2023 Q3 Form 10-Q Financial Statement

#000104786223000140 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $3.872B $2.944B
YoY Change -7.03% -13.79%
Cost Of Revenue $869.0M $594.0M
YoY Change -5.13% -29.12%
Gross Profit $3.003B $2.350B
YoY Change -7.57% -8.81%
Gross Profit Margin 77.56% 79.82%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $512.0M $495.0M
YoY Change -2.48% -8.16%
% of Gross Profit 17.05% 21.06%
Operating Expenses $3.149B $2.673B
YoY Change -3.88% -11.72%
Operating Profit $722.0M $284.0M
YoY Change -18.79% -26.61%
Interest Expense $259.0M $236.0M
YoY Change 30.15% 15.12%
% of Operating Profit 35.87% 83.1%
Other Income/Expense, Net $207.0M $207.0M
YoY Change 132.58% 132.58%
Pretax Income $670.0M $255.0M
YoY Change -13.99% -5.9%
Income Tax $144.0M $29.00M
% Of Pretax Income 21.49% 11.37%
Net Earnings $526.0M $226.0M
YoY Change -14.19% -11.37%
Net Earnings / Revenue 13.58% 7.68%
Basic Earnings Per Share $1.53 $0.65
Diluted Earnings Per Share $1.52 $0.65
COMMON SHARES
Basic Shares Outstanding 344.9M shares 346.5M shares
Diluted Shares Outstanding 346.5M shares 347.4M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $539.0M $1.955B
YoY Change 591.03% 73.47%
Cash & Equivalents $539.0M $1.955B
Short-Term Investments
Other Short-Term Assets $119.0M $133.0M
YoY Change -58.68% -36.06%
Inventory $455.0M $434.0M
Prepaid Expenses $1.110B $326.0M
Receivables $2.048B $1.684B
Other Receivables $715.0M $747.0M
Total Short-Term Assets $5.939B $6.203B
YoY Change 3.59% 3.11%
LONG-TERM ASSETS
Property, Plant & Equipment $48.54B $47.93B
YoY Change -3.69% -3.49%
Goodwill $408.0M $408.0M
YoY Change -7.06% -7.06%
Intangibles
YoY Change
Long-Term Investments $933.0M $942.0M
YoY Change 15.9% 18.64%
Other Assets $8.998B $8.699B
YoY Change 1.87% 1.13%
Total Long-Term Assets $58.47B $57.57B
YoY Change -2.61% -2.52%
TOTAL ASSETS
Total Short-Term Assets $5.939B $6.203B
Total Long-Term Assets $58.47B $57.57B
Total Assets $64.41B $63.77B
YoY Change -2.06% -2.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.306B $1.320B
YoY Change -17.71% -14.67%
Accrued Expenses $521.0M $391.0M
YoY Change -0.76% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $1.880B $1.953B
YoY Change -24.53% -26.13%
Long-Term Debt Due $650.0M $649.0M
YoY Change 101.24% 101.55%
Total Short-Term Liabilities $6.050B $6.072B
YoY Change -12.19% -11.01%
LONG-TERM LIABILITIES
Long-Term Debt $20.65B $20.65B
YoY Change -7.61% -7.66%
Other Long-Term Liabilities $8.633B $8.612B
YoY Change 5.82% 6.2%
Total Long-Term Liabilities $20.65B $20.65B
YoY Change -7.61% -7.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.050B $6.072B
Total Long-Term Liabilities $20.65B $20.65B
Total Liabilities $26.70B $26.72B
YoY Change -8.69% -8.44%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.08B $20.81B
YoY Change
Total Liabilities & Shareholders Equity $64.41B $63.77B
YoY Change -2.06% -2.0%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $526.0M $226.0M
YoY Change -14.19% -11.37%
Depreciation, Depletion And Amortization $512.0M $495.0M
YoY Change -2.48% -8.16%
Cash From Operating Activities $17.00M $1.072B
YoY Change -97.43% -27.76%
INVESTING ACTIVITIES
Capital Expenditures $1.007B $1.064B
YoY Change -188.26% -197.7%
Acquisitions
YoY Change
Other Investing Activities -$93.00M -$102.0M
YoY Change 6.9% 32.47%
Cash From Investing Activities -$1.100B -$1.166B
YoY Change -10.42% 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -327.0M 1.276B
YoY Change -24.31% 76.0%
NET CHANGE
Cash From Operating Activities 17.00M 1.072B
Cash From Investing Activities -1.100B -1.166B
Cash From Financing Activities -327.0M 1.276B
Net Change In Cash -1.410B 1.182B
YoY Change 41.14% 13.33%
FREE CASH FLOW
Cash From Operating Activities $17.00M $1.072B
Capital Expenditures $1.007B $1.064B
Free Cash Flow -$990.0M $8.000M
YoY Change -154.94% -99.69%

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CY2023Q1 ed Number Of Solar Projects
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CY2023Q2 ed Number Of Solar Projects
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CY2023Q2 ed Period To Obtain Counter Party Consent
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CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
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CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
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CY2023Q2 ecd Rule10b51 Arr Adopted Flag
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false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
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false

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