2022 Q3 Form 10-Q Financial Statement

#000105829022000241 Filed on July 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $4.857B $4.906B $4.826B
YoY Change 2.38% 7.0% 9.66%
Cost Of Revenue $3.080B $3.119B $3.097B
YoY Change 4.51% 8.94% 12.05%
Gross Profit $1.777B $1.787B $1.729B
YoY Change -1.11% 3.77% 5.62%
Gross Profit Margin 36.59% 36.42% 35.83%
Selling, General & Admin $838.0M $883.0M $862.0M
YoY Change -9.31% 0.23% 4.23%
% of Gross Profit 47.16% 49.41% 49.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $141.0M $144.0M $143.0M
YoY Change -2.08% -0.69% 1.42%
% of Gross Profit 7.93% 8.06% 8.27%
Operating Expenses $838.0M $883.0M $862.0M
YoY Change -9.31% 0.23% 4.23%
Operating Profit $798.0M $760.0M $724.0M
YoY Change 9.47% 9.2% 8.22%
Interest Expense $6.000M $3.000M $2.000M
YoY Change 100.0% 50.0% 0.0%
% of Operating Profit 0.75% 0.39% 0.28%
Other Income/Expense, Net $14.00M $1.000M $5.000M
YoY Change 600.0% -150.0% -225.0%
Pretax Income $812.0M $761.0M $729.0M
YoY Change 11.08% 9.65% 9.62%
Income Tax $183.0M $184.0M $170.0M
% Of Pretax Income 22.54% 24.18% 23.32%
Net Earnings $629.0M $577.0M $563.0M
YoY Change 15.63% 12.7% 11.49%
Net Earnings / Revenue 12.95% 11.76% 11.67%
Basic Earnings Per Share $1.22 $1.11 $1.07
Diluted Earnings Per Share $1.22 $1.11 $1.07
COMMON SHARES
Basic Shares Outstanding 517.8M shares 520.0M shares 524.0M shares
Diluted Shares Outstanding 517.0M shares 521.0M shares 525.0M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.731B $2.320B $2.319B
YoY Change 13.18% 25.41% 7.46%
Cash & Equivalents $2.042B $1.768B $2.192B
Short-Term Investments $689.0M $552.0M $127.0M
Other Short-Term Assets $900.0M $918.0M $1.095B
YoY Change -16.04% -22.34% -9.13%
Inventory
Prepaid Expenses
Receivables $3.686B $3.785B $3.663B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.317B $7.023B $7.077B
YoY Change 4.6% 8.87% 7.31%
LONG-TERM ASSETS
Property, Plant & Equipment $1.105B $1.121B $1.171B
YoY Change -6.28% -8.49% -6.32%
Goodwill $5.425B $5.517B $5.605B
YoY Change -0.48% 1.1% 7.4%
Intangibles $1.038B $1.101B $1.167B
YoY Change -13.36% -9.68% 5.14%
Long-Term Investments $66.00M $66.00M $67.00M
YoY Change 3.13% 100.0% 116.13%
Other Assets $638.0M $673.0M $708.0M
YoY Change -9.5% -8.06% -6.84%
Total Long-Term Assets $10.03B $10.24B $10.36B
YoY Change -2.02% -1.38% 2.9%
TOTAL ASSETS
Total Short-Term Assets $7.317B $7.023B $7.077B
Total Long-Term Assets $10.03B $10.24B $10.36B
Total Assets $17.35B $17.26B $17.43B
YoY Change 0.67% 2.55% 4.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $367.0M $357.0M $394.0M
YoY Change 4.56% 1.71% 12.89%
Accrued Expenses $2.511B $1.909B $1.888B
YoY Change 12.4% -9.31% -4.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $38.00M $38.00M
YoY Change -100.0% 0.0% 0.0%
Long-Term Debt Due $0.00 $38.00M $38.00M
YoY Change -100.0% 0.0% 0.0%
Total Short-Term Liabilities $3.223B $3.153B $3.186B
YoY Change -2.89% -0.94% 1.14%
LONG-TERM LIABILITIES
Long-Term Debt $636.0M $608.0M $617.0M
YoY Change 0.0% -5.74% -5.66%
Other Long-Term Liabilities $329.0M $286.0M $286.0M
YoY Change 10.4% -8.63% -14.37%
Total Long-Term Liabilities $965.0M $894.0M $903.0M
YoY Change 3.32% -6.68% -8.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.223B $3.153B $3.186B
Total Long-Term Liabilities $965.0M $894.0M $903.0M
Total Liabilities $5.389B $5.308B $5.461B
YoY Change -5.22% -5.62% -2.88%
SHAREHOLDERS EQUITY
Retained Earnings $12.45B $12.19B $11.96B
YoY Change 8.43% 9.99% 9.62%
Common Stock $5.000M $5.000M $5.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.96B $11.95B $11.97B
YoY Change
Total Liabilities & Shareholders Equity $17.35B $17.26B $17.43B
YoY Change 0.67% 2.55% 4.65%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $629.0M $577.0M $563.0M
YoY Change 15.63% 12.7% 11.49%
Depreciation, Depletion And Amortization $141.0M $144.0M $143.0M
YoY Change -2.08% -0.69% 1.42%
Cash From Operating Activities $1.032B $528.0M $306.0M
YoY Change 8.86% -2.4% 69.06%
INVESTING ACTIVITIES
Capital Expenditures -$79.00M -$43.00M $120.0M
YoY Change 54.9% -42.67% 36.36%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$178.0M -$428.0M $820.0M
YoY Change -50.0% -33.75% -282.22%
Cash From Investing Activities -$257.0M -$471.0M $700.0M
YoY Change -36.86% -34.67% -230.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $474.0M
YoY Change 97.5%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -458.0M -450.0M -$600.0M
YoY Change 91.63% 5.14% 76.47%
NET CHANGE
Cash From Operating Activities 1.032B 528.0M $306.0M
Cash From Investing Activities -257.0M -471.0M $700.0M
Cash From Financing Activities -458.0M -450.0M -$600.0M
Net Change In Cash 317.0M -393.0M $400.0M
YoY Change 4.97% -35.36% -156.58%
FREE CASH FLOW
Cash From Operating Activities $1.032B $528.0M $306.0M
Capital Expenditures -$79.00M -$43.00M $120.0M
Free Cash Flow $1.111B $571.0M $186.0M
YoY Change 11.21% -7.31% 100.0%

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