2023 Q3 Form 10-Q Financial Statement

#000001427223000152 Filed on July 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $10.97B $11.23B
YoY Change -2.25% -5.56%
Cost Of Revenue $2.506B $2.840B
YoY Change 6.5% 4.41%
Gross Profit $8.460B $8.386B
YoY Change -4.57% -8.52%
Gross Profit Margin 77.15% 74.7%
Selling, General & Admin $2.003B $1.914B
YoY Change 3.78% 7.11%
% of Gross Profit 23.68% 22.82%
Research & Development $2.242B $2.252B
YoY Change -7.28% -2.97%
% of Gross Profit 26.5% 26.85%
Depreciation & Amortization $151.0M $2.432B
YoY Change 2.03% 1624.82%
% of Gross Profit 1.78% 29.0%
Operating Expenses $4.245B $5.865B
YoY Change -2.37% 42.77%
Operating Profit $4.215B $2.521B
YoY Change -6.69% -50.17%
Interest Expense $280.0M -$245.0M
YoY Change -6.35% -178.27%
% of Operating Profit 6.64% -9.72%
Other Income/Expense, Net $258.0M -$32.00M
YoY Change 84.29% -88.73%
Pretax Income $2.137B $1.859B
YoY Change -3.26% -5.06%
Income Tax $203.0M -$218.0M
% Of Pretax Income 9.5% -11.73%
Net Earnings $1.928B $2.073B
YoY Change 20.05% 45.88%
Net Earnings / Revenue 17.58% 18.47%
Basic Earnings Per Share $0.94 $0.99
Diluted Earnings Per Share $0.93 $0.99
COMMON SHARES
Basic Shares Outstanding 2.089B shares 2.101B shares
Diluted Shares Outstanding 2.064B shares 2.102B shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.839B $8.730B
YoY Change -13.16% -34.19%
Cash & Equivalents $7.514B $8.372B
Short-Term Investments $325.0M $358.0M
Other Short-Term Assets $7.207B $1.921B
YoY Change 18.5% -66.66%
Inventory $2.436B $2.364B
Prepaid Expenses
Receivables $8.407B $8.530B
Other Receivables $6.830B $6.529B
Total Short-Term Assets $27.63B $28.07B
YoY Change 3.12% -7.0%
LONG-TERM ASSETS
Property, Plant & Equipment $6.481B $7.629B
YoY Change 7.39% 27.79%
Goodwill $21.15B $21.16B
YoY Change 0.17% 3.51%
Intangibles $28.95B $31.30B
YoY Change -24.17% -16.95%
Long-Term Investments $557.0M $1.991B
YoY Change 4.11% 249.91%
Other Assets $5.214B $3.329B
YoY Change 9.88% -29.59%
Total Long-Term Assets $63.63B $65.42B
YoY Change -10.88% -6.78%
TOTAL ASSETS
Total Short-Term Assets $27.63B $28.07B
Total Long-Term Assets $63.63B $65.42B
Total Assets $91.26B $93.49B
YoY Change -7.06% -6.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.813B $3.069B
YoY Change 8.4% 6.49%
Accrued Expenses $10.91B $9.311B
YoY Change 9.06% 4.29%
Deferred Revenue
YoY Change
Short-Term Debt $5.467B $606.0M
YoY Change 156.43% -87.76%
Long-Term Debt Due $4.873B $2.414B
YoY Change 156.07% -48.04%
Total Short-Term Liabilities $23.46B $20.15B
YoY Change 23.94% -3.66%
LONG-TERM LIABILITIES
Long-Term Debt $32.14B $34.66B
YoY Change -13.06% -6.61%
Other Long-Term Liabilities $6.203B $5.902B
YoY Change -7.21% -11.11%
Total Long-Term Liabilities $38.34B $40.56B
YoY Change -12.17% -7.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.46B $20.15B
Total Long-Term Liabilities $38.34B $40.56B
Total Liabilities $62.20B $61.52B
YoY Change -4.98% -9.13%
SHAREHOLDERS EQUITY
Retained Earnings $28.22B $27.45B
YoY Change 14.36% 13.35%
Common Stock $292.0M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $43.08B $39.68B
YoY Change 18.3% 12.43%
Treasury Stock Shares
Shareholders Equity $29.00B $31.97B
YoY Change
Total Liabilities & Shareholders Equity $91.26B $93.49B
YoY Change -7.06% -6.84%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $1.928B $2.073B
YoY Change 20.05% 45.88%
Depreciation, Depletion And Amortization $151.0M $2.432B
YoY Change 2.03% 1624.82%
Cash From Operating Activities $4.751B $1.887B
YoY Change 28.86% -16.54%
INVESTING ACTIVITIES
Capital Expenditures $342.0M $259.0M
YoY Change -238.46% -195.22%
Acquisitions
YoY Change
Other Investing Activities -$68.00M -$70.00M
YoY Change -96.29% 311.76%
Cash From Investing Activities -$410.0M -$329.0M
YoY Change -80.3% 13.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.160B -2.173B
YoY Change 13.58% -38.27%
NET CHANGE
Cash From Operating Activities 4.751B 1.887B
Cash From Investing Activities -410.0M -329.0M
Cash From Financing Activities -5.160B -2.173B
Net Change In Cash -819.0M -615.0M
YoY Change -72.11% -60.27%
FREE CASH FLOW
Cash From Operating Activities $4.751B $1.887B
Capital Expenditures $342.0M $259.0M
Free Cash Flow $4.409B $1.628B
YoY Change 12.07% -35.73%

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