2022 Q4 Form 10-K Financial Statement

#000031670923000009 Filed on February 24, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022
Revenue $6.309B $22.31B
YoY Change 30.46% 20.45%
Cost Of Revenue $812.0M $1.545B
YoY Change 534.38% 224.58%
Gross Profit $5.497B $20.76B
YoY Change 16.76% 12.11%
Gross Profit Margin 87.13% 93.07%
Selling, General & Admin $2.341B $9.150B
YoY Change 12.66% 13.83%
% of Gross Profit 42.59% 44.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $312.0M $1.248B
YoY Change 4.35% 7.22%
% of Gross Profit 5.68% 6.01%
Operating Expenses $2.899B $11.37B
YoY Change 12.06% 9.86%
Operating Profit $2.598B $9.388B
YoY Change 22.49% 14.95%
Interest Expense $1.545B
YoY Change 224.58%
% of Operating Profit 16.46%
Other Income/Expense, Net $714.0M
YoY Change -18.49%
Pretax Income $2.598B $9.388B
YoY Change 28.42% 21.72%
Income Tax $630.0M $2.205B
% Of Pretax Income 24.25% 23.49%
Net Earnings $1.821B $6.635B
YoY Change 15.25% 13.32%
Net Earnings / Revenue 28.86% 29.74%
Basic Earnings Per Share $3.52
Diluted Earnings Per Share $972.2K $3.503M
COMMON SHARES
Basic Shares Outstanding 1.885B shares
Diluted Shares Outstanding 1.894B shares

Balance Sheet

Concept 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.20B $40.20B
YoY Change -36.17% -36.17%
Cash & Equivalents $40.20B $40.20B
Short-Term Investments
Other Short-Term Assets $12.30B $12.30B
YoY Change 17.24% 17.24%
Inventory
Prepaid Expenses
Receivables $66.59B $66.59B
Other Receivables $0.00 $0.00
Total Short-Term Assets $119.1B $119.1B
YoY Change -22.44% -22.44%
LONG-TERM ASSETS
Property, Plant & Equipment $4.608B $4.608B
YoY Change 33.88% 7.56%
Goodwill $11.95B
YoY Change -0.01%
Intangibles $8.789B
YoY Change -6.29%
Long-Term Investments $333.1B $335.2B
YoY Change -17.37% -17.16%
Other Assets $18.53B $18.53B
YoY Change -54.65% -54.65%
Total Long-Term Assets $432.7B $432.7B
YoY Change -15.78% -15.78%
TOTAL ASSETS
Total Short-Term Assets $119.1B $119.1B
Total Long-Term Assets $432.7B $432.7B
Total Assets $551.8B $551.8B
YoY Change -17.31% -17.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $97.44B $97.44B
YoY Change -22.47% -22.47%
Accrued Expenses $13.12B $13.12B
YoY Change -26.23% -26.23%
Deferred Revenue
YoY Change
Short-Term Debt $17.10B $383.8B
YoY Change 252.21% -14.46%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $494.3B $494.3B
YoY Change -16.51% -16.51%
LONG-TERM LIABILITIES
Long-Term Debt $20.83B $20.83B
YoY Change 10.12% 10.12%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $20.83B $20.83B
YoY Change 10.12% 10.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $494.3B $494.3B
Total Long-Term Liabilities $20.83B $20.83B
Total Liabilities $515.2B $515.2B
YoY Change -15.69% -15.69%
SHAREHOLDERS EQUITY
Retained Earnings $31.07B
YoY Change 19.52%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.639B
YoY Change 61.84%
Treasury Stock Shares 221.0M shares
Shareholders Equity $36.61B $36.61B
YoY Change
Total Liabilities & Shareholders Equity $551.8B $551.8B
YoY Change -17.31% -17.31%

Cashflow Statement

Concept 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $1.821B $6.635B
YoY Change 15.25% 13.32%
Depreciation, Depletion And Amortization $312.0M $1.248B
YoY Change 4.35% 7.22%
Cash From Operating Activities -$2.107B $2.057B
YoY Change -137.36% -2.88%
INVESTING ACTIVITIES
Capital Expenditures $202.0M $971.0M
YoY Change -164.54% 6.0%
Acquisitions
YoY Change
Other Investing Activities $11.74B $136.0M
YoY Change -154.92% -4.9%
Cash From Investing Activities $11.54B $32.05B
YoY Change -153.2% -142.36%
FINANCING ACTIVITIES
Cash Dividend Paid $2.110B
YoY Change 15.81%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.036B
YoY Change -43.14%
Cash From Financing Activities -15.96B -$68.72B
YoY Change -132.38% -171.35%
NET CHANGE
Cash From Operating Activities -2.107B $2.057B
Cash From Investing Activities 11.54B $32.05B
Cash From Financing Activities -15.96B -$68.72B
Net Change In Cash -6.526B -$34.62B
YoY Change -119.63% -251.98%
FREE CASH FLOW
Cash From Operating Activities -$2.107B $2.057B
Capital Expenditures $202.0M $971.0M
Free Cash Flow -$2.309B $1.086B
YoY Change -138.79% -9.65%

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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.035
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.034
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.032
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.005
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.012
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.003
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.005
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.235
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.241
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.233
CY2021Q4 us-gaap Unrecognized Tax Benefits
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271000000 usd
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
248000000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
36000000 usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
34000000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
12000000 usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
59000000 usd
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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205000000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
271000000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
165000000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
221000000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
41000000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
68000000 usd
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
10682000000 usd
CY2021 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2020 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2022 us-gaap Other Income
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782000000 usd
CY2021 us-gaap Other Income
OtherIncome
749000000 usd
CY2020 us-gaap Other Income
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332000000 usd
CY2022 us-gaap Revenues
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20762000000 usd
CY2021 us-gaap Revenues
Revenues
18520000000 usd
CY2020 us-gaap Revenues
Revenues
11691000000 usd
CY2022 us-gaap Noninterest Expense
NoninterestExpense
11374000000 usd
CY2021 us-gaap Noninterest Expense
NoninterestExpense
10807000000 usd
CY2020 us-gaap Noninterest Expense
NoninterestExpense
7391000000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9388000000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7713000000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4300000000 usd
CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
952000000 usd
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1041000000 usd
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
741000000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
652000000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
549000000 usd
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
414000000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
596000000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
615000000 usd
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
190000000 usd
CY2022Q4 schw Number Of Classes Of Common Stock
NumberOfClassesOfCommonStock
2 stockclass
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15000000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
16000000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
22000000 shares
CY2022 dei Auditor Name
AuditorName
DELOITTE & TOUCHE LLP
CY2022 dei Auditor Location
AuditorLocation
Dallas, TX

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