2023 Q1 Form 10-Q Financial Statement

#000082327723000006 Filed on January 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4
Revenue $11.31B $12.77B
YoY Change 9.43% 17.32%
Cost Of Revenue $10.92B $11.89B
YoY Change 8.54% 14.73%
Gross Profit $384.3M $879.1M
YoY Change 42.85% 69.09%
Gross Profit Margin 3.4% 6.89%
Selling, General & Admin $241.9M $234.7M
YoY Change -0.98% 14.51%
% of Gross Profit 62.96% 26.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $134.5M $131.4M
YoY Change 1.58% -1.04%
% of Gross Profit 35.0% 14.95%
Operating Expenses $241.9M $234.7M
YoY Change -0.98% 14.51%
Operating Profit $142.3M $644.5M
YoY Change 476.91% 104.61%
Interest Expense $35.97M $33.25M
YoY Change 42.87% 41.9%
% of Operating Profit 25.27% 5.16%
Other Income/Expense, Net $28.31M $24.29M
YoY Change 1915.16% 2.16%
Pretax Income $313.0M $817.5M
YoY Change 35.61% 75.17%
Income Tax $20.97M $34.55M
% Of Pretax Income 6.7% 4.23%
Net Earnings $292.3M $782.6M
YoY Change 33.48% 73.16%
Net Earnings / Revenue 2.59% 6.13%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 0.000 shares 0.000 shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $462.2M $636.3M
YoY Change 118.09% 105.26%
Cash & Equivalents $462.2M $636.3M
Short-Term Investments
Other Short-Term Assets $1.690B $1.482B
YoY Change -23.7% -1.15%
Inventory $4.858B $5.070B
Prepaid Expenses
Receivables $2.677B $3.246B
Other Receivables $934.1M $1.030B
Total Short-Term Assets $10.62B $11.46B
YoY Change -5.39% 14.68%
LONG-TERM ASSETS
Property, Plant & Equipment $4.735B $4.729B
YoY Change 0.89% -0.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.791B $3.891B
YoY Change 0.05% 2.13%
Other Assets $1.023B $989.2M
YoY Change -1.45% -7.56%
Total Long-Term Assets $9.549B $9.609B
YoY Change 0.3% -0.1%
TOTAL ASSETS
Total Short-Term Assets $10.62B $11.46B
Total Long-Term Assets $9.549B $9.609B
Total Assets $20.17B $21.07B
YoY Change -2.78% 7.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.044B $4.605B
YoY Change -4.71% 9.13%
Accrued Expenses $665.5M $666.6M
YoY Change 18.46% 40.12%
Deferred Revenue $969.2M $367.1M
YoY Change -11.89% -12.49%
Short-Term Debt $1.093B $773.4M
YoY Change -59.33% -59.41%
Long-Term Debt Due $137.5M $289.9M
YoY Change 1343.66% 656.04%
Total Short-Term Liabilities $7.462B $8.488B
YoY Change -15.3% 4.72%
LONG-TERM LIABILITIES
Long-Term Debt $1.817B $1.668B
YoY Change -7.09% 5.8%
Other Long-Term Liabilities $1.063B $1.188B
YoY Change 73.29% 74.09%
Total Long-Term Liabilities $2.879B $2.856B
YoY Change 12.11% 26.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.462B $8.488B
Total Long-Term Liabilities $2.879B $2.856B
Total Liabilities $10.34B $11.34B
YoY Change -9.11% 9.45%
SHAREHOLDERS EQUITY
Retained Earnings $2.711B $2.545B
YoY Change 23.41% 24.56%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.824B $9.723B
YoY Change
Total Liabilities & Shareholders Equity $20.17B $21.07B
YoY Change -2.78% 7.43%

Cashflow Statement

Concept 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income $292.3M $782.6M
YoY Change 33.48% 73.16%
Depreciation, Depletion And Amortization $134.5M $131.4M
YoY Change 1.58% -1.04%
Cash From Operating Activities $196.8M -$180.2M
YoY Change -117.57% -1.85%
INVESTING ACTIVITIES
Capital Expenditures $113.7M $122.6M
YoY Change -303.0% 63.73%
Acquisitions
YoY Change
Other Investing Activities -$209.1M $156.0K
YoY Change 336.15% -92.25%
Cash From Investing Activities -$322.8M -$110.7M
YoY Change 210.53% 112.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -26.46M $130.0M
YoY Change -102.55% -16.69%
NET CHANGE
Cash From Operating Activities 196.8M -$180.2M
Cash From Investing Activities -322.8M -$110.7M
Cash From Financing Activities -26.46M $130.0M
Net Change In Cash -152.5M -$159.5M
YoY Change -19.0% 91.44%
FREE CASH FLOW
Cash From Operating Activities $196.8M -$180.2M
Capital Expenditures $113.7M $122.6M
Free Cash Flow $83.07M -$302.8M
YoY Change -107.81% 17.15%

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Investments
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CY2022Q4 dei Document Period End Date
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CY2022Q4 dei Document Period End Date
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CY2022Q4 us-gaap Finance Lease Liability
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CY2022Q4 us-gaap Long Term Debt Current
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CY2022Q4 us-gaap Long Term Debt
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CY2022Q3 us-gaap Long Term Debt
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CY2021Q4 us-gaap Interest Costs Capitalized Adjustment
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CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2022Q4 dei Document Period End Date
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CY2022Q4 chscp Patronage Refunds Estimated
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q4 us-gaap Operating Income Loss
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24289000 usd
CY2022Q4 us-gaap Income Loss From Equity Method Investments
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181962000 usd
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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817470000 usd
CY2022Q4 us-gaap Assets
Assets
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CY2021Q4 chscp Revenue From Contract With Customer Netof Intersegment Revenue Excluding Assessed Tax
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CY2021Q4 us-gaap Operating Income Loss
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314974000 usd
CY2021Q4 us-gaap Interest Expense
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23432000 usd
CY2021Q4 us-gaap Other Nonoperating Income
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CY2021Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
151345000 usd
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
466663000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
366831000 usd
CY2022Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
15164000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
351667000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
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239613000 usd
CY2022Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
1442000 usd
CY2022Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
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17237000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
220934000 usd
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
517090000 usd
CY2022Q3 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
12735000 usd
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
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CY2022Q3 us-gaap Derivative Fair Value Of Derivative Liability
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CY2022Q3 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
1424000 usd
CY2022Q3 us-gaap Derivative Liability Not Offset Policy Election Deduction
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21475000 usd
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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368041000 usd
CY2022Q4 dei Document Period End Date
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CY2022Q4 chscp Derivative Asset Noncurrent Excluding Fair Value Hedges
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4700000 usd
CY2022Q3 chscp Derivative Asset Noncurrent Excluding Fair Value Hedges
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CY2022Q4 dei Document Period End Date
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CY2022Q4 us-gaap Derivative Liabilities Noncurrent
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CY2022Q4 dei Document Period End Date
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CY2022Q4 us-gaap Derivative Assets Current
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374489000 usd
CY2022Q4 dei Document Period End Date
DocumentPeriodEndDate
2022-11-30
CY2022Q4 dei Document Period End Date
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2022-11-30
CY2022Q4 chscp Maximum Guarantees Allowedby Bank Covenants
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1000000000 usd
CY2022Q4 us-gaap Guarantee Obligations Maximum Exposure
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116000000 usd
CY2022Q4 dei Document Period End Date
DocumentPeriodEndDate
2022-11-30
CY2022Q4 dei Document Period End Date
DocumentPeriodEndDate
2022-11-30
CY2022Q4 dei Document Period End Date
DocumentPeriodEndDate
2022-11-30
CY2022Q3 us-gaap Derivative Assets Current
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CY2022Q4 us-gaap Margin Deposit Assets
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CY2022Q3 us-gaap Margin Deposit Assets
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390782000 usd
CY2022Q4 us-gaap Advances On Inventory Purchases
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521504000 usd
CY2022Q3 us-gaap Advances On Inventory Purchases
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198753000 usd
CY2022Q4 us-gaap Restricted Cash Current
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CY2022Q3 us-gaap Restricted Cash Current
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CY2022Q4 us-gaap Other Assets
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CY2022Q3 us-gaap Other Assets
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CY2022Q4 us-gaap Other Assets Current
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1481592000 usd
CY2022Q3 us-gaap Other Assets Current
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1382704000 usd
CY2022Q4 chscp Customer Margin Deposits And Credit Balances
CustomerMarginDepositsAndCreditBalances
231471000 usd
CY2022Q3 chscp Customer Margin Deposits And Credit Balances
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CY2022Q4 chscp Customer Advancepayments
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CY2022Q4 us-gaap Derivative Liabilities Current
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398781000 usd
CY2022Q4 chscp Dividends And Equities Payable
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1029227000 usd
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CY2022Q4 us-gaap Other Liabilities Current
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CY2022Q4 dei Document Period End Date
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2022-11-30
CY2022Q4 dei Document Period End Date
DocumentPeriodEndDate
2022-11-30
CY2022Q4 dei Document Period End Date
DocumentPeriodEndDate
2022-11-30

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