2023 Q1 Form 10-K Financial Statement

#000076418023000020 Filed on February 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022 Q3
Revenue $5.719B $6.111B $6.550B
YoY Change -2.94% -2.3% -3.48%
Cost Of Revenue $1.434B $2.609B $1.715B
YoY Change -0.83% -11.26% -7.7%
Gross Profit $3.329B $3.502B $3.697B
YoY Change -1.3% 5.64% 0.65%
Gross Profit Margin 58.21% 57.31% 56.44%
Selling, General & Admin $577.0M $571.0M $541.0M
YoY Change 22.77% -11.34% -2.7%
% of Gross Profit 17.33% 16.3% 14.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $52.00M $63.00M $54.00M
YoY Change 0.0% 16.67% -12.9%
% of Gross Profit 1.56% 1.8% 1.46%
Operating Expenses $577.0M $571.0M $541.0M
YoY Change 22.77% -11.34% -2.7%
Operating Profit $2.757B $2.931B $3.112B
YoY Change -4.4% 9.73% 5.46%
Interest Expense -$309.0M -$161.0M -$2.649B
YoY Change 110.2% -66.46% -57.1%
% of Operating Profit -11.21% -5.49% -85.12%
Other Income/Expense, Net $31.00M $47.00M -$56.00M
YoY Change -157.41% -6.0% -188.89%
Pretax Income $2.479B $2.704B $407.0M
YoY Change -7.26% 18.6% -112.33%
Income Tax $692.0M $14.00M $183.0M
% Of Pretax Income 27.91% 0.52% 44.96%
Net Earnings $1.787B $2.686B $224.0M
YoY Change -8.78% 65.39% -108.23%
Net Earnings / Revenue 31.25% 43.95% 3.42%
Basic Earnings Per Share $1.00 $0.12
Diluted Earnings Per Share $1.00 $1.50 $0.12
COMMON SHARES
Basic Shares Outstanding 1.786B shares 1.792B shares 1.801B shares
Diluted Shares Outstanding 1.786B shares 1.799B shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.913B $4.030B $2.483B
YoY Change -26.9% -11.31% -16.03%
Cash & Equivalents $3.913B $4.030B $2.483B
Short-Term Investments
Other Short-Term Assets $183.0M $241.0M $379.0M
YoY Change 22.82% -19.13% -6.19%
Inventory $1.252B $1.180B $1.106B
Prepaid Expenses
Receivables $1.746B $1.721B $52.00M
Other Receivables $58.00M $48.00M $0.00
Total Short-Term Assets $7.152B $7.220B $4.020B
YoY Change 5.77% 18.69% -33.22%
LONG-TERM ASSETS
Property, Plant & Equipment $1.593B $1.608B $1.587B
YoY Change 2.97% 3.54% 4.55%
Goodwill $5.177B $5.177B $5.177B
YoY Change 0.0% 0.0% 0.0%
Intangibles $12.37B $12.38B $12.35B
YoY Change 0.63% 0.63% 0.22%
Long-Term Investments $9.559B $9.600B $9.814B
YoY Change -29.08% -28.79% -29.26%
Other Assets $979.0M $965.0M $1.002B
YoY Change -0.2% 4.55% 54.39%
Total Long-Term Assets $29.67B $29.73B $29.93B
YoY Change -11.35% -11.08% -10.76%
TOTAL ASSETS
Total Short-Term Assets $7.152B $7.220B $4.020B
Total Long-Term Assets $29.67B $29.73B $29.93B
Total Assets $36.83B $36.95B $33.95B
YoY Change -8.47% -6.5% -14.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $412.0M $552.0M $417.0M
YoY Change 8.71% 22.94% 56.77%
Accrued Expenses $5.442B $4.571B $4.234B
YoY Change -11.48% -10.21% -6.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.339B $1.556B $1.443B
YoY Change -46.8% 40.81% 30.59%
Total Short-Term Liabilities $9.146B $8.616B $8.097B
YoY Change -16.31% 0.43% -0.18%
LONG-TERM LIABILITIES
Long-Term Debt $24.05B $25.12B $24.85B
YoY Change -5.34% -6.74% -8.05%
Other Long-Term Liabilities $809.0M $324.0M $278.0M
YoY Change 212.36% 14.49% -9.45%
Total Long-Term Liabilities $24.86B $25.45B $25.13B
YoY Change -3.14% -6.52% -8.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.146B $8.616B $8.097B
Total Long-Term Liabilities $24.86B $25.45B $25.13B
Total Liabilities $40.65B $40.88B $38.19B
YoY Change -3.2% -0.61% -6.39%
SHAREHOLDERS EQUITY
Retained Earnings $29.90B $29.79B $28.79B
YoY Change -3.52% -2.84% -6.19%
Common Stock $6.801B $6.822B $6.808B
YoY Change 0.27% 0.44% 0.4%
Preferred Stock
YoY Change
Treasury Stock (at cost) $37.80B $37.82B $37.44B
YoY Change 3.36% 5.03% 6.06%
Treasury Stock Shares 1.020B shares
Shareholders Equity -$3.876B -$3.973B -$4.232B
YoY Change
Total Liabilities & Shareholders Equity $36.83B $36.95B $33.95B
YoY Change -8.47% -6.5% -14.18%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $1.787B $2.686B $224.0M
YoY Change -8.78% 65.39% -108.23%
Depreciation, Depletion And Amortization $52.00M $63.00M $54.00M
YoY Change 0.0% 16.67% -12.9%
Cash From Operating Activities $2.984B $2.619B $3.076B
YoY Change -2.96% -1.65% 0.42%
INVESTING ACTIVITIES
Capital Expenditures $55.00M $58.00M -$64.00M
YoY Change 22.22% -186.57% 30.61%
Acquisitions
YoY Change
Other Investing Activities $1.000M $1.055B -$1.000M
YoY Change -109.09% -20.14% -106.25%
Cash From Investing Activities -$56.00M $997.0M -$65.00M
YoY Change 64.71% -20.49% 96.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.348B $1.100B
YoY Change
Cash From Financing Activities -$3.045B -2.065B -3.103B
YoY Change 36.42% -12.54% 61.7%
NET CHANGE
Cash From Operating Activities $2.984B 2.619B 3.076B
Cash From Investing Activities -$56.00M 997.0M -65.00M
Cash From Financing Activities -$3.045B -2.065B -3.103B
Net Change In Cash -$117.0M 1.551B -92.00M
YoY Change -114.46% -0.32% -108.28%
FREE CASH FLOW
Cash From Operating Activities $2.984B $2.619B $3.076B
Capital Expenditures $55.00M $58.00M -$64.00M
Free Cash Flow $2.929B $2.561B $3.140B
YoY Change -3.33% -6.19% 0.9%

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6 shareholder
CY2022Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
19000000 usd
CY2022 dei Auditor Name
AuditorName
PricewaterhouseCoopers LLP
CY2022 dei Auditor Location
AuditorLocation
Richmond, Virginia
CY2022 dei Auditor Firm
AuditorFirmId
238

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