2023 Q3 Form 10-Q Financial Statement
#000106121923000017 Filed on August 09, 2023
Income Statement
| Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
|---|---|---|---|
| Revenue | $12.00B | $10.65B | $16.06B |
| YoY Change | -22.43% | -33.68% | 69.95% |
| Cost Of Revenue | $8.786B | $7.679B | $13.45B |
| YoY Change | -28.68% | -42.92% | 83.1% |
| Gross Profit | $3.212B | $2.972B | $2.608B |
| YoY Change | 2.0% | 13.96% | 24.0% |
| Gross Profit Margin | 26.77% | 27.9% | 16.24% |
| Selling, General & Admin | $59.00M | $56.00M | $62.00M |
| YoY Change | 7.27% | -9.68% | 20.39% |
| % of Gross Profit | 1.84% | 1.88% | 2.38% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $476.0M | $453.0M | $553.0M |
| YoY Change | 6.73% | -18.08% | 5.13% |
| % of Gross Profit | 14.82% | 15.24% | 21.2% |
| Operating Expenses | $1.045B | $951.0M | $946.0M |
| YoY Change | 6.52% | 0.53% | 25.61% |
| Operating Profit | $1.695B | $1.579B | $1.662B |
| YoY Change | -0.99% | -4.99% | 23.1% |
| Interest Expense | $328.0M | $302.0M | -$194.0M |
| YoY Change | 6.15% | -255.67% | 30.73% |
| % of Operating Profit | 19.35% | 19.13% | -11.67% |
| Other Income/Expense, Net | -$323.0M | -$283.0M | -$6.000M |
| YoY Change | 6.95% | 4616.67% | -4.76% |
| Pretax Income | $1.372B | $1.296B | $1.457B |
| YoY Change | -2.7% | -11.05% | 23.77% |
| Income Tax | $22.00M | $13.00M | $17.00M |
| % Of Pretax Income | 1.6% | 1.0% | 1.17% |
| Net Earnings | $1.318B | $1.253B | $1.412B |
| YoY Change | -3.09% | -11.26% | 26.94% |
| Net Earnings / Revenue | 10.99% | 11.76% | 8.79% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $0.60 | $0.57 | $641.5K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 2.172B | 2.175B | 2.180B |
| Diluted Shares Outstanding | 2.194B | 2.196B | 2.201B |
Balance Sheet
| Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $171.0M | $183.0M | $231.0M |
| YoY Change | 2.4% | -20.78% | -42.89% |
| Cash & Equivalents | $171.0M | $183.0M | $231.0M |
| Short-Term Investments | |||
| Other Short-Term Assets | $976.0M | $886.0M | $933.0M |
| YoY Change | -2.89% | -5.04% | -19.77% |
| Inventory | $3.345B | $2.497B | $3.234B |
| Prepaid Expenses | |||
| Receivables | $6.940B | $6.138B | $8.563B |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $11.43B | $9.704B | $12.96B |
| YoY Change | 3.16% | -25.13% | 25.7% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $45.34B | $45.05B | $44.49B |
| YoY Change | 2.66% | 1.26% | 5.35% |
| Goodwill | $5.608B | $5.608B | |
| YoY Change | 0.0% | ||
| Intangibles | $3.821B | $3.871B | |
| YoY Change | -4.71% | ||
| Long-Term Investments | $2.337B | $2.332B | $2.374B |
| YoY Change | -0.81% | -1.77% | -2.81% |
| Other Assets | $1.266B | $1.160B | $857.0M |
| YoY Change | 4.28% | 35.36% | 4.36% |
| Total Long-Term Assets | $58.37B | $58.03B | $57.39B |
| YoY Change | 1.77% | 1.11% | 5.31% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $11.43B | $9.704B | $12.96B |
| Total Long-Term Assets | $58.37B | $58.03B | $57.39B |
| Total Assets | $69.80B | $67.73B | $70.35B |
| YoY Change | 2.0% | -3.73% | 8.56% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.110B | $1.089B | $935.0M |
| YoY Change | 47.21% | 16.47% | -1.62% |
| Accrued Expenses | $8.770B | $7.519B | $11.31B |
| YoY Change | 6.25% | -33.49% | 57.95% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $1.470B | $1.204B | $1.889B |
| YoY Change | -44.61% | -36.26% | 35.03% |
| Total Short-Term Liabilities | $12.48B | $10.71B | $14.98B |
| YoY Change | -3.27% | -28.5% | 42.26% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $27.45B | $27.44B | $26.89B |
| YoY Change | 3.38% | 2.05% | -0.95% |
| Other Long-Term Liabilities | $1.007B | $915.0M | $898.0M |
| YoY Change | 7.36% | 1.89% | 23.1% |
| Total Long-Term Liabilities | $28.45B | $28.36B | $27.79B |
| YoY Change | 3.52% | 2.04% | -0.32% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $12.48B | $10.71B | $14.98B |
| Total Long-Term Liabilities | $28.45B | $28.36B | $27.79B |
| Total Liabilities | $40.93B | $39.07B | $44.42B |
| YoY Change | 1.35% | -12.05% | 11.09% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $27.20B | $27.00B | $25.93B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $69.80B | $67.73B | $70.35B |
| YoY Change | 2.0% | -3.73% | 8.56% |
Cashflow Statement
| Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $1.318B | $1.253B | $1.412B |
| YoY Change | -3.09% | -11.26% | 26.94% |
| Depreciation, Depletion And Amortization | $476.0M | $453.0M | $553.0M |
| YoY Change | 6.73% | -18.08% | 5.13% |
| Cash From Operating Activities | $1.718B | $1.902B | $2.119B |
| YoY Change | 63.62% | -10.24% | 6.27% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $821.0M | $780.0M | -$382.0M |
| YoY Change | -273.94% | -304.19% | -38.6% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $3.000M | $15.00M | $46.00M |
| YoY Change | -90.32% | -67.39% | -8.91% |
| Cash From Investing Activities | -$818.0M | -$765.0M | -$336.0M |
| YoY Change | 85.49% | 127.68% | -41.23% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -863.0M | -1.136B | -1.839B |
| YoY Change | 14.91% | -38.23% | 60.53% |
| NET CHANGE | |||
| Cash From Operating Activities | 1.718B | 1.902B | 2.119B |
| Cash From Investing Activities | -818.0M | -765.0M | -336.0M |
| Cash From Financing Activities | -863.0M | -1.136B | -1.839B |
| Net Change In Cash | 37.00M | 1.000M | -56.00M |
| YoY Change | -126.06% | -101.79% | -120.25% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $1.718B | $1.902B | $2.119B |
| Capital Expenditures | $821.0M | $780.0M | -$382.0M |
| Free Cash Flow | $897.0M | $1.122B | $2.501B |
| YoY Change | -41.06% | -55.14% | -4.4% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q2 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
75000000 | |
| CY2022Q2 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
2000000 | |
| CY2022Q2 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
3000000 | |
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001061219 | ||
| CY2023Q2 | us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
0.57 | |
| CY2022Q2 | us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
0.64 | |
| us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
1.2 | ||
| us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
1.23 | ||
| CY2023Q2 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
50412 | |
| CY2022Q4 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
|
17600000000 | |
| CY2023Q2 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
|
13800000000 |
