2024 Q3 Form 10-Q Financial Statement

#000113689324000113 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $2.570B $2.489B
YoY Change 3.25% -33.56%
Cost Of Revenue $1.593B $1.538B
YoY Change 4.6% -29.68%
Gross Profit $977.0M $951.0M
YoY Change 1.14% -39.0%
Gross Profit Margin 38.02% 38.21%
Selling, General & Admin $521.0M $609.0M
YoY Change 7.64% -41.05%
% of Gross Profit 53.33% 64.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $432.0M $431.0M
YoY Change -6.7% -51.41%
% of Gross Profit 44.22% 45.32%
Operating Expenses $521.0M $609.0M
YoY Change 7.64% -41.1%
Operating Profit $490.0M $378.0M
YoY Change 3.16% -28.0%
Interest Expense -$64.00M -$43.00M
YoY Change -62.79% -75.57%
% of Operating Profit -13.06% -11.38%
Other Income/Expense, Net -$38.00M -$13.00M
YoY Change -272.73% -56.67%
Pretax Income $388.0M $322.0M
YoY Change 15.82% -104.94%
Income Tax $108.0M $89.00M
% Of Pretax Income 27.84% 27.64%
Net Earnings $224.0M $243.0M
YoY Change -149.89% -103.68%
Net Earnings / Revenue 8.72% 9.76%
Basic Earnings Per Share $0.41 $0.44
Diluted Earnings Per Share $0.41 $0.44
COMMON SHARES
Basic Shares Outstanding 545.6M shares 556.3M shares
Diluted Shares Outstanding 548.0M shares 557.0M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.323B $2.131B
YoY Change 183.91% 7.52%
Cash & Equivalents $1.323B $2.131B
Short-Term Investments
Other Short-Term Assets $1.935B $1.609B
YoY Change -79.95% 139.08%
Inventory
Prepaid Expenses
Receivables $1.929B $1.844B
Other Receivables $883.0M $867.0M
Total Short-Term Assets $6.070B $6.451B
YoY Change -50.05% -39.43%
LONG-TERM ASSETS
Property, Plant & Equipment $620.0M $645.0M
YoY Change -9.09% -22.2%
Goodwill $17.05B $16.98B
YoY Change 1.42% -38.66%
Intangibles $1.400B $1.508B
YoY Change -28.09% -81.35%
Long-Term Investments $4.133B $4.086B
YoY Change
Other Assets $1.644B $1.591B
YoY Change 1.73% -48.04%
Total Long-Term Assets $28.28B $28.15B
YoY Change -31.07% -34.43%
TOTAL ASSETS
Total Short-Term Assets $6.070B $6.451B
Total Long-Term Assets $28.28B $28.15B
Total Assets $34.35B $34.60B
YoY Change -35.41% -35.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $220.0M $101.0M
YoY Change -85.06% -96.18%
Accrued Expenses $1.371B $1.514B
YoY Change
Deferred Revenue $839.0M $864.0M
YoY Change 13.53% 5.62%
Short-Term Debt $112.0M $0.00
YoY Change -97.56% -100.0%
Long-Term Debt Due $317.0M $578.0M
YoY Change -75.98% -26.37%
Total Short-Term Liabilities $5.142B $4.786B
YoY Change -68.02% -66.86%
LONG-TERM LIABILITIES
Long-Term Debt $10.49B $10.58B
YoY Change -17.66% -22.11%
Other Long-Term Liabilities $1.426B $1.354B
YoY Change -3.52% -28.47%
Total Long-Term Liabilities $11.92B $11.94B
YoY Change -16.19% -22.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.142B $4.786B
Total Long-Term Liabilities $11.92B $11.94B
Total Liabilities $17.78B $17.56B
YoY Change -47.24% -47.29%
SHAREHOLDERS EQUITY
Retained Earnings -$22.34B -$22.30B
YoY Change -2.04% 1.16%
Common Stock $6.000M $6.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.57B $17.04B
YoY Change
Total Liabilities & Shareholders Equity $34.35B $34.60B
YoY Change -35.41% -35.42%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $224.0M $243.0M
YoY Change -149.89% -103.68%
Depreciation, Depletion And Amortization $432.0M $431.0M
YoY Change -6.7% -51.41%
Cash From Operating Activities $981.0M $442.0M
YoY Change -10.08% -59.34%
INVESTING ACTIVITIES
Capital Expenditures $244.0M $183.0M
YoY Change -18.12% -31.46%
Acquisitions
YoY Change
Other Investing Activities -$81.00M -$30.00M
YoY Change -345.45% -3.23%
Cash From Investing Activities -$325.0M -$213.0M
YoY Change 22.64% -28.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.161B -1.399B
YoY Change 20.81% 74.66%
NET CHANGE
Cash From Operating Activities 981.0M 442.0M
Cash From Investing Activities -325.0M -213.0M
Cash From Financing Activities -1.161B -1.399B
Net Change In Cash -505.0M -1.170B
YoY Change 274.07% 9650.0%
FREE CASH FLOW
Cash From Operating Activities $981.0M $442.0M
Capital Expenditures $244.0M $183.0M
Free Cash Flow $737.0M $259.0M
YoY Change -7.06% -68.41%

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