2023 Q1 Form 10-Q Financial Statement

#000155118223000008 Filed on May 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q1
Revenue $5.483B
YoY Change 13.21%
Cost Of Revenue $3.599B
YoY Change 10.09%
Gross Profit $1.884B
YoY Change 19.7%
Gross Profit Margin 34.36%
Selling, General & Admin $904.0M
YoY Change 14.43%
% of Gross Profit 47.98%
Research & Development $179.0M
YoY Change 8.48%
% of Gross Profit 9.5%
Depreciation & Amortization $238.0M
YoY Change -2.46%
% of Gross Profit 12.63%
Operating Expenses $1.083B
YoY Change 13.4%
Operating Profit $801.0M
YoY Change 29.4%
Interest Expense -$50.00M
YoY Change 56.25%
% of Operating Profit -6.24%
Other Income/Expense, Net $11.00M
YoY Change 37.5%
Pretax Income $762.0M
YoY Change 23.1%
Income Tax $123.0M
% Of Pretax Income 16.14%
Net Earnings $638.0M
YoY Change 19.92%
Net Earnings / Revenue 11.64%
Basic Earnings Per Share $1.60
Diluted Earnings Per Share $1.59
COMMON SHARES
Basic Shares Outstanding 398.0M shares
Diluted Shares Outstanding 400.5M shares

Balance Sheet

Concept 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $524.0M
YoY Change 3.76%
Cash & Equivalents $235.0M
Short-Term Investments $289.0M
Other Short-Term Assets $771.0M
YoY Change 9.36%
Inventory $3.604B
Prepaid Expenses
Receivables $4.239B
Other Receivables $0.00
Total Short-Term Assets $9.138B
YoY Change 11.52%
LONG-TERM ASSETS
Property, Plant & Equipment $3.206B
YoY Change 3.49%
Goodwill $14.89B
YoY Change -0.41%
Intangibles $5.386B
YoY Change -10.41%
Long-Term Investments
YoY Change
Other Assets $1.975B
YoY Change -6.49%
Total Long-Term Assets $26.38B
YoY Change -2.35%
TOTAL ASSETS
Total Short-Term Assets $9.138B
Total Long-Term Assets $26.38B
Total Assets $35.52B
YoY Change 0.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.118B
YoY Change 8.75%
Accrued Expenses $350.0M
YoY Change 5.74%
Deferred Revenue $586.0M
YoY Change 46.13%
Short-Term Debt $87.00M
YoY Change -92.2%
Long-Term Debt Due $8.000M
YoY Change -99.54%
Total Short-Term Liabilities $6.087B
YoY Change -26.27%
LONG-TERM LIABILITIES
Long-Term Debt $8.701B
YoY Change 28.66%
Other Long-Term Liabilities $1.417B
YoY Change -3.28%
Total Long-Term Liabilities $11.95B
YoY Change 16.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.087B
Total Long-Term Liabilities $11.95B
Total Liabilities $18.03B
YoY Change -2.8%
SHAREHOLDERS EQUITY
Retained Earnings $8.757B
YoY Change 13.62%
Common Stock $12.50B
YoY Change 0.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.45B
YoY Change
Total Liabilities & Shareholders Equity $35.52B
YoY Change 0.88%

Cashflow Statement

Concept 2023 Q1
OPERATING ACTIVITIES
Net Income $638.0M
YoY Change 19.92%
Depreciation, Depletion And Amortization $238.0M
YoY Change -2.46%
Cash From Operating Activities $335.0M
YoY Change 697.62%
INVESTING ACTIVITIES
Capital Expenditures $126.0M
YoY Change 9.57%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $14.00M
YoY Change -17.65%
Cash From Investing Activities -$124.0M
YoY Change -83.73%
FINANCING ACTIVITIES
Cash Dividend Paid $334.0M
YoY Change 4.38%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$281.0M
YoY Change -143.1%
NET CHANGE
Cash From Operating Activities $335.0M
Cash From Investing Activities -$124.0M
Cash From Financing Activities -$281.0M
Net Change In Cash -$59.00M
YoY Change -1.67%
FREE CASH FLOW
Cash From Operating Activities $335.0M
Capital Expenditures $126.0M
Free Cash Flow $209.0M
YoY Change -386.3%

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