2024 Q2 Form 10-Q Financial Statement

#000147824224000068 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $3.814B $3.737B
YoY Change 2.31% 2.33%
Cost Of Revenue $2.488B $2.444B
YoY Change 1.84% 1.92%
Gross Profit $863.0M $827.0M
YoY Change -32.84% 3.12%
Gross Profit Margin 22.63% 22.13%
Selling, General & Admin $509.0M $508.0M
YoY Change 5.6% -0.97%
% of Gross Profit 58.98% 61.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $269.0M $264.0M
YoY Change 3.86% 4.35%
% of Gross Profit 31.17% 31.92%
Operating Expenses $509.0M $508.0M
YoY Change -31.31% -0.97%
Operating Profit $520.0M $506.0M
YoY Change -4.41% 7.43%
Interest Expense $163.0M $166.0M
YoY Change -198.79% 17.73%
% of Operating Profit 31.35% 32.81%
Other Income/Expense, Net $67.00M -$11.00M
YoY Change 318.75% -142.31%
Pretax Income $436.0M $340.0M
YoY Change 16.27% -6.08%
Income Tax $75.00M $49.00M
% Of Pretax Income 17.2% 14.41%
Net Earnings $363.0M $288.0M
YoY Change 22.22% -0.35%
Net Earnings / Revenue 9.52% 7.71%
Basic Earnings Per Share $1.99 $1.58
Diluted Earnings Per Share $1.97 $1.56
COMMON SHARES
Basic Shares Outstanding 182.2M shares 181.5M shares
Diluted Shares Outstanding 184.3M shares 184.3M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.678B $1.575B
YoY Change 12.47% -1.44%
Cash & Equivalents $1.545B $1.444B
Short-Term Investments $133.0M $131.0M
Other Short-Term Assets $648.0M $615.0M
YoY Change -0.77% -1.6%
Inventory
Prepaid Expenses $191.0M $173.0M
Receivables $3.255B $3.426B
Other Receivables $41.00M $35.00M
Total Short-Term Assets $5.622B $5.651B
YoY Change 5.5% 6.06%
LONG-TERM ASSETS
Property, Plant & Equipment $503.0M $513.0M
YoY Change -39.32% -1.35%
Goodwill $14.48B $14.52B
YoY Change 2.11% 3.57%
Intangibles $4.608B $4.725B
YoY Change -6.76% -0.67%
Long-Term Investments $181.0M $154.0M
YoY Change -12.98% 55.56%
Other Assets $636.0M $628.0M
YoY Change 15.64% 5.9%
Total Long-Term Assets $20.78B $20.92B
YoY Change 0.33% 2.51%
TOTAL ASSETS
Total Short-Term Assets $5.622B $5.651B
Total Long-Term Assets $20.78B $20.92B
Total Assets $26.40B $26.57B
YoY Change 1.39% 3.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.313B $3.455B
YoY Change 10.18% 9.93%
Accrued Expenses
YoY Change
Deferred Revenue $1.811B $1.914B
YoY Change -1.79% 4.76%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.167B $717.0M
YoY Change 461.06% -46.61%
Total Short-Term Liabilities $6.620B $6.448B
YoY Change 1.18% -3.14%
LONG-TERM LIABILITIES
Long-Term Debt $12.09B $12.82B
YoY Change -2.75% 8.33%
Other Long-Term Liabilities $632.0M $595.0M
YoY Change -33.12% -7.18%
Total Long-Term Liabilities $12.72B $13.41B
YoY Change -4.9% 7.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.620B $6.448B
Total Long-Term Liabilities $12.72B $13.41B
Total Liabilities $19.68B $20.23B
YoY Change -2.98% 2.14%
SHAREHOLDERS EQUITY
Retained Earnings $5.343B $4.980B
YoY Change 36.3% 37.46%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.714B $6.344B
YoY Change
Total Liabilities & Shareholders Equity $26.40B $26.57B
YoY Change 1.39% 3.24%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $363.0M $288.0M
YoY Change 22.22% -0.35%
Depreciation, Depletion And Amortization $269.0M $264.0M
YoY Change 3.86% 4.35%
Cash From Operating Activities $588.0M $522.0M
YoY Change 46.27% 25.18%
INVESTING ACTIVITIES
Capital Expenditures $143.0M $145.0M
YoY Change -10.63% -11.59%
Acquisitions $142.0M
YoY Change 688.89%
Other Investing Activities -$78.00M $0.00
YoY Change -82.11% -100.0%
Cash From Investing Activities -$221.0M -$314.0M
YoY Change -62.92% 41.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -260.0M -$106.0M
YoY Change -373.68% -221.84%
NET CHANGE
Cash From Operating Activities 588.0M $522.0M
Cash From Investing Activities -221.0M -$314.0M
Cash From Financing Activities -260.0M -$106.0M
Net Change In Cash 107.0M $68.00M
YoY Change -208.08% -75.54%
FREE CASH FLOW
Cash From Operating Activities $588.0M $522.0M
Capital Expenditures $143.0M $145.0M
Free Cash Flow $445.0M $377.0M
YoY Change 83.88% 49.01%

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