2022 Q2 Form 10-Q Financial Statement

#000006862222000007 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q1
Revenue $1.632B $1.656B $1.792B
YoY Change -5.34% -7.59% -6.57%
Cost Of Revenue $414.0M $408.0M $439.0M
YoY Change -5.91% -7.06% -7.19%
Gross Profit $1.218B $1.248B $1.353B
YoY Change -5.14% -7.76% -6.37%
Gross Profit Margin 74.63% 75.36% 75.5%
Selling, General & Admin $114.0M $109.0M $107.0M
YoY Change 7.55% 1.87% -25.17%
% of Gross Profit 9.36% 8.73% 7.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $210.0M $317.0M
YoY Change -33.75% -3.35%
% of Gross Profit 16.83% 23.43%
Operating Expenses $114.0M $109.0M $107.0M
YoY Change 7.55% 1.87% -25.17%
Operating Profit $707.0M $753.0M $735.0M
YoY Change -6.61% 2.45% -5.65%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$46.00M -$46.00M -$85.00M
YoY Change -39.47% -45.88% -14.14%
Pretax Income $661.0M $707.0M $650.0M
YoY Change -2.94% 8.77% -4.41%
Income Tax $169.0M $179.0M $168.0M
% Of Pretax Income 25.57% 25.32% 25.85%
Net Earnings $492.0M $528.0M
YoY Change
Net Earnings / Revenue 30.15% 31.88%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 1.000 shares 1.000 shares 1.000 shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $5.000M $9.000M $10.00M
Short-Term Investments
Other Short-Term Assets $134.0M $191.0M $143.0M
YoY Change -2.19% 33.57% -5.3%
Inventory
Prepaid Expenses $57.00M $63.00M $62.00M
Receivables $297.0M $279.0M $340.0M
Other Receivables
Total Short-Term Assets $1.429B $961.0M $493.0M
YoY Change 203.4% 94.93% -62.76%
LONG-TERM ASSETS
Property, Plant & Equipment $8.202B $8.184B $8.258B
YoY Change 0.02% -0.9% 0.57%
Goodwill $9.360B $9.360B $9.360B
YoY Change 0.0% 0.0% 0.0%
Intangibles $170.0M $186.0M $245.0M
YoY Change -26.41% -24.08%
Long-Term Investments
YoY Change
Other Assets $135.0M $137.0M $149.0M
YoY Change -7.53% -8.05% 58.51%
Total Long-Term Assets $17.87B $17.87B $18.01B
YoY Change -0.39% -0.81% -2.37%
TOTAL ASSETS
Total Short-Term Assets $1.429B $961.0M $493.0M
Total Long-Term Assets $17.87B $17.87B $18.01B
Total Assets $19.30B $18.83B $18.51B
YoY Change 4.82% 1.75% -6.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $238.0M $220.0M $231.0M
YoY Change 2.59% -4.76% -33.43%
Accrued Expenses
YoY Change
Deferred Revenue $173.0M $174.0M $182.0M
YoY Change -4.95% -4.4% -9.0%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.973B $1.985B $3.501B
YoY Change -38.05% -43.3% 58.7%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $656.0M $657.0M $684.0M
YoY Change -4.51% -3.95% 32.05%
Total Long-Term Liabilities $656.0M $657.0M $684.0M
YoY Change -4.51% -3.95% 32.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.973B $1.985B $3.501B
Total Long-Term Liabilities $656.0M $657.0M $684.0M
Total Liabilities $2.629B $2.642B $4.185B
YoY Change -32.1% -36.87% 53.63%
SHAREHOLDERS EQUITY
Retained Earnings $2.605B $2.113B $230.0M
YoY Change 455.44% 818.7% 238.24%
Common Stock $10.05B $10.05B $10.05B
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.66B $12.16B $10.28B
YoY Change
Total Liabilities & Shareholders Equity $19.30B $18.83B $18.51B
YoY Change 4.82% 1.75% -6.41%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $492.0M $528.0M
YoY Change
Depreciation, Depletion And Amortization $210.0M $317.0M
YoY Change -33.75% -3.35%
Cash From Operating Activities $687.0M $814.0M
YoY Change -15.6% 3.69%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$625.0M -$211.0M
YoY Change 196.21% -125.42%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00 $300.0M
YoY Change -100.0% -40.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $235.0M
YoY Change -100.0% -78.81%
Cash From Financing Activities -$55.00M -$607.0M
YoY Change -90.94% -62.27%
NET CHANGE
Cash From Operating Activities $687.0M $814.0M
Cash From Investing Activities -$625.0M -$211.0M
Cash From Financing Activities -$55.00M -$607.0M
Net Change In Cash $7.000M -$4.000M
YoY Change -275.0% -166.67%
FREE CASH FLOW
Cash From Operating Activities $687.0M $814.0M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022Q1 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Stockholders Equity
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CY2021Q4 us-gaap Goodwill
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CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2022Q1 us-gaap Revenues
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2022Q1 us-gaap Revenue Remaining Performance Obligation
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CY2022Q1 us-gaap Revenue Remaining Performance Obligation Percentage
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CY2022Q1 us-gaap Provision For Loan Losses Expensed
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CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
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CY2022Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
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CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
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CY2022Q1 us-gaap Deferred Finance Costs Net
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CY2021Q4 us-gaap Deferred Finance Costs Net
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CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2022Q1 lumn Long Term Debt Maturity Year Five And Thereafter
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1953000000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
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CY2022Q1 us-gaap Loss Contingency Estimate Of Possible Loss
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CY2022Q1 us-gaap Loss Contingency Patents Allegedly Infringed Number
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CY2022Q1 us-gaap Dividends Common Stock Cash
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CY2021Q1 us-gaap Dividends Common Stock Cash
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CY2022Q1 us-gaap Prepaid Expense Current
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CY2021Q4 us-gaap Prepaid Expense Current
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CY2022Q1 us-gaap Capitalized Contract Cost Net Current
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CY2021Q4 us-gaap Capitalized Contract Cost Net Current
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CY2022Q1 us-gaap Contract With Customer Asset Net Current
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CY2021Q4 us-gaap Contract With Customer Asset Net Current
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CY2022Q1 lumn Receivable In Like Kind Exchange
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CY2021Q4 lumn Receivable In Like Kind Exchange
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CY2022Q1 us-gaap Other Assets Miscellaneous Current
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CY2022Q1 us-gaap Other Assets Current
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CY2021Q4 us-gaap Other Assets Current
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CY2022Q1 us-gaap Liability For Uncertain Tax Positions Noncurrent
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CY2021Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
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CY2022Q1 us-gaap Deferred Revenue Noncurrent
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CY2021Q4 us-gaap Deferred Revenue Noncurrent
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CY2022Q1 us-gaap Operating Lease Liability Noncurrent
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CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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CY2022Q1 us-gaap Deferred Income Taxes And Other Liabilities Noncurrent
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CY2021Q4 us-gaap Deferred Income Taxes And Other Liabilities Noncurrent
DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent
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CY2022Q1 us-gaap Other Liabilities Noncurrent
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657000000 USD
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
670000000 USD

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