2024 Q1 Form 10-K Financial Statement

#000088026624000013 Filed on February 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023 Q3
Revenue $2.929B $3.801B $3.456B
YoY Change -12.14% -2.52% 10.7%
Cost Of Revenue $2.159B $2.818B $2.522B
YoY Change -12.9% -4.75% 5.83%
Gross Profit $769.8M $982.8M $934.0M
YoY Change -9.95% 4.49% 26.4%
Gross Profit Margin 26.28% 25.86% 27.03%
Selling, General & Admin $350.4M $416.8M $353.6M
YoY Change 5.61% 27.74% 23.46%
% of Gross Profit 45.52% 42.41% 37.86%
Research & Development $130.9M $150.8M $139.6M
YoY Change 9.45% 14.16% 33.33%
% of Gross Profit 17.0% 15.34% 14.95%
Depreciation & Amortization $63.30M $75.90M $73.20M
YoY Change -7.46% 13.11% 12.1%
% of Gross Profit 8.22% 7.72% 7.84%
Operating Expenses $350.4M $582.0M $493.2M
YoY Change -24.84% 23.02% 21.54%
Operating Profit $273.6M $400.8M $423.6M
YoY Change -29.61% -14.27% 27.17%
Interest Expense -$24.90M $7.200M -$5.500M
YoY Change 4880.0% -263.64% 139.13%
% of Operating Profit -9.1% 1.8% -1.3%
Other Income/Expense, Net -$50.80M -$149.7M -$84.20M
YoY Change 0.79% 105.35% 154.38%
Pretax Income $220.9M $250.6M $333.9M
YoY Change -34.33% -35.5% 12.54%
Income Tax $69.10M -$76.10M $75.30M
% Of Pretax Income 31.28% -30.37% 22.55%
Net Earnings $168.0M $339.0M $280.6M
YoY Change -27.77% 5.21% 17.95%
Net Earnings / Revenue 5.74% 8.92% 8.12%
Basic Earnings Per Share $2.25 $3.75
Diluted Earnings Per Share $2.25 $4.53 $3.74
COMMON SHARES
Basic Shares Outstanding 74.62M shares 74.88M shares 74.88M shares
Diluted Shares Outstanding 74.70M shares 75.00M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.456B $595.5M $681.0M
YoY Change 339.56% -24.57% 12.19%
Cash & Equivalents $2.456B $595.5M $680.7M
Short-Term Investments
Other Short-Term Assets $594.2M $699.3M $624.5M
YoY Change -0.4% 29.79% 5.15%
Inventory $3.782B $3.441B $3.726B
Prepaid Expenses
Receivables $1.542B $1.605B $1.644B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.374B $6.341B $6.675B
YoY Change 32.32% 10.48% 17.08%
LONG-TERM ASSETS
Property, Plant & Equipment $2.062B $2.097B $1.750B
YoY Change 12.69% 31.79% 11.83%
Goodwill $1.326B $1.333B $1.309B
YoY Change 0.25% 1.72% 3.56%
Intangibles $291.6M $308.8M $322.8M
YoY Change -17.63% -15.26% -12.19%
Long-Term Investments $520.5M $512.7M $512.0M
YoY Change 14.02% 17.35% 22.93%
Other Assets $396.4M $346.8M $315.2M
YoY Change -23.81% 29.07% -37.44%
Total Long-Term Assets $5.086B $5.080B $4.676B
YoY Change 13.45% 16.41% 13.59%
TOTAL ASSETS
Total Short-Term Assets $8.374B $6.341B $6.675B
Total Long-Term Assets $5.086B $5.080B $4.676B
Total Assets $13.46B $11.42B $11.35B
YoY Change 24.49% 13.04% 15.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.238B $1.207B $1.308B
YoY Change -13.22% -12.85% 11.7%
Accrued Expenses $2.489B $2.904B $2.507B
YoY Change 16.08% 27.85% 32.18%
Deferred Revenue
YoY Change
Short-Term Debt $28.70M $12.70M $25.90M
YoY Change 485.71% 42.7% -90.11%
Long-Term Debt Due $271.7M $2.300M $79.90M
YoY Change 42.55% -98.77% -19.54%
Total Short-Term Liabilities $4.213B $4.344B $4.119B
YoY Change 5.75% 6.25% 13.85%
LONG-TERM LIABILITIES
Long-Term Debt $3.426B $1.377B $1.920B
YoY Change 91.26% 8.89% 4.01%
Other Long-Term Liabilities $645.4M $616.1M $556.6M
YoY Change -18.1% 30.28% -23.23%
Total Long-Term Liabilities $4.071B $1.993B $2.476B
YoY Change 57.85% 14.71% -3.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.213B $4.344B $4.119B
Total Long-Term Liabilities $4.071B $1.993B $2.476B
Total Liabilities $8.705B $6.764B $6.996B
YoY Change 30.33% 8.73% 11.08%
SHAREHOLDERS EQUITY
Retained Earnings $6.506B $6.360B $6.046B
YoY Change 10.95% 12.47% 13.0%
Common Stock $700.0K $4.800M $46.70M
YoY Change -97.24% -84.47% 107.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.755B $4.657B $4.356B
YoY Change
Total Liabilities & Shareholders Equity $13.46B $11.42B $11.35B
YoY Change 24.49% 13.04% 15.61%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $168.0M $339.0M $280.6M
YoY Change -27.77% 5.21% 17.95%
Depreciation, Depletion And Amortization $63.30M $75.90M $73.20M
YoY Change -7.46% 13.11% 12.1%
Cash From Operating Activities -$370.0M $900.4M $567.7M
YoY Change -33.58% -20.55% 109.41%
INVESTING ACTIVITIES
Capital Expenditures $95.00M $160.4M $120.7M
YoY Change -24.18% 36.16% -191.93%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $0.00 -$6.600M $9.600M
YoY Change -100.0% -447.37% 3100.0%
Cash From Investing Activities -$94.80M -$167.0M -$111.1M
YoY Change -26.4% 44.09% -15.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $2.337B -782.9M -223.3M
YoY Change 406.28% -10.69% 191.9%
NET CHANGE
Cash From Operating Activities -$370.0M 900.4M 567.7M
Cash From Investing Activities -$94.80M -167.0M -111.1M
Cash From Financing Activities $2.337B -782.9M -223.3M
Net Change In Cash $1.860B -49.50M 233.3M
YoY Change -929.38% -135.16% 266.82%
FREE CASH FLOW
Cash From Operating Activities -$370.0M $900.4M $567.7M
Capital Expenditures $95.00M $160.4M $120.7M
Free Cash Flow -$465.0M $740.0M $447.0M
YoY Change -31.86% -27.13% 11.08%

Facts In Submission

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