2024 Q4 Form 10-K Financial Statement

#000114085924000177 Filed on November 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024
Revenue $79.05B $294.0B
YoY Change 14.7% 12.12%
Cost Of Revenue $76.56B $284.0B
YoY Change 14.76% 12.18%
Gross Profit $2.492B $9.910B
YoY Change 12.73% 10.61%
Gross Profit Margin 3.15% 3.37%
Selling, General & Admin $1.490B $5.661B
YoY Change 6.91% 6.61%
% of Gross Profit 59.8% 57.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $277.0M $1.092B
YoY Change -2.35% 13.29%
% of Gross Profit 11.12% 11.02%
Operating Expenses $1.767B $6.753B
YoY Change 5.89% 27.18%
Operating Profit $725.0M $3.157B
YoY Change 33.77% 34.87%
Interest Expense -$20.97M -$157.0M
YoY Change -65.62% -31.42%
% of Operating Profit -2.89% -4.97%
Other Income/Expense, Net $19.51M -$14.28M
YoY Change -34.98% -129.13%
Pretax Income $125.2M $2.004B
YoY Change -71.93% -7.26%
Income Tax $117.7M $484.7M
% Of Pretax Income 94.04% 24.19%
Net Earnings $3.382M $1.509B
YoY Change -99.04% -13.53%
Net Earnings / Revenue 0.0% 0.51%
Basic Earnings Per Share $7.60
Diluted Earnings Per Share $0.02 $7.54
COMMON SHARES
Basic Shares Outstanding 193.3M shares 197.0M shares 198.5M shares
Diluted Shares Outstanding 200.3M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.133B $3.133B
YoY Change 20.86% 20.86%
Cash & Equivalents $3.133B $3.133B
Short-Term Investments
Other Short-Term Assets $538.6M $538.6M
YoY Change 19.97% 19.97%
Inventory $19.00B $19.00B
Prepaid Expenses
Receivables $25.05B $25.05B
Other Receivables $0.00 $0.00
Total Short-Term Assets $47.72B $47.72B
YoY Change 11.49% 11.49%
LONG-TERM ASSETS
Property, Plant & Equipment $2.181B $2.181B
YoY Change 2.17% -30.86%
Goodwill $9.318B
YoY Change -2.67%
Intangibles $4.001B
YoY Change -9.72%
Long-Term Investments
YoY Change
Other Assets $3.883B $3.883B
YoY Change 13.61% 49.42%
Total Long-Term Assets $19.38B $19.38B
YoY Change -1.9% -1.9%
TOTAL ASSETS
Total Short-Term Assets $47.72B $47.72B
Total Long-Term Assets $19.38B $19.38B
Total Assets $67.10B $67.10B
YoY Change 7.26% 7.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $50.94B $50.94B
YoY Change 11.14% 11.14%
Accrued Expenses $2.759B $2.759B
YoY Change 17.2% 17.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $576.3M $576.3M
YoY Change -10.09% -10.09%
Total Short-Term Liabilities $54.28B $54.28B
YoY Change 11.15% 11.15%
LONG-TERM LIABILITIES
Long-Term Debt $3.812B $3.812B
YoY Change -8.06% -8.06%
Other Long-Term Liabilities $6.582B $6.582B
YoY Change 249.25% -9.3%
Total Long-Term Liabilities $10.39B $10.39B
YoY Change 72.35% -8.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $54.28B $54.28B
Total Long-Term Liabilities $10.39B $10.39B
Total Liabilities $66.31B $66.31B
YoY Change 20.88% 6.9%
SHAREHOLDERS EQUITY
Retained Earnings $5.417B
YoY Change 25.28%
Common Stock $6.034B
YoY Change 3.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $786.7M $786.7M
YoY Change
Total Liabilities & Shareholders Equity $67.10B $67.10B
YoY Change 7.26% 7.26%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024
OPERATING ACTIVITIES
Net Income $3.382M $1.509B
YoY Change -99.04% -13.53%
Depreciation, Depletion And Amortization $277.0M $1.092B
YoY Change -2.35% 13.29%
Cash From Operating Activities $1.000B $3.485B
YoY Change -45.24% -10.91%
INVESTING ACTIVITIES
Capital Expenditures $182.3M $487.2M
YoY Change 3.89% 6.29%
Acquisitions $69.77M
YoY Change -95.05%
Other Investing Activities -$59.56M -$130.9M
YoY Change 653.94% 1354.05%
Cash From Investing Activities -$241.9M -$618.1M
YoY Change 31.82% -76.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$1.454B
YoY Change -223.1%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -957.3M -2.331B
YoY Change 135.2% 4.89%
NET CHANGE
Cash From Operating Activities 1.000B 3.485B
Cash From Investing Activities -241.9M -618.1M
Cash From Financing Activities -957.3M -2.331B
Net Change In Cash -198.8M 535.6M
YoY Change -116.08% -163.71%
FREE CASH FLOW
Cash From Operating Activities $1.000B $3.485B
Capital Expenditures $182.3M $487.2M
Free Cash Flow $818.1M $2.998B
YoY Change -50.46% -13.19%

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CY2023 cor Disposal Group Including Discontinued Operation Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2024 us-gaap Use Of Estimates
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<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect amounts reported in the financial statements and accompanying notes. Actual amounts could differ from these estimated amounts due to uncertainties inherent in such estimates. Management periodically evaluates estimates used in the preparation of the financial statements for continued reasonableness.</span></div>
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CY2024Q3 cor Lessee Operating Lease Lease Not Yet Commenced Undiscounted Amount
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