2024 Q3 Form 10-Q Financial Statement

#000006598424000095 Filed on August 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $3.389B $2.954B
YoY Change -5.74% 3.78%
Cost Of Revenue $249.4M $239.0M
YoY Change -28.44% -0.97%
Gross Profit $3.140B $2.715B
YoY Change -3.31% 4.22%
Gross Profit Margin 92.64% 91.91%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $614.8M $606.1M
YoY Change 11.43% 7.53%
% of Gross Profit 19.58% 22.33%
Operating Expenses $2.014B $2.097B
YoY Change -2.5% 13.43%
Operating Profit $1.126B $617.6M
YoY Change -1.53% -18.3%
Interest Expense -$230.8M $289.6M
YoY Change -190.36% 15.43%
% of Operating Profit -20.5% 46.89%
Other Income/Expense, Net $30.51M -$242.7M
YoY Change 247.93% -1215.75%
Pretax Income $861.2M $85.37M
YoY Change -3.96% -83.8%
Income Tax $9.000M $33.63M
% Of Pretax Income 1.05% 39.4%
Net Earnings $645.8M $51.73M
YoY Change -3.16% -86.8%
Net Earnings / Revenue 19.05% 1.75%
Basic Earnings Per Share $3.01 $0.23
Diluted Earnings Per Share $2.99 $0.23
COMMON SHARES
Basic Shares Outstanding 213.8M shares 213.5M shares
Diluted Shares Outstanding 215.7M shares 214.4M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.412B $1.355B
YoY Change -7.1% 13.47%
Cash & Equivalents $1.412B $1.355B
Short-Term Investments
Other Short-Term Assets $906.2M $1.053B
YoY Change 19.87% -9.3%
Inventory $1.779B $1.751B
Prepaid Expenses
Receivables $917.4M $1.581B
Other Receivables $203.2M $227.1M
Total Short-Term Assets $5.218B $5.147B
YoY Change -2.1% 9.69%
LONG-TERM ASSETS
Property, Plant & Equipment $421.0M $417.6M
YoY Change 0.25% 0.27%
Goodwill $374.1M $374.1M
YoY Change -0.81% -0.81%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $380.6M $392.8M
YoY Change 19.9% 13.78%
Total Long-Term Assets $59.24B $57.62B
YoY Change 7.28% 4.72%
TOTAL ASSETS
Total Short-Term Assets $5.218B $5.147B
Total Long-Term Assets $59.24B $57.62B
Total Assets $64.46B $62.77B
YoY Change 6.46% 5.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.523B $1.315B
YoY Change 14.01% -13.72%
Accrued Expenses $328.2M $294.3M
YoY Change 4.06% 1.08%
Deferred Revenue $462.2M
YoY Change 6.39%
Short-Term Debt $1.122B $932.4M
YoY Change -16.93% -15.88%
Long-Term Debt Due $1.317B $1.517B
YoY Change -13.58% -17.95%
Total Short-Term Liabilities $5.859B $5.487B
YoY Change 0.18% -6.7%
LONG-TERM LIABILITIES
Long-Term Debt $26.56B $26.30B
YoY Change 7.72% 8.14%
Other Long-Term Liabilities $11.93B $11.56B
YoY Change 11.12% 6.51%
Total Long-Term Liabilities $43.24B $42.38B
YoY Change 6.34% 5.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.859B $5.487B
Total Long-Term Liabilities $43.24B $42.38B
Total Liabilities $49.10B $47.87B
YoY Change 5.56% 3.76%
SHAREHOLDERS EQUITY
Retained Earnings $11.99B $11.58B
YoY Change 7.09% 7.72%
Common Stock $2.810M $7.789B
YoY Change -99.96% 1.99%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.840B $4.884B
YoY Change -2.37% -1.51%
Treasury Stock Shares
Shareholders Equity $15.03B $14.57B
YoY Change
Total Liabilities & Shareholders Equity $64.46B $62.77B
YoY Change 6.46% 5.11%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $645.8M $51.73M
YoY Change -3.16% -86.8%
Depreciation, Depletion And Amortization $614.8M $606.1M
YoY Change 11.43% 7.53%
Cash From Operating Activities $1.562B $1.025B
YoY Change 11.2% 18.34%
INVESTING ACTIVITIES
Capital Expenditures $1.558B $1.191B
YoY Change 38.02% -1.56%
Acquisitions
YoY Change
Other Investing Activities $22.62M $12.68M
YoY Change -555.68% -73.75%
Cash From Investing Activities -$1.535B -$1.179B
YoY Change 35.42% 1.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 29.40M 213.6M
YoY Change -45.6% -144.42%
NET CHANGE
Cash From Operating Activities 1.562B 1.025B
Cash From Investing Activities -1.535B -1.179B
Cash From Financing Activities 29.40M 213.6M
Net Change In Cash 56.65M 60.31M
YoY Change -82.59% -107.77%
FREE CASH FLOW
Cash From Operating Activities $1.562B $1.025B
Capital Expenditures $1.558B $1.191B
Free Cash Flow $4.628M -$165.9M
YoY Change -98.33% -51.72%

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