2024 Q1 Form 10-K Financial Statement

#000141332924000013 Filed on February 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $8.793B $9.047B $35.17B
YoY Change 9.65% 10.98% 10.74%
Cost Of Revenue $3.195B $3.447B $12.89B
YoY Change 5.17% 7.89% 13.08%
Gross Profit $5.598B $5.600B $22.28B
YoY Change 12.39% 12.97% 9.44%
Gross Profit Margin 63.66% 61.9% 63.35%
Selling, General & Admin $2.281B $2.031B $9.554B
YoY Change 1.38% 1.04% 20.78%
% of Gross Profit 40.75% 36.27% 42.88%
Research & Development $709.0M
YoY Change 10.44%
% of Gross Profit 3.18%
Depreciation & Amortization $367.0M -$311.0M $1.398B
YoY Change 22.74% -206.87% 17.58%
% of Gross Profit 6.56% -5.55% 6.27%
Operating Expenses $2.385B $2.031B $709.0M
YoY Change 6.0% 1.04% 10.44%
Operating Profit $3.045B $3.569B $11.56B
YoY Change 11.5% 21.11% -5.63%
Interest Expense -$299.0M -$273.0M $1.526B
YoY Change 30.0% 60.59% 98.7%
% of Operating Profit -9.82% -7.65% 13.21%
Other Income/Expense, Net -$15.00M -$9.000M -$45.00M
YoY Change -31.82% 12.5% 87.5%
Pretax Income $2.731B $2.607B $10.45B
YoY Change 10.17% -5.06% -10.18%
Income Tax $676.0M $320.0M $2.339B
% Of Pretax Income 24.75% 12.27% 22.38%
Net Earnings $2.148B $2.191B $7.813B
YoY Change 7.99% -8.36% -13.65%
Net Earnings / Revenue 24.43% 24.22% 22.21%
Basic Earnings Per Share $1.38 $5.02
Diluted Earnings Per Share $1.38 $1.41 $5.02
COMMON SHARES
Basic Shares Outstanding 1.552B shares 1.552B shares 1.552B shares
Diluted Shares Outstanding 1.555B shares 1.553B shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.968B $3.060B $3.060B
YoY Change 63.43% -4.58% -4.58%
Cash & Equivalents $3.968B $3.060B $3.060B
Short-Term Investments
Other Short-Term Assets $1.884B $1.530B $1.530B
YoY Change -89.01% -13.56% -13.56%
Inventory $9.970B $10.77B $10.77B
Prepaid Expenses
Receivables $4.188B $3.461B $3.461B
Other Receivables $864.0M $930.0M $930.0M
Total Short-Term Assets $20.87B $19.76B $19.76B
YoY Change 6.66% 0.69% 0.69%
LONG-TERM ASSETS
Property, Plant & Equipment $7.201B $7.516B $8.147B
YoY Change 6.08% 12.01% 11.54%
Goodwill $16.46B $16.78B
YoY Change -17.15% -14.63%
Intangibles $9.448B $9.864B
YoY Change 40.34% 46.52%
Long-Term Investments $1.227B $1.309B $4.929B
YoY Change -72.76% 30.9% 11.24%
Other Assets $5.466B $5.647B $5.830B
YoY Change 18.85% 43.65% 47.97%
Total Long-Term Assets $44.44B $45.55B $45.55B
YoY Change 4.59% 8.29% 8.29%
TOTAL ASSETS
Total Short-Term Assets $20.87B $19.76B $19.76B
Total Long-Term Assets $44.44B $45.55B $45.55B
Total Assets $65.32B $65.30B $65.30B
YoY Change 5.24% 5.87% 5.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.648B $4.143B $4.143B
YoY Change -7.53% 1.64% 1.64%
Accrued Expenses $9.956B $12.38B $12.38B
YoY Change 5.81% 3.28% 3.28%
Deferred Revenue
YoY Change
Short-Term Debt $279.0M $1.968B $1.968B
YoY Change -94.19% -65.09% -65.09%
Long-Term Debt Due $5.425B $4.698B $4.698B
YoY Change 185.23% 79.93% 79.93%
Total Short-Term Liabilities $22.17B $26.38B $26.38B
YoY Change -3.55% -3.49% -3.49%
LONG-TERM LIABILITIES
Long-Term Debt $44.68B $41.24B $41.24B
YoY Change 10.56% 18.26% 18.26%
Other Long-Term Liabilities $4.363B $4.789B $4.789B
YoY Change 12.16% 25.2% 25.2%
Total Long-Term Liabilities $49.05B $46.03B $46.03B
YoY Change 10.7% 18.95% 18.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.17B $26.38B $26.38B
Total Long-Term Liabilities $49.05B $46.03B $46.03B
Total Liabilities $73.88B $74.75B $76.53B
YoY Change 4.08% 9.94% 8.34%
SHAREHOLDERS EQUITY
Retained Earnings $34.21B $34.09B
YoY Change -0.28% -0.58%
Common Stock $2.205B $2.285B
YoY Change 0.78% 2.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $35.66B $35.79B
YoY Change -0.4% -0.37%
Treasury Stock Shares
Shareholders Equity -$10.31B -$11.23B -$11.23B
YoY Change
Total Liabilities & Shareholders Equity $65.32B $65.30B $65.30B
YoY Change 5.24% 5.87% 5.87%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $2.148B $2.191B $7.813B
YoY Change 7.99% -8.36% -13.65%
Depreciation, Depletion And Amortization $367.0M -$311.0M $1.398B
YoY Change 22.74% -206.87% 17.58%
Cash From Operating Activities $241.0M $3.302B $9.204B
YoY Change -125.24% 6.76% -14.8%
INVESTING ACTIVITIES
Capital Expenditures $417.0M $311.0M $1.321B
YoY Change 49.46% -10.37% 22.66%
Acquisitions
YoY Change
Other Investing Activities $66.00M -$257.0M -$269.0M
YoY Change -52.86% -98.31% 140.18%
Cash From Investing Activities -$193.0M -$568.0M -$3.598B
YoY Change -67.34% -96.34% -77.05%
FINANCING ACTIVITIES
Cash Dividend Paid $2.037B $7.964B
YoY Change 2.52% 1.95%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities $1.135B -2.897B -$5.582B
YoY Change 31.37% -129.33% -246.66%
NET CHANGE
Cash From Operating Activities $241.0M 3.302B $9.204B
Cash From Investing Activities -$193.0M -568.0M -$3.598B
Cash From Financing Activities $1.135B -2.897B -$5.582B
Net Change In Cash $953.0M -163.0M -$71.00M
YoY Change -223.61% -93.63% -94.47%
FREE CASH FLOW
Cash From Operating Activities $241.0M $3.302B $9.204B
Capital Expenditures $417.0M $311.0M $1.321B
Free Cash Flow -$176.0M $2.991B $7.883B
YoY Change -85.74% 8.92% -18.95%

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