2023 Q3 Form 10-Q Financial Statement

#000107042323000018 Filed on August 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $12.07B $11.60B $16.36B
YoY Change -15.8% -29.08% 64.74%
Cost Of Revenue $11.11B $10.88B $15.32B
YoY Change -17.05% -29.02% 65.18%
Gross Profit $965.0M $725.0M $1.035B
YoY Change 1.9% -29.95% 58.5%
Gross Profit Margin 7.99% 6.25% 6.33%
Selling, General & Admin $92.00M $85.00M $78.00M
YoY Change 10.84% 8.97% 8.33%
% of Gross Profit 9.53% 11.72% 7.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $260.0M $259.0M $242.0M
YoY Change 9.24% 7.02% 23.47%
% of Gross Profit 26.94% 35.72% 23.38%
Operating Expenses $352.0M $344.0M $320.0M
YoY Change 9.66% 7.5% 19.4%
Operating Profit $234.0M $381.0M $411.0M
YoY Change -62.62% -7.3% -274.15%
Interest Expense $97.00M -$6.000M $99.00M
YoY Change 1285.71% -106.06% -7.48%
% of Operating Profit 41.45% -1.57% 24.09%
Other Income/Expense, Net $10.00M $20.00M -$118.0M
YoY Change -112.2% -116.95% -240.48%
Pretax Income $265.0M $392.0M $298.0M
YoY Change -51.91% 31.54% -231.86%
Income Tax -$14.00M $43.00M $47.00M
% Of Pretax Income -5.28% 10.97% 15.77%
Net Earnings $203.0M $227.0M $203.0M
YoY Change -47.14% 11.82% -192.27%
Net Earnings / Revenue 1.68% 1.96% 1.24%
Basic Earnings Per Share
Diluted Earnings Per Share $0.20 $0.33 $289.2K
COMMON SHARES
Basic Shares Outstanding 698.4M shares 698.4M shares 702.7M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $260.0M $933.0M $267.0M
YoY Change -58.27% 249.44% 1012.5%
Cash & Equivalents $260.0M $933.0M $267.0M
Short-Term Investments
Other Short-Term Assets $201.0M $137.0M $285.0M
YoY Change -96.39% -51.93% -73.44%
Inventory $617.0M $367.0M $528.0M
Prepaid Expenses
Receivables $4.449B $3.607B $5.279B
Other Receivables -$196.0M -$387.0M $8.107B
Total Short-Term Assets $5.331B $4.657B $6.661B
YoY Change -4.36% -30.09% 17.35%
LONG-TERM ASSETS
Property, Plant & Equipment $16.86B $16.53B $15.97B
YoY Change 6.33% 3.49% 18.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.830B $3.062B $3.773B
YoY Change -23.18% -18.84% 0.75%
Other Assets $417.0M $386.0M $266.0M
YoY Change -25.13% 45.11% -74.81%
Total Long-Term Assets $22.40B $22.24B $22.23B
YoY Change 2.38% 0.08% 12.73%
TOTAL ASSETS
Total Short-Term Assets $5.331B $4.657B $6.661B
Total Long-Term Assets $22.40B $22.24B $22.23B
Total Assets $27.74B $26.90B $28.89B
YoY Change 1.01% -6.88% 13.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.145B $3.295B $5.421B
YoY Change 3.75% -39.22% 31.83%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $710.0M $709.0M $630.0M
YoY Change 54.68% 12.54% -41.01%
Total Short-Term Liabilities $5.606B $4.652B $6.874B
YoY Change 5.12% -32.32% 11.54%
LONG-TERM LIABILITIES
Long-Term Debt $7.296B $7.288B $7.986B
YoY Change -8.64% -8.74% -4.8%
Other Long-Term Liabilities $1.002B $1.059B $991.0M
YoY Change -28.17% 6.86% 8.9%
Total Long-Term Liabilities $8.578B $8.646B $9.293B
YoY Change -8.56% -6.96% -3.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.606B $4.652B $6.874B
Total Long-Term Liabilities $8.578B $8.646B $9.293B
Total Liabilities $14.18B $13.30B $16.17B
YoY Change -19.01% -17.75% 2.64%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.29B $10.38B $9.931B
YoY Change
Total Liabilities & Shareholders Equity $27.74B $26.90B $28.89B
YoY Change 1.01% -6.88% 13.76%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $203.0M $227.0M $203.0M
YoY Change -47.14% 11.82% -192.27%
Depreciation, Depletion And Amortization $260.0M $259.0M $242.0M
YoY Change 9.24% 7.02% 23.47%
Cash From Operating Activities $85.00M $888.0M $792.0M
YoY Change -90.98% 12.12% 237.02%
INVESTING ACTIVITIES
Capital Expenditures $142.0M $159.0M -$110.0M
YoY Change -208.4% -244.55% 29.41%
Acquisitions
YoY Change
Other Investing Activities -$296.0M -$286.0M $68.00M
YoY Change 700.0% -520.59% -175.56%
Cash From Investing Activities -$438.0M -$164.0M -$42.00M
YoY Change 160.71% 290.48% -76.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -308.0M -325.0M -599.0M
YoY Change -25.24% -45.74% 588.51%
NET CHANGE
Cash From Operating Activities 85.00M 888.0M 792.0M
Cash From Investing Activities -438.0M -164.0M -42.00M
Cash From Financing Activities -308.0M -325.0M -599.0M
Net Change In Cash -661.0M 399.0M 151.0M
YoY Change -282.6% 164.24% -659.26%
FREE CASH FLOW
Cash From Operating Activities $85.00M $888.0M $792.0M
Capital Expenditures $142.0M $159.0M -$110.0M
Free Cash Flow -$57.00M $729.0M $902.0M
YoY Change -105.31% -19.18% 181.88%

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CY2023Q2 us-gaap Other Nonoperating Income Expense
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CY2022Q2 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
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CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
392000000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
298000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
920000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
544000000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43000000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
47000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
96000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
68000000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
349000000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
251000000 usd
us-gaap Profit Loss
ProfitLoss
824000000 usd
us-gaap Profit Loss
ProfitLoss
476000000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
56000000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
48000000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
109000000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
86000000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
293000000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
203000000 usd
us-gaap Net Income Loss
NetIncomeLoss
715000000 usd
us-gaap Net Income Loss
NetIncomeLoss
390000000 usd
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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0001070423-23-000018.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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