2022 Q3 Form 10-Q Financial Statement

#000003991122000071 Filed on August 26, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $3.857B $3.477B $4.525B
YoY Change -8.41% -12.88% 2.28%
Cost Of Revenue $2.527B $2.381B $3.002B
YoY Change 5.82% 0.85% 8.93%
Gross Profit $1.330B $1.096B $1.523B
YoY Change -27.04% -32.76% -8.69%
Gross Profit Margin 34.48% 31.52% 33.66%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $132.0M $130.0M $132.0M
YoY Change 6.45% 8.33% 4.76%
% of Gross Profit 9.92% 11.86% 8.67%
Operating Expenses $1.358B $1.293B $1.512B
YoY Change -3.96% -6.98% 3.21%
Operating Profit -$28.00M -$197.0M $11.00M
YoY Change -106.85% -182.08% -94.58%
Interest Expense $21.00M $20.00M -$16.00M
YoY Change -58.82% -62.96% -71.93%
% of Operating Profit -145.45%
Other Income/Expense, Net
YoY Change
Pretax Income -$48.00M -$216.0M -$8.000M
YoY Change -113.37% -215.51% -110.39%
Income Tax $1.000M -$54.00M $26.00M
% Of Pretax Income
Net Earnings -$49.00M -$162.0M -$16.00M
YoY Change -118.99% -197.59% -106.84%
Net Earnings / Revenue -1.27% -4.66% -0.35%
Basic Earnings Per Share -$0.13 -$0.44
Diluted Earnings Per Share -$0.13 -$0.44 -$42.90K
COMMON SHARES
Basic Shares Outstanding 367.0M shares 370.0M shares 369.8M shares
Diluted Shares Outstanding 367.0M shares 370.0M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $708.0M $845.0M $877.0M
YoY Change -73.89% -66.75% -63.43%
Cash & Equivalents $708.0M $845.0M $877.0M
Short-Term Investments $0.00 $0.00 $0.00
Other Short-Term Assets $1.106B $991.0M $1.270B
YoY Change -7.91% -9.17% 9.58%
Inventory $3.135B $3.169B $3.018B
Prepaid Expenses
Receivables $399.0M
Other Receivables
Total Short-Term Assets $4.949B $5.005B $5.165B
YoY Change -20.1% -16.61% -14.03%
LONG-TERM ASSETS
Property, Plant & Equipment $2.809B $2.791B $3.037B
YoY Change -3.04% -1.69% 6.9%
Goodwill $207.0M
YoY Change 89.91%
Intangibles $36.00M
YoY Change
Long-Term Investments
YoY Change
Other Assets $881.0M $874.0M $884.0M
YoY Change 27.13% 24.32% 25.75%
Total Long-Term Assets $7.222B $7.252B $7.596B
YoY Change -4.53% -4.6% -2.13%
TOTAL ASSETS
Total Short-Term Assets $4.949B $5.005B $5.165B
Total Long-Term Assets $7.222B $7.252B $7.596B
Total Assets $12.17B $12.26B $12.76B
YoY Change -11.54% -9.9% -7.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.640B $1.599B $1.951B
YoY Change 3.6% 4.51% 11.93%
Accrued Expenses $1.216B $1.127B $1.367B
YoY Change -2.88% -12.91% 7.13%
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 $3.614B $3.472B $4.077B
YoY Change -1.01% -4.56% 4.97%
LONG-TERM LIABILITIES
Long-Term Debt $1.485B $1.485B $1.484B
YoY Change -33.11% -33.05% -33.03%
Other Long-Term Liabilities $4.417B $4.496B $165.0M
YoY Change -9.26% -9.02% 7.84%
Total Long-Term Liabilities $6.252B $6.331B $5.962B
YoY Change -11.79% -11.58% -18.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.614B $3.472B $4.077B
Total Long-Term Liabilities $6.252B $6.331B $5.962B
Total Liabilities $9.866B $9.803B $10.04B
YoY Change -8.13% -9.21% -10.0%
SHAREHOLDERS EQUITY
Retained Earnings $2.241B $2.389B $2.622B
YoY Change -22.16% -10.42% 4.84%
Common Stock $18.00M $19.00M $19.00M
YoY Change -5.26% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.305B $2.454B $2.722B
YoY Change
Total Liabilities & Shareholders Equity $12.17B $12.26B $12.76B
YoY Change -11.54% -9.9% -7.32%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$49.00M -$162.0M -$16.00M
YoY Change -118.99% -197.59% -106.84%
Depreciation, Depletion And Amortization $132.0M $130.0M $132.0M
YoY Change 6.45% 8.33% 4.76%
Cash From Operating Activities $155.0M -$362.0M $127.0M
YoY Change -65.71% -206.47% -178.4%
INVESTING ACTIVITIES
Capital Expenditures -$178.0M $228.0M -$208.0M
YoY Change 22.76% 83.87% 100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $333.0M $270.0M
YoY Change -100.0% -1000.0% -216.88%
Cash From Investing Activities -$178.0M $105.0M $62.00M
YoY Change 217.86% -165.22% -118.51%
FINANCING ACTIVITIES
Cash Dividend Paid $56.00M
YoY Change -38.46%
Common Stock Issuance & Retirement, Net $54.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -111.0M $233.0M -113.0M
YoY Change 30.59% -337.76% -2360.0%
NET CHANGE
Cash From Operating Activities 155.0M -$362.0M 127.0M
Cash From Investing Activities -178.0M $105.0M 62.00M
Cash From Financing Activities -111.0M $233.0M -113.0M
Net Change In Cash -134.0M -$31.00M 76.00M
YoY Change -143.09% -138.75% -115.45%
FREE CASH FLOW
Cash From Operating Activities $155.0M -$362.0M $127.0M
Capital Expenditures -$178.0M $228.0M -$208.0M
Free Cash Flow $333.0M -$590.0M $335.0M
YoY Change -44.22% -373.15% -677.59%

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CY2022Q3 gps Amounts Subject To Enforceable Master Netting Arrangements
AmountsSubjectToEnforceableMasterNettingArrangements
0 usd
CY2021Q3 gps Amounts Subject To Enforceable Master Netting Arrangements
AmountsSubjectToEnforceableMasterNettingArrangements
0 usd
CY2022Q1 gps Amounts Subject To Enforceable Master Netting Arrangements
AmountsSubjectToEnforceableMasterNettingArrangements
0 usd
CY2022Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2527000000 usd
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
1358000000 usd
CY2021Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2388000000 usd
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
1414000000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
4908000000 usd
us-gaap Operating Expenses
OperatingExpenses
2651000000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
4749000000 usd
us-gaap Operating Expenses
OperatingExpenses
2804000000 usd
CY2022Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
5700000 shares
CY2021Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1800000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
9400000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1800000 shares
CY2022Q3 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
57000000 usd
CY2021Q3 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
55000000 usd
us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
111000000 usd
us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
55000000 usd
CY2022Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
9.99
CY2021Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
31.55
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
11.77
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
31.55
CY2019Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000 usd
CY2022Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
488000000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
367000000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
369000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
377000000 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
8000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
8000000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
367000000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
386000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
369000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
385000000 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17000000 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3000000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12000000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3000000 shares
CY2022Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
0 usd
CY2022Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
0 usd
CY2021Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
0 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-35000000 usd
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-59000000 usd

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0000039911-22-000071.txt Edgar Link pending
0000039911-22-000071-xbrl.zip Edgar Link pending
exhibit101ablwconformedsig.htm Edgar Link pending
exhibit103haioofferletter-.htm Edgar Link pending
exhibit104syngalreleaseagr.htm Edgar Link pending
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exhibit321q22022.htm Edgar Link pending
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gps-20220730_cal.xml Edgar Link unprocessable
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