2024 Q2 Form 10-Q Financial Statement

#000150630724000031 Filed on April 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $3.572B $3.842B
YoY Change 2.03% -1.18%
Cost Of Revenue $1.708B $1.787B
YoY Change 3.14% -3.61%
Gross Profit $1.864B $2.055B
YoY Change 1.03% 1.03%
Gross Profit Margin 52.18% 53.49%
Selling, General & Admin $288.0M $286.0M
YoY Change 5.88% 3.62%
% of Gross Profit 15.45% 13.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $584.0M $587.0M
YoY Change 4.85% 3.89%
% of Gross Profit 31.33% 28.56%
Operating Expenses $184.0M $864.0M
YoY Change -77.78% 2.86%
Operating Profit $1.038B $1.191B
YoY Change 2.06% -0.25%
Interest Expense -$464.0M -$229.0M
YoY Change 97.45% -18.21%
% of Operating Profit -44.7% -19.23%
Other Income/Expense, Net -$268.0M -$12.00M
YoY Change 1476.47% -20.0%
Pretax Income $770.0M $982.0M
YoY Change -1.03% 9.23%
Income Tax $168.0M $209.0M
% Of Pretax Income 21.82% 21.28%
Net Earnings $575.0M $742.0M
YoY Change -1.2% 9.28%
Net Earnings / Revenue 16.1% 19.31%
Basic Earnings Per Share $0.26 $0.33
Diluted Earnings Per Share $0.26 $0.33
COMMON SHARES
Basic Shares Outstanding 2.219B shares 2.219B shares
Diluted Shares Outstanding 2.219B shares 2.220B shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $98.00M $119.0M
YoY Change -80.28% -71.39%
Cash & Equivalents $98.00M $119.0M
Short-Term Investments
Other Short-Term Assets $190.0M $236.0M
YoY Change -48.37% -89.65%
Inventory $537.0M $548.0M
Prepaid Expenses
Receivables $1.293B $1.404B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.190B $2.307B
YoY Change -19.43% -14.43%
LONG-TERM ASSETS
Property, Plant & Equipment $37.53B $37.31B
YoY Change 4.96% 4.7%
Goodwill $20.08B $20.09B
YoY Change 0.6% 0.65%
Intangibles $1.858B $1.907B
YoY Change 9.55% 9.41%
Long-Term Investments $7.851B $7.906B
YoY Change 2.43% 3.81%
Other Assets $1.186B $1.209B
YoY Change -6.61% -59.9%
Total Long-Term Assets $68.51B $68.43B
YoY Change 3.25% 3.31%
TOTAL ASSETS
Total Short-Term Assets $2.190B $2.307B
Total Long-Term Assets $68.51B $68.43B
Total Assets $70.70B $70.74B
YoY Change 2.36% 2.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.204B $1.074B
YoY Change 5.43% -1.2%
Accrued Expenses $524.0M $365.0M
YoY Change 2.54% 3.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.062B $1.975B
YoY Change 10.94% -8.56%
Total Short-Term Liabilities $5.958B $4.575B
YoY Change 6.34% -4.19%
LONG-TERM LIABILITIES
Long-Term Debt $28.65B $30.17B
YoY Change 0.06% 2.81%
Other Long-Term Liabilities $2.672B $2.679B
YoY Change 39.24% -0.63%
Total Long-Term Liabilities $33.05B $32.85B
YoY Change 8.18% 2.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.958B $4.575B
Total Long-Term Liabilities $33.05B $32.85B
Total Liabilities $39.01B $40.36B
YoY Change 1.31% 5.74%
SHAREHOLDERS EQUITY
Retained Earnings -$10.64B -$10.57B
YoY Change 0.85% 0.71%
Common Stock $22.00M $22.00M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.34B $30.37B
YoY Change
Total Liabilities & Shareholders Equity $70.70B $70.74B
YoY Change 2.36% 2.62%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $575.0M $742.0M
YoY Change -1.2% 9.28%
Depreciation, Depletion And Amortization $584.0M $587.0M
YoY Change 4.85% 3.89%
Cash From Operating Activities $1.687B $1.189B
YoY Change 8.84% -10.8%
INVESTING ACTIVITIES
Capital Expenditures $639.0M $619.0M
YoY Change 16.39% 22.09%
Acquisitions
YoY Change
Other Investing Activities $39.00M $47.00M
YoY Change -234.48% 176.47%
Cash From Investing Activities -$600.0M -$572.0M
YoY Change 3.81% 12.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.106B -570.0M
YoY Change 24.27% -51.74%
NET CHANGE
Cash From Operating Activities 1.687B 1.189B
Cash From Investing Activities -600.0M -572.0M
Cash From Financing Activities -1.106B -570.0M
Net Change In Cash -19.00M 47.00M
YoY Change -123.17% -113.2%
FREE CASH FLOW
Cash From Operating Activities $1.687B $1.189B
Capital Expenditures $639.0M $619.0M
Free Cash Flow $1.048B $570.0M
YoY Change 4.7% -30.99%

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