2023 Q1 Form 10-K Financial Statement

#000082118923000015 Filed on February 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $6.044B $6.746B $25.70B
YoY Change 51.74% 11.08% 37.87%
Cost Of Revenue $2.120B $2.258B $9.468B
YoY Change 7.18% 21.07% 40.27%
Gross Profit $3.855B $4.488B $16.16B
YoY Change 94.7% 6.65% 36.08%
Gross Profit Margin 63.78% 66.53% 62.87%
Selling, General & Admin $474.0M $545.0M $2.155B
YoY Change -7.78% 19.78% 38.32%
% of Gross Profit 12.3% 12.14% 13.34%
Research & Development $46.00M $43.00M $189.0M
YoY Change 6.98% -46.25% -7.8%
% of Gross Profit 1.19% 0.96% 1.17%
Depreciation & Amortization $798.0M $878.0M $3.542B
YoY Change -5.79% -3.52% -2.99%
% of Gross Profit 20.7% 19.56% 21.92%
Operating Expenses $1.318B $1.466B $5.886B
YoY Change -6.13% 1.45% 8.72%
Operating Profit $2.572B $3.022B $9.966B
YoY Change 371.06% 9.37% 63.32%
Interest Expense $42.00M -$42.00M $179.0M
YoY Change -12.5% 10.53% 0.56%
% of Operating Profit 1.63% -1.39% 1.8%
Other Income/Expense, Net $65.00M $48.00M $114.0M
YoY Change -6600.0% 433.33% 1166.67%
Pretax Income $2.595B $2.859B $9.901B
YoY Change 422.13% 14.41% 66.88%
Income Tax $572.0M $582.0M $2.142B
% Of Pretax Income 22.04% 20.36% 21.63%
Net Earnings $2.023B $2.277B $7.759B
YoY Change 418.72% 14.71% 66.36%
Net Earnings / Revenue 33.47% 33.75% 30.19%
Basic Earnings Per Share $3.46 $13.31
Diluted Earnings Per Share $3.45 $3.88 $13.22
COMMON SHARES
Basic Shares Outstanding 587.7M shares 587.4M shares 583.0M shares
Diluted Shares Outstanding 587.0M shares 587.0M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.018B $5.972B $5.972B
YoY Change 25.17% 14.65% 14.65%
Cash & Equivalents $5.018B $5.972B $5.972B
Short-Term Investments
Other Short-Term Assets $580.0M $574.0M $574.0M
YoY Change -13.56% 25.88% 25.88%
Inventory $1.131B $1.058B $1.058B
Prepaid Expenses
Receivables $2.455B $2.774B $2.774B
Other Receivables $0.00 $97.00M $97.00M
Total Short-Term Assets $9.184B $10.48B $10.48B
YoY Change 8.31% 22.03% 22.03%
LONG-TERM ASSETS
Property, Plant & Equipment $30.22B $29.43B $30.28B
YoY Change 6.19% 3.53% 3.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.587B $1.434B $621.0M
YoY Change 38.85% 18.02% 28.57%
Total Long-Term Assets $31.84B $30.90B $30.90B
YoY Change 7.51% 4.2% 4.2%
TOTAL ASSETS
Total Short-Term Assets $9.184B $10.48B $10.48B
Total Long-Term Assets $31.84B $30.90B $30.90B
Total Assets $41.03B $41.37B $41.37B
YoY Change 7.69% 8.2% 8.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.438B $2.532B $2.532B
YoY Change -8.35% 12.93% 12.93%
Accrued Expenses $354.0M $296.0M $296.0M
YoY Change 58.74% 23.33% 23.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $33.00M $1.283B $1.283B
YoY Change -97.43% 3367.57% 3367.57%
Total Short-Term Liabilities $4.228B $5.513B $5.513B
YoY Change -32.5% 36.39% 36.39%
LONG-TERM LIABILITIES
Long-Term Debt $3.787B $3.795B $3.795B
YoY Change -0.76% -25.18% -25.18%
Other Long-Term Liabilities $2.620B $2.574B $2.574B
YoY Change 19.58% 17.37% 17.37%
Total Long-Term Liabilities $6.407B $6.369B $6.369B
YoY Change 6.66% -12.33% -12.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.228B $5.513B $5.513B
Total Long-Term Liabilities $6.407B $6.369B $6.369B
Total Liabilities $10.64B $11.88B $16.59B
YoY Change -13.33% 5.09% 3.34%
SHAREHOLDERS EQUITY
Retained Earnings $19.42B $18.47B
YoY Change 27.09% 16.04%
Common Stock $206.0M $206.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.45B $24.78B $24.78B
YoY Change
Total Liabilities & Shareholders Equity $41.03B $41.37B $41.37B
YoY Change 7.69% 8.2% 8.2%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $2.023B $2.277B $7.759B
YoY Change 418.72% 14.71% 66.36%
Depreciation, Depletion And Amortization $798.0M $878.0M $3.542B
YoY Change -5.79% -3.52% -2.99%
Cash From Operating Activities $3.255B $3.444B $11.09B
YoY Change 293.12% 8.78% 26.19%
INVESTING ACTIVITIES
Capital Expenditures $1.624B $1.362B $5.000B
YoY Change -260.95% -234.32% -229.87%
Acquisitions
YoY Change
Other Investing Activities $57.00M -$35.00M $30.00M
YoY Change 7.55% -119.77%
Cash From Investing Activities -$1.567B -$1.397B -$5.056B
YoY Change 63.91% 66.91% 47.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $118.0M
YoY Change 187.8%
Debt Paid & Issued, Net $1.250B $0.00
YoY Change -100.0%
Cash From Financing Activities -$2.642B -1.347B -$5.273B
YoY Change 146.46% -4.74% 50.96%
NET CHANGE
Cash From Operating Activities $3.255B 3.444B $11.09B
Cash From Investing Activities -$1.567B -1.397B -$5.056B
Cash From Financing Activities -$2.642B -1.347B -$5.273B
Net Change In Cash -$954.0M 700.0M $763.0M
YoY Change -20.5% -23.5% -59.41%
FREE CASH FLOW
Cash From Operating Activities $3.255B $3.444B $11.09B
Capital Expenditures $1.624B $1.362B $5.000B
Free Cash Flow $1.631B $2.082B $6.093B
YoY Change -11.21% -50.19% -51.8%

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