2022 Q3 Form 10-Q Financial Statement

#000106508822000022 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $2.380B $2.422B $2.613B
YoY Change -4.84% -9.22% 5.45%
Cost Of Revenue $647.0M $663.0M $694.0M
YoY Change -4.57% -1.34% -6.47%
Gross Profit $1.733B $1.759B $1.919B
YoY Change -4.94% -11.87% -0.57%
Gross Profit Margin 72.82% 72.63% 73.44%
Selling, General & Admin $750.0M $803.0M $772.0M
YoY Change 4.9% -0.74% -26.96%
% of Gross Profit 43.28% 45.65% 40.23%
Research & Development $345.0M $344.0M $337.0M
YoY Change 3.29% -1.71% 12.71%
% of Gross Profit 19.91% 19.56% 17.56%
Depreciation & Amortization $104.0M $113.0M $122.0M
YoY Change -12.61% -6.61% -11.59%
% of Gross Profit 6.0% 6.42% 6.36%
Operating Expenses $1.165B $1.234B $1.109B
YoY Change 0.34% -2.37% -18.64%
Operating Profit $568.0M $525.0M $810.0M
YoY Change -14.2% -28.28% 42.86%
Interest Expense -$622.0M -$1.252B -$1.849B
YoY Change 172.81% 278.25% -528.01%
% of Operating Profit -109.51% -238.48% -228.27%
Other Income/Expense, Net
YoY Change
Pretax Income -$54.00M -$727.0M -$1.161B
YoY Change -112.44% -281.3% -204.69%
Income Tax $16.00M -$191.0M -$268.0M
% Of Pretax Income
Net Earnings -$69.00M -$531.0M $1.969B
YoY Change -126.14% -104.95% 133.02%
Net Earnings / Revenue -2.9% -21.92% 75.35%
Basic Earnings Per Share -$0.13 -$0.95 $3.25
Diluted Earnings Per Share -$0.13 -$0.95 $3.25
COMMON SHARES
Basic Shares Outstanding 549.4M shares 556.0M shares 606.0M shares
Diluted Shares Outstanding 548.0M shares 556.0M shares 606.0M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.494B $3.199B $7.301B
YoY Change -75.97% -81.41% 98.24%
Cash & Equivalents $2.037B $1.742B $1.379B
Short-Term Investments $1.457B $1.457B $5.922B
Other Short-Term Assets $1.162B $1.237B $1.107B
YoY Change 20.41% 53.66% 41.92%
Inventory
Prepaid Expenses $105.0M $117.0M $114.0M
Receivables $84.00M $82.00M $98.00M
Other Receivables $759.0M $745.0M $681.0M
Total Short-Term Assets $5.289B $5.067B $9.111B
YoY Change -70.21% -74.74% 26.72%
LONG-TERM ASSETS
Property, Plant & Equipment $1.194B $1.173B $1.236B
YoY Change -2.53% -6.68% -4.33%
Goodwill $4.058B $4.113B $4.178B
YoY Change -1.93% -2.35% -2.5%
Intangibles
YoY Change
Long-Term Investments $4.388B $5.061B $7.966B
YoY Change 13196.97% 72200.0% 99475.0%
Other Assets $497.0M $467.0M $591.0M
YoY Change 273.68% 253.79% 351.15%
Total Long-Term Assets $13.81B $14.59B $17.52B
YoY Change 20.06% 24.01% 44.51%
TOTAL ASSETS
Total Short-Term Assets $5.289B $5.067B $9.111B
Total Long-Term Assets $13.81B $14.59B $17.52B
Total Assets $19.10B $19.65B $26.63B
YoY Change -34.73% -38.24% 37.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $224.0M $249.0M $262.0M
YoY Change -15.47% -12.63% -5.76%
Accrued Expenses $1.765B $1.702B $1.848B
YoY Change -5.31% -16.73% -36.49%
Deferred Revenue $31.00M $33.00M $79.00M
YoY Change -63.53% -63.33% -19.39%
Short-Term Debt $0.00 $0.00 $1.355B
YoY Change -100.0% 22483.33%
Long-Term Debt Due $1.150B $1.149B $1.355B
YoY Change -15.13% 53.2%
Total Short-Term Liabilities $3.974B $3.972B $4.622B
YoY Change -24.96% -21.55% 15.49%
LONG-TERM LIABILITIES
Long-Term Debt $6.579B $6.579B $7.727B
YoY Change -14.86% -21.03% -0.17%
Other Long-Term Liabilities $1.028B $1.011B $1.183B
YoY Change -11.46% -12.54% -6.11%
Total Long-Term Liabilities $1.028B $1.011B $8.910B
YoY Change -11.46% -12.54% -1.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.974B $3.972B $4.622B
Total Long-Term Liabilities $1.028B $1.011B $8.910B
Total Liabilities $14.24B $14.41B $16.85B
YoY Change -22.21% -23.38% 6.98%
SHAREHOLDERS EQUITY
Retained Earnings $33.77B $33.96B $36.09B
YoY Change -1.36% -0.37% 57.18%
Common Stock $2.000M $2.000M $2.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $46.40B $46.10B $43.37B
YoY Change 14.41% 20.34% 18.78%
Treasury Stock Shares 1.121B shares
Shareholders Equity $4.853B $5.243B $9.778B
YoY Change
Total Liabilities & Shareholders Equity $19.10B $19.65B $26.63B
YoY Change -34.73% -38.24% 37.89%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$69.00M -$531.0M $1.969B
YoY Change -126.14% -104.95% 133.02%
Depreciation, Depletion And Amortization $104.0M $113.0M $122.0M
YoY Change -12.61% -6.61% -11.59%
Cash From Operating Activities $729.0M $228.0M $293.0M
YoY Change 185.88% -78.63% -61.35%
INVESTING ACTIVITIES
Capital Expenditures -$102.0M -$111.0M -$103.0M
YoY Change -35.85% 12.12% -38.69%
Acquisitions
YoY Change
Other Investing Activities $93.00M $2.103B $2.888B
YoY Change -94.47% -359.31% 656.02%
Cash From Investing Activities -$9.000M $1.992B $2.785B
YoY Change -100.59% -318.9% 1201.4%
FINANCING ACTIVITIES
Cash Dividend Paid $120.0M $121.0M
YoY Change 3.45% 0.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -354.0M -2.230B -3.287B
YoY Change -85.83% -628.44% 498.72%
NET CHANGE
Cash From Operating Activities 729.0M 228.0M 293.0M
Cash From Investing Activities -9.000M 1.992B 2.785B
Cash From Financing Activities -354.0M -2.230B -3.287B
Net Change In Cash 366.0M -10.00M -209.0M
YoY Change -150.83% -101.73% -149.41%
FREE CASH FLOW
Cash From Operating Activities $729.0M $228.0M $293.0M
Capital Expenditures -$102.0M -$111.0M -$103.0M
Free Cash Flow $831.0M $339.0M $396.0M
YoY Change 100.72% -70.93% -57.24%

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