2023 Q3 Form 10-Q Financial Statement

#000088218423000093 Filed on July 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $10.50B $9.726B
YoY Change 8.97% 10.67%
Cost Of Revenue $7.642B $7.133B
YoY Change 13.04% 21.32%
Gross Profit $2.862B $2.593B
YoY Change -0.58% -10.86%
Gross Profit Margin 27.24% 26.66%
Selling, General & Admin $885.2M $851.2M
YoY Change 6.39% 14.93%
% of Gross Profit 30.93% 32.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.40M $23.70M
YoY Change 0.94% 13.4%
% of Gross Profit 0.75% 0.91%
Operating Expenses $788.6M $786.3M
YoY Change -2.95% 6.17%
Operating Profit $2.073B $1.807B
YoY Change 0.35% -16.68%
Interest Expense -$15.40M -$12.70M
YoY Change 94.94% 217.5%
% of Operating Profit -0.74% -0.7%
Other Income/Expense, Net $52.20M
YoY Change 245.7%
Pretax Income $2.018B $1.784B
YoY Change -2.3% -18.29%
Income Tax $492.8M $432.2M
% Of Pretax Income 24.42% 24.23%
Net Earnings $1.510B $1.335B
YoY Change -7.49% -18.98%
Net Earnings / Revenue 14.37% 13.73%
Basic Earnings Per Share $3.93
Diluted Earnings Per Share $4.45 $3.90
COMMON SHARES
Basic Shares Outstanding 338.3M shares 341.1M shares
Diluted Shares Outstanding 342.3M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.874B $3.379B
YoY Change 52.47% 104.09%
Cash & Equivalents $3.874B $3.379B
Short-Term Investments
Other Short-Term Assets $93.00M $58.10M
YoY Change 20.16% -37.59%
Inventory $22.37B $22.98B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $26.67B $26.74B
YoY Change 8.33% 12.61%
LONG-TERM ASSETS
Property, Plant & Equipment $445.4M $469.7M
YoY Change -5.56% -2.41%
Goodwill $163.5M $163.5M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $213.7M $216.6M
YoY Change 23.17% 16.45%
Total Long-Term Assets $5.910B $5.587B
YoY Change 3.16% 8.96%
TOTAL ASSETS
Total Short-Term Assets $26.67B $26.74B
Total Long-Term Assets $5.910B $5.587B
Total Assets $32.58B $32.32B
YoY Change 7.35% 11.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.246B $1.370B
YoY Change -8.39% -9.14%
Accrued Expenses $2.441B $2.249B
YoY Change -22.23% 11.44%
Deferred Revenue
YoY Change
Short-Term Debt $1.670B $1.686B
YoY Change 3.17% 19.91%
Long-Term Debt Due $190.0M $538.5M
YoY Change -77.78% 22.97%
Total Short-Term Liabilities $5.927B $6.139B
YoY Change -10.26% 0.7%
LONG-TERM LIABILITIES
Long-Term Debt $3.235B $3.881B
YoY Change -46.68% -6.06%
Other Long-Term Liabilities $282.2M $220.4M
YoY Change -23.02% 6.99%
Total Long-Term Liabilities $3.517B $4.102B
YoY Change -42.03% -5.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.927B $6.139B
Total Long-Term Liabilities $3.517B $4.102B
Total Liabilities $9.445B $10.67B
YoY Change -13.79% 2.23%
SHAREHOLDERS EQUITY
Retained Earnings $23.59B $22.16B
YoY Change 22.96% 25.71%
Common Stock $3.436B $3.399B
YoY Change 2.47% 2.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.330B $3.907B
YoY Change 37.78% 35.14%
Treasury Stock Shares
Shareholders Equity $22.70B $21.66B
YoY Change
Total Liabilities & Shareholders Equity $32.58B $32.32B
YoY Change 7.35% 11.96%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $1.510B $1.335B
YoY Change -7.49% -18.98%
Depreciation, Depletion And Amortization $21.40M $23.70M
YoY Change 0.94% 13.4%
Cash From Operating Activities $2.043B $787.5M
YoY Change 81.66% 189.74%
INVESTING ACTIVITIES
Capital Expenditures $40.30M $29.10M
YoY Change -200.25% -181.97%
Acquisitions
YoY Change
Other Investing Activities $38.60M -$98.80M
YoY Change -2244.44% -63.23%
Cash From Investing Activities -$1.700M -$127.9M
YoY Change -95.95% -57.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.549B -326.2M
YoY Change 698.56% -1281.88%
NET CHANGE
Cash From Operating Activities 2.043B 787.5M
Cash From Investing Activities -1.700M -127.9M
Cash From Financing Activities -1.549B -326.2M
Net Change In Cash 492.1M 333.4M
YoY Change -44.62% -7045.83%
FREE CASH FLOW
Cash From Operating Activities $2.043B $787.5M
Capital Expenditures $40.30M $29.10M
Free Cash Flow $2.003B $758.4M
YoY Change 71.94% 146.79%

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