2022 Q2 Form 10-Q Financial Statement

#000004053322000013 Filed on April 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q2
Revenue $9.392B $9.389B
YoY Change 0.03% 1.35%
Cost Of Revenue $7.858B $7.892B
YoY Change -0.43% 0.55%
Gross Profit $1.534B $1.497B
YoY Change 2.47% 5.8%
Gross Profit Margin 16.33% 15.94%
Selling, General & Admin $626.0M $559.0M
YoY Change 11.99% -2.61%
% of Gross Profit 40.81% 37.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $139.0M $136.0M
YoY Change 2.21% -37.9%
% of Gross Profit 9.06% 9.08%
Operating Expenses $626.0M $559.0M
YoY Change 11.99% -2.61%
Operating Profit $908.0M $938.0M
YoY Change -3.2% 12.47%
Interest Expense -$98.00M -$123.0M
YoY Change -20.33% -6.82%
% of Operating Profit -10.79% -13.11%
Other Income/Expense, Net $39.00M $30.00M
YoY Change 30.0% 20.0%
Pretax Income $849.0M $845.0M
YoY Change 0.47% 16.23%
Income Tax $119.0M $137.0M
% Of Pretax Income 14.02% 16.21%
Net Earnings $730.0M $708.0M
YoY Change 3.11% 13.28%
Net Earnings / Revenue 7.77% 7.54%
Basic Earnings Per Share
Diluted Earnings Per Share $2.608M $2.484M
COMMON SHARES
Basic Shares Outstanding 277.1M shares 284.1M shares
Diluted Shares Outstanding 279.9M shares 285.2M shares

Balance Sheet

Concept 2022 Q2 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.082B $2.006B
YoY Change 53.64% -19.73%
Cash & Equivalents $2.900B $1.800B
Short-Term Investments $182.0M $206.0M
Other Short-Term Assets $1.436B $1.731B
YoY Change -17.04% 84.35%
Inventory $5.548B $5.688B
Prepaid Expenses
Receivables $3.015B $3.191B
Other Receivables $0.00 $0.00
Total Short-Term Assets $20.79B $20.41B
YoY Change 1.89% -3.44%
LONG-TERM ASSETS
Property, Plant & Equipment $5.450B $5.090B
YoY Change 7.07% 7.82%
Goodwill $20.11B $19.97B
YoY Change 0.71% 1.29%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.592B $2.450B
YoY Change 5.8% -0.04%
Total Long-Term Assets $30.08B $29.56B
YoY Change 1.78% 1.61%
TOTAL ASSETS
Total Short-Term Assets $20.79B $20.41B
Total Long-Term Assets $30.08B $29.56B
Total Assets $50.88B $49.96B
YoY Change 1.83% -0.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.190B $2.736B
YoY Change 16.59% 14.81%
Accrued Expenses $1.466B $1.413B
YoY Change 3.75% -7.34%
Deferred Revenue $6.363B $5.694B
YoY Change 11.75% -8.34%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.005B $3.186B
YoY Change -68.46% -22.69%
Total Short-Term Liabilities $14.04B $15.15B
YoY Change -7.37% -8.75%
LONG-TERM LIABILITIES
Long-Term Debt $10.49B $9.995B
YoY Change 4.96% -4.54%
Other Long-Term Liabilities $8.335B $9.475B
YoY Change -12.03% 2.37%
Total Long-Term Liabilities $18.83B $19.47B
YoY Change -3.31% -1.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.04B $15.15B
Total Long-Term Liabilities $18.83B $19.47B
Total Liabilities $32.86B $34.62B
YoY Change -5.09% -4.7%
SHAREHOLDERS EQUITY
Retained Earnings $35.80B $33.87B
YoY Change 5.7% 4.88%
Common Stock $482.0M $482.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $19.84B $18.59B
YoY Change 6.74% 4.36%
Treasury Stock Shares
Shareholders Equity $18.01B $15.34B
YoY Change
Total Liabilities & Shareholders Equity $50.88B $49.96B
YoY Change 1.83% -0.52%

Cashflow Statement

Concept 2022 Q2 2021 Q2
OPERATING ACTIVITIES
Net Income $730.0M $708.0M
YoY Change 3.11% 13.28%
Depreciation, Depletion And Amortization $139.0M $136.0M
YoY Change 2.21% -37.9%
Cash From Operating Activities $1.968B $3.000M
YoY Change 65500.0% -99.64%
INVESTING ACTIVITIES
Capital Expenditures $141.0M $134.0M
YoY Change 5.22% -160.63%
Acquisitions
YoY Change
Other Investing Activities $6.000M -$3.000M
YoY Change -300.0% -101.7%
Cash From Investing Activities -$147.0M -$131.0M
YoY Change 12.21% 191.11%
FINANCING ACTIVITIES
Cash Dividend Paid $330.0M $315.0M
YoY Change 4.76% 0.0%
Common Stock Issuance & Retirement, Net $294.0M $759.0M
YoY Change -61.26%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$517.0M -$873.0M
YoY Change -40.78% -77.13%
NET CHANGE
Cash From Operating Activities $1.968B $3.000M
Cash From Investing Activities -$147.0M -$131.0M
Cash From Financing Activities -$517.0M -$873.0M
Net Change In Cash $1.304B -$1.013B
YoY Change -228.73% -66.57%
FREE CASH FLOW
Cash From Operating Activities $1.968B $3.000M
Capital Expenditures $141.0M $134.0M
Free Cash Flow $1.827B -$131.0M
YoY Change -1494.66% -112.43%

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