2022 Q4 Form 10-Q Financial Statement

#000103797622000036 Filed on November 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $5.605B $5.178B
YoY Change -5.73% 5.9%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.249B $4.898B
YoY Change 71.15% 100.45%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $62.60M $55.70M
YoY Change 9.44% 5.49%
% of Gross Profit
Operating Expenses $5.312B $4.975B
YoY Change 70.02% 8.24%
Operating Profit $202.6M
YoY Change -30.83%
Interest Expense -$47.70M -$22.70M
YoY Change -151.18% -391.03%
% of Operating Profit -11.2%
Other Income/Expense, Net $14.30M $500.0K
YoY Change -780.95% -61.54%
Pretax Income $221.3M $180.4M
YoY Change -58.77% -40.26%
Income Tax $45.40M $42.30M
% Of Pretax Income 20.52% 23.45%
Net Earnings $174.8M $140.2M
YoY Change -58.52% -40.89%
Net Earnings / Revenue 3.12% 2.71%
Basic Earnings Per Share $2.93
Diluted Earnings Per Share $3.63 $2.88
COMMON SHARES
Basic Shares Outstanding 47.46M shares 47.92M shares
Diluted Shares Outstanding 48.63M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $519.3M $489.4M
YoY Change -12.53% -8.68%
Cash & Equivalents $519.3M $489.4M
Short-Term Investments
Other Short-Term Assets $603.5M $707.8M
YoY Change 20.53% -64.5%
Inventory
Prepaid Expenses
Receivables $2.149B $1.913B
Other Receivables $2.938B $2.890B
Total Short-Term Assets $6.570B $6.370B
YoY Change 2.85% -12.15%
LONG-TERM ASSETS
Property, Plant & Equipment $582.9M $731.5M
YoY Change -21.23% 5.49%
Goodwill $4.528B $4.455B
YoY Change -1.81% 5.76%
Intangibles $858.5M $861.6M
YoY Change -3.21% 26.59%
Long-Term Investments $873.8M $890.9M
YoY Change 17.18% 37.78%
Other Assets $175.9M $217.5M
YoY Change -24.7% 13.46%
Total Long-Term Assets $9.024B $9.009B
YoY Change -1.02% 9.91%
TOTAL ASSETS
Total Short-Term Assets $6.570B $6.370B
Total Long-Term Assets $9.024B $9.009B
Total Assets $15.59B $15.38B
YoY Change 0.57% -0.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.237B $858.4M
YoY Change -2.06% -15.12%
Accrued Expenses $1.906B $1.660B
YoY Change -12.69% 0.73%
Deferred Revenue
YoY Change
Short-Term Debt $619.5M $244.2M
YoY Change 46.59% -89.22%
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $5.912B $5.404B
YoY Change -8.86% -19.0%
LONG-TERM LIABILITIES
Long-Term Debt $1.587B $1.929B
YoY Change 197.23% 116.59%
Other Long-Term Liabilities $407.0M $554.1M
YoY Change -29.55% -6.21%
Total Long-Term Liabilities $407.0M $554.1M
YoY Change -29.55% -6.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.912B $5.404B
Total Long-Term Liabilities $407.0M $554.1M
Total Liabilities $9.444B $9.369B
YoY Change 3.97% -1.25%
SHAREHOLDERS EQUITY
Retained Earnings $5.590B $5.416B
YoY Change 13.22% 19.92%
Common Stock $2.023B $2.035B
YoY Change -1.51% 0.04%
Preferred Stock
YoY Change
Treasury Stock (at cost) $934.6M $950.9M
YoY Change 130.03% 267.0%
Treasury Stock Shares 4.578M shares 4.569M shares
Shareholders Equity $6.021B $5.772B
YoY Change
Total Liabilities & Shareholders Equity $15.59B $15.38B
YoY Change 0.57% -0.45%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $174.8M $140.2M
YoY Change -58.52% -40.89%
Depreciation, Depletion And Amortization $62.60M $55.70M
YoY Change 9.44% 5.49%
Cash From Operating Activities $601.8M $137.5M
YoY Change -21.03% -69.87%
INVESTING ACTIVITIES
Capital Expenditures $69.80M -$49.10M
YoY Change -208.55% 17.46%
Acquisitions
YoY Change
Other Investing Activities -$25.50M -$35.60M
YoY Change -94.01% -41.06%
Cash From Investing Activities -$95.30M -$84.70M
YoY Change -80.54% -17.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -513.6M -100.8M
YoY Change 180.5% -63.4%
NET CHANGE
Cash From Operating Activities 601.8M 137.5M
Cash From Investing Activities -95.30M -84.70M
Cash From Financing Activities -513.6M -100.8M
Net Change In Cash -7.100M -48.00M
YoY Change -107.96% -160.91%
FREE CASH FLOW
Cash From Operating Activities $601.8M $137.5M
Capital Expenditures $69.80M -$49.10M
Free Cash Flow $532.0M $186.6M
YoY Change -35.62% -62.55%

Facts In Submission

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CY2022Q3 us-gaap Income Tax Expense Benefit
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CY2021Q4 us-gaap Long Term Debt Current
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CY2022Q3 us-gaap Senior Long Term Notes
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CY2021Q4 us-gaap Senior Long Term Notes
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CY2022Q3 us-gaap Common Stock Issued Employee Stock Trust
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5200000 usd
CY2022Q3 us-gaap Bank Overdrafts
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26100000 usd
CY2021Q4 us-gaap Bank Overdrafts
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9200000 usd
CY2022Q3 us-gaap Other Short Term Borrowings
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218100000 usd
CY2021Q4 us-gaap Other Short Term Borrowings
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138700000 usd
CY2022Q3 us-gaap Long Term Debt Current
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CY2021Q4 us-gaap Long Term Debt Current
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CY2022Q3 us-gaap Short Term Borrowings
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CY2021Q4 us-gaap Letters Of Credit Outstanding Amount
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CY2022Q3 us-gaap Letters Of Credit Outstanding Amount
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CY2022Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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CY2022Q3 us-gaap Warehouse Agreement Borrowings
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CY2021Q4 us-gaap Warehouse Agreement Borrowings
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CY2022Q3 jll Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
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CY2021Q4 jll Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
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15400000000 usd
CY2022Q3 jll Loanlossaccrual
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26900000 usd
CY2021Q4 jll Loanlossaccrual
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24600000 usd
CY2022Q3 jll Loanlossguaranteereserve
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20300000 usd
CY2021Q4 jll Loanlossguaranteereserve
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22900000 usd
CY2022Q3 us-gaap Share Based Compensation
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300000 usd
CY2021Q3 us-gaap Share Based Compensation
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3200000 usd
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5700000 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2022Q3 us-gaap Restructuring Costs And Asset Impairment Charges
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15600000 usd
us-gaap Restructuring Costs And Asset Impairment Charges
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66400000 usd
us-gaap Restructuring Costs And Asset Impairment Charges
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50900000 usd

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