2023 Q1 Form 10-K Financial Statement

#000035254123000017 Filed on February 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.077B $1.058B $4.205B
YoY Change 0.84% 14.13% 14.61%
Cost Of Revenue $146.0M $147.0M $573.0M
YoY Change -13.1% 34.86% 6.7%
Gross Profit $931.0M $911.0M $3.632B
YoY Change 3.44% 11.37% 15.96%
Gross Profit Margin 86.44% 86.11% 86.37%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $166.0M $170.0M $671.0M
YoY Change 0.0% 4.29% 2.13%
% of Gross Profit 17.83% 18.66% 18.47%
Operating Expenses $674.0M $752.0M $2.888B
YoY Change 3.37% 9.62% 10.4%
Operating Profit $222.0M $159.0M $928.0M
YoY Change -10.48% 20.45% 16.73%
Interest Expense $94.00M -$50.00M $325.0M
YoY Change -295.83% 6.38% 17.33%
% of Operating Profit 42.34% -31.45% 35.02%
Other Income/Expense, Net -$61.00M -$6.000M -$220.0M
YoY Change -400.0% 12.82%
Pretax Income $161.0M $103.0M $708.0M
YoY Change -19.5% 18.39% 18.0%
Income Tax -$2.000M -$4.000M $22.00M
% Of Pretax Income -1.24% -3.88% 3.11%
Net Earnings $163.0M $107.0M $686.0M
YoY Change -15.1% 12.63% 1.78%
Net Earnings / Revenue 15.13% 10.11% 16.31%
Basic Earnings Per Share $0.65 $2.73
Diluted Earnings Per Share $0.65 $0.43 $2.73
COMMON SHARES
Basic Shares Outstanding 251.1M shares 250.9M shares
Diluted Shares Outstanding 251.4M shares 251.2M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $157.0M $20.00M $20.00M
YoY Change 134.33% -48.72% -48.72%
Cash & Equivalents $157.0M $20.00M $20.00M
Short-Term Investments
Other Short-Term Assets $132.0M $223.0M $504.0M
YoY Change -63.23% -7.08% 15.86%
Inventory $282.0M $325.0M $325.0M
Prepaid Expenses
Receivables $428.0M $516.0M $107.0M
Other Receivables $0.00 $0.00 $294.0M
Total Short-Term Assets $1.192B $1.250B $1.250B
YoY Change 9.16% 16.93% 16.93%
LONG-TERM ASSETS
Property, Plant & Equipment $16.40B $16.25B $16.25B
YoY Change 7.93% 8.41% 8.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $569.0M $542.0M $559.0M
YoY Change 6.75% 6.69% 8.12%
Other Assets $2.083B $2.107B $2.107B
YoY Change 3.02% 6.41% 6.41%
Total Long-Term Assets $19.05B $18.91B $18.91B
YoY Change 7.33% 8.17% 8.17%
TOTAL ASSETS
Total Short-Term Assets $1.192B $1.250B $1.250B
Total Long-Term Assets $19.05B $18.91B $18.91B
Total Assets $20.24B $20.16B $20.16B
YoY Change 7.44% 8.68% 8.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $518.0M $756.0M $756.0M
YoY Change 35.25% 73.39% 73.39%
Accrued Expenses $3.000M
YoY Change 50.0%
Deferred Revenue
YoY Change
Short-Term Debt $60.00M $642.0M $642.0M
YoY Change -78.26% 24.66% 24.66%
Long-Term Debt Due $808.0M $408.0M $413.0M
YoY Change 142.64% -35.55% -34.86%
Total Short-Term Liabilities $1.908B $2.363B $2.363B
YoY Change 25.44% 15.04% 15.04%
LONG-TERM LIABILITIES
Long-Term Debt $8.132B $7.668B $7.799B
YoY Change 10.14% 13.85% 15.61%
Other Long-Term Liabilities $540.0M $518.0M $1.782B
YoY Change -71.58% 33.51% -2.94%
Total Long-Term Liabilities $8.672B $8.186B $9.581B
YoY Change -6.58% 14.92% 11.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.908B $2.363B $2.363B
Total Long-Term Liabilities $8.672B $8.186B $9.581B
Total Liabilities $10.58B $10.55B $13.89B
YoY Change -17.1% 14.95% 10.54%
SHAREHOLDERS EQUITY
Retained Earnings $3.559B $3.509B
YoY Change 7.97%
Common Stock $2.783B $2.780B
YoY Change 1.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.328B $6.276B $6.276B
YoY Change
Total Liabilities & Shareholders Equity $20.24B $20.16B $20.16B
YoY Change 7.44% 8.68% 8.68%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $163.0M $107.0M $686.0M
YoY Change -15.1% 12.63% 1.78%
Depreciation, Depletion And Amortization $166.0M $170.0M $671.0M
YoY Change 0.0% 4.29% 2.13%
Cash From Operating Activities $188.0M $1.000M $486.0M
YoY Change -25.1% -99.05% -16.49%
INVESTING ACTIVITIES
Capital Expenditures $417.0M $519.0M $1.484B
YoY Change -235.83% -274.16% 26.95%
Acquisitions
YoY Change
Other Investing Activities $10.00M $185.0M $47.00M
YoY Change -88.1% 740.91% -22.95%
Cash From Investing Activities -$263.0M -$334.0M -$933.0M
YoY Change 17.94% 21.01% 28.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $25.00M
YoY Change -10.71%
Debt Paid & Issued, Net $0.00 $633.0M
YoY Change -100.0% 7812.5%
Cash From Financing Activities $212.0M 10.00M $431.0M
YoY Change 6966.67% -94.65% 231.54%
NET CHANGE
Cash From Operating Activities $188.0M 1.000M $486.0M
Cash From Investing Activities -$263.0M -334.0M -$933.0M
Cash From Financing Activities $212.0M 10.00M $431.0M
Net Change In Cash $137.0M -323.0M -$16.00M
YoY Change 341.94% -2118.75% 0.0%
FREE CASH FLOW
Cash From Operating Activities $188.0M $1.000M $486.0M
Capital Expenditures $417.0M $519.0M $1.484B
Free Cash Flow -$229.0M -$518.0M -$998.0M
YoY Change -141.04% -228.54% 70.02%

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CY2022 dei Auditor Firm
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