2022 Q4 Form 10-K Financial Statement
#000114036122042319 Filed on November 18, 2022
Income Statement
| Concept | 2022 Q4 | 2022 | 2021 Q4 |
|---|---|---|---|
| Revenue | $3.421B | $14.50B | $3.669B |
| YoY Change | -6.76% | 4.66% | |
| Cost Of Revenue | $2.834B | $12.12B | $3.079B |
| YoY Change | -7.96% | 6.79% | |
| Gross Profit | $587.0M | $2.372B | $590.0M |
| YoY Change | -0.51% | -5.04% | |
| Gross Profit Margin | 17.16% | 16.36% | 16.08% |
| Selling, General & Admin | $185.0M | $850.0M | $199.0M |
| YoY Change | -7.04% | -1.96% | |
| % of Gross Profit | 31.52% | 35.83% | 33.73% |
| Research & Development | $81.00M | ||
| YoY Change | -10.0% | ||
| % of Gross Profit | 3.41% | ||
| Depreciation & Amortization | $199.0M | $819.0M | $215.0M |
| YoY Change | -7.44% | -4.1% | |
| % of Gross Profit | 33.9% | 34.53% | 36.44% |
| Operating Expenses | $246.0M | $931.0M | $268.0M |
| YoY Change | -8.21% | -19.39% | |
| Operating Profit | $341.0M | $1.242B | $322.0M |
| YoY Change | 5.9% | -7.52% | |
| Interest Expense | -$74.00M | -$286.0M | -$79.00M |
| YoY Change | -6.33% | -14.88% | |
| % of Operating Profit | -21.7% | -23.03% | -24.53% |
| Other Income/Expense, Net | -$9.000M | -$22.00M | -$5.000M |
| YoY Change | 80.0% | -8.33% | |
| Pretax Income | $253.0M | $934.0M | $227.0M |
| YoY Change | 11.45% | 3.2% | |
| Income Tax | $20.00M | $168.0M | -$1.000M |
| % Of Pretax Income | 7.91% | 17.99% | -0.44% |
| Net Earnings | $233.0M | $766.0M | $228.0M |
| YoY Change | 2.19% | 4.5% | |
| Net Earnings / Revenue | 6.81% | 5.28% | 6.21% |
| Basic Earnings Per Share | $0.86 | $5.87 | |
| Diluted Earnings Per Share | $1.849M | $5.77 | $1.627M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 124.1M | 130.6M | 135.6M |
| Diluted Shares Outstanding | 125.2M | 132.8M |
Balance Sheet
| Concept | 2022 Q4 | 2022 | 2021 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.410B | $1.410B | $1.091B |
| YoY Change | 29.24% | 29.24% | |
| Cash & Equivalents | $1.410B | $1.410B | $1.091B |
| Short-Term Investments | |||
| Other Short-Term Assets | $175.0M | $175.0M | $217.0M |
| YoY Change | -19.35% | -19.35% | |
| Inventory | $1.802B | $1.802B | $1.907B |
| Prepaid Expenses | |||
| Receivables | $1.777B | $1.777B | $1.879B |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $5.164B | $5.164B | $5.094B |
| YoY Change | 1.37% | 1.37% | |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $4.342B | $4.342B | $4.677B |
| YoY Change | -7.16% | -17.12% | |
| Goodwill | $4.832B | $5.192B | |
| YoY Change | -6.93% | ||
| Intangibles | $1.853B | $2.242B | |
| YoY Change | -17.35% | ||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $244.0M | $244.0M | $115.0M |
| YoY Change | 112.17% | 112.17% | |
| Total Long-Term Assets | $11.79B | $11.79B | $12.79B |
| YoY Change | -7.79% | -7.79% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $5.164B | $5.164B | $5.094B |
| Total Long-Term Assets | $11.79B | $11.79B | $12.79B |
| Total Assets | $16.96B | $16.96B | $17.88B |
| YoY Change | -5.18% | -5.18% | |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.795B | $1.795B | $2.041B |
| YoY Change | -12.05% | -12.05% | |
| Accrued Expenses | $361.0M | $361.0M | $449.0M |
| YoY Change | -19.6% | -19.6% | |
| Deferred Revenue | $103.0M | $104.0M | |
| YoY Change | -0.96% | ||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $13.00M | $13.00M | $21.00M |
| YoY Change | -38.1% | -38.1% | |
| Total Short-Term Liabilities | $2.844B | $2.831B | $3.186B |
| YoY Change | -10.73% | -11.14% | |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $9.255B | $9.255B | $9.439B |
| YoY Change | -1.95% | -1.95% | |
| Other Long-Term Liabilities | $378.0M | $1.674B | $767.0M |
| YoY Change | -50.72% | 10.93% | |
| Total Long-Term Liabilities | $378.0M | $10.93B | $767.0M |
| YoY Change | -50.72% | -0.17% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $2.844B | $2.831B | $3.186B |
| Total Long-Term Liabilities | $378.0M | $10.93B | $767.0M |
| Total Liabilities | $13.76B | $13.76B | $14.70B |
| YoY Change | -6.41% | -6.41% | |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $2.421B | $2.341B | |
| YoY Change | 3.42% | ||
| Common Stock | $1.178B | $1.135B | |
| YoY Change | 3.79% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $3.196B | $3.196B | $3.180B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $16.96B | $16.96B | $17.88B |
| YoY Change | -5.18% | -5.18% |
Cashflow Statement
| Concept | 2022 Q4 | 2022 | 2021 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $233.0M | $766.0M | $228.0M |
| YoY Change | 2.19% | 4.5% | |
| Depreciation, Depletion And Amortization | $199.0M | $819.0M | $215.0M |
| YoY Change | -7.44% | -4.1% | |
| Cash From Operating Activities | $1.218B | $1.563B | $668.0M |
| YoY Change | 82.34% | -1.08% | |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$131.0M | $687.0M | -$156.0M |
| YoY Change | -16.03% | -201.63% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $73.00M | $204.0M | $0.00 |
| YoY Change | 23.64% | ||
| Cash From Investing Activities | -$58.00M | -$483.0M | -$156.0M |
| YoY Change | -62.82% | -5.48% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $682.0M | ||
| YoY Change | |||
| Debt Paid & Issued, Net | $84.00M | $22.00M | |
| YoY Change | -99.37% | ||
| Cash From Financing Activities | -245.0M | -704.0M | -207.0M |
| YoY Change | 18.36% | -4.99% | |
| NET CHANGE | |||
| Cash From Operating Activities | 1.218B | 1.563B | 668.0M |
| Cash From Investing Activities | -58.00M | -483.0M | -156.0M |
| Cash From Financing Activities | -245.0M | -704.0M | -207.0M |
| Net Change In Cash | 915.0M | 319.0M | 305.0M |
| YoY Change | 200.0% | -2.74% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $1.218B | $1.563B | $668.0M |
| Capital Expenditures | -$131.0M | $687.0M | -$156.0M |
| Free Cash Flow | $1.349B | $876.0M | $824.0M |
| YoY Change | 63.71% | -61.17% |
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