2024 Q1 Form 10-K Financial Statement

#000079634324000006 Filed on January 17, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $5.182B $5.048B $19.41B
YoY Change 11.32% 11.56% 10.24%
Cost Of Revenue $590.0M $634.0M $2.354B
YoY Change 3.87% 11.62% 8.73%
Gross Profit $4.592B $4.414B $17.06B
YoY Change 12.36% 11.55% 10.45%
Gross Profit Margin 88.61% 87.44% 87.87%
Selling, General & Admin $1.704B $1.740B $6.764B
YoY Change 4.41% 6.29% 9.33%
% of Gross Profit 37.11% 39.42% 39.66%
Research & Development $939.0M $889.0M $3.473B
YoY Change 13.54% 15.01% 16.27%
% of Gross Profit 20.45% 20.14% 20.36%
Depreciation & Amortization $212.0M $222.0M $872.0M
YoY Change 0.0% 3.26% 1.87%
% of Gross Profit 4.62% 5.03% 5.11%
Operating Expenses $2.685B $2.671B $10.41B
YoY Change 7.36% 8.93% 11.37%
Operating Profit $1.907B $1.743B $6.650B
YoY Change 20.24% 15.81% 9.05%
Interest Expense -$9.000M -$24.00M $113.0M
YoY Change -70.97% 0.0% -186.26%
% of Operating Profit -0.47% -1.38% 1.7%
Other Income/Expense, Net $70.00M $89.00M $149.0M
YoY Change 62.79% 147.22% 263.41%
Pretax Income $968.0M $1.808B $6.799B
YoY Change -39.42% 19.18% 13.17%
Income Tax $348.0M $325.0M $1.371B
% Of Pretax Income 35.95% 17.98% 20.16%
Net Earnings $620.0M $1.483B $5.428B
YoY Change -50.28% 26.11% 14.13%
Net Earnings / Revenue 11.96% 29.38% 27.97%
Basic Earnings Per Share $1.37 $11.87
Diluted Earnings Per Share $1.36 $3.23 $11.82
COMMON SHARES
Basic Shares Outstanding 452.0M shares 457.1M shares
Diluted Shares Outstanding 456.3M shares 459.1M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.820B $7.842B $7.842B
YoY Change 20.64% 28.64% 28.64%
Cash & Equivalents $5.642B $7.141B $7.141B
Short-Term Investments $566.0M $701.0M $701.0M
Other Short-Term Assets $978.0M $1.018B $1.018B
YoY Change 10.14% 21.92% 21.92%
Inventory
Prepaid Expenses
Receivables $2.210B $2.220B $2.224B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.01B $11.08B $11.08B
YoY Change 19.97% 23.21% 23.21%
LONG-TERM ASSETS
Property, Plant & Equipment $2.354B $2.030B $2.388B
YoY Change -0.63% -12.31% 3.15%
Goodwill $12.80B $12.81B
YoY Change 0.08% 0.14%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.575B $1.223B $2.414B
YoY Change 42.27% -24.41% 49.2%
Total Long-Term Assets $18.74B $18.70B $18.70B
YoY Change 2.28% 2.9% 2.9%
TOTAL ASSETS
Total Short-Term Assets $10.01B $11.08B $11.08B
Total Long-Term Assets $18.74B $18.70B $18.70B
Total Assets $28.75B $29.78B $29.78B
YoY Change 7.81% 9.62% 9.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $300.0M $314.0M $314.0M
YoY Change -2.6% -17.15% -17.15%
Accrued Expenses $1.526B $1.942B $2.015B
YoY Change -1.55% 3.46% 7.35%
Deferred Revenue $5.975B $5.837B
YoY Change 11.54% 10.19%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.497B $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $9.537B $8.251B $8.251B
YoY Change 28.24% 1.51% 1.51%
LONG-TERM LIABILITIES
Long-Term Debt $2.138B $3.634B $3.634B
YoY Change -41.1% 0.14% 0.14%
Other Long-Term Liabilities $1.616B $376.0M $1.376B
YoY Change 15.93% -71.71% 3.54%
Total Long-Term Liabilities $3.754B $376.0M $5.010B
YoY Change -25.28% -92.42% 1.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.537B $8.251B $8.251B
Total Long-Term Liabilities $3.754B $376.0M $5.010B
Total Liabilities $13.29B $13.26B $13.26B
YoY Change 6.66% 1.12% 1.12%
SHAREHOLDERS EQUITY
Retained Earnings $33.81B $33.35B
YoY Change 14.86% 17.75%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $30.11B $28.13B
YoY Change 19.45% 17.98%
Treasury Stock Shares
Shareholders Equity $15.46B $16.52B $16.52B
YoY Change
Total Liabilities & Shareholders Equity $28.75B $29.78B $29.78B
YoY Change 7.81% 9.62% 9.62%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $620.0M $1.483B $5.428B
YoY Change -50.28% 26.11% 14.13%
Depreciation, Depletion And Amortization $212.0M $222.0M $872.0M
YoY Change 0.0% 3.26% 1.87%
Cash From Operating Activities $1.174B $1.597B $7.302B
YoY Change -30.66% -31.31% -6.84%
INVESTING ACTIVITIES
Capital Expenditures $37.00M $47.00M $360.0M
YoY Change -63.37% -151.65% -181.45%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $103.0M $200.0M $1.136B
YoY Change -59.92% 809.09% -987.5%
Cash From Investing Activities $66.00M $153.0M $776.0M
YoY Change -57.69% -321.74% -236.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.400B
YoY Change -168.25%
Debt Paid & Issued, Net $0.00 $500.0M
YoY Change -100.0%
Cash From Financing Activities -2.128B -1.217B -$5.182B
YoY Change 5.66% -36.32% -24.07%
NET CHANGE
Cash From Operating Activities 1.174B 1.597B $7.302B
Cash From Investing Activities 66.00M 153.0M $776.0M
Cash From Financing Activities -2.128B -1.217B -$5.182B
Net Change In Cash -888.0M 533.0M $2.905B
YoY Change 438.18% 54.49% 555.76%
FREE CASH FLOW
Cash From Operating Activities $1.174B $1.597B $7.302B
Capital Expenditures $37.00M $47.00M $360.0M
Free Cash Flow $1.137B $1.550B $6.942B
YoY Change -28.58% -35.84% -16.16%

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Files In Submission

Name View Source Status
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