2023 Q1 Form 10-K Financial Statement

#000100498023000029 Filed on February 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $6.209B $5.370B $21.68B
YoY Change 7.09% 2.36% 5.03%
Cost Of Revenue $1.438B $1.365B $4.856B
YoY Change 35.28% 19.63% 10.84%
Gross Profit $4.771B $4.005B $16.82B
YoY Change 0.76% -2.44% 3.46%
Gross Profit Margin 76.84% 74.58% 77.6%
Selling, General & Admin $139.0M $17.00M $143.0M
YoY Change 223.26% -113.49% -7.14%
% of Gross Profit 2.91% 0.42% 0.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.077B $941.0M $3.856B
YoY Change 10.8% 9.04% 13.31%
% of Gross Profit 22.57% 23.5% 22.92%
Operating Expenses $4.027B $3.664B $14.19B
YoY Change -1.35% 9.41% 4.34%
Operating Profit $629.0M $341.0M $1.837B
YoY Change 17.35% -54.89% -2.44%
Interest Expense $602.0M -$470.0M $1.917B
YoY Change 43.68% 19.59% 19.74%
% of Operating Profit 95.71% -137.83% 104.35%
Other Income/Expense, Net $85.00M $148.0M $394.0M
YoY Change -42.95% 111.43% -13.79%
Pretax Income $224.0M -$192.0M $476.0M
YoY Change -18.25% -160.38% -36.36%
Income Tax -$348.0M -$709.0M -$1.338B
% Of Pretax Income -155.36% -281.09%
Net Earnings $572.0M $513.0M $1.814B
YoY Change 19.67% 7.77% -2161.36%
Net Earnings / Revenue 9.21% 9.55% 8.37%
Basic Earnings Per Share $0.29 $0.91
Diluted Earnings Per Share $0.27 $0.24 $0.84
COMMON SHARES
Basic Shares Outstanding 2.466B shares 2.465B shares 1.987B shares
Diluted Shares Outstanding 2.132B shares 2.132B shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.028B $734.0M $734.0M
YoY Change 316.19% 152.23% 152.23%
Cash & Equivalents $1.028B $734.0M $734.0M
Short-Term Investments
Other Short-Term Assets $740.0M $1.433B $6.970B
YoY Change 18.02% 62.47% 15.0%
Inventory $34.00M $91.00M $842.0M
Prepaid Expenses
Receivables $2.568B $2.645B $2.645B
Other Receivables $1.381B $1.624B $1.624B
Total Short-Term Assets $12.30B $12.82B $12.82B
YoY Change 18.51% 15.69% 15.69%
LONG-TERM ASSETS
Property, Plant & Equipment $78.77B $77.52B $77.52B
YoY Change 6.98% 7.4% 7.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.104B $2.969B $28.29B
YoY Change 6.96% 3.7% 40.99%
Total Long-Term Assets $107.3B $105.8B $105.8B
YoY Change 14.71% 14.72% 14.72%
TOTAL ASSETS
Total Short-Term Assets $12.30B $12.82B $12.82B
Total Long-Term Assets $107.3B $105.8B $105.8B
Total Assets $119.6B $118.6B $118.6B
YoY Change 15.09% 14.82% 14.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.324B $2.888B $2.888B
YoY Change -2.72% 1.16% 1.16%
Accrued Expenses $743.0M $857.0M $857.0M
YoY Change -6.78% -9.69% -9.69%
Deferred Revenue
YoY Change
Short-Term Debt $1.295B $2.055B $2.055B
YoY Change -30.15% -5.91% -5.91%
Long-Term Debt Due $3.726B $2.268B $2.268B
YoY Change -18.16% -49.39% -49.39%
Total Short-Term Liabilities $14.80B $15.79B $15.79B
YoY Change -10.62% -9.4% -9.4%
LONG-TERM LIABILITIES
Long-Term Debt $48.51B $47.74B $47.74B
YoY Change 23.99% 24.9% 24.9%
Other Long-Term Liabilities $4.394B $4.291B $29.31B
YoY Change -0.59% -0.39% 25.92%
Total Long-Term Liabilities $81.23B $79.78B $77.05B
YoY Change 23.58% 23.35% 25.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.80B $15.79B $15.79B
Total Long-Term Liabilities $81.23B $79.78B $77.05B
Total Liabilities $96.03B $95.57B $95.82B
YoY Change 16.7% 16.4% 16.35%
SHAREHOLDERS EQUITY
Retained Earnings -$6.973B -$7.542B
YoY Change -21.36% -18.76%
Common Stock $32.21B $32.89B
YoY Change -7.23% -6.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $23.33B $22.82B $22.82B
YoY Change
Total Liabilities & Shareholders Equity $119.6B $118.6B $118.6B
YoY Change 15.09% 14.82% 14.82%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $572.0M $513.0M $1.814B
YoY Change 19.67% 7.77% -2161.36%
Depreciation, Depletion And Amortization $1.077B $941.0M $3.856B
YoY Change 10.8% 9.04% 13.31%
Cash From Operating Activities $1.185B $1.009B $3.721B
YoY Change -28.66% 382.78% 64.5%
INVESTING ACTIVITIES
Capital Expenditures $2.288B $2.173B $9.584B
YoY Change -0.95% -197.84% 24.65%
Acquisitions
YoY Change
Other Investing Activities -$5.000M $277.0M -$34.00M
YoY Change -16.67% -4716.67% -42.37%
Cash From Investing Activities -$2.140B -$1.896B -$10.21B
YoY Change -8.15% -14.86% 47.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $7.000M $5.968B
YoY Change 0.0% 6759.77%
Cash From Financing Activities $1.423B 1.427B $7.133B
YoY Change 123.04% -24.66% 65.0%
NET CHANGE
Cash From Operating Activities $1.185B 1.009B $3.721B
Cash From Investing Activities -$2.140B -1.896B -$10.21B
Cash From Financing Activities $1.423B 1.427B $7.133B
Net Change In Cash $468.0M 540.0M $640.0M
YoY Change -1609.68% -535.48% -300.0%
FREE CASH FLOW
Cash From Operating Activities $1.185B $1.009B $3.721B
Capital Expenditures $2.288B $2.173B $9.584B
Free Cash Flow -$1.103B -$1.164B -$5.863B
YoY Change 69.95% -147.9% 8.03%

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