2023 Q1 Form 10-K Financial Statement

#000116316523000006 Filed on February 16, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $14.81B $18.56B $78.49B
YoY Change -16.61% 22.74% 62.35%
Cost Of Revenue $6.138B $10.62B $40.98B
YoY Change -9.08% 32.37% 125.67%
Gross Profit $8.673B $7.938B $37.52B
YoY Change -21.23% 11.85% 24.27%
Gross Profit Margin 58.56% 42.77% 47.8%
Selling, General & Admin $159.0M $879.0M $3.987B
YoY Change -14.97% 37.34% 85.87%
% of Gross Profit 1.83% 11.07% 10.63%
Research & Development $119.0M $263.0M $564.0M
YoY Change 88.89% 110.4% 809.68%
% of Gross Profit 1.37% 3.31% 1.5%
Depreciation & Amortization $1.942B $1.999B $7.504B
YoY Change 6.53% 12.11% 4.11%
% of Gross Profit 22.39% 25.18% 20.0%
Operating Expenses $159.0M $3.112B $11.75B
YoY Change -14.97% 6.83% 18858.06%
Operating Profit $8.514B $4.826B $25.76B
YoY Change -21.34% 15.34% -14.49%
Interest Expense $355.0M $353.0M $1.376B
YoY Change 91.89% -43.79% 31.93%
% of Operating Profit 4.17% 7.31% 5.34%
Other Income/Expense, Net -$10.00M $47.00M
YoY Change -107.35% -96.09%
Pretax Income $4.562B $5.235B $28.23B
YoY Change -42.24% 20.73% 122.06%
Income Tax $1.642B $1.986B $9.548B
% Of Pretax Income 35.99% 37.94% 33.82%
Net Earnings $2.920B $3.249B $18.68B
YoY Change -49.3% 23.68% 131.22%
Net Earnings / Revenue 19.72% 17.51% 23.8%
Basic Earnings Per Share $2.38 $14.62
Diluted Earnings Per Share $2.38 $2.614M $14.61M
COMMON SHARES
Basic Shares Outstanding 1.219B shares 1.274B shares
Diluted Shares Outstanding 1.223B shares 1.278B shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.609B $9.243B $9.243B
YoY Change 20.51% 68.85% 68.85%
Cash & Equivalents $6.974B $6.458B $6.458B
Short-Term Investments $1.635B $2.785B $2.785B
Other Short-Term Assets $953.0M $1.199B $1.199B
YoY Change -31.39% -55.56% -55.56%
Inventory $1.258B $1.219B $1.219B
Prepaid Expenses
Receivables $5.296B $7.088B $7.088B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.12B $18.75B $18.75B
YoY Change -8.36% 16.82% 16.82%
LONG-TERM ASSETS
Property, Plant & Equipment $65.09B $64.87B $64.87B
YoY Change 0.69% -0.07% -1.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.800B $8.225B $8.225B
YoY Change -14.71% 22.74% 17.25%
Other Assets $2.038B $1.989B $1.989B
YoY Change -26.45% -23.12% 2.63%
Total Long-Term Assets $75.33B $75.08B $75.08B
YoY Change -0.52% 0.63% 0.63%
TOTAL ASSETS
Total Short-Term Assets $16.12B $18.75B $18.75B
Total Long-Term Assets $75.33B $75.08B $75.08B
Total Assets $91.44B $93.83B $93.83B
YoY Change -2.0% 3.49% 3.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.078B $6.163B $6.163B
YoY Change 4.16% 23.21% 22.65%
Accrued Expenses $2.289B $3.074B $3.074B
YoY Change -4.82% 4.77% 4.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.317B $417.0M $417.0M
YoY Change 13.53% -65.25% -65.25%
Total Short-Term Liabilities $11.55B $12.85B $12.85B
YoY Change -0.61% 6.87% 6.87%
LONG-TERM LIABILITIES
Long-Term Debt $15.27B $16.23B $16.23B
YoY Change -13.19% -13.39% -13.39%
Other Long-Term Liabilities $8.912B $9.027B $9.027B
YoY Change 7.06% 8.48% 8.48%
Total Long-Term Liabilities $24.18B $25.25B $25.25B
YoY Change -6.68% -6.66% -6.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.55B $12.85B $12.85B
Total Long-Term Liabilities $24.18B $25.25B $25.25B
Total Liabilities $43.66B $45.83B $45.83B
YoY Change -0.98% 1.26% 1.26%
SHAREHOLDERS EQUITY
Retained Earnings $54.59B $53.03B
YoY Change 20.14% 30.38%
Common Stock $61.12B $61.16B
YoY Change 0.32% 0.93%
Preferred Stock
YoY Change
Treasury Stock (at cost) $61.90B $60.19B
YoY Change 18.26% 18.2%
Treasury Stock Shares 877.0M shares
Shareholders Equity $47.78B $48.00B $48.00B
YoY Change
Total Liabilities & Shareholders Equity $91.44B $93.83B $93.83B
YoY Change -2.0% 3.49% 3.49%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $2.920B $3.249B $18.68B
YoY Change -49.3% 23.68% 131.22%
Depreciation, Depletion And Amortization $1.942B $1.999B $7.504B
YoY Change 6.53% 12.11% 4.11%
Cash From Operating Activities $5.403B $6.592B $28.31B
YoY Change 6.61% 12.34% 66.59%
INVESTING ACTIVITIES
Capital Expenditures $2.897B -$2.533B -$10.16B
YoY Change -191.65% 62.68% 90.82%
Acquisitions $0.00 $60.00M
YoY Change -100.0% -99.28%
Other Investing Activities $12.00M -$401.0M $1.418B
YoY Change -146.15% -94.3% -1729.89%
Cash From Investing Activities -$1.448B -$2.934B -$8.741B
YoY Change 136.99% -65.86% 2.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$2.729B -$8.908B
YoY Change -356.12%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$3.326B -5.508B -18.05B
YoY Change 6.02% 171.2% 184.97%
NET CHANGE
Cash From Operating Activities $5.403B 6.592B 28.31B
Cash From Investing Activities -$1.448B -2.934B -8.741B
Cash From Financing Activities -$3.326B -5.508B -18.05B
Net Change In Cash $525.0M -1.850B 1.520B
YoY Change -60.85% -61.12% -27.03%
FREE CASH FLOW
Cash From Operating Activities $5.403B $6.592B $28.31B
Capital Expenditures $2.897B -$2.533B -$10.16B
Free Cash Flow $2.506B $9.125B $38.47B
YoY Change -69.55% 22.9% 72.37%

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