2023 Q4 Form 10-K Financial Statement

#000003260423000044 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023
Revenue $4.117B $4.090B $15.17B
YoY Change 22.06% -23.69% -22.74%
Cost Of Revenue $2.201B $2.078B $7.738B
YoY Change 25.56% -31.71% -32.37%
Gross Profit $1.916B $2.012B $7.427B
YoY Change 18.27% -13.16% -9.29%
Gross Profit Margin 46.54% 49.19% 48.97%
Selling, General & Admin $1.277B $1.114B $4.186B
YoY Change 23.98% -1.94% -1.46%
% of Gross Profit 66.65% 55.37% 56.36%
Research & Development $523.0M
YoY Change -0.57%
% of Gross Profit 7.04%
Depreciation & Amortization $422.0M $271.0M $1.051B
YoY Change 62.31% -14.51% 1.15%
% of Gross Profit 22.03% 13.47% 14.15%
Operating Expenses $1.277B $1.206B $4.709B
YoY Change 23.98% -9.12% -1.13%
Operating Profit $639.0M $806.0M $2.718B
YoY Change 8.31% -18.59% -20.64%
Interest Expense -$44.00M $150.0M -$34.00M
YoY Change -8.33% -383.02% -113.08%
% of Operating Profit -6.89% 18.61% -1.25%
Other Income/Expense, Net $20.00M $145.0M
YoY Change -54.55% 126.56%
Pretax Income $139.0M $904.0M $2.726B
YoY Change -67.06% 0.0% -33.27%
Income Tax $7.000M $209.0M $599.0M
% Of Pretax Income 5.04% 23.12% 21.97%
Net Earnings $142.0M $744.0M $13.22B
YoY Change -93.91% 0.54% 309.13%
Net Earnings / Revenue 3.45% 18.19% 87.17%
Basic Earnings Per Share $0.25 $1.30 $23.00
Diluted Earnings Per Share $0.25 $1.29 $22.88
COMMON SHARES
Basic Shares Outstanding 570.1M shares 574.2M shares
Diluted Shares Outstanding 573.3M shares 577.3M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.076B $8.051B $8.051B
YoY Change -8.59% 346.29% 346.29%
Cash & Equivalents $2.076B $8.051B $8.051B
Short-Term Investments
Other Short-Term Assets $1.399B $1.244B -$209.0M
YoY Change 8.45% -17.23% -113.91%
Inventory $2.432B $2.006B $2.006B
Prepaid Expenses
Receivables $2.759B $2.518B $3.971B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.666B $13.82B $13.82B
YoY Change -3.71% 62.46% 62.46%
LONG-TERM ASSETS
Property, Plant & Equipment $2.701B $2.363B $2.913B
YoY Change 19.35% -29.69% -13.33%
Goodwill $17.98B $14.48B
YoY Change 27.66% -1.24%
Intangibles $11.27B $6.263B
YoY Change 74.46% -6.86%
Long-Term Investments
YoY Change
Other Assets $2.640B $2.566B $1.404B
YoY Change 16.4% 6.08% -41.96%
Total Long-Term Assets $37.85B $28.93B $28.93B
YoY Change 38.93% 6.48% 6.48%
TOTAL ASSETS
Total Short-Term Assets $8.666B $13.82B $13.82B
Total Long-Term Assets $37.85B $28.93B $28.93B
Total Assets $46.51B $42.75B $42.75B
YoY Change 28.34% 19.83% 19.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.234B $1.275B $1.275B
YoY Change 1.23% -37.13% -37.13%
Accrued Expenses $3.304B $3.210B $2.349B
YoY Change -16.33% -11.67% -35.36%
Deferred Revenue $1.133B $861.0M
YoY Change 25.75% 14.65%
Short-Term Debt $0.00 $0.00 $2.000M
YoY Change -99.87%
Long-Term Debt Due $3.227B $546.0M $546.0M
YoY Change 80.08% -74.18% -74.18%
Total Short-Term Liabilities $7.765B $5.032B $5.032B
YoY Change -4.84% -35.3% -35.3%
LONG-TERM LIABILITIES
Long-Term Debt $7.632B $7.610B $7.610B
YoY Change -6.46% -7.86% -7.86%
Other Long-Term Liabilities $4.561B $3.506B $1.547B
YoY Change 49.2% 5.6% -53.4%
Total Long-Term Liabilities $12.19B $11.12B $9.157B
YoY Change 8.71% -4.0% -20.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.765B $5.032B $5.032B
Total Long-Term Liabilities $12.19B $11.12B $9.157B
Total Liabilities $19.96B $16.15B $22.06B
YoY Change 3.0% -36.19% -12.85%
SHAREHOLDERS EQUITY
Retained Earnings $39.91B $40.07B
YoY Change 32.7% 42.84%
Common Stock $477.0M $477.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $18.67B
YoY Change 11.52%
Treasury Stock Shares
Shareholders Equity $20.67B $20.69B $20.69B
YoY Change
Total Liabilities & Shareholders Equity $46.51B $42.75B $42.75B
YoY Change 28.34% 19.83% 19.83%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023
OPERATING ACTIVITIES
Net Income $142.0M $744.0M $13.22B
YoY Change -93.91% 0.54% 309.13%
Depreciation, Depletion And Amortization $422.0M $271.0M $1.051B
YoY Change 62.31% -14.51% 1.15%
Cash From Operating Activities $415.0M -$643.0M $637.0M
YoY Change -0.72% -152.83% -78.2%
INVESTING ACTIVITIES
Capital Expenditures $77.00M $169.0M $363.0M
YoY Change 30.51% -186.22% -168.36%
Acquisitions $8.339B $705.0M
YoY Change -87.64%
Other Investing Activities $37.00M -$516.0M $141.0M
YoY Change 60.87% 216.56% -102.94%
Cash From Investing Activities -$8.452B -$685.0M $12.42B
YoY Change -392.86% 90.81% -332.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.000B
YoY Change -500.0%
Debt Paid & Issued, Net $0.00 $741.0M
YoY Change -100.0% 41.95%
Cash From Financing Activities $2.055B -521.0M -$6.823B
YoY Change -170.98% -65.47% -433.15%
NET CHANGE
Cash From Operating Activities $415.0M -643.0M $637.0M
Cash From Investing Activities -$8.452B -685.0M $12.42B
Cash From Financing Activities $2.055B -521.0M -$6.823B
Net Change In Cash -$5.975B -1.849B $6.247B
YoY Change -1379.44% 184.02% -1816.21%
FREE CASH FLOW
Cash From Operating Activities $415.0M -$643.0M $637.0M
Capital Expenditures $77.00M $169.0M $363.0M
Free Cash Flow $338.0M -$812.0M $274.0M
YoY Change -5.85% -157.47% -92.06%

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CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Fdii Percent
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CY2023Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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AuditorLocation
St. Louis, Missouri
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
emr-20230930_cal.xml Edgar Link unprocessable
emr-20230930_htm.xml Edgar Link completed
0000032604-23-000044-index-headers.html Edgar Link pending
0000032604-23-000044-index.html Edgar Link pending
0000032604-23-000044.txt Edgar Link pending
0000032604-23-000044-xbrl.zip Edgar Link pending
emr-20230930.htm Edgar Link pending
emr-20230930.xsd Edgar Link pending
emr-20230930_g1.jpg Edgar Link pending
exhibit21fy23.htm Edgar Link pending
exhibit23fy23.htm Edgar Link pending
exhibit24fy23.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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emr-20230930_def.xml Edgar Link unprocessable
emr-20230930_lab.xml Edgar Link unprocessable
emr-20230930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
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