2022 Q1 Form 10-Q Financial Statement

#000081445322000069 Filed on April 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $2.388B $2.288B
YoY Change 4.37% 21.31%
Cost Of Revenue $1.648B $1.557B
YoY Change 5.84% 22.7%
Gross Profit $740.0M $731.0M
YoY Change 1.23% 18.48%
Gross Profit Margin 30.99% 31.95%
Selling, General & Admin $518.0M $534.0M
YoY Change -3.0% -2.55%
% of Gross Profit 70.0% 73.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $76.00M $86.00M
YoY Change -11.63% -5.49%
% of Gross Profit 10.27% 11.76%
Operating Expenses $518.0M $534.0M
YoY Change -3.0% -2.55%
Operating Profit $217.0M $192.0M
YoY Change 13.02% -113.64%
Interest Expense $59.00M $67.00M
YoY Change -11.94% 6.35%
% of Operating Profit 27.19% 34.9%
Other Income/Expense, Net $124.0M $1.000M
YoY Change 12300.0% -108.33%
Pretax Income $282.0M $126.0M
YoY Change 123.81% -108.5%
Income Tax $48.00M $37.00M
% Of Pretax Income 17.02% 29.37%
Net Earnings $234.0M $89.00M
YoY Change 162.92% -106.96%
Net Earnings / Revenue 9.8% 3.89%
Basic Earnings Per Share $0.55 $0.21
Diluted Earnings Per Share $0.55 $0.21
COMMON SHARES
Basic Shares Outstanding 421.9M shares 424.9M shares
Diluted Shares Outstanding 424.7M shares 427.6M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $344.0M $682.0M
YoY Change -49.56% 43.28%
Cash & Equivalents $344.0M $682.0M
Short-Term Investments
Other Short-Term Assets $349.0M $272.0M
YoY Change 28.31% -20.7%
Inventory $2.297B $1.901B
Prepaid Expenses
Receivables $1.421B $1.530B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.411B $4.385B
YoY Change 0.59% 11.95%
LONG-TERM ASSETS
Property, Plant & Equipment $1.144B $1.151B
YoY Change -0.61% 2.49%
Goodwill $3.486B $3.525B
YoY Change -1.11% 1.21%
Intangibles $3.046B $3.506B
YoY Change -13.12% -1.71%
Long-Term Investments
YoY Change
Other Assets $725.0M $417.0M
YoY Change 73.86% 10.03%
Total Long-Term Assets $9.793B $9.955B
YoY Change -1.63% -0.31%
TOTAL ASSETS
Total Short-Term Assets $4.411B $4.385B
Total Long-Term Assets $9.793B $9.955B
Total Assets $14.20B $14.34B
YoY Change -0.95% 3.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.651B $1.501B
YoY Change 9.99% 44.88%
Accrued Expenses $1.475B $1.424B
YoY Change 3.58% 21.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $3.000M $357.0M
YoY Change -99.16% 11800.0%
Total Short-Term Liabilities $3.183B $3.363B
YoY Change -5.35% 13.96%
LONG-TERM LIABILITIES
Long-Term Debt $4.880B $5.135B
YoY Change -4.97% -4.47%
Other Long-Term Liabilities $910.0M $1.085B
YoY Change -16.13% -1.09%
Total Long-Term Liabilities $5.790B $6.220B
YoY Change -6.91% -3.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.183B $3.363B
Total Long-Term Liabilities $5.790B $6.220B
Total Liabilities $10.22B $10.48B
YoY Change -2.43% 0.53%
SHAREHOLDERS EQUITY
Retained Earnings -$2.368B -$3.085B
YoY Change -23.24% -16.24%
Common Stock $7.825B $8.443B
YoY Change -7.32% -3.93%
Preferred Stock
YoY Change
Treasury Stock (at cost) $623.0M $608.0M
YoY Change 2.47% 2.01%
Treasury Stock Shares 25.00M shares 24.40M shares
Shareholders Equity $3.980B $3.836B
YoY Change
Total Liabilities & Shareholders Equity $14.20B $14.34B
YoY Change -0.95% 3.14%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $234.0M $89.00M
YoY Change 162.92% -106.96%
Depreciation, Depletion And Amortization $76.00M $86.00M
YoY Change -11.63% -5.49%
Cash From Operating Activities -$272.0M -$25.00M
YoY Change 988.0% -208.7%
INVESTING ACTIVITIES
Capital Expenditures -$70.00M -$54.00M
YoY Change 29.63% -6.9%
Acquisitions
YoY Change
Other Investing Activities -$9.000M $0.00
YoY Change -100.0%
Cash From Investing Activities $559.0M -$54.00M
YoY Change -1135.19% -3.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $275.0M $0.00
YoY Change
Debt Paid & Issued, Net $0.00 $6.000M
YoY Change -100.0% -62.5%
Cash From Financing Activities -$393.0M -$239.0M
YoY Change 64.44% -238.15%
NET CHANGE
Cash From Operating Activities -$272.0M -$25.00M
Cash From Investing Activities $559.0M -$54.00M
Cash From Financing Activities -$393.0M -$239.0M
Net Change In Cash -$98.00M -$332.0M
YoY Change -70.48% -386.21%
FREE CASH FLOW
Cash From Operating Activities -$272.0M -$25.00M
Capital Expenditures -$70.00M -$54.00M
Free Cash Flow -$202.0M $29.00M
YoY Change -796.55% -64.2%

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