2022 Q4 Form 10-Q Financial Statement

#000031815422000055 Filed on November 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $6.839B $6.652B
YoY Change -0.1% -0.81%
Cost Of Revenue $1.747B $1.588B
YoY Change 1.69% -1.31%
Gross Profit $5.092B $5.064B
YoY Change -0.7% -0.65%
Gross Profit Margin 74.46% 76.13%
Selling, General & Admin $1.468B $1.287B
YoY Change 3.02% -1.38%
% of Gross Profit 28.83% 25.41%
Research & Development $1.291B $1.112B
YoY Change -4.23% -21.8%
% of Gross Profit 25.35% 21.96%
Depreciation & Amortization $137.0M $837.0M
YoY Change -83.92% -1.53%
% of Gross Profit 2.69% 16.53%
Operating Expenses $2.862B $2.399B
YoY Change 1.35% -12.03%
Operating Profit $2.230B $2.660B
YoY Change -3.21% 11.86%
Interest Expense -$415.0M -$368.0M
YoY Change 23.88% 24.32%
% of Operating Profit -18.61% -13.83%
Other Income/Expense, Net -$67.00M $100.0M
YoY Change -141.36% 36.99%
Pretax Income $1.748B $2.392B
YoY Change -17.97% 11.0%
Income Tax $132.0M $249.0M
% Of Pretax Income 7.55% 10.41%
Net Earnings $1.616B $2.143B
YoY Change -14.9% 13.75%
Net Earnings / Revenue 23.63% 32.22%
Basic Earnings Per Share $4.01
Diluted Earnings Per Share $2.998M $3.98
COMMON SHARES
Basic Shares Outstanding 533.6M shares 534.9M shares
Diluted Shares Outstanding 538.0M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.305B $11.48B
YoY Change 15.78% -11.17%
Cash & Equivalents $9.305B $9.502B
Short-Term Investments $1.676B $1.976B
Other Short-Term Assets $2.388B $2.501B
YoY Change 0.89% -1.61%
Inventory $4.930B $4.757B
Prepaid Expenses
Receivables $5.563B $5.326B
Other Receivables $0.00 $0.00
Total Short-Term Assets $22.19B $24.06B
YoY Change 14.45% -1.3%
LONG-TERM ASSETS
Property, Plant & Equipment $5.427B $5.188B
YoY Change 4.69% 4.13%
Goodwill $15.53B $14.85B
YoY Change 4.29% 1.23%
Intangibles $16.08B $13.27B
YoY Change 5.91% -9.5%
Long-Term Investments
YoY Change
Other Assets $5.899B $6.339B
YoY Change -9.58% 0.51%
Total Long-Term Assets $42.94B $39.64B
YoY Change 2.76% -2.4%
TOTAL ASSETS
Total Short-Term Assets $22.19B $24.06B
Total Long-Term Assets $42.94B $39.64B
Total Assets $65.12B $63.70B
YoY Change 6.47% -1.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.10B $1.204B
YoY Change 931.92% 2.82%
Accrued Expenses $12.52B $11.58B
YoY Change 16.71% 23.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.591B $1.543B
YoY Change 1728.74% -64.02%
Total Short-Term Liabilities $15.69B $14.33B
YoY Change 28.75% -3.44%
LONG-TERM LIABILITIES
Long-Term Debt $37.35B $37.16B
YoY Change 12.44% 11.62%
Other Long-Term Liabilities $8.419B $2.875B
YoY Change 241.54% 33.1%
Total Long-Term Liabilities $45.77B $40.04B
YoY Change 28.26% 12.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.69B $14.33B
Total Long-Term Liabilities $45.77B $40.04B
Total Liabilities $61.46B $54.37B
YoY Change 28.39% 8.1%
SHAREHOLDERS EQUITY
Retained Earnings -$28.62B -$28.07B
YoY Change 16.35% 22.22%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.661B $3.653B
YoY Change
Total Liabilities & Shareholders Equity $65.12B $63.70B
YoY Change 6.47% -1.99%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $1.616B $2.143B
YoY Change -14.9% 13.75%
Depreciation, Depletion And Amortization $137.0M $837.0M
YoY Change -83.92% -1.53%
Cash From Operating Activities $2.649B $2.978B
YoY Change -5.66% 23.16%
INVESTING ACTIVITIES
Capital Expenditures $340.0M -$160.0M
YoY Change -218.47% -33.88%
Acquisitions
YoY Change
Other Investing Activities -$4.069B -$107.0M
YoY Change -7238.6% -133.97%
Cash From Investing Activities -$3.473B -$267.0M
YoY Change 1410.0% -465.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.049B 1.588B
YoY Change -84.0% -44.24%
NET CHANGE
Cash From Operating Activities 2.649B 2.978B
Cash From Investing Activities -3.473B -267.0M
Cash From Financing Activities -1.049B 1.588B
Net Change In Cash -1.873B 4.299B
YoY Change -52.94% -19.48%
FREE CASH FLOW
Cash From Operating Activities $2.649B $2.978B
Capital Expenditures $340.0M -$160.0M
Free Cash Flow $2.309B $3.138B
YoY Change -25.4% 17.97%

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<div style="margin-bottom:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of estimates</span></div><div style="margin-bottom:8pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results may differ from those estimates.</span></div>
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CY2022Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
24600000 shares
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5410000000 usd
CY2021Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
3700000 shares
CY2021Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
865000000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
0 usd
CY2021Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
6500000 shares
CY2021Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1592000000 usd
CY2022Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1500000 shares
CY2022Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
900000000 usd
CY2021Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
4600000 shares
CY2021Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1069000000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
26100000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
6310000000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
14800000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3526000000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
26100000 shares
CY2022Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
4600000000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2021Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.94
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.94
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.94
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.94
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.94
CY2022Q3 us-gaap Other Investments
OtherInvestments
135000000 usd
CY2022Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
767000000 usd
CY2022Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
12468000000 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
302000000 usd
CY2022Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1888000000 usd
CY2021Q4 us-gaap Other Investments
OtherInvestments
0 usd
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
831000000 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
8400000000 usd
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
342000000 usd
CY2021Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
876000000 usd
us-gaap Maximum Length Of Time Foreign Currency Cash Flow Hedge
MaximumLengthOfTimeForeignCurrencyCashFlowHedge
P3Y
CY2022Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
310000000 usd
CY2021Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
48000000 usd
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
342000000 usd
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
33000000 usd
CY2022Q3 amgn Business Combination Contingent Consideration Arrangements Payments
BusinessCombinationContingentConsiderationArrangementsPayments
2000000 usd
CY2021Q3 amgn Business Combination Contingent Consideration Arrangements Payments
BusinessCombinationContingentConsiderationArrangementsPayments
2000000 usd
amgn Business Combination Contingent Consideration Arrangements Payments
BusinessCombinationContingentConsiderationArrangementsPayments
5000000 usd
amgn Business Combination Contingent Consideration Arrangements Payments
BusinessCombinationContingentConsiderationArrangementsPayments
5000000 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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CY2021Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-11000000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
7000000 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
302000000 usd
CY2021Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
35000000 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
302000000 usd
CY2021Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
35000000 usd
CY2022Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
34200000000 usd
CY2021Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
37900000000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
38700000000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
33300000000 usd
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
100000000 usd
CY2022Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
368000000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Interest Expense Debt
InterestExpenseDebt
991000000 usd
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
73000000 usd
CY2021Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
296000000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
97000000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
862000000 usd
CY2022Q3 us-gaap Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
304000000 usd

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