2023 Q1 Form 10-K Financial Statement

#000146785823000029 Filed on January 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $39.99B $43.11B $156.7B
YoY Change 11.13% 28.36% 23.41%
Cost Of Revenue $34.86B $37.11B $135.8B
YoY Change 11.45% 25.41% 35.02%
Gross Profit $5.126B $6.003B $20.98B
YoY Change 9.06% 50.15% -20.71%
Gross Profit Margin 12.82% 13.93% 13.39%
Selling, General & Admin $2.448B $3.393B $10.67B
YoY Change -2.24% 36.92% 24.7%
% of Gross Profit 47.76% 56.52% 50.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.810B $2.770B $11.28B
YoY Change -2.8% -5.69% -6.4%
% of Gross Profit 54.82% 46.14% 53.74%
Operating Expenses $37.41B $3.392B $146.4B
YoY Change 10.73% 36.88% 1611.73%
Operating Profit $2.578B $2.611B $10.32B
YoY Change 17.4% 71.78% 10.63%
Interest Expense $110.0M -$36.00M -$230.0M
YoY Change -46.86% -111.69% -115.51%
% of Operating Profit 4.27% -1.38% -2.23%
Other Income/Expense, Net $409.0M $13.00M $1.432B
YoY Change -20.89% -96.82% -52.91%
Pretax Income $2.775B $2.588B $11.60B
YoY Change -0.14% 15.69% -8.8%
Income Tax $428.0M $580.0M $1.888B
% Of Pretax Income 15.42% 22.41% 16.28%
Net Earnings $2.395B $1.984B $9.934B
YoY Change -18.51% 13.96% -0.85%
Net Earnings / Revenue 5.99% 4.6% 6.34%
Basic Earnings Per Share $1.70 $6.17
Diluted Earnings Per Share $1.69 $1.393M $6.13
COMMON SHARES
Basic Shares Outstanding 1.395B shares 1.421B shares 1.445B shares
Diluted Shares Outstanding 1.402B shares 1.454B shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.21B $31.30B $31.30B
YoY Change 7.43% 9.16% 9.16%
Cash & Equivalents $18.23B $19.15B $19.15B
Short-Term Investments $9.981B $12.15B $12.15B
Other Short-Term Assets $6.881B $6.825B $6.826B
YoY Change -3.26% 6.71% 6.72%
Inventory $17.76B $15.37B $15.37B
Prepaid Expenses
Receivables $13.70B $13.33B $13.33B
Other Receivables $32.28B $33.62B $33.62B
Total Short-Term Assets $98.83B $100.5B $100.5B
YoY Change 11.56% 22.35% 22.35%
LONG-TERM ASSETS
Property, Plant & Equipment $46.90B $45.25B $79.05B
YoY Change 12.44% 10.05% -1.37%
Goodwill $1.900B
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $10.54B $10.18B $10.18B
YoY Change 1.35% 5.16% 5.16%
Other Assets $9.661B $9.386B $28.83B
YoY Change -15.65% -18.3% -8.61%
Total Long-Term Assets $168.2B $163.6B $163.6B
YoY Change 3.24% 0.6% 0.6%
TOTAL ASSETS
Total Short-Term Assets $98.83B $100.5B $100.5B
Total Long-Term Assets $168.2B $163.6B $163.6B
Total Assets $267.0B $264.0B $264.0B
YoY Change 6.17% 7.89% 7.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.93B $27.49B $27.49B
YoY Change 14.62% 34.79% 34.79%
Accrued Expenses $24.24B $24.91B $22.42B
YoY Change 13.94% 22.73% 25.71%
Deferred Revenue $2.489B
YoY Change 1.14%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $37.01B $38.78B $38.78B
YoY Change 12.03% 15.0% 15.0%
Total Short-Term Liabilities $90.19B $91.17B $91.17B
YoY Change 13.36% 22.53% 22.53%
LONG-TERM LIABILITIES
Long-Term Debt $77.41B $75.92B $75.92B
YoY Change 0.84% 0.35% 0.35%
Other Long-Term Liabilities $15.32B $14.77B $24.66B
YoY Change 4.91% -2.11% -14.49%
Total Long-Term Liabilities $102.6B $100.6B $100.6B
YoY Change -2.18% -3.75% -3.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $90.19B $91.17B $91.17B
Total Long-Term Liabilities $102.6B $100.6B $100.6B
Total Liabilities $192.8B $191.8B $196.2B
YoY Change 4.52% 7.18% 6.09%
SHAREHOLDERS EQUITY
Retained Earnings $51.32B $49.25B
YoY Change 16.95% 17.44%
Common Stock $14.00M $14.00M
YoY Change -6.67% -6.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $69.88B $67.79B $67.79B
YoY Change
Total Liabilities & Shareholders Equity $267.0B $264.0B $264.0B
YoY Change 6.17% 7.89% 7.89%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $2.395B $1.984B $9.934B
YoY Change -18.51% 13.96% -0.85%
Depreciation, Depletion And Amortization $2.810B $2.770B $11.28B
YoY Change -2.8% -5.69% -6.4%
Cash From Operating Activities $3.086B $5.624B $16.04B
YoY Change 46.67% -17.4% 5.63%
INVESTING ACTIVITIES
Capital Expenditures $2.431B -$6.192B $9.238B
YoY Change 46.36% 461.38% 23.03%
Acquisitions
YoY Change
Other Investing Activities $563.0M -$719.0M $62.00M
YoY Change 265.58% -83.33% -90.24%
Cash From Investing Activities -$2.262B -$6.911B -$17.88B
YoY Change -42.13% 27.6% 9.34%
FINANCING ACTIVITIES
Cash Dividend Paid $185.0M $397.0M
YoY Change 153.42% 113.44%
Common Stock Issuance & Retirement, Net $2.500B
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.685B -316.0M $383.0M
YoY Change -9.02% -159.4% -78.04%
NET CHANGE
Cash From Operating Activities $3.086B 5.624B $16.04B
Cash From Investing Activities -$2.262B -6.911B -$17.88B
Cash From Financing Activities -$1.685B -316.0M $383.0M
Net Change In Cash -$807.0M -1.603B -$1.594B
YoY Change -77.36% -183.27% -475.06%
FREE CASH FLOW
Cash From Operating Activities $3.086B $5.624B $16.04B
Capital Expenditures $2.431B -$6.192B $9.238B
Free Cash Flow $655.0M $11.82B $6.805B
YoY Change 47.86% 49.34% -11.38%

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CY2022 gm Increase Decreasein Asset Subject To Or Available For Operating Lease Net Current
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CY2022 dei Auditor Firm
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CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2020 us-gaap Income Taxes Paid Net
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CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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CY2020 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 dei Auditor Name
AuditorName
Ernst & Young LLP

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