2023 Q1 Form 10-K Financial Statement

#000088209523000007 Filed on February 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $6.352B $7.389B $27.28B
YoY Change -3.61% 2.0% -0.09%
Cost Of Revenue $1.401B $1.396B $5.615B
YoY Change -1.62% -46.86% -14.94%
Gross Profit $4.951B $5.993B $21.67B
YoY Change -4.16% 29.8% 4.65%
Gross Profit Margin 77.94% 81.11% 79.42%
Selling, General & Admin $1.318B $2.020B $5.673B
YoY Change 21.7% 22.42% 8.14%
% of Gross Profit 26.62% 33.71% 26.18%
Research & Development $1.920B $1.701B $5.912B
YoY Change 61.89% -16.08% 10.24%
% of Gross Profit 38.78% 28.38% 27.29%
Depreciation & Amortization $94.00M $528.0M $323.0M
YoY Change 17.5% -1.31% -1.82%
% of Gross Profit 1.9% 8.81% 1.49%
Operating Expenses $3.237B $3.721B $11.59B
YoY Change 42.66% 1.2% 9.2%
Operating Profit $1.714B $2.272B $10.08B
YoY Change 770.05% 141.7% 1.64%
Interest Expense $26.00M -$227.0M -$935.0M
YoY Change -89.08% 25.41% -193.41%
% of Operating Profit 1.52% -9.99% -9.27%
Other Income/Expense, Net -$431.0M -$9.000M -$581.0M
YoY Change 288.29% -9.08%
Pretax Income $1.300B $2.031B $5.814B
YoY Change -955.26% 167.59% -29.77%
Income Tax $316.0M $398.0M $1.248B
% Of Pretax Income 24.31% 19.6% 21.47%
Net Earnings $1.010B $1.640B $4.592B
YoY Change 5215.79% 329.32% -26.23%
Net Earnings / Revenue 15.9% 22.2% 16.83%
Basic Earnings Per Share $0.81 $3.66
Diluted Earnings Per Share $0.80 $1.297M $3.639M
COMMON SHARES
Basic Shares Outstanding 1.247B shares 1.254B shares 1.255B shares
Diluted Shares Outstanding 1.261B shares 1.262B shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.872B $7.630B $7.630B
YoY Change 10.27% 17.02% 17.02%
Cash & Equivalents $4.936B $7.630B $7.630B
Short-Term Investments $936.0M $973.0M $973.0M
Other Short-Term Assets $1.846B $1.774B $1.774B
YoY Change -9.29% -17.14% -17.14%
Inventory $1.576B $2.820B $2.820B
Prepaid Expenses
Receivables $4.162B $4.777B $4.777B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $13.46B $15.23B $15.23B
YoY Change 6.55% 3.08% 3.08%
LONG-TERM ASSETS
Property, Plant & Equipment $5.479B $5.475B $5.475B
YoY Change 4.3% 6.91% -3.32%
Goodwill $8.314B $8.314B
YoY Change 0.0% -0.22%
Intangibles $28.35B $28.89B
YoY Change -6.54% -13.63%
Long-Term Investments $1.327B $1.245B $1.245B
YoY Change -7.01% -4.89% -4.89%
Other Assets $4.952B $5.261B $5.261B
YoY Change -3.39% 6.0% 19.0%
Total Long-Term Assets $48.42B $47.94B $47.94B
YoY Change -4.03% -9.85% -9.85%
TOTAL ASSETS
Total Short-Term Assets $13.46B $15.23B $15.23B
Total Long-Term Assets $48.42B $47.94B $47.94B
Total Assets $61.88B $63.17B $63.17B
YoY Change -1.91% -7.04% -7.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $627.0M $905.0M $905.0M
YoY Change 7.55% 28.37% 28.37%
Accrued Expenses $6.479B $7.100B $7.100B
YoY Change 85.11% 15.54% -6.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.283B $2.273B $2.273B
YoY Change 122.73% 49.93% 49.93%
Total Short-Term Liabilities $10.53B $11.24B $11.24B
YoY Change 23.02% -3.21% -3.21%
LONG-TERM LIABILITIES
Long-Term Debt $22.96B $22.96B $22.96B
YoY Change -8.84% -8.82% -8.82%
Other Long-Term Liabilities $1.277B $30.73B $30.73B
YoY Change 35.28% 3048.05% 435.0%
Total Long-Term Liabilities $24.23B $30.73B $30.73B
YoY Change -7.25% 17.47% -0.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.53B $11.24B $11.24B
Total Long-Term Liabilities $24.23B $30.73B $30.73B
Total Liabilities $34.76B $41.96B $41.96B
YoY Change 0.22% 11.11% -10.5%
SHAREHOLDERS EQUITY
Retained Earnings $15.22B $15.69B
YoY Change 1.58% -3.9%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.00B $21.21B $21.21B
YoY Change
Total Liabilities & Shareholders Equity $61.88B $63.17B $63.17B
YoY Change -1.91% -7.04% -7.04%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $1.010B $1.640B $4.592B
YoY Change 5215.79% 329.32% -26.23%
Depreciation, Depletion And Amortization $94.00M $528.0M $323.0M
YoY Change 17.5% -1.31% -1.82%
Cash From Operating Activities $1.744B $2.567B $9.072B
YoY Change -5.22% -19.91% -20.31%
INVESTING ACTIVITIES
Capital Expenditures $109.0M $181.0M $728.0M
YoY Change -55.87% -216.03% 25.73%
Acquisitions $551.0M $1.797B
YoY Change 1736.67% 28.17%
Other Investing Activities $5.000M -$922.0M -$2.466B
YoY Change -99.36% 655.74% -1612.88%
Cash From Investing Activities -$826.0M -$375.0M -$2.466B
YoY Change -22.8% 34.89% -21.24%
FINANCING ACTIVITIES
Cash Dividend Paid $969.0M $3.709B
YoY Change 2.54% 2.88%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.406B -1.554B -6.469B
YoY Change -21.63% -19.98% -27.13%
NET CHANGE
Cash From Operating Activities $1.744B 2.567B 9.072B
Cash From Investing Activities -$826.0M -375.0M -2.466B
Cash From Financing Activities -$1.406B -1.554B -6.469B
Net Change In Cash -$476.0M 638.0M 137.0M
YoY Change -54.32% -35.23% -120.79%
FREE CASH FLOW
Cash From Operating Activities $1.744B $2.567B $9.072B
Capital Expenditures $109.0M $181.0M $728.0M
Free Cash Flow $1.635B $2.386B $8.344B
YoY Change 2.64% -29.01% -22.78%

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