2024 Q2 Form 10-Q Financial Statement

#000083125924000019 Filed on May 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $6.624B $6.321B
YoY Change 15.46% 17.29%
Cost Of Revenue $4.384B $4.439B
YoY Change 7.03% 24.55%
Gross Profit $2.240B $1.882B
YoY Change 36.5% 3.12%
Gross Profit Margin 33.82% 29.77%
Selling, General & Admin $123.0M $144.0M
YoY Change 6.96% 14.29%
% of Gross Profit 5.49% 7.65%
Research & Development $40.00M $37.00M
YoY Change -4.76% 19.35%
% of Gross Profit 1.79% 1.97%
Depreciation & Amortization $509.0M $595.0M
YoY Change -6.95% 49.12%
% of Gross Profit 22.72% 31.62%
Operating Expenses $123.0M $144.0M
YoY Change -46.75% 14.29%
Operating Profit $2.049B $1.634B
YoY Change 45.32% 2.06%
Interest Expense -$88.00M -$89.00M
YoY Change -48.54% -41.06%
% of Operating Profit -4.29% -5.45%
Other Income/Expense, Net $69.00M $129.0M
YoY Change 187.5% 46.59%
Pretax Income $2.030B $1.674B
YoY Change 60.09% 8.84%
Income Tax $754.0M $512.0M
% Of Pretax Income 37.14% 30.59%
Net Earnings $1.280B $1.162B
YoY Change 278.7% 10.77%
Net Earnings / Revenue 19.32% 18.38%
Basic Earnings Per Share $0.42 $0.33
Diluted Earnings Per Share $0.42 $0.32
COMMON SHARES
Basic Shares Outstanding 1.436B shares 1.434B shares
Diluted Shares Outstanding 1.445B shares 1.444B shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.273B $5.208B
YoY Change -21.1% -23.99%
Cash & Equivalents $5.273B $5.208B
Short-Term Investments
Other Short-Term Assets $389.0M $385.0M
YoY Change -17.58% -18.6%
Inventory $6.474B $5.977B
Prepaid Expenses
Receivables $1.128B $1.494B
Other Receivables $428.0M $744.0M
Total Short-Term Assets $14.72B $14.84B
YoY Change 4.73% 0.65%
LONG-TERM ASSETS
Property, Plant & Equipment $36.78B $36.20B
YoY Change 8.68% 9.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.843B $1.846B
YoY Change -38.67% 4.35%
Total Long-Term Assets $39.91B $39.36B
YoY Change 8.31% 8.83%
TOTAL ASSETS
Total Short-Term Assets $14.72B $14.84B
Total Long-Term Assets $39.91B $39.36B
Total Assets $54.64B $54.20B
YoY Change 7.32% 6.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.910B $3.672B
YoY Change 7.36% -4.28%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $768.0M $769.0M
YoY Change 1975.68% 1469.39%
Total Short-Term Liabilities $6.136B $6.305B
YoY Change 28.15% 19.39%
LONG-TERM LIABILITIES
Long-Term Debt $8.658B $8.656B
YoY Change -8.46% -9.7%
Other Long-Term Liabilities $1.581B $1.573B
YoY Change -74.87% -1.44%
Total Long-Term Liabilities $10.24B $10.23B
YoY Change -34.99% -8.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.136B $6.305B
Total Long-Term Liabilities $10.24B $10.23B
Total Liabilities $25.95B $26.09B
YoY Change -25.23% 3.29%
SHAREHOLDERS EQUITY
Retained Earnings -$970.0M -$1.586B
YoY Change -66.56% -51.11%
Common Stock $162.0M $162.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.835B $5.817B
YoY Change 1.14% 0.83%
Treasury Stock Shares
Shareholders Equity $17.40B $16.97B
YoY Change
Total Liabilities & Shareholders Equity $54.64B $54.20B
YoY Change 7.32% 6.46%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $1.280B $1.162B
YoY Change 278.7% 10.77%
Depreciation, Depletion And Amortization $509.0M $595.0M
YoY Change -6.95% 49.12%
Cash From Operating Activities $1.956B $1.896B
YoY Change 16.92% 80.57%
INVESTING ACTIVITIES
Capital Expenditures $1.017B $1.188B
YoY Change -9.12% 10.31%
Acquisitions
YoY Change
Other Investing Activities -$91.00M -$5.000M
YoY Change 10.98% -126.32%
Cash From Investing Activities -$1.108B -$1.277B
YoY Change -7.74% 9.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -786.0M -$342.0M
YoY Change 22.81% -70.82%
NET CHANGE
Cash From Operating Activities 1.956B $1.896B
Cash From Investing Activities -1.108B -$1.277B
Cash From Financing Activities -786.0M -$342.0M
Net Change In Cash 62.00M $277.0M
YoY Change -136.9% -121.54%
FREE CASH FLOW
Cash From Operating Activities $1.956B $1.896B
Capital Expenditures $1.017B $1.188B
Free Cash Flow $939.0M $708.0M
YoY Change 69.49% -2722.22%

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