2023 Q1 Form 10-K Financial Statement
#000126723823000007 Filed on February 17, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $2.643B | $2.653B | $10.19B |
YoY Change | 6.45% | 3.03% | 0.05% |
Cost Of Revenue | $645.6M | $2.360B | |
YoY Change | 30.56% | 7.47% | |
Gross Profit | $1.997B | $7.833B | |
YoY Change | 0.45% | -1.99% | |
Gross Profit Margin | 75.57% | 76.85% | |
Selling, General & Admin | $1.823B | $1.922B | $7.366B |
YoY Change | 1.83% | 104.55% | 127.31% |
% of Gross Profit | 91.29% | 94.04% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $984.3M | $41.80M | $182.0M |
YoY Change | 10.66% | -8.33% | 146.61% |
% of Gross Profit | 49.28% | 2.32% | |
Operating Expenses | $2.469B | $2.521B | $9.726B |
YoY Change | 37.88% | 5.65% | 200.13% |
Operating Profit | -$471.6M | -$1.893B | |
YoY Change | -338.54% | -139.84% | |
Interest Expense | $27.00M | -$27.90M | $108.3M |
YoY Change | 0.37% | 2.95% | -3.13% |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $147.1M | $96.30M | $349.9M |
YoY Change | -13.88% | -40.48% | -55.31% |
Income Tax | $33.50M | $28.20M | $73.30M |
% Of Pretax Income | 22.77% | 29.28% | 20.95% |
Net Earnings | $113.6M | $68.10M | $276.6M |
YoY Change | -21.92% | -44.9% | -79.85% |
Net Earnings / Revenue | 4.3% | 2.57% | 2.71% |
Basic Earnings Per Share | $2.12 | $5.09 | |
Diluted Earnings Per Share | $2.12 | $1.27 | $5.05 |
COMMON SHARES | |||
Basic Shares Outstanding | 52.92M shares | 52.83M shares | 54.37M shares |
Diluted Shares Outstanding | 53.70M shares | 54.78M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $1.526B | $1.537B | $1.537B |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | |||
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $671.2M | $645.1M | $674.7M |
YoY Change | 14.68% | 14.91% | 20.18% |
Goodwill | $2.604B | $2.603B | |
YoY Change | 1.33% | 1.22% | |
Intangibles | $615.9M | $638.9M | |
YoY Change | -11.39% | -11.17% | |
Long-Term Investments | $9.346B | $9.061B | $9.061B |
YoY Change | 13.72% | 4.49% | 4.49% |
Other Assets | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Total Long-Term Assets | |||
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | |||
Total Long-Term Assets | |||
Total Assets | $32.92B | $33.12B | $33.12B |
YoY Change | -0.33% | -2.35% | -2.35% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $4.120B | $4.238B | $4.238B |
YoY Change | 52.96% | 39.22% | 39.22% |
Accrued Expenses | $39.70M | ||
YoY Change | -34.38% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $4.120B | $4.238B | $4.238B |
YoY Change | -15.21% | -20.66% | -20.66% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $2.129B | $2.130B | $2.130B |
YoY Change | -3.37% | -3.3% | -3.3% |
Other Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Total Long-Term Liabilities | $2.129B | $2.130B | $2.130B |
YoY Change | -34.3% | -34.81% | -34.81% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.120B | $4.238B | $4.238B |
Total Long-Term Liabilities | $2.129B | $2.130B | $2.130B |
Total Liabilities | $28.52B | $28.90B | $28.90B |
YoY Change | 1.85% | 1.54% | 1.54% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $3.776B | $3.699B | |
YoY Change | -5.04% | -8.46% | |
Common Stock | $1.643B | $1.638B | |
YoY Change | -0.6% | -3.38% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $122.8M | $122.8M | |
YoY Change | 0.0% | 0.0% | |
Treasury Stock Shares | 2.296M shares | ||
Shareholders Equity | $4.396B | $4.229B | $4.229B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $32.92B | $33.12B | $33.12B |
YoY Change | -0.33% | -2.35% | -2.35% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $113.6M | $68.10M | $276.6M |
YoY Change | -21.92% | -44.9% | -79.85% |
Depreciation, Depletion And Amortization | $984.3M | $41.80M | $182.0M |
YoY Change | 10.66% | -8.33% | 146.61% |
Cash From Operating Activities | $259.6M | $277.1M | $596.9M |
YoY Change | -151.81% | 8.79% | -23.64% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $48.40M | $52.40M | $186.3M |
YoY Change | 17.76% | -193.4% | -0.59% |
Acquisitions | $300.0K | $72.50M | |
YoY Change | 336.75% | ||
Other Investing Activities | -$100.0K | -$74.80M | -$75.80M |
YoY Change | -50.0% | -142.26% | 2268.75% |
Cash From Investing Activities | -$229.4M | -$127.2M | -$262.1M |
YoY Change | 1624.81% | -205.21% | -266.31% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | $75.90M | ||
YoY Change | -81.92% | ||
Cash From Financing Activities | -$43.00M | -51.20M | -818.4M |
YoY Change | -84.5% | -84.6% | -24.9% |
NET CHANGE | |||
Cash From Operating Activities | $259.6M | 277.1M | 596.9M |
Cash From Investing Activities | -$229.4M | -127.2M | -262.1M |
Cash From Financing Activities | -$43.00M | -51.20M | -818.4M |
Net Change In Cash | -$11.10M | 98.70M | -483.6M |
YoY Change | -98.61% | 128.47% | 178.25% |
FREE CASH FLOW | |||
Cash From Operating Activities | $259.6M | $277.1M | $596.9M |
Capital Expenditures | $48.40M | $52.40M | $186.3M |
Free Cash Flow | $211.2M | $224.7M | $410.6M |
YoY Change | -138.95% | -27.7% | -30.91% |
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|
4228700000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5464100000 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
33123800000 | usd |
CY2021Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
33920600000 | usd |
CY2022 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
8765300000 | usd |
CY2021 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
8572100000 | usd |
CY2020 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
8277900000 | usd |
CY2022 | us-gaap |
Other Income
OtherIncome
|
1243300000 | usd |
CY2021 | us-gaap |
Other Income
OtherIncome
|
1172900000 | usd |
CY2020 | us-gaap |
Other Income
OtherIncome
|
1042300000 | usd |
CY2022 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
364100000 | usd |
CY2021 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
314400000 | usd |
CY2020 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
285600000 | usd |
CY2022 | aiz |
Investment Impairment Lossesincludedin Net Realized Gains Losses
InvestmentImpairmentLossesincludedinNetRealizedGainsLosses
|
4600000 | usd |
CY2021 | aiz |
Investment Impairment Lossesincludedin Net Realized Gains Losses
InvestmentImpairmentLossesincludedinNetRealizedGainsLosses
|
-200000 | usd |
CY2020 | aiz |
Investment Impairment Lossesincludedin Net Realized Gains Losses
InvestmentImpairmentLossesincludedinNetRealizedGainsLosses
|
19700000 | usd |
CY2022 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-179700000 | usd |
CY2021 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
128200000 | usd |
CY2020 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-8200000 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
10193000000 | usd |
CY2021 | us-gaap |
Revenues
Revenues
|
10187600000 | usd |
CY2020 | us-gaap |
Revenues
Revenues
|
9597600000 | usd |
CY2022 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
2359800000 | usd |
CY2021 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
2201900000 | usd |
CY2020 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
2275200000 | usd |
CY2022 | aiz |
Underwriting Selling General And Administrative Expense
UnderwritingSellingGeneralAndAdministrativeExpense
|
7366300000 | usd |
CY2021 | aiz |
Underwriting Selling General And Administrative Expense
UnderwritingSellingGeneralAndAdministrativeExpense
|
7081900000 | usd |
CY2020 | aiz |
Underwriting Selling General And Administrative Expense
UnderwritingSellingGeneralAndAdministrativeExpense
|
6639800000 | usd |
CY2022 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
7800000 | usd |
CY2021 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd |
CY2020 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
108300000 | usd |
CY2021 | us-gaap |
Interest Expense
InterestExpense
|
111800000 | usd |
CY2020 | us-gaap |
Interest Expense
InterestExpense
|
104500000 | usd |
CY2022 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-900000 | usd |
CY2021 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-20700000 | usd |
CY2020 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
CY2022 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
9843100000 | usd |
CY2021 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
9416300000 | usd |
CY2020 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
9019500000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
349900000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
771300000 | usd |
CY2020 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
578100000 | usd |