2024 Q3 Form 10-Q Financial Statement

#000157194924000014 Filed on August 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $3.033B $2.897B $2.336B
YoY Change 24.87% 24.02% -3.19%
Cost Of Revenue $684.0M $580.0M $448.0M
YoY Change 60.56% 29.46% -25.21%
Gross Profit $2.349B $2.317B $1.888B
YoY Change 17.27% 22.72% 4.08%
Gross Profit Margin 77.45% 79.98% 80.82%
Selling, General & Admin $54.00M $100.0M $641.0M
YoY Change -8.47% -84.4% 1024.56%
% of Gross Profit 2.3% 4.32% 33.95%
Research & Development $212.0M $214.0M $173.0M
YoY Change 15.22% 23.7% 2.37%
% of Gross Profit 9.03% 9.24% 9.16%
Depreciation & Amortization $386.0M $381.0M $267.0M
YoY Change 24.92% 42.7% 4.3%
% of Gross Profit 16.43% 16.44% 14.14%
Operating Expenses $1.246B $1.251B $908.0M
YoY Change 7.6% 37.78% -3.92%
Operating Profit $1.103B $1.066B $980.0M
YoY Change 30.53% 8.78% 12.77%
Interest Expense -$205.0M -$200.0M -$107.0M
YoY Change -199.51% 86.92% -166.46%
% of Operating Profit -18.59% -18.76% -10.92%
Other Income/Expense, Net -$205.0M -$205.0M -$1.000M
YoY Change 25.77% 20400.0% -99.23%
Pretax Income $898.0M $861.0M $847.0M
YoY Change 31.67% 1.65% 14.61%
Income Tax $227.0M $222.0M $32.00M
% Of Pretax Income 25.28% 25.78% 3.78%
Net Earnings $657.0M $632.0M $799.0M
YoY Change 21.44% -20.9% 43.96%
Net Earnings / Revenue 21.66% 21.82% 34.2%
Basic Earnings Per Share $1.15 $1.10 $1.43
Diluted Earnings Per Share $1.14 $1.10 $1.42
COMMON SHARES
Basic Shares Outstanding 574.1M shares 573.6M shares 559.9M shares
Diluted Shares Outstanding 577.0M shares 575.0M shares 561.0M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $755.0M $885.0M $2.877B
YoY Change -9.8% -69.24% 246.63%
Cash & Equivalents $755.0M $885.0M $2.877B
Short-Term Investments
Other Short-Term Assets $82.38B $84.56B $95.03B
YoY Change -0.92% -11.02% -45.44%
Inventory
Prepaid Expenses
Receivables $1.565B $1.548B $1.313B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $84.70B $86.99B $99.22B
YoY Change -0.82% -12.33% -43.74%
LONG-TERM ASSETS
Property, Plant & Equipment $2.029B $1.992B $1.718B
YoY Change 5.79% 15.95% 0.88%
Goodwill $30.60B $30.55B $21.13B
YoY Change 0.44% 44.57% 0.13%
Intangibles $16.57B $16.81B $12.81B
YoY Change -5.81% 31.15% -4.35%
Long-Term Investments
YoY Change
Other Assets $48.48B $48.70B $1.395B
YoY Change -2.47% 3390.97% -96.24%
Total Long-Term Assets $50.51B $50.69B $37.06B
YoY Change -2.17% 36.78% -4.56%
TOTAL ASSETS
Total Short-Term Assets $84.70B $86.99B $99.22B
Total Long-Term Assets $50.51B $50.69B $37.06B
Total Assets $135.2B $137.7B $136.3B
YoY Change -1.33% 1.03% -36.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.045B $1.008B $919.0M
YoY Change 8.4% 9.68% 27.82%
Accrued Expenses $353.0M $263.0M $226.0M
YoY Change -6.37% 16.37% 2.73%
Deferred Revenue $375.0M $497.0M $437.0M
YoY Change 12.28% 13.73% -7.61%
Short-Term Debt $2.619B $3.234B $0.00
YoY Change 16.04% -100.0%
Long-Term Debt Due $2.619B $3.234B $0.00
YoY Change 16.04% -100.0%
Total Short-Term Liabilities $84.56B $87.46B $90.20B
YoY Change -0.84% -3.04% -46.76%
LONG-TERM LIABILITIES
Long-Term Debt $18.58B $18.57B $18.13B
YoY Change -11.7% 2.45% 0.1%
Other Long-Term Liabilities $434.0M $449.0M $806.0M
YoY Change -11.97% -44.29% 95.63%
Total Long-Term Liabilities $23.37B $23.47B $18.93B
YoY Change -10.91% 23.98% -17.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $84.56B $87.46B $90.20B
Total Long-Term Liabilities $23.37B $23.47B $18.93B
Total Liabilities $107.9B $110.9B $112.5B
YoY Change -3.21% -1.36% -41.53%
SHAREHOLDERS EQUITY
Retained Earnings $17.63B $17.24B $15.93B
YoY Change 8.67% 8.23% 5.22%
Common Stock $7.000M $7.000M $6.000M
YoY Change 16.67% 16.67% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $27.23B $26.69B $23.82B
YoY Change
Total Liabilities & Shareholders Equity $135.2B $137.7B $136.3B
YoY Change -1.33% 1.03% -36.67%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income $657.0M $632.0M $799.0M
YoY Change 21.44% -20.9% 43.96%
Depreciation, Depletion And Amortization $386.0M $381.0M $267.0M
YoY Change 24.92% 42.7% 4.3%
Cash From Operating Activities $898.0M $1.196B $1.152B
YoY Change 16.93% 3.82% 18.89%
INVESTING ACTIVITIES
Capital Expenditures $166.0M $165.0M $118.0M
YoY Change 34.96% 39.83% -216.83%
Acquisitions
YoY Change
Other Investing Activities $93.00M -$22.00M -$783.0M
YoY Change -100.89% -97.19% -137.97%
Cash From Investing Activities -$73.00M -$187.0M -$901.0M
YoY Change -99.31% -79.25% -145.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.331B 5.136B -15.54B
YoY Change -51.69% -133.06% -379.41%
NET CHANGE
Cash From Operating Activities 898.0M 1.196B 1.152B
Cash From Investing Activities -73.00M -187.0M -901.0M
Cash From Financing Activities -2.331B 5.136B -15.54B
Net Change In Cash -1.506B 6.145B -15.28B
YoY Change -89.69% -140.21% -280.02%
FREE CASH FLOW
Cash From Operating Activities $898.0M $1.196B $1.152B
Capital Expenditures $166.0M $165.0M $118.0M
Free Cash Flow $732.0M $1.031B $1.034B
YoY Change 13.49% -0.29% -3.36%

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