2023 Q4 Form 10-Q Financial Statement

#000162828023036195 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $3.885B $3.708B
YoY Change -0.05% -1.72%
Cost Of Revenue $2.413B $2.591B
YoY Change -0.21% -1.86%
Gross Profit $1.472B $1.117B
YoY Change 0.2% -1.41%
Gross Profit Margin 37.89% 30.12%
Selling, General & Admin $985.0M $1.002B
YoY Change -0.1% 5.81%
% of Gross Profit 66.92% 89.7%
Research & Development $172.0M $166.0M
YoY Change 12.42% 9.21%
% of Gross Profit 11.68% 14.86%
Depreciation & Amortization $324.0M $311.0M
YoY Change -2.99% -6.89%
% of Gross Profit 22.01% 27.84%
Operating Expenses $1.143B $1.168B
YoY Change 0.35% 6.28%
Operating Profit $329.0M -$51.00M
YoY Change -0.3% -98.18%
Interest Expense -$73.00M $136.0M
YoY Change -52.29% 24.77%
% of Operating Profit -22.19%
Other Income/Expense, Net -$18.00M $7.000M
YoY Change -109.68% -111.11%
Pretax Income $238.0M -$172.0M
YoY Change 6.25% -94.2%
Income Tax $165.0M -$223.0M
% Of Pretax Income 69.33%
Net Earnings $245.0M $2.508B
YoY Change 35.36% -185.39%
Net Earnings / Revenue 6.31% 67.64%
Basic Earnings Per Share $0.48 $4.95
Diluted Earnings Per Share $0.48 $4.93
COMMON SHARES
Basic Shares Outstanding 507.3M shares 506.4M shares
Diluted Shares Outstanding 509.0M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.194B $5.788B
YoY Change 85.91% 261.52%
Cash & Equivalents $3.194B $5.790B
Short-Term Investments
Other Short-Term Assets $387.0M $820.0M
YoY Change -3.01% -16.24%
Inventory $2.824B $2.873B
Prepaid Expenses
Receivables $2.690B $2.512B
Other Receivables $0.00 $0.00
Total Short-Term Assets $9.600B $12.03B
YoY Change 19.84% 54.08%
LONG-TERM ASSETS
Property, Plant & Equipment $4.433B $4.278B
YoY Change -10.97% -10.86%
Goodwill $6.514B $6.407B
YoY Change -4.81% -3.49%
Intangibles $6.079B $6.230B
YoY Change -10.51% -10.06%
Long-Term Investments
YoY Change
Other Assets $1.126B $1.188B
YoY Change 1.35% -4.5%
Total Long-Term Assets $18.68B $18.62B
YoY Change -7.89% -7.61%
TOTAL ASSETS
Total Short-Term Assets $9.600B $12.03B
Total Long-Term Assets $18.68B $18.62B
Total Assets $28.28B $30.66B
YoY Change -0.04% 9.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.241B $1.246B
YoY Change 8.96% 0.97%
Accrued Expenses $2.594B $2.537B
YoY Change 17.8% 15.58%
Deferred Revenue $148.0M
YoY Change -9.76%
Short-Term Debt $0.00 $514.0M
YoY Change -100.0% 86.91%
Long-Term Debt Due $2.668B $1.912B
YoY Change 141.45% 47700.0%
Total Short-Term Liabilities $6.503B $6.209B
YoY Change 37.05% 67.45%
LONG-TERM LIABILITIES
Long-Term Debt $11.13B $14.07B
YoY Change -26.93% -12.91%
Other Long-Term Liabilities $1.737B $1.778B
YoY Change -11.33% -14.15%
Total Long-Term Liabilities $1.737B $1.778B
YoY Change -11.33% -14.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.503B $6.209B
Total Long-Term Liabilities $1.737B $1.778B
Total Liabilities $19.81B $22.49B
YoY Change -11.54% 0.46%
SHAREHOLDERS EQUITY
Retained Earnings $16.11B $16.02B
YoY Change 14.69% 14.27%
Common Stock $7.072B $7.051B
YoY Change 0.96% 1.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.402B $8.101B
YoY Change
Total Liabilities & Shareholders Equity $28.28B $30.66B
YoY Change -0.04% 9.62%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $245.0M $2.508B
YoY Change 35.36% -185.39%
Depreciation, Depletion And Amortization $324.0M $311.0M
YoY Change -2.99% -6.89%
Cash From Operating Activities $531.0M $365.0M
YoY Change 20.96% 25.86%
INVESTING ACTIVITIES
Capital Expenditures $190.0M $174.0M
YoY Change -5.0% -203.57%
Acquisitions
YoY Change
Other Investing Activities -$40.00M $3.960B
YoY Change -28.57% -24850.0%
Cash From Investing Activities -$230.0M $3.786B
YoY Change -10.16% -2157.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.935B -62.00M
YoY Change 2366.39% -79.47%
NET CHANGE
Cash From Operating Activities 531.0M 365.0M
Cash From Investing Activities -230.0M 3.786B
Cash From Financing Activities -2.935B -62.00M
Net Change In Cash -2.634B 4.089B
YoY Change -4215.63% -2186.22%
FREE CASH FLOW
Cash From Operating Activities $531.0M $365.0M
Capital Expenditures $190.0M $174.0M
Free Cash Flow $341.0M $191.0M
YoY Change 42.68% -58.3%

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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2812000000 usd
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0001628280-23-036195-index.html Edgar Link pending
0001628280-23-036195.txt Edgar Link pending
0001628280-23-036195-xbrl.zip Edgar Link pending
bax-20230930.htm Edgar Link pending
bax-20230930.xsd Edgar Link pending
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bax-20230930_cal.xml Edgar Link unprocessable
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