2022 Q3 Form 10-Q Financial Statement

#000139361222000029 Filed on July 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $3.357B $2.915B $2.736B
YoY Change 25.54% 12.59% 3.4%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $124.0M $121.0M $125.0M
YoY Change 2.48% -16.55% 14.68%
% of Gross Profit
Depreciation & Amortization $145.0M $140.0M $139.0M
YoY Change 4.32% 8.53% 16.81%
% of Gross Profit
Operating Expenses $124.0M $121.0M $125.0M
YoY Change 2.48% -16.55% 14.68%
Operating Profit
YoY Change
Interest Expense $514.0M $305.0M $257.0M
YoY Change 91.08% 5.17% -18.67%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.318B $1.452B $1.618B
YoY Change -5.99% -34.65% -22.17%
Income Tax $312.0M $341.0M $376.0M
% Of Pretax Income 23.67% 23.48% 23.24%
Net Earnings $1.006B $1.111B $1.242B
YoY Change -7.79% -34.57% -22.03%
Net Earnings / Revenue 29.97% 38.11% 45.39%
Basic Earnings Per Share $3.54 $3.96 $4.23
Diluted Earnings Per Share $3.54 $3.96 $4.22
COMMON SHARES
Basic Shares Outstanding 273.2M shares 279.0M shares 285.0M shares
Diluted Shares Outstanding 274.0M shares 279.0M shares 285.0M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.90B $16.98B $15.60B
YoY Change -18.47% -30.1% -47.61%
Cash & Equivalents $10.00B $11.44B $9.625B
Short-Term Investments $6.897B $5.536B $5.977B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.015B $984.0M $984.0M
YoY Change 2.84% -0.2% -3.62%
Goodwill $255.0M $255.0M $255.0M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $382.0M $366.0M $377.0M
YoY Change 4.37% 6.71% 10.23%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $121.9B $114.6B $107.4B
YoY Change 12.29% 3.26% -5.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $4.526B $4.439B $4.365B
YoY Change 7.68% 11.31% 10.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.800B $0.00
YoY Change
Long-Term Debt Due $2.331B $2.322B $2.638B
YoY Change -54.7% -37.12%
Total Short-Term Liabilities $6.857B $6.761B $7.003B
YoY Change 63.15% -25.82% -14.14%
LONG-TERM LIABILITIES
Long-Term Debt $20.18B $15.86B $14.49B
YoY Change 8.97% 11.52% -13.81%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $20.18B $15.86B $14.49B
YoY Change 8.97% 11.52% -13.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.857B $6.761B $7.003B
Total Long-Term Liabilities $20.18B $15.86B $14.49B
Total Liabilities $107.6B $100.8B $93.98B
YoY Change 12.93% 3.09% -7.61%
SHAREHOLDERS EQUITY
Retained Earnings $27.59B $26.78B $25.83B
YoY Change 15.68% 16.74% 20.87%
Common Stock $6.000M $6.000M $6.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $18.45B $18.24B $17.64B
YoY Change 15.89% 20.74% 21.2%
Treasury Stock Shares 296.4M shares 294.3M shares 288.5M shares
Shareholders Equity $14.29B $13.76B $13.43B
YoY Change
Total Liabilities & Shareholders Equity $121.9B $114.6B $107.4B
YoY Change 12.29% 3.26% -5.67%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $1.006B $1.111B $1.242B
YoY Change -7.79% -34.57% -22.03%
Depreciation, Depletion And Amortization $145.0M $140.0M $139.0M
YoY Change 4.32% 8.53% 16.81%
Cash From Operating Activities $1.619B $1.612B $1.734B
YoY Change -0.12% 4.13% 14.99%
INVESTING ACTIVITIES
Capital Expenditures -$79.00M -$48.00M $51.00M
YoY Change 61.22% -14.29% 24.39%
Acquisitions
YoY Change
Other Investing Activities -$7.411B -$5.746B $712.0M
YoY Change 407.26% 382.45% -88.57%
Cash From Investing Activities -$7.490B -$5.794B $661.0M
YoY Change 396.03% 364.64% -89.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $942.0M
YoY Change 705.13%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.270B 6.010B -$4.084B
YoY Change -268.05% -230.45% 568.41%
NET CHANGE
Cash From Operating Activities 1.619B 1.612B $1.734B
Cash From Investing Activities -7.490B -5.794B $661.0M
Cash From Financing Activities 6.270B 6.010B -$4.084B
Net Change In Cash 399.0M 1.828B -$1.689B
YoY Change -111.02% -142.45% -123.84%
FREE CASH FLOW
Cash From Operating Activities $1.619B $1.612B $1.734B
Capital Expenditures -$79.00M -$48.00M $51.00M
Free Cash Flow $1.698B $1.660B $1.683B
YoY Change 1.68% 3.49% 14.72%

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The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and related disclosures. These estimates are based on information available as of the date of the condensed consolidated financial statements. The Company believes that the estimates used in the preparation of the condensed consolidated financial statements are reasonable. Actual results could differ from these estimates.
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