2023 Q3 Form 10-Q Financial Statement

#000003877723000106 Filed on July 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $1.986B $1.969B
YoY Change 2.43% -3.07%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.499B $1.536B
YoY Change -0.67% 156.65%
% of Gross Profit
Research & Development $127.3M
YoY Change 1.11%
% of Gross Profit
Depreciation & Amortization $112.5M $110.8M
YoY Change 3.69% 2.69%
% of Gross Profit
Operating Expenses $1.585B $1.621B
YoY Change -0.32% -0.33%
Operating Profit $314.9M
YoY Change -22.19%
Interest Expense $71.50M $3.900M
YoY Change -176.47% -86.51%
% of Operating Profit 1.24%
Other Income/Expense, Net $13.70M $13.30M
YoY Change -1812.5% -114.52%
Pretax Income $423.5M $332.1M
YoY Change 66.6% 6.07%
Income Tax $75.00M $84.10M
% Of Pretax Income 17.71% 25.32%
Net Earnings $284.5M $217.3M
YoY Change 22.26% -15.25%
Net Earnings / Revenue 14.32% 11.04%
Basic Earnings Per Share $0.44
Diluted Earnings Per Share $0.58 $0.44
COMMON SHARES
Basic Shares Outstanding 499.0M shares 500.9M shares
Diluted Shares Outstanding 491.4M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.402B $4.388B
YoY Change -7.96% -2.03%
Cash & Equivalents $4.402B $4.388B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $1.348B $1.342B
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.750B $5.730B
YoY Change -4.92% -2.78%
LONG-TERM ASSETS
Property, Plant & Equipment $800.1M $1.237B
YoY Change 7.64% 62.97%
Goodwill $6.004B $6.012B
YoY Change 3.9% 3.53%
Intangibles $4.902B $4.995B
YoY Change -3.54% -3.52%
Long-Term Investments $1.089B $11.89B
YoY Change 41.18% 1496.79%
Other Assets
YoY Change
Total Long-Term Assets $24.37B $24.51B
YoY Change 10.71% 12.91%
TOTAL ASSETS
Total Short-Term Assets $5.750B $5.730B
Total Long-Term Assets $24.37B $24.51B
Total Assets $30.12B $30.23B
YoY Change 7.34% 9.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $880.0M $1.129B
YoY Change -20.94% 13.67%
Accrued Expenses $2.133B $1.956B
YoY Change 7.04% 9.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.527B $3.534B
YoY Change -2.81% 6.95%
LONG-TERM LIABILITIES
Long-Term Debt $11.29B $11.35B
YoY Change 27.74% 27.8%
Other Long-Term Liabilities $1.286B $1.314B
YoY Change -9.75% -2.23%
Total Long-Term Liabilities $12.57B $12.66B
YoY Change 22.54% 23.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.527B $3.534B
Total Long-Term Liabilities $12.57B $12.66B
Total Liabilities $16.55B $18.29B
YoY Change 16.24% 32.35%
SHAREHOLDERS EQUITY
Retained Earnings $12.38B $12.36B
YoY Change 2.75% 3.03%
Common Stock $49.60M $49.90M
YoY Change -0.8% 0.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.92B $11.95B
YoY Change
Total Liabilities & Shareholders Equity $30.12B $30.23B
YoY Change 7.34% 9.56%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $284.5M $217.3M
YoY Change 22.26% -15.25%
Depreciation, Depletion And Amortization $112.5M $110.8M
YoY Change 3.69% 2.69%
Cash From Operating Activities $773.4M $655.0M
YoY Change -10.73% -20.1%
INVESTING ACTIVITIES
Capital Expenditures $27.30M $78.70M
YoY Change -178.67% -700.76%
Acquisitions
YoY Change
Other Investing Activities -$303.6M -$977.5M
YoY Change -50.6% -35.5%
Cash From Investing Activities -$330.9M -$1.056B
YoY Change -49.04% -30.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -396.0M 504.4M
YoY Change -513.36% 136.47%
NET CHANGE
Cash From Operating Activities 773.4M 655.0M
Cash From Investing Activities -330.9M -1.056B
Cash From Financing Activities -396.0M 504.4M
Net Change In Cash 46.50M 103.2M
YoY Change -85.14% -120.83%
FREE CASH FLOW
Cash From Operating Activities $773.4M $655.0M
Capital Expenditures $27.30M $78.70M
Free Cash Flow $746.1M $576.3M
YoY Change -17.2% -30.81%

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