2022 Q4 Form 10-Q Financial Statement

#000168504022000051 Filed on November 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $454.0M $1.482B
YoY Change -77.48% -41.0%
Cost Of Revenue $1.246B
YoY Change 12.05%
Gross Profit $236.0M
YoY Change -83.14%
Gross Profit Margin 15.92%
Selling, General & Admin $510.0M $532.0M
YoY Change 18.88% 2.11%
% of Gross Profit 225.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.739B $495.0M
YoY Change -9.71% -14.51%
Operating Profit -$259.0M
YoY Change -131.55%
Interest Expense -$39.00M -$38.00M
YoY Change -4.88% -7.32%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.324B -$868.0M
YoY Change -2802.04% -277.14%
Income Tax -$384.0M -$193.0M
% Of Pretax Income
Net Earnings -$967.0M -$677.0M
YoY Change -1634.92% -276.76%
Net Earnings / Revenue -213.0% -45.68%
Basic Earnings Per Share $1.61 -$9.82
Diluted Earnings Per Share -$14.01 -$9.82
COMMON SHARES
Basic Shares Outstanding 69.13M shares 71.82M shares
Diluted Shares Outstanding 71.52M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $4.115B $4.793B
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 $4.775B $4.607B
YoY Change 11.8% 16.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.800B $103.9B
YoY Change 11.63% -6.7%
Other Assets $1.618B $1.619B
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $225.6B $221.6B
YoY Change -13.19% -12.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $3.156B $3.156B
YoY Change -0.03% -8.15%
Other Long-Term Liabilities $7.056B $7.765B
YoY Change 56.66% 57.12%
Total Long-Term Liabilities $10.21B $10.92B
YoY Change 33.3% 30.35%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $10.21B $10.92B
Total Liabilities $219.5B $215.8B
YoY Change -9.89% -9.57%
SHAREHOLDERS EQUITY
Retained Earnings -$637.0M $304.0M
YoY Change -0.78% -143.12%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.042B $1.949B
YoY Change 32.34% 40.72%
Treasury Stock Shares 53.88M shares 52.07M shares
Shareholders Equity $5.973B $5.814B
YoY Change
Total Liabilities & Shareholders Equity $225.6B $221.6B
YoY Change -13.19% -12.98%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$967.0M -$677.0M
YoY Change -1634.92% -276.76%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$212.0M -$957.0M
YoY Change -307.84% -266.43%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$680.0M -$2.577B
YoY Change -73.57% -50.94%
Cash From Investing Activities -$680.0M -$2.577B
YoY Change -73.57% -50.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 214.0M 3.256B
YoY Change -92.46% -16.6%
NET CHANGE
Cash From Operating Activities -212.0M -957.0M
Cash From Investing Activities -680.0M -2.577B
Cash From Financing Activities 214.0M 3.256B
Net Change In Cash -678.0M -278.0M
YoY Change -285.25% -64.08%
FREE CASH FLOW
Cash From Operating Activities -$212.0M -$957.0M
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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AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
187371 shares
CY2022Q3 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
118000000 usd
CY2021Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
1000000 usd
CY2022Q3 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
1000000 usd

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