2022 Q1 Form 10-Q Financial Statement

#000150630722000037 Filed on April 22, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $4.293B $5.211B
YoY Change -17.62% 67.77%
Cost Of Revenue $1.894B $2.009B
YoY Change -5.72% 203.02%
Gross Profit $2.399B $3.202B
YoY Change -25.08% 31.07%
Gross Profit Margin 55.88% 61.45%
Selling, General & Admin $267.0M $266.0M
YoY Change 0.38% 8.57%
% of Gross Profit 11.13% 8.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $538.0M $541.0M
YoY Change -0.55% -4.25%
% of Gross Profit 22.43% 16.9%
Operating Expenses $800.0M $806.0M
YoY Change -0.74% -0.37%
Operating Profit $1.024B $1.886B
YoY Change -45.71% 4286.05%
Interest Expense -$333.0M -$377.0M
YoY Change -11.67% -13.53%
% of Operating Profit -32.52% -19.99%
Other Income/Expense, Net -$146.0M -$110.0M
YoY Change 32.73% -59.85%
Pretax Income $878.0M $1.776B
YoY Change -50.56% -868.83%
Income Tax $194.0M $351.0M
% Of Pretax Income 22.1% 19.76%
Net Earnings $667.0M $1.409B
YoY Change -52.66% -560.46%
Net Earnings / Revenue 15.54% 27.04%
Basic Earnings Per Share $0.29 $0.62
Diluted Earnings Per Share $0.29 $0.62
COMMON SHARES
Basic Shares Outstanding 2.267B shares 2.264B shares
Diluted Shares Outstanding 2.267B shares 2.264B shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $84.00M $1.377B
YoY Change -93.9% 282.5%
Cash & Equivalents $84.00M $1.377B
Short-Term Investments
Other Short-Term Assets $286.0M $279.0M
YoY Change 2.51% 30.99%
Inventory $591.0M $389.0M
Prepaid Expenses
Receivables $1.661B $1.425B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.033B $3.734B
YoY Change -18.77% 20.61%
LONG-TERM ASSETS
Property, Plant & Equipment $35.56B $35.61B
YoY Change -0.13% -1.21%
Goodwill $19.91B $19.85B
YoY Change 0.32% -4.8%
Intangibles $1.618B $2.396B
YoY Change -32.47% -8.41%
Long-Term Investments $7.545B $7.693B
YoY Change -1.92% -2.45%
Other Assets $1.460B $1.716B
YoY Change -14.92% -21.82%
Total Long-Term Assets $66.10B $67.47B
YoY Change -2.03% -4.2%
TOTAL ASSETS
Total Short-Term Assets $3.033B $3.734B
Total Long-Term Assets $66.10B $67.47B
Total Assets $69.14B $71.21B
YoY Change -2.91% -3.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.204B $968.0M
YoY Change 24.38% 28.72%
Accrued Expenses $302.0M $461.0M
YoY Change -34.49% 36.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.324B $2.173B
YoY Change 52.97% -38.62%
Total Short-Term Liabilities $6.450B $4.618B
YoY Change 39.67% -17.65%
LONG-TERM LIABILITIES
Long-Term Debt $28.76B $31.06B
YoY Change -7.41% -1.1%
Other Long-Term Liabilities $2.219B $2.221B
YoY Change -0.09% -1.73%
Total Long-Term Liabilities $30.98B $33.28B
YoY Change -6.92% -1.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.450B $4.618B
Total Long-Term Liabilities $30.98B $33.28B
Total Liabilities $37.43B $37.90B
YoY Change -1.25% -3.5%
SHAREHOLDERS EQUITY
Retained Earnings -$10.54B -$9.124B
YoY Change 15.56% 6.49%
Common Stock $23.00M $23.00M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.62B $32.19B
YoY Change
Total Liabilities & Shareholders Equity $69.14B $71.21B
YoY Change -2.91% -3.16%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $667.0M $1.409B
YoY Change -52.66% -560.46%
Depreciation, Depletion And Amortization $538.0M $541.0M
YoY Change -0.55% -4.25%
Cash From Operating Activities $1.084B $1.873B
YoY Change -42.12% 109.74%
INVESTING ACTIVITIES
Capital Expenditures $407.0M $267.0M
YoY Change 52.43% -39.32%
Acquisitions
YoY Change
Other Investing Activities $3.000M $12.00M
YoY Change -75.0% -45.45%
Cash From Investing Activities -$371.0M $130.0M
YoY Change -385.38% -61.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.000M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.512B -$1.789B
YoY Change -15.48% 267.35%
NET CHANGE
Cash From Operating Activities $1.084B $1.873B
Cash From Investing Activities -$371.0M $130.0M
Cash From Financing Activities -$1.512B -$1.789B
Net Change In Cash -$799.0M $214.0M
YoY Change -473.36% -70.8%
FREE CASH FLOW
Cash From Operating Activities $1.084B $1.873B
Capital Expenditures $407.0M $267.0M
Free Cash Flow $677.0M $1.606B
YoY Change -57.85% 254.53%

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