2023 Q1 Form 10-K Financial Statement

#000003991123000015 Filed on March 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2023
Revenue $4.243B $15.62B
YoY Change -6.23% -6.32%
Cost Of Revenue $2.819B $10.26B
YoY Change -6.1% 2.23%
Gross Profit $1.424B $5.359B
YoY Change -6.5% -19.26%
Gross Profit Margin 33.56% 34.32%
Selling, General & Admin $1.425B
YoY Change -4.62%
% of Gross Profit 26.59%
Research & Development $46.00M
YoY Change 12.2%
% of Gross Profit 0.86%
Depreciation & Amortization $138.0M $531.0M
YoY Change 4.55% 5.78%
% of Gross Profit 9.69% 9.91%
Operating Expenses $1.454B $5.428B
YoY Change -3.84% -6.85%
Operating Profit -$30.00M -$69.00M
YoY Change -372.73% -108.52%
Interest Expense -$13.00M $88.00M
YoY Change -18.75% -47.31%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$43.00M -$280.0M
YoY Change 437.5% -229.03%
Income Tax $230.0M $63.00M
% Of Pretax Income
Net Earnings -$273.0M -$202.0M
YoY Change 1606.25% -178.91%
Net Earnings / Revenue -6.43% -1.29%
Basic Earnings Per Share -$0.55
Diluted Earnings Per Share -$0.75 -$0.55
COMMON SHARES
Basic Shares Outstanding 366.2M shares 367.0M shares
Diluted Shares Outstanding 367.0M shares

Balance Sheet

Concept 2023 Q1 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.215B $1.215B
YoY Change 38.54% 38.54%
Cash & Equivalents $1.215B $1.215B
Short-Term Investments
Other Short-Term Assets $1.013B $1.013B
YoY Change -20.24% 16.3%
Inventory $2.389B $2.389B
Prepaid Expenses
Receivables $340.0M $340.0M
Other Receivables $0.00
Total Short-Term Assets $4.617B $4.617B
YoY Change -10.61% -10.61%
LONG-TERM ASSETS
Property, Plant & Equipment $2.688B $5.861B
YoY Change -11.49% -12.68%
Goodwill $207.0M
YoY Change 0.0%
Intangibles $27.00M
YoY Change -25.0%
Long-Term Investments
YoY Change
Other Assets $908.0M $908.0M
YoY Change 2.71% 534.97%
Total Long-Term Assets $6.769B $6.769B
YoY Change -10.89% -10.89%
TOTAL ASSETS
Total Short-Term Assets $4.617B $4.617B
Total Long-Term Assets $6.769B $6.769B
Total Assets $11.39B $11.39B
YoY Change -10.78% -10.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.320B $1.320B
YoY Change -32.34% -32.34%
Accrued Expenses $1.219B $1.886B
YoY Change -10.83% 7.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.256B $3.256B
YoY Change -20.14% -20.14%
LONG-TERM LIABILITIES
Long-Term Debt $1.486B $1.836B
YoY Change 0.13% 23.72%
Other Long-Term Liabilities $152.0M $4.061B
YoY Change -7.88% -9.31%
Total Long-Term Liabilities $5.897B $5.897B
YoY Change -1.09% -1.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.256B $3.256B
Total Long-Term Liabilities $5.897B $5.897B
Total Liabilities $9.153B $9.153B
YoY Change -8.83% -8.83%
SHAREHOLDERS EQUITY
Retained Earnings $2.140B
YoY Change -18.38%
Common Stock $18.00M
YoY Change -5.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.233B $2.233B
YoY Change
Total Liabilities & Shareholders Equity $11.39B $11.39B
YoY Change -10.78% -10.78%

Cashflow Statement

Concept 2023 Q1 2023
OPERATING ACTIVITIES
Net Income -$273.0M -$202.0M
YoY Change 1606.25% -178.91%
Depreciation, Depletion And Amortization $138.0M $531.0M
YoY Change 4.55% 5.78%
Cash From Operating Activities $719.0M $607.0M
YoY Change 466.14% -24.97%
INVESTING ACTIVITIES
Capital Expenditures $108.0M $685.0M
YoY Change -151.92% -1.3%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$108.0M -$227.0M
YoY Change -274.19% -49.1%
FINANCING ACTIVITIES
Cash Dividend Paid $220.0M
YoY Change -2.65%
Common Stock Issuance & Retirement, Net $123.0M
YoY Change -38.81%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -54.00M $6.000M
YoY Change -52.21% -100.41%
NET CHANGE
Cash From Operating Activities 719.0M $607.0M
Cash From Investing Activities -108.0M -$227.0M
Cash From Financing Activities -54.00M $6.000M
Net Change In Cash 557.0M $371.0M
YoY Change 632.89% -133.3%
FREE CASH FLOW
Cash From Operating Activities $719.0M $607.0M
Capital Expenditures $108.0M $685.0M
Free Cash Flow $611.0M -$78.00M
YoY Change 82.39% -167.83%

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<div style="margin-top:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Fiscal Year and Presentation</span></div><div style="margin-top:4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our fiscal year is a 52-week or 53-week period ending on the Saturday closest to January 31. The fiscal years ended January 28, 2023 (fiscal 2022), January 29, 2022 (fiscal 2021), and January 30, 2021 (fiscal 2020) consisted of 52 weeks. The fiscal year ending February 3, 2024 (fiscal 2023) will consist of 53 weeks.</span></div>
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CY2023 dei Auditor Firm
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Files In Submission

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