2022 Q1 Form 10-Q Financial Statement
#000119312522141208 Filed on May 05, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $1.894B | $1.985B |
| YoY Change | -4.58% | 9.73% |
| Cost Of Revenue | $1.165B | |
| YoY Change | ||
| Gross Profit | $729.0M | |
| YoY Change | ||
| Gross Profit Margin | 38.49% | |
| Selling, General & Admin | $271.0M | $275.0M |
| YoY Change | -1.45% | 16.03% |
| % of Gross Profit | 37.17% | |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $92.00M | $77.00M |
| YoY Change | 19.48% | -33.62% |
| % of Gross Profit | 12.62% | |
| Operating Expenses | $1.627B | $1.701B |
| YoY Change | -4.35% | -6.69% |
| Operating Profit | $120.0M | |
| YoY Change | ||
| Interest Expense | -$26.00M | -$51.00M |
| YoY Change | -49.02% | 0.0% |
| % of Operating Profit | -21.67% | |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $239.0M | $233.0M |
| YoY Change | 2.58% | -458.46% |
| Income Tax | $58.00M | $59.00M |
| % Of Pretax Income | 24.27% | 25.32% |
| Net Earnings | $149.0M | $187.0M |
| YoY Change | -20.32% | -359.72% |
| Net Earnings / Revenue | 7.87% | 9.42% |
| Basic Earnings Per Share | $0.29 | $0.37 |
| Diluted Earnings Per Share | $0.29 | $0.37 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 508.3M | 506.0M |
| Diluted Shares Outstanding | 517.4M | 513.8M |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | ||
| YoY Change | ||
| Cash & Equivalents | $1.291B | $1.964B |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | ||
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | $271.0M | |
| YoY Change | ||
| Long-Term Investments | $66.88B | $70.96B |
| YoY Change | -5.75% | 2.0% |
| Other Assets | $421.0M | $314.0M |
| YoY Change | 34.08% | -1.57% |
| Total Long-Term Assets | ||
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | ||
| Total Long-Term Assets | ||
| Total Assets | $93.49B | $98.56B |
| YoY Change | -5.15% | -0.29% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | ||
| YoY Change | ||
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | ||
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.819B | $2.922B |
| YoY Change | -37.75% | 2.49% |
| Other Long-Term Liabilities | $1.420B | $2.070B |
| YoY Change | -31.4% | -26.36% |
| Total Long-Term Liabilities | $3.239B | $4.992B |
| YoY Change | -35.12% | -11.83% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | ||
| Total Long-Term Liabilities | $3.239B | $4.992B |
| Total Liabilities | $79.08B | $83.80B |
| YoY Change | -5.63% | -0.71% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$569.0M | |
| YoY Change | ||
| Common Stock | $12.01B | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $2.700B | |
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $14.41B | $14.76B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $93.49B | $98.56B |
| YoY Change | -5.15% | -0.29% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $149.0M | $187.0M |
| YoY Change | -20.32% | -359.72% |
| Depreciation, Depletion And Amortization | $92.00M | $77.00M |
| YoY Change | 19.48% | -33.62% |
| Cash From Operating Activities | -$92.00M | -$247.0M |
| YoY Change | -62.75% | -136.32% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $138.0M | $335.0M |
| YoY Change | -58.81% | -160.8% |
| Cash From Investing Activities | $138.0M | $335.0M |
| YoY Change | -58.81% | -160.8% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | $82.00M | |
| YoY Change | ||
| Cash From Financing Activities | -326.0M | -780.0M |
| YoY Change | -58.21% | -18.5% |
| NET CHANGE | ||
| Cash From Operating Activities | -92.00M | -247.0M |
| Cash From Investing Activities | 138.0M | 335.0M |
| Cash From Financing Activities | -326.0M | -780.0M |
| Net Change In Cash | -280.0M | -692.0M |
| YoY Change | -59.54% | -16.43% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$92.00M | -$247.0M |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.29 | |
| CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.37 | |
| CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.29 | |
| CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.37 | |
| CY2022Q1 | gnw |
Realized Losses Change In Intent
RealizedLossesChangeInIntent
|
2000000 | |
| CY2021Q1 | gnw |
Realized Losses Change In Intent
RealizedLossesChangeInIntent
|
1000000 | |
| CY2022Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
4000000 | |
| CY2022Q1 | us-gaap |
Aoci Debt Securities Available For Sale Without Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossCumulativeGainLossAfterTax
|
2747000000 | |
| CY2022Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
|
21000000 | |
| CY2021Q4 | us-gaap |
Aoci Debt Securities Available For Sale Without Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossCumulativeGainLossAfterTax
|
7869000000 | |
| CY2022Q1 | us-gaap |
Aoci Debt Securities Available For Sale With Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossCumulativeGainLossAfterTax
|
0 | |
| CY2021Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
8000000 | |
| CY2021Q4 | us-gaap |
Aoci Debt Securities Available For Sale With Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossCumulativeGainLossAfterTax
|
0 | |
| CY2022Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
|
87000000 | |
| CY2021Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
|
29000000 | |
| CY2021Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
|
98000000 |
