2024 Q2 Form 10-Q Financial Statement

#000143774924014319 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $3.251B $2.975B
YoY Change 0.25% -6.39%
Cost Of Revenue $2.302B $1.982B
YoY Change 3.23% -8.87%
Gross Profit $949.0M $993.0M
YoY Change -6.32% -1.0%
Gross Profit Margin 29.19% 33.38%
Selling, General & Admin $471.0M $451.0M
YoY Change 7.05% 7.13%
% of Gross Profit 49.63% 45.42%
Research & Development $262.0M $258.0M
YoY Change -0.38% 1.57%
% of Gross Profit 27.61% 25.98%
Depreciation & Amortization $337.0M $337.0M
YoY Change -1.75% 8.71%
% of Gross Profit 35.51% 33.94%
Operating Expenses $763.0M $739.0M
YoY Change 3.95% 75.53%
Operating Profit $186.0M $254.0M
YoY Change -33.33% -14.48%
Interest Expense -$47.00M -$32.00M
YoY Change -209.3% -58.44%
% of Operating Profit -25.27% -12.6%
Other Income/Expense, Net $33.00M $74.00M
YoY Change -62.07% 825.0%
Pretax Income $172.0M $296.0M
YoY Change -57.95% 29.82%
Income Tax $50.00M $71.00M
% Of Pretax Income 29.07% 23.99%
Net Earnings $104.0M $209.0M
YoY Change -62.99% 18.75%
Net Earnings / Revenue 3.2% 7.03%
Basic Earnings Per Share $0.12 $0.25
Diluted Earnings Per Share $0.12 $0.24
COMMON SHARES
Basic Shares Outstanding 856.6M 853.5M
Diluted Shares Outstanding 864.0M 862.0M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.419B $1.365B
YoY Change -7.74% 19.11%
Cash & Equivalents $1.419B $1.365B
Short-Term Investments
Other Short-Term Assets $1.299B $1.272B
YoY Change -1.89% 7.8%
Inventory $2.682B $2.713B
Prepaid Expenses
Receivables $1.721B $1.621B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.121B $6.971B
YoY Change -2.36% 1.37%
LONG-TERM ASSETS
Property, Plant & Equipment $13.74B $14.20B
YoY Change -6.4% -6.2%
Goodwill $2.365B $2.370B
YoY Change -0.71% -1.0%
Intangibles $836.0M $871.0M
YoY Change -13.99% -13.07%
Long-Term Investments
YoY Change
Other Assets $3.115B $3.207B
YoY Change -6.09% 39.07%
Total Long-Term Assets $20.06B $20.65B
YoY Change -6.06% -5.91%
TOTAL ASSETS
Total Short-Term Assets $7.121B $6.971B
Total Long-Term Assets $20.06B $20.65B
Total Assets $27.18B $27.62B
YoY Change -5.12% -4.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.466B $1.476B
YoY Change -3.49% -11.19%
Accrued Expenses $2.684B $2.381B
YoY Change 376.73% -18.29%
Deferred Revenue $178.0M $164.0M
YoY Change 17.88% -0.61%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $376.0M $318.0M
YoY Change 101.07% 61.42%
Total Short-Term Liabilities $4.526B $4.175B
YoY Change 2.61% -12.53%
LONG-TERM LIABILITIES
Long-Term Debt $6.908B $7.050B
YoY Change -7.11% 5.95%
Other Long-Term Liabilities $4.818B $4.834B
YoY Change -1.07% 1.07%
Total Long-Term Liabilities $11.73B $11.88B
YoY Change -4.72% 148.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.526B $4.175B
Total Long-Term Liabilities $11.73B $11.88B
Total Liabilities $16.59B $16.39B
YoY Change -3.71% -1.34%
SHAREHOLDERS EQUITY
Retained Earnings $15.98B $16.36B
YoY Change -3.23% -2.12%
Common Stock $18.00B $17.92B
YoY Change 1.51% 1.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $20.80B $20.67B
YoY Change
Treasury Stock Shares
Shareholders Equity $10.59B $11.23B
YoY Change
Total Liabilities & Shareholders Equity $27.18B $27.62B
YoY Change -5.12% -4.18%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $104.0M $209.0M
YoY Change -62.99% 18.75%
Depreciation, Depletion And Amortization $337.0M $337.0M
YoY Change -1.75% 8.71%
Cash From Operating Activities $521.0M $96.00M
YoY Change -15.83% -295.92%
INVESTING ACTIVITIES
Capital Expenditures $242.0M $252.0M
YoY Change -37.63% -34.03%
Acquisitions
YoY Change
Other Investing Activities $88.00M $68.00M
YoY Change -12.87% -1233.33%
Cash From Investing Activities -$154.0M -$184.0M
YoY Change -46.34% -19.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -304.0M -308.0M
YoY Change -461.9% 24.19%
NET CHANGE
Cash From Operating Activities 521.0M 96.00M
Cash From Investing Activities -154.0M -184.0M
Cash From Financing Activities -304.0M -308.0M
Net Change In Cash 63.00M -396.0M
YoY Change -84.86% -24.57%
FREE CASH FLOW
Cash From Operating Activities $521.0M $96.00M
Capital Expenditures $242.0M $252.0M
Free Cash Flow $279.0M -$156.0M
YoY Change 20.78% -63.81%

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