2023 Q1 Form 10-K Financial Statement

#000186827523000014 Filed on February 16, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $7.565B $7.333B $24.44B
YoY Change 35.31% 32.56% 24.38%
Cost Of Revenue $5.729B $5.708B $17.46B
YoY Change 61.38% 40.59% 43.57%
Gross Profit $1.836B $1.625B $6.978B
YoY Change -10.04% 10.39% -6.79%
Gross Profit Margin 24.27% 22.16% 28.55%
Selling, General & Admin $1.564B $1.512B $5.393B
YoY Change -0.26% 19.71% 15.63%
% of Gross Profit 85.19% 93.05% 77.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $262.0M $617.0M $1.065B
YoY Change -2.96% 4.75% -76.54%
% of Gross Profit 14.27% 37.97% 15.26%
Operating Expenses $1.831B $1.785B $6.484B
YoY Change -0.92% 16.59% -15.43%
Operating Profit $31.00M -$160.0M $495.0M
YoY Change -92.87% 171.19% -373.48%
Interest Expense $107.0M -$64.00M $250.0M
YoY Change 94.55% -11.11% -184.18%
% of Operating Profit 345.16% 50.51%
Other Income/Expense, Net $207.0M $383.0M -$1.037B
YoY Change -155.35% 63.68% -230.44%
Pretax Income $238.0M $147.0M -$542.0M
YoY Change 290.16% -8.13% -456.58%
Income Tax $131.0M $116.0M -$388.0M
% Of Pretax Income 55.04% 78.91%
Net Earnings $96.00M $34.00M -$160.0M
YoY Change -9.43% -19.05% -21.95%
Net Earnings / Revenue 1.27% 0.46% -0.65%
Basic Earnings Per Share $0.29 -$0.49
Diluted Earnings Per Share $0.29 $0.10 -$0.49
COMMON SHARES
Basic Shares Outstanding 327.1M shares 328.0M shares
Diluted Shares Outstanding 328.0M shares 329.0M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $237.0M $422.0M $422.0M
YoY Change -85.23% -16.27% -16.27%
Cash & Equivalents $237.0M $422.0M $422.0M
Short-Term Investments
Other Short-Term Assets $1.067B $1.026B $3.500B
YoY Change -13.81% 1.89% 7.76%
Inventory $1.344B $1.505B $1.505B
Prepaid Expenses
Receivables $2.147B $2.585B $2.585B
Other Receivables $542.0M $731.0M $1.348B
Total Short-Term Assets $8.108B $9.360B $9.360B
YoY Change -7.52% 17.28% 17.28%
LONG-TERM ASSETS
Property, Plant & Equipment $20.07B $19.82B $20.37B
YoY Change 1.19% 1.07% 0.75%
Goodwill $47.00M
YoY Change
Intangibles
YoY Change
Long-Term Investments $223.0M $202.0M $202.0M
YoY Change 2.76% 16.09% 16.09%
Other Assets $1.977B $2.106B $16.98B
YoY Change -8.13% 22.66% -13.87%
Total Long-Term Assets $38.05B $37.55B $37.55B
YoY Change -0.08% -6.37% -6.37%
TOTAL ASSETS
Total Short-Term Assets $8.108B $9.360B $9.360B
Total Long-Term Assets $38.05B $37.55B $37.55B
Total Assets $46.16B $46.91B $46.91B
YoY Change -1.47% -2.45% -2.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.558B $2.828B $2.828B
YoY Change -15.65% 60.96% 60.96%
Accrued Expenses $743.0M $906.0M $973.0M
YoY Change -7.47% 22.93% 20.27%
Deferred Revenue
YoY Change
Short-Term Debt $705.0M $1.159B $1.159B
YoY Change 252.5% -44.33% -44.33%
Long-Term Debt Due $161.0M $143.0M $143.0M
YoY Change -15.71% -88.28% -88.28%
Total Short-Term Liabilities $5.947B $7.839B $7.839B
YoY Change -7.57% -1.96% -1.96%
LONG-TERM LIABILITIES
Long-Term Debt $5.763B $4.466B $4.466B
YoY Change 26.72% -2.38% -8.75%
Other Long-Term Liabilities $1.258B $1.178B $20.20B
YoY Change -3.23% 3.97% 1.62%
Total Long-Term Liabilities $7.021B $5.644B $24.67B
YoY Change 20.06% -1.12% -0.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.947B $7.839B $7.839B
Total Long-Term Liabilities $7.021B $5.644B $24.67B
Total Liabilities $35.07B $35.54B $35.89B
YoY Change -0.76% -2.56% -2.65%
SHAREHOLDERS EQUITY
Retained Earnings -$493.0M -$496.0M
YoY Change 441.76%
Common Stock $13.03B $13.27B
YoY Change -1.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.73B $11.02B $11.02B
YoY Change
Total Liabilities & Shareholders Equity $46.16B $46.91B $46.91B
YoY Change -1.47% -2.45% -2.45%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $96.00M $34.00M -$160.0M
YoY Change -9.43% -19.05% -21.95%
Depreciation, Depletion And Amortization $262.0M $617.0M $1.065B
YoY Change -2.96% 4.75% -76.54%
Cash From Operating Activities -$934.0M -$2.422B -$2.353B
YoY Change -169.13% 4.76% 75.86%
INVESTING ACTIVITIES
Capital Expenditures $660.0M $599.0M $1.689B
YoY Change 60.98% -346.5% -227.09%
Acquisitions $17.00M $29.00M
YoY Change -3.33%
Other Investing Activities $18.00M $1.832B $2.000M
YoY Change 350.0% 106.77% -99.96%
Cash From Investing Activities $219.0M $1.233B $3.104B
YoY Change -45.79% 91.76% -5.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $30.00M $1.162B
YoY Change -97.16% 1006.67%
Cash From Financing Activities $523.0M 414.0M -$799.0M
YoY Change -182.36% 83.19% -52.86%
NET CHANGE
Cash From Operating Activities -$934.0M -2.422B -$2.353B
Cash From Investing Activities $219.0M 1.233B $3.104B
Cash From Financing Activities $523.0M 414.0M -$799.0M
Net Change In Cash -$192.0M -775.0M -$48.00M
YoY Change -117.14% -46.29% -119.28%
FREE CASH FLOW
Cash From Operating Activities -$934.0M -$2.422B -$2.353B
Capital Expenditures $660.0M $599.0M $1.689B
Free Cash Flow -$1.594B -$3.021B -$4.042B
YoY Change -269.39% 46.01% 44811.11%

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