2022 Q4 Form 10-Q Financial Statement

#000001427222000196 Filed on October 26, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $11.41B $11.22B
YoY Change -4.83% -3.49%
Cost Of Revenue $2.520B $2.353B
YoY Change 6.96% 2.71%
Gross Profit $8.886B $8.865B
YoY Change -7.72% -5.01%
Gross Profit Margin 77.91% 79.02%
Selling, General & Admin $2.266B $1.930B
YoY Change -3.66% 7.94%
% of Gross Profit 25.5% 21.77%
Research & Development $2.510B $2.418B
YoY Change -3.72% -25.62%
% of Gross Profit 28.25% 27.28%
Depreciation & Amortization $2.343B $148.0M
YoY Change -9.15% 2.78%
% of Gross Profit 26.37% 1.67%
Operating Expenses $6.568B $4.348B
YoY Change -3.98% -13.71%
Operating Profit $2.318B $4.517B
YoY Change -16.89% 5.19%
Interest Expense -$47.00M $299.0M
YoY Change -94.02% -8.84%
% of Operating Profit -2.03% 6.62%
Other Income/Expense, Net -$39.00M $140.0M
YoY Change -4000.0% -65.77%
Pretax Income $1.859B $2.209B
YoY Change 0.05% 2.41%
Income Tax -$166.0M $601.0M
% Of Pretax Income -8.93% 27.21%
Net Earnings $2.022B $1.606B
YoY Change -14.76% 3.88%
Net Earnings / Revenue 17.73% 14.32%
Basic Earnings Per Share $0.75
Diluted Earnings Per Share $952.0K $0.75
COMMON SHARES
Basic Shares Outstanding 2.126B shares 2.135B shares
Diluted Shares Outstanding 2.148B shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.253B $9.027B
YoY Change -45.46% -42.95%
Cash & Equivalents $9.123B $7.734B
Short-Term Investments $130.0M $1.293B
Other Short-Term Assets $5.795B $6.082B
YoY Change 19.93% 39.11%
Inventory $2.339B $2.074B
Prepaid Expenses
Receivables $8.151B $8.021B
Other Receivables $1.735B $4.773B
Total Short-Term Assets $27.27B $26.80B
YoY Change -18.01% -14.78%
LONG-TERM ASSETS
Property, Plant & Equipment $6.255B $6.035B
YoY Change 3.41% 2.85%
Goodwill $21.15B $21.11B
YoY Change 3.16% 2.89%
Intangibles $35.86B $38.18B
YoY Change -15.68% -15.03%
Long-Term Investments $546.0M $535.0M
YoY Change -18.02% -88.82%
Other Assets $4.940B $4.745B
YoY Change -10.75% -35.9%
Total Long-Term Assets $69.55B $71.40B
YoY Change -8.55% -10.13%
TOTAL ASSETS
Total Short-Term Assets $27.27B $26.80B
Total Long-Term Assets $69.55B $71.40B
Total Assets $96.82B $98.20B
YoY Change -11.43% -11.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.040B $2.595B
YoY Change 3.09% -3.71%
Accrued Expenses $10.37B $10.01B
YoY Change 2.67% 0.35%
Deferred Revenue
YoY Change
Short-Term Debt $4.264B $2.132B
YoY Change -13.82% -57.91%
Long-Term Debt Due $3.897B $1.903B
YoY Change -18.2% -60.1%
Total Short-Term Liabilities $21.89B $18.93B
YoY Change 0.1% -11.79%
LONG-TERM LIABILITIES
Long-Term Debt $35.06B $36.97B
YoY Change -11.49% -6.83%
Other Long-Term Liabilities $6.590B $6.685B
YoY Change -10.14% -11.06%
Total Long-Term Liabilities $41.65B $43.65B
YoY Change -11.28% -7.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.89B $18.93B
Total Long-Term Liabilities $41.65B $43.65B
Total Liabilities $65.70B $65.46B
YoY Change -10.38% -11.07%
SHAREHOLDERS EQUITY
Retained Earnings $25.50B $24.68B
YoY Change 7.07% 9.06%
Common Stock $292.0M $292.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $38.62B $36.41B
YoY Change 23.54% 27.44%
Treasury Stock Shares
Shareholders Equity $31.06B $32.67B
YoY Change
Total Liabilities & Shareholders Equity $96.82B $98.20B
YoY Change -11.43% -11.45%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $2.022B $1.606B
YoY Change -14.76% 3.88%
Depreciation, Depletion And Amortization $2.343B $148.0M
YoY Change -9.15% 2.78%
Cash From Operating Activities $3.306B $3.687B
YoY Change -18.51% -29.98%
INVESTING ACTIVITIES
Capital Expenditures $346.0M -$247.0M
YoY Change -208.13% -8.52%
Acquisitions
YoY Change
Other Investing Activities $1.559B -$1.834B
YoY Change 116.23% 159.77%
Cash From Investing Activities $1.213B -$2.081B
YoY Change 202.49% 113.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.246B -4.543B
YoY Change -18.17% 155.22%
NET CHANGE
Cash From Operating Activities 3.306B 3.687B
Cash From Investing Activities 1.213B -2.081B
Cash From Financing Activities -3.246B -4.543B
Net Change In Cash 1.273B -2.937B
YoY Change 159.27% -217.01%
FREE CASH FLOW
Cash From Operating Activities $3.306B $3.687B
Capital Expenditures $346.0M -$247.0M
Free Cash Flow $2.960B $3.934B
YoY Change -32.37% -28.94%

Facts In Submission

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us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
36000000 usd
CY2021Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
834000000 usd
CY2021Q2 us-gaap Contractual Obligation
ContractualObligation
6400000000 usd
CY2022Q2 bmy Royalty Guarantees Commitments Percent
RoyaltyGuaranteesCommitmentsPercent
0.015
CY2022Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
87000000 usd

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