2024 Q3 Form 10-Q Financial Statement

#000105829024000242 Filed on August 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $5.044B $4.850B
YoY Change 3.0% -0.74%
Cost Of Revenue $3.311B $3.204B
YoY Change 3.18% -0.84%
Gross Profit $1.733B $1.646B
YoY Change 2.67% -0.54%
Gross Profit Margin 34.36% 33.94%
Selling, General & Admin $833.0M $781.0M
YoY Change 4.0% -5.9%
% of Gross Profit 48.07% 47.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $129.0M $128.0M
YoY Change -11.64% -9.22%
% of Gross Profit 7.44% 7.78%
Operating Expenses $833.0M $781.0M
YoY Change 4.0% -18.73%
Operating Profit $738.0M $708.0M
YoY Change 7.58% 2.02%
Interest Expense $14.00M $10.00M
YoY Change 27.27% -9.09%
% of Operating Profit 1.9% 1.41%
Other Income/Expense, Net $10.00M $20.00M
YoY Change -62.96% -2100.0%
Pretax Income $748.0M $728.0M
YoY Change 4.91% 24.02%
Income Tax $170.0M $165.0M
% Of Pretax Income 22.73% 22.66%
Net Earnings $582.0M $566.0M
YoY Change 10.86% 22.25%
Net Earnings / Revenue 11.54% 11.67%
Basic Earnings Per Share $1.17 $1.14
Diluted Earnings Per Share $1.17 $1.14
COMMON SHARES
Basic Shares Outstanding 495.7M shares 497.2M shares
Diluted Shares Outstanding 496.0M shares 498.0M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.025B $2.205B
YoY Change -14.48% 5.25%
Cash & Equivalents $2.013B $2.193B
Short-Term Investments $12.00M $12.00M
Other Short-Term Assets $1.317B $1.067B
YoY Change 38.34% -3.09%
Inventory
Prepaid Expenses
Receivables $4.206B $3.973B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.548B $7.245B
YoY Change 5.91% 4.23%
LONG-TERM ASSETS
Property, Plant & Equipment $1.001B $1.009B
YoY Change -4.48% -46.19%
Goodwill $7.132B $6.395B
YoY Change 18.61% 5.44%
Intangibles $1.681B $1.129B
YoY Change 43.19% -8.06%
Long-Term Investments $84.00M $80.00M
YoY Change 20.0% -81.18%
Other Assets $1.034B $1.068B
YoY Change 63.61% -24.95%
Total Long-Term Assets $12.62B $11.34B
YoY Change 15.19% 2.9%
TOTAL ASSETS
Total Short-Term Assets $7.548B $7.245B
Total Long-Term Assets $12.62B $11.34B
Total Assets $20.16B $18.58B
YoY Change 11.53% 3.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $304.0M $298.0M
YoY Change -6.46% -6.29%
Accrued Expenses $2.696B $2.224B
YoY Change 35.27% 18.49%
Deferred Revenue
YoY Change
Short-Term Debt $33.00M $33.00M
YoY Change 0.0%
Long-Term Debt Due $33.00M $33.00M
YoY Change 0.0% 37.5%
Total Short-Term Liabilities $3.388B $2.946B
YoY Change 6.17% -3.6%
LONG-TERM LIABILITIES
Long-Term Debt $1.183B $590.0M
YoY Change 92.67% -5.14%
Other Long-Term Liabilities $440.0M $448.0M
YoY Change 26.8% -61.58%
Total Long-Term Liabilities $1.623B $1.038B
YoY Change 68.89% -41.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.388B $2.946B
Total Long-Term Liabilities $1.623B $1.038B
Total Liabilities $5.712B $4.682B
YoY Change 9.91% -7.54%
SHAREHOLDERS EQUITY
Retained Earnings $14.35B $14.03B
YoY Change 9.14% 7.73%
Common Stock $5.000M $5.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.45B $13.90B
YoY Change
Total Liabilities & Shareholders Equity $20.16B $18.58B
YoY Change 11.53% 3.41%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $582.0M $566.0M
YoY Change 10.86% 22.25%
Depreciation, Depletion And Amortization $129.0M $128.0M
YoY Change -11.64% -9.22%
Cash From Operating Activities $847.0M $262.0M
YoY Change 2.29% 627.78%
INVESTING ACTIVITIES
Capital Expenditures $56.00M $79.00M
YoY Change -23.29% 16.18%
Acquisitions
YoY Change
Other Investing Activities -$1.194B $0.00
YoY Change 847.62% -100.0%
Cash From Investing Activities -$1.250B -$79.00M
YoY Change 528.14% -7.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 212.0M -221.0M
YoY Change -147.11% -37.57%
NET CHANGE
Cash From Operating Activities 847.0M 262.0M
Cash From Investing Activities -1.250B -79.00M
Cash From Financing Activities 212.0M -221.0M
Net Change In Cash -191.0M -38.00M
YoY Change -206.7% -90.57%
FREE CASH FLOW
Cash From Operating Activities $847.0M $262.0M
Capital Expenditures $56.00M $79.00M
Free Cash Flow $791.0M $183.0M
YoY Change 4.77% -671.88%

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2000000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
20000000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
15000000 usd
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
22000000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-74000000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
708000000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
577000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
1403000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
1279000000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1009000000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1048000000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
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