2024 Q3 Form 10-Q Financial Statement

#000088209524000022 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $7.545B $6.954B
YoY Change 7.01% 5.38%
Cost Of Revenue $1.574B $1.544B
YoY Change 0.58% 7.07%
Gross Profit $5.971B $5.410B
YoY Change 8.84% 4.91%
Gross Profit Margin 79.14% 77.8%
Selling, General & Admin $1.405B $1.377B
YoY Change 6.84% -25.53%
% of Gross Profit 23.53% 25.45%
Research & Development $1.381B $1.351B
YoY Change -5.22% -17.77%
% of Gross Profit 23.13% 24.97%
Depreciation & Amortization $694.0M
YoY Change 1.91%
% of Gross Profit 12.83%
Operating Expenses $2.786B $2.728B
YoY Change 0.51% -21.88%
Operating Profit $3.185B $2.644B
YoY Change 21.43% 58.8%
Interest Expense -$238.0M -$594.0M
YoY Change -202.59% 268.94%
% of Operating Profit -7.47% -22.47%
Other Income/Expense, Net $306.0M -$355.0M
YoY Change -525.0% -522.62%
Pretax Income $956.0M $2.053B
YoY Change -58.76% 29.28%
Income Tax -$297.0M $438.0M
% Of Pretax Income -31.07% 21.33%
Net Earnings $1.253B $1.614B
YoY Change -42.52% 54.45%
Net Earnings / Revenue 16.61% 23.21%
Basic Earnings Per Share $1.00 $1.29
Diluted Earnings Per Share $1.00 $1.29
COMMON SHARES
Basic Shares Outstanding 1.245B shares 1.246B shares
Diluted Shares Outstanding 1.254B shares 1.251B shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.037B $2.772B
YoY Change -26.62% -58.42%
Cash & Equivalents $5.037B $2.772B
Short-Term Investments $0.00
Other Short-Term Assets $2.856B
YoY Change 62.46%
Inventory $3.435B $2.026B
Prepaid Expenses
Receivables $4.587B $4.663B
Other Receivables $0.00 $0.00
Total Short-Term Assets $13.06B $12.32B
YoY Change -18.28% -13.79%
LONG-TERM ASSETS
Property, Plant & Equipment $5.391B $5.346B
YoY Change -3.25% -3.5%
Goodwill $8.314B $8.314B
YoY Change 0.0% 0.0%
Intangibles $20.55B $22.83B
YoY Change -24.33% -17.72%
Long-Term Investments $376.0M
YoY Change -84.2%
Other Assets $7.215B $4.770B
YoY Change 71.79% 17.31%
Total Long-Term Assets $41.47B $41.26B
YoY Change -10.62% -14.13%
TOTAL ASSETS
Total Short-Term Assets $13.06B $12.32B
Total Long-Term Assets $41.47B $41.26B
Total Assets $54.53B $53.58B
YoY Change -12.58% -14.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $903.0M $537.0M
YoY Change 54.1% -13.67%
Accrued Expenses $5.188B
YoY Change 21.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $1.812B $1.809B
YoY Change 1.06% -55.19%
Total Short-Term Liabilities $11.73B $10.78B
YoY Change -1.84% -22.79%
LONG-TERM LIABILITIES
Long-Term Debt $21.44B $21.54B
YoY Change -7.56% 1.56%
Other Long-Term Liabilities $24.41B $1.418B
YoY Change 2541.77% -64.23%
Total Long-Term Liabilities $24.41B $22.96B
YoY Change 1.23% -8.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.73B $10.78B
Total Long-Term Liabilities $24.41B $22.96B
Total Liabilities $36.14B $33.74B
YoY Change 0.21% -18.07%
SHAREHOLDERS EQUITY
Retained Earnings $11.07B $11.17B
YoY Change -30.8% -26.25%
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 $18.39B $18.28B
YoY Change
Total Liabilities & Shareholders Equity $54.53B $53.58B
YoY Change -12.58% -14.05%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $1.253B $1.614B
YoY Change -42.52% 54.45%
Depreciation, Depletion And Amortization $694.0M
YoY Change 1.91%
Cash From Operating Activities $4.309B $1.325B
YoY Change 145.53% -43.35%
INVESTING ACTIVITIES
Capital Expenditures $130.0M
YoY Change -6.47%
Acquisitions
YoY Change
Other Investing Activities -$945.0M -$177.0M
YoY Change 783.18% -48.55%
Cash From Investing Activities -$710.0M -$307.0M
YoY Change 210.04% -36.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.379B -2.953B
YoY Change -9.22% 168.21%
NET CHANGE
Cash From Operating Activities 4.309B 1.325B
Cash From Investing Activities -710.0M -307.0M
Cash From Financing Activities -1.379B -2.953B
Net Change In Cash 2.220B -1.935B
YoY Change 31614.29% -356.29%
FREE CASH FLOW
Cash From Operating Activities $4.309B $1.325B
Capital Expenditures $130.0M
Free Cash Flow $1.195B
YoY Change -45.68%

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