2021 Q2 Form 10-Q Financial Statement

#000082705221000051 Filed on July 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $3.315B $2.987B
YoY Change 10.98% 6.22%
Cost Of Revenue $1.283B $1.068B
YoY Change 20.13% -5.9%
Gross Profit $2.032B $1.919B
YoY Change 5.89% 14.43%
Gross Profit Margin 61.3% 64.25%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $548.0M $504.0M
YoY Change 8.73% 48.67%
% of Gross Profit 26.97% 26.26%
Operating Expenses $1.404B $1.354B
YoY Change 3.69% 34.46%
Operating Profit $585.0M $500.0M
YoY Change 17.0% 0.0%
Interest Expense $232.0M $229.0M
YoY Change 1.31% 8.53%
% of Operating Profit 39.66% 45.8%
Other Income/Expense, Net $76.00M $81.00M
YoY Change -6.17% 47.27%
Pretax Income $429.0M $352.0M
YoY Change 21.88% 2.33%
Income Tax $68.00M $4.000M
% Of Pretax Income 15.85% 1.14%
Net Earnings $361.0M $318.0M
YoY Change 13.52% -18.88%
Net Earnings / Revenue 10.89% 10.65%
Basic Earnings Per Share $0.84 $0.85
Diluted Earnings Per Share $0.84 $0.85
COMMON SHARES
Basic Shares Outstanding 380.0M 375.0M
Diluted Shares Outstanding 380.0M 376.0M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $84.00M $524.0M
YoY Change -83.97% 103.89%
Cash & Equivalents $84.00M $524.0M
Short-Term Investments
Other Short-Term Assets $198.0M $153.0M
YoY Change 29.41% 41.67%
Inventory $406.0M $382.0M
Prepaid Expenses $57.00M $49.00M
Receivables $1.314B $936.0M
Other Receivables $0.00 $108.0M
Total Short-Term Assets $4.921B $4.796B
YoY Change 2.61% 21.85%
LONG-TERM ASSETS
Property, Plant & Equipment $48.99B $45.55B
YoY Change 7.54% 7.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.965B $4.650B
YoY Change 6.77% 3.24%
Other Assets $893.0M $2.246B
YoY Change -60.24% -8.55%
Total Long-Term Assets $66.24B $62.26B
YoY Change 6.4% 12.0%
TOTAL ASSETS
Total Short-Term Assets $4.921B $4.796B
Total Long-Term Assets $66.24B $62.26B
Total Assets $71.16B $67.05B
YoY Change 6.13% 12.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.797B $1.657B
YoY Change 8.45% 5.01%
Accrued Expenses $216.0M $377.0M
YoY Change -42.71% 249.07%
Deferred Revenue
YoY Change
Short-Term Debt $2.821B $475.0M
YoY Change 493.89% -60.84%
Long-Term Debt Due $415.0M $1.029B
YoY Change -59.67% 114.82%
Total Short-Term Liabilities $7.815B $5.899B
YoY Change 32.48% 4.13%
LONG-TERM LIABILITIES
Long-Term Debt $22.89B $19.24B
YoY Change 18.99% 21.12%
Other Long-Term Liabilities $2.782B $2.941B
YoY Change -5.41% 25.9%
Total Long-Term Liabilities $25.67B $22.18B
YoY Change 15.75% 21.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.815B $5.899B
Total Long-Term Liabilities $25.67B $22.18B
Total Liabilities $53.85B $50.61B
YoY Change 6.41% 8.58%
SHAREHOLDERS EQUITY
Retained Earnings $8.229B $8.410B
YoY Change -2.15% 2.29%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.41B $16.45B
YoY Change
Total Liabilities & Shareholders Equity $71.16B $67.05B
YoY Change 6.13% 12.65%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $361.0M $318.0M
YoY Change 13.52% -18.88%
Depreciation, Depletion And Amortization $548.0M $504.0M
YoY Change 8.73% 48.67%
Cash From Operating Activities -$1.446B $310.0M
YoY Change -566.45% -20.1%
INVESTING ACTIVITIES
Capital Expenditures -$1.235B -$1.246B
YoY Change -0.88% 7.32%
Acquisitions
YoY Change
Other Investing Activities $105.0M $132.0M
YoY Change -20.45% 1100.0%
Cash From Investing Activities -$1.130B -$1.114B
YoY Change 1.44% -3.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.271B -8.000M
YoY Change -28487.5% -101.25%
NET CHANGE
Cash From Operating Activities -1.446B 310.0M
Cash From Investing Activities -1.130B -1.114B
Cash From Financing Activities 2.271B -8.000M
Net Change In Cash -305.0M -812.0M
YoY Change -62.44% 576.67%
FREE CASH FLOW
Cash From Operating Activities -$1.446B $310.0M
Capital Expenditures -$1.235B -$1.246B
Free Cash Flow -$211.0M $1.556B
YoY Change -113.56% 0.45%

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