448,000 $12,326,000
Change in Other Current Assets -$5,684,000 -$6,499,000 -$8,042,000
Change in Other Current Liabilities $3,031,000 $6,110,000 $7,475,000
Change in Other Working Capital $478,000 $1,676,000
Investing Cash Flow $8,747,000 -$43,234,000 -$28,771,000
Cash Flow from Continuing Investing Activities $8,747,000 -$43,234,000 -$28,771,000
Net PPE Purchase And Sale -$10,959,000 -$10,708,000 -$11,085,000
Purchase of PPE -$10,959,000 -$10,708,000 -$11,085,000
Net Business Purchase And Sale -$306,000 -$33,000
Purchase of Business -$306,000 -$33,000
Net Investment Purchase And Sale $16,001,000 -$9,560,000 -$3,075,000
Purchase of Investment -$29,513,000 -$76,923,000 -$109,558,000
Sale of Investment $45,514,000 $67,363,000 $106,483,000
Net Other Investing Changes -$1,337,000 -$2,086,000 -$385,000
Financing Cash Flow -$108,488,000 -$110,749,000 -$93,353,000
Cash Flow from Continuing Financing Activities -$108,488,000 -$110,749,000 -$93,353,000
Net Issuance Payments of Debt -$9,901,000 -$123,000 $12,665,000
Net Long Term Debt Issuance -$5,923,000 -$4,078,000 $11,643,000
Long Term Debt Issuance $5,228,000 $5,465,000 $20,393,000
Long Term Debt Payments -$11,151,000 -$9,543,000 -$8,750,000
Net Short Term Debt Issuance -$3,978,000 $3,955,000 $1,022,000
Net Common Stock Issuance -$77,550,000 -$89,402,000 -$85,971,000
Common Stock Issuance $1,105,000
Common Stock Payments -$77,550,000 -$89,402,000 -$85,971,000
Cash Dividends Paid -$15,025,000 -$14,841,000 -$14,467,000
Common Stock Dividend Paid -$15,025,000 -$14,841,000 -$14,467,000
Net Other Financing Charges -$6,012,000 -$6,383,000 -$5,580,000
End Cash Position $30,737,000 $24,977,000 $35,929,000
Changes in Cash $5,760,000 -$10,952,000 -$3,860,000
Beginning Cash Position $24,977,000 $35,929,000 $39,789,000
Income Tax Paid Supplemental Data $18,679,000 $19,573,000 $25,385,000
Interest Paid Supplemental Data $3,803,000 $2,865,000 $2,687,000
Capital Expenditure -$10,959,000 -$10,708,000 -$11,085,000
Issuance of Capital Stock $1,105,000
Issuance of Debt $5,228,000 $5,465,000 $20,393,000
Repayment of Debt -$11,151,000 -$9,543,000 -$8,750,000
Repurchase of Capital Stock -$77,550,000 -$89,402,000 -$85,971,000
Free Cash Flow $99,060,000 $143,088,000 $105,981,000
 Ratio Calculations
9/30/2023 9/30/2022 9/30/2021
Debt-to-Equity Ratio 7.7779 9.9022 6.9394
Current Ratio 0.87534 0.75860 1.03104
Quick Ratio 0.85662 0.74461 1.00715
Return on Equity (ROE) 1.56076 1.96959 1.50071
Net Profit Margin 0.25306 0.25310 0.25882
 Income Statement Vertical Analysis
Item 9/30/2023 9/30/2022
Total Revenue 100% 100%
Operating Revenue 100% 100%
Cost of Revenue 56% 57%
Gross Profit 44% 43%
Operating Expense 14% 13%
Selling General and Administrative 7% 6%
Research & Development 8% 7%
Operating Income 30% 30%
Net Non Operating Interest Income Expense 0% 0%
Interest Income Non Operating 1% 1%
Interest Expense Non Operating 1% 1%
Other Income Expense 0% 0%
Other Non Operating Income Expenses 0% 0%
Pretax Income 30% 30%
Tax Provision 4% 5%
Net Income Common Stockholders 25% 25%
Net Income 25% 25%
Net Income Including Non-Controlling Interests 25% 25%
Net Income Continuous Operations 25% 25%
Diluted NI Available to Com Stockholders 25% 25%
Basic EPS 0% 0%
Diluted EPS 0% 0%
Basic Average Shares 4% 4%
Diluted Average Shares 4% 4%
Total Operating Income as Reported 30% 30%
Total Expenses 70% 70%
Net Income from Continuing & Discontinued Operation 25% 25%
Normalized Income 25% 25%
Interest Income 1% 1%
Interest Expense 1% 1%
Net Interest Income 0% 0%
EBIT 30% 30%
EBITDA 33% 33%
Reconciled Cost of Revenue 56% 57%
Reconciled Depreciation 3% 3%
Net Income from Continuing Operation Net Minority Interest 25% 25%
Normalized EBITDA 33% 33%
Tax Rate for Calcs 0% 0%
9/30/2021
100%
100%
58%
42%
12%
6%
6%
30%
0%
1%
1%
0%
0%
30%
4%
26%
26%
26%
26%
26%
0%
0%
5%
5%
30%
70%
26%
26%
1%
1%
0%
30%
34%
58%
3%
26%
34%
0%
 Balance sheet Vertical Statement
Item 9/30/2023 9/30/2022
Total Assets 100% 100%
Current Assets 33% 26%
Cash, Cash Equivalents & Short Term Investments 7% 5%
Cash And Cash Equivalents 3% 2%
Cash 3% 2%
Cash Equivalents 0% 0%
Other Short Term Investments 4% 2%
Receivables 7% 6%
Accounts receivable 3% 3%
Other Receivables 4% 3%
Inventory 1% 0%
Other Current Assets 2% 2%
Total non-current assets 67% 74%
Net PPE 5% 5%
Gross PPE 13% 12%
Land And Improvements 3% 2%
Machinery Furniture Equipment 9% 8%
Other Properties 1% 1%
Leases 1% 1%
Accumulated Depreciation -8% -7%
Investments And Advances 11% 12%
Investment in Financial Assets 11% 12%
Available for Sale Securities 11% 12%
Other Investments 0% 12%
Non Current Deferred Assets 2% 1%
Non Current Deferred Taxes Assets 2% 1%
Other Non Current Assets 5% 3%
Total Liabilities Net Minority Interest 54% 48%
Current Liabilities 38% 34%
Payables And Accrued Expenses 8% 7%
Payables 8% 7%
Accounts Payable 7% 6%
Total Tax Payable 1% 1%
Income Tax Payable 1% 1%
Current Debt And Capital Lease Obligation 2% 2%
Current Debt 2% 2%
Commercial Paper 1% 1%
Other Current Borrowings 1% 1%
Current Capital Lease Obligation 0% 0%
Current Deferred Liabilities 1% 1%
Current Deferred Revenue 1% 1%
Other Current Liabilities 6% 5%
Total Non Current Liabilities Net Minority Interest 16% 14%
Long Term Debt And Capital Lease Obligation 11% 11%
Long Term Debt 11% 10%
Long Term Capital Lease Obligation 1% 1%
Trade and Other Payables Non Current 2% 2%
Other Non Current Liabilities 4% 2%
Total Equity Gross Minority Interest 7% 5%
Stockholders' Equity 7% 5%
Capital Stock 8% 6%
Common Stock 8% 6%
Retained Earnings 0% 0%
Gains Losses Not Affecting Retained Earnings -1% -1%
Other Equity Adjustments -1% -1%
Total Capitalization 18% 14%
Common Stock Equity 7% 5%
Capital Lease Obligations 1% 1%
Net Tangible Assets 7% 5%
Working Capital 0% -2%
Invested Capital 19% 16%
Tangible Book Value 7% 5%
Total Debt 12% 13%
Net Debt 9% 9%
Share Issued 2% 2%
Ordinary Shares Number 2% 2%
9/30/2021
100%
27%
6%
3%
2%
2%
3%
5%
2%
2%
1%
1%
73%
5%
11%
2%
7%
1%
1%
-7%
12%
12%
12%
12%
0%
0%
4%
42%
26%
5%
5%
5%
0%
0%
2%
1%
1%
1%
0%
1%
1%
4%
15%
11%
10%
 1%
2%
2%
6%
6%
5%
5%
1%
0%
0%
16%
6%
1%
6%
1%
18%
6%
13%
9%
2%
2%
 Income Statement Horizontal Analysis
Item 2023-2022 2022-2021
Total Revenue -3% 8%
Operating Revenue -3% 8%
Cost of Revenue -4% 5%
Gross Profit -1% 12%
Operating Expense 7% 17%
Selling General and Administrative -1% 14%
Research & Development 14% 20%
Operating Income -4% 10%
Net Non Operating Interest Income Expense 73% -154%
Interest Income Non Operating 33% -1%
Interest Expense Non Operating 34% 11%
Other Income Expense 69% -657%
Other Non Operating Income Expenses 69% -657%
Pretax Income -5% 9%
Tax Provision -13% 33%
Net Income Common Stockholders -3% 5%
Net Income -3% 5%
Net Income Including Non-Controlling Interests -3% 5%
Net Income Continuous Operations -3% 5%
Diluted NI Available to Com Stockholders -3% 5%
Basic EPS 0% 8%
Diluted EPS 0% 9%
Basic Average Shares -3% -3%
Diluted Average Shares -3% -3%
Total Operating Income as Reported -4% 10%
Total Expenses -2% 7%
Net Income from Continuing & Discontinued Operation -3% 5%
Normalized Income -3% 5%
Interest Income 33% -1%
Interest Expense 34% 11%
Net Interest Income 73% -154%
EBIT -4% 10%
EBITDA -4% 6%
Reconciled Cost of Revenue -4% 5%
Reconciled Depreciation 4% -2%
Net Income from Continuing Operation Net Minority Interest -3% 5%
Normalized EBITDA -4% 6%
Tax Rate for Calcs #DIV/0! #DIV/0!
 Balance Sheet Horizontal Analysis
Item 2023-2022 2022-2021
Total Assets -14% -1%
Current Assets 10% -6%
Cash, Cash Equivalents & Short Term Investments 27% -23%
Cash And Cash Equivalents 27% -32%
Cash 53% 7%
Cash Equivalents -69% -71%
Other Short Term Investments 28% -11%
Receivables 0% 18%
Accounts receivable 5% 7%
Other Receivables -4% 30%
Inventory 28% -25%
Other Current Assets -31% 50%
Total non-current assets -23% 0%
Net PPE -17% 6%
Gross PPE -8% 4%
Land And Improvements 6% 10%
Machinery Furniture Equipment -3% 3%
Other Properties 2% 3%
Leases 14% 2%
Accumulated Depreciation -2% 3%
Investments And Advances -17% -6%
Investment in Financial Assets -17% -6%
Available for Sale Securities -17% -6%
Other Investments -100% -6%
Non Current Deferred Assets 16% #DIV/0!
Non Current Deferred Taxes Assets 16% #DIV/0!
Other Non Current Assets 64% -26%
Total Liabilities Net Minority Interest -4% 15%
Current Liabilities -4% 28%
Payables And Accrued Expenses 1% 29%
Payables 1% 29%
Accounts Payable -2% 17%
Total Tax Payable 35% #DIV/0!
Income Tax Payable 35% #DIV/0!
Current Debt And Capital Lease Obligation -31% 33%
Current Debt -25% 35%
Commercial Paper -40% 66%
Other Current Borrowings -12% 16%
Current Capital Lease Obligation -5% 9%
Current Deferred Liabilities 2% 4%
Current Deferred Revenue 2% 4%
Other Current Liabilities -5% 15%
Total Non Current Liabilities Net Minority Interest -2% -9%
Long Term Debt And Capital Lease Obligation -13% -8%
Long Term Debt -4% -9%
Long Term Capital Lease Obligation 5% 5%
Trade and Other Payables Non Current -7% -33%
Other Non Current Liabilities 58% 18%
Total Equity Gross Minority Interest 23% -20%
Stockholders' Equity 23% -20%
Capital Stock 14% 13%
Common Stock 14% 13%
Retained Earnings -93% -155%
Gains Losses Not Affecting Retained Earnings 3% -6915%
Other Equity Adjustments 3% -6915%
Total Capitalization 5% -13%
Common Stock Equity 23% -20%
Capital Lease Obligations 3% 5%
Net Tangible Assets 23% -20%
Working Capital -91% -299%
Invested Capital 1% -9%
Tangible Book Value 23% -20%
Total Debt -16% -3%
Net Debt -16% 7%
Share Issued -2% -3%
Ordinary Shares Number -2% -3%