2023 Q1 Form 10-K Financial Statement

#000035495023000059 Filed on March 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2023 2022 Q1
Revenue $35.83B $157.4B $35.72B
YoY Change 0.31% 4.13% 10.72%
Cost Of Revenue $23.91B $104.6B $23.86B
YoY Change 0.2% 4.29% 11.33%
Gross Profit $11.93B $52.78B $11.86B
YoY Change 0.54% 3.83% 9.52%
Gross Profit Margin 33.28% 33.53% 33.21%
Selling, General & Admin $6.549B $26.28B $6.306B
YoY Change 3.85% 3.46% 7.12%
% of Gross Profit 54.91% 49.8% 53.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $759.0M $2.975B $734.0M
YoY Change 3.41% 3.95% 10.21%
% of Gross Profit 6.36% 5.64% 6.19%
Operating Expenses $7.174B $28.74B $6.912B
YoY Change 3.79% 3.41% 7.2%
Operating Profit $4.752B $24.04B $4.950B
YoY Change -4.0% 4.34% 12.94%
Interest Expense -$408.0M -$1.562B -$323.0M
YoY Change 26.32% -215.96% -1.22%
% of Operating Profit -8.59% -6.5% -6.53%
Other Income/Expense, Net -$1.562B
YoY Change 19.88%
Pretax Income $4.344B $22.48B $4.502B
YoY Change -3.51% 3.4% 19.86%
Income Tax $982.0M $5.372B $1.150B
% Of Pretax Income 22.61% 23.9% 25.54%
Net Earnings $3.362B $17.11B $3.352B
YoY Change 0.3% 4.09% 17.33%
Net Earnings / Revenue 9.38% 10.87% 9.38%
Basic Earnings Per Share $16.74
Diluted Earnings Per Share $3.30 $16.69 $3.214M
COMMON SHARES
Basic Shares Outstanding 1.015B shares 1.022B shares 1.033B shares
Diluted Shares Outstanding 1.025B shares

Balance Sheet

Concept 2023 Q1 2023 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.757B $2.757B $2.343B
YoY Change 17.67% 17.67% -70.32%
Cash & Equivalents $2.757B $2.757B $2.343B
Short-Term Investments
Other Short-Term Assets $1.511B $1.511B $1.218B
YoY Change 24.06% 24.06% 26.48%
Inventory $24.89B $24.89B $22.07B
Prepaid Expenses
Receivables $3.317B $3.317B $3.426B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $32.47B $32.47B $29.06B
YoY Change 11.76% 11.76% 2.03%
LONG-TERM ASSETS
Property, Plant & Equipment $32.57B $32.57B $25.20B
YoY Change 29.26% 4.51% 2.0%
Goodwill $7.444B $7.449B
YoY Change -0.07% 4.53%
Intangibles $3.323B $3.503B
YoY Change -5.14%
Long-Term Investments
YoY Change
Other Assets $3.958B $3.958B $4.205B
YoY Change -5.87% 463.82% -2.46%
Total Long-Term Assets $43.97B $43.97B $42.82B
YoY Change 2.69% 2.69% 1.7%
TOTAL ASSETS
Total Short-Term Assets $32.47B $32.47B $29.06B
Total Long-Term Assets $43.97B $43.97B $42.82B
Total Assets $76.45B $76.45B $71.88B
YoY Change 6.36% 6.36% 1.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.44B $11.44B $13.46B
YoY Change -15.0% -15.0% 15.99%
Accrued Expenses $2.936B $2.936B $7.995B
YoY Change -63.28% -63.28% 12.16%
Deferred Revenue $2.000B $2.600B
YoY Change -23.08% 36.84%
Short-Term Debt $0.00 $0.00 $1.035B
YoY Change -100.0% -100.0%
Long-Term Debt Due $1.231B $1.231B $2.447B
YoY Change -49.69% -49.69% 72.81%
Total Short-Term Liabilities $23.11B $23.11B $28.69B
YoY Change -19.46% -19.46% 23.86%
LONG-TERM LIABILITIES
Long-Term Debt $41.96B $41.96B $36.60B
YoY Change 14.64% 14.64% 2.18%
Other Long-Term Liabilities $9.811B $9.811B $2.922B
YoY Change 235.76% 33.19% 61.7%
Total Long-Term Liabilities $51.77B $51.77B $2.922B
YoY Change 1671.83% 17.75% 61.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.11B $23.11B $28.69B
Total Long-Term Liabilities $51.77B $51.77B $2.922B
Total Liabilities $74.88B $74.88B $73.57B
YoY Change 1.78% 1.78% 9.35%
SHAREHOLDERS EQUITY
Retained Earnings $76.90B $67.58B
YoY Change 13.79% 16.25%
Common Stock $12.68B $12.22B
YoY Change 3.76% 5.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $87.30B $80.79B
YoY Change 8.05% 22.8%
Treasury Stock Shares 778.0M shares 757.0M shares
Shareholders Equity $1.562B $1.562B -$1.696B
YoY Change
Total Liabilities & Shareholders Equity $76.45B $76.45B $71.88B
YoY Change 6.36% 6.36% 1.83%

Cashflow Statement

Concept 2023 Q1 2023 2022 Q1
OPERATING ACTIVITIES
Net Income $3.362B $17.11B $3.352B
YoY Change 0.3% 4.09% 17.33%
Depreciation, Depletion And Amortization $759.0M $2.975B $734.0M
YoY Change 3.41% 3.95% 10.21%
Cash From Operating Activities $4.594B $14.62B $3.185B
YoY Change 44.24% -11.8% 123.67%
INVESTING ACTIVITIES
Capital Expenditures $903.0M $3.119B -$829.0M
YoY Change -208.93% -221.55% -13.65%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $8.000M -$21.00M -$8.000M
YoY Change -200.0% 16.67% -99.9%
Cash From Investing Activities -$895.0M -$3.140B -$837.0M
YoY Change 6.93% 5.76% -90.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$1.442B -$6.432B
YoY Change -144.44%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.446B -10.99B -5.011B
YoY Change -31.23% -42.51% -1233.71%
NET CHANGE
Cash From Operating Activities 4.594B 14.62B 3.185B
Cash From Investing Activities -895.0M -3.140B -837.0M
Cash From Financing Activities -3.446B -10.99B -5.011B
Net Change In Cash 253.0M 482.0M -2.663B
YoY Change -109.5% -108.74% -61.14%
FREE CASH FLOW
Cash From Operating Activities $4.594B $14.62B $3.185B
Capital Expenditures $903.0M $3.119B -$829.0M
Free Cash Flow $3.691B $11.50B $4.014B
YoY Change -8.05% -39.93% 68.37%

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CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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0.85
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CY2023 dei Auditor Name
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KPMG LLP
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Atlanta, GA
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AuditorFirmId
185

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