2021 Q4 Form 10-Q Financial Statement

#000001892621000049 Filed on November 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $4.847B $4.887B $5.167B
YoY Change -5.42% -5.42% -3.42%
Cost Of Revenue $2.086B $2.151B $2.236B
YoY Change -6.5% -3.8% -4.2%
Gross Profit $2.761B $2.736B $2.931B
YoY Change -4.6% -6.65% -2.82%
Gross Profit Margin 56.96% 55.99% 56.73%
Selling, General & Admin $723.0M $654.0M $850.0M
YoY Change -16.51% -23.06% 2.29%
% of Gross Profit 26.19% 23.9% 29.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $877.0M $645.0M $750.0M
YoY Change -26.61% -14.0% -39.27%
% of Gross Profit 31.76% 23.57% 25.59%
Operating Expenses $1.600B $654.0M $850.0M
YoY Change -22.37% -23.06% -81.74%
Operating Profit $1.161B $1.131B $888.0M
YoY Change 39.38% 27.36% -6.53%
Interest Expense -$238.0M $377.0M $409.0M
YoY Change -39.9% -7.82% -17.54%
% of Operating Profit -20.5% 33.33% 46.06%
Other Income/Expense, Net -$244.0M -$415.0M -$408.0M
YoY Change -1320.0% 1.72% -24.44%
Pretax Income $679.0M $716.0M $480.0M
YoY Change -130.75% 49.17% 17.07%
Income Tax $171.0M $172.0M $114.0M
% Of Pretax Income 25.18% 24.02% 23.75%
Net Earnings $508.0M $544.0M $366.0M
YoY Change -122.19% 48.63% 21.19%
Net Earnings / Revenue 10.48% 11.13% 7.08%
Basic Earnings Per Share $0.51 $0.34
Diluted Earnings Per Share $500.3K $0.51 $0.34
COMMON SHARES
Basic Shares Outstanding 1.024B shares 1.062B shares 1.081B shares
Diluted Shares Outstanding 1.069B shares 1.086B shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $354.0M $635.0M $526.0M
YoY Change -12.81% 20.72% -62.54%
Cash & Equivalents $354.0M $635.0M $526.0M
Short-Term Investments
Other Short-Term Assets $829.0M $843.0M $835.0M
YoY Change 2.6% 0.96% -5.54%
Inventory $96.00M $103.0M $112.0M
Prepaid Expenses $295.0M $294.0M $312.0M
Receivables $1.544B $1.541B $2.143B
Other Receivables $511.0M $15.00M $6.000M
Total Short-Term Assets $11.54B $11.70B $3.504B
YoY Change 263.22% 233.93% -23.64%
LONG-TERM ASSETS
Property, Plant & Equipment $20.90B $20.93B $26.29B
YoY Change -20.67% -20.4% 1.61%
Goodwill $15.99B $15.99B $21.48B
YoY Change -15.28% -25.56% -0.14%
Intangibles $6.970B $7.160B
YoY Change -15.2%
Long-Term Investments
YoY Change
Other Assets $2.606B $2.534B $2.766B
YoY Change -6.63% -8.39% 143.92%
Total Long-Term Assets $46.46B $46.61B $59.10B
YoY Change -17.36% -21.13% -1.74%
TOTAL ASSETS
Total Short-Term Assets $11.54B $11.70B $3.504B
Total Long-Term Assets $46.46B $46.61B $59.10B
Total Assets $57.99B $58.31B $62.60B
YoY Change -2.36% -6.85% -3.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $758.0M $829.0M $1.364B
YoY Change -33.16% -39.22% -20.33%
Accrued Expenses $1.523B $1.491B $1.577B
YoY Change -9.24% -5.45% -3.19%
Deferred Revenue $617.0M $624.0M $738.0M
YoY Change -18.06% -15.45% -7.52%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.554B $2.501B $1.487B
YoY Change -35.97% 68.19% -14.74%
Total Short-Term Liabilities $7.169B $8.300B $5.879B
YoY Change 8.06% 41.18% -10.78%
LONG-TERM LIABILITIES
Long-Term Debt $27.43B $27.26B $31.11B
YoY Change -6.74% -12.36% -6.82%
Other Long-Term Liabilities $3.797B $3.853B $4.349B
YoY Change -11.49% -11.4% 62.09%
Total Long-Term Liabilities $3.797B $3.853B $4.349B
YoY Change -11.49% -11.4% 62.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.169B $8.300B $5.879B
Total Long-Term Liabilities $3.797B $3.853B $4.349B
Total Liabilities $10.97B $12.15B $10.23B
YoY Change 0.38% 18.82% 10.31%
SHAREHOLDERS EQUITY
Retained Earnings -$5.998B -$6.506B -$5.743B
YoY Change -25.31% 13.29% -18.17%
Common Stock $1.024B $1.031B $1.097B
YoY Change -6.65% -6.02% 0.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.84B $11.18B $13.69B
YoY Change
Total Liabilities & Shareholders Equity $57.99B $58.31B $62.60B
YoY Change -2.36% -6.85% -3.29%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $508.0M $544.0M $366.0M
YoY Change -122.19% 48.63% 21.19%
Depreciation, Depletion And Amortization $877.0M $645.0M $750.0M
YoY Change -26.61% -14.0% -39.27%
Cash From Operating Activities $1.607B $1.730B $1.794B
YoY Change -4.46% -3.57% -4.98%
INVESTING ACTIVITIES
Capital Expenditures -$848.0M -$690.0M -$988.0M
YoY Change 11.87% -30.16% 3.24%
Acquisitions
YoY Change
Other Investing Activities $85.00M $36.00M $46.00M
YoY Change 150.0% -21.74% 1433.33%
Cash From Investing Activities -$763.0M -$654.0M -$942.0M
YoY Change 5.39% -30.57% -1.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.139B -1.318B -2.089B
YoY Change 5.66% -36.91% -3764.91%
NET CHANGE
Cash From Operating Activities 1.607B 1.730B 1.794B
Cash From Investing Activities -763.0M -654.0M -942.0M
Cash From Financing Activities -1.139B -1.318B -2.089B
Net Change In Cash -295.0M -242.0M -1.237B
YoY Change 145.83% -80.44% -224.82%
FREE CASH FLOW
Cash From Operating Activities $1.607B $1.730B $1.794B
Capital Expenditures -$848.0M -$690.0M -$988.0M
Free Cash Flow $2.455B $2.420B $2.782B
YoY Change 0.61% -13.01% -2.21%

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