2022 Q1 Form 10-Q Financial Statement

#000103797622000016 Filed on May 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $4.801B $4.037B
YoY Change 18.93% -1.44%
Cost Of Revenue $1.908B
YoY Change 2.39%
Gross Profit $2.130B
YoY Change -4.63%
Gross Profit Margin 52.75%
Selling, General & Admin $4.552B $1.979B
YoY Change 130.04% -5.74%
% of Gross Profit 92.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $54.40M $53.00M
YoY Change 2.64% -3.64%
% of Gross Profit 2.49%
Operating Expenses $4.626B $3.956B
YoY Change 16.92% -1.86%
Operating Profit $175.7M $80.70M
YoY Change 117.72% 24.92%
Interest Expense $8.300M $38.10M
YoY Change -78.22% -188.81%
% of Operating Profit 4.72% 47.21%
Other Income/Expense, Net $200.0K $11.80M
YoY Change -98.31% 1211.11%
Pretax Income $184.2M $130.6M
YoY Change 41.04% 477.88%
Income Tax $40.30M $28.20M
% Of Pretax Income 21.88% 21.59%
Net Earnings $145.6M $103.0M
YoY Change 41.36% 1843.4%
Net Earnings / Revenue 3.03% 2.55%
Basic Earnings Per Share $2.92 $2.01
Diluted Earnings Per Share $2.86 $1.97
COMMON SHARES
Basic Shares Outstanding 49.78M shares 51.17M shares
Diluted Shares Outstanding 50.96M shares 52.18M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $575.8M $457.0M
YoY Change 26.0% -36.62%
Cash & Equivalents $575.8M $456.6M
Short-Term Investments
Other Short-Term Assets $566.7M $1.843B
YoY Change -69.25% -5.73%
Inventory
Prepaid Expenses
Receivables $1.895B $1.477B
Other Receivables $2.790B $1.232B
Total Short-Term Assets $6.165B $5.274B
YoY Change 16.91% -14.9%
LONG-TERM ASSETS
Property, Plant & Equipment $749.1M $682.0M
YoY Change 9.84% 0.53%
Goodwill $4.598B $4.202B
YoY Change 9.43% 2.37%
Intangibles $879.5M $687.0M
YoY Change 28.02% 4.3%
Long-Term Investments $785.3M $545.0M
YoY Change 44.09% 39.39%
Other Assets $247.2M $186.6M
YoY Change 32.48% -7.81%
Total Long-Term Assets $9.227B $8.033B
YoY Change 14.87% 4.27%
TOTAL ASSETS
Total Short-Term Assets $6.165B $5.274B
Total Long-Term Assets $9.227B $8.033B
Total Assets $15.39B $13.31B
YoY Change 15.68% -4.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.059B $1.109B
YoY Change -4.47% 1.19%
Accrued Expenses $1.489B $1.191B
YoY Change 25.05% -0.58%
Deferred Revenue
YoY Change
Short-Term Debt $392.9M $834.0M
YoY Change -52.89% -10.99%
Long-Term Debt Due $274.7M $91.00M
YoY Change 201.87% -27.2%
Total Short-Term Liabilities $5.403B $4.692B
YoY Change 15.16% -5.93%
LONG-TERM LIABILITIES
Long-Term Debt $1.502B $1.026B
YoY Change 46.35% -51.03%
Other Long-Term Liabilities $548.3M $582.1M
YoY Change -5.81% 20.34%
Total Long-Term Liabilities $548.3M $582.1M
YoY Change -5.81% 20.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.403B $4.692B
Total Long-Term Liabilities $548.3M $582.1M
Total Liabilities $8.970B $7.592B
YoY Change 18.15% -14.35%
SHAREHOLDERS EQUITY
Retained Earnings $5.083B $4.079B
YoY Change 24.62% 14.15%
Common Stock $2.067B $2.016B
YoY Change 2.54% 2.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $552.7M $85.70M
YoY Change 544.92% 242.8%
Treasury Stock Shares 2.474M shares 767.2K shares
Shareholders Equity $6.173B $5.620B
YoY Change
Total Liabilities & Shareholders Equity $15.39B $13.31B
YoY Change 15.68% -4.28%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $145.6M $103.0M
YoY Change 41.36% 1843.4%
Depreciation, Depletion And Amortization $54.40M $53.00M
YoY Change 2.64% -3.64%
Cash From Operating Activities -$716.4M -$461.8M
YoY Change 55.13% -15.44%
INVESTING ACTIVITIES
Capital Expenditures -$46.60M -$34.60M
YoY Change 34.68% -22.07%
Acquisitions $2.000M $200.0K
YoY Change 900.0%
Other Investing Activities $2.500M -$4.000M
YoY Change -162.5% -273.91%
Cash From Investing Activities -$94.00M -$97.80M
YoY Change -3.89% 8.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $150.0M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $806.5M $376.7M
YoY Change 114.1% -57.35%
NET CHANGE
Cash From Operating Activities -$716.4M -$461.8M
Cash From Investing Activities -$94.00M -$97.80M
Cash From Financing Activities $806.5M $376.7M
Net Change In Cash -$10.60M -$195.3M
YoY Change -94.57% -186.57%
FREE CASH FLOW
Cash From Operating Activities -$716.4M -$461.8M
Capital Expenditures -$46.60M -$34.60M
Free Cash Flow -$669.8M -$427.2M
YoY Change 56.79% -14.85%

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BankOverdrafts
9200000 USD
CY2022Q1 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
110500000 USD
CY2021Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
138700000 USD
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
274700000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
274700000 USD
CY2022Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
392900000 USD
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
422600000 USD
CY2022Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1894400000 USD
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
956400000 USD
CY2021Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
700000 USD
CY2022Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
700000 USD
CY2022Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
55000000 USD
CY2022Q1 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
705300000 USD
CY2021Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
795700000 USD
CY2021Q4 us-gaap Loss Contingency Receivable
LossContingencyReceivable
22500000 USD
CY2022Q1 us-gaap Loss Contingency Receivable
LossContingencyReceivable
22500000 USD
CY2022Q1 jll Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
15800000000 USD
CY2021Q4 jll Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
15400000000 USD
CY2022Q1 jll Loanlossaccrual
Loanlossaccrual
24800000 USD
CY2021Q4 jll Loanlossaccrual
Loanlossaccrual
24600000 USD
CY2022Q1 jll Loanlossguaranteereserve
Loanlossguaranteereserve
22900000 USD
CY2021Q4 jll Loanlossguaranteereserve
Loanlossguaranteereserve
22900000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2700000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
6000000.0 USD
CY2022Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-700000 USD
CY2021Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-100000 USD
CY2022Q1 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
19500000 USD
CY2021Q1 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
17200000 USD

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