2022 Q1 Form 10-Q Financial Statement

#000155115222000017 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $13.54B $13.01B
YoY Change 4.06% 50.95%
Cost Of Revenue $4.052B $4.213B
YoY Change -3.82% 116.94%
Gross Profit $9.486B $8.797B
YoY Change 7.83% 31.75%
Gross Profit Margin 70.07% 67.62%
Selling, General & Admin $3.127B $2.842B
YoY Change 10.03% 67.67%
% of Gross Profit 32.96% 32.31%
Research & Development $1.497B $1.667B
YoY Change -10.2% 20.88%
% of Gross Profit 15.78% 18.95%
Depreciation & Amortization $198.0M $206.0M
YoY Change -3.88% 79.13%
% of Gross Profit 2.09% 2.34%
Operating Expenses $4.624B $4.509B
YoY Change 2.55% 46.68%
Operating Profit $4.717B $4.103B
YoY Change 14.96% 13.88%
Interest Expense $548.0M $632.0M
YoY Change -13.29% 12.26%
% of Operating Profit 11.62% 15.4%
Other Income/Expense, Net $776.0M $395.0M
YoY Change 96.46% -648.61%
Pretax Income $4.929B $3.867B
YoY Change 27.46% 24.82%
Income Tax $436.0M $312.0M
% Of Pretax Income 8.85% 8.07%
Net Earnings $4.490B $3.553B
YoY Change 26.37% 18.04%
Net Earnings / Revenue 33.17% 27.31%
Basic Earnings Per Share $2.52 $2.00
Diluted Earnings Per Share $2.51 $1.99
COMMON SHARES
Basic Shares Outstanding 1.771B shares 1.769B shares
Diluted Shares Outstanding 1.778B shares 1.775B shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.572B $9.777B
YoY Change -22.55% -76.24%
Cash & Equivalents $6.098B $9.755B
Short-Term Investments $1.474B $22.00M
Other Short-Term Assets $4.721B $3.932B
YoY Change 20.07% 63.15%
Inventory $3.483B $3.272B
Prepaid Expenses
Receivables $10.73B $9.588B
Other Receivables $0.00 $0.00
Total Short-Term Assets $26.51B $26.57B
YoY Change -0.23% -48.67%
LONG-TERM ASSETS
Property, Plant & Equipment $5.075B $5.193B
YoY Change -2.27% 75.38%
Goodwill $32.30B $32.35B
YoY Change -0.16% 107.89%
Intangibles $73.99B $81.29B
YoY Change -8.99% 346.59%
Long-Term Investments $260.0M $305.0M
YoY Change -14.75% 291.03%
Other Assets $5.083B $4.792B
YoY Change 6.07% 81.65%
Total Long-Term Assets $116.7B $123.9B
YoY Change -5.83% 214.22%
TOTAL ASSETS
Total Short-Term Assets $26.51B $26.57B
Total Long-Term Assets $116.7B $123.9B
Total Assets $143.2B $150.5B
YoY Change -4.84% 65.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.57B $20.60B
YoY Change 9.54% 62.29%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $12.00M $9.000M
YoY Change 33.33% 50.0%
Long-Term Debt Due $9.940B $11.34B
YoY Change -12.33% 201.86%
Total Short-Term Liabilities $32.52B $31.95B
YoY Change 1.78% 93.98%
LONG-TERM LIABILITIES
Long-Term Debt $63.52B $74.18B
YoY Change -14.37% 17.22%
Other Long-Term Liabilities $28.02B $26.87B
YoY Change 4.31% 50.09%
Total Long-Term Liabilities $28.02B $26.87B
YoY Change 4.31% 50.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.52B $31.95B
Total Long-Term Liabilities $28.02B $26.87B
Total Liabilities $60.54B $58.82B
YoY Change 2.94% 71.12%
SHAREHOLDERS EQUITY
Retained Earnings $5.103B $2.292B
YoY Change 122.64% -61.63%
Common Stock $18.73B $17.71B
YoY Change 5.75% 15.01%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.585B $3.017B
YoY Change 51.97% -87.98%
Treasury Stock Shares 44.56M shares 33.97M shares
Shareholders Equity $16.28B $13.71B
YoY Change
Total Liabilities & Shareholders Equity $143.2B $150.5B
YoY Change -4.84% 65.02%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $4.490B $3.553B
YoY Change 26.37% 18.04%
Depreciation, Depletion And Amortization $198.0M $206.0M
YoY Change -3.88% 79.13%
Cash From Operating Activities $4.908B $4.877B
YoY Change 0.64% 27.84%
INVESTING ACTIVITIES
Capital Expenditures $162.0M $188.0M
YoY Change -13.83% 50.4%
Acquisitions
YoY Change
Other Investing Activities -$154.0M -$49.00M
YoY Change 214.29% -1080.0%
Cash From Investing Activities -$1.591B -$342.0M
YoY Change 365.2% 165.12%
FINANCING ACTIVITIES
Cash Dividend Paid $2.526B $2.322B
YoY Change 8.79% 31.71%
Common Stock Issuance & Retirement, Net $1.470B $787.0M
YoY Change 86.79% 22.4%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$6.972B -$3.174B
YoY Change 119.66% 31.05%
NET CHANGE
Cash From Operating Activities $4.908B $4.877B
Cash From Investing Activities -$1.591B -$342.0M
Cash From Financing Activities -$6.972B -$3.174B
Net Change In Cash -$3.648B $1.306B
YoY Change -379.33% 7.22%
FREE CASH FLOW
Cash From Operating Activities $4.908B $4.877B
Capital Expenditures $162.0M $188.0M
Free Cash Flow $4.746B $4.689B
YoY Change 1.22% 27.07%

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