2024 Q3 Form 10-Q Financial Statement

#000110398224000092 Filed on July 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q4
Revenue $9.204B $8.343B $9.314B
YoY Change 1.94% -1.93% 7.12%
Cost Of Revenue $6.205B $5.546B $5.844B
YoY Change 12.1% 7.63% 3.99%
Gross Profit $2.999B $2.797B $3.470B
YoY Change -14.17% -16.61% 12.85%
Gross Profit Margin 32.58% 33.53% 37.26%
Selling, General & Admin $1.630B $1.891B $2.221B
YoY Change -19.27% 2.6% 4.81%
% of Gross Profit 54.35% 67.61% 64.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $335.0M $317.0M $313.0M
YoY Change 8.41% 9.31% 8.68%
% of Gross Profit 11.17% 11.33% 9.02%
Operating Expenses $1.630B $1.891B $2.258B
YoY Change -19.27% 0.59% 4.78%
Operating Profit $1.153B $854.0M $1.212B
YoY Change -16.39% -42.06% 31.74%
Interest Expense -$129.0M -$130.0M -$118.0M
YoY Change -4.44% -61.08% 37.21%
% of Operating Profit -11.19% -15.22% -9.74%
Other Income/Expense, Net -$46.00M -$32.00M $88.00M
YoY Change -30.3% -145.07% 266.67%
Pretax Income $1.132B $850.0M $1.163B
YoY Change -14.95% -26.79% 50.65%
Income Tax $326.0M $295.0M $257.0M
% Of Pretax Income 28.8% 34.71% 22.1%
Net Earnings $853.0M $601.0M $950.0M
YoY Change -13.31% -36.33% 62.95%
Net Earnings / Revenue 9.27% 7.2% 10.2%
Basic Earnings Per Share $0.64 $0.45
Diluted Earnings Per Share $0.63 $0.45 $0.70
COMMON SHARES
Basic Shares Outstanding 1.336B shares 1.341B shares 1.361B shares
Diluted Shares Outstanding 1.344B shares 1.348B shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.517B $1.471B $1.810B
YoY Change -5.78% -0.74% -5.88%
Cash & Equivalents $1.573B $1.471B $1.884B
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $2.723B $5.751B $1.766B
YoY Change 50.78% 127.31% 100.68%
Inventory $4.270B $4.009B $3.615B
Prepaid Expenses
Receivables $3.800B $3.165B $3.634B
Other Receivables $891.0M $846.0M $878.0M
Total Short-Term Assets $13.20B $15.17B $11.70B
YoY Change 14.64% 30.53% 15.97%
LONG-TERM ASSETS
Property, Plant & Equipment $10.47B $10.12B $10.38B
YoY Change 7.38% 1.72% 7.2%
Goodwill $23.77B $23.39B $23.90B
YoY Change 2.0% -1.2% 1.9%
Intangibles $19.46B $19.40B $19.84B
YoY Change -0.08% -2.23% 0.64%
Long-Term Investments $2.600B $2.500B $3.242B
YoY Change -16.13% -22.96% -33.55%
Other Assets $1.194B $1.238B $886.0M
YoY Change -45.05% -66.59% -52.42%
Total Long-Term Assets $58.99B $57.93B $59.69B
YoY Change -0.6% -4.1% -2.26%
TOTAL ASSETS
Total Short-Term Assets $13.20B $15.17B $11.70B
Total Long-Term Assets $58.99B $57.93B $59.69B
Total Assets $72.19B $73.10B $71.39B
YoY Change 1.88% 1.49% 0.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.110B $8.370B $8.321B
YoY Change 18.96% 8.14% 10.04%
Accrued Expenses $3.626B $3.301B $3.841B
YoY Change -3.23% -1.08% 15.73%
Deferred Revenue
YoY Change
Short-Term Debt $1.484B $838.0M $420.0M
YoY Change 21.54% -61.52% -81.73%
Long-Term Debt Due $1.821B $2.774B $2.101B
YoY Change -22.64% 207.88% 448.56%
Total Short-Term Liabilities $21.07B $22.43B $19.01B
YoY Change 11.29% 24.6% 13.64%
LONG-TERM LIABILITIES
Long-Term Debt $16.50B $16.14B $16.89B
YoY Change 0.54% -11.05% -16.61%
Other Long-Term Liabilities $2.191B $2.471B $2.735B
YoY Change -11.62% -32.71% 1.75%
Total Long-Term Liabilities $2.191B $2.471B $2.735B
YoY Change -11.62% -88.68% 1.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.07B $22.43B $19.01B
Total Long-Term Liabilities $2.191B $2.471B $2.735B
Total Liabilities $44.30B $45.38B $43.03B
YoY Change 4.73% 4.61% -2.75%
SHAREHOLDERS EQUITY
Retained Earnings $35.33B $35.11B $34.24B
YoY Change 4.33% 4.93% 8.75%
Common Stock $32.24B $32.20B $32.22B
YoY Change 0.2% 0.16% 0.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $27.85B $27.69B $28.33B
YoY Change
Total Liabilities & Shareholders Equity $72.19B $73.10B $71.39B
YoY Change 1.88% 1.49% 0.32%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q4
OPERATING ACTIVITIES
Net Income $853.0M $601.0M $950.0M
YoY Change -13.31% -36.33% 62.95%
Depreciation, Depletion And Amortization $335.0M $317.0M $313.0M
YoY Change 8.41% 9.31% 8.68%
Cash From Operating Activities $1.305B $822.0M $1.564B
YoY Change 10.88% -3.29% 12.36%
INVESTING ACTIVITIES
Capital Expenditures $316.0M $367.0M $332.0M
YoY Change 10.88% 34.93% -216.49%
Acquisitions
YoY Change
Other Investing Activities -$7.000M -$34.00M $1.358B
YoY Change -100.85% -103.84% -213.83%
Cash From Investing Activities -$323.0M -$401.0M $1.026B
YoY Change -160.26% -165.31% -169.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -954.0M -381.0M -2.484B
YoY Change -37.85% -78.62% 1462.26%
NET CHANGE
Cash From Operating Activities 1.305B 822.0M 1.564B
Cash From Investing Activities -323.0M -401.0M 1.026B
Cash From Financing Activities -954.0M -381.0M -2.484B
Net Change In Cash 28.00M 40.00M 106.0M
YoY Change -84.27% -112.58% -143.27%
FREE CASH FLOW
Cash From Operating Activities $1.305B $822.0M $1.564B
Capital Expenditures $316.0M $367.0M $332.0M
Free Cash Flow $989.0M $455.0M $1.232B
YoY Change 10.87% -21.28% -26.54%

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