2023 Q1 Form 10-K Financial Statement

#000141332923000025 Filed on February 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $8.019B $8.152B $31.76B
YoY Change 3.52% 0.59% 1.14%
Cost Of Revenue $3.038B $3.195B $11.40B
YoY Change 16.49% 13.82% 13.68%
Gross Profit $4.981B $4.957B $20.36B
YoY Change -3.06% -6.42% -4.75%
Gross Profit Margin 62.11% 60.81% 64.1%
Selling, General & Admin $2.250B $2.010B $7.910B
YoY Change 25.98% -11.18% -2.2%
% of Gross Profit 45.17% 40.55% 38.85%
Research & Development $642.0M
YoY Change 4.05%
% of Gross Profit 3.15%
Depreciation & Amortization $299.0M $291.0M $1.189B
YoY Change 18.18% 4.3% 31.82%
% of Gross Profit 6.0% 5.87% 5.84%
Operating Expenses $2.250B $2.010B $642.0M
YoY Change 23.36% -12.76% 4.05%
Operating Profit $2.731B $2.947B $12.25B
YoY Change -17.19% -1.54% -5.62%
Interest Expense -$230.0M -$170.0M $768.0M
YoY Change 49.35% 16.44% 4.21%
% of Operating Profit -8.42% -5.77% 6.27%
Other Income/Expense, Net -$22.00M -$8.000M -$24.00M
YoY Change 450.0% -75.76% -79.13%
Pretax Income $2.479B $2.746B $11.63B
YoY Change -21.05% -0.79% -4.89%
Income Tax $428.0M $409.0M $2.244B
% Of Pretax Income 17.27% 14.89% 19.29%
Net Earnings $1.989B $2.391B $9.048B
YoY Change -14.67% 14.24% -0.67%
Net Earnings / Revenue 24.8% 29.33% 28.49%
Basic Earnings Per Share $1.28 $5.82
Diluted Earnings Per Share $1.28 $1.54 $5.81
COMMON SHARES
Basic Shares Outstanding 1.550B shares 1.550B shares 1.550B shares
Diluted Shares Outstanding 1.553B shares 1.552B shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.428B $3.207B $3.207B
YoY Change -47.47% -28.67% -28.67%
Cash & Equivalents $2.428B $3.207B $3.207B
Short-Term Investments
Other Short-Term Assets $17.14B $1.770B $1.770B
YoY Change 1614.3% 215.51% 215.51%
Inventory $10.71B $9.886B $9.886B
Prepaid Expenses
Receivables $3.642B $3.850B $3.850B
Other Receivables $957.0M $906.0M $906.0M
Total Short-Term Assets $19.57B $19.62B $19.62B
YoY Change 4.52% 10.74% 10.74%
LONG-TERM ASSETS
Property, Plant & Equipment $6.788B $6.710B $7.304B
YoY Change 13.06% 0.24% 9.11%
Goodwill $19.87B $19.66B
YoY Change 199.55% 194.24%
Intangibles $6.732B $6.732B
YoY Change 141.64% 138.89%
Long-Term Investments $4.504B $1.000B $4.431B
YoY Change 433.65% 13.77% -0.72%
Other Assets $4.599B $3.931B $3.940B
YoY Change 78.19% 54.22% 35.02%
Total Long-Term Assets $42.49B $42.06B $42.06B
YoY Change 84.66% 78.43% 78.43%
TOTAL ASSETS
Total Short-Term Assets $19.57B $19.62B $19.62B
Total Long-Term Assets $42.49B $42.06B $42.06B
Total Assets $62.06B $61.68B $61.68B
YoY Change 48.71% 49.38% 49.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.945B $4.076B $4.076B
YoY Change 23.17% 22.37% 22.37%
Accrued Expenses $9.409B $11.98B $11.98B
YoY Change 4.38% 20.81% 20.81%
Deferred Revenue
YoY Change
Short-Term Debt $4.803B $5.637B $5.637B
YoY Change 96.76% 2405.33% 2405.33%
Long-Term Debt Due $1.902B $2.611B $2.611B
YoY Change -34.35% -6.68% -6.68%
Total Short-Term Liabilities $22.99B $27.34B $27.34B
YoY Change 12.58% 41.97% 41.97%
LONG-TERM LIABILITIES
Long-Term Debt $40.42B $34.88B $34.88B
YoY Change 68.27% 40.72% 40.72%
Other Long-Term Liabilities $3.890B $3.825B $3.825B
YoY Change -18.09% -19.2% -19.2%
Total Long-Term Liabilities $44.31B $38.70B $38.70B
YoY Change 54.01% 31.11% 31.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.99B $27.34B $27.34B
Total Long-Term Liabilities $44.31B $38.70B $38.70B
Total Liabilities $70.98B $67.99B $70.64B
YoY Change 42.15% 37.36% 37.44%
SHAREHOLDERS EQUITY
Retained Earnings $34.30B $34.29B
YoY Change 2.49% 3.65%
Common Stock $2.188B $2.230B
YoY Change 3.31% 0.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $35.80B $35.92B
YoY Change -0.34% 0.23%
Treasury Stock Shares 559.1M shares
Shareholders Equity -$8.924B -$8.957B -$8.957B
YoY Change
Total Liabilities & Shareholders Equity $62.06B $61.68B $61.68B
YoY Change 48.71% 49.38% 49.38%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $1.989B $2.391B $9.048B
YoY Change -14.67% 14.24% -0.67%
Depreciation, Depletion And Amortization $299.0M $291.0M $1.189B
YoY Change 18.18% 4.3% 31.82%
Cash From Operating Activities -$955.0M $3.093B $10.80B
YoY Change -185.42% -23.29% -9.73%
INVESTING ACTIVITIES
Capital Expenditures $279.0M $347.0M $1.077B
YoY Change 21.83% -220.07% 43.98%
Acquisitions $13.98B
YoY Change 562.06%
Other Investing Activities $140.0M -$15.18B -$112.0M
YoY Change 105.88% 29666.67% 62.32%
Cash From Investing Activities -$591.0M -$15.53B -$15.68B
YoY Change 201.53% 4467.06% 564.93%
FINANCING ACTIVITIES
Cash Dividend Paid $1.987B $7.812B
YoY Change 1.79% 3.06%
Common Stock Issuance & Retirement, Net $209.0M
YoY Change -73.03%
Debt Paid & Issued, Net $682.0M
YoY Change 37.5%
Cash From Financing Activities $864.0M 9.877B $3.806B
YoY Change -223.25% -359.85% -131.78%
NET CHANGE
Cash From Operating Activities -$955.0M 3.093B $10.80B
Cash From Investing Activities -$591.0M -15.53B -$15.68B
Cash From Financing Activities $864.0M 9.877B $3.806B
Net Change In Cash -$771.0M -2.558B -$1.283B
YoY Change -711.9% 2246.79% -53.93%
FREE CASH FLOW
Cash From Operating Activities -$955.0M $3.093B $10.80B
Capital Expenditures $279.0M $347.0M $1.077B
Free Cash Flow -$1.234B $2.746B $9.726B
YoY Change -238.81% -36.45% -13.31%

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CY2022 dei Auditor Name
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PricewaterhouseCoopers SA
CY2022 dei Auditor Location
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Lausanne, Switzerland
CY2022 dei Auditor Firm
AuditorFirmId
1358

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