2021 Q1 Form 10-Q Financial Statement

#000082118921000047 Filed on May 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1 2019 Q4
Revenue $3.694B $4.718B $4.320B
YoY Change -21.7% 16.25% -5.56%
Cost Of Revenue $1.455B $1.783B $1.916B
YoY Change -18.38% -6.21% -4.74%
Gross Profit $2.245B $2.919B $2.285B
YoY Change -23.08% 35.01% -8.01%
Gross Profit Margin 60.77% 61.86% 52.88%
Selling, General & Admin $325.0M $271.6M $324.9M
YoY Change 19.66% -9.35% 5.83%
% of Gross Profit 14.48% 9.31% 14.22%
Research & Development $38.00M $32.80M $28.60M
YoY Change 15.85% 9.7% 4.38%
% of Gross Profit 1.69% 1.12% 1.25%
Depreciation & Amortization $900.0M $1.000B $959.2M
YoY Change -10.0% 13.69% 4.26%
% of Gross Profit 40.09% 34.26% 41.98%
Operating Expenses $1.263B $1.305B $1.313B
YoY Change -3.18% 7.9% 4.65%
Operating Profit $932.0M $58.00M $863.8M
YoY Change 1506.9% -93.38% -23.09%
Interest Expense $47.00M $45.00M -$40.70M
YoY Change 4.44% -18.04% -27.32%
% of Operating Profit 5.04% 77.59% -4.71%
Other Income/Expense, Net -$4.000M $18.00M $8.200M
YoY Change -122.22% 220.74% -61.32%
Pretax Income $881.0M $31.00M $831.2M
YoY Change 2741.94% -96.25% -23.62%
Income Tax $204.0M $21.00M $194.7M
% Of Pretax Income 23.16% 67.74% 23.42%
Net Earnings $677.0M $10.00M $636.5M
YoY Change 6670.0% -98.43% -28.7%
Net Earnings / Revenue 18.33% 0.21% 14.73%
Basic Earnings Per Share $1.17 $0.02 $1.10
Diluted Earnings Per Share $1.16 $0.02 $1.10
COMMON SHARES
Basic Shares Outstanding 580.0M shares 578.0M shares 578.2M shares
Diluted Shares Outstanding 583.0M shares 580.0M shares 580.8M shares

Balance Sheet

Concept 2021 Q1 2020 Q1 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.388B $2.907B $2.028B
YoY Change 16.55% 155.9% 30.33%
Cash & Equivalents $3.388B $2.907B $2.028B
Short-Term Investments
Other Short-Term Assets $413.0M $229.9M $323.4M
YoY Change 79.64% -12.83% 17.42%
Inventory $562.0M $662.4M $767.3M
Prepaid Expenses
Receivables $1.828B $1.450B $1.619B
Other Receivables $0.00 $309.0M $151.0M
Total Short-Term Assets $6.191B $6.491B $5.273B
YoY Change -4.62% 32.26% 4.27%
LONG-TERM ASSETS
Property, Plant & Equipment $28.67B $29.69B $30.36B
YoY Change -3.46% 1.94% 8.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.310B $1.446B $1.484B
YoY Change -9.43% -11.01% 85.36%
Total Long-Term Assets $29.98B $31.14B $31.85B
YoY Change -3.73% 1.26% 10.3%
TOTAL ASSETS
Total Short-Term Assets $6.191B $6.491B $5.273B
Total Long-Term Assets $29.98B $31.14B $31.85B
Total Assets $36.17B $37.63B $37.13B
YoY Change -3.89% 5.53% 9.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.945B $2.892B $2.429B
YoY Change -32.75% 17.94% 8.45%
Accrued Expenses $269.0M $322.0M $369.0M
YoY Change -16.46% -18.69% 71.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $39.00M $519.0M $1.015B
YoY Change -92.49% -43.27% 11.11%
Total Short-Term Liabilities $3.312B $4.305B $4.487B
YoY Change -23.07% 0.09% 20.35%
LONG-TERM LIABILITIES
Long-Term Debt $5.094B $4.703B $4.161B
YoY Change 8.31% -8.96% -19.52%
Other Long-Term Liabilities $2.178B $2.064B $1.790B
YoY Change 5.51% 16.47% 42.24%
Total Long-Term Liabilities $7.272B $6.767B $5.951B
YoY Change 7.46% -2.46% -7.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.312B $4.305B $4.487B
Total Long-Term Liabilities $7.272B $6.767B $5.951B
Total Liabilities $10.58B $11.07B $10.44B
YoY Change -4.41% -1.49% 2.77%
SHAREHOLDERS EQUITY
Retained Earnings $14.61B $15.44B $15.65B
YoY Change -5.4% 9.89% 15.55%
Common Stock $206.0M $205.8M $205.8M
YoY Change 0.09% 0.01% 0.01%
Preferred Stock
YoY Change
Treasury Stock (at cost) $15.00M $24.81M $26.53M
YoY Change -39.53% -44.89% -37.1%
Treasury Stock Shares 232.2K shares 319.2K shares 298.8K shares
Shareholders Equity $20.76B $21.47B $21.64B
YoY Change
Total Liabilities & Shareholders Equity $36.17B $37.63B $37.12B
YoY Change -3.89% 5.53% 9.4%

Cashflow Statement

Concept 2021 Q1 2020 Q1 2019 Q4
OPERATING ACTIVITIES
Net Income $677.0M $10.00M $636.5M
YoY Change 6670.0% -98.43% -28.7%
Depreciation, Depletion And Amortization $900.0M $1.000B $959.2M
YoY Change -10.0% 13.69% 4.26%
Cash From Operating Activities $1.870B $2.585B $1.807B
YoY Change -27.66% 60.78% -13.33%
INVESTING ACTIVITIES
Capital Expenditures -$917.0M -$1.689B -$1.368B
YoY Change -45.7% -15.58% 5.08%
Acquisitions
YoY Change
Other Investing Activities $96.00M $157.9M $171.3M
YoY Change -39.2% 44.33% 1563.11%
Cash From Investing Activities -$821.0M -$1.531B -$1.197B
YoY Change -46.37% -19.04% -7.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.00M $5.000M
YoY Change 100.0% -19.97%
Debt Paid & Issued, Net $750.0M $0.00
YoY Change
Cash From Financing Activities -$988.0M -$175.0M -165.1M
YoY Change 464.57% 28.13% -65.36%
NET CHANGE
Cash From Operating Activities $1.870B $2.585B 1.807B
Cash From Investing Activities -$821.0M -$1.531B -1.197B
Cash From Financing Activities -$988.0M -$175.0M -165.1M
Net Change In Cash $59.00M $879.0M 445.0M
YoY Change -93.29% -309.38% 40.51%
FREE CASH FLOW
Cash From Operating Activities $1.870B $2.585B $1.807B
Capital Expenditures -$917.0M -$1.689B -$1.368B
Free Cash Flow $2.787B $4.274B $3.175B
YoY Change -34.79% 18.45% -6.26%

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