2023 Q4 Form 10-Q Financial Statement

#000092222423000049 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $2.031B $2.043B
YoY Change -11.31% -4.26%
Cost Of Revenue $411.0M $356.0M
YoY Change -30.69% -18.35%
Gross Profit $1.620B $1.687B
YoY Change -4.54% -0.65%
Gross Profit Margin 79.76% 82.57%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $334.0M $336.0M
YoY Change 0.91% 2.75%
% of Gross Profit 20.62% 19.92%
Operating Expenses $1.230B $1.250B
YoY Change -9.63% -7.89%
Operating Profit $390.0M $437.0M
YoY Change 16.07% 28.15%
Interest Expense -$172.0M $165.0M
YoY Change 17.81% 21.32%
% of Operating Profit -44.1% 37.76%
Other Income/Expense, Net -$91.00M $16.00M
YoY Change -858.33% 60.0%
Pretax Income $127.0M $288.0M
YoY Change -37.13% 33.95%
Income Tax $14.00M $58.00M
% Of Pretax Income 11.02% 20.14%
Net Earnings $113.0M $230.0M
YoY Change -40.53% 32.18%
Net Earnings / Revenue 5.56% 11.26%
Basic Earnings Per Share $0.31
Diluted Earnings Per Share $0.15 $0.31
COMMON SHARES
Basic Shares Outstanding 737.1M shares 737.1M shares
Diluted Shares Outstanding 738.2M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $331.0M $353.0M
YoY Change -7.02% 16.5%
Cash & Equivalents $331.0M $353.0M
Short-Term Investments
Other Short-Term Assets $51.00M $59.00M
YoY Change -33.77% -44.34%
Inventory $505.0M $488.0M
Prepaid Expenses $103.0M $143.0M
Receivables $950.0M $1.019B
Other Receivables $0.00 $49.00M
Total Short-Term Assets $2.932B $2.754B
YoY Change 3.82% 1.25%
LONG-TERM ASSETS
Property, Plant & Equipment $31.42B $31.07B
YoY Change 3.9% 3.93%
Goodwill $2.247B $2.247B
YoY Change -0.04% 0.27%
Intangibles $306.0M $307.0M
YoY Change -2.24% -2.54%
Long-Term Investments
YoY Change
Other Assets $459.0M $464.0M
YoY Change 16.2% -5.88%
Total Long-Term Assets $4.886B $4.805B
YoY Change 2.32% 0.86%
TOTAL ASSETS
Total Short-Term Assets $2.932B $2.754B
Total Long-Term Assets $4.886B $4.805B
Total Assets $39.24B $38.63B
YoY Change 3.7% 3.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.104B $1.178B
YoY Change -8.08% 21.69%
Accrued Expenses $124.0M $220.0M
YoY Change 4.2% 41.94%
Deferred Revenue
YoY Change
Short-Term Debt $992.0M $287.0M
YoY Change 0.71% -43.73%
Long-Term Debt Due $1.000M $91.00M
YoY Change -99.72% -65.53%
Total Short-Term Liabilities $3.340B $2.879B
YoY Change -11.85% -13.15%
LONG-TERM LIABILITIES
Long-Term Debt $14.61B $14.48B
YoY Change 13.36% 11.61%
Other Long-Term Liabilities $385.0M $368.0M
YoY Change 6.65% -0.81%
Total Long-Term Liabilities $7.352B $14.85B
YoY Change 1.53% 11.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.340B $2.879B
Total Long-Term Liabilities $7.352B $14.85B
Total Liabilities $10.69B $17.73B
YoY Change -3.06% 6.41%
SHAREHOLDERS EQUITY
Retained Earnings $2.710B $2.775B
YoY Change 1.08% 4.4%
Common Stock $12.33B $12.33B
YoY Change 0.07% 0.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.93B $14.01B
YoY Change
Total Liabilities & Shareholders Equity $39.24B $38.63B
YoY Change 3.7% 3.35%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $113.0M $230.0M
YoY Change -40.53% 32.18%
Depreciation, Depletion And Amortization $334.0M $336.0M
YoY Change 0.91% 2.75%
Cash From Operating Activities $110.0M $806.0M
YoY Change -49.77% 51.5%
INVESTING ACTIVITIES
Capital Expenditures $649.0M $651.0M
YoY Change 1.41% -228.66%
Acquisitions
YoY Change
Other Investing Activities $5.000M $8.000M
YoY Change -97.09% 166.67%
Cash From Investing Activities -$644.0M -$643.0M
YoY Change 37.61% 27.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 562.0M -136.0M
YoY Change 86.09% 119.35%
NET CHANGE
Cash From Operating Activities 110.0M 806.0M
Cash From Investing Activities -644.0M -643.0M
Cash From Financing Activities 562.0M -136.0M
Net Change In Cash 28.00M 27.00M
YoY Change -47.17% -181.82%
FREE CASH FLOW
Cash From Operating Activities $110.0M $806.0M
Capital Expenditures $649.0M $651.0M
Free Cash Flow -$539.0M $155.0M
YoY Change 28.03% -85.07%

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