2022 Q3 Form 10-Q Financial Statement

#000168504022000045 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $1.482B $3.797B $2.016B
YoY Change -41.0% 126.55% 1438.93%
Cost Of Revenue $1.246B $1.108B
YoY Change 12.05% 47.34%
Gross Profit $236.0M $2.689B
YoY Change -83.14% 191.02%
Gross Profit Margin 15.92% 70.82%
Selling, General & Admin $532.0M $414.0M $429.0M
YoY Change 2.11% 4.81% 12.3%
% of Gross Profit 225.42% 15.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $495.0M $591.0M $1.926B
YoY Change -14.51% -2.8% 38.36%
Operating Profit -$259.0M $2.098B
YoY Change -131.55% 563.92%
Interest Expense -$38.00M -$38.00M -$41.00M
YoY Change -7.32% -5.0% -8.89%
% of Operating Profit -1.81%
Other Income/Expense, Net
YoY Change
Pretax Income -$868.0M $1.213B $49.00M
YoY Change -277.14% 5676.19% -103.75%
Income Tax -$193.0M $230.0M -$15.00M
% Of Pretax Income 18.96% -30.61%
Net Earnings -$677.0M $983.0M $63.00M
YoY Change -276.76% 3070.97% -106.1%
Net Earnings / Revenue -45.68% 25.89% 3.13%
Basic Earnings Per Share -$9.82 $12.84
Diluted Earnings Per Share -$9.82 $12.77 $793.8K
COMMON SHARES
Basic Shares Outstanding 71.82M shares 74.57M shares 79.82M shares
Diluted Shares Outstanding 71.52M shares 74.97M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $4.793B $5.071B $4.474B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $4.607B $4.683B $4.271B
YoY Change 16.37% 32.06% 51.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $103.9B $105.8B $4.300B
YoY Change -6.7% -1.18% 53.57%
Other Assets $1.619B $471.0M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $221.6B $228.2B $259.8B
YoY Change -12.98% -10.1% 4.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $62.00M
YoY Change -50.79%
LONG-TERM LIABILITIES
Long-Term Debt $3.156B $3.157B $3.157B
YoY Change -8.15% -8.12% -8.12%
Other Long-Term Liabilities $7.765B $6.572B $4.504B
YoY Change 57.12% 33.69% -10.12%
Total Long-Term Liabilities $10.92B $9.729B $7.661B
YoY Change 30.35% 16.49% -9.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.00M
Total Long-Term Liabilities $10.92B $9.729B $7.661B
Total Liabilities $215.8B $218.0B $243.6B
YoY Change -9.57% -8.3% 6.03%
SHAREHOLDERS EQUITY
Retained Earnings $304.0M $981.0M -$642.0M
YoY Change -143.12% -190.17% 20.22%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.949B $1.813B $1.543B
YoY Change 40.72% 46.68% 48.65%
Treasury Stock Shares 52.07M shares 49.02M shares 43.64M shares
Shareholders Equity $5.814B $10.19B $16.14B
YoY Change
Total Liabilities & Shareholders Equity $221.6B $228.2B $259.8B
YoY Change -12.98% -10.1% 4.83%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$677.0M $983.0M $63.00M
YoY Change -276.76% 3070.97% -106.1%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$957.0M $181.0M $102.0M
YoY Change -266.43% 4.62% -72.65%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$2.577B -$2.500B -$2.573B
YoY Change -50.94% -40.65% 55.09%
Cash From Investing Activities -$2.577B -$2.500B -$2.573B
YoY Change -50.94% -40.65% 55.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.256B 3.289B 2.837B
YoY Change -16.6% -32.82% -456.86%
NET CHANGE
Cash From Operating Activities -957.0M 181.0M 102.0M
Cash From Investing Activities -2.577B -2.500B -2.573B
Cash From Financing Activities 3.256B 3.289B 2.837B
Net Change In Cash -278.0M 970.0M 366.0M
YoY Change -64.08% 13.19% -117.59%
FREE CASH FLOW
Cash From Operating Activities -$957.0M $181.0M $102.0M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Basis of Presentation</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to adopt accounting policies and make estimates and assumptions that affect amounts reported on the interim condensed consolidated financial statements. In applying these policies and estimates, management makes subjective and complex judgments that frequently require assumptions about matters that are inherently uncertain. Many of these policies, estimates and related judgments are common in the insurance and financial services industries; others are specific to the Company’s business and operations. Actual results could differ from these estimates.</span></div>
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515800 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
454716 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86555806 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
12.84
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
20.74
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.93
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
12.77
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
20.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.93
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
187371 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
187371 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
187371 shares
CY2022Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
118000000 usd
CY2022Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
1000000 usd
CY2021Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
1000000 usd

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