2024 Q1 Form 10-Q Financial Statement

#000162828024020628 Filed on May 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q1
Revenue $4.818B
YoY Change -9.81%
Cost Of Revenue $3.195B
YoY Change -11.52%
Gross Profit $1.623B
YoY Change -6.24%
Gross Profit Margin 33.69%
Selling, General & Admin $411.0M
YoY Change -6.16%
% of Gross Profit 25.32%
Research & Development $228.0M
YoY Change -1.3%
% of Gross Profit 14.05%
Depreciation & Amortization $148.0M
YoY Change -2.63%
% of Gross Profit 9.12%
Operating Expenses $639.0M
YoY Change -4.48%
Operating Profit $984.0M
YoY Change -7.34%
Interest Expense $394.0M
YoY Change 44.85%
% of Operating Profit 40.04%
Other Income/Expense, Net -$157.0M
YoY Change
Pretax Income $479.0M
YoY Change -27.31%
Income Tax $77.00M
% Of Pretax Income 16.08%
Net Earnings $401.0M
YoY Change -16.8%
Net Earnings / Revenue 8.32%
Basic Earnings Per Share $0.32
Diluted Earnings Per Share $0.31
COMMON SHARES
Basic Shares Outstanding 1.256B shares
Diluted Shares Outstanding 1.274B shares

Balance Sheet

Concept 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.236B
YoY Change
Cash & Equivalents $3.236B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $6.189B
Prepaid Expenses
Receivables $155.0M
Other Receivables $230.0M
Total Short-Term Assets $9.655B
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.903B
YoY Change 20.9%
Goodwill $3.603B
YoY Change 2.53%
Intangibles $1.265B
YoY Change 5.5%
Long-Term Investments $504.0M
YoY Change 65.79%
Other Assets $723.0M
YoY Change
Total Long-Term Assets $36.07B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $9.655B
Total Long-Term Assets $36.07B
Total Assets $45.73B
YoY Change 12.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.225B
YoY Change
Accrued Expenses $1.321B
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.934B
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $27.78B
YoY Change
Other Long-Term Liabilities $4.806B
YoY Change
Total Long-Term Liabilities $27.78B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $9.934B
Total Long-Term Liabilities $27.78B
Total Liabilities $37.71B
YoY Change 13.89%
SHAREHOLDERS EQUITY
Retained Earnings $10.15B
YoY Change 21.02%
Common Stock $1.440B
YoY Change -7.28%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.276B
YoY Change 323.92%
Treasury Stock Shares
Shareholders Equity $7.955B
YoY Change
Total Liabilities & Shareholders Equity $45.73B
YoY Change 12.72%

Cashflow Statement

Concept 2024 Q1
OPERATING ACTIVITIES
Net Income $401.0M
YoY Change -16.8%
Depreciation, Depletion And Amortization $148.0M
YoY Change -2.63%
Cash From Operating Activities -$894.0M
YoY Change 27.53%
INVESTING ACTIVITIES
Capital Expenditures $202.0M
YoY Change 46.38%
Acquisitions
YoY Change
Other Investing Activities -$76.00M
YoY Change -123.24%
Cash From Investing Activities -$419.0M
YoY Change -44.06%
FINANCING ACTIVITIES
Cash Dividend Paid $1.000M
YoY Change 0.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $3.357B
YoY Change 222.79%
Cash From Financing Activities $319.0M
YoY Change 5.28%
NET CHANGE
Cash From Operating Activities -$894.0M
Cash From Investing Activities -$419.0M
Cash From Financing Activities $319.0M
Net Change In Cash -$1.086B
YoY Change -3.38%
FREE CASH FLOW
Cash From Operating Activities -$894.0M
Capital Expenditures $202.0M
Free Cash Flow -$1.096B
YoY Change 30.63%

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