2023 Q3 Form 10-Q Financial Statement

#000087476123000071 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2023 Q1
Revenue $3.434B $3.027B $3.239B
YoY Change -5.32% -1.66% 13.57%
Cost Of Revenue $2.516B $2.529B $2.645B
YoY Change -8.01% 0.56% 13.91%
Gross Profit $918.0M $498.0M $594.0M
YoY Change 2.91% -11.55% 12.08%
Gross Profit Margin 26.73% 16.45% 18.34%
Selling, General & Admin $64.00M $72.00M $55.00M
YoY Change 25.49% 56.52% 5.77%
% of Gross Profit 6.97% 14.46% 9.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $286.0M $277.0M $273.0M
YoY Change 7.52% 4.92% 1.11%
% of Gross Profit 31.15% 55.62% 45.96%
Operating Expenses $61.00M $65.00M $58.00M
YoY Change 15.09% 30.0% 1.75%
Operating Profit $857.0M $433.0M $536.0M
YoY Change 2.15% -15.59% 13.32%
Interest Expense $326.0M -$246.0M $330.0M
YoY Change 18.12% -188.17% 27.91%
% of Operating Profit 38.04% -56.81% 61.57%
Other Income/Expense, Net $12.00M $12.00M $14.00M
YoY Change 20.0% -58.62% 16.67%
Pretax Income $414.0M $4.000M $265.0M
YoY Change -1085.71% -107.55% -501.52%
Income Tax $109.0M -$2.000M $72.00M
% Of Pretax Income 26.33% -50.0% 27.17%
Net Earnings $231.0M -$39.00M $151.0M
YoY Change -45.13% -78.21% 31.3%
Net Earnings / Revenue 6.73% -1.29% 4.66%
Basic Earnings Per Share $0.34 -$0.06 $0.22
Diluted Earnings Per Share $0.32 -$0.06 $0.21
COMMON SHARES
Basic Shares Outstanding 669.6M shares 669.3M shares 668.8M shares
Diluted Shares Outstanding 712.0M shares 669.0M shares 712.0M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.303B $2.035B $2.263B
YoY Change 3.55% 21.86% 51.27%
Cash & Equivalents $1.765B $1.322B $1.441B
Short-Term Investments $538.0M $713.0M $822.0M
Other Short-Term Assets $1.472B $2.686B $1.523B
YoY Change 12.97% 111.66% 37.21%
Inventory $798.0M $774.0M $864.0M
Prepaid Expenses $161.0M $218.0M $167.0M
Receivables $1.725B $1.710B $1.859B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.317B $7.205B $7.643B
YoY Change -4.08% 4.07% 24.44%
LONG-TERM ASSETS
Property, Plant & Equipment $27.54B $26.08B $24.21B
YoY Change 27.49% 25.65% 18.38%
Goodwill $362.0M $362.0M $362.0M
YoY Change -69.3% -69.3% -69.37%
Intangibles $2.290B $2.282B $1.862B
YoY Change 40.84% 38.64% 17.48%
Long-Term Investments $894.0M $858.0M $768.0M
YoY Change -20.25% -21.86% -28.95%
Other Assets $3.140B $3.703B $2.961B
YoY Change 5.94% 33.44% 18.96%
Total Long-Term Assets $35.84B $34.30B $31.71B
YoY Change 18.9% 17.68% 11.25%
TOTAL ASSETS
Total Short-Term Assets $7.317B $7.205B $7.643B
Total Long-Term Assets $35.84B $34.30B $31.71B
Total Assets $43.16B $41.51B $39.36B
YoY Change 14.26% 15.07% 13.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.641B $1.583B $1.505B
YoY Change -2.78% -6.05% 16.85%
Accrued Expenses $2.442B $2.763B $2.103B
YoY Change 101.49% 151.41% 84.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.760B $2.945B $2.237B
YoY Change 87.34% 33.74% -0.75%
Total Short-Term Liabilities $8.819B $7.628B $6.776B
YoY Change 49.42% 27.37% 17.78%
LONG-TERM LIABILITIES
Long-Term Debt $23.63B $23.60B $22.59B
YoY Change 17.0% 23.07% 25.54%
Other Long-Term Liabilities $2.775B $3.128B $3.131B
YoY Change -12.38% 0.35% -4.4%
Total Long-Term Liabilities $27.66B $26.73B $26.84B
YoY Change 9.73% 11.1% 16.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.819B $7.628B $6.776B
Total Long-Term Liabilities $27.66B $26.73B $26.84B
Total Liabilities $36.48B $39.01B $33.61B
YoY Change 17.26% 29.85% 16.7%
SHAREHOLDERS EQUITY
Retained Earnings -$1.292B -$1.523B -$1.484B
YoY Change 76.5% 32.09% 52.36%
Common Stock $8.000M $8.000M $8.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.814B $1.814B $1.815B
YoY Change -0.98% -0.98% -0.93%
Treasury Stock Shares
Shareholders Equity $2.779B $2.492B $2.362B
YoY Change
Total Liabilities & Shareholders Equity $43.16B $41.51B $39.36B
YoY Change 14.26% 15.07% 13.59%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $231.0M -$39.00M $151.0M
YoY Change -45.13% -78.21% 31.3%
Depreciation, Depletion And Amortization $286.0M $277.0M $273.0M
YoY Change 7.52% 4.92% 1.11%
Cash From Operating Activities $1.108B $565.0M $625.0M
YoY Change 55.62% 25.28% 36.76%
INVESTING ACTIVITIES
Capital Expenditures $1.899B $1.845B $1.551B
YoY Change -280.51% -306.61% 102.48%
Acquisitions
YoY Change
Other Investing Activities -$24.00M -$281.0M $11.00M
YoY Change -87.37% -47.67% 10.0%
Cash From Investing Activities -$1.923B -$2.126B -$1.624B
YoY Change 54.83% 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 1.211B 1.513B $1.016B
YoY Change 28.97% 36.8% 24.21%
NET CHANGE
Cash From Operating Activities 1.108B 565.0M $625.0M
Cash From Investing Activities -1.923B -2.126B -$1.624B
Cash From Financing Activities 1.211B 1.513B $1.016B
Net Change In Cash 396.0M -48.00M -$10.00M
YoY Change -3.18% -137.8% -112.82%
FREE CASH FLOW
Cash From Operating Activities $1.108B $565.0M $625.0M
Capital Expenditures $1.899B $1.845B $1.551B
Free Cash Flow -$791.0M -$1.280B -$926.0M
YoY Change -144.84% -195.24% 199.68%

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