2024 Q3 Form 10-Q Financial Statement

#000105350724000105 Filed on July 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $2.522B $2.900B
YoY Change -10.51% 4.64%
Cost Of Revenue $651.8M $821.9M
YoY Change -20.1% -0.65%
Gross Profit $1.871B $2.078B
YoY Change -6.61% 6.89%
Gross Profit Margin 74.16% 71.66%
Selling, General & Admin $227.7M $234.3M
YoY Change -1.81% -4.13%
% of Gross Profit 12.17% 11.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $512.8M $561.7M
YoY Change -32.78% -26.54%
% of Gross Profit 27.42% 27.03%
Operating Expenses $227.7M $234.3M
YoY Change -1.81% -77.92%
Operating Profit $1.139B $1.284B
YoY Change 72.95% 45.38%
Interest Expense -$656.5M -$343.4M
YoY Change -282.77% 63.6%
% of Operating Profit -57.63% -26.74%
Other Income/Expense, Net -$588.7M -$255.9M
YoY Change 3649.68% 35.54%
Pretax Income $550.5M $1.028B
YoY Change -14.39% 116.64%
Income Tax $122.4M $120.0M
% Of Pretax Income 22.23% 11.67%
Net Earnings -$780.4M $908.4M
YoY Change -235.18% 90.96%
Net Earnings / Revenue -30.94% 31.32%
Basic Earnings Per Share -$1.70 $1.93
Diluted Earnings Per Share -$1.69 $1.92
COMMON SHARES
Basic Shares Outstanding 467.1M shares 467.0M shares
Diluted Shares Outstanding 468.3M shares 467.8M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.150B $2.492B
YoY Change 1.48% 23.63%
Cash & Equivalents $2.150B $2.492B
Short-Term Investments
Other Short-Term Assets $711.5M $909.7M
YoY Change 4.17% 53.07%
Inventory
Prepaid Expenses $109.4M $111.4M
Receivables $537.8M $712.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.400B $4.114B
YoY Change -11.7% 11.75%
LONG-TERM ASSETS
Property, Plant & Equipment $27.61B $28.94B
YoY Change -2.84% 0.69%
Goodwill $12.05B $12.48B
YoY Change -4.17% -4.35%
Intangibles $15.20B $15.76B
YoY Change -8.77% -8.83%
Long-Term Investments
YoY Change
Other Assets $764.3M $753.0M
YoY Change 16.67% -77.92%
Total Long-Term Assets $59.42B $61.72B
YoY Change -3.86% -2.33%
TOTAL ASSETS
Total Short-Term Assets $3.400B $4.114B
Total Long-Term Assets $59.42B $61.72B
Total Assets $62.82B $65.84B
YoY Change -4.32% -1.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $221.3M $206.0M
YoY Change 2.36% -10.24%
Accrued Expenses $982.3M $1.166B
YoY Change -19.67% -44.43%
Deferred Revenue $496.2M $391.7M
YoY Change 5.02% -24.04%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.731B $3.329B
YoY Change 18.15% 3.87%
Total Short-Term Liabilities $7.070B $6.889B
YoY Change 2.92% -0.53%
LONG-TERM LIABILITIES
Long-Term Debt $33.37B $35.64B
YoY Change -5.85% 0.14%
Other Long-Term Liabilities $1.199B $1.207B
YoY Change 5.62% -88.89%
Total Long-Term Liabilities $1.199B $1.207B
YoY Change 5.62% -97.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.070B $6.889B
Total Long-Term Liabilities $1.199B $1.207B
Total Liabilities $52.62B $55.41B
YoY Change -3.3% -10.21%
SHAREHOLDERS EQUITY
Retained Earnings -$4.894B -$3.341B
YoY Change 67.16% 21.23%
Common Stock $4.800M $4.800M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.642B $3.856B
YoY Change
Total Liabilities & Shareholders Equity $62.82B $65.84B
YoY Change -4.32% -1.56%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$780.4M $908.4M
YoY Change -235.18% 90.96%
Depreciation, Depletion And Amortization $512.8M $561.7M
YoY Change -32.78% -26.54%
Cash From Operating Activities $1.469B $1.339B
YoY Change 12.98% 10.67%
INVESTING ACTIVITIES
Capital Expenditures $424.7M $325.2M
YoY Change 8.7% -22.74%
Acquisitions
YoY Change
Other Investing Activities $1.721B $236.0M
YoY Change -3047.43% -1355.32%
Cash From Investing Activities $1.297B -$89.20M
YoY Change -388.71% -79.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.126B -1.028B
YoY Change 341.68% 83.16%
NET CHANGE
Cash From Operating Activities 1.469B 1.339B
Cash From Investing Activities 1.297B -89.20M
Cash From Financing Activities -3.126B -1.028B
Net Change In Cash -359.8M 221.4M
YoY Change -350.21% 6.19%
FREE CASH FLOW
Cash From Operating Activities $1.469B $1.339B
Capital Expenditures $424.7M $325.2M
Free Cash Flow $1.045B $1.013B
YoY Change 14.81% 28.51%

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us-gaap Interest Expense Nonoperating
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us-gaap Interest Expense Nonoperating
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Tax Expense Benefit
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us-gaap Profit Loss
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Profit Loss
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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us-gaap Dividends Common Stock Cash
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us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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us-gaap Dividends Common Stock Cash
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us-gaap Number Of Reportable Segments
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CY2024Q2 amt Lessor Operating Lease Payment To Be Received After Year Four
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CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
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CY2023Q4 us-gaap Operating Lease Liability
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CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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CY2024Q2 us-gaap Variable Lease Payment
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CY2023Q2 us-gaap Variable Lease Payment
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us-gaap Variable Lease Payment
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us-gaap Variable Lease Payment
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us-gaap Operating Lease Payments
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us-gaap Operating Lease Payments
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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amt Non Cash Operating And Financing Lease Modifications
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amt Non Cash Operating And Financing Lease Modifications
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CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
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CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
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