2023 Q3 Form 10-Q Financial Statement

#000146785823000098 Filed on July 25, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $44.13B $44.75B $35.76B
YoY Change 5.35% 25.13% 4.66%
Cost Of Revenue $38.58B $39.20B $31.35B
YoY Change 7.09% 25.04% 7.51%
Gross Profit $5.556B $5.546B $4.409B
YoY Change -5.33% 25.79% -11.94%
Gross Profit Margin 12.59% 12.39% 12.33%
Selling, General & Admin $2.251B $2.312B $2.293B
YoY Change -9.12% 0.83% 7.91%
% of Gross Profit 40.51% 41.69% 52.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.992B $2.934B $2.844B
YoY Change 7.86% 3.16% -5.64%
% of Gross Profit 53.85% 52.9% 64.5%
Operating Expenses $41.12B $2.311B $33.64B
YoY Change 6.81% -93.13% 7.54%
Operating Profit $3.013B $3.235B $2.116B
YoY Change -11.17% 52.88% -26.58%
Interest Expense $320.0M $133.0M -$360.0M
YoY Change -3.03% -136.94% -193.99%
% of Operating Profit 10.62% 4.11% -17.01%
Other Income/Expense, Net $453.0M $107.0M $295.0M
YoY Change -24.25% -63.73% -62.37%
Pretax Income $3.464B $3.029B $2.132B
YoY Change -15.45% 42.07% -43.15%
Income Tax $470.0M $522.0M $490.0M
% Of Pretax Income 13.57% 17.23% 22.98%
Net Earnings $3.064B $2.540B $1.692B
YoY Change -7.29% 50.12% -40.34%
Net Earnings / Revenue 6.94% 5.68% 4.73%
Basic Earnings Per Share $2.21 $1.83 $1.14
Diluted Earnings Per Share $2.20 $1.83 $1.14
COMMON SHARES
Basic Shares Outstanding 1.376B shares 1.390B shares 1.458B shares
Diluted Shares Outstanding 1.378B shares 1.389B shares 1.465B shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.88B $32.63B $26.83B
YoY Change 15.06% 21.6% -7.89%
Cash & Equivalents $25.22B $23.07B $16.71B
Short-Term Investments $9.651B $9.556B $10.12B
Other Short-Term Assets $7.959B $7.754B $6.504B
YoY Change 22.0% 19.22% -16.24%
Inventory $17.74B $17.91B $16.86B
Prepaid Expenses
Receivables $13.92B $14.07B $12.42B
Other Receivables $36.22B $34.44B $28.48B
Total Short-Term Assets $110.7B $106.8B $91.09B
YoY Change 12.67% 17.25% 10.27%
LONG-TERM ASSETS
Property, Plant & Equipment $49.40B $79.50B $41.94B
YoY Change 15.43% 89.55% 8.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.55B $10.06B $9.733B
YoY Change 6.45% 3.4% 9.58%
Other Assets $9.793B $30.31B $11.16B
YoY Change -8.34% 171.6% 42.91%
Total Long-Term Assets $171.0B $169.0B $162.4B
YoY Change 5.38% 4.07% 2.03%
TOTAL ASSETS
Total Short-Term Assets $110.7B $106.8B $91.09B
Total Long-Term Assets $171.0B $169.0B $162.4B
Total Assets $281.7B $275.8B $253.5B
YoY Change 8.13% 8.8% 4.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.39B $29.80B $25.89B
YoY Change 13.02% 15.1% 20.81%
Accrued Expenses $27.78B $26.25B $21.20B
YoY Change 15.59% 23.8% 10.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $38.65B $36.67B $32.31B
YoY Change 10.17% 13.5% -5.51%
Total Short-Term Liabilities $96.82B $92.72B $79.40B
YoY Change 12.58% 16.78% 6.13%
LONG-TERM LIABILITIES
Long-Term Debt $80.22B $81.38B $78.08B
YoY Change 3.48% 4.22% 1.8%
Other Long-Term Liabilities $16.32B $25.77B $14.68B
YoY Change 10.31% 75.57% 0.17%
Total Long-Term Liabilities $106.2B $107.1B $105.7B
YoY Change 1.34% 1.32% -3.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $96.82B $92.72B $79.40B
Total Long-Term Liabilities $106.2B $107.1B $105.7B
Total Liabilities $203.0B $204.2B $185.1B
YoY Change 6.4% 10.28% 0.66%
SHAREHOLDERS EQUITY
Retained Earnings $56.32B $53.52B $45.55B
YoY Change 17.56% 17.48% 20.49%
Common Stock $14.00M $14.00M $15.00M
YoY Change 0.0% -6.67% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $74.48B $71.66B $63.95B
YoY Change
Total Liabilities & Shareholders Equity $281.7B $275.8B $253.5B
YoY Change 8.13% 8.8% 4.84%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $3.064B $2.540B $1.692B
YoY Change -7.29% 50.12% -40.34%
Depreciation, Depletion And Amortization $2.992B $2.934B $2.844B
YoY Change 7.86% 3.16% -5.64%
Cash From Operating Activities $6.595B $7.592B $3.124B
YoY Change 27.05% 143.02% -56.38%
INVESTING ACTIVITIES
Capital Expenditures $5.994B $5.932B -$5.381B
YoY Change -220.77% -210.24% -31.88%
Acquisitions
YoY Change
Other Investing Activities $718.0M $1.370B $1.063B
YoY Change -67.64% 28.88% -72.55%
Cash From Investing Activities -$5.276B -$4.562B -$4.318B
YoY Change 92.27% 5.65% 7.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 983.0M 2.528B 1.090B
YoY Change -32.72% 131.93% -239.74%
NET CHANGE
Cash From Operating Activities 6.595B 7.592B 3.124B
Cash From Investing Activities -5.276B -4.562B -4.318B
Cash From Financing Activities 983.0M 2.528B 1.090B
Net Change In Cash 2.302B 5.558B -104.0M
YoY Change -41.1% -5444.23% -104.41%
FREE CASH FLOW
Cash From Operating Activities $6.595B $7.592B $3.124B
Capital Expenditures $5.994B $5.932B -$5.381B
Free Cash Flow $601.0M $1.660B $8.505B
YoY Change -94.08% -80.48% -43.53%

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