2023 Q1 Form 10-K Financial Statement

#000000620123000018 Filed on February 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $12.19B $13.19B $48.97B
YoY Change 36.96% 39.91% 63.88%
Cost Of Revenue $4.932B $5.155B $20.60B
YoY Change 18.81% 34.84% 60.67%
Gross Profit $7.257B $8.034B $28.37B
YoY Change 52.84% 43.36% 66.29%
Gross Profit Margin 59.54% 60.91% 57.93%
Selling, General & Admin $3.719B $3.683B $14.79B
YoY Change 6.68% 3.48% 14.49%
% of Gross Profit 51.25% 45.84% 52.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $566.0M $573.0M $2.298B
YoY Change 1.43% -13.18% -0.09%
% of Gross Profit 7.8% 7.13% 8.1%
Operating Expenses $6.806B $6.647B $26.57B
YoY Change 7.79% 3.79% 17.7%
Operating Profit $438.0M $1.387B $1.800B
YoY Change -125.42% -273.38% -269.97%
Interest Expense $540.0M -$422.0M -$1.746B
YoY Change 16.63% -8.86% -197.0%
% of Operating Profit 123.29% -30.43% -97.0%
Other Income/Expense, Net -$421.0M $50.00M $325.0M
YoY Change 15.98% -3.85% -121.83%
Pretax Income $17.00M $1.011B $186.0M
YoY Change -100.81% -184.89% -107.3%
Income Tax $7.000M $208.0M $59.00M
% Of Pretax Income 41.18% 20.57% 31.72%
Net Earnings $10.00M $803.0M $127.0M
YoY Change -100.61% -186.16% -106.37%
Net Earnings / Revenue 0.08% 6.09% 0.26%
Basic Earnings Per Share $0.02 $0.20
Diluted Earnings Per Share $0.02 $1.121M $193.9K
COMMON SHARES
Basic Shares Outstanding 651.4M shares 649.9M shares 650.3M shares
Diluted Shares Outstanding 656.7M shares 655.1M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.63B $8.965B $8.965B
YoY Change -7.88% -28.66% -27.88%
Cash & Equivalents $584.0M $586.0M
Short-Term Investments $11.04B $8.525B $8.525B
Other Short-Term Assets $1.862B $1.887B $1.887B
YoY Change 7.07% 17.57% 17.57%
Inventory $2.308B $2.279B $2.279B
Prepaid Expenses
Receivables $1.989B $2.138B $2.138B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $17.65B $15.27B $15.27B
YoY Change -0.62% -11.92% -11.92%
LONG-TERM ASSETS
Property, Plant & Equipment $37.98B $38.29B $38.29B
YoY Change 1.01% 2.43% 2.43%
Goodwill $4.091B $4.100B
YoY Change 0.0% 0.22%
Intangibles $2.057B $2.059B
YoY Change 4.42% 3.57%
Long-Term Investments $622.0M $245.0M $245.0M
YoY Change 2.51% 2.51%
Other Assets $11.15B $5.003B $5.003B
YoY Change -7.34% -57.4% -7.8%
Total Long-Term Assets $49.13B $49.45B $49.45B
YoY Change -1.02% 0.64% 0.64%
TOTAL ASSETS
Total Short-Term Assets $17.65B $15.27B $15.27B
Total Long-Term Assets $49.13B $49.45B $49.45B
Total Assets $66.79B $64.72B $64.72B
YoY Change -0.91% -2.63% -2.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.455B $2.149B $2.149B
YoY Change -3.57% 21.28% 21.28%
Accrued Expenses $6.017B $6.159B $6.159B
YoY Change 9.76% 6.89% 6.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.370B $3.274B $3.274B
YoY Change 52.63% 41.43% 31.54%
Total Short-Term Liabilities $24.59B $21.50B $21.50B
YoY Change 12.46% 13.1% 13.1%
LONG-TERM LIABILITIES
Long-Term Debt $31.59B $32.39B $32.39B
YoY Change -10.93% -8.95% -8.95%
Other Long-Term Liabilities $1.438B $16.63B $16.63B
YoY Change 4.35% 1152.26% -13.52%
Total Long-Term Liabilities $47.97B $49.02B $49.02B
YoY Change -11.95% -10.55% -10.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.59B $21.50B $21.50B
Total Long-Term Liabilities $47.97B $49.02B $49.02B
Total Liabilities $72.56B $70.52B $70.52B
YoY Change -4.96% -4.46% -4.46%
SHAREHOLDERS EQUITY
Retained Earnings -$8.501B -$8.511B
YoY Change -17.25% -1.47%
Common Stock $7.297B $7.297B
YoY Change 0.66% 0.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.771B -$5.799B -$5.799B
YoY Change
Total Liabilities & Shareholders Equity $66.79B $64.72B $64.72B
YoY Change -0.91% -2.63% -2.63%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $10.00M $803.0M $127.0M
YoY Change -100.61% -186.16% -106.37%
Depreciation, Depletion And Amortization $566.0M $573.0M $2.298B
YoY Change 1.43% -13.18% -0.09%
Cash From Operating Activities $3.333B -$158.0M $2.173B
YoY Change 181.27% -86.83% 208.66%
INVESTING ACTIVITIES
Capital Expenditures $505.0M -$772.0M -$2.906B
YoY Change -162.58% 321.86% 1297.12%
Acquisitions
YoY Change
Other Investing Activities -$145.0M $2.324B $3.542B
YoY Change -502.78% 20.98% -35520.0%
Cash From Investing Activities -$2.796B $1.552B $636.0M
YoY Change 262.65% -10.7% -110.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$21.00M
YoY Change -216.67%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$539.0M -1.284B -2.631B
YoY Change 73.87% 128.88% -149.75%
NET CHANGE
Cash From Operating Activities $3.333B -158.0M 2.173B
Cash From Investing Activities -$2.796B 1.552B 636.0M
Cash From Financing Activities -$539.0M -1.284B -2.631B
Net Change In Cash -$2.000M 110.0M 178.0M
YoY Change -101.92% -578.26% 1877.78%
FREE CASH FLOW
Cash From Operating Activities $3.333B -$158.0M $2.173B
Capital Expenditures $505.0M -$772.0M -$2.906B
Free Cash Flow $2.828B $614.0M $5.079B
YoY Change 41.97% -160.37% 456.91%

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