2023 Q4 Form 10-K Financial Statement

#000031670924000018 Filed on February 23, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $6.292B $25.52B
YoY Change -0.27% 14.41%
Cost Of Revenue $1.833B $6.684B
YoY Change 125.74% 332.62%
Gross Profit $4.459B $18.84B
YoY Change -18.88% -9.27%
Gross Profit Margin 70.87% 73.81%
Selling, General & Admin $2.241B $9.653B
YoY Change -4.27% 5.5%
% of Gross Profit 50.26% 51.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $368.0M $1.338B
YoY Change 17.95% 7.21%
% of Gross Profit 8.25% 7.1%
Operating Expenses $3.265B $12.46B
YoY Change 12.63% 9.54%
Operating Profit $1.194B $6.378B
YoY Change -54.04% -32.06%
Interest Expense $6.684B
YoY Change 332.62%
% of Operating Profit 104.8%
Other Income/Expense, Net $921.0M
YoY Change 28.99%
Pretax Income $1.194B $6.378B
YoY Change -54.04% -32.06%
Income Tax $149.0M $1.311B
% Of Pretax Income 12.48% 20.56%
Net Earnings $926.0M $4.649B
YoY Change -49.15% -29.93%
Net Earnings / Revenue 14.72% 18.22%
Basic Earnings Per Share $2.55
Diluted Earnings Per Share $0.51 $2.54
COMMON SHARES
Basic Shares Outstanding 1.824B shares
Diluted Shares Outstanding 1.831B shares

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.34B $43.34B
YoY Change 7.82% 7.82%
Cash & Equivalents $43.34B $43.34B
Short-Term Investments
Other Short-Term Assets -$8.144B -$8.144B
YoY Change -166.22% -166.22%
Inventory
Prepaid Expenses
Receivables $68.82B $68.82B
Other Receivables $0.00 $0.00
Total Short-Term Assets $104.0B $104.0B
YoY Change -12.65% -12.65%
LONG-TERM ASSETS
Property, Plant & Equipment $3.690B $4.320B
YoY Change -19.92% -6.25%
Goodwill $11.95B
YoY Change 0.0%
Intangibles $8.260B
YoY Change -6.02%
Long-Term Investments $275.9B $279.1B
YoY Change -17.16% -16.75%
Other Assets $31.14B $31.14B
YoY Change 68.08% 68.08%
Total Long-Term Assets $389.2B $389.2B
YoY Change -10.06% -10.06%
TOTAL ASSETS
Total Short-Term Assets $104.0B $104.0B
Total Long-Term Assets $389.2B $389.2B
Total Assets $493.2B $493.2B
YoY Change -10.62% -10.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $84.79B $84.79B
YoY Change -12.98% -12.98%
Accrued Expenses $18.40B $18.40B
YoY Change 40.2% 40.2%
Deferred Revenue
YoY Change
Short-Term Debt $296.5B $296.5B
YoY Change 1633.95% -22.74%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $399.7B $399.7B
YoY Change -19.15% -19.15%
LONG-TERM LIABILITIES
Long-Term Debt $52.53B $52.53B
YoY Change 152.2% 152.2%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $52.53B $52.53B
YoY Change 152.2% 152.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $399.7B $399.7B
Total Long-Term Liabilities $52.53B $52.53B
Total Liabilities $452.2B $452.2B
YoY Change -12.22% -12.22%
SHAREHOLDERS EQUITY
Retained Earnings $33.90B
YoY Change 9.13%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $40.96B $40.96B
YoY Change
Total Liabilities & Shareholders Equity $493.2B $493.2B
YoY Change -10.62% -10.62%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $926.0M $4.649B
YoY Change -49.15% -29.93%
Depreciation, Depletion And Amortization $368.0M $1.338B
YoY Change 17.95% 7.21%
Cash From Operating Activities $20.04B $19.59B
YoY Change -1050.97% 852.21%
INVESTING ACTIVITIES
Capital Expenditures $63.00M $700.0M
YoY Change -68.81% -27.91%
Acquisitions
YoY Change
Other Investing Activities $9.745B $287.0M
YoY Change -17.01% 111.03%
Cash From Investing Activities $9.682B $57.41B
YoY Change -16.1% 79.14%
FINANCING ACTIVITIES
Cash Dividend Paid $2.276B
YoY Change 7.87%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -153.0M -$61.25B
YoY Change -99.04% -10.88%
NET CHANGE
Cash From Operating Activities 20.04B $19.59B
Cash From Investing Activities 9.682B $57.41B
Cash From Financing Activities -153.0M -$61.25B
Net Change In Cash 29.57B $15.75B
YoY Change -553.05% -145.51%
FREE CASH FLOW
Cash From Operating Activities $20.04B $19.59B
Capital Expenditures $63.00M $700.0M
Free Cash Flow $19.97B $18.89B
YoY Change -965.05% 1639.13%

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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Certain prior period amounts have been reclassified to conform to the current period presentation. Beginning in 2023, Federal Home Loan Bank borrowings are presented separately from other short-term borrowings in the consolidated balance sheets. Prior period amounts have been reclassified to reflect these changes. Corresponding presentation changes have been made to the consolidated statements of cash flows and related notes also impacted.</span></div>
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