2022 Q4 Form 10-Q Financial Statement

#000162828022027149 Filed on October 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $3.887B $3.773B
YoY Change 10.61% 16.96%
Cost Of Revenue $2.418B $2.640B
YoY Change 14.81% 38.58%
Gross Profit $1.469B $1.133B
YoY Change 4.33% -14.23%
Gross Profit Margin 37.79% 30.03%
Selling, General & Admin $986.0M $947.0M
YoY Change 36.75% 39.26%
% of Gross Profit 67.12% 83.58%
Research & Development $153.0M $152.0M
YoY Change 15.04% 17.83%
% of Gross Profit 10.42% 13.42%
Depreciation & Amortization $334.0M $334.0M
YoY Change 36.33% 62.14%
% of Gross Profit 22.74% 29.48%
Operating Expenses $1.139B $1.099B
YoY Change 33.37% 35.85%
Operating Profit $330.0M -$2.799B
YoY Change -40.43% -645.61%
Interest Expense -$153.0M $109.0M
YoY Change 135.38% 101.85%
% of Operating Profit -46.36%
Other Income/Expense, Net $186.0M -$63.00M
YoY Change 9200.0% 425.0%
Pretax Income $224.0M -$2.966B
YoY Change -20.85% -757.65%
Income Tax $39.00M -$32.00M
% Of Pretax Income 17.41%
Net Earnings $181.0M -$2.937B
YoY Change -23.95% -752.67%
Net Earnings / Revenue 4.66% -77.84%
Basic Earnings Per Share $0.36 -$5.83
Diluted Earnings Per Share $0.36 -$5.83
COMMON SHARES
Basic Shares Outstanding 504.1M shares 503.6M shares
Diluted Shares Outstanding 504.0M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.718B $1.601B
YoY Change -41.78% -50.86%
Cash & Equivalents $1.718B $1.600B
Short-Term Investments
Other Short-Term Assets $399.0M $979.0M
YoY Change 2.31% 20.86%
Inventory $2.718B $2.675B
Prepaid Expenses
Receivables $2.659B $2.555B
Other Receivables $0.00 $0.00
Total Short-Term Assets $8.011B $7.810B
YoY Change -9.7% -4.37%
LONG-TERM ASSETS
Property, Plant & Equipment $4.979B $4.799B
YoY Change -3.84% 4.74%
Goodwill $6.843B $6.639B
YoY Change -30.43% 114.3%
Intangibles $6.793B $6.927B
YoY Change -12.82% 269.24%
Long-Term Investments
YoY Change
Other Assets $1.111B $1.244B
YoY Change -8.41% -17.23%
Total Long-Term Assets $20.28B $20.16B
YoY Change -17.74% 73.15%
TOTAL ASSETS
Total Short-Term Assets $8.011B $7.810B
Total Long-Term Assets $20.28B $20.16B
Total Assets $28.29B $27.97B
YoY Change -15.61% 41.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.139B $1.234B
YoY Change -8.59% 23.52%
Accrued Expenses $2.202B $2.195B
YoY Change -11.17% 13.61%
Deferred Revenue $164.0M
YoY Change 1.23%
Short-Term Debt $299.0M $275.0M
YoY Change -0.66% -8.64%
Long-Term Debt Due $1.105B $4.000M
YoY Change 426.19% -98.09%
Total Short-Term Liabilities $4.745B $3.708B
YoY Change 12.02% 7.76%
LONG-TERM LIABILITIES
Long-Term Debt $15.23B $16.15B
YoY Change -11.18% 196.6%
Other Long-Term Liabilities $1.959B $2.071B
YoY Change -21.42% 27.76%
Total Long-Term Liabilities $1.959B $2.071B
YoY Change -21.42% 27.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.745B $3.708B
Total Long-Term Liabilities $1.959B $2.071B
Total Liabilities $22.39B $22.39B
YoY Change -8.23% 103.66%
SHAREHOLDERS EQUITY
Retained Earnings $14.05B $14.02B
YoY Change -17.67% -17.4%
Common Stock $7.005B $6.980B
YoY Change 1.82% 2.44%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.39B
YoY Change -0.86%
Treasury Stock Shares 179.1M shares
Shareholders Equity $5.833B $5.535B
YoY Change
Total Liabilities & Shareholders Equity $28.29B $27.97B
YoY Change -15.61% 41.19%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $181.0M -$2.937B
YoY Change -23.95% -752.67%
Depreciation, Depletion And Amortization $334.0M $334.0M
YoY Change 36.33% 62.14%
Cash From Operating Activities $439.0M $290.0M
YoY Change -36.65% -57.04%
INVESTING ACTIVITIES
Capital Expenditures $200.0M -$168.0M
YoY Change -185.11% -6.15%
Acquisitions
YoY Change
Other Investing Activities -$56.00M -$16.00M
YoY Change -99.44% -42.86%
Cash From Investing Activities -$256.0M -$184.0M
YoY Change -97.51% -11.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -119.0M -302.0M
YoY Change -101.28% -6.79%
NET CHANGE
Cash From Operating Activities 439.0M 290.0M
Cash From Investing Activities -256.0M -184.0M
Cash From Financing Activities -119.0M -302.0M
Net Change In Cash 64.00M -196.0M
YoY Change -121.48% -236.11%
FREE CASH FLOW
Cash From Operating Activities $439.0M $290.0M
Capital Expenditures $200.0M -$168.0M
Free Cash Flow $239.0M $458.0M
YoY Change -74.25% -46.37%

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