2024 Q2 Form 10-Q Financial Statement

#000155115224000020 Filed on May 03, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $14.46B $12.31B $12.23B
YoY Change 4.31% 0.7% -9.7%
Cost Of Revenue $4.202B $4.094B $3.971B
YoY Change 0.24% 3.1% -2.0%
Gross Profit $10.26B $8.216B $8.254B
YoY Change 6.07% -0.46% -12.99%
Gross Profit Margin 70.94% 66.74% 67.52%
Selling, General & Admin $3.377B $3.315B $2.995B
YoY Change 6.4% 10.68% -4.22%
% of Gross Profit 32.91% 40.35% 36.29%
Research & Development $1.948B $1.939B $2.290B
YoY Change 12.73% -15.33% 52.97%
% of Gross Profit 18.99% 23.6% 27.74%
Depreciation & Amortization $184.0M $183.0M $179.0M
YoY Change -3.16% 2.23% -9.6%
% of Gross Profit 1.79% 2.23% 2.17%
Operating Expenses $5.325B $5.254B $5.275B
YoY Change 12.51% -0.4% 14.08%
Operating Profit $3.998B $2.798B $2.979B
YoY Change -19.07% -6.08% -36.85%
Interest Expense $726.0M $660.0M -$489.0M
YoY Change -247.86% -234.97% -189.23%
% of Operating Profit 18.16% 23.59% -16.41%
Other Income/Expense, Net -$1.345B -$586.0M -$1.804B
YoY Change -4.75% -67.52% -332.47%
Pretax Income $2.146B $1.755B $475.0M
YoY Change -17.78% 269.47% -90.36%
Income Tax $773.0M $383.0M $234.0M
% Of Pretax Income 36.02% 21.82% 49.26%
Net Earnings $1.370B $1.369B $239.0M
YoY Change -32.31% 472.8% -94.68%
Net Earnings / Revenue 9.47% 11.12% 1.96%
Basic Earnings Per Share $0.77 $0.77 $0.13
Diluted Earnings Per Share $0.77 $0.77 $0.13
COMMON SHARES
Basic Shares Outstanding 1.766B shares 1.766B shares 1.769B shares
Diluted Shares Outstanding 1.771B shares 1.773B shares 1.776B shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.16B $18.07B $6.722B
YoY Change 50.09% 168.8% -11.23%
Cash & Equivalents $13.13B $18.07B $6.711B
Short-Term Investments $27.00M $2.000M $11.00M
Other Short-Term Assets $4.717B $4.608B $4.460B
YoY Change 3.9% 3.32% -5.53%
Inventory $4.218B $4.245B $3.833B
Prepaid Expenses
Receivables $11.72B $11.95B $11.47B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $33.82B $38.87B $26.49B
YoY Change 17.21% 46.75% -0.08%
LONG-TERM ASSETS
Property, Plant & Equipment $5.023B $4.980B $4.931B
YoY Change 1.62% 0.99% -2.84%
Goodwill $33.39B $33.43B $32.22B
YoY Change 3.61% 3.74% -0.24%
Intangibles $60.24B $62.23B $64.85B
YoY Change -4.17% -4.04% -12.35%
Long-Term Investments $272.0M $305.0M $257.0M
YoY Change -5.56% 18.68% -1.15%
Other Assets $9.197B $9.067B $5.800B
YoY Change 48.39% 56.33% 14.11%
Total Long-Term Assets $108.1B $110.0B $108.1B
YoY Change 1.51% 1.8% -7.41%
TOTAL ASSETS
Total Short-Term Assets $33.82B $38.87B $26.49B
Total Long-Term Assets $108.1B $110.0B $108.1B
Total Assets $141.9B $148.9B $134.5B
YoY Change 4.85% 10.65% -6.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.33B $31.33B $24.79B
YoY Change 8.48% 26.37% 9.84%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $3.000M $1.000M
YoY Change 200.0% -91.67%
Long-Term Debt Due $12.59B $10.19B $2.800B
YoY Change 141.9% 264.04% -71.83%
Total Short-Term Liabilities $41.92B $41.52B $27.59B
YoY Change 30.01% 50.5% -15.16%
LONG-TERM LIABILITIES
Long-Term Debt $58.05B $63.81B $59.29B
YoY Change 4.01% 7.61% -6.66%
Other Long-Term Liabilities $32.43B $32.78B $32.25B
YoY Change 0.41% 1.64% 15.08%
Total Long-Term Liabilities $32.43B $32.78B $32.25B
YoY Change 0.41% 1.64% 15.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $41.92B $41.52B $27.59B
Total Long-Term Liabilities $32.43B $32.78B $32.25B
Total Liabilities $74.34B $74.30B $59.84B
YoY Change 15.2% 24.17% -1.16%
SHAREHOLDERS EQUITY
Retained Earnings -$3.768B -$2.384B $2.393B
YoY Change -310.62% -199.62% -53.11%
Common Stock $20.88B $20.66B $19.62B
YoY Change 5.24% 5.29% 4.74%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.838B $7.829B $6.524B
YoY Change 20.07% 20.0% 42.29%
Treasury Stock Shares
Shareholders Equity $6.778B $8.007B $13.27B
YoY Change
Total Liabilities & Shareholders Equity $141.9B $148.9B $134.5B
YoY Change 4.85% 10.65% -6.05%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $1.370B $1.369B $239.0M
YoY Change -32.31% 472.8% -94.68%
Depreciation, Depletion And Amortization $184.0M $183.0M $179.0M
YoY Change -3.16% 2.23% -9.6%
Cash From Operating Activities $2.271B $4.040B $4.193B
YoY Change -64.06% -3.65% -14.57%
INVESTING ACTIVITIES
Capital Expenditures $241.0M $193.0M $175.0M
YoY Change 35.39% 10.29% 8.02%
Acquisitions $9.199B $0.00
YoY Change
Other Investing Activities -$861.0M $6.000M -$26.00M
YoY Change 428.22% -123.08% -83.12%
Cash From Investing Activities -$1.102B -$9.588B -$499.0M
YoY Change 223.17% 1821.44% -68.64%
FINANCING ACTIVITIES
Cash Dividend Paid $2.772B $2.661B
YoY Change 4.17% 5.34%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.097B $10.82B -$6.192B
YoY Change 55.54% -274.73% -11.19%
NET CHANGE
Cash From Operating Activities 2.271B $4.040B $4.193B
Cash From Investing Activities -1.102B -$9.588B -$499.0M
Cash From Financing Activities -6.097B $10.82B -$6.192B
Net Change In Cash -4.928B $5.253B -$2.490B
YoY Change -339.46% -310.96% -31.74%
FREE CASH FLOW
Cash From Operating Activities $2.271B $4.040B $4.193B
Capital Expenditures $241.0M $193.0M $175.0M
Free Cash Flow $2.030B $3.847B $4.018B
YoY Change -66.94% -4.26% -15.34%

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