2023 Q1 Form 10-K Financial Statement

#000159089523000070 Filed on February 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $2.830B $2.821B $10.82B
YoY Change 23.47% 8.88% 13.07%
Cost Of Revenue $1.402B $1.379B $5.687B
YoY Change -8.84% -11.26% 14.75%
Gross Profit $1.428B $1.442B $5.134B
YoY Change 89.39% 39.05% 11.27%
Gross Profit Margin 50.46% 51.12% 47.44%
Selling, General & Admin $509.0M $523.0M $2.068B
YoY Change 2.0% 5.02% 16.05%
% of Gross Profit 35.64% 36.27% 40.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $300.0M $295.0M $1.205B
YoY Change 0.0% 3.87% 7.02%
% of Gross Profit 21.01% 20.46% 23.47%
Operating Expenses $809.0M $818.0M $3.273B
YoY Change 1.25% 4.6% 12.55%
Operating Profit $603.0M $624.0M $1.739B
YoY Change -6130.0% 144.71% 19.11%
Interest Expense $604.0M -$585.0M $2.303B
YoY Change 9.42% 4.28% 0.35%
% of Operating Profit 100.17% -93.75% 132.43%
Other Income/Expense, Net -$788.0M -$7.000M -$2.304B
YoY Change 43.8% -68.18% -15.57%
Pretax Income -$185.0M -$156.0M -$565.0M
YoY Change -66.85% -71.99% -55.48%
Income Tax -$49.00M $6.000M -$41.00M
% Of Pretax Income
Net Earnings -$136.0M -$148.0M -$899.0M
YoY Change -80.0% -65.9% -11.78%
Net Earnings / Revenue -4.81% -5.25% -8.31%
Basic Earnings Per Share -$0.63 -$4.19
Diluted Earnings Per Share -$0.63 -$0.69 -$4.19
COMMON SHARES
Basic Shares Outstanding 215.2M shares 214.6M shares 214.0M shares
Diluted Shares Outstanding 215.0M shares 214.0M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $965.0M $1.038B $1.038B
YoY Change 18.55% -2.99% -2.99%
Cash & Equivalents $965.0M $1.038B $1.038B
Short-Term Investments
Other Short-Term Assets $446.0M $394.0M $394.0M
YoY Change -88.3% -91.0% -91.0%
Inventory $57.00M $59.00M $59.00M
Prepaid Expenses $291.0M $263.0M
Receivables $543.0M $611.0M $611.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.011B $2.102B $2.102B
YoY Change -60.72% -64.76% -64.76%
LONG-TERM ASSETS
Property, Plant & Equipment $14.61B $14.60B $15.24B
YoY Change -0.2% -0.02% 4.36%
Goodwill $11.00B $11.00B
YoY Change -0.7% -0.65%
Intangibles $4.678B $4.714B
YoY Change -3.8% -4.19%
Long-Term Investments $91.00M $94.00M $94.00M
YoY Change -6.19% -40.51% -40.51%
Other Assets $957.0M $1.015B $376.0M
YoY Change -24.88% -22.64% -71.34%
Total Long-Term Assets $31.34B $31.43B $31.43B
YoY Change -1.92% -2.0% -2.0%
TOTAL ASSETS
Total Short-Term Assets $2.011B $2.102B $2.102B
Total Long-Term Assets $31.34B $31.43B $31.43B
Total Assets $33.35B $33.53B $33.53B
YoY Change -10.05% -11.84% -11.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $285.0M $314.0M $314.0M
YoY Change -46.02% 23.62% 23.62%
Accrued Expenses $2.024B $2.246B $1.499B
YoY Change 1.96% -2.05% -34.63%
Deferred Revenue $747.0M
YoY Change 21.66%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $68.00M $108.0M $108.0M
YoY Change -2.86% 54.29% 54.29%
Total Short-Term Liabilities $2.377B $2.668B $2.668B
YoY Change -53.8% -49.63% -49.63%
LONG-TERM LIABILITIES
Long-Term Debt $12.90B $12.66B $25.27B
YoY Change -6.09% -7.75% -3.35%
Other Long-Term Liabilities $854.0M $852.0M $852.0M
YoY Change -8.07% -8.97% -8.97%
Total Long-Term Liabilities $13.76B $13.51B $26.12B
YoY Change -6.22% -7.83% -3.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.377B $2.668B $2.668B
Total Long-Term Liabilities $13.76B $13.51B $26.12B
Total Liabilities $29.71B $29.78B $29.81B
YoY Change -10.57% -11.09% -11.14%
SHAREHOLDERS EQUITY
Retained Earnings -$3.309B
YoY Change 37.3%
Common Stock $6.953B
YoY Change 1.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.597B $3.713B $3.713B
YoY Change
Total Liabilities & Shareholders Equity $33.35B $33.53B $33.53B
YoY Change -10.05% -11.84% -11.84%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$136.0M -$148.0M -$899.0M
YoY Change -80.0% -65.9% -11.78%
Depreciation, Depletion And Amortization $300.0M $295.0M $1.205B
YoY Change 0.0% 3.87% 7.02%
Cash From Operating Activities $174.0M $524.0M $975.0M
YoY Change -167.18% 107.11% -17.51%
INVESTING ACTIVITIES
Capital Expenditures $272.0M $235.0M $952.0M
YoY Change 29.52% -199.16% 83.08%
Acquisitions
YoY Change
Other Investing Activities -$40.00M $17.00M $6.000M
YoY Change -766.67% -950.0%
Cash From Investing Activities -$231.0M -$218.0M -$382.0M
YoY Change 16.67% -8.79% -86.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.000M
YoY Change -66.67%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.00M -244.0M -1.282B
YoY Change -37.84% -72.34% 133.09%
NET CHANGE
Cash From Operating Activities 174.0M 524.0M 975.0M
Cash From Investing Activities -231.0M -218.0M -382.0M
Cash From Financing Activities -23.00M -244.0M -1.282B
Net Change In Cash -$80.00M 62.00M -$718.0M
YoY Change -84.1% -107.14% -68.22%
FREE CASH FLOW
Cash From Operating Activities $174.0M $524.0M $975.0M
Capital Expenditures $272.0M $235.0M $952.0M
Free Cash Flow -$98.00M $289.0M $23.00M
YoY Change -79.1% -41.02% -96.53%

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