2024 Q3 Form 10-Q Financial Statement

#000166670024000031 Filed on July 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $3.192B $3.171B
YoY Change 4.38% 2.49%
Cost Of Revenue $1.998B $1.996B
YoY Change 2.25% -1.67%
Gross Profit $1.194B $1.175B
YoY Change 8.15% 10.43%
Gross Profit Margin 37.41% 37.05%
Selling, General & Admin $387.0M $418.0M
YoY Change 7.5% 16.76%
% of Gross Profit 32.41% 35.57%
Research & Development $134.0M $134.0M
YoY Change 4.69% 7.2%
% of Gross Profit 11.22% 11.4%
Depreciation & Amortization $306.0M $298.0M
YoY Change 4.08% 5.67%
% of Gross Profit 25.63% 25.36%
Operating Expenses $521.0M $552.0M
YoY Change 6.76% -11.68%
Operating Profit $673.0M $623.0M
YoY Change 9.25% 41.91%
Interest Expense $113.0M -$76.00M
YoY Change -382.5% 26.67%
% of Operating Profit 16.79% -12.2%
Other Income/Expense, Net $199.0M -$87.00M
YoY Change 261.82% 4250.0%
Pretax Income $586.0M $296.0M
YoY Change 43.63% -16.85%
Income Tax $106.0M $120.0M
% Of Pretax Income 18.09% 40.54%
Net Earnings $454.0M $178.0M
YoY Change 42.32% -235.88%
Net Earnings / Revenue 14.22% 5.61%
Basic Earnings Per Share $1.09 $0.43
Diluted Earnings Per Share $1.08 $0.42
COMMON SHARES
Basic Shares Outstanding 417.5M shares 418.1M shares
Diluted Shares Outstanding 419.5M shares 419.3M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.645B $1.503B
YoY Change 22.94% -69.23%
Cash & Equivalents $1.645B $1.503B
Short-Term Investments
Other Short-Term Assets $194.0M $183.0M
YoY Change -89.89% -88.46%
Inventory $2.237B $2.164B
Prepaid Expenses
Receivables $2.363B $2.313B
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.439B $6.163B
YoY Change -18.85% -44.61%
LONG-TERM ASSETS
Property, Plant & Equipment $6.219B $5.699B
YoY Change -0.38% -7.41%
Goodwill $16.87B $16.56B
YoY Change -2.22% -0.51%
Intangibles $5.579B $5.477B
YoY Change -7.6% 5.53%
Long-Term Investments $1.120B $1.112B
YoY Change 49.13% 46.9%
Other Assets $1.349B $1.263B
YoY Change 3.85% 36.54%
Total Long-Term Assets $31.02B $30.39B
YoY Change -0.56% 2.43%
TOTAL ASSETS
Total Short-Term Assets $6.439B $6.163B
Total Long-Term Assets $31.02B $30.39B
Total Assets $37.46B $36.55B
YoY Change -4.27% -10.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.702B $1.655B
YoY Change 1.01% -6.39%
Accrued Expenses $985.0M $973.0M
YoY Change -22.56% -30.55%
Deferred Revenue $1.000M $1.000M
YoY Change -50.0% -80.0%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.825B $2.786B
YoY Change -23.4% -25.49%
LONG-TERM LIABILITIES
Long-Term Debt $7.170B $7.168B
YoY Change -7.36% -7.81%
Other Long-Term Liabilities $1.222B $1.254B
YoY Change -1.53% -26.32%
Total Long-Term Liabilities $1.222B $1.254B
YoY Change -1.53% -86.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.825B $2.786B
Total Long-Term Liabilities $1.222B $1.254B
Total Liabilities $12.80B $12.79B
YoY Change -11.73% -12.85%
SHAREHOLDERS EQUITY
Retained Earnings -$22.96B -$23.41B
YoY Change 0.46% 11.83%
Common Stock $4.000M $4.000M
YoY Change 0.0% -20.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $24.21B $23.34B
YoY Change
Total Liabilities & Shareholders Equity $37.46B $36.55B
YoY Change -4.27% -10.4%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $454.0M $178.0M
YoY Change 42.32% -235.88%
Depreciation, Depletion And Amortization $306.0M $298.0M
YoY Change 4.08% 5.67%
Cash From Operating Activities $707.0M $119.0M
YoY Change 5.37% -66.48%
INVESTING ACTIVITIES
Capital Expenditures $109.0M $102.0M
YoY Change -8.4% -10.53%
Acquisitions
YoY Change
Other Investing Activities -$314.0M $2.000M
YoY Change -82.48% -99.85%
Cash From Investing Activities -$423.0M -$100.0M
YoY Change -77.86% -108.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -140.0M -840.0M
YoY Change -92.94% 412.2%
NET CHANGE
Cash From Operating Activities 707.0M 119.0M
Cash From Investing Activities -423.0M -100.0M
Cash From Financing Activities -140.0M -840.0M
Net Change In Cash 144.0M -821.0M
YoY Change -104.47% -159.41%
FREE CASH FLOW
Cash From Operating Activities $707.0M $119.0M
Capital Expenditures $109.0M $102.0M
Free Cash Flow $598.0M $17.00M
YoY Change 8.33% -92.95%

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