2024 Q2 Form 10-Q Financial Statement

#000141344724000038 Filed on April 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $3.127B $3.126B
YoY Change 0.19%
Cost Of Revenue $1.335B $1.343B
YoY Change -1.18%
Gross Profit $1.792B $1.783B
YoY Change 1.24%
Gross Profit Margin 57.31% 57.04%
Selling, General & Admin $270.0M $306.0M
YoY Change -3.57%
% of Gross Profit 15.07% 17.16%
Research & Development $594.0M $564.0M
YoY Change 2.95%
% of Gross Profit 33.15% 31.63%
Depreciation & Amortization $213.0M $235.0M
YoY Change -24.73%
% of Gross Profit 11.89% 13.18%
Operating Expenses $892.0M $921.0M
YoY Change -5.31%
Operating Profit $896.0M $856.0M
YoY Change 8.61%
Interest Expense $97.00M $105.0M
YoY Change -12.61%
% of Operating Profit 10.83% 12.27%
Other Income/Expense, Net -$75.00M -$70.00M
YoY Change -8.54%
Pretax Income $821.0M $786.0M
YoY Change 10.5%
Income Tax $154.0M $141.0M
% Of Pretax Income 18.76% 17.94%
Net Earnings $658.0M $639.0M
YoY Change 6.99%
Net Earnings / Revenue 21.04% 20.44%
Basic Earnings Per Share $2.58 $2.49
Diluted Earnings Per Share $2.54 $2.47
COMMON SHARES
Basic Shares Outstanding 255.7M shares 256.5M shares
Diluted Shares Outstanding 258.7M shares 259.0M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.866B $2.917B
YoY Change -27.24%
Cash & Equivalents $2.859B $2.908B
Short-Term Investments $7.000M $9.000M
Other Short-Term Assets $546.0M $603.0M
YoY Change 41.09%
Inventory $2.148B $2.102B
Prepaid Expenses
Receivables $927.0M $881.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.880B $6.894B
YoY Change -6.48%
LONG-TERM ASSETS
Property, Plant & Equipment $3.289B $3.304B
YoY Change 5.32%
Goodwill $9.941B $9.945B
YoY Change -0.08%
Intangibles
YoY Change
Long-Term Investments $117.0M $120.0M
YoY Change 13.59%
Other Assets $2.290B $2.338B
YoY Change 9.31%
Total Long-Term Assets $16.32B $16.43B
YoY Change -0.36%
TOTAL ASSETS
Total Short-Term Assets $6.880B $6.894B
Total Long-Term Assets $16.32B $16.43B
Total Assets $23.20B $23.32B
YoY Change -2.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $929.0M $954.0M
YoY Change -7.29%
Accrued Expenses $402.0M $502.0M
YoY Change -18.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $499.0M $0.00
YoY Change -50.0%
Total Short-Term Liabilities $3.112B $2.928B
YoY Change -26.13%
LONG-TERM LIABILITIES
Long-Term Debt $9.681B $10.18B
YoY Change -4.8%
Other Long-Term Liabilities $1.003B $1.009B
YoY Change -5.11%
Total Long-Term Liabilities $10.74B $11.24B
YoY Change -4.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.112B $2.928B
Total Long-Term Liabilities $10.74B $11.24B
Total Liabilities $13.85B $14.17B
YoY Change -10.55%
SHAREHOLDERS EQUITY
Retained Earnings -$2.036B -$2.421B
YoY Change -44.25%
Common Stock $14.79B $14.68B
YoY Change 3.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.018B $8.829B
YoY Change
Total Liabilities & Shareholders Equity $23.20B $23.32B
YoY Change -2.26%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $658.0M $639.0M
YoY Change 6.99%
Depreciation, Depletion And Amortization $213.0M $235.0M
YoY Change -24.73%
Cash From Operating Activities $761.0M $851.0M
YoY Change 20.41%
INVESTING ACTIVITIES
Capital Expenditures $240.0M $226.0M
YoY Change -4.38%
Acquisitions
YoY Change
Other Investing Activities $1.000M -$16.00M
YoY Change -101.72%
Cash From Investing Activities -$239.0M -$274.0M
YoY Change -31.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -567.0M -$1.528B
YoY Change 186.36%
NET CHANGE
Cash From Operating Activities 761.0M $851.0M
Cash From Investing Activities -239.0M -$274.0M
Cash From Financing Activities -567.0M -$1.528B
Net Change In Cash -45.00M -$954.0M
YoY Change -152.94%
FREE CASH FLOW
Cash From Operating Activities $761.0M $851.0M
Capital Expenditures $240.0M $226.0M
Free Cash Flow $521.0M $625.0M
YoY Change 36.75%

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