2024 Q4 Form 10-K Financial Statement

#000032019324000123 Filed on November 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024
Revenue $69.96B $391.0B
YoY Change -14.47% 2.02%
Cost Of Revenue $51.05B $210.4B
YoY Change 12.49% -1.77%
Gross Profit $43.88B $180.7B
YoY Change 20.5% 6.82%
Gross Profit Margin 62.72% 46.21%
Selling, General & Admin $6.523B $26.10B
YoY Change 9.21% 4.67%
% of Gross Profit 14.87% 14.44%
Research & Development $7.765B $31.37B
YoY Change 4.34% 4.86%
% of Gross Profit 17.7% 17.36%
Depreciation & Amortization $2.911B $11.45B
YoY Change -4.62% -0.64%
% of Gross Profit 6.63% 6.33%
Operating Expenses -$36.76B -$152.9B
YoY Change -374.04% -378.75%
Operating Profit $80.64B $333.6B
YoY Change 250.65% 191.83%
Interest Expense $19.00M $269.0M
YoY Change -205.56% -93.16%
% of Operating Profit 0.02% 0.08%
Other Income/Expense, Net $19.00M $269.0M
YoY Change -107.69% -147.61%
Pretax Income $29.61B $123.5B
YoY Change 30.25% 8.57%
Income Tax $14.87B $29.75B
% Of Pretax Income 50.23% 24.09%
Net Earnings $14.74B $93.74B
YoY Change -25.88% -3.36%
Net Earnings / Revenue 21.06% 23.97%
Basic Earnings Per Share $6.11
Diluted Earnings Per Share $0.97 $6.08
COMMON SHARES
Basic Shares Outstanding 15.12B shares 15.20B shares 15.34B shares
Diluted Shares Outstanding 15.41B shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $65.17B $65.17B
YoY Change 4.3% 5.87%
Cash & Equivalents $29.94B $2.744B
Short-Term Investments $35.23B $35.23B
Other Short-Term Assets $14.29B $14.29B
YoY Change 4.74% -2.78%
Inventory $7.286B $7.286B
Prepaid Expenses
Receivables $33.41B $33.41B
Other Receivables $32.83B $32.83B
Total Short-Term Assets $153.0B $153.0B
YoY Change 24.73% 6.56%
LONG-TERM ASSETS
Property, Plant & Equipment $45.68B $45.68B
YoY Change 4.89% -15.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $91.48B $91.48B
YoY Change -12.09% -9.02%
Other Assets $74.83B $74.83B
YoY Change 15.54% 38.33%
Total Long-Term Assets $212.0B $212.0B
YoY Change -0.18% 1.42%
TOTAL ASSETS
Total Short-Term Assets $153.0B $153.0B
Total Long-Term Assets $212.0B $212.0B
Total Assets $365.0B $365.0B
YoY Change 8.94% 3.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $68.96B $68.96B
YoY Change 47.67% 10.14%
Accrued Expenses $1.488B
YoY Change 5.53%
Deferred Revenue $8.249B
YoY Change 1.12%
Short-Term Debt $20.88B $20.88B
YoY Change 422.89% 248.86%
Long-Term Debt Due $10.91B $11.06B
YoY Change 51.22% 10.7%
Total Short-Term Liabilities $176.4B $176.4B
YoY Change 41.16% 21.39%
LONG-TERM LIABILITIES
Long-Term Debt $85.75B $85.75B
YoY Change -12.56% -10.81%
Other Long-Term Liabilities $45.89B $45.89B
YoY Change -11.29% -6.33%
Total Long-Term Liabilities $131.6B $131.6B
YoY Change -12.12% -9.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $176.4B $176.4B
Total Long-Term Liabilities $131.6B $131.6B
Total Liabilities $308.0B $308.0B
YoY Change 12.11% 6.06%
SHAREHOLDERS EQUITY
Retained Earnings -$19.15B
YoY Change -1460.37%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $56.95B $56.95B
YoY Change
Total Liabilities & Shareholders Equity $365.0B $365.0B
YoY Change 8.94% 3.52%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024
OPERATING ACTIVITIES
Net Income $14.74B $93.74B
YoY Change -25.88% -3.36%
Depreciation, Depletion And Amortization $2.911B $11.45B
YoY Change -4.62% -0.64%
Cash From Operating Activities $26.81B $118.3B
YoY Change 1.63% 6.98%
INVESTING ACTIVITIES
Capital Expenditures $2.908B $9.447B
YoY Change 38.94% -13.8%
Acquisitions
YoY Change
Other Investing Activities -$4.647B $3.382B
YoY Change -283.68% 152.95%
Cash From Investing Activities $1.445B $2.935B
YoY Change 230.66% -20.78%
FINANCING ACTIVITIES
Cash Dividend Paid $15.23B
YoY Change 1.39%
Common Stock Issuance & Retirement, Net -$94.95B
YoY Change -222.44%
Debt Paid & Issued, Net $9.958B
YoY Change -10.7%
Cash From Financing Activities -24.95B -122.0B
YoY Change 3.74% 12.44%
NET CHANGE
Cash From Operating Activities 26.81B 118.3B
Cash From Investing Activities 1.445B 2.935B
Cash From Financing Activities -24.95B -122.0B
Net Change In Cash 3.308B -794.0M
YoY Change 19.47% -113.78%
FREE CASH FLOW
Cash From Operating Activities $26.81B $118.3B
Capital Expenditures $2.908B $9.447B
Free Cash Flow $23.90B $108.8B
YoY Change -1.58% 9.26%

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CY2024 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11688000000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10833000000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9038000000 usd
CY2024 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3350000000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3421000000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4002000000 usd
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
3206000000 usd
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
2440000000 usd
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
1156000000 usd
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
3121000000 usd
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
633000000 usd
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
670000000 usd
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
11226000000 usd
CY2024 us-gaap Operating Income Loss
OperatingIncomeLoss
123216000000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
114301000000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
119437000000 usd
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
391035000000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
383285000000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
394328000000 usd
CY2024Q3 us-gaap Noncurrent Assets
NoncurrentAssets
45680000000 usd
CY2023Q3 us-gaap Noncurrent Assets
NoncurrentAssets
43715000000 usd
CY2024 dei Auditor Name
AuditorName
Ernst & Young LLP
CY2024 dei Auditor Location
AuditorLocation
San Jose, California
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024 ecd Insider Trd Policies Proc Adopted Flag
InsiderTrdPoliciesProcAdoptedFlag
true
CY2024 dei Auditor Firm
AuditorFirmId
42

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