2022 Q3 Form 10-Q Financial Statement

#000158199022000018 Filed on August 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $14.34B $16.36B $12.99B
YoY Change 33.04% 64.74% 117.83%
Cost Of Revenue $13.07B $15.32B $11.76B
YoY Change 29.75% 65.18% 116.55%
Gross Profit $1.265B $1.035B $1.228B
YoY Change 80.2% 58.5% 130.83%
Gross Profit Margin 8.82% 6.33% 9.45%
Selling, General & Admin $84.00M $80.00M $77.00M
YoY Change 27.27% 12.68% -77.35%
% of Gross Profit 6.64% 7.73% 6.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $239.0M $243.0M $224.0M
YoY Change 33.52% 23.35% 39.13%
% of Gross Profit 18.89% 23.48% 18.24%
Operating Expenses $641.0M $630.0M $620.0M
YoY Change 23.51% 21.15% 23.75%
Operating Profit $624.0M $408.0M $608.0M
YoY Change -1660.0% -270.71% -1007.46%
Interest Expense $99.00M $99.00M -$17.00M
YoY Change -6.6% -7.48% -189.47%
% of Operating Profit 15.87% 24.26% -2.8%
Other Income/Expense, Net -$82.00M -$118.0M $1.000M
YoY Change 720.0% -240.48%
Pretax Income $549.0M $295.0M $582.0M
YoY Change -731.03% -228.82% -1219.23%
Income Tax $129.0M $56.00M $112.0M
% Of Pretax Income 23.5% 18.98% 19.24%
Net Earnings $71.00M $31.00M $84.00M
YoY Change -395.83% -144.93% -520.0%
Net Earnings / Revenue 0.5% 0.19% 0.65%
Basic Earnings Per Share
Diluted Earnings Per Share $366.0K $159.8K $433.0K
COMMON SHARES
Basic Shares Outstanding 194.2M shares 194.2M shares 194.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $625.0M $270.0M $452.0M
YoY Change 222.16% 938.46% 1708.0%
Cash & Equivalents $625.0M $270.0M $452.0M
Short-Term Investments
Other Short-Term Assets $247.0M $285.0M $200.0M
YoY Change 5.56% -73.44% -50.62%
Inventory $603.0M $528.0M $783.0M
Prepaid Expenses
Receivables $4.101B $5.581B $4.705B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.576B $6.664B $6.140B
YoY Change 14.33% 17.37% 67.39%
LONG-TERM ASSETS
Property, Plant & Equipment $15.86B $15.97B $16.21B
YoY Change 21.17% 18.69% 10.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.684B $3.773B $3.805B
YoY Change -0.7% 0.75% 1.09%
Other Assets $256.0M $266.0M $249.0M
YoY Change -75.17% -74.76% 55.63%
Total Long-Term Assets $23.21B $23.56B $23.84B
YoY Change 11.87% 11.5% 6.98%
TOTAL ASSETS
Total Short-Term Assets $5.576B $6.664B $6.140B
Total Long-Term Assets $23.21B $23.56B $23.84B
Total Assets $28.79B $30.23B $29.98B
YoY Change 12.33% 12.74% 15.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.997B $5.423B $4.811B
YoY Change 3.1% 31.85% 98.39%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $459.0M $630.0M $822.0M
YoY Change -43.19% -56.73% -1.08%
Total Short-Term Liabilities $5.335B $6.876B $6.234B
YoY Change -1.19% 11.57% 46.51%
LONG-TERM LIABILITIES
Long-Term Debt $7.986B $7.986B $8.398B
YoY Change -4.79% -4.8% -10.49%
Other Long-Term Liabilities $1.095B $991.0M $830.0M
YoY Change 38.78% 8.9% 2.85%
Total Long-Term Liabilities $9.381B $9.293B $9.567B
YoY Change -1.28% -3.08% -8.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.335B $6.876B $6.234B
Total Long-Term Liabilities $9.381B $9.293B $9.567B
Total Liabilities $14.72B $16.17B $15.80B
YoY Change -1.25% 2.65% 7.05%
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 $1.509B $1.517B $1.533B
YoY Change
Total Liabilities & Shareholders Equity $28.79B $30.23B $29.98B
YoY Change 12.33% 12.74% 15.52%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $71.00M $31.00M $84.00M
YoY Change -395.83% -144.93% -520.0%
Depreciation, Depletion And Amortization $239.0M $243.0M $224.0M
YoY Change 33.52% 23.35% 39.13%
Cash From Operating Activities $941.0M $790.0M $633.0M
YoY Change 180.9% 237.61% 146.3%
INVESTING ACTIVITIES
Capital Expenditures -$122.0M -$89.00M -$79.00M
YoY Change 62.67% 4.71% -40.15%
Acquisitions
YoY Change
Other Investing Activities -$46.00M $47.00M -$13.00M
YoY Change -105.5% -152.22% -112.38%
Cash From Investing Activities -$168.0M -$42.00M -$92.00M
YoY Change -122.08% -76.0% 240.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -412.0M -597.0M -275.0M
YoY Change -55.79% 594.19% 27.31%
NET CHANGE
Cash From Operating Activities 941.0M 790.0M 633.0M
Cash From Investing Activities -168.0M -42.00M -92.00M
Cash From Financing Activities -412.0M -597.0M -275.0M
Net Change In Cash 361.0M 151.0M 266.0M
YoY Change 120.12% -659.26% 1800.0%
FREE CASH FLOW
Cash From Operating Activities $941.0M $790.0M $633.0M
Capital Expenditures -$122.0M -$89.00M -$79.00M
Free Cash Flow $1.063B $879.0M $712.0M
YoY Change 159.27% 175.55% 83.03%

Facts In Submission

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CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
295000000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-229000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
539000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
217000000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
56000000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-17000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
91000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
36000000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
239000000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-212000000 usd
us-gaap Profit Loss
ProfitLoss
448000000 usd
us-gaap Profit Loss
ProfitLoss
181000000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
208000000 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-143000000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
395000000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
180000000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
31000000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-69000000 usd
us-gaap Net Income Loss
NetIncomeLoss
53000000 usd
us-gaap Net Income Loss
NetIncomeLoss
1000000 usd

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