2022 Q3 Form 10-Q Financial Statement

#000130051422000094 Filed on July 22, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $1.005B $1.045B $1.008B
YoY Change 17.27% -10.91% -0.69%
Cost Of Revenue $823.0M $602.0M $603.0M
YoY Change 40.92% -15.33% -16.48%
Gross Profit $182.0M $443.0M $405.0M
YoY Change -33.33% -4.11% -4.48%
Gross Profit Margin 18.11% 42.39% 40.18%
Selling, General & Admin $238.0M $238.0M $204.0M
YoY Change 6.73% 8.68% -35.44%
% of Gross Profit 130.77% 53.72% 50.37%
Research & Development $26.00M $22.00M $50.00M
YoY Change 100.0% -40.54%
% of Gross Profit 14.29% 4.97% 12.35%
Depreciation & Amortization $274.0M $270.0M $280.0M
YoY Change -0.72% -0.74% -8.79%
% of Gross Profit 150.55% 60.95% 69.14%
Operating Expenses $264.0M $260.0M $534.0M
YoY Change 11.86% 1.56% -14.29%
Operating Profit -$177.0M -$147.0M -$138.0M
YoY Change -43.99% 5.76% 15.97%
Interest Expense $183.0M $162.0M -$151.0M
YoY Change 16.56% 2.53% 1.34%
% of Operating Profit
Other Income/Expense, Net $2.000M -$9.000M -$12.00M
YoY Change -116.67% -190.0% 50.0%
Pretax Income -$320.0M -$304.0M -$301.0M
YoY Change -48.47% 6.29% -18.21%
Income Tax $60.00M $110.0M $14.00M
% Of Pretax Income
Net Earnings -$239.0M -$290.0M -$123.0M
YoY Change -35.05% 51.04% -58.86%
Net Earnings / Revenue -23.78% -27.75% -12.2%
Basic Earnings Per Share -$0.31 -$0.38 -$0.17
Diluted Earnings Per Share -$0.31 -$0.38 -$0.17
COMMON SHARES
Basic Shares Outstanding 764.2M shares 764.0M shares 764.0M shares
Diluted Shares Outstanding 764.0M shares 764.0M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.836B $6.452B $1.854B
YoY Change 254.99% 213.66% -10.95%
Cash & Equivalents $5.840B $6.450B $1.854B
Short-Term Investments
Other Short-Term Assets $138.0M $136.0M $3.432B
YoY Change -95.94% -95.93% 2.42%
Inventory $23.00M $24.00M $22.00M
Prepaid Expenses
Receivables $210.0M $158.0M $202.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.207B $6.770B $5.510B
YoY Change 18.73% 21.39% -3.45%
LONG-TERM ASSETS
Property, Plant & Equipment $11.28B $11.50B $11.85B
YoY Change -5.43% -4.41% -3.5%
Goodwill
YoY Change
Intangibles $19.00M
YoY Change -24.0%
Long-Term Investments
YoY Change
Other Assets $220.0M $245.0M $217.0M
YoY Change -1.35% 12.39% -1.81%
Total Long-Term Assets $15.26B $15.29B $14.55B
YoY Change 4.08% 3.3% -3.65%
TOTAL ASSETS
Total Short-Term Assets $6.207B $6.770B $5.510B
Total Long-Term Assets $15.26B $15.29B $14.55B
Total Assets $21.47B $22.06B $20.06B
YoY Change 7.93% 8.25% -3.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $91.00M $76.00M $77.00M
YoY Change 22.97% 10.14% -13.48%
Accrued Expenses $1.285B $1.234B $1.334B
YoY Change 1.58% -8.25% -9.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.514B $73.00M $74.00M
YoY Change 1973.97% -2.67% -1.33%
Total Short-Term Liabilities $3.391B $2.023B $2.565B
YoY Change 36.35% -20.42% -8.91%
LONG-TERM LIABILITIES
Long-Term Debt $13.78B $15.31B $14.72B
YoY Change -4.72% 6.48% 5.69%
Other Long-Term Liabilities $368.0M $358.0M $352.0M
YoY Change 7.92% 6.55% 4.76%
Total Long-Term Liabilities $368.0M $358.0M $352.0M
YoY Change 7.92% 6.55% 4.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.391B $2.023B $2.565B
Total Long-Term Liabilities $368.0M $358.0M $352.0M
Total Liabilities $17.69B $17.84B $17.81B
YoY Change 1.29% 2.36% 3.14%
SHAREHOLDERS EQUITY
Retained Earnings $1.853B $2.092B -$148.0M
YoY Change -7512.0% 509.91% -118.2%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.481B $4.481B $4.481B
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 69.00M shares 69.00M shares 69.00M shares
Shareholders Equity $3.900B $4.191B $1.996B
YoY Change
Total Liabilities & Shareholders Equity $21.47B $22.06B $20.06B
YoY Change 7.93% 8.25% -3.59%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$239.0M -$290.0M -$123.0M
YoY Change -35.05% 51.04% -58.86%
Depreciation, Depletion And Amortization $274.0M $270.0M $280.0M
YoY Change -0.72% -0.74% -8.79%
Cash From Operating Activities -$150.0M -$181.0M $201.0M
YoY Change -5.66% -209.04% 4925.0%
INVESTING ACTIVITIES
Capital Expenditures -$170.0M -$289.0M -$194.0M
YoY Change -13.71% 84.08% -23.02%
Acquisitions
YoY Change
Other Investing Activities $3.000M $28.00M -$18.00M
YoY Change -118.75% -212.0%
Cash From Investing Activities -$167.0M -$261.0M -$212.0M
YoY Change -21.6% 43.41% -15.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.00M 480.0M 234.0M
YoY Change -51.61% -2923.53% -1660.0%
NET CHANGE
Cash From Operating Activities -150.0M -181.0M 201.0M
Cash From Investing Activities -167.0M -261.0M -212.0M
Cash From Financing Activities -15.00M 480.0M 234.0M
Net Change In Cash -332.0M 38.00M 223.0M
YoY Change -17.62% -215.15% -184.79%
FREE CASH FLOW
Cash From Operating Activities -$150.0M -$181.0M $201.0M
Capital Expenditures -$170.0M -$289.0M -$194.0M
Free Cash Flow $20.00M $108.0M $395.0M
YoY Change -47.37% -66.56% 54.3%

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CY2022Q2 us-gaap Depreciation And Amortization
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CY2021Q2 us-gaap Depreciation And Amortization
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CY2022Q2 lvs Amortization Of Leasehold Interests In Land
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CY2022Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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CY2022Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Allocated Share Based Compensation Expense
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