2023 Q3 Form 10-Q Financial Statement

#000151029523000069 Filed on August 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $40.92B $36.34B
YoY Change -10.64% -32.44%
Cost Of Revenue $34.93B $31.76B
YoY Change -10.03% -28.15%
Gross Profit $5.989B $4.581B
YoY Change -14.03% -52.22%
Gross Profit Margin 14.64% 12.6%
Selling, General & Admin $824.0M $704.0M
YoY Change 15.73% 1.44%
% of Gross Profit 13.76% 15.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $845.0M $834.0M
YoY Change 6.42% 1.83%
% of Gross Profit 14.11% 18.21%
Operating Expenses $824.0M $704.0M
YoY Change 15.73% 1.44%
Operating Profit $4.753B $3.305B
YoY Change -28.91% -60.31%
Interest Expense -$138.0M -$166.0M
YoY Change -42.5% -40.93%
% of Operating Profit -2.9% -5.02%
Other Income/Expense, Net $20.00M $24.00M
YoY Change 400.0% -177.42%
Pretax Income $4.635B $3.163B
YoY Change -28.09% -60.54%
Income Tax $1.000B $583.0M
% Of Pretax Income 21.57% 18.43%
Net Earnings $3.280B $2.226B
YoY Change -26.74% -62.1%
Net Earnings / Revenue 8.02% 6.12%
Basic Earnings Per Share $8.31 $5.34
Diluted Earnings Per Share $8.28 $5.32
COMMON SHARES
Basic Shares Outstanding 399.8M shares 424.3M shares
Diluted Shares Outstanding 396.0M shares 419.0M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.06B $11.45B
YoY Change 17.25% -14.0%
Cash & Equivalents $8.452B $7.345B
Short-Term Investments $4.604B $4.109B
Other Short-Term Assets $607.0M $949.0M
YoY Change -29.25% 28.07%
Inventory $10.14B $9.536B
Prepaid Expenses
Receivables $12.47B $10.27B
Other Receivables $0.00 $0.00
Total Short-Term Assets $36.28B $32.21B
YoY Change 2.81% -24.05%
LONG-TERM ASSETS
Property, Plant & Equipment $36.00B $36.35B
YoY Change -1.6% -5.19%
Goodwill $8.244B $8.244B
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $6.521B $6.665B
YoY Change 0.43% 21.01%
Other Assets $2.929B $2.973B
YoY Change -5.15% 33.08%
Total Long-Term Assets $53.69B $54.23B
YoY Change -1.31% -0.17%
TOTAL ASSETS
Total Short-Term Assets $36.28B $32.21B
Total Long-Term Assets $53.69B $54.23B
Total Assets $89.97B $86.44B
YoY Change 0.31% -10.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.84B $13.05B
YoY Change -5.05% -42.0%
Accrued Expenses $1.694B $1.135B
YoY Change 50.18% 12.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $819.0M $72.00M
YoY Change -23.03% -93.38%
Total Short-Term Liabilities $21.74B $17.47B
YoY Change 1.98% -38.58%
LONG-TERM LIABILITIES
Long-Term Debt $26.46B $27.21B
YoY Change 3.22% 5.93%
Other Long-Term Liabilities $3.160B $3.284B
YoY Change -5.87% -3.47%
Total Long-Term Liabilities $29.62B $30.50B
YoY Change 2.17% 4.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.74B $17.47B
Total Long-Term Liabilities $29.62B $30.50B
Total Liabilities $57.17B $53.87B
YoY Change 2.24% -14.58%
SHAREHOLDERS EQUITY
Retained Earnings $33.42B $30.44B
YoY Change 44.22% 60.36%
Common Stock $33.44B $33.42B
YoY Change 0.19% 0.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $40.95B $38.12B
YoY Change 36.2% 46.61%
Treasury Stock Shares
Shareholders Equity $25.86B $25.71B
YoY Change
Total Liabilities & Shareholders Equity $89.97B $86.44B
YoY Change 0.31% -10.64%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $3.280B $2.226B
YoY Change -26.74% -62.1%
Depreciation, Depletion And Amortization $845.0M $834.0M
YoY Change 6.42% 1.83%
Cash From Operating Activities $4.953B $3.984B
YoY Change 97.02% -42.69%
INVESTING ACTIVITIES
Capital Expenditures $420.0M $481.0M
YoY Change -159.91% -196.59%
Acquisitions
YoY Change
Other Investing Activities -$15.00M -$399.0M
YoY Change -101.25% -32.37%
Cash From Investing Activities -$435.0M -$880.0M
YoY Change -186.83% -19.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.411B -3.720B
YoY Change -27.66% -5.39%
NET CHANGE
Cash From Operating Activities 4.953B 3.984B
Cash From Investing Activities -435.0M -880.0M
Cash From Financing Activities -3.411B -3.720B
Net Change In Cash 1.107B -616.0M
YoY Change -165.12% -131.88%
FREE CASH FLOW
Cash From Operating Activities $4.953B $3.984B
Capital Expenditures $420.0M $481.0M
Free Cash Flow $4.533B $3.503B
YoY Change 41.0% -52.98%

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