2024 Q2 Form 10-Q Financial Statement

#000003552724000166 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $156.0M $151.0M
YoY Change 8.33% 10.22%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $114.0M $117.0M
YoY Change 0.0% -0.85%
% of Gross Profit
Depreciation & Amortization $21.00M $23.00M
YoY Change -27.59% -25.81%
% of Gross Profit
Operating Expenses $114.0M $117.0M
YoY Change 0.0% -0.85%
Operating Profit
YoY Change
Interest Expense $1.224B
YoY Change 75.86%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $764.0M $658.0M
YoY Change -1.42% -8.36%
Income Tax $163.0M $138.0M
% Of Pretax Income 21.34% 20.97%
Net Earnings $561.0M $480.0M
YoY Change -0.18% -10.28%
Net Earnings / Revenue 359.62% 317.88%
Basic Earnings Per Share $0.82 $0.70
Diluted Earnings Per Share $0.81 $0.70
COMMON SHARES
Basic Shares Outstanding 684.0M shares 681.2M shares
Diluted Shares Outstanding 691.0M shares 691.0M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $2.837B $2.796B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $2.389B $2.376B
YoY Change 5.01% 7.08%
Goodwill $4.918B $4.918B
YoY Change -0.02% 0.06%
Intangibles $107.0M $115.0M
YoY Change -26.71% -26.75%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $213.3B $214.5B
YoY Change 2.89% 2.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $608.0M $596.0M
YoY Change 1.84% 2.41%
Deferred Revenue
YoY Change
Short-Term Debt $3.564B $3.113B
YoY Change -40.4% 484.05%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.604B $5.078B
YoY Change -27.64% 140.66%
LONG-TERM LIABILITIES
Long-Term Debt $16.29B $15.44B
YoY Change 32.7% 19.79%
Other Long-Term Liabilities $5.371B $5.379B
YoY Change 1.03% -2.47%
Total Long-Term Liabilities $21.66B $20.82B
YoY Change 23.13% 13.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.604B $5.078B
Total Long-Term Liabilities $21.66B $20.82B
Total Liabilities $194.0B $195.5B
YoY Change 2.41% 2.73%
SHAREHOLDERS EQUITY
Retained Earnings $23.54B $23.22B
YoY Change 5.26% 5.41%
Common Stock $2.051B $2.051B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.346B $7.227B
YoY Change 1.1% -0.62%
Treasury Stock Shares
Shareholders Equity $19.23B $19.02B
YoY Change
Total Liabilities & Shareholders Equity $213.3B $214.5B
YoY Change 2.89% 2.8%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $561.0M $480.0M
YoY Change -0.18% -10.28%
Depreciation, Depletion And Amortization $21.00M $23.00M
YoY Change -27.59% -25.81%
Cash From Operating Activities $679.0M $386.0M
YoY Change 41.46% -70.78%
INVESTING ACTIVITIES
Capital Expenditures $91.00M $65.00M
YoY Change -35.92% -42.48%
Acquisitions
YoY Change
Other Investing Activities $1.371B -$164.0M
YoY Change 152.49% -92.66%
Cash From Investing Activities $1.280B -$229.0M
YoY Change 219.2% -90.31%
FINANCING ACTIVITIES
Cash Dividend Paid $287.0M
YoY Change -2.38%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.400B
YoY Change 161.72%
Cash From Financing Activities -1.918B -$503.0M
YoY Change 79.76% -241.29%
NET CHANGE
Cash From Operating Activities 679.0M $386.0M
Cash From Investing Activities 1.280B -$229.0M
Cash From Financing Activities -1.918B -$503.0M
Net Change In Cash 41.00M -$346.0M
YoY Change -122.04% -49.56%
FREE CASH FLOW
Cash From Operating Activities $679.0M $386.0M
Capital Expenditures $91.00M $65.00M
Free Cash Flow $588.0M $321.0M
YoY Change 73.96% -73.43%

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