2021 Q4 Form 10-Q Financial Statement
#000035495021000234 Filed on November 23, 2021
Income Statement
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| Revenue | $36.82B | $33.54B |
| YoY Change | 9.79% | 23.19% |
| Cost Of Revenue | $24.26B | $22.08B |
| YoY Change | 9.86% | 23.79% |
| Gross Profit | $12.56B | $11.46B |
| YoY Change | 9.66% | 22.04% |
| Gross Profit Margin | 34.12% | 34.16% |
| Selling, General & Admin | $6.133B | $6.076B |
| YoY Change | 0.94% | 22.95% |
| % of Gross Profit | 48.82% | 53.04% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $714.0M | $631.0M |
| YoY Change | 13.15% | 6.23% |
| % of Gross Profit | 5.68% | 5.51% |
| Operating Expenses | $6.733B | $6.604B |
| YoY Change | 1.95% | 21.4% |
| Operating Profit | $5.830B | $4.852B |
| YoY Change | 20.16% | 22.93% |
| Interest Expense | -$326.0M | $340.0M |
| YoY Change | -195.88% | 12.58% |
| % of Operating Profit | -5.59% | 7.01% |
| Other Income/Expense, Net | -$326.0M | -$329.0M |
| YoY Change | -0.91% | 17.5% |
| Pretax Income | $5.469B | $4.523B |
| YoY Change | 20.92% | 23.34% |
| Income Tax | $1.340B | $1.091B |
| % Of Pretax Income | 24.5% | 24.12% |
| Net Earnings | $4.129B | $3.432B |
| YoY Change | 20.31% | 23.94% |
| Net Earnings / Revenue | 11.21% | 10.23% |
| Basic Earnings Per Share | $3.94 | $3.20 |
| Diluted Earnings Per Share | $3.921M | $3.18 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 1.049B shares | 1.073B shares |
| Diluted Shares Outstanding | 1.053B shares | 1.078B shares |
Balance Sheet
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $5.067B | $14.65B |
| YoY Change | -65.42% | 568.13% |
| Cash & Equivalents | $5.067B | $14.65B |
| Short-Term Investments | ||
| Other Short-Term Assets | $1.284B | $1.032B |
| YoY Change | 24.42% | -0.67% |
| Inventory | $20.58B | $16.16B |
| Prepaid Expenses | ||
| Receivables | $3.533B | $2.666B |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $30.47B | $34.51B |
| YoY Change | -11.71% | 62.96% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $30.84B | $23.85B |
| YoY Change | 29.31% | 6.12% |
| Goodwill | $2.236B | |
| YoY Change | -0.75% | |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $4.282B | $897.0M |
| YoY Change | 377.37% | 16.19% |
| Total Long-Term Assets | $42.57B | $32.41B |
| YoY Change | 31.32% | 4.11% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $30.47B | $34.51B |
| Total Long-Term Assets | $42.57B | $32.41B |
| Total Assets | $73.03B | $66.92B |
| YoY Change | 9.13% | 27.93% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $13.38B | $12.90B |
| YoY Change | 3.69% | 39.6% |
| Accrued Expenses | $7.593B | $7.341B |
| YoY Change | 3.43% | 28.99% |
| Deferred Revenue | $2.664B | |
| YoY Change | 25.6% | |
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $2.436B | $2.491B |
| YoY Change | -2.21% | 37.02% |
| Total Short-Term Liabilities | $26.90B | $25.40B |
| YoY Change | 5.94% | 29.8% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $36.71B | $32.83B |
| YoY Change | 11.82% | 23.44% |
| Other Long-Term Liabilities | $8.381B | $2.278B |
| YoY Change | 267.91% | 7.66% |
| Total Long-Term Liabilities | $45.09B | $2.278B |
| YoY Change | 1879.5% | 7.66% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $26.90B | $25.40B |
| Total Long-Term Liabilities | $45.09B | $2.278B |
| Total Liabilities | $72.00B | $65.38B |
| YoY Change | 10.11% | 22.46% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $56.89B | |
| YoY Change | 12.15% | |
| Common Stock | $11.40B | |
| YoY Change | 5.21% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $65.79B | |
| YoY Change | 6.38% | |
| Treasury Stock Shares | 712.0M shares | |
| Shareholders Equity | $1.035B | $1.535B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $73.03B | $66.92B |
| YoY Change | 9.13% | 27.93% |
Cashflow Statement
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $4.129B | $3.432B |
| YoY Change | 20.31% | 23.94% |
| Depreciation, Depletion And Amortization | $714.0M | $631.0M |
| YoY Change | 13.15% | 6.23% |
| Cash From Operating Activities | $3.439B | $2.586B |
| YoY Change | 32.99% | 21.92% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$695.0M | -$471.0M |
| YoY Change | 47.56% | -26.98% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $21.00M | $40.00M |
| YoY Change | -47.5% | 185.71% |
| Cash From Investing Activities | -$674.0M | -$431.0M |
| YoY Change | 56.38% | -31.7% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -2.275B | -1.628B |
| YoY Change | 39.74% | -16.26% |
| NET CHANGE | ||
| Cash From Operating Activities | 3.439B | 2.586B |
| Cash From Investing Activities | -674.0M | -431.0M |
| Cash From Financing Activities | -2.275B | -1.628B |
| Net Change In Cash | 490.0M | 527.0M |
| YoY Change | -7.02% | -216.08% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $3.439B | $2.586B |
| Capital Expenditures | -$695.0M | -$471.0M |
| Free Cash Flow | $4.134B | $3.057B |
| YoY Change | 35.23% | 10.52% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2021-10-31 | ||
| CY2021Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
5469000000 | USD |
| CY2020Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
4523000000 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
17235000000 | USD | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
13222000000 | USD | |
| CY2021Q4 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-20000000 | USD |
| CY2020Q4 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
46000000 | USD |
| us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
35000000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-232000000 | USD | |
| CY2021Q4 | us-gaap |
Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
|
0 | USD |
| CY2020Q4 | us-gaap |
Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
|
0 | USD |
| us-gaap |
Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
|
27000000 | USD | |
| us-gaap |
Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
|
0 | USD | |
| CY2021Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
3000000000 | USD |
| us-gaap |
Shortterm Debt Maximum Monthend Outstanding Amount
ShorttermDebtMaximumMonthendOutstandingAmount
|
11000000 | USD | |
| CY2021Q4 | us-gaap |
Commercial Paper
CommercialPaper
|
0 | USD |
| CY2021Q1 | us-gaap |
Commercial Paper
CommercialPaper
|
0 | USD |
| CY2021Q3 | hd |
Debt Instrument Number Of Tranches
DebtInstrumentNumberOfTranches
|
3 | tranche |
| us-gaap |
Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
|
1 | ||
| hd |
Debt Instrument Change Of Control Redemption Price Percent
DebtInstrumentChangeOfControlRedemptionPricePercent
|
1.01 |
