2024 Q2 Form 10-K Financial Statement

#000071251524000023 Filed on May 22, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2024
Revenue $1.660B $1.779B $7.562B
YoY Change -13.72% -5.07% 1.83%
Cost Of Revenue $263.0M $340.0M $1.710B
YoY Change -28.53% -24.11% -4.58%
Gross Profit $1.397B $1.439B $5.852B
YoY Change -10.22% 0.91% 3.87%
Gross Profit Margin 84.16% 80.89% 77.39%
Selling, General & Admin $385.0M $419.0M $1.710B
YoY Change -1.79% -12.53% 0.29%
% of Gross Profit 27.56% 29.12% 29.22%
Research & Development $629.0M $638.0M $2.420B
YoY Change 5.54% 0.47% 3.95%
% of Gross Profit 45.03% 44.34% 41.35%
Depreciation & Amortization $51.00M $149.0M $196.0M
YoY Change 4.08% -13.87% -63.43%
% of Gross Profit 3.65% 10.35% 3.35%
Operating Expenses $1.033B $1.076B $4.334B
YoY Change 1.87% -5.61% 3.41%
Operating Profit $364.0M $363.0M $1.518B
YoY Change -32.84% 26.92% 5.2%
Interest Expense $15.00M $26.00M $58.00M
YoY Change 0.0% 333.33% -1066.67%
% of Operating Profit 4.12% 7.16% 3.82%
Other Income/Expense, Net $30.00M $71.00M
YoY Change 114.29% -1283.33%
Pretax Income $394.0M $260.0M $1.589B
YoY Change -29.14% 43.65% 19.83%
Income Tax $114.0M $78.00M $316.0M
% Of Pretax Income 28.93% 30.0% 19.89%
Net Earnings $280.0M $182.0M $1.273B
YoY Change -30.35% -1616.67% 58.73%
Net Earnings / Revenue 16.87% 10.23% 16.83%
Basic Earnings Per Share $1.05 $4.71
Diluted Earnings Per Share $1.04 $0.67 $4.68
COMMON SHARES
Basic Shares Outstanding 266.4M shares 267.4M shares 270.0M shares
Diluted Shares Outstanding 268.0M shares 272.0M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.766B $3.262B $3.262B
YoY Change 6.3% 17.89% 17.89%
Cash & Equivalents $2.400B $2.900B $2.900B
Short-Term Investments $366.0M $362.0M $362.0M
Other Short-Term Assets $388.0M $420.0M $420.0M
YoY Change -14.73% -18.92% -18.92%
Inventory
Prepaid Expenses
Receivables $433.0M $565.0M $565.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.587B $4.247B $4.247B
YoY Change 0.36% 7.0% 7.0%
LONG-TERM ASSETS
Property, Plant & Equipment $558.0M $578.0M $821.0M
YoY Change 2.39% 5.28% 49.54%
Goodwill $5.379B $5.379B
YoY Change -0.04% -0.02%
Intangibles $373.0M $400.0M
YoY Change -35.36% -35.28%
Long-Term Investments
YoY Change
Other Assets $418.0M $436.0M $2.573B
YoY Change -7.32% -85.19% -12.57%
Total Long-Term Assets $9.121B $9.173B $9.173B
YoY Change -4.08% -3.34% -3.34%
TOTAL ASSETS
Total Short-Term Assets $3.587B $4.247B $4.247B
Total Long-Term Assets $9.121B $9.173B $9.173B
Total Assets $12.71B $13.42B $13.42B
YoY Change -2.87% -0.29% -0.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $80.00M $110.0M $110.0M
YoY Change 6.67% 11.11% 11.11%
Accrued Expenses $976.0M $1.166B $1.166B
YoY Change -14.76% -9.26% -9.26%
Deferred Revenue $71.00M $59.00M
YoY Change 4.41% -42.72%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.468B $3.090B $3.090B
YoY Change -11.86% -5.94% -5.94%
LONG-TERM LIABILITIES
Long-Term Debt $1.882B $1.882B $1.882B
YoY Change 0.11% 0.11% 0.11%
Other Long-Term Liabilities $432.0M $437.0M $934.0M
YoY Change 11.63% -56.3% -6.6%
Total Long-Term Liabilities $432.0M $437.0M $2.816B
YoY Change 11.63% -84.83% -2.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.468B $3.090B $3.090B
Total Long-Term Liabilities $432.0M $437.0M $2.816B
Total Liabilities $5.308B $5.907B $5.907B
YoY Change -7.67% -4.2% -4.2%
SHAREHOLDERS EQUITY
Retained Earnings $7.457B $7.582B
YoY Change 0.69% 3.06%
Common Stock $3.000M $3.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.400B $7.513B $7.513B
YoY Change
Total Liabilities & Shareholders Equity $12.71B $13.42B $13.42B
YoY Change -2.87% -0.29% -0.29%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2024
OPERATING ACTIVITIES
Net Income $280.0M $182.0M $1.273B
YoY Change -30.35% -1616.67% 58.73%
Depreciation, Depletion And Amortization $51.00M $149.0M $196.0M
YoY Change 4.08% -13.87% -63.43%
Cash From Operating Activities $120.0M $580.0M $2.315B
YoY Change -66.57% -6.0% 49.35%
INVESTING ACTIVITIES
Capital Expenditures $67.00M $51.00M $199.0M
YoY Change 48.89% 8.51% -3.86%
Acquisitions $0.00
YoY Change
Other Investing Activities -$2.000M $2.000M -$8.000M
YoY Change -300.0% -80.0% -20.0%
Cash From Investing Activities -$69.00M -$49.00M -$207.0M
YoY Change 56.82% 32.43% -4.61%
FINANCING ACTIVITIES
Cash Dividend Paid $50.00M $205.0M
YoY Change -3.85% -2.38%
Common Stock Issuance & Retirement, Net $1.300B
YoY Change -207.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$546.0M -360.0M -$1.624B
YoY Change 13.28% 0.56% 1.5%
NET CHANGE
Cash From Operating Activities $120.0M 580.0M $2.315B
Cash From Investing Activities -$69.00M -49.00M -$207.0M
Cash From Financing Activities -$546.0M -360.0M -$1.624B
Net Change In Cash -$500.0M 171.0M $476.0M
YoY Change 203.03% -22.97% -278.28%
FREE CASH FLOW
Cash From Operating Activities $120.0M $580.0M $2.315B
Capital Expenditures $67.00M $51.00M $199.0M
Free Cash Flow $53.00M $529.0M $2.116B
YoY Change -83.12% -7.19% 57.56%

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