2023 Q1 Form 10-K Financial Statement

#000105147023000041 Filed on February 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.773B $1.764B $6.986B
YoY Change 1.78% 6.65% 10.19%
Cost Of Revenue $519.0M $522.0M $2.068B
YoY Change 359.29% -0.38% 371.07%
Gross Profit $1.254B $1.242B $4.918B
YoY Change -23.02% 9.91% -16.66%
Gross Profit Margin 70.73% 70.41% 70.4%
Selling, General & Admin $195.0M $192.0M $750.0M
YoY Change 7.73% 6.67% 10.29%
% of Gross Profit 15.55% 15.46% 15.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $431.0M $431.0M $1.707B
YoY Change 2.62% 3.86% 42.25%
% of Gross Profit 34.37% 34.7% 34.71%
Operating Expenses $626.0M $623.0M $2.457B
YoY Change 245.86% 4.71% 261.32%
Operating Profit $628.0M $619.0M $2.461B
YoY Change 1.62% 15.7% 22.99%
Interest Expense -$200.0M -$190.0M -$696.0M
YoY Change 21.95% 15.85% 6.1%
% of Operating Profit -31.85% -30.69% -28.28%
Other Income/Expense, Net -$3.000M -$5.000M -$10.00M
YoY Change 200.0% 0.0% -52.38%
Pretax Income $425.0M $415.0M $1.691B
YoY Change -0.47% 17.23% 47.81%
Income Tax $7.000M $2.000M $16.00M
% Of Pretax Income 1.65% 0.48% 0.95%
Net Earnings $418.0M $413.0M $1.675B
YoY Change -0.71% 17.0% 52.83%
Net Earnings / Revenue 23.58% 23.41% 23.98%
Basic Earnings Per Share $0.97 $3.87
Diluted Earnings Per Share $0.96 $951.6K $3.859M
COMMON SHARES
Basic Shares Outstanding 433.4M shares 433.0M shares 433.0M shares
Diluted Shares Outstanding 434.0M shares 434.0M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $187.0M $156.0M $156.0M
YoY Change -40.06% -46.58% -46.58%
Cash & Equivalents $187.0M $156.0M $156.0M
Short-Term Investments
Other Short-Term Assets $448.0M $341.0M $341.0M
YoY Change 176.54% 135.17% -18.62%
Inventory
Prepaid Expenses $159.0M $102.0M
Receivables $565.0M $593.0M $593.0M
Other Receivables $125.0M $127.0M $127.0M
Total Short-Term Assets $1.325B $1.217B $1.217B
YoY Change 5.08% -2.95% -2.95%
LONG-TERM ASSETS
Property, Plant & Equipment $21.97B $21.93B $21.93B
YoY Change 44.32% 43.64% -0.08%
Goodwill $10.09B $10.09B
YoY Change 0.07% 0.07%
Intangibles $3.496B $3.596B
YoY Change -11.16% -11.12%
Long-Term Investments
YoY Change
Other Assets $134.0M $136.0M $136.0M
YoY Change 3.08% 10.57% 10.57%
Total Long-Term Assets $37.73B $37.70B $37.70B
YoY Change -0.16% -0.22% -0.22%
TOTAL ASSETS
Total Short-Term Assets $1.325B $1.217B $1.217B
Total Long-Term Assets $37.73B $37.70B $37.70B
Total Assets $39.05B $38.92B $38.92B
YoY Change 0.01% -0.3% -0.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $233.0M $236.0M $236.0M
YoY Change 4.02% -4.07% -4.07%
Accrued Expenses $762.0M $940.0M $940.0M
YoY Change 0.26% 0.86% 0.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $819.0M $819.0M $819.0M
YoY Change 1053.52% 1037.5% 1037.5%
Total Short-Term Liabilities $2.535B $2.731B $2.731B
YoY Change 42.74% 34.8% 34.8%
LONG-TERM LIABILITIES
Long-Term Debt $21.51B $20.91B $20.91B
YoY Change 2.18% 1.72% 1.72%
Other Long-Term Liabilities $7.783B $7.831B $7.831B
YoY Change 269.56% 261.21% -4.32%
Total Long-Term Liabilities $29.30B $28.74B $28.74B
YoY Change 1291.07% 1225.69% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.535B $2.731B $2.731B
Total Long-Term Liabilities $29.30B $28.74B $28.74B
Total Liabilities $31.83B $31.47B $31.47B
YoY Change 2.63% 2.24% 2.24%
SHAREHOLDERS EQUITY
Retained Earnings -$10.93B -$10.67B
YoY Change 9.61% 9.36%
Common Stock $4.000M $4.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.223B $7.449B $7.449B
YoY Change
Total Liabilities & Shareholders Equity $39.05B $38.92B $38.92B
YoY Change 0.01% -0.3% -0.3%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $418.0M $413.0M $1.675B
YoY Change -0.71% 17.0% 52.83%
Depreciation, Depletion And Amortization $431.0M $431.0M $1.707B
YoY Change 2.62% 3.86% 42.25%
Cash From Operating Activities $606.0M $840.0M $2.878B
YoY Change 8.6% 14.44% 3.19%
INVESTING ACTIVITIES
Capital Expenditures $341.0M -$389.0M -$1.310B
YoY Change -221.35% 15.43% 6.59%
Acquisitions $67.00M $35.00M
YoY Change 2133.33% -68.47%
Other Investing Activities -$66.00M -$17.00M -$42.00M
YoY Change 1220.0% -79.76% -625.0%
Cash From Investing Activities -$407.0M -$406.0M -$1.352B
YoY Change 40.83% -3.56% 1.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$65.00M
YoY Change -192.86%
Debt Paid & Issued, Net $0.00 $1.274B
YoY Change -100.0% -39.01%
Cash From Financing Activities -139.0M -456.0M -1.665B
YoY Change -45.06% 17.22% 27.1%
NET CHANGE
Cash From Operating Activities 606.0M 840.0M 2.878B
Cash From Investing Activities -407.0M -406.0M -1.352B
Cash From Financing Activities -139.0M -456.0M -1.665B
Net Change In Cash 60.00M -22.00M -139.0M
YoY Change 275.0% -71.05% -194.56%
FREE CASH FLOW
Cash From Operating Activities $606.0M $840.0M $2.878B
Capital Expenditures $341.0M -$389.0M -$1.310B
Free Cash Flow $265.0M $1.229B $4.188B
YoY Change -68.41% 14.75% 4.23%

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