2022 Q4 Form 10-Q Financial Statement

#000130051422000119 Filed on October 21, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $1.117B $1.005B
YoY Change 10.81% 17.27%
Cost Of Revenue $908.0M $823.0M
YoY Change 50.58% 40.92%
Gross Profit $209.0M $182.0M
YoY Change -48.4% -33.33%
Gross Profit Margin 18.71% 18.11%
Selling, General & Admin $70.00M $238.0M
YoY Change -65.69% 6.73%
% of Gross Profit 33.49% 130.77%
Research & Development $35.00M $26.00M
YoY Change -30.0% 100.0%
% of Gross Profit 16.75% 14.29%
Depreciation & Amortization $269.0M $274.0M
YoY Change -3.93% -0.72%
% of Gross Profit 128.71% 150.55%
Operating Expenses $374.0M $264.0M
YoY Change -29.96% 11.86%
Operating Profit -$165.0M -$177.0M
YoY Change 19.57% -43.99%
Interest Expense -$141.0M $183.0M
YoY Change -6.62% 16.56%
% of Operating Profit
Other Income/Expense, Net $20.00M $2.000M
YoY Change -266.67% -116.67%
Pretax Income -$287.0M -$320.0M
YoY Change -4.65% -48.47%
Income Tax -$18.00M $60.00M
% Of Pretax Income
Net Earnings -$169.0M -$239.0M
YoY Change 37.4% -35.05%
Net Earnings / Revenue -15.13% -23.78%
Basic Earnings Per Share -$0.22 -$0.31
Diluted Earnings Per Share -$221.2K -$0.31
COMMON SHARES
Basic Shares Outstanding 764.2M shares 764.2M shares
Diluted Shares Outstanding 764.0M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.311B $5.836B
YoY Change 240.4% 254.99%
Cash & Equivalents $6.310B $5.840B
Short-Term Investments
Other Short-Term Assets $138.0M $138.0M
YoY Change -95.98% -95.94%
Inventory $28.00M $23.00M
Prepaid Expenses
Receivables $267.0M $210.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.744B $6.207B
YoY Change 22.4% 18.73%
LONG-TERM ASSETS
Property, Plant & Equipment $11.45B $11.28B
YoY Change -3.37% -5.43%
Goodwill $10.00M
YoY Change
Intangibles $64.00M
YoY Change 236.84%
Long-Term Investments
YoY Change
Other Assets $231.0M $220.0M
YoY Change 6.45% -1.35%
Total Long-Term Assets $15.30B $15.26B
YoY Change 5.13% 4.08%
TOTAL ASSETS
Total Short-Term Assets $6.744B $6.207B
Total Long-Term Assets $15.30B $15.26B
Total Assets $22.04B $21.47B
YoY Change 9.87% 7.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $89.00M $91.00M
YoY Change 15.58% 22.97%
Accrued Expenses $1.458B $1.285B
YoY Change 9.3% 1.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.031B $1.514B
YoY Change 2644.59% 1973.97%
Total Short-Term Liabilities $3.902B $3.391B
YoY Change 52.12% 36.35%
LONG-TERM LIABILITIES
Long-Term Debt $13.95B $13.78B
YoY Change -5.26% -4.72%
Other Long-Term Liabilities $382.0M $368.0M
YoY Change 8.52% 7.92%
Total Long-Term Liabilities $382.0M $368.0M
YoY Change 8.52% 7.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.902B $3.391B
Total Long-Term Liabilities $382.0M $368.0M
Total Liabilities $18.38B $17.69B
YoY Change 3.21% 1.29%
SHAREHOLDERS EQUITY
Retained Earnings $1.684B $1.853B
YoY Change -1237.84% -7512.0%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.481B $4.481B
YoY Change 0.0% 0.0%
Treasury Stock Shares 69.00M shares 69.00M shares
Shareholders Equity $3.881B $3.900B
YoY Change
Total Liabilities & Shareholders Equity $22.04B $21.47B
YoY Change 9.87% 7.93%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$169.0M -$239.0M
YoY Change 37.4% -35.05%
Depreciation, Depletion And Amortization $269.0M $274.0M
YoY Change -3.93% -0.72%
Cash From Operating Activities -$104.0M -$150.0M
YoY Change -151.74% -5.66%
INVESTING ACTIVITIES
Capital Expenditures $172.0M -$170.0M
YoY Change -188.66% -13.71%
Acquisitions
YoY Change
Other Investing Activities $50.00M $3.000M
YoY Change -377.78% -118.75%
Cash From Investing Activities -$122.0M -$167.0M
YoY Change -42.45% -21.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 482.0M -15.00M
YoY Change 105.98% -51.61%
NET CHANGE
Cash From Operating Activities -104.0M -150.0M
Cash From Investing Activities -122.0M -167.0M
Cash From Financing Activities 482.0M -15.00M
Net Change In Cash 256.0M -332.0M
YoY Change 14.8% -17.62%
FREE CASH FLOW
Cash From Operating Activities -$104.0M -$150.0M
Capital Expenditures $172.0M -$170.0M
Free Cash Flow -$276.0M $20.00M
YoY Change -169.87% -47.37%

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