2021 Q3 Form 10-Q Financial Statement

#000109166721000163 Filed on October 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q4 2020 Q3
Revenue $13.15B $12.62B $12.04B
YoY Change 9.2% 7.34% 5.14%
Cost Of Revenue $7.170B $5.837B $5.697B
YoY Change 25.86% 4.79% 1.14%
Gross Profit $5.976B $6.787B $6.342B
YoY Change -5.77% 9.63% 9.03%
Gross Profit Margin 45.46% 53.76% 52.68%
Selling, General & Admin $788.0M $846.0M $871.0M
YoY Change -9.53% 2.55% 0.81%
% of Gross Profit 13.19% 12.47% 13.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.270B $2.409B $2.370B
YoY Change -4.22% -2.11% -1.86%
% of Gross Profit 37.99% 35.49% 37.37%
Operating Expenses $7.958B $4.290B $7.483B
YoY Change 6.35% 2.14% 0.65%
Operating Profit $2.927B $2.462B $2.172B
YoY Change 34.76% 25.68% 36.95%
Interest Expense -$1.080B -$795.0M -$877.0M
YoY Change 23.15% -13.4% -12.04%
% of Operating Profit -36.9% -32.29% -40.38%
Other Income/Expense, Net -$157.0M $10.00M -$117.0M
YoY Change 34.19% -111.9% -88.22%
Pretax Income $1.754B $1.655B $1.109B
YoY Change 58.16% 77.58% 87.02%
Income Tax $347.0M $254.0M $177.0M
% Of Pretax Income 19.78% 15.35% 15.96%
Net Earnings $1.217B $1.246B $814.0M
YoY Change 49.51% 74.51% 110.34%
Net Earnings / Revenue 9.26% 9.87% 6.76%
Basic Earnings Per Share $6.69 $6.33 $4.01
Diluted Earnings Per Share $6.50 $6.05 $3.90
COMMON SHARES
Basic Shares Outstanding 181.9M shares 196.9M shares 202.8M shares
Diluted Shares Outstanding 187.2M shares 212.1M shares 208.7M shares

Balance Sheet

Concept 2021 Q3 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $466.0M $998.0M $1.283B
YoY Change -63.68% -71.35% 152.56%
Cash & Equivalents $466.0M $1.001B $1.283B
Short-Term Investments
Other Short-Term Assets $387.0M $707.0M $709.0M
YoY Change -45.42% -7.1% 18.96%
Inventory
Prepaid Expenses
Receivables $2.645B $2.539B $2.068B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.498B $3.909B $4.060B
YoY Change -13.84% -39.59% 19.83%
LONG-TERM ASSETS
Property, Plant & Equipment $34.18B $34.36B $34.20B
YoY Change -0.05% -0.68% -0.06%
Goodwill $29.55B $29.55B $29.55B
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $294.0M
YoY Change -4.85%
Other Assets $3.523B $3.449B $3.008B
YoY Change 17.12% 26.29% 83.75%
Total Long-Term Assets $139.0B $140.3B $140.1B
YoY Change -0.81% -1.0% -1.23%
TOTAL ASSETS
Total Short-Term Assets $3.498B $3.909B $4.060B
Total Long-Term Assets $139.0B $140.3B $140.1B
Total Assets $142.5B $144.2B $144.2B
YoY Change -1.18% -2.69% -0.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $686.0M $763.0M $728.0M
YoY Change -5.77% -2.93% 9.8%
Accrued Expenses $8.054B $7.668B $7.336B
YoY Change 9.79% 0.43% 0.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.996B $1.008B $1.715B
YoY Change 74.69% -71.2% -51.13%
Total Short-Term Liabilities $12.24B $9.875B $10.26B
YoY Change 19.32% -20.27% -14.4%
LONG-TERM LIABILITIES
Long-Term Debt $85.38B $81.74B $77.95B
YoY Change 9.53% 8.16% 9.18%
Other Long-Term Liabilities $4.376B $4.198B $4.349B
YoY Change 0.62% 13.37% 56.83%
Total Long-Term Liabilities $89.75B $85.94B $82.30B
YoY Change 9.06% 8.4% 10.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.24B $9.875B $10.26B
Total Long-Term Liabilities $89.75B $85.94B $82.30B
Total Liabilities $102.0B $95.82B $92.55B
YoY Change 10.2% 4.53% 7.44%
SHAREHOLDERS EQUITY
Retained Earnings -$2.151B -$5.195B $2.016B
YoY Change -206.7% -13087.5% -46.01%
Common Stock $30.02B $29.00B $31.76B
YoY Change -5.49% -7.66% -6.07%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.83B $0.00 $6.868B
YoY Change 57.75% 50.35%
Treasury Stock Shares 16.63M shares 0.000 shares 13.33M shares
Shareholders Equity $17.03B $23.81B $26.91B
YoY Change
Total Liabilities & Shareholders Equity $142.5B $144.2B $144.2B
YoY Change -1.18% -2.69% -0.74%

Cashflow Statement

Concept 2021 Q3 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income $1.217B $1.246B $814.0M
YoY Change 49.51% 74.51% 110.34%
Depreciation, Depletion And Amortization $2.270B $2.409B $2.370B
YoY Change -4.22% -2.11% -1.86%
Cash From Operating Activities $4.263B $4.149B $3.664B
YoY Change 16.35% 23.56% 24.5%
INVESTING ACTIVITIES
Capital Expenditures -$1.861B -$2.063B -$2.014B
YoY Change -7.6% -9.6% 21.99%
Acquisitions
YoY Change
Other Investing Activities $71.00M -$507.0M $28.00M
YoY Change 153.57% -218.46% -135.0%
Cash From Investing Activities -$1.790B -$2.570B -$1.986B
YoY Change -9.87% 38.62% 14.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.718B -1.864B -2.494B
YoY Change 49.08% -228.73% 70.7%
NET CHANGE
Cash From Operating Activities 4.263B 4.149B 3.664B
Cash From Investing Activities -1.790B -2.570B -1.986B
Cash From Financing Activities -3.718B -1.864B -2.494B
Net Change In Cash -1.245B -285.0M -816.0M
YoY Change 52.57% -109.65% 227.71%
FREE CASH FLOW
Cash From Operating Activities $4.263B $4.149B $3.664B
Capital Expenditures -$1.861B -$2.063B -$2.014B
Free Cash Flow $6.124B $6.212B $5.678B
YoY Change 7.85% 10.14% 23.6%

Facts In Submission

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