2023 Q4 Form 10-Q Financial Statement

#000157194923000019 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $2.666B $2.429B
YoY Change 12.16% 1.76%
Cost Of Revenue $465.0M $426.0M
YoY Change -23.65% -26.04%
Gross Profit $2.201B $2.003B
YoY Change 24.49% 10.6%
Gross Profit Margin 82.56% 82.46%
Selling, General & Admin $829.0M $59.00M
YoY Change 31.8% 9.26%
% of Gross Profit 37.66% 2.95%
Research & Development $184.0M
YoY Change 8.88%
% of Gross Profit 9.19%
Depreciation & Amortization $379.0M $309.0M
YoY Change 44.11% 19.77%
% of Gross Profit 17.22% 15.43%
Operating Expenses $1.208B $1.158B
YoY Change 35.43% 28.95%
Operating Profit $993.0M $845.0M
YoY Change 13.36% -7.45%
Interest Expense -$254.0M $206.0M
YoY Change -18.06% 17.05%
% of Operating Profit -25.58% 24.38%
Other Income/Expense, Net -$155.0M -$163.0M
YoY Change -1650.0% -86.85%
Pretax Income $516.0M $682.0M
YoY Change -8.51% -308.56%
Income Tax $126.0M $123.0M
% Of Pretax Income 24.42% 18.04%
Net Earnings $373.0M $541.0M
YoY Change -12.24% -383.25%
Net Earnings / Revenue 13.99% 22.27%
Basic Earnings Per Share $0.96
Diluted Earnings Per Share $0.65 $0.96
COMMON SHARES
Basic Shares Outstanding 572.4M shares 560.3M shares
Diluted Shares Outstanding 565.0M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $899.0M $837.0M
YoY Change -50.03% -29.25%
Cash & Equivalents $899.0M $837.0M
Short-Term Investments
Other Short-Term Assets $82.71B $83.14B
YoY Change -46.29% -51.46%
Inventory
Prepaid Expenses
Receivables $1.366B $1.422B
Other Receivables $0.00 $0.00
Total Short-Term Assets $84.97B $85.40B
YoY Change -45.86% -50.84%
LONG-TERM ASSETS
Property, Plant & Equipment $1.923B $1.918B
YoY Change 8.83% 11.51%
Goodwill $30.55B $30.46B
YoY Change 44.73% 44.55%
Intangibles $17.32B $17.60B
YoY Change 32.29% 33.19%
Long-Term Investments $73.00M
YoY Change -64.9%
Other Assets $49.19B $49.71B
YoY Change 38.08% 38.61%
Total Long-Term Assets $51.11B $51.63B
YoY Change 36.69% 37.37%
TOTAL ASSETS
Total Short-Term Assets $84.97B $85.40B
Total Long-Term Assets $51.11B $51.63B
Total Assets $136.1B $137.0B
YoY Change -29.98% -35.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.003B $964.0M
YoY Change 15.82% 22.34%
Accrued Expenses $459.0M $377.0M
YoY Change 30.4% 37.59%
Deferred Revenue $200.0M $334.0M
YoY Change 17.65% 6.03%
Short-Term Debt $1.954B $2.257B
YoY Change 48750.0% 32142.86%
Long-Term Debt Due $1.954B $2.257B
YoY Change 48750.0% 32142.86%
Total Short-Term Liabilities $84.63B $85.28B
YoY Change -43.27% -48.72%
LONG-TERM LIABILITIES
Long-Term Debt $20.66B $21.04B
YoY Change 14.02% 16.17%
Other Long-Term Liabilities $441.0M $493.0M
YoY Change 15.75% 18.23%
Total Long-Term Liabilities $25.67B $26.23B
YoY Change 14.58% 16.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $84.63B $85.28B
Total Long-Term Liabilities $25.67B $26.23B
Total Liabilities $110.3B $111.5B
YoY Change -35.72% -40.96%
SHAREHOLDERS EQUITY
Retained Earnings $16.36B $16.23B
YoY Change 9.46% 10.14%
Common Stock $6.000M $6.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.72B $25.46B
YoY Change
Total Liabilities & Shareholders Equity $136.1B $137.0B
YoY Change -29.98% -35.15%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $373.0M $541.0M
YoY Change -12.24% -383.25%
Depreciation, Depletion And Amortization $379.0M $309.0M
YoY Change 44.11% 19.77%
Cash From Operating Activities $969.0M $768.0M
YoY Change -11.26% 4.21%
INVESTING ACTIVITIES
Capital Expenditures $163.0M $123.0M
YoY Change -203.82% -201.65%
Acquisitions
YoY Change
Other Investing Activities $769.0M -$10.42B
YoY Change -75.93% 105.08%
Cash From Investing Activities $606.0M -$10.55B
YoY Change -80.05% 102.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.634B -4.825B
YoY Change -91.03% 68.41%
NET CHANGE
Cash From Operating Activities 969.0M 768.0M
Cash From Investing Activities 606.0M -10.55B
Cash From Financing Activities -1.634B -4.825B
Net Change In Cash -59.00M -14.60B
YoY Change -99.58% 99.18%
FREE CASH FLOW
Cash From Operating Activities $969.0M $768.0M
Capital Expenditures $163.0M $123.0M
Free Cash Flow $806.0M $645.0M
YoY Change -35.47% -24.83%

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