2022 Q2 Form 10-Q Financial Statement

#000171218422000243 Filed on August 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q4 2021 Q2
Revenue $1.218B $1.279B $1.173B
YoY Change 3.78% 16.58% 38.2%
Cost Of Revenue $299.5M $343.1M $279.4M
YoY Change 7.19% 29.08% 55.48%
Gross Profit $918.1M $936.0M $893.8M
YoY Change 2.72% 12.58% 33.56%
Gross Profit Margin 75.4% 73.18% 76.18%
Selling, General & Admin $31.80M $29.20M $32.80M
YoY Change -3.05%
% of Gross Profit 3.46% 3.12% 3.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $213.3M $211.3M $241.2M
YoY Change -11.57% -16.52% 11.46%
% of Gross Profit 23.23% 22.57% 26.99%
Operating Expenses $699.7M $706.9M $715.1M
YoY Change -2.15% 4.16% 24.04%
Operating Profit -$350.2M $229.1M $173.0M
YoY Change -302.43% 121.78% -183.98%
Interest Expense $136.9M -$143.9M $133.7M
YoY Change 2.39% 18.34% -1.18%
% of Operating Profit -62.81% 77.28%
Other Income/Expense, Net -$116.0M $400.0K -$121.2M
YoY Change -4.29% -103.42% -58.26%
Pretax Income -$466.2M -$570.1M $51.80M
YoY Change -1000.0% 1800.33% -110.44%
Income Tax $40.00M $84.40M $43.00M
% Of Pretax Income 83.01%
Net Earnings -$473.0M -$610.5M $12.70M
YoY Change -3824.41% 2012.46% -103.23%
Net Earnings / Revenue -38.85% -47.73% 1.08%
Basic Earnings Per Share -$2.10 $0.05
Diluted Earnings Per Share -$2.10 -$2.640M $0.05
COMMON SHARES
Basic Shares Outstanding 224.9M shares 234.0M shares
Diluted Shares Outstanding 224.9M shares 234.8M shares

Balance Sheet

Concept 2022 Q2 2021 Q4 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.031B $956.7M $1.311B
YoY Change -21.39% 7.01% -25.17%
Cash & Equivalents $1.031B $956.7M $1.311B
Short-Term Investments
Other Short-Term Assets $510.2M $389.0M $527.2M
YoY Change -3.22% 10.04% 140.51%
Inventory
Prepaid Expenses $81.60M $67.70M $91.00M
Receivables $610.8M $536.4M $591.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.353B $2.066B $2.521B
YoY Change -6.65% 6.09% -0.8%
LONG-TERM ASSETS
Property, Plant & Equipment $4.124B $4.168B $4.873B
YoY Change -15.37% -12.27% 17.27%
Goodwill $3.368B $3.948B $4.775B
YoY Change -29.47% -19.19% 6.06%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.320B $1.254B $1.108B
YoY Change 19.05% 8.39% 44.0%
Total Long-Term Assets $12.62B $13.32B $12.98B
YoY Change -2.77% 1.46% 6.08%
TOTAL ASSETS
Total Short-Term Assets $2.353B $2.066B $2.521B
Total Long-Term Assets $12.62B $13.32B $12.98B
Total Assets $14.97B $15.39B $15.50B
YoY Change -3.41% 2.05% 4.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $318.5M $398.0M $366.1M
YoY Change -13.0% -6.42% 35.49%
Accrued Expenses $873.3M $823.1M $923.3M
YoY Change -5.42% -10.14% 8.24%
Deferred Revenue $161.6M $148.0M $166.8M
YoY Change -3.12% -23.95% 22.47%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $166.4M $106.3M $164.6M
YoY Change 1.09% -33.56% -11.98%
Total Short-Term Liabilities $1.520B $1.515B $1.690B
YoY Change -10.07% -10.86% 11.39%
LONG-TERM LIABILITIES
Long-Term Debt $7.629B $7.460B $8.630B
YoY Change -11.6% -8.85% -0.29%
Other Long-Term Liabilities $736.6M $795.5M $835.4M
YoY Change -11.83% -26.38% 15.08%
Total Long-Term Liabilities $736.6M $795.5M $835.4M
YoY Change -11.83% -91.41% 15.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.520B $1.515B $1.690B
Total Long-Term Liabilities $736.6M $795.5M $835.4M
Total Liabilities $12.50B $12.47B $11.96B
YoY Change 4.51% 6.28% 4.07%
SHAREHOLDERS EQUITY
Retained Earnings -$3.067B -$2.678B -$2.042B
YoY Change 50.19% 19.67% 1.05%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $192.8M $74.00M $19.50M
YoY Change 888.72% 678.95% 105.26%
Treasury Stock Shares 18.23M shares 6.018M shares 1.673M shares
Shareholders Equity $1.818B $2.236B $2.811B
YoY Change
Total Liabilities & Shareholders Equity $14.97B $15.39B $15.50B
YoY Change -3.41% 2.05% 4.9%

Cashflow Statement

Concept 2022 Q2 2021 Q4 2021 Q2
OPERATING ACTIVITIES
Net Income -$473.0M -$610.5M $12.70M
YoY Change -3824.41% 2012.46% -103.23%
Depreciation, Depletion And Amortization $213.3M $211.3M $241.2M
YoY Change -11.57% -16.52% 11.46%
Cash From Operating Activities $224.8M $298.4M $240.2M
YoY Change -6.41% 100.13% 0.63%
INVESTING ACTIVITIES
Capital Expenditures -$155.2M -$191.6M -$198.6M
YoY Change -21.85% 29.9% 62.52%
Acquisitions
YoY Change
Other Investing Activities $1.300M -$1.700M -$15.90M
YoY Change -108.18% -99.91% -356.45%
Cash From Investing Activities -$153.9M -$193.3M -$214.5M
YoY Change -28.25% -90.49% 84.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 109.3M -104.0M -29.60M
YoY Change -469.26% -46.34% -122.42%
NET CHANGE
Cash From Operating Activities 224.8M 298.4M 240.2M
Cash From Investing Activities -153.9M -193.3M -214.5M
Cash From Financing Activities 109.3M -104.0M -29.60M
Net Change In Cash 180.2M 1.100M -3.900M
YoY Change -4720.51% -100.05% -101.53%
FREE CASH FLOW
Cash From Operating Activities $224.8M $298.4M $240.2M
Capital Expenditures -$155.2M -$191.6M -$198.6M
Free Cash Flow $380.0M $490.0M $438.8M
YoY Change -13.4% 65.21% 21.58%

Facts In Submission

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CY2022Q2 us-gaap Share Based Compensation
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CY2021Q2 us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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CY2022Q2 us-gaap Restructuring Settlement And Impairment Provisions
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