2024 Q1 Form 10-K Financial Statement

#000130051424000048 Filed on February 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $2.959B $2.915B $10.37B
YoY Change 39.58% 160.97% 152.36%
Cost Of Revenue $1.461B $1.721B $6.316B
YoY Change 9.11% 89.54% 85.17%
Gross Profit $1.498B $1.194B $4.056B
YoY Change 91.81% 471.29% 480.26%
Gross Profit Margin 50.63% 40.96% 39.11%
Selling, General & Admin $286.0M $66.00M $1.107B
YoY Change 13.94% -5.71% 346.37%
% of Gross Profit 19.09% 5.53% 27.29%
Research & Development $53.00M $65.00M $205.0M
YoY Change 26.19% 85.71% 43.36%
% of Gross Profit 3.54% 5.44% 5.05%
Depreciation & Amortization $336.0M $348.0M $1.266B
YoY Change 16.67% 29.37% 16.04%
% of Gross Profit 22.43% 29.15% 31.21%
Operating Expenses $339.0M $479.0M $1.312B
YoY Change 15.7% 28.07% -11.47%
Operating Profit $717.0M $710.0M $2.313B
YoY Change 89.68% -530.3% -395.4%
Interest Expense $182.0M -$127.0M $818.0M
YoY Change -16.51% -9.93% -239.59%
% of Operating Profit 25.38% -17.89% 35.37%
Other Income/Expense, Net -$6.000M $9.000M -$8.000M
YoY Change -82.86% -55.0% -11.11%
Pretax Income $600.0M $592.0M $1.775B
YoY Change 207.69% -306.27% -227.97%
Income Tax $17.00M $123.0M $344.0M
% Of Pretax Income 2.83% 20.78% 19.38%
Net Earnings $494.0M $382.0M $1.221B
YoY Change 236.05% -326.04% -33.35%
Net Earnings / Revenue 16.69% 13.1% 11.77%
Basic Earnings Per Share $0.66 $1.60
Diluted Earnings Per Share $0.66 $0.50 $1.60
COMMON SHARES
Basic Shares Outstanding 753.6M shares 764.5M shares 763.0M shares
Diluted Shares Outstanding 752.0M shares 765.0M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.956B $5.105B $5.105B
YoY Change -24.13% -19.11% -19.11%
Cash & Equivalents $4.956B $5.105B $5.105B
Short-Term Investments
Other Short-Term Assets $141.0M $150.0M $150.0M
YoY Change 11.02% 8.7% 8.7%
Inventory $39.00M $38.00M $38.00M
Prepaid Expenses
Receivables $420.0M $484.0M $484.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.556B $5.777B $5.777B
YoY Change -20.8% -14.34% -14.34%
LONG-TERM ASSETS
Property, Plant & Equipment $11.27B $11.44B $13.74B
YoY Change -0.58% -0.1% 1.02%
Goodwill $103.0M
YoY Change 930.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $263.0M $276.0M $468.0M
YoY Change 1.15% 19.48% 0.86%
Total Long-Term Assets $15.69B $16.00B $16.00B
YoY Change -0.07% 4.62% 4.62%
TOTAL ASSETS
Total Short-Term Assets $5.556B $5.777B $5.777B
Total Long-Term Assets $15.69B $16.00B $16.00B
Total Assets $21.25B $21.78B $21.78B
YoY Change -6.47% -1.18% -1.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $156.0M $167.0M $167.0M
YoY Change 44.44% 87.64% 87.64%
Accrued Expenses $1.661B $1.948B $1.016B
YoY Change 15.35% 33.61% 18.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.043B $1.900B $1.900B
YoY Change 1.24% -6.45% -6.45%
Total Short-Term Liabilities $4.267B $4.422B $4.422B
YoY Change 8.88% 13.33% 13.33%
LONG-TERM LIABILITIES
Long-Term Debt $11.91B $12.13B $12.13B
YoY Change -14.72% -13.04% -13.04%
Other Long-Term Liabilities $864.0M $936.0M $936.0M
YoY Change 1.65% 145.03% 145.03%
Total Long-Term Liabilities $864.0M $936.0M $13.07B
YoY Change 1.65% 145.03% -8.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.267B $4.422B $4.422B
Total Long-Term Liabilities $864.0M $936.0M $13.07B
Total Liabilities $17.22B $17.67B $17.66B
YoY Change -8.82% -3.86% -2.74%
SHAREHOLDERS EQUITY
Retained Earnings $2.943B $2.600B
YoY Change 60.73% 54.39%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.446B $4.991B
YoY Change 21.54% 11.38%
Treasury Stock Shares
Shareholders Equity $3.953B $4.118B $4.118B
YoY Change
Total Liabilities & Shareholders Equity $21.25B $21.78B $21.78B
YoY Change -6.47% -1.18% -1.18%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $494.0M $382.0M $1.221B
YoY Change 236.05% -326.04% -33.35%
Depreciation, Depletion And Amortization $336.0M $348.0M $1.266B
YoY Change 16.67% 29.37% 16.04%
Cash From Operating Activities $714.0M $1.006B $3.227B
YoY Change 61.9% -1067.31% -505.91%
INVESTING ACTIVITIES
Capital Expenditures $196.0M $329.0M $1.017B
YoY Change 18.07% 91.28% 56.22%
Acquisitions
YoY Change
Other Investing Activities $0.00 $3.000M
YoY Change -100.0% -99.94%
Cash From Investing Activities -$200.0M -$329.0M -$1.254B
YoY Change 9.89% 169.67% -130.13%
FINANCING ACTIVITIES
Cash Dividend Paid $305.0M
YoY Change
Common Stock Issuance & Retirement, Net $505.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$639.0M -1.178B -3.188B
YoY Change 1675.0% -344.4% -384.14%
NET CHANGE
Cash From Operating Activities $714.0M 1.006B 3.227B
Cash From Investing Activities -$200.0M -329.0M -1.254B
Cash From Financing Activities -$639.0M -1.178B -3.188B
Net Change In Cash -$149.0M -501.0M -$1.207B
YoY Change -167.73% -295.7% -126.76%
FREE CASH FLOW
Cash From Operating Activities $714.0M $1.006B $3.227B
Capital Expenditures $196.0M $329.0M $1.017B
Free Cash Flow $518.0M $677.0M $2.210B
YoY Change 88.36% -345.29% -252.84%

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1117000000 usd
CY2022 us-gaap Revenues
Revenues
4110000000 usd
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-302000000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-147000000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-177000000 usd
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-166000000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-792000000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-478000000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-414000000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-380000000 usd
CY2022Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-269000000 usd
CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-1541000000 usd
CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2907000000 usd
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-3000000 usd
CY2022Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2022Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2022Q1 us-gaap Profit Loss
ProfitLoss
2429000000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-417000000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-381000000 usd
CY2022Q4 us-gaap Profit Loss
ProfitLoss
-274000000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
1357000000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
2530000000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-290000000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-239000000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-169000000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
1832000000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.49
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.49
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.38
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.38
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.31
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.31
CY2022Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.21
CY2022Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.21
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.40
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.40
CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
3.80
CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
3.80
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2022Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2022Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2022Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2022Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
3.80
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
3.80
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.31
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.31
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.38
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.38
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.31
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.31
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.40
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.40

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