2024 Q1 Form 10-K Financial Statement

#000001961724000225 Filed on February 16, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $41.93B $158.1B
YoY Change 9.35% 22.85%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $2.421B $9.246B
YoY Change 10.85% -1.2%
% of Gross Profit
Depreciation & Amortization $2.004B $3.337B $7.512B
YoY Change 21.53% 99.7% 6.54%
% of Gross Profit
Operating Expenses $2.421B $9.246B
YoY Change 10.85% -1.2%
Operating Profit
YoY Change
Interest Expense $24.36B $81.32B
YoY Change 49.49% 211.61%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $17.29B $11.33B $61.61B
YoY Change 8.3% -14.44% 33.46%
Income Tax $3.874B $2.019B $12.06B
% Of Pretax Income 22.4% 17.83% 19.57%
Net Earnings $12.94B $8.870B $47.76B
YoY Change 6.14% -16.3% 33.07%
Net Earnings / Revenue 30.86% 30.21%
Basic Earnings Per Share $4.45 $16.25
Diluted Earnings Per Share $4.45 $3.04 $16.23
COMMON SHARES
Basic Shares Outstanding 2.880B shares 2.939B shares
Diluted Shares Outstanding 2.913B shares 2.943B shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $562.1B $624.2B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $30.28B $30.16B $30.16B
YoY Change 7.12% 8.74% 8.74%
Goodwill $52.64B $52.63B
YoY Change 0.94% 1.88%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $4091B $3875B $3875B
YoY Change 9.25% 5.72% 5.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $301.5B $290.3B $290.3B
YoY Change 9.59% -3.28% -3.28%
Accrued Expenses $8.763B $8.833B $8.833B
YoY Change 8.01% 7.94% 7.94%
Deferred Revenue
YoY Change
Short-Term Debt $371.9B $261.2B $261.2B
YoY Change 28.86% 493.38% 5.92%
Long-Term Debt Due $33.23B
YoY Change 32.1%
Total Short-Term Liabilities $673.4B $551.6B $551.6B
YoY Change 19.46% 83.76% 83.76%
LONG-TERM LIABILITIES
Long-Term Debt $395.9B $391.8B $391.8B
YoY Change 33.97% 32.43% 32.43%
Other Long-Term Liabilities $256.4B $203.4B $203.4B
YoY Change 25.22% 6.75% 6.75%
Total Long-Term Liabilities $652.3B $595.3B $595.3B
YoY Change 30.39% 22.37% 22.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $673.4B $551.6B $551.6B
Total Long-Term Liabilities $652.3B $595.3B $595.3B
Total Liabilities $3754B $3548B $3548B
YoY Change 9.09% 5.16% 5.16%
SHAREHOLDERS EQUITY
Retained Earnings $342.4B $332.9B
YoY Change 11.82% 12.29%
Common Stock $94.01B $94.23B
YoY Change 0.8% 1.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $336.6B $327.9B $327.9B
YoY Change
Total Liabilities & Shareholders Equity $4091B $3875B $3875B
YoY Change 9.25% 5.72% 5.72%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $12.94B $8.870B $47.76B
YoY Change 6.14% -16.3% 33.07%
Depreciation, Depletion And Amortization $2.004B $3.337B $7.512B
YoY Change 21.53% 99.7% 6.54%
Cash From Operating Activities -$154.2B $60.23B $12.97B
YoY Change 38.58% -40.5% -87.89%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions $9.920B
YoY Change
Other Investing Activities $963.0M $79.88B $16.74B
YoY Change -85.37% -255.02% 40.3%
Cash From Investing Activities -$43.38B $79.88B $67.64B
YoY Change -282.31% -255.02% -149.08%
FINANCING ACTIVITIES
Cash Dividend Paid $3.493B $13.46B
YoY Change 3.53% -0.73%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $141.2B -35.90B -$25.57B
YoY Change 118.67% -74.78% -79.75%
NET CHANGE
Cash From Operating Activities -$154.2B 60.23B $12.97B
Cash From Investing Activities -$43.38B 79.88B $67.64B
Cash From Financing Activities $141.2B -35.90B -$25.57B
Net Change In Cash -$62.04B 104.2B $56.92B
YoY Change 192.15% -212.48% -132.79%
FREE CASH FLOW
Cash From Operating Activities -$154.2B $60.23B $12.97B
Capital Expenditures
Free Cash Flow
YoY Change

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<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Amplitude',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the Consolidated Financial Statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenue and expense, and disclosures of contingent assets and liabilities. Actual results could be different from these estimates.</span></div>
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CY2023 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
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CY2023Q4 us-gaap Servicing Asset At Fair Value Amount
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Contractual service fees, late fees and other ancillary fees included in income
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CY2023Q4 jpm Servicer Advances On Mortgage Loans
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CY2021 jpm Mortgage Fees And Related Income
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CY2022Q4 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of10 Percent Adverse Change In Prepayment Speed
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CY2023Q4 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of20 Percent Adverse Change In Prepayment Speed
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CY2022Q4 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of20 Percent Adverse Change In Prepayment Speed
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