2024 Q1 Form 10-K Financial Statement

#000088209524000007 Filed on February 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $6.686B $7.115B $27.12B
YoY Change 5.26% -3.71% -0.6%
Cost Of Revenue $1.552B $1.611B $6.019B
YoY Change 10.78% 15.4% 7.2%
Gross Profit $5.134B $5.504B $21.10B
YoY Change 3.7% -8.16% -2.63%
Gross Profit Margin 76.79% 77.36% 77.8%
Selling, General & Admin $1.308B $1.608B $6.090B
YoY Change -0.76% -20.4% 7.35%
% of Gross Profit 25.48% 29.22% 28.87%
Research & Development $1.454B $1.799B $6.875B
YoY Change -24.27% 5.76% 16.29%
% of Gross Profit 28.32% 32.69% 32.59%
Depreciation & Amortization $94.00M $688.0M $354.0M
YoY Change 0.0% 30.3% 9.6%
% of Gross Profit 1.83% 12.5% 1.68%
Operating Expenses $2.762B $3.407B $12.97B
YoY Change -14.67% -8.44% 11.91%
Operating Profit $2.372B $2.097B $8.132B
YoY Change 38.39% -7.7% -19.33%
Interest Expense -$240.0M -$252.0M -$944.0M
YoY Change -1023.08% 11.01% 0.96%
% of Operating Profit -10.12% -12.02% -11.61%
Other Income/Expense, Net $76.00M $293.0M $198.0M
YoY Change -117.63% -3355.56% -134.08%
Pretax Income -$4.486B $1.653B $6.859B
YoY Change -445.08% -18.61% 17.97%
Income Tax -$315.0M $236.0M $1.247B
% Of Pretax Income 14.28% 18.18%
Net Earnings -$4.170B $1.429B $5.665B
YoY Change -512.87% -12.87% 23.37%
Net Earnings / Revenue -62.37% 20.08% 20.89%
Basic Earnings Per Share -$3.34 $4.54
Diluted Earnings Per Share -$3.34 $1.14 $4.50
COMMON SHARES
Basic Shares Outstanding 1.246B shares 1.246B shares 1.248B shares
Diluted Shares Outstanding 1.247B shares 1.258B shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.718B $8.428B $8.428B
YoY Change -19.65% 10.46% 10.46%
Cash & Equivalents $4.718B $8.428B $8.428B
Short-Term Investments $0.00 $1.179B $1.179B
Other Short-Term Assets $2.801B $2.374B $2.374B
YoY Change 51.73% 33.82% 33.82%
Inventory $3.363B $3.366B $3.366B
Prepaid Expenses
Receivables $4.669B $4.660B $4.660B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $12.75B $16.45B $16.45B
YoY Change -5.25% 8.06% 8.06%
LONG-TERM ASSETS
Property, Plant & Equipment $5.321B $5.317B $5.317B
YoY Change -2.88% -2.89% -2.89%
Goodwill $8.314B $8.314B
YoY Change 0.0% 0.0%
Intangibles $23.43B $26.45B
YoY Change -17.36% -8.44%
Long-Term Investments $359.0M $1.163B $1.163B
YoY Change -72.95% -6.59% -6.59%
Other Assets $6.479B $5.586B $5.586B
YoY Change 30.84% 6.18% 6.18%
Total Long-Term Assets $43.54B $45.67B $45.67B
YoY Change -10.07% -4.74% -4.74%
TOTAL ASSETS
Total Short-Term Assets $12.75B $16.45B $16.45B
Total Long-Term Assets $43.54B $45.67B $45.67B
Total Assets $56.29B $62.13B $62.13B
YoY Change -9.02% -1.66% -1.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $622.0M $550.0M $550.0M
YoY Change -0.8% -39.23% -39.23%
Accrued Expenses $5.394B $7.724B $7.724B
YoY Change -16.75% 8.79% 8.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.667B $1.798B $1.798B
YoY Change 60.62% -20.9% -20.9%
Total Short-Term Liabilities $13.02B $11.28B $11.28B
YoY Change 23.62% 0.38% 0.38%
LONG-TERM LIABILITIES
Long-Term Debt $21.53B $23.19B $23.19B
YoY Change -6.22% 1.01% 1.01%
Other Long-Term Liabilities $25.82B $28.10B $28.10B
YoY Change 1922.08% -8.56% -8.56%
Total Long-Term Liabilities $25.82B $28.10B $28.10B
YoY Change 6.56% -8.56% -8.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.02B $11.28B $11.28B
Total Long-Term Liabilities $25.82B $28.10B $28.10B
Total Liabilities $38.84B $39.38B $39.38B
YoY Change 11.73% -6.16% -6.16%
SHAREHOLDERS EQUITY
Retained Earnings $10.66B $16.30B
YoY Change -30.0% 3.93%
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 $17.46B $22.75B $22.75B
YoY Change
Total Liabilities & Shareholders Equity $56.29B $62.13B $62.13B
YoY Change -9.02% -1.66% -1.66%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$4.170B $1.429B $5.665B
YoY Change -512.87% -12.87% 23.37%
Depreciation, Depletion And Amortization $94.00M $688.0M $354.0M
YoY Change 0.0% 30.3% 9.6%
Cash From Operating Activities $2.219B $2.169B $8.006B
YoY Change 27.24% -15.5% -11.75%
INVESTING ACTIVITIES
Capital Expenditures $105.0M $215.0M $585.0M
YoY Change -3.67% 18.78% -19.64%
Acquisitions $4.043B $1.152B
YoY Change 633.76% -35.89%
Other Investing Activities -$5.000M -$1.097B $1.000M
YoY Change -200.0% 18.98% -100.04%
Cash From Investing Activities -$2.207B -$727.0M -$2.265B
YoY Change 167.19% 93.87% -8.15%
FINANCING ACTIVITIES
Cash Dividend Paid $990.0M $3.809B
YoY Change 2.17% 2.7%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.361B -1.099B -$5.125B
YoY Change -3.2% -29.28% -20.78%
NET CHANGE
Cash From Operating Activities $2.219B 2.169B $8.006B
Cash From Investing Activities -$2.207B -727.0M -$2.265B
Cash From Financing Activities -$1.361B -1.099B -$5.125B
Net Change In Cash -$1.367B 343.0M $673.0M
YoY Change 187.18% -46.24% 391.24%
FREE CASH FLOW
Cash From Operating Activities $2.219B $2.169B $8.006B
Capital Expenditures $105.0M $215.0M $585.0M
Free Cash Flow $2.114B $1.954B $7.421B
YoY Change 29.3% -18.11% -11.06%

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