2024 Q4 Form 10-Q Financial Statement

#000107553124000048 Filed on October 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $7.994B
YoY Change 8.9%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.726B
YoY Change 13.16%
% of Gross Profit
Research & Development $194.0M
YoY Change 3.74%
% of Gross Profit
Depreciation & Amortization $155.0M
YoY Change 20.16%
% of Gross Profit
Operating Expenses $4.815B
YoY Change 13.61%
Operating Profit $3.179B
YoY Change 2.45%
Interest Expense -$311.0M
YoY Change -222.44%
% of Operating Profit -9.78%
Other Income/Expense, Net -$332.0M
YoY Change -210.67%
Pretax Income $2.869B
YoY Change -8.89%
Income Tax $352.0M
% Of Pretax Income 12.27%
Net Earnings $2.517B
YoY Change 0.24%
Net Earnings / Revenue 31.49%
Basic Earnings Per Share $75.37
Diluted Earnings Per Share $74.34
COMMON SHARES
Basic Shares Outstanding 33.10M shares 33.52M shares
Diluted Shares Outstanding 33.86M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.78B
YoY Change 13.34%
Cash & Equivalents $15.78B
Short-Term Investments $0.00
Other Short-Term Assets $615.0M
YoY Change 41.71%
Inventory
Prepaid Expenses $490.0M
Receivables $3.649B
Other Receivables $0.00
Total Short-Term Assets $20.53B
YoY Change 11.09%
LONG-TERM ASSETS
Property, Plant & Equipment $882.0M
YoY Change 20.33%
Goodwill $2.800B
YoY Change -0.14%
Intangibles $1.450B
YoY Change -12.65%
Long-Term Investments $500.0M
YoY Change 19.05%
Other Assets $1.179B
YoY Change 31.58%
Total Long-Term Assets $7.449B
YoY Change 4.09%
TOTAL ASSETS
Total Short-Term Assets $20.53B
Total Long-Term Assets $7.449B
Total Assets $27.98B
YoY Change 9.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.065B
YoY Change 34.6%
Accrued Expenses $5.287B
YoY Change 26.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $2.419B
YoY Change 26.45%
Total Short-Term Liabilities $16.68B
YoY Change 29.97%
LONG-TERM LIABILITIES
Long-Term Debt $13.79B
YoY Change 16.34%
Other Long-Term Liabilities $204.0M
YoY Change 27.5%
Total Long-Term Liabilities $14.00B
YoY Change 16.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.68B
Total Long-Term Liabilities $14.00B
Total Liabilities $31.63B
YoY Change 20.45%
SHAREHOLDERS EQUITY
Retained Earnings $35.75B
YoY Change 13.1%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $46.73B
YoY Change 20.0%
Treasury Stock Shares
Shareholders Equity -$3.653B
YoY Change
Total Liabilities & Shareholders Equity $27.98B
YoY Change 9.14%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $2.517B
YoY Change 0.24%
Depreciation, Depletion And Amortization $155.0M
YoY Change 20.16%
Cash From Operating Activities $2.373B
YoY Change 72.96%
INVESTING ACTIVITIES
Capital Expenditures $77.00M
YoY Change 8.45%
Acquisitions
YoY Change
Other Investing Activities $75.00M
YoY Change 53.06%
Cash From Investing Activities -$2.000M
YoY Change -90.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.165B
YoY Change 20.25%
NET CHANGE
Cash From Operating Activities 2.373B
Cash From Investing Activities -2.000M
Cash From Financing Activities -3.165B
Net Change In Cash -794.0M
YoY Change -38.07%
FREE CASH FLOW
Cash From Operating Activities $2.373B
Capital Expenditures $77.00M
Free Cash Flow $2.296B
YoY Change 76.48%

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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassification</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts from prior periods have been reclassified to conform to the current period presentation. These include the reclassification of certain indirect taxes, primarily digital services taxes, between "General and administrative" expenses and "Sales and other expenses" in the Unaudited Consolidated Statements of Operations. See Notes 2 and 21 to the Consolidated Financial Statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2023.</span></div>
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