2023 Q2 Form 10-Q Financial Statement
#000082327723000023 Filed on April 05, 2023
Income Statement
| Concept | 2023 Q2 | 2023 Q1 |
|---|---|---|
| Revenue | $12.03B | $11.31B |
| YoY Change | -8.46% | 9.43% |
| Cost Of Revenue | $11.35B | $10.92B |
| YoY Change | -9.14% | 8.54% |
| Gross Profit | $674.3M | $384.3M |
| YoY Change | 4.67% | 42.85% |
| Gross Profit Margin | 5.61% | 3.4% |
| Selling, General & Admin | $273.2M | $241.9M |
| YoY Change | 12.38% | -0.98% |
| % of Gross Profit | 40.52% | 62.96% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $134.6M | $134.5M |
| YoY Change | 0.15% | 1.58% |
| % of Gross Profit | 19.96% | 35.0% |
| Operating Expenses | $273.2M | $241.9M |
| YoY Change | 12.38% | -0.98% |
| Operating Profit | $401.1M | $142.3M |
| YoY Change | 0.0% | 476.91% |
| Interest Expense | $36.95M | $35.97M |
| YoY Change | 15.11% | 42.87% |
| % of Operating Profit | 9.21% | 25.27% |
| Other Income/Expense, Net | $31.00M | $28.31M |
| YoY Change | 367.15% | 1915.16% |
| Pretax Income | $558.1M | $313.0M |
| YoY Change | -12.62% | 35.61% |
| Income Tax | $10.78M | $20.97M |
| % Of Pretax Income | 1.93% | 6.7% |
| Net Earnings | $547.5M | $292.3M |
| YoY Change | -5.04% | 33.48% |
| Net Earnings / Revenue | 4.55% | 2.59% |
| 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 Q2 | 2023 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $997.0M | $462.2M |
| YoY Change | 170.0% | 118.09% |
| Cash & Equivalents | $997.3M | $462.2M |
| Short-Term Investments | ||
| Other Short-Term Assets | $1.269B | $1.690B |
| YoY Change | -38.44% | -23.7% |
| Inventory | $3.281B | $4.858B |
| Prepaid Expenses | ||
| Receivables | $2.790B | $2.677B |
| Other Receivables | $1.049B | $934.1M |
| Total Short-Term Assets | $9.386B | $10.62B |
| YoY Change | -14.48% | -5.39% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $4.757B | $4.735B |
| YoY Change | 1.53% | 0.89% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $3.906B | $3.791B |
| YoY Change | -2.91% | 0.05% |
| Other Assets | $1.145B | $1.023B |
| YoY Change | 11.76% | -1.45% |
| Total Long-Term Assets | $9.808B | $9.549B |
| YoY Change | 0.77% | 0.3% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $9.386B | $10.62B |
| Total Long-Term Assets | $9.808B | $9.549B |
| Total Assets | $19.19B | $20.17B |
| YoY Change | -7.31% | -2.78% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $3.146B | $3.044B |
| YoY Change | -6.74% | -4.71% |
| Accrued Expenses | $863.3M | $665.5M |
| YoY Change | 8.41% | 18.46% |
| Deferred Revenue | $318.0M | $969.2M |
| YoY Change | -41.63% | -11.89% |
| Short-Term Debt | $606.0M | $1.093B |
| YoY Change | -70.13% | -59.33% |
| Long-Term Debt Due | $137.4M | $137.5M |
| YoY Change | -14.82% | 1343.66% |
| Total Short-Term Liabilities | $6.621B | $7.462B |
| YoY Change | -22.6% | -15.3% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.815B | $1.817B |
| YoY Change | 0.78% | -7.09% |
| Other Long-Term Liabilities | $675.2M | $1.063B |
| YoY Change | 10.2% | 73.29% |
| Total Long-Term Liabilities | $2.490B | $2.879B |
| YoY Change | 3.17% | 12.11% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $6.621B | $7.462B |
| Total Long-Term Liabilities | $2.490B | $2.879B |
| Total Liabilities | $9.111B | $10.34B |
| YoY Change | -16.93% | -9.11% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $3.109B | $2.711B |
| YoY Change | 14.71% | 23.41% |
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $10.08B | $9.824B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $19.19B | $20.17B |
| YoY Change | -7.31% | -2.78% |
Cashflow Statement
| Concept | 2023 Q2 | 2023 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $547.5M | $292.3M |
| YoY Change | -5.04% | 33.48% |
| Depreciation, Depletion And Amortization | $134.6M | $134.5M |
| YoY Change | 0.15% | 1.58% |
| Cash From Operating Activities | $1.953B | $196.8M |
| YoY Change | 50.66% | -117.57% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $137.9M | $113.7M |
| YoY Change | -280.09% | -303.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$79.70M | -$209.1M |
| YoY Change | -25.64% | 336.15% |
| Cash From Investing Activities | -$217.6M | -$322.8M |
| YoY Change | 18.42% | 210.53% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -1.251B | -26.46M |
| YoY Change | 49.66% | -102.55% |
| NET CHANGE | ||
| Cash From Operating Activities | 1.953B | 196.8M |
| Cash From Investing Activities | -217.6M | -322.8M |
| Cash From Financing Activities | -1.251B | -26.46M |
| Net Change In Cash | 484.8M | -152.5M |
| YoY Change | 75.06% | -19.0% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $1.953B | $196.8M |
| Capital Expenditures | $137.9M | $113.7M |
| Free Cash Flow | $1.815B | $83.07M |
| YoY Change | 32.21% | -107.81% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q1 | us-gaap |
Finance Lease Liability Statement Of Financial Position Extensible List
FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList
|
||
| CY2022Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
1958814000 | usd |
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-02-28 | ||
| CY2023Q1 | us-gaap |
Principal Amount Outstanding Of Loans Held In Portfolio
PrincipalAmountOutstandingOfLoansHeldInPortfolio
|
833700000 | usd |
| CY2023Q1 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.0568 | |
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-02-28 | ||
| CY2022Q3 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
44773000 | usd |
| CY2022Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
3535000 | usd |
| CY2022Q3 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
6576000 | usd |
| CY2022Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
290605000 | usd |
| CY2022Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
1668209000 | usd |
| CY2022Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
25200000 | usd |
| us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
48600000 | usd | |
| us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
3800000 | usd | |
| CY2022Q3 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
115100000 | usd |
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-02-28 | ||
| CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9728845000 | usd |
| CY2023Q1 | chscp |
Reversalofprioryearpatronageandredemptionestimates
Reversalofprioryearpatronageandredemptionestimates
|
385444000 | usd |
| CY2023Q1 | chscp |
Patronagerefund
Patronagerefund
|
381890000 | usd |
| CY2023Q1 | chscp |
Equity Certificates Repurchased And Retired During Period Value
EquityCertificatesRepurchasedAndRetiredDuringPeriodValue
|
-4805000 | usd |
| CY2023Q1 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
42167000 | usd |
| CY2023Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
-210000 | usd |
| CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
292048000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
11790000 | usd |
| CY2023Q1 | chscp |
Patronage Refunds Estimated
PatronageRefundsEstimated
|
80078000 | usd |
| CY2023Q1 | chscp |
Equity Redemptions Estimate
EquityRedemptionsEstimate
|
-80078000 | usd |
| CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9829319000 | usd |
| CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9249926000 | usd |
| CY2022Q1 | chscp |
Reversalofprioryearpatronageandredemptionestimates
Reversalofprioryearpatronageandredemptionestimates
|
35094000 | usd |
| CY2022Q1 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
42167000 | usd |
| CY2022Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9461266000 | usd |
| chscp |
Reversalofprioryearpatronageandredemptionestimates
Reversalofprioryearpatronageandredemptionestimates
|
398385000 | usd | |
| chscp |
Patronagerefund
Patronagerefund
|
381890000 | usd | |
| chscp |
Equity Certificates Repurchased And Retired During Period Value
EquityCertificatesRepurchasedAndRetiredDuringPeriodValue
|
-17746000 | usd | |
| us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
126501000 | usd | |
| chscp |
Patronagerefund
Patronagerefund
|
30043000 | usd | |
| chscp |
Equity Certificates Repurchased And Retired During Period Value
EquityCertificatesRepurchasedAndRetiredDuringPeriodValue
|
-17485000 | usd | |
| us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
126501000 | usd | |
| us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
1072000 | usd | |
| us-gaap |
Profit Loss
ProfitLoss
|
670839000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-5464000 | usd | |
| chscp |
Patronage Refunds Estimated
PatronageRefundsEstimated
|
62157000 | usd | |
| chscp |
Equity Redemptions Estimate
EquityRedemptionsEstimate
|
-124314000 | usd | |
| CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9368444000 | usd |
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-02-28 | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-02-28 | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-02-28 | ||
| CY2023Q1 | chscp |
Maximum Guarantees Allowedby Bank Covenants
MaximumGuaranteesAllowedbyBankCovenants
|
1000000000 | usd |
| CY2023Q1 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
124400000 | usd |
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-02-28 | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-02-28 | ||
| CY2023Q1 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
453455000 | usd |
| CY2022Q3 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
535698000 | usd |
| CY2023Q1 | us-gaap |
Margin Deposit Assets
MarginDepositAssets
|
348448000 | usd |
| CY2022Q3 | us-gaap |
Margin Deposit Assets
MarginDepositAssets
|
390782000 | usd |
| CY2023Q1 | us-gaap |
Advances On Inventory Purchases
AdvancesOnInventoryPurchases
|
624293000 | usd |
| CY2022Q3 | us-gaap |
Advances On Inventory Purchases
AdvancesOnInventoryPurchases
|
198753000 | usd |
| CY2023Q1 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
127634000 | usd |
| CY2022Q3 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
109517000 | usd |
| CY2023Q1 | us-gaap |
Other Assets
OtherAssets
|
136603000 | usd |
| CY2022Q3 | us-gaap |
Other Assets
OtherAssets
|
147954000 | usd |
| CY2023Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
1690433000 | usd |
| CY2022Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
1382704000 | usd |
| CY2023Q1 | chscp |
Customer Margin Deposits And Credit Balances
CustomerMarginDepositsAndCreditBalances
|
231219000 | usd |
| CY2022Q3 | chscp |
Customer Margin Deposits And Credit Balances
CustomerMarginDepositsAndCreditBalances
|
283234000 | usd |
| CY2023Q1 | chscp |
Customer Advancepayments
CustomerAdvancepayments
|
1126830000 | usd |
| CY2022Q3 | chscp |
Customer Advancepayments
CustomerAdvancepayments
|
525003000 | usd |
| CY2023Q1 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
297679000 | usd |
| CY2022Q3 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
398781000 | usd |
| CY2023Q1 | chscp |
Dividends And Equities Payable
DividendsAndEquitiesPayable
|
866267000 | usd |
| CY2022Q3 | chscp |
Dividends And Equities Payable
DividendsAndEquitiesPayable
|
1000000000 | usd |
| CY2023Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
2521995000 | usd |
| CY2022Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
2207018000 | usd |
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-02-28 | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-02-28 | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-02-28 |
