2023 Q1 Form 10-K Financial Statement

#000001292723000007 Filed on January 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $17.92B $19.98B $66.61B
YoY Change 28.09% 35.06% 6.94%
Cost Of Revenue $16.00B $18.12B $63.11B
YoY Change 17.24% 4.72% 6.47%
Gross Profit $1.923B $1.856B $3.502B
YoY Change 455.78% -173.83% 16.08%
Gross Profit Margin 10.73% 9.29% 5.26%
Selling, General & Admin $1.304B $1.430B $4.187B
YoY Change 51.1% 44.74% 0.72%
% of Gross Profit 67.81% 77.05% 119.56%
Research & Development $741.0M $794.0M $2.852B
YoY Change 17.06% 17.11% 26.81%
% of Gross Profit 38.53% 42.78% 81.44%
Depreciation & Amortization $457.0M $502.0M $1.979B
YoY Change -5.97% -5.99% -7.7%
% of Gross Profit 23.76% 27.05% 56.51%
Operating Expenses $741.0M $2.224B $2.852B
YoY Change 17.06% 33.49% 26.81%
Operating Profit -$149.0M -$368.0M -$3.547B
YoY Change -87.25% -91.2% 22.23%
Interest Expense -$676.0M -$621.0M -$2.549B
YoY Change 4.0% -3.87% 3.11%
% of Operating Profit
Other Income/Expense, Net $302.0M $336.0M $1.058B
YoY Change 66.85% 154.55% 92.01%
Pretax Income -$496.0M -$649.0M -$5.022B
YoY Change -69.34% -86.19% -0.22%
Income Tax -$71.00M $14.00M $31.00M
% Of Pretax Income
Net Earnings -$414.0M -$634.0M -$4.935B
YoY Change -66.04% -84.7% 17.44%
Net Earnings / Revenue -2.31% -3.17% -7.41%
Basic Earnings Per Share -$0.69 -$8.30
Diluted Earnings Per Share -$0.69 -$1.059M -$8.30
COMMON SHARES
Basic Shares Outstanding 598.2M shares 596.0M shares 594.9M shares
Diluted Shares Outstanding 602.2M shares 594.9M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.77B $17.22B $17.22B
YoY Change 20.23% 6.01% 6.01%
Cash & Equivalents $10.81B $14.61B $14.61B
Short-Term Investments $3.955B $2.606B $2.606B
Other Short-Term Assets $2.857B $2.847B $2.847B
YoY Change 21.26% 28.19% 28.19%
Inventory $78.50B $78.15B $78.15B
Prepaid Expenses
Receivables $2.862B $2.517B $11.15B
Other Receivables $133.0M $154.0M $154.0M
Total Short-Term Assets $108.8B $109.5B $109.5B
YoY Change 2.64% 0.79% 0.79%
LONG-TERM ASSETS
Property, Plant & Equipment $10.49B $10.55B $10.55B
YoY Change -2.44% -3.37% -14.61%
Goodwill $8.063B $8.057B
YoY Change -0.02% -0.14%
Intangibles $2.254B $2.311B
YoY Change -9.55% -9.8%
Long-Term Investments $936.0M $948.0M $983.0M
YoY Change -1.16% 1.94% 0.82%
Other Assets $4.320B $4.163B $4.226B
YoY Change -25.7% -25.54% -18.82%
Total Long-Term Assets $27.54B $27.58B $27.58B
YoY Change -7.56% -7.73% -7.73%
TOTAL ASSETS
Total Short-Term Assets $108.8B $109.5B $109.5B
Total Long-Term Assets $27.54B $27.58B $27.58B
Total Assets $136.3B $137.1B $137.1B
YoY Change 0.4% -1.05% -1.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.27B $10.20B $10.20B
YoY Change 17.03% 10.14% 10.14%
Accrued Expenses $20.81B $21.58B $21.58B
YoY Change 16.5% 16.94% 16.97%
Deferred Revenue $54.50B $53.08B
YoY Change 3.89% 0.19%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.926B $5.190B $5.190B
YoY Change 205.91% 300.46% 300.46%
Total Short-Term Liabilities $93.51B $90.05B $90.05B
YoY Change 14.47% 9.83% 9.83%
LONG-TERM LIABILITIES
Long-Term Debt $47.47B $51.81B $51.81B
YoY Change -13.93% -8.79% -8.79%
Other Long-Term Liabilities $2.198B $2.211B $10.86B
YoY Change 16.98% 26.34% -24.52%
Total Long-Term Liabilities $2.198B $2.211B $62.67B
YoY Change 16.98% 26.34% -11.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $93.51B $90.05B $90.05B
Total Long-Term Liabilities $2.198B $2.211B $62.67B
Total Liabilities $151.8B $152.9B $153.0B
YoY Change 0.5% -0.29% -0.37%
SHAREHOLDERS EQUITY
Retained Earnings $29.06B $29.47B
YoY Change -12.44% -14.34%
Common Stock $5.061B $5.061B
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $50.38B $50.81B
YoY Change -2.32% -2.02%
Treasury Stock Shares 411.0M shares 414.7M shares
Shareholders Equity -$15.51B -$15.88B -$15.88B
YoY Change
Total Liabilities & Shareholders Equity $136.3B $137.1B $137.1B
YoY Change 0.4% -1.05% -1.05%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$414.0M -$634.0M -$4.935B
YoY Change -66.04% -84.7% 17.44%
Depreciation, Depletion And Amortization $457.0M $502.0M $1.979B
YoY Change -5.97% -5.99% -7.7%
Cash From Operating Activities -$318.0M $3.457B $3.512B
YoY Change -90.06% 382.82% -203.29%
INVESTING ACTIVITIES
Capital Expenditures $468.0M -$326.0M $1.222B
YoY Change 34.1% 46.85% 24.69%
Acquisitions
YoY Change
Other Investing Activities $2.000M -$1.825B $11.00M
YoY Change -300.0% -184.61% -320.0%
Cash From Investing Activities -$1.823B -$2.151B $4.370B
YoY Change -161.48% -211.16% -53.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.680B -250.0M -$1.266B
YoY Change 324.24% -94.27% -77.39%
NET CHANGE
Cash From Operating Activities -$318.0M 3.457B $3.512B
Cash From Investing Activities -$1.823B -2.151B $4.370B
Cash From Financing Activities -$1.680B -250.0M -$1.266B
Net Change In Cash -$3.811B 1.056B $6.543B
YoY Change 486.31% -161.72% 2332.34%
FREE CASH FLOW
Cash From Operating Activities -$318.0M $3.457B $3.512B
Capital Expenditures $468.0M -$326.0M $1.222B
Free Cash Flow -$786.0M $3.783B $2.290B
YoY Change -77.85% 303.3% -152.28%

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