2024 Q1 Form 10-K Financial Statement

#000000620124000010 Filed on February 21, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $12.57B $13.06B $52.79B
YoY Change 3.13% -0.96% 7.79%
Cost Of Revenue $5.013B $5.086B $19.82B
YoY Change 1.64% -1.34% -3.79%
Gross Profit $7.557B $7.976B $32.97B
YoY Change 4.13% -0.72% 16.21%
Gross Profit Margin 60.12% 61.06% 62.46%
Selling, General & Admin $4.275B $4.132B $16.38B
YoY Change 14.95% 12.19% 10.77%
% of Gross Profit 56.57% 51.81% 49.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $549.0M $559.0M $2.254B
YoY Change -3.0% -2.44% -1.91%
% of Gross Profit 7.26% 7.01% 6.84%
Operating Expenses $7.480B $7.311B $28.96B
YoY Change 9.9% 9.99% 9.01%
Operating Profit $7.000M $665.0M $4.005B
YoY Change -98.4% -52.05% 122.5%
Interest Expense $497.0M -$383.0M -$1.554B
YoY Change -7.96% -9.24% -11.0%
% of Operating Profit 7100.0% -57.59% -38.8%
Other Income/Expense, Net -$420.0M -$241.0M -$359.0M
YoY Change -0.24% -582.0% -210.46%
Pretax Income -$413.0M $32.00M $1.121B
YoY Change -2529.41% -96.83% 502.69%
Income Tax -$101.0M $13.00M $299.0M
% Of Pretax Income 40.63% 26.67%
Net Earnings -$312.0M $19.00M $822.0M
YoY Change -3220.0% -97.63% 547.24%
Net Earnings / Revenue -2.48% 0.15% 1.56%
Basic Earnings Per Share -$0.48 $1.26
Diluted Earnings Per Share -$0.48 $0.03 $1.14
COMMON SHARES
Basic Shares Outstanding 654.8M shares 653.5M shares 653.6M shares
Diluted Shares Outstanding 655.8M shares 719.7M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.399B $7.578B $7.578B
YoY Change -27.75% -15.47% -15.47%
Cash & Equivalents $703.0M $681.0M
Short-Term Investments $7.696B $7.000B $7.000B
Other Short-Term Assets $876.0M $1.568B $1.568B
YoY Change -52.95% -16.91% -16.91%
Inventory $2.500B $2.400B $2.400B
Prepaid Expenses
Receivables $2.070B $2.026B $2.026B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $14.54B $13.57B $13.57B
YoY Change -17.62% -11.11% -11.11%
LONG-TERM ASSETS
Property, Plant & Equipment $39.06B $38.70B $38.70B
YoY Change 2.83% 1.07% 1.07%
Goodwill $4.091B $4.100B
YoY Change 0.0% 0.0%
Intangibles $2.049B $2.051B
YoY Change -0.39% -0.39%
Long-Term Investments $484.0M $541.0M $541.0M
YoY Change -22.19% 120.82% 120.82%
Other Assets $10.79B $4.641B $4.641B
YoY Change -3.28% -7.24% -7.24%
Total Long-Term Assets $49.84B $49.49B $49.49B
YoY Change 1.44% 0.08% 0.08%
TOTAL ASSETS
Total Short-Term Assets $14.54B $13.57B $13.57B
Total Long-Term Assets $49.84B $49.49B $49.49B
Total Assets $64.38B $63.06B $63.06B
YoY Change -3.6% -2.56% -2.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.927B $2.353B $2.353B
YoY Change 19.23% 9.49% 9.49%
Accrued Expenses $5.820B $6.424B $6.424B
YoY Change -3.27% 4.3% 4.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.974B $3.632B $3.632B
YoY Change 17.92% 10.93% 10.93%
Total Short-Term Liabilities $24.99B $22.06B $22.06B
YoY Change 1.64% 2.63% 2.63%
LONG-TERM LIABILITIES
Long-Term Debt $28.23B $29.27B $29.27B
YoY Change -10.63% -9.63% -9.63%
Other Long-Term Liabilities $1.503B $16.93B $16.93B
YoY Change 4.52% 1.79% 1.79%
Total Long-Term Liabilities $44.89B $46.20B $46.20B
YoY Change -6.41% -5.75% -5.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.99B $22.06B $22.06B
Total Long-Term Liabilities $44.89B $46.20B $46.20B
Total Liabilities $69.88B $68.26B $68.26B
YoY Change -3.68% -3.2% -3.2%
SHAREHOLDERS EQUITY
Retained Earnings -$8.001B -$7.689B
YoY Change -5.88% -9.66%
Common Stock $7.378B $7.381B
YoY Change 1.11% 1.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.500B -$5.202B -$5.202B
YoY Change
Total Liabilities & Shareholders Equity $64.38B $63.06B $63.06B
YoY Change -3.6% -2.56% -2.56%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$312.0M $19.00M $822.0M
YoY Change -3220.0% -97.63% 547.24%
Depreciation, Depletion And Amortization $549.0M $559.0M $2.254B
YoY Change -3.0% -2.44% -1.91%
Cash From Operating Activities $2.180B -$1.351B $3.803B
YoY Change -34.59% 755.06% 75.01%
INVESTING ACTIVITIES
Capital Expenditures $824.0M $843.0M $2.596B
YoY Change 63.17% -209.2% -189.33%
Acquisitions
YoY Change
Other Investing Activities $2.000M $3.002B -$275.0M
YoY Change -101.38% 29.17% -107.76%
Cash From Investing Activities -$1.516B $2.159B -$502.0M
YoY Change -45.78% 39.11% -178.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$642.0M -814.0M -$3.206B
YoY Change 19.11% -36.6% 21.85%
NET CHANGE
Cash From Operating Activities $2.180B -1.351B $3.803B
Cash From Investing Activities -$1.516B 2.159B -$502.0M
Cash From Financing Activities -$642.0M -814.0M -$3.206B
Net Change In Cash $22.00M -6.000M $95.00M
YoY Change -1200.0% -105.45% -46.63%
FREE CASH FLOW
Cash From Operating Activities $2.180B -$1.351B $3.803B
Capital Expenditures $824.0M $843.0M $2.596B
Free Cash Flow $1.356B -$2.194B $1.207B
YoY Change -52.05% -457.33% -76.24%

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