2024 Q1 Form 10-K Financial Statement

#000162828024003932 Filed on February 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $3.592B $3.885B $14.81B
YoY Change -1.56% -0.05% -1.99%
Cost Of Revenue $2.205B $2.413B $9.838B
YoY Change -4.21% -0.21% 1.26%
Gross Profit $1.387B $1.472B $4.975B
YoY Change 2.97% 0.2% -7.82%
Gross Profit Margin 38.61% 37.89% 33.59%
Selling, General & Admin $1.027B $985.0M $3.946B
YoY Change 1.68% -0.1% 1.52%
% of Gross Profit 74.04% 66.92% 79.32%
Research & Development $176.0M $172.0M $667.0M
YoY Change 7.32% 12.42% 10.25%
% of Gross Profit 12.69% 11.68% 13.41%
Depreciation & Amortization $335.0M $324.0M $1.263B
YoY Change 5.02% -2.99% -9.98%
% of Gross Profit 24.15% 22.01% 25.39%
Operating Expenses $1.203B $1.143B $4.613B
YoY Change 2.47% 0.35% 2.69%
Operating Profit $187.0M $329.0M $390.0M
YoY Change 0.54% -0.3% -120.07%
Interest Expense $103.0M -$73.00M $512.0M
YoY Change -18.9% -52.29% 23.37%
% of Operating Profit 55.08% -22.19% 131.28%
Other Income/Expense, Net $7.000M -$18.00M -$51.00M
YoY Change 600.0% -109.68% 240.0%
Pretax Income $116.0M $238.0M -$103.0M
YoY Change 65.71% 6.25% -95.62%
Income Tax $77.00M $165.0M -$34.00M
% Of Pretax Income 66.38% 69.33%
Net Earnings $37.00M $245.0M $2.656B
YoY Change -15.91% 35.36% -209.17%
Net Earnings / Revenue 1.03% 6.31% 17.93%
Basic Earnings Per Share $0.07 $0.48 $5.25
Diluted Earnings Per Share $0.07 $0.48 $5.25
COMMON SHARES
Basic Shares Outstanding 507.8M shares 507.3M shares 506.0M shares
Diluted Shares Outstanding 510.0M shares 506.0M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.026B $3.194B $3.194B
YoY Change 80.87% 85.91% 85.91%
Cash & Equivalents $3.030B $3.194B $3.194B
Short-Term Investments
Other Short-Term Assets $812.0M $387.0M $839.0M
YoY Change -6.13% -3.01% 1.94%
Inventory $2.988B $2.824B $2.824B
Prepaid Expenses
Receivables $2.521B $2.690B $2.743B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.400B $9.600B $9.600B
YoY Change 16.06% 19.84% 19.84%
LONG-TERM ASSETS
Property, Plant & Equipment $4.370B $4.433B $4.957B
YoY Change -12.6% -10.97% -10.35%
Goodwill $6.430B $6.514B
YoY Change -6.38% -4.81%
Intangibles $5.905B $6.079B
YoY Change -11.07% -10.51%
Long-Term Investments $194.0M
YoY Change -21.46%
Other Assets $1.152B $1.126B $752.0M
YoY Change 1.95% 1.35% 15.16%
Total Long-Term Assets $18.39B $18.68B $18.68B
YoY Change -8.93% -7.89% -7.89%
TOTAL ASSETS
Total Short-Term Assets $9.400B $9.600B $9.600B
Total Long-Term Assets $18.39B $18.68B $18.68B
Total Assets $27.79B $28.28B $28.28B
YoY Change -1.78% -0.04% -0.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.329B $1.241B $1.241B
YoY Change 3.02% 8.96% 8.96%
Accrued Expenses $2.402B $2.594B $2.031B
YoY Change 3.67% 17.8% 12.77%
Deferred Revenue $148.0M
YoY Change -9.76%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due $2.634B $2.668B $2.668B
YoY Change 138.8% 141.45% 141.45%
Total Short-Term Liabilities $6.365B $6.503B $6.503B
YoY Change 33.72% 37.05% 37.05%
LONG-TERM LIABILITIES
Long-Term Debt $11.09B $11.13B $11.13B
YoY Change -27.4% -26.93% -26.93%
Other Long-Term Liabilities $1.652B $1.737B $1.728B
YoY Change -10.9% -11.33% 0.64%
Total Long-Term Liabilities $1.652B $1.737B $12.86B
YoY Change -10.9% -11.33% -24.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.365B $6.503B $6.503B
Total Long-Term Liabilities $1.652B $1.737B $12.86B
Total Liabilities $19.55B $19.81B $19.87B
YoY Change -12.51% -11.54% -11.49%
SHAREHOLDERS EQUITY
Retained Earnings $16.00B $16.11B
YoY Change 14.74% 14.69%
Common Stock $7.022B $7.072B
YoY Change 0.39% 0.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.173B $8.402B $8.402B
YoY Change
Total Liabilities & Shareholders Equity $27.79B $28.28B $28.28B
YoY Change -1.78% -0.04% -0.04%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $37.00M $245.0M $2.656B
YoY Change -15.91% 35.36% -209.17%
Depreciation, Depletion And Amortization $335.0M $324.0M $1.263B
YoY Change 5.02% -2.99% -9.98%
Cash From Operating Activities $163.0M $531.0M $1.726B
YoY Change -65.97% 20.96% 42.53%
INVESTING ACTIVITIES
Capital Expenditures $176.0M $190.0M $692.0M
YoY Change 2.33% -5.0% 1.91%
Acquisitions $6.000M
YoY Change -97.72%
Other Investing Activities $0.00 -$40.00M -$26.00M
YoY Change -100.0% -28.57% -89.68%
Cash From Investing Activities -$166.0M -$230.0M $3.213B
YoY Change -2.35% -10.16% -445.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$140.0M -2.935B -$3.489B
YoY Change -62.37% 2366.39% 142.63%
NET CHANGE
Cash From Operating Activities $163.0M 531.0M $1.726B
Cash From Investing Activities -$166.0M -230.0M $3.213B
Cash From Financing Activities -$140.0M -2.935B -$3.489B
Net Change In Cash -$168.0M -2.634B $1.476B
YoY Change 273.33% -4215.63% -219.61%
FREE CASH FLOW
Cash From Operating Activities $163.0M $531.0M $1.726B
Capital Expenditures $176.0M $190.0M $692.0M
Free Cash Flow -$13.00M $341.0M $1.034B
YoY Change -104.23% 42.68% 94.36%

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CY2023 dei Auditor Firm
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