2024 Q4 Form 10-Q Financial Statement

#000162828024045944 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $10.52B $10.13B
YoY Change 3.82%
Cost Of Revenue $6.456B $6.365B
YoY Change 1.43%
Gross Profit $4.059B $3.763B
YoY Change 7.87%
Gross Profit Margin 38.6% 37.15%
Selling, General & Admin $2.184B $1.990B
YoY Change 9.75%
% of Gross Profit 53.81% 52.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $467.0M
YoY Change
% of Gross Profit 11.51%
Operating Expenses $2.184B $1.990B
YoY Change 9.75%
Operating Profit $1.964B $1.788B
YoY Change 9.84%
Interest Expense $2.000M $0.00
YoY Change
% of Operating Profit 0.1% 0.0%
Other Income/Expense, Net $62.00M $1.000M
YoY Change 6100.0%
Pretax Income $1.895B $1.720B
YoY Change 10.17%
Income Tax $531.0M $416.0M
% Of Pretax Income 28.02% 24.19%
Net Earnings $1.376B $1.306B
YoY Change 5.36%
Net Earnings / Revenue 13.09% 12.89%
Basic Earnings Per Share $1.99 $1.81
Diluted Earnings Per Share $1.97 $1.80
COMMON SHARES
Basic Shares Outstanding 679.3M shares 682.8M shares 718.2M shares
Diluted Shares Outstanding 685.5M shares 722.1M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.141B
YoY Change
Cash & Equivalents $2.978B $5.722B
Short-Term Investments $163.0M
Other Short-Term Assets $694.0M $430.0M
YoY Change 61.4%
Inventory $4.644B $4.191B
Prepaid Expenses $323.0M $290.0M
Receivables $6.422B
Other Receivables $463.0M $340.0M
Total Short-Term Assets $14.84B $16.32B
YoY Change -9.04%
LONG-TERM ASSETS
Property, Plant & Equipment $21.29B $18.10B
YoY Change 17.6%
Goodwill $10.91B $9.545B
YoY Change 14.26%
Intangibles $1.105B $1.074B
YoY Change 2.89%
Long-Term Investments $929.0M $665.0M
YoY Change 39.7%
Other Assets $830.0M $692.0M
YoY Change 19.94%
Total Long-Term Assets $36.38B $31.32B
YoY Change 16.17%
TOTAL ASSETS
Total Short-Term Assets $14.84B $16.32B
Total Long-Term Assets $36.38B $31.32B
Total Assets $51.22B $47.63B
YoY Change 7.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.963B $2.954B
YoY Change 0.3%
Accrued Expenses $2.513B $2.457B
YoY Change 2.28%
Deferred Revenue
YoY Change
Short-Term Debt $153.0M $173.0M
YoY Change -11.56%
Long-Term Debt Due $3.065B $1.687B
YoY Change 81.68%
Total Short-Term Liabilities $10.67B $9.191B
YoY Change 16.07%
LONG-TERM LIABILITIES
Long-Term Debt $10.67B $9.535B
YoY Change 11.92%
Other Long-Term Liabilities $2.430B $2.142B
YoY Change 13.45%
Total Long-Term Liabilities $13.10B $11.68B
YoY Change 12.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.67B $9.191B
Total Long-Term Liabilities $13.10B $11.68B
Total Liabilities $28.06B $24.98B
YoY Change 12.3%
SHAREHOLDERS EQUITY
Retained Earnings $23.83B $23.94B
YoY Change -0.44%
Common Stock $291.0M $302.0M
YoY Change -3.64%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.141B $2.132B
YoY Change 0.42%
Treasury Stock Shares
Shareholders Equity $21.88B $21.77B
YoY Change
Total Liabilities & Shareholders Equity $51.22B $47.63B
YoY Change 7.54%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $1.376B $1.306B
YoY Change 5.36%
Depreciation, Depletion And Amortization $467.0M
YoY Change
Cash From Operating Activities $1.486B
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $505.0M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.283B
YoY Change
Cash From Investing Activities -$1.788B
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -629.0M
YoY Change
NET CHANGE
Cash From Operating Activities 1.486B
Cash From Investing Activities -1.788B
Cash From Financing Activities -629.0M
Net Change In Cash -931.0M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $1.486B
Capital Expenditures $505.0M
Free Cash Flow $981.0M
YoY Change

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<div style="margin-bottom:3pt;margin-top:3pt"><span style="color:#5a5a5c;font-family:'Helvetica Neue LT W 1 G 45 Lt',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Estimates and underlying assumptions are reviewed on an ongoing basis. Changes in accounting estimates may be necessary if there are changes in the circumstances or experiences on which the estimate was based or as a result of new information.</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span style="color:#5a5a5c;font-family:'Helvetica Neue LT W 1 G 45 Lt',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Changes in estimates, including those resulting from changes in the economic environment, are reflected in the period in which the change in estimate occurs.</span></div>
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CY2024Q3 us-gaap Investment Income Interest
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CY2023Q3 us-gaap Investment Income Interest
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CY2024Q3 crh Gain Loss On Disposition Of Business And Unrealized Gain Loss On Investments
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CY2023Q3 crh Gain Loss On Disposition Of Business And Unrealized Gain Loss On Investments
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us-gaap Redeemable Preferred Stock Dividends
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CY2024Q3 ecd Rule10b51 Arr Adopted Flag
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