2023 Q2 Form 10-Q Financial Statement

#000000620123000042 Filed on April 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $14.06B $12.19B
YoY Change 4.72% 36.96%
Cost Of Revenue $4.638B $4.932B
YoY Change -18.73% 18.81%
Gross Profit $9.417B $7.257B
YoY Change 22.06% 52.84%
Gross Profit Margin 67.0% 59.54%
Selling, General & Admin $4.124B $3.719B
YoY Change 10.3% 6.68%
% of Gross Profit 43.79% 51.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $563.0M $566.0M
YoY Change -3.6% 1.43%
% of Gross Profit 5.98% 7.8%
Operating Expenses $7.248B $6.806B
YoY Change 8.13% 7.79%
Operating Profit $2.169B $438.0M
YoY Change 113.27% -125.42%
Interest Expense -$397.0M $540.0M
YoY Change -184.83% 16.63%
% of Operating Profit -18.3% 123.29%
Other Income/Expense, Net $14.00M -$421.0M
YoY Change -103.38% 15.98%
Pretax Income $1.763B $17.00M
YoY Change 192.37% -100.81%
Income Tax $425.0M $7.000M
% Of Pretax Income 24.11% 41.18%
Net Earnings $1.338B $10.00M
YoY Change 181.09% -100.61%
Net Earnings / Revenue 9.52% 0.08%
Basic Earnings Per Share $2.05 $0.02
Diluted Earnings Per Share $1.88 $0.02
COMMON SHARES
Basic Shares Outstanding 652.9M shares 651.4M shares
Diluted Shares Outstanding 719.3M shares 656.7M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.88B $11.63B
YoY Change 1.75% -7.88%
Cash & Equivalents $779.0M $584.0M
Short-Term Investments $12.27B $11.04B
Other Short-Term Assets $987.0M $1.862B
YoY Change -47.92% 7.07%
Inventory $2.280B $2.308B
Prepaid Expenses
Receivables $2.073B $1.989B
Other Receivables $0.00 $0.00
Total Short-Term Assets $18.22B $17.65B
YoY Change -1.65% -0.62%
LONG-TERM ASSETS
Property, Plant & Equipment $38.35B $37.98B
YoY Change 2.25% 1.01%
Goodwill $4.091B $4.091B
YoY Change 0.0% 0.0%
Intangibles $2.055B $2.057B
YoY Change -1.15% 4.42%
Long-Term Investments $620.0M $622.0M
YoY Change
Other Assets $3.927B $11.15B
YoY Change -67.09% -7.34%
Total Long-Term Assets $49.04B $49.13B
YoY Change -0.81% -1.02%
TOTAL ASSETS
Total Short-Term Assets $18.22B $17.65B
Total Long-Term Assets $49.04B $49.13B
Total Assets $67.26B $66.79B
YoY Change -1.03% -0.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.406B $2.455B
YoY Change -11.96% -3.57%
Accrued Expenses $6.014B $6.017B
YoY Change 1.98% 9.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.874B $3.370B
YoY Change 100.41% 52.63%
Total Short-Term Liabilities $24.32B $24.59B
YoY Change 6.79% 12.46%
LONG-TERM LIABILITIES
Long-Term Debt $30.77B $31.59B
YoY Change -11.99% -10.93%
Other Long-Term Liabilities $16.56B $1.438B
YoY Change 1086.88% 4.35%
Total Long-Term Liabilities $47.33B $47.97B
YoY Change -11.72% -11.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.32B $24.59B
Total Long-Term Liabilities $47.33B $47.97B
Total Liabilities $71.65B $72.56B
YoY Change -6.21% -4.96%
SHAREHOLDERS EQUITY
Retained Earnings -$7.163B -$8.501B
YoY Change -26.89% -17.25%
Common Stock $7.328B $7.297B
YoY Change 0.87% 0.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.385B -$5.771B
YoY Change
Total Liabilities & Shareholders Equity $67.26B $66.79B
YoY Change -1.03% -0.91%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $1.338B $10.00M
YoY Change 181.09% -100.61%
Depreciation, Depletion And Amortization $563.0M $566.0M
YoY Change -3.6% 1.43%
Cash From Operating Activities $1.763B $3.333B
YoY Change 1.38% 181.27%
INVESTING ACTIVITIES
Capital Expenditures $739.0M $505.0M
YoY Change -223.58% -162.58%
Acquisitions
YoY Change
Other Investing Activities -$210.0M -$145.0M
YoY Change -36.56% -502.78%
Cash From Investing Activities -$949.0M -$2.796B
YoY Change 2.15% 262.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -619.0M -$539.0M
YoY Change -21.15% 73.87%
NET CHANGE
Cash From Operating Activities 1.763B $3.333B
Cash From Investing Activities -949.0M -$2.796B
Cash From Financing Activities -619.0M -$539.0M
Net Change In Cash 195.0M -$2.000M
YoY Change 680.0% -101.92%
FREE CASH FLOW
Cash From Operating Activities $1.763B $3.333B
Capital Expenditures $739.0M $505.0M
Free Cash Flow $1.024B $2.828B
YoY Change -56.18% 41.97%

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