2021 Q4 Form 10-K Financial Statement
#000114036121038583 Filed on November 18, 2021
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 Q3 |
|---|---|---|---|
| Revenue | $3.669B | $13.85B | $3.008B |
| YoY Change | 18.29% | -0.36% | |
| Cost Of Revenue | $3.079B | $11.35B | $2.342B |
| YoY Change | 22.05% | -6.73% | |
| Gross Profit | $590.0M | $2.498B | $666.0M |
| YoY Change | 3.74% | 31.1% | |
| Gross Profit Margin | 16.08% | 18.04% | 22.14% |
| Selling, General & Admin | $199.0M | $867.0M | $219.0M |
| YoY Change | 2.0% | 14.66% | |
| % of Gross Profit | 33.73% | 34.71% | 32.88% |
| Research & Development | $90.00M | ||
| YoY Change | 13.92% | ||
| % of Gross Profit | 3.6% | ||
| Depreciation & Amortization | $215.0M | $854.0M | $207.0M |
| YoY Change | 1.07% | -4.17% | |
| % of Gross Profit | 36.44% | 34.19% | 31.08% |
| Operating Expenses | $268.0M | $1.155B | $293.0M |
| YoY Change | 0.43% | 10.15% | |
| Operating Profit | $322.0M | $1.343B | $373.0M |
| YoY Change | 6.76% | 54.13% | |
| Interest Expense | -$79.00M | -$336.0M | -$96.00M |
| YoY Change | -22.76% | -33.33% | |
| % of Operating Profit | -24.53% | -25.02% | -25.74% |
| Other Income/Expense, Net | -$5.000M | -$24.00M | -$25.00M |
| YoY Change | -22.58% | -225.0% | |
| Pretax Income | $227.0M | $905.0M | $228.0M |
| YoY Change | 26.93% | -16.79% | |
| Income Tax | -$1.000M | $172.0M | $33.00M |
| % Of Pretax Income | -0.44% | 19.01% | 14.47% |
| Net Earnings | $228.0M | $733.0M | $195.0M |
| YoY Change | 31.13% | -14.85% | |
| Net Earnings / Revenue | 6.21% | 5.29% | 6.48% |
| Basic Earnings Per Share | $5.45 | ||
| Diluted Earnings Per Share | $1.627M | $5.300M | $1.418M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 135.6M | 134.6M | |
| Diluted Shares Outstanding | 138.3M |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.091B | $1.091B | $750.0M |
| YoY Change | 45.47% | 0.0% | |
| Cash & Equivalents | $1.091B | $1.091B | $750.0M |
| Short-Term Investments | |||
| Other Short-Term Assets | $217.0M | $217.0M | $330.0M |
| YoY Change | -34.24% | 110.19% | |
| Inventory | $1.907B | $1.907B | $1.268B |
| Prepaid Expenses | |||
| Receivables | $1.879B | $1.879B | $1.469B |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $5.094B | $5.094B | $3.817B |
| YoY Change | 33.46% | 1.6% | |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $4.677B | $5.239B | $5.123B |
| YoY Change | 2.26% | 8.68% | |
| Goodwill | $5.192B | $5.173B | |
| YoY Change | 2.42% | ||
| Intangibles | $2.242B | $2.497B | |
| YoY Change | -10.18% | ||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $115.0M | $115.0M | $91.00M |
| YoY Change | 26.37% | -45.51% | |
| Total Long-Term Assets | $12.79B | $12.79B | $12.88B |
| YoY Change | -0.75% | 1.35% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $5.094B | $5.094B | $3.817B |
| Total Long-Term Assets | $12.79B | $12.79B | $12.88B |
| Total Assets | $17.88B | $17.88B | $16.70B |
| YoY Change | 7.07% | 1.41% | |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $2.041B | $2.041B | $1.115B |
| YoY Change | 83.05% | -3.8% | |
| Accrued Expenses | $449.0M | $449.0M | $439.0M |
| YoY Change | 2.28% | -43.43% | |
| Deferred Revenue | $104.0M | $104.0M | |
| YoY Change | -8.77% | ||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $21.00M | $21.00M | $75.00M |
| YoY Change | -72.0% | -27.88% | |
| Total Short-Term Liabilities | $3.186B | $3.186B | $2.183B |
| YoY Change | 45.95% | 7.06% | |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $9.439B | $9.439B | $10.16B |
| YoY Change | -7.11% | -9.76% | |
| Other Long-Term Liabilities | $767.0M | $1.509B | $1.663B |
| YoY Change | -9.26% | 295.01% | |
| Total Long-Term Liabilities | $767.0M | $10.95B | $11.83B |
| YoY Change | -7.42% | -7.7% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $3.186B | $3.186B | $2.183B |
| Total Long-Term Liabilities | $767.0M | $10.95B | $11.83B |
| Total Liabilities | $14.70B | $14.70B | $14.61B |
| YoY Change | 0.64% | -1.63% | |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $2.341B | ||
| YoY Change | |||
| Common Stock | $1.135B | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $3.180B | $3.180B | $2.092B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $17.88B | $17.88B | $16.70B |
| YoY Change | 7.07% | 1.41% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $228.0M | $733.0M | $195.0M |
| YoY Change | 31.13% | -14.85% | |
| Depreciation, Depletion And Amortization | $215.0M | $854.0M | $207.0M |
| YoY Change | 1.07% | -4.17% | |
| Cash From Operating Activities | $668.0M | $1.580B | $551.0M |
| YoY Change | 3.27% | -12.54% | |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$156.0M | -$676.0M | -$164.0M |
| YoY Change | 15.95% | 28.13% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $165.0M | $0.00 |
| YoY Change | -38.2% | -100.0% | |
| Cash From Investing Activities | -$156.0M | -$511.0M | -$164.0M |
| YoY Change | 61.71% | -97.26% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | $3.496B | ||
| YoY Change | 43.51% | ||
| Cash From Financing Activities | -207.0M | -741.0M | -553.0M |
| YoY Change | -39.26% | -109.44% | |
| NET CHANGE | |||
| Cash From Operating Activities | 668.0M | 1.580B | 551.0M |
| Cash From Investing Activities | -156.0M | -511.0M | -164.0M |
| Cash From Financing Activities | -207.0M | -741.0M | -553.0M |
| Net Change In Cash | 305.0M | 328.0M | -166.0M |
| YoY Change | -5566.67% | -132.94% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $668.0M | $1.580B | $551.0M |
| Capital Expenditures | -$156.0M | -$676.0M | -$164.0M |
| Free Cash Flow | $824.0M | $2.256B | $715.0M |
| YoY Change | 6.77% | -5.67% |
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