2023 Q3 Form 10-Q Financial Statement
#000105147023000128 Filed on August 02, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
Revenue | $1.667B | $1.867B |
YoY Change | -4.52% | 7.67% |
Cost Of Revenue | $66.00M | $522.0M |
YoY Change | -87.4% | 366.07% |
Gross Profit | $1.601B | $1.345B |
YoY Change | 31.01% | -17.08% |
Gross Profit Margin | 96.04% | 72.04% |
Selling, General & Admin | $176.0M | $210.0M |
YoY Change | -5.88% | 10.53% |
% of Gross Profit | 10.99% | 15.61% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $439.0M | $445.0M |
YoY Change | 2.33% | 4.22% |
% of Gross Profit | 27.42% | 33.09% |
Operating Expenses | $176.0M | $655.0M |
YoY Change | -71.47% | 244.74% |
Operating Profit | $486.0M | $690.0M |
YoY Change | -19.67% | 16.36% |
Interest Expense | -$214.0M | -$203.0M |
YoY Change | 21.59% | 23.03% |
% of Operating Profit | -44.03% | -29.42% |
Other Income/Expense, Net | $0.00 | -$2.000M |
YoY Change | -100.0% | 0.0% |
Pretax Income | $272.0M | $462.0M |
YoY Change | -35.55% | 8.45% |
Income Tax | $7.000M | $7.000M |
% Of Pretax Income | 2.57% | 1.52% |
Net Earnings | $265.0M | $455.0M |
YoY Change | -36.75% | 8.08% |
Net Earnings / Revenue | 15.9% | 24.37% |
Basic Earnings Per Share | $0.61 | $1.05 |
Diluted Earnings Per Share | $0.61 | $1.05 |
COMMON SHARES | ||
Basic Shares Outstanding | 433.7M shares | 433.7M shares |
Diluted Shares Outstanding | 434.0M shares | 434.0M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $117.0M | $276.0M |
YoY Change | -32.76% | -1.78% |
Cash & Equivalents | $117.0M | $276.0M |
Short-Term Investments | ||
Other Short-Term Assets | $72.00M | $460.0M |
YoY Change | -84.78% | 162.86% |
Inventory | ||
Prepaid Expenses | $143.0M | $182.0M |
Receivables | $512.0M | $496.0M |
Other Receivables | $115.0M | $117.0M |
Total Short-Term Assets | $1.126B | $1.349B |
YoY Change | -4.74% | 4.57% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $15.57B | $21.96B |
YoY Change | -28.82% | 44.27% |
Goodwill | $10.09B | $10.09B |
YoY Change | -0.02% | -0.02% |
Intangibles | $3.276B | $3.388B |
YoY Change | -11.44% | -11.36% |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $141.0M | $136.0M |
YoY Change | 4.44% | 0.0% |
Total Long-Term Assets | $37.57B | $37.69B |
YoY Change | -0.28% | -0.08% |
TOTAL ASSETS | ||
Total Short-Term Assets | $1.126B | $1.349B |
Total Long-Term Assets | $37.57B | $37.69B |
Total Assets | $38.70B | $39.04B |
YoY Change | -0.42% | 0.07% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $215.0M | $240.0M |
YoY Change | -6.11% | 4.35% |
Accrued Expenses | $857.0M | $873.0M |
YoY Change | 0.82% | 0.34% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $827.0M | $819.0M |
YoY Change | 0.98% | 1070.0% |
Total Short-Term Liabilities | $2.549B | $2.725B |
YoY Change | -1.35% | 45.64% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $21.90B | $21.60B |
YoY Change | 6.0% | 1.82% |
Other Long-Term Liabilities | $1.918B | $7.672B |
YoY Change | -75.83% | 273.88% |
Total Long-Term Liabilities | $1.918B | $29.27B |
YoY Change | -93.29% | 1326.46% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $2.549B | $2.725B |
Total Long-Term Liabilities | $1.918B | $29.27B |
Total Liabilities | $32.03B | $32.00B |
YoY Change | 2.72% | 2.71% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$11.57B | -$11.16B |
YoY Change | 11.21% | 9.49% |
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 | $6.669B | $7.046B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $38.70B | $39.04B |
YoY Change | -0.42% | 0.07% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $265.0M | $455.0M |
YoY Change | -36.75% | 8.08% |
Depreciation, Depletion And Amortization | $439.0M | $445.0M |
YoY Change | 2.33% | 4.22% |
Cash From Operating Activities | $533.0M | $1.120B |
YoY Change | -23.97% | 43.77% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $347.0M | $379.0M |
YoY Change | -202.97% | -225.08% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$2.000M | -$20.00M |
YoY Change | 17.65% | |
Cash From Investing Activities | -$349.0M | -$399.0M |
YoY Change | 3.56% | 24.69% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -383.0M | -619.0M |
YoY Change | -16.92% | 25.05% |
NET CHANGE | ||
Cash From Operating Activities | 533.0M | 1.120B |
Cash From Investing Activities | -349.0M | -399.0M |
Cash From Financing Activities | -383.0M | -619.0M |
Net Change In Cash | -199.0M | 102.0M |
YoY Change | 105.15% | -383.33% |
FREE CASH FLOW | ||
Cash From Operating Activities | $533.0M | $1.120B |
Capital Expenditures | $347.0M | $379.0M |
Free Cash Flow | $186.0M | $741.0M |
YoY Change | -82.08% | -31.52% |
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|
171000000 | usd |
CY2022Q4 | cci |
Restricted Cash Fair Value Disclosure
RestrictedCashFairValueDisclosure
|
171000000 | usd |
CY2022Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
21729000000 | usd |
CY2022Q4 | us-gaap |
Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
|
19554000000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
874000000 | usd | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
433000000 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1000000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
434000000 | shares | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
3.130 | ||
us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
1000000 | shares | |
CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.565 | |
CY2023Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
681000000 | usd |
CY2023Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.565 | |
CY2023Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
681000000 | usd |
us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
200000 | shares | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
29000000 | usd | |
CY2023Q2 | cci |
Availability Under Atm
AvailabilityUnderATM
|
750000000 | usd |
CY2023Q2 | cci |
Small Cells On Air
SmallCellsOnAir
|
120000 | |
CY2023Q2 | cci |
Amortization Of Prepaid Lease Purchase Price Adjustments
AmortizationOfPrepaidLeasePurchasePriceAdjustments
|
4000000 | usd |
CY2022Q2 | cci |
Amortization Of Prepaid Lease Purchase Price Adjustments
AmortizationOfPrepaidLeasePurchasePriceAdjustments
|
4000000 | usd |
cci |
Amortization Of Prepaid Lease Purchase Price Adjustments
AmortizationOfPrepaidLeasePurchasePriceAdjustments
|
8000000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
284000000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
278000000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
367000000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
324000000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
10000000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
9000000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
28000000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
155000000 | usd | |
cci |
Increase Decreaseinaccountspayableforpurchasesofpropertyandequipment
IncreaseDecreaseinaccountspayableforpurchasesofpropertyandequipment
|
16000000 | usd | |
cci |
Increase Decreaseinaccountspayableforpurchasesofpropertyandequipment
IncreaseDecreaseinaccountspayableforpurchasesofpropertyandequipment
|
-7000000 | usd | |
cci |
Purchaseofpropertyandequipmentundercapitalleasesandinstallmentpurchases
Purchaseofpropertyandequipmentundercapitalleasesandinstallmentpurchases
|
39000000 | usd | |
cci |
Purchaseofpropertyandequipmentundercapitalleasesandinstallmentpurchases
Purchaseofpropertyandequipmentundercapitalleasesandinstallmentpurchases
|
10000000 | usd | |
CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
276000000 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
156000000 | usd |
CY2023Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
207000000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
166000000 | usd |
CY2023Q2 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
5000000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
5000000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
488000000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
327000000 | usd |
ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |