2023 Q4 Form 10-Q Financial Statement

#000103526723000196 Filed on October 20, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $1.928B $1.744B
YoY Change 16.51% 11.96%
Cost Of Revenue $650.9M $576.5M
YoY Change 19.63% 14.09%
Gross Profit $1.277B $1.167B
YoY Change 14.99% 10.94%
Gross Profit Margin 66.24% 66.94%
Selling, General & Admin $566.3M $452.0M
YoY Change 14.57% 3.65%
% of Gross Profit 44.33% 38.73%
Research & Development $257.6M $249.4M
YoY Change 5.53% 14.88%
% of Gross Profit 20.17% 21.37%
Depreciation & Amortization $133.6M $116.3M
YoY Change 19.18% 20.02%
% of Gross Profit 10.46% 9.96%
Operating Expenses $824.7M $701.4M
YoY Change 11.69% 7.38%
Operating Profit $452.7M $465.8M
YoY Change 21.53% 16.77%
Interest Expense $65.70M $56.20M
YoY Change 195.95% 1341.03%
% of Operating Profit 14.51% 12.07%
Other Income/Expense, Net $56.20M
YoY Change 1341.03%
Pretax Income $515.9M $522.0M
YoY Change 30.71% 29.59%
Income Tax -$94.80M $102.2M
% Of Pretax Income -18.38% 19.58%
Net Earnings $606.2M $415.7M
YoY Change 86.58% 28.3%
Net Earnings / Revenue 31.44% 23.84%
Basic Earnings Per Share $1.18
Diluted Earnings Per Share $1.69 $1.16
COMMON SHARES
Basic Shares Outstanding 352.1M shares 351.4M shares
Diluted Shares Outstanding 358.2M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.366B $6.610B
YoY Change -20.41% -10.58%
Cash & Equivalents $2.750B $3.602B
Short-Term Investments $2.615B $3.008B
Other Short-Term Assets $171.7M $183.0M
YoY Change 4.5% 10.31%
Inventory $1.221B $1.148B
Prepaid Expenses
Receivables $1.130B $962.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.888B $8.903B
YoY Change -8.03% 41.47%
LONG-TERM ASSETS
Property, Plant & Equipment $3.538B $3.077B
YoY Change 49.0% 37.14%
Goodwill $348.7M $348.1M
YoY Change 0.06% -0.03%
Intangibles
YoY Change
Long-Term Investments $2.120B $1.045B
YoY Change -19.19% -66.05%
Other Assets $1.429B $1.298B
YoY Change -14.67% -18.38%
Total Long-Term Assets $7.554B $5.810B
YoY Change 71.78% -16.62%
TOTAL ASSETS
Total Short-Term Assets $7.888B $8.903B
Total Long-Term Assets $7.554B $5.810B
Total Assets $15.44B $14.71B
YoY Change 19.02% 10.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $188.7M $196.2M
YoY Change -86.74% 19.49%
Accrued Expenses $912.5M $743.0M
YoY Change 16.73% 16.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.659B $1.676B
YoY Change -10.89% 35.92%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $385.5M $413.0M
YoY Change -12.25% -8.91%
Total Long-Term Liabilities $385.5M $413.0M
YoY Change -12.25% -8.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.659B $1.676B
Total Long-Term Liabilities $385.5M $413.0M
Total Liabilities $2.044B $2.089B
YoY Change 9.82% 23.86%
SHAREHOLDERS EQUITY
Retained Earnings $4.743B $4.209B
YoY Change 35.51% 4.76%
Common Stock $8.577B $8.386B
YoY Change 11.32% 9.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.31B $12.54B
YoY Change
Total Liabilities & Shareholders Equity $15.44B $14.71B
YoY Change 19.02% 10.95%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $606.2M $415.7M
YoY Change 86.58% 28.3%
Depreciation, Depletion And Amortization $133.6M $116.3M
YoY Change 19.18% 20.02%
Cash From Operating Activities $228.3M $548.4M
YoY Change -47.86% 43.11%
INVESTING ACTIVITIES
Capital Expenditures $435.5M $256.3M
YoY Change 216.27% -251.57%
Acquisitions
YoY Change
Other Investing Activities -$608.7M -$190.3M
YoY Change -185.43% -126.67%
Cash From Investing Activities -$1.044B -$446.6M
YoY Change -281.66% -182.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -31.50M 61.80M
YoY Change -96.73% -106.67%
NET CHANGE
Cash From Operating Activities 228.3M 548.4M
Cash From Investing Activities -1.044B -446.6M
Cash From Financing Activities -31.50M 61.80M
Net Change In Cash -847.4M 163.6M
YoY Change -1822.36% 18077.78%
FREE CASH FLOW
Cash From Operating Activities $228.3M $548.4M
Capital Expenditures $435.5M $256.3M
Free Cash Flow -$207.2M $292.1M
YoY Change -169.02% -47.11%

Facts In Submission

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us-gaap Allocated Share Based Compensation Expense
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CY2023Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2022Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2023Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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CY2023Q3 us-gaap Income Tax Expense Benefit
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Financial_Report.xlsx Edgar Link pending
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