2023 Q1 Form 10-Q Financial Statement

#000035254123000059 Filed on May 05, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q1
Revenue $1.077B $1.068B
YoY Change 0.84% 18.53%
Cost Of Revenue $146.0M $168.0M
YoY Change -13.1% 25.37%
Gross Profit $931.0M $900.0M
YoY Change 3.44% 17.34%
Gross Profit Margin 86.44% 84.27%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $166.0M $166.0M
YoY Change 0.0% 1.22%
% of Gross Profit 17.83% 18.44%
Operating Expenses $674.0M $652.0M
YoY Change 3.37% 8.13%
Operating Profit $222.0M $248.0M
YoY Change -10.48% 25.25%
Interest Expense $94.00M -$48.00M
YoY Change -295.83% -169.57%
% of Operating Profit 42.34% -19.35%
Other Income/Expense, Net -$61.00M $0.00
YoY Change -100.0%
Pretax Income $161.0M $200.0M
YoY Change -19.5% 36.99%
Income Tax -$2.000M $8.000M
% Of Pretax Income -1.24% 4.0%
Net Earnings $163.0M $192.0M
YoY Change -15.1% 10.34%
Net Earnings / Revenue 15.13% 17.98%
Basic Earnings Per Share $0.65 $0.77
Diluted Earnings Per Share $0.65 $0.77
COMMON SHARES
Basic Shares Outstanding 251.1M shares 250.5M shares
Diluted Shares Outstanding 251.4M shares 250.9M shares

Balance Sheet

Concept 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $157.0M $67.00M
YoY Change 134.33% 378.57%
Cash & Equivalents $157.0M $67.00M
Short-Term Investments
Other Short-Term Assets $132.0M $359.0M
YoY Change -63.23% 206.84%
Inventory $282.0M $185.0M
Prepaid Expenses
Receivables $428.0M $481.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.192B $1.092B
YoY Change 9.16% 44.64%
LONG-TERM ASSETS
Property, Plant & Equipment $16.40B $15.19B
YoY Change 7.93% 5.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $569.0M $533.0M
YoY Change 6.75% 7.89%
Other Assets $2.083B $2.022B
YoY Change 3.02% 1.51%
Total Long-Term Assets $19.05B $17.75B
YoY Change 7.33% 5.39%
TOTAL ASSETS
Total Short-Term Assets $1.192B $1.092B
Total Long-Term Assets $19.05B $17.75B
Total Assets $20.24B $18.84B
YoY Change 7.44% 7.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $518.0M $383.0M
YoY Change 35.25% 24.76%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $60.00M $276.0M
YoY Change -78.26% -17.86%
Long-Term Debt Due $808.0M $333.0M
YoY Change 142.64% 8.12%
Total Short-Term Liabilities $1.908B $1.521B
YoY Change 25.44% 8.03%
LONG-TERM LIABILITIES
Long-Term Debt $8.132B $7.383B
YoY Change 10.14% 14.09%
Other Long-Term Liabilities $540.0M $1.900B
YoY Change -71.58% 421.98%
Total Long-Term Liabilities $8.672B $9.283B
YoY Change -6.58% 35.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.908B $1.521B
Total Long-Term Liabilities $8.672B $9.283B
Total Liabilities $10.58B $12.76B
YoY Change -17.1% 54.82%
SHAREHOLDERS EQUITY
Retained Earnings $3.559B
YoY Change
Common Stock $2.783B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.328B $6.077B
YoY Change
Total Liabilities & Shareholders Equity $20.24B $18.84B
YoY Change 7.44% 7.08%

Cashflow Statement

Concept 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $163.0M $192.0M
YoY Change -15.1% 10.34%
Depreciation, Depletion And Amortization $166.0M $166.0M
YoY Change 0.0% 1.22%
Cash From Operating Activities $188.0M $251.0M
YoY Change -25.1% 73.1%
INVESTING ACTIVITIES
Capital Expenditures $417.0M -$307.0M
YoY Change -235.83% -243.46%
Acquisitions
YoY Change
Other Investing Activities $10.00M $84.00M
YoY Change -88.1% 425.0%
Cash From Investing Activities -$263.0M -$223.0M
YoY Change 17.94% 486.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $300.0M
YoY Change -100.0%
Cash From Financing Activities $212.0M 3.000M
YoY Change 6966.67% -102.07%
NET CHANGE
Cash From Operating Activities $188.0M 251.0M
Cash From Investing Activities -$263.0M -223.0M
Cash From Financing Activities $212.0M 3.000M
Net Change In Cash $137.0M 31.00M
YoY Change 341.94% -181.58%
FREE CASH FLOW
Cash From Operating Activities $188.0M $251.0M
Capital Expenditures $417.0M -$307.0M
Free Cash Flow -$229.0M $558.0M
YoY Change -141.04% -908.7%

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CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2023Q1 us-gaap Repayments Of Long Term Debt
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CY2023Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q1 us-gaap Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset
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CY2022Q1 us-gaap Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset
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CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q1 us-gaap Use Of Estimates
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CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
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CY2023Q1 us-gaap Regulatory Assets
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CY2022Q4 us-gaap Regulatory Assets
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CY2023Q1 us-gaap Regulatory Liabilities
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CY2022Q4 us-gaap Regulatory Liabilities
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CY2023Q1 us-gaap Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
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CY2023Q1 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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CY2023Q1 us-gaap Dividends Common Stock
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Short Term Borrowings
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CY2022Q1 us-gaap Shortterm Debt Average Outstanding Amount
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CY2023Q1 us-gaap Short Term Debt Weighted Average Interest Rate Over Time
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CY2022Q1 us-gaap Short Term Debt Weighted Average Interest Rate Over Time
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CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q1 us-gaap Allocated Share Based Compensation Expense
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CY2022Q1 us-gaap Allocated Share Based Compensation Expense
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CY2023Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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CY2023Q1 us-gaap Money Market Funds At Carrying Value
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CY2022Q4 us-gaap Money Market Funds At Carrying Value
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CY2023Q1 lnt Fair Value Of Deferred Proceeds Of Receivables Sold
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CY2022Q4 lnt Fair Value Of Deferred Proceeds Of Receivables Sold
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CY2023Q1 us-gaap Long Term Debt Fair Value
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