2023 Q2 Form 10-Q Financial Statement

#000087476123000039 Filed on May 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $3.027B $3.239B
YoY Change -1.66% 13.57%
Cost Of Revenue $2.529B $2.645B
YoY Change 0.56% 13.91%
Gross Profit $498.0M $594.0M
YoY Change -11.55% 12.08%
Gross Profit Margin 16.45% 18.34%
Selling, General & Admin $72.00M $55.00M
YoY Change 56.52% 5.77%
% of Gross Profit 14.46% 9.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $277.0M $273.0M
YoY Change 4.92% 1.11%
% of Gross Profit 55.62% 45.96%
Operating Expenses $65.00M $58.00M
YoY Change 30.0% 1.75%
Operating Profit $433.0M $536.0M
YoY Change -15.59% 13.32%
Interest Expense -$246.0M $330.0M
YoY Change -188.17% 27.91%
% of Operating Profit -56.81% 61.57%
Other Income/Expense, Net $12.00M $14.00M
YoY Change -58.62% 16.67%
Pretax Income $4.000M $265.0M
YoY Change -107.55% -501.52%
Income Tax -$2.000M $72.00M
% Of Pretax Income -50.0% 27.17%
Net Earnings -$39.00M $151.0M
YoY Change -78.21% 31.3%
Net Earnings / Revenue -1.29% 4.66%
Basic Earnings Per Share -$0.06 $0.22
Diluted Earnings Per Share -$0.06 $0.21
COMMON SHARES
Basic Shares Outstanding 669.3M shares 668.8M shares
Diluted Shares Outstanding 669.0M shares 712.0M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.035B $2.263B
YoY Change 21.86% 51.27%
Cash & Equivalents $1.322B $1.441B
Short-Term Investments $713.0M $822.0M
Other Short-Term Assets $2.686B $1.523B
YoY Change 111.66% 37.21%
Inventory $774.0M $864.0M
Prepaid Expenses $218.0M $167.0M
Receivables $1.710B $1.859B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.205B $7.643B
YoY Change 4.07% 24.44%
LONG-TERM ASSETS
Property, Plant & Equipment $26.08B $24.21B
YoY Change 25.65% 18.38%
Goodwill $362.0M $362.0M
YoY Change -69.3% -69.37%
Intangibles $2.282B $1.862B
YoY Change 38.64% 17.48%
Long-Term Investments $858.0M $768.0M
YoY Change -21.86% -28.95%
Other Assets $3.703B $2.961B
YoY Change 33.44% 18.96%
Total Long-Term Assets $34.30B $31.71B
YoY Change 17.68% 11.25%
TOTAL ASSETS
Total Short-Term Assets $7.205B $7.643B
Total Long-Term Assets $34.30B $31.71B
Total Assets $41.51B $39.36B
YoY Change 15.07% 13.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.583B $1.505B
YoY Change -6.05% 16.85%
Accrued Expenses $2.763B $2.103B
YoY Change 151.41% 84.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.945B $2.237B
YoY Change 33.74% -0.75%
Total Short-Term Liabilities $7.628B $6.776B
YoY Change 27.37% 17.78%
LONG-TERM LIABILITIES
Long-Term Debt $23.60B $22.59B
YoY Change 23.07% 25.54%
Other Long-Term Liabilities $3.128B $3.131B
YoY Change 0.35% -4.4%
Total Long-Term Liabilities $26.73B $26.84B
YoY Change 11.1% 16.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.628B $6.776B
Total Long-Term Liabilities $26.73B $26.84B
Total Liabilities $39.01B $33.61B
YoY Change 29.85% 16.7%
SHAREHOLDERS EQUITY
Retained Earnings -$1.523B -$1.484B
YoY Change 32.09% 52.36%
Common Stock $8.000M $8.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.814B $1.815B
YoY Change -0.98% -0.93%
Treasury Stock Shares
Shareholders Equity $2.492B $2.362B
YoY Change
Total Liabilities & Shareholders Equity $41.51B $39.36B
YoY Change 15.07% 13.59%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$39.00M $151.0M
YoY Change -78.21% 31.3%
Depreciation, Depletion And Amortization $277.0M $273.0M
YoY Change 4.92% 1.11%
Cash From Operating Activities $565.0M $625.0M
YoY Change 25.28% 36.76%
INVESTING ACTIVITIES
Capital Expenditures $1.845B $1.551B
YoY Change -306.61% 102.48%
Acquisitions
YoY Change
Other Investing Activities -$281.0M $11.00M
YoY Change -47.67% 10.0%
Cash From Investing Activities -$2.126B -$1.624B
YoY Change 48.67% 40.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.513B $1.016B
YoY Change 36.8% 24.21%
NET CHANGE
Cash From Operating Activities 565.0M $625.0M
Cash From Investing Activities -2.126B -$1.624B
Cash From Financing Activities 1.513B $1.016B
Net Change In Cash -48.00M -$10.00M
YoY Change -137.8% -112.82%
FREE CASH FLOW
Cash From Operating Activities $565.0M $625.0M
Capital Expenditures $1.845B $1.551B
Free Cash Flow -$1.280B -$926.0M
YoY Change -195.24% 199.68%

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CY2022Q1 aes Less Income Taxes Expense Benefit Interest Expense Income And Depreciation And Amortization From Equity Affiliates
LessIncomeTaxesExpenseBenefitInterestExpenseIncomeAndDepreciationAndAmortizationFromEquityAffiliates
34000000 usd
CY2023Q1 aes Interest Income Recognized Under Service Concession Arrangements
InterestIncomeRecognizedUnderServiceConcessionArrangements
18000000 usd
CY2022Q1 aes Interest Income Recognized Under Service Concession Arrangements
InterestIncomeRecognizedUnderServiceConcessionArrangements
19000000 usd
CY2023Q1 aes Unrealized Derivative And Equity Securities Losses Gains
UnrealizedDerivativeAndEquitySecuritiesLossesGains
-39000000 usd
CY2022Q1 aes Unrealized Derivative And Equity Securities Losses Gains
UnrealizedDerivativeAndEquitySecuritiesLossesGains
42000000 usd
CY2023Q1 aes Unrealized Foreign Currency Losses Gains
UnrealizedForeignCurrencyLossesGains
32000000 usd
CY2022Q1 aes Unrealized Foreign Currency Losses Gains
UnrealizedForeignCurrencyLossesGains
-18000000 usd
CY2023Q1 aes Disposition Acquisition Losses
DispositionAcquisitionLosses
-3000000 usd
CY2022Q1 aes Disposition Acquisition Losses
DispositionAcquisitionLosses
9000000 usd
CY2023Q1 aes Impairment Losses
ImpairmentLosses
9000000 usd
CY2022Q1 aes Impairment Losses
ImpairmentLosses
1000000 usd
CY2023Q1 aes Loss On Extinguishment Of Debt
LossOnExtinguishmentOfDebt
1000000 usd
CY2022Q1 aes Loss On Extinguishment Of Debt
LossOnExtinguishmentOfDebt
6000000 usd
CY2023Q1 aes Total Adjusted Ebitda
TotalAdjustedEBITDA
628000000 usd
CY2022Q1 aes Total Adjusted Ebitda
TotalAdjustedEBITDA
621000000 usd

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