2022 Q3 Form 10-Q Financial Statement

#000178318022000048 Filed on July 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $5.451B $5.211B $4.654B
YoY Change 2.06% -4.21% -0.96%
Cost Of Revenue $3.973B $3.759B $3.359B
YoY Change 6.43% -1.47% 1.79%
Gross Profit $1.478B $1.452B $1.295B
YoY Change -8.08% -10.65% -7.43%
Gross Profit Margin 27.11% 27.86% 27.83%
Selling, General & Admin $624.0M $614.0M $601.0M
YoY Change -16.58% -24.48% -19.11%
% of Gross Profit 42.22% 42.29% 46.41%
Research & Development $143.0M $122.0M $125.0M
YoY Change 16.26% -2.4% 3.31%
% of Gross Profit 9.68% 8.4% 9.65%
Depreciation & Amortization $102.0M $76.00M $79.00M
YoY Change 22.89% -10.59% -4.82%
% of Gross Profit 6.9% 5.23% 6.1%
Operating Expenses $767.0M $736.0M $726.0M
YoY Change -11.94% -21.54% -15.97%
Operating Profit $1.526B $819.0M $1.737B
YoY Change 84.3% 4.6% 204.2%
Interest Expense -$56.00M -$61.00M -$48.00M
YoY Change -24.32% -14.08% -48.39%
% of Operating Profit -3.67% -7.45% -2.76%
Other Income/Expense, Net $0.00 -$1.000M -$1.000M
YoY Change -100.0% -105.26% -105.56%
Pretax Income $1.470B $757.0M $1.688B
YoY Change 91.41% 3.56% 240.32%
Income Tax $138.0M $170.0M $301.0M
% Of Pretax Income 9.39% 22.46% 17.83%
Net Earnings $1.332B $587.0M $1.387B
YoY Change 177.5% 18.11% 253.83%
Net Earnings / Revenue 24.44% 11.26% 29.8%
Basic Earnings Per Share $1.56 $0.68 $1.62
Diluted Earnings Per Share $1.53 $0.67 $1.58
COMMON SHARES
Basic Shares Outstanding 841.6M shares 845.7M shares 853.3M shares
Diluted Shares Outstanding 856.5M shares 862.7M shares 874.1M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.985B $3.017B $3.604B
YoY Change 11.76% 14.71% 38.67%
Cash & Equivalents $2.985B $3.017B $3.604B
Short-Term Investments
Other Short-Term Assets $422.0M $374.0M $386.0M
YoY Change 9.9% -10.1% 10.29%
Inventory $2.664B $2.350B $2.358B
Prepaid Expenses
Receivables $3.669B $3.535B $3.254B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.740B $9.276B $9.602B
YoY Change -13.81% 5.96% 15.3%
LONG-TERM ASSETS
Property, Plant & Equipment $2.055B $1.805B $1.825B
YoY Change 16.5% -1.74% 2.7%
Goodwill $9.621B $9.067B $9.288B
YoY Change 4.16% -11.79% -7.83%
Intangibles $1.309B $458.0M $488.0M
YoY Change 172.14% -57.24% -51.3%
Long-Term Investments $1.151B $1.671B $1.638B
YoY Change -28.91% 6.3% 7.06%
Other Assets $207.0M $193.0M $202.0M
YoY Change -26.07% -43.73% -36.08%
Total Long-Term Assets $15.61B $14.39B $14.59B
YoY Change 7.74% -15.3% -11.78%
TOTAL ASSETS
Total Short-Term Assets $9.740B $9.276B $9.602B
Total Long-Term Assets $15.61B $14.39B $14.59B
Total Assets $25.35B $23.66B $24.19B
YoY Change -1.7% -8.07% -2.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.817B $2.403B $2.519B
YoY Change 30.54% 1.74% 15.82%
Accrued Expenses $2.537B $2.430B $2.330B
YoY Change 12.26% -4.37% 2.87%
Deferred Revenue $440.0M $444.0M $426.0M
YoY Change 5.26% -22.92% -21.83%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $219.0M $269.0M $256.0M
YoY Change 68.46% 115.2% 67.32%
Total Short-Term Liabilities $6.013B $5.546B $5.531B
YoY Change -0.91% -1.03% 7.65%
LONG-TERM LIABILITIES
Long-Term Debt $8.670B $8.298B $8.305B
YoY Change -9.29% -13.56% -13.28%
Other Long-Term Liabilities $1.737B $1.635B $1.694B
YoY Change 3.52% -4.5% -2.08%
Total Long-Term Liabilities $10.41B $9.933B $9.999B
YoY Change -7.38% -12.19% -11.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.013B $5.546B $5.531B
Total Long-Term Liabilities $10.41B $9.933B $9.999B
Total Liabilities $17.89B $16.67B $16.76B
YoY Change -3.66% -10.46% -7.13%
SHAREHOLDERS EQUITY
Retained Earnings $5.876B $4.564B $4.244B
YoY Change 111.82% 98.0% 109.37%
Common Stock $9.000M $9.000M $9.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.791B $1.543B $1.270B
YoY Change 548.91% 1086.92% 3242.11%
Treasury Stock Shares
Shareholders Equity $7.152B $6.696B $7.101B
YoY Change
Total Liabilities & Shareholders Equity $25.35B $23.66B $24.19B
YoY Change -1.7% -8.07% -2.71%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $1.332B $587.0M $1.387B
YoY Change 177.5% 18.11% 253.83%
Depreciation, Depletion And Amortization $102.0M $76.00M $79.00M
YoY Change 22.89% -10.59% -4.82%
Cash From Operating Activities $790.0M $32.00M -$202.0M
YoY Change 36.44% -94.3% -209.78%
INVESTING ACTIVITIES
Capital Expenditures -$91.00M -$66.00M -$56.00M
YoY Change 22.97% -16.46% 5.66%
Acquisitions $9.000M
YoY Change 50.0%
Other Investing Activities -$509.0M -$109.0M $18.00M
YoY Change 898.04% -36.99% -1000.0%
Cash From Investing Activities -$600.0M -$175.0M $2.820B
YoY Change 380.0% -30.56% -5855.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $734.0M
YoY Change 1938.89%
Debt Paid & Issued, Net $1.123B
YoY Change 97.02%
Cash From Financing Activities -150.0M -414.0M -$2.020B
YoY Change -54.13% 62.35% 214.15%
NET CHANGE
Cash From Operating Activities 790.0M 32.00M -$202.0M
Cash From Investing Activities -600.0M -175.0M $2.820B
Cash From Financing Activities -150.0M -414.0M -$2.020B
Net Change In Cash 40.00M -557.0M $597.0M
YoY Change -68.5% -1131.48% -215.47%
FREE CASH FLOW
Cash From Operating Activities $790.0M $32.00M -$202.0M
Capital Expenditures -$91.00M -$66.00M -$56.00M
Free Cash Flow $881.0M $98.00M -$146.0M
YoY Change 34.92% -84.69% -161.6%

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