2024 Q2 Form 10-Q Financial Statement

#000007274124000010 Filed on May 03, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $2.534B $3.333B $3.796B
YoY Change -3.65% -12.2% 9.34%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $240.4M $337.6M $236.9M
YoY Change -24.87% 42.51% -54.99%
% of Gross Profit
Operating Expenses $1.931B $2.487B $3.046B
YoY Change -6.65% -18.37% 8.47%
Operating Profit $602.5M $846.0M $749.6M
YoY Change 7.45% 12.86% 13.04%
Interest Expense $271.3M $250.7M $194.5M
YoY Change -230.86% 28.89% 26.92%
% of Operating Profit 45.03% 29.63% 25.95%
Other Income/Expense, Net $115.3M $91.00M $89.00M
YoY Change 21.53% 2.25% 24.3%
Pretax Income $446.5M $686.3M $644.0M
YoY Change 845.42% 6.56% 10.77%
Income Tax $109.2M $162.5M $151.0M
% Of Pretax Income 24.47% 23.68% 23.44%
Net Earnings $337.2M $523.7M $493.0M
YoY Change 2086.62% 6.22% 10.71%
Net Earnings / Revenue 13.31% 15.72% 12.99%
Basic Earnings Per Share $0.95 $1.49 $1.41
Diluted Earnings Per Share $0.95 $1.49 $1.41
COMMON SHARES
Basic Shares Outstanding 352.3M shares 349.7M shares 348.5M shares
Diluted Shares Outstanding 353.4M shares 351.0M shares 349.6M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.38M $259.2M $35.98M
YoY Change -20.86% 620.54% -22.09%
Cash & Equivalents $132.6M $360.4M $36.00M
Short-Term Investments
Other Short-Term Assets $365.2M $387.9M $468.3M
YoY Change -3.39% -17.18% 33.45%
Inventory $532.4M $555.2M $423.3M
Prepaid Expenses
Receivables $1.473B $1.593B $1.660B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.673B $4.881B $4.136B
YoY Change 25.56% 18.0% 19.08%
LONG-TERM ASSETS
Property, Plant & Equipment $41.13B $40.29B $36.74B
YoY Change 9.44% 9.65% 8.54%
Goodwill $4.532B $4.532B $4.523B
YoY Change 0.21% 0.21% 1.02%
Intangibles
YoY Change
Long-Term Investments $949.0M $741.7M $2.303B
YoY Change -57.39% -67.79% 49.01%
Other Assets $643.8M $619.5M $560.6M
YoY Change 9.45% 10.5% -40.6%
Total Long-Term Assets $53.68B $52.44B $49.97B
YoY Change 5.63% 4.95% 9.07%
TOTAL ASSETS
Total Short-Term Assets $4.673B $4.881B $4.136B
Total Long-Term Assets $53.68B $52.44B $49.97B
Total Assets $58.35B $57.32B $54.11B
YoY Change 6.99% 5.95% 9.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.759B $1.664B $1.822B
YoY Change 13.5% -8.69% 21.92%
Accrued Expenses $327.8M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.402B $2.103B $1.196B
YoY Change 152.3% 75.9% -28.36%
Long-Term Debt Due $1.328B $865.4M $1.615B
YoY Change -35.6% -46.43% 97.7%
Total Short-Term Liabilities $6.253B $6.368B $6.405B
YoY Change 7.91% -0.58% 14.35%
LONG-TERM LIABILITIES
Long-Term Debt $25.84B $24.93B $20.56B
YoY Change 18.67% 21.24% 14.79%
Other Long-Term Liabilities $966.6M $983.9M $884.7M
YoY Change 6.54% 11.21% 2.6%
Total Long-Term Liabilities $26.80B $25.91B $21.45B
YoY Change 18.18% 20.82% 14.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.253B $6.368B $6.405B
Total Long-Term Liabilities $26.80B $25.91B $21.45B
Total Liabilities $33.06B $32.28B $27.85B
YoY Change 16.09% 15.9% 14.26%
SHAREHOLDERS EQUITY
Retained Earnings $4.497B $4.414B $5.783B
YoY Change -19.16% -23.68% 10.59%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $185.4M $209.4M
YoY Change -11.44% -13.66%
Treasury Stock Shares 11.18M shares
Shareholders Equity $14.82B $14.54B $15.75B
YoY Change
Total Liabilities & Shareholders Equity $58.35B $57.32B $54.11B
YoY Change 6.99% 5.95% 9.77%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $337.2M $523.7M $493.0M
YoY Change 2086.62% 6.22% 10.71%
Depreciation, Depletion And Amortization $240.4M $337.6M $236.9M
YoY Change -24.87% 42.51% -54.99%
Cash From Operating Activities $670.7M $291.3M $69.16M
YoY Change 16.02% 321.23% -81.41%
INVESTING ACTIVITIES
Capital Expenditures $1.071B $1.149B $977.1M
YoY Change 0.86% 17.64% 27.79%
Acquisitions
YoY Change
Other Investing Activities -$412.7M -$5.850M -$5.640M
YoY Change 45.43% 3.72% -5.62%
Cash From Investing Activities -$1.484B -$1.447B -$1.052B
YoY Change 10.25% 37.59% 22.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $400.0M
YoY Change -100.0% -48.05%
Cash From Financing Activities 585.7M $1.350B $623.4M
YoY Change -25.23% 116.47% 45.02%
NET CHANGE
Cash From Operating Activities 670.7M $291.3M $69.16M
Cash From Investing Activities -1.484B -$1.447B -$1.052B
Cash From Financing Activities 585.7M $1.350B $623.4M
Net Change In Cash -227.8M $194.0M -$359.0M
YoY Change -1595.98% -154.04% 536.28%
FREE CASH FLOW
Cash From Operating Activities $670.7M $291.3M $69.16M
Capital Expenditures $1.071B $1.149B $977.1M
Free Cash Flow -$400.8M -$858.1M -$907.9M
YoY Change -17.24% -5.49% 131.23%

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Files In Submission

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