2021 Q2 Form 10-Q Financial Statement

#000001079521000057 Filed on August 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q3 2020 Q2
Revenue $4.607B $4.784B $3.855B
YoY Change 19.51% 4.36% -11.38%
Cost Of Revenue $2.649B $2.519B $2.195B
YoY Change 20.68% 8.67% -3.56%
Gross Profit $1.958B $2.206B $1.659B
YoY Change 18.02% -2.65% -20.01%
Gross Profit Margin 42.5% 46.11% 43.04%
Selling, General & Admin $1.200B $1.199B $980.0M
YoY Change 22.45% 9.6% -8.92%
% of Gross Profit 61.29% 54.35% 59.07%
Research & Development $330.0M $299.0M $262.0M
YoY Change 25.95% 10.74% -7.09%
% of Gross Profit 16.85% 13.55% 15.79%
Depreciation & Amortization $535.0M $553.0M $534.0M
YoY Change 0.19% 0.0% -6.97%
% of Gross Profit 27.32% 25.07% 32.19%
Operating Expenses $1.530B $1.877B $1.242B
YoY Change 23.19% -4.04% -8.54%
Operating Profit $492.0M $329.0M $358.0M
YoY Change 37.43% 6.13% -42.81%
Interest Expense $115.0M -$121.0M $135.0M
YoY Change -14.81% -11.68% -13.46%
% of Operating Profit 23.37% -36.78% 37.71%
Other Income/Expense, Net -$1.000M $9.000M $23.00M
YoY Change -104.35% -62.5% -309.09%
Pretax Income $378.0M $143.0M $248.0M
YoY Change 52.42% -7250.0% -46.09%
Income Tax -$28.00M $15.00M -$38.00M
% Of Pretax Income -7.41% 10.49% -15.32%
Net Earnings $525.0M $128.0M $286.0M
YoY Change 83.57% -21.47% -36.59%
Net Earnings / Revenue 11.4% 2.68% 7.42%
Basic Earnings Per Share $1.73 $0.36 $0.98
Diluted Earnings Per Share $1.72 $0.36 $0.97
COMMON SHARES
Basic Shares Outstanding 289.5M shares 282.4M shares
Diluted Shares Outstanding 291.9M shares 285.1M shares

Balance Sheet

Concept 2021 Q2 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.177B $2.845B $2.904B
YoY Change 9.4% 402.65% 442.8%
Cash & Equivalents $3.153B $2.825B $2.882B
Short-Term Investments $24.00M $20.00M $22.00M
Other Short-Term Assets $1.207B $891.0M $903.0M
YoY Change 33.67% -20.38% -31.9%
Inventory $2.947B $2.743B $2.945B
Prepaid Expenses
Receivables $2.078B $2.398B $1.993B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.538B $8.969B $8.827B
YoY Change 8.05% 34.59% 30.17%
LONG-TERM ASSETS
Property, Plant & Equipment $6.164B $5.923B $5.841B
YoY Change 5.53% 4.67% 5.24%
Goodwill $23.81B $23.62B $23.55B
YoY Change 1.13% 1.04% 0.22%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.821B $1.687B $1.632B
YoY Change 11.58% 55.06% 53.53%
Total Long-Term Assets $44.80B $45.04B $45.13B
YoY Change -0.75% -0.13% -0.7%
TOTAL ASSETS
Total Short-Term Assets $9.538B $8.969B $8.827B
Total Long-Term Assets $44.80B $45.04B $45.13B
Total Assets $54.33B $54.01B $53.96B
YoY Change 0.69% 4.34% 3.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.716B $1.355B $4.333B
YoY Change 31.92% 24.08% 6.49%
Accrued Expenses $2.638B $104.0M
YoY Change 24.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.033B $707.0M $1.630B
YoY Change 24.72% -45.99% -24.82%
Total Short-Term Liabilities $7.749B $5.836B $6.067B
YoY Change 27.72% 3.2% -2.73%
LONG-TERM LIABILITIES
Long-Term Debt $15.70B $17.22B $17.09B
YoY Change -8.13% -4.74% -5.14%
Other Long-Term Liabilities $5.329B $5.753B $5.483B
YoY Change -2.81% 1.36% -2.46%
Total Long-Term Liabilities $21.03B $22.98B $22.57B
YoY Change -6.84% -3.28% -4.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.749B $5.836B $6.067B
Total Long-Term Liabilities $21.03B $22.98B $22.57B
Total Liabilities $28.78B $28.81B $28.64B
YoY Change 0.48% -2.04% -4.13%
SHAREHOLDERS EQUITY
Retained Earnings $13.82B $12.79B $12.92B
YoY Change 7.01% -0.94% -0.62%
Common Stock $19.65B $19.64B $19.59B
YoY Change 0.28% 18.16% 18.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.027B $6.138B $6.145B
YoY Change 14.35% -0.84% -0.9%
Treasury Stock Shares 74.62M shares
Shareholders Equity $24.14B $23.77B $24.02B
YoY Change
Total Liabilities & Shareholders Equity $54.33B $54.01B $53.96B
YoY Change 0.69% 4.34% 3.3%

Cashflow Statement

Concept 2021 Q2 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $525.0M $128.0M $286.0M
YoY Change 83.57% -21.47% -36.59%
Depreciation, Depletion And Amortization $535.0M $553.0M $534.0M
YoY Change 0.19% 0.0% -6.97%
Cash From Operating Activities $977.0M $1.481B $862.0M
YoY Change 13.34% 8.02% -7.41%
INVESTING ACTIVITIES
Capital Expenditures -$243.0M -$213.0M -$202.0M
YoY Change 20.3% -40.5% -14.77%
Acquisitions
YoY Change
Other Investing Activities -$80.00M -$114.0M -$161.0M
YoY Change -50.31% 37.35% 73.12%
Cash From Investing Activities -$323.0M -$327.0M -$363.0M
YoY Change -11.02% -25.85% 10.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.271B -1.208B 20.00M
YoY Change -6455.0% 30.88% -102.6%
NET CHANGE
Cash From Operating Activities 977.0M 1.481B 862.0M
Cash From Investing Activities -323.0M -327.0M -363.0M
Cash From Financing Activities -1.271B -1.208B 20.00M
Net Change In Cash -617.0M -54.00M 519.0M
YoY Change -218.88% -871.43% -410.78%
FREE CASH FLOW
Cash From Operating Activities $977.0M $1.481B $862.0M
Capital Expenditures -$243.0M -$213.0M -$202.0M
Free Cash Flow $1.220B $1.694B $1.064B
YoY Change 14.66% -2.02% -8.9%

Facts In Submission

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