2022 Q3 Form 10-Q Financial Statement

#000109980022000020 Filed on July 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $1.319B $1.374B $1.341B
YoY Change 0.67% -0.15% 10.24%
Cost Of Revenue $253.8M $269.4M $299.3M
YoY Change -18.58% -19.41% 2.01%
Gross Profit $1.065B $1.105B $1.042B
YoY Change 6.68% 6.03% 12.86%
Gross Profit Margin 80.76% 80.39% 77.68%
Selling, General & Admin $377.3M $409.0M $370.3M
YoY Change 3.54% 9.21% 11.94%
% of Gross Profit 35.42% 37.03% 35.54%
Research & Development $233.6M $250.8M $228.6M
YoY Change -1.85% 11.32% 10.43%
% of Gross Profit 21.93% 22.71% 21.94%
Depreciation & Amortization $35.40M $34.10M $34.70M
YoY Change 5.36% -4.75% 7.1%
% of Gross Profit 3.32% 3.09% 3.33%
Operating Expenses $610.9M $659.8M $598.9M
YoY Change 1.41% 10.0% 11.36%
Operating Profit $402.4M $459.5M $438.8M
YoY Change 3.1% -15.24% 14.42%
Interest Expense $6.900M $3.700M -$4.000M
YoY Change 1625.0% 19.35% -185.11%
% of Operating Profit 1.71% 0.81% -0.91%
Other Income/Expense, Net -$2.000M $4.300M -$3.300M
YoY Change -242.86% -2.27% -160.0%
Pretax Income $407.3M $464.7M $436.1M
YoY Change 4.2% -14.81% 12.02%
Income Tax $63.80M $58.30M $62.50M
% Of Pretax Income 15.66% 12.55% 14.33%
Net Earnings $343.5M $406.4M $373.6M
YoY Change 1.0% -16.98% 10.47%
Net Earnings / Revenue 26.04% 29.58% 27.86%
Basic Earnings Per Share $0.55 $0.65 $0.60
Diluted Earnings Per Share $0.55 $0.65 $0.59
COMMON SHARES
Basic Shares Outstanding 619.9M shares 620.9M shares 622.1M shares
Diluted Shares Outstanding 624.5M shares 626.7M shares 629.4M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.739B $1.516B $1.496B
YoY Change -3.12% -2.91% 12.42%
Cash & Equivalents $1.248B $1.198B $1.031B
Short-Term Investments $490.9M $317.7M $465.0M
Other Short-Term Assets $267.6M $248.8M $234.5M
YoY Change 10.62% 6.64% 2.36%
Inventory $757.8M $740.0M $730.6M
Prepaid Expenses $88.40M $79.30M $94.10M
Receivables $618.1M $636.4M $636.3M
Other Receivables $43.30M $42.80M $49.90M
Total Short-Term Assets $3.514B $3.263B $3.241B
YoY Change -0.05% -1.8% 5.61%
LONG-TERM ASSETS
Property, Plant & Equipment $1.566B $1.560B $1.552B
YoY Change 6.95% 7.89% 9.47%
Goodwill $1.159B $1.164B $1.166B
YoY Change -1.0% -0.66% -0.38%
Intangibles $266.5M $320.7M $322.0M
YoY Change -18.08% -1.93% -2.51%
Long-Term Investments $21.50M $14.60M $7.700M
YoY Change 155.95% 82.5% 8.45%
Other Assets $316.5M $234.7M $129.4M
YoY Change 136.72% 122.89% 3.11%
Total Long-Term Assets $5.124B $5.162B $5.179B
YoY Change 10.32% 18.96% 24.95%
TOTAL ASSETS
Total Short-Term Assets $3.514B $3.263B $3.241B
Total Long-Term Assets $5.124B $5.162B $5.179B
Total Assets $8.638B $8.425B $8.420B
YoY Change 5.86% 9.96% 16.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $154.9M $162.5M $158.8M
YoY Change 11.04% 12.38% 5.59%
Accrued Expenses $23.50M $627.3M $615.9M
YoY Change -96.74% -1.17% 12.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $917.9M $969.1M $949.9M
YoY Change -5.03% 9.35% 18.89%
LONG-TERM LIABILITIES
Long-Term Debt $596.2M $596.0M $595.9M
YoY Change 0.12% 0.1% 0.12%
Other Long-Term Liabilities $221.1M $222.2M $259.7M
YoY Change -19.75% -17.21% 3.55%
Total Long-Term Liabilities $817.3M $818.2M $855.6M
YoY Change -6.17% -5.28% 1.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $917.9M $969.1M $949.9M
Total Long-Term Liabilities $817.3M $818.2M $855.6M
Total Liabilities $2.420B $2.482B $2.575B
YoY Change -7.58% 41.8% 56.53%
SHAREHOLDERS EQUITY
Retained Earnings $7.192B $6.848B $6.442B
YoY Change 25.45% 26.99% 31.38%
Common Stock $2.560B $2.498B $2.412B
YoY Change 12.08% 12.56% 13.03%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.178B $2.823B
YoY Change 37.05% 27.91%
Treasury Stock Shares 25.20M shares 21.50M shares
Shareholders Equity $6.218B $5.944B $5.845B
YoY Change
Total Liabilities & Shareholders Equity $8.638B $8.425B $8.420B
YoY Change 5.86% 9.96% 16.72%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $343.5M $406.4M $373.6M
YoY Change 1.0% -16.98% 10.47%
Depreciation, Depletion And Amortization $35.40M $34.10M $34.70M
YoY Change 5.36% -4.75% 7.1%
Cash From Operating Activities $309.9M $332.2M $293.3M
YoY Change -41.74% -36.86% -2.4%
INVESTING ACTIVITIES
Capital Expenditures -$59.90M -$43.10M $72.70M
YoY Change -1.32% -37.81% -31.42%
Acquisitions
YoY Change
Other Investing Activities -$141.6M $172.7M $5.200M
YoY Change -55.29% -166.37% -1140.0%
Cash From Investing Activities -$201.5M $129.6M $229.5M
YoY Change -46.61% -139.33% -561.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $405.6M
YoY Change 34.04%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -69.90M -308.1M -$368.1M
YoY Change -279.23% 422.2% 34.2%
NET CHANGE
Cash From Operating Activities 309.9M 332.2M $293.3M
Cash From Investing Activities -201.5M 129.6M $229.5M
Cash From Financing Activities -69.90M -308.1M -$368.1M
Net Change In Cash 38.50M 153.7M $167.9M
YoY Change -80.1% 11.7% -1905.38%
FREE CASH FLOW
Cash From Operating Activities $309.9M $332.2M $293.3M
Capital Expenditures -$59.90M -$43.10M $72.70M
Free Cash Flow $369.8M $375.3M $220.6M
YoY Change -37.6% -36.97% 13.42%

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