2024 Q4 Form 10-K Financial Statement

#000003260424000041 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024
Revenue $4.619B $17.49B
YoY Change 12.93% 15.34%
Cost Of Revenue $2.248B $8.607B
YoY Change 8.18% 11.23%
Gross Profit $2.371B $8.885B
YoY Change 17.84% 19.63%
Gross Profit Margin 51.33% 50.79%
Selling, General & Admin $1.315B $5.421B
YoY Change 18.04% 29.5%
% of Gross Profit 55.46% 61.01%
Research & Development $781.0M
YoY Change 49.33%
% of Gross Profit 8.79%
Depreciation & Amortization $426.0M $1.689B
YoY Change 57.2% 60.7%
% of Gross Profit 17.97% 19.01%
Operating Expenses $1.616B $6.627B
YoY Change 34.0% 40.73%
Operating Profit $755.0M $2.258B
YoY Change -6.33% -16.92%
Interest Expense -$18.00M -$10.00M
YoY Change -112.0% -70.59%
% of Operating Profit -2.38% -0.44%
Other Income/Expense, Net $72.00M
YoY Change -50.34%
Pretax Income $679.0M $2.020B
YoY Change -24.89% -25.9%
Income Tax $149.0M $415.0M
% Of Pretax Income 21.94% 20.54%
Net Earnings $996.0M $1.968B
YoY Change 33.87% -85.11%
Net Earnings / Revenue 21.56% 11.25%
Basic Earnings Per Share $1.74 $3.44
Diluted Earnings Per Share $1.73 $3.42
COMMON SHARES
Basic Shares Outstanding 570.2M shares 571.3M shares
Diluted Shares Outstanding 574.0M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.588B $3.588B
YoY Change -55.43% -55.43%
Cash & Equivalents $3.588B $3.588B
Short-Term Investments
Other Short-Term Assets $1.497B $1.497B
YoY Change 20.34% -816.27%
Inventory $2.180B $2.180B
Prepaid Expenses
Receivables $2.927B $2.927B
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.19B $10.19B
YoY Change -26.25% -26.25%
LONG-TERM ASSETS
Property, Plant & Equipment $2.807B $2.807B
YoY Change 18.79% -3.64%
Goodwill $18.07B
YoY Change 24.77%
Intangibles $10.44B
YoY Change 66.63%
Long-Term Investments
YoY Change
Other Assets $2.744B $2.744B
YoY Change 6.94% 95.44%
Total Long-Term Assets $34.05B $34.05B
YoY Change 17.72% 17.72%
TOTAL ASSETS
Total Short-Term Assets $10.19B $10.19B
Total Long-Term Assets $34.05B $34.05B
Total Assets $44.25B $44.25B
YoY Change 3.51% 3.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.335B $1.335B
YoY Change 4.71% 4.71%
Accrued Expenses $3.875B $3.875B
YoY Change 20.72% 64.96%
Deferred Revenue $1.043B
YoY Change 21.14%
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $532.0M $532.0M
YoY Change -2.56% -2.56%
Total Short-Term Liabilities $5.742B $5.742B
YoY Change 14.11% 14.11%
LONG-TERM LIABILITIES
Long-Term Debt $7.155B $7.155B
YoY Change -5.98% -5.98%
Other Long-Term Liabilities $3.840B $3.840B
YoY Change 9.53% 148.22%
Total Long-Term Liabilities $11.00B $11.00B
YoY Change -1.09% 20.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.742B $5.742B
Total Long-Term Liabilities $11.00B $11.00B
Total Liabilities $22.61B $22.61B
YoY Change 40.02% 2.51%
SHAREHOLDERS EQUITY
Retained Earnings $40.83B
YoY Change 1.9%
Common Stock $477.0M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $18.97B
YoY Change 1.63%
Treasury Stock Shares
Shareholders Equity $21.64B $21.64B
YoY Change
Total Liabilities & Shareholders Equity $44.25B $44.25B
YoY Change 3.51% 3.51%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024
OPERATING ACTIVITIES
Net Income $996.0M $1.968B
YoY Change 33.87% -85.11%
Depreciation, Depletion And Amortization $426.0M $1.689B
YoY Change 57.2% 60.7%
Cash From Operating Activities $1.084B $3.332B
YoY Change -268.58% 423.08%
INVESTING ACTIVITIES
Capital Expenditures $168.0M $419.0M
YoY Change -0.59% 15.43%
Acquisitions $8.342B
YoY Change 1083.26%
Other Investing Activities $3.372B -$4.941B
YoY Change -753.49% -3604.26%
Cash From Investing Activities $3.204B -$5.360B
YoY Change -567.74% -143.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$280.0M -$643.0M
YoY Change -132.15%
Debt Paid & Issued, Net $547.0M
YoY Change -26.18%
Cash From Financing Activities -3.038B -2.455B
YoY Change 483.11% -64.02%
NET CHANGE
Cash From Operating Activities 1.084B 3.332B
Cash From Investing Activities 3.204B -5.360B
Cash From Financing Activities -3.038B -2.455B
Net Change In Cash 1.250B -4.483B
YoY Change -167.6% -171.76%
FREE CASH FLOW
Cash From Operating Activities $1.084B $3.332B
Capital Expenditures $168.0M $419.0M
Free Cash Flow $916.0M $2.913B
YoY Change -212.81% 963.14%

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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2024Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2024Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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CY2024Q3 us-gaap Preferred Stock Shares Authorized
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CY2023Q3 us-gaap Preferred Stock Shares Authorized
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