2023 Q4 Form 10-Q Financial Statement

#000001292723000062 Filed on October 25, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $22.02B $18.10B
YoY Change 10.2% 13.46%
Cost Of Revenue $19.32B $16.94B
YoY Change 6.6% 0.96%
Gross Profit $2.697B $1.165B
YoY Change 45.31% -241.73%
Gross Profit Margin 12.25% 6.44%
Selling, General & Admin $1.535B $1.043B
YoY Change 7.34% -14.93%
% of Gross Profit 56.92% 89.53%
Research & Development $881.0M $958.0M
YoY Change 10.96% 31.77%
% of Gross Profit 32.67% 82.23%
Depreciation & Amortization $481.0M $467.0M
YoY Change -4.18% -5.27%
% of Gross Profit 17.83% 40.09%
Operating Expenses $2.416B $958.0M
YoY Change 8.63% 31.77%
Operating Profit $281.0M -$808.0M
YoY Change -176.36% -71.13%
Interest Expense -$599.0M -$561.0M
YoY Change -3.54% -13.02%
% of Operating Profit -213.17%
Other Income/Expense, Net $308.0M $297.0M
YoY Change -8.33% 3.13%
Pretax Income -$9.000M -$1.100B
YoY Change -98.61% -64.88%
Income Tax $21.00M $538.0M
% Of Pretax Income
Net Earnings -$23.00M -$1.636B
YoY Change -96.37% -50.05%
Net Earnings / Revenue -0.1% -9.04%
Basic Earnings Per Share -$2.70
Diluted Earnings Per Share -$0.04 -$2.70
COMMON SHARES
Basic Shares Outstanding 605.0M shares 603.2M shares
Diluted Shares Outstanding 606.9M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.97B $13.37B
YoY Change -7.29% -6.21%
Cash & Equivalents $12.69B $6.811B
Short-Term Investments $3.274B $6.561B
Other Short-Term Assets $2.504B $2.287B
YoY Change -12.05% -25.58%
Inventory $79.74B $78.97B
Prepaid Expenses
Receivables $2.649B $3.032B
Other Receivables $99.00M $88.00M
Total Short-Term Assets $109.3B $106.9B
YoY Change -0.23% -2.12%
LONG-TERM ASSETS
Property, Plant & Equipment $10.66B $10.48B
YoY Change 1.05% -0.23%
Goodwill $8.093B $8.069B
YoY Change 0.45% 0.3%
Intangibles $2.094B $2.143B
YoY Change -9.39% -9.62%
Long-Term Investments $966.0M $1.001B
YoY Change 1.9% 6.04%
Other Assets $4.935B $4.562B
YoY Change 18.54% -5.23%
Total Long-Term Assets $27.74B $27.35B
YoY Change 0.58% -3.39%
TOTAL ASSETS
Total Short-Term Assets $109.3B $106.9B
Total Long-Term Assets $27.74B $27.35B
Total Assets $137.0B $134.3B
YoY Change -0.06% -2.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.96B $11.14B
YoY Change 17.29% 13.79%
Accrued Expenses $22.33B $21.10B
YoY Change 3.48% -0.53%
Deferred Revenue $56.33B $55.92B
YoY Change 6.12% 5.17%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.204B $4.891B
YoY Change 0.27% -9.94%
Total Short-Term Liabilities $95.83B $93.06B
YoY Change 6.41% 3.84%
LONG-TERM LIABILITIES
Long-Term Debt $47.10B $47.38B
YoY Change -9.09% -8.51%
Other Long-Term Liabilities $2.332B $2.239B
YoY Change 5.47% -0.49%
Total Long-Term Liabilities $2.332B $2.239B
YoY Change 5.47% -0.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $95.83B $93.06B
Total Long-Term Liabilities $2.332B $2.239B
Total Liabilities $154.2B $151.0B
YoY Change 0.84% -2.7%
SHAREHOLDERS EQUITY
Retained Earnings $27.25B $27.27B
YoY Change -7.54% -9.41%
Common Stock $5.061B $5.061B
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $49.55B
YoY Change -2.49%
Treasury Stock Shares
Shareholders Equity -$17.23B -$16.73B
YoY Change
Total Liabilities & Shareholders Equity $137.0B $134.3B
YoY Change -0.06% -2.38%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$23.00M -$1.636B
YoY Change -96.37% -50.05%
Depreciation, Depletion And Amortization $481.0M $467.0M
YoY Change -4.18% -5.27%
Cash From Operating Activities $3.381B $22.00M
YoY Change -2.2% -99.31%
INVESTING ACTIVITIES
Capital Expenditures $431.0M $332.0M
YoY Change -232.21% -216.9%
Acquisitions
YoY Change
Other Investing Activities $3.235B -$71.00M
YoY Change -277.26% -112.37%
Cash From Investing Activities $2.804B -$403.0M
YoY Change -230.36% -238.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -356.0M -38.00M
YoY Change 42.4% 111.11%
NET CHANGE
Cash From Operating Activities 3.381B 22.00M
Cash From Investing Activities 2.804B -403.0M
Cash From Financing Activities -356.0M -38.00M
Net Change In Cash 5.829B -419.0M
YoY Change 451.99% -112.1%
FREE CASH FLOW
Cash From Operating Activities $3.381B $22.00M
Capital Expenditures $431.0M $332.0M
Free Cash Flow $2.950B -$310.0M
YoY Change -22.02% -108.92%

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