2024 Q3 Form 10-Q Financial Statement

#000146785824000102 Filed on July 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $48.76B $47.97B
YoY Change 10.48% 7.2%
Cost Of Revenue $42.56B $41.72B
YoY Change 10.33% 6.44%
Gross Profit $6.197B $6.245B
YoY Change 11.54% 12.6%
Gross Profit Margin 12.71% 13.02%
Selling, General & Admin $2.595B $2.297B
YoY Change 15.28% -0.65%
% of Gross Profit 41.88% 36.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.873B $2.880B
YoY Change -3.98% -1.84%
% of Gross Profit 46.36% 46.12%
Operating Expenses $45.11B $44.10B
YoY Change 9.7% 1808.09%
Operating Profit $3.651B $3.873B
YoY Change 21.17% 19.72%
Interest Expense -$54.00M -$230.0M
YoY Change -116.88% -272.93%
% of Operating Profit -1.48% -5.94%
Other Income/Expense, Net $394.0M $60.00M
YoY Change -13.02% -43.93%
Pretax Income $3.717B $3.643B
YoY Change 7.3% 20.27%
Income Tax $709.0M $767.0M
% Of Pretax Income 19.07% 21.05%
Net Earnings $3.056B $2.933B
YoY Change -0.26% 15.47%
Net Earnings / Revenue 6.27% 6.11%
Basic Earnings Per Share $2.71 $2.57
Diluted Earnings Per Share $2.68 $2.55
COMMON SHARES
Basic Shares Outstanding 1.124B shares 1.141B shares
Diluted Shares Outstanding 1.131B shares 1.147B shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.22B $30.83B
YoY Change -7.61% -5.52%
Cash & Equivalents $23.74B $22.52B
Short-Term Investments $8.477B $8.313B
Other Short-Term Assets $7.636B $7.442B
YoY Change -4.06% -4.02%
Inventory $17.33B $17.61B
Prepaid Expenses
Receivables $13.78B $13.41B
Other Receivables $44.45B $42.78B
Total Short-Term Assets $115.4B $112.1B
YoY Change 4.24% 4.92%
LONG-TERM ASSETS
Property, Plant & Equipment $82.46B $81.49B
YoY Change 66.93% 2.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $11.04B $10.73B
YoY Change 4.64% 6.66%
Other Assets $8.690B $8.054B
YoY Change -11.26% -73.43%
Total Long-Term Assets $173.9B $170.9B
YoY Change 1.69% 1.1%
TOTAL ASSETS
Total Short-Term Assets $115.4B $112.1B
Total Long-Term Assets $173.9B $170.9B
Total Assets $289.3B $283.0B
YoY Change 2.69% 2.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.63B $28.76B
YoY Change -2.49% -3.48%
Accrued Expenses $29.67B $28.50B
YoY Change 6.8% 8.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $36.16B $38.10B
YoY Change -6.44% 3.9%
Total Short-Term Liabilities $95.46B $95.36B
YoY Change -1.4% 2.85%
LONG-TERM LIABILITIES
Long-Term Debt $91.69B $88.34B
YoY Change 14.3% 8.56%
Other Long-Term Liabilities $17.74B $16.93B
YoY Change 8.71% -34.29%
Total Long-Term Liabilities $119.7B $115.7B
YoY Change 12.72% 7.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $95.46B $95.36B
Total Long-Term Liabilities $119.7B $115.7B
Total Liabilities $215.1B $211.1B
YoY Change 5.99% 3.37%
SHAREHOLDERS EQUITY
Retained Earnings $62.05B $59.81B
YoY Change 10.17% 11.75%
Common Stock $11.00M $11.00M
YoY Change -21.43% -21.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $70.94B $68.63B
YoY Change
Total Liabilities & Shareholders Equity $289.3B $283.0B
YoY Change 2.69% 2.58%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $3.056B $2.933B
YoY Change -0.26% 15.47%
Depreciation, Depletion And Amortization $2.873B $2.880B
YoY Change -3.98% -1.84%
Cash From Operating Activities $6.863B $5.974B
YoY Change 4.06% -21.31%
INVESTING ACTIVITIES
Capital Expenditures $5.999B $6.622B
YoY Change 0.08% 11.63%
Acquisitions
YoY Change
Other Investing Activities $982.0M $1.549B
YoY Change 36.77% 13.07%
Cash From Investing Activities -$5.017B -$5.073B
YoY Change -4.91% 11.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -830.0M 3.493B
YoY Change -184.44% 38.17%
NET CHANGE
Cash From Operating Activities 6.863B 5.974B
Cash From Investing Activities -5.017B -5.073B
Cash From Financing Activities -830.0M 3.493B
Net Change In Cash 1.016B 4.394B
YoY Change -55.86% -20.94%
FREE CASH FLOW
Cash From Operating Activities $6.863B $5.974B
Capital Expenditures $5.999B $6.622B
Free Cash Flow $864.0M -$648.0M
YoY Change 43.76% -139.04%

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