2023 Q1 Form 10-K Financial Statement

#000162828023004411 Filed on February 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $3.755B $3.139B $9.800B
YoY Change 62.34% 2.72% 0.8%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $29.00M
YoY Change 3.57%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $330.0M $320.0M $1.283B
YoY Change -0.9% 1.91% -8.55%
% of Gross Profit
Operating Expenses $2.107B $2.142B $8.296B
YoY Change -9.26% 0.47% 4.47%
Operating Profit $1.648B $1.381B
YoY Change -3269.23% -261.33%
Interest Expense $180.0M -$76.00M $628.0M
YoY Change 31.39% 76.74% 9.98%
% of Operating Profit 10.92% 45.47%
Other Income/Expense, Net $42.00M $115.0M $124.0M
YoY Change 740.0% 64.29% 26.53%
Pretax Income $1.585B $1.003B $1.002B
YoY Change -1129.22% 58.95% -192.01%
Income Tax $298.0M $215.0M -$29.00M
% Of Pretax Income 18.8% 21.44% -2.89%
Net Earnings $1.287B $788.0M $1.031B
YoY Change -64450.0% 77.08% -259.1%
Net Earnings / Revenue 34.27% 25.1% 10.52%
Basic Earnings Per Share $2.59 $2.07
Diluted Earnings Per Share $2.58 $1.57 $2.06
COMMON SHARES
Basic Shares Outstanding 498.8M shares 498.9M shares 498.0M shares
Diluted Shares Outstanding 500.0M shares 501.0M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.205B $465.0M $465.0M
YoY Change -24.83% -43.15% -43.15%
Cash & Equivalents $1.205B $465.0M $465.0M
Short-Term Investments
Other Short-Term Assets $35.00M $33.00M $855.0M
YoY Change -14.63% -25.0% -69.68%
Inventory $715.0M $960.0M $960.0M
Prepaid Expenses $101.0M $93.00M
Receivables $1.690B $1.944B $1.944B
Other Receivables $8.000M $79.00M $79.00M
Total Short-Term Assets $4.331B $4.303B $4.303B
YoY Change -8.4% -31.15% -31.15%
LONG-TERM ASSETS
Property, Plant & Equipment $36.53B $36.12B $36.12B
YoY Change 4.6% 4.49% 4.49%
Goodwill
YoY Change
Intangibles $9.000M $14.00M
YoY Change -59.09% -30.0%
Long-Term Investments $597.0M $624.0M $624.0M
YoY Change 11.8% 15.34% 15.34%
Other Assets $284.0M $271.0M $7.103B
YoY Change 13.15% 15.81% 5.29%
Total Long-Term Assets $45.08B $44.42B $44.42B
YoY Change 4.72% 3.9% 3.9%
TOTAL ASSETS
Total Short-Term Assets $4.331B $4.303B $4.303B
Total Long-Term Assets $45.08B $44.42B $44.42B
Total Assets $49.41B $48.72B $48.72B
YoY Change 3.42% -0.57% -0.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $958.0M $1.271B $1.271B
YoY Change 0.21% -3.35% -3.35%
Accrued Expenses $259.0M $174.0M $174.0M
YoY Change -43.2% -21.27% -21.27%
Deferred Revenue
YoY Change
Short-Term Debt $1.250B $2.200B $2.200B
YoY Change -25.42% -37.48% -37.48%
Long-Term Debt Due $1.825B $1.575B $1.575B
YoY Change 160.71% 125.0% 125.0%
Total Short-Term Liabilities $5.448B $6.680B $6.680B
YoY Change 2.95% -5.54% -5.54%
LONG-TERM LIABILITIES
Long-Term Debt $17.14B $16.50B $16.50B
YoY Change 1.01% 8.38% 8.38%
Other Long-Term Liabilities $196.0M $199.0M $6.089B
YoY Change 11.36% 8.15% -6.48%
Total Long-Term Liabilities $12.10B $11.81B $22.58B
YoY Change 1.5% -3.72% 3.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.448B $6.680B $6.680B
Total Long-Term Liabilities $12.10B $11.81B $22.58B
Total Liabilities $17.54B $18.49B $34.99B
YoY Change 1.95% -4.38% 1.24%
SHAREHOLDERS EQUITY
Retained Earnings $11.59B $10.59B
YoY Change 11.85% -0.45%
Common Stock $5.045B $5.065B
YoY Change 1.35% 0.4%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.377B
YoY Change 53.68%
Treasury Stock Shares 37.00M shares
Shareholders Equity $14.73B $13.73B $13.73B
YoY Change
Total Liabilities & Shareholders Equity $49.41B $48.72B $48.72B
YoY Change 3.42% -0.57% -0.57%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $1.287B $788.0M $1.031B
YoY Change -64450.0% 77.08% -259.1%
Depreciation, Depletion And Amortization $330.0M $320.0M $1.283B
YoY Change -0.9% 1.91% -8.55%
Cash From Operating Activities $1.837B $802.0M $1.503B
YoY Change 289.19% 43.73% -13.42%
INVESTING ACTIVITIES
Capital Expenditures $739.0M $800.0M $2.888B
YoY Change 7.73% -218.87% 6.22%
Acquisitions
YoY Change
Other Investing Activities -$18.00M -$2.000M -$18.00M
YoY Change -250.0% -116.67% -83.18%
Cash From Investing Activities -$714.0M -$802.0M -$1.101B
YoY Change -160.36% 21.33% -50.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $500.0M
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -$380.0M 93.00M -$754.0M
YoY Change -56.62% -110.4% -194.37%
NET CHANGE
Cash From Operating Activities $1.837B 802.0M $1.503B
Cash From Investing Activities -$714.0M -802.0M -$1.101B
Cash From Financing Activities -$380.0M 93.00M -$754.0M
Net Change In Cash $743.0M 93.00M -$352.0M
YoY Change -4.62% -109.33% -220.96%
FREE CASH FLOW
Cash From Operating Activities $1.837B $802.0M $1.503B
Capital Expenditures $739.0M $800.0M $2.888B
Free Cash Flow $1.098B $2.000M -$1.385B
YoY Change -613.08% -99.84% 40.9%

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