2022 Q2 Form 10-Q Financial Statement

#000083344422000036 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q3
Revenue $6.614B $6.098B $6.392B
YoY Change 4.31% 9.01% 7.36%
Cost Of Revenue $4.414B $4.141B $4.201B
YoY Change 6.52% 13.42% 5.58%
Gross Profit $2.200B $1.957B $2.191B
YoY Change 0.14% 0.72% 10.94%
Gross Profit Margin 33.26% 32.09% 34.28%
Selling, General & Admin $1.589B $1.454B $1.344B
YoY Change 16.24% 16.04% -7.5%
% of Gross Profit 72.23% 74.3% 61.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $201.0M $208.0M $218.0M
YoY Change -3.37% -1.89% 5.83%
% of Gross Profit 9.14% 10.63% 9.95%
Operating Expenses $1.589B $1.454B $1.344B
YoY Change 16.24% 16.04% -7.5%
Operating Profit $611.0M $503.0M $847.0M
YoY Change -26.39% -27.1% 62.26%
Interest Expense $54.00M $56.00M $32.00M
YoY Change -1.82% 5.66% 357.14%
% of Operating Profit 8.84% 11.13% 3.78%
Other Income/Expense, Net -$6.000M -$5.000M -$6.000M
YoY Change -14.29% 25.0% -25.0%
Pretax Income $504.0M $110.0M $806.0M
YoY Change -34.46% -81.85% 54.7%
Income Tax $61.00M $58.00M $490.0M
% Of Pretax Income 12.1% 52.73% 60.79%
Net Earnings $379.0M $11.00M $269.0M
YoY Change -33.97% -96.79% -39.0%
Net Earnings / Revenue 5.73% 0.18% 4.21%
Basic Earnings Per Share $0.55 $0.02
Diluted Earnings Per Share $0.55 $0.02 $375.2K
COMMON SHARES
Basic Shares Outstanding 692.2M shares 699.1M shares
Diluted Shares Outstanding 694.9M shares 702.7M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.506B $1.787B $1.336B
YoY Change 3.86% -5.1% -31.52%
Cash & Equivalents $1.506B $1.787B $1.336B
Short-Term Investments
Other Short-Term Assets $1.235B $1.235B $992.0M
YoY Change 9.49% 6.47% -4.15%
Inventory $2.574B $2.515B $2.057B
Prepaid Expenses
Receivables $5.850B $5.689B $5.613B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.56B $11.61B $9.998B
YoY Change 12.11% 13.8% -0.55%
LONG-TERM ASSETS
Property, Plant & Equipment $2.962B $3.103B $3.228B
YoY Change -4.79% 2.92% 5.52%
Goodwill $17.73B $18.03B $18.34B
YoY Change -3.9% -0.52% 2.25%
Intangibles $4.764B $4.889B $5.549B
YoY Change -16.11% -7.04% 3.6%
Long-Term Investments $1.384B $1.073B $1.338B
YoY Change 3.59% -18.53% 12.82%
Other Assets $3.352B $3.206B $3.558B
YoY Change -1.09% -4.41% 6.08%
Total Long-Term Assets $30.77B $31.38B $31.89B
YoY Change -3.33% 1.3% 3.67%
TOTAL ASSETS
Total Short-Term Assets $11.56B $11.61B $9.998B
Total Long-Term Assets $30.77B $31.38B $31.89B
Total Assets $42.32B $42.99B $41.89B
YoY Change 0.45% 4.4% 2.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.125B $4.101B $3.746B
YoY Change 10.92% 20.02% 20.06%
Accrued Expenses $1.160B $961.0M $1.327B
YoY Change -12.05% -13.66% 13.42%
Deferred Revenue $1.846B $1.971B $1.637B
YoY Change 11.95% 15.26% 14.08%
Short-Term Debt $2.081B $2.044B $8.000M
YoY Change 685.28% 724.19% -74.19%
Long-Term Debt Due $217.0M $240.0M $226.0M
YoY Change 10.71% 22.45% -13.74%
Total Short-Term Liabilities $11.88B $11.65B $9.098B
YoY Change 27.98% 33.34% 10.31%
LONG-TERM LIABILITIES
Long-Term Debt $7.194B $7.366B $7.506B
YoY Change -1.69% 0.59% -0.27%
Other Long-Term Liabilities $5.523B $5.563B $5.905B
YoY Change -4.83% 0.61% 10.0%
Total Long-Term Liabilities $13.30B $13.65B $14.04B
YoY Change -4.01% -0.25% 0.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.88B $11.65B $9.098B
Total Long-Term Liabilities $13.30B $13.65B $14.04B
Total Liabilities $25.18B $25.30B $23.14B
YoY Change 8.83% 12.84% 3.84%
SHAREHOLDERS EQUITY
Retained Earnings $645.0M $900.0M $2.025B
YoY Change -71.41% -59.37% -17.98%
Common Stock $17.21B $17.18B $17.12B
YoY Change 0.71% 0.82% 1.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.201B $1.200B $1.152B
YoY Change 4.53% 4.53% 2.95%
Treasury Stock Shares 28.36M shares
Shareholders Equity $15.99B $16.54B $17.56B
YoY Change
Total Liabilities & Shareholders Equity $42.32B $42.99B $41.89B
YoY Change 0.45% 4.4% 2.63%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q3
OPERATING ACTIVITIES
Net Income $379.0M $11.00M $269.0M
YoY Change -33.97% -96.79% -39.0%
Depreciation, Depletion And Amortization $201.0M $208.0M $218.0M
YoY Change -3.37% -1.89% 5.83%
Cash From Operating Activities $487.0M -$68.00M $521.0M
YoY Change -42.23% -110.56% -46.56%
INVESTING ACTIVITIES
Capital Expenditures -$170.0M -$125.0M -$228.0M
YoY Change 33.86% 17.92% 137.5%
Acquisitions
YoY Change
Other Investing Activities -$86.00M $11.00M $24.00M
YoY Change -86.56% -54.17% -83.67%
Cash From Investing Activities -$256.0M -$114.0M -$204.0M
YoY Change -66.62% 39.02% -500.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -415.0M 801.0M -481.0M
YoY Change -27.32% -250.56% -68.1%
NET CHANGE
Cash From Operating Activities 487.0M -68.00M 521.0M
Cash From Investing Activities -256.0M -114.0M -204.0M
Cash From Financing Activities -415.0M 801.0M -481.0M
Net Change In Cash -184.0M 619.0M -164.0M
YoY Change -62.83% 1963.33% -65.98%
FREE CASH FLOW
Cash From Operating Activities $487.0M -$68.00M $521.0M
Capital Expenditures -$170.0M -$125.0M -$228.0M
Free Cash Flow $657.0M $57.00M $749.0M
YoY Change -32.27% -92.4% -30.07%

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