2023 Q1 Form 10-K Financial Statement

#000008812123000020 Filed on February 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $2.895B $11.24B
YoY Change 27.2% 21.82%
Cost Of Revenue $2.648B $10.21B
YoY Change 27.55% 21.42%
Gross Profit $247.0M $1.030B
YoY Change 23.5% 25.92%
Gross Profit Margin 8.53% 9.16%
Selling, General & Admin $92.00M $373.0M
YoY Change 4.55% 3.61%
% of Gross Profit 37.25% 36.21%
Research & Development $210.0M
YoY Change 9.95%
% of Gross Profit 20.39%
Depreciation & Amortization $61.00M $235.0M
YoY Change 38.64% 32.02%
% of Gross Profit 24.7% 22.82%
Operating Expenses $92.00M $583.0M
YoY Change 4.55% 5.81%
Operating Profit $155.0M $657.0M
YoY Change 38.39% 43.45%
Interest Expense $13.00M $40.00M
YoY Change 18.18% 207.69%
% of Operating Profit 8.39% 6.09%
Other Income/Expense, Net -$10.00M -$78.00M
YoY Change 25.0% -143.82%
Pretax Income $145.0M $579.0M
YoY Change 39.42% -8.96%
Income Tax -$1.000M -$3.000M
% Of Pretax Income -0.69% -0.52%
Net Earnings $146.0M $582.0M
YoY Change 55.32% 1.93%
Net Earnings / Revenue 5.04% 5.18%
Basic Earnings Per Share $125.80 $499.70
Diluted Earnings Per Share $125.8M $499.70
COMMON SHARES
Basic Shares Outstanding 1.161M 1.161M 1.161M
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.093B $1.285B
YoY Change -30.74% -13.82%
Cash & Equivalents $70.00M $199.0M
Short-Term Investments $1.023B $1.086B
Other Short-Term Assets $162.0M $139.0M
YoY Change 23.66% 6.11%
Inventory $1.816B $1.670B
Prepaid Expenses
Receivables $884.0M $752.0M
Other Receivables $0.00 $171.0M
Total Short-Term Assets $3.955B $4.017B
YoY Change -2.27% -0.74%
LONG-TERM ASSETS
Property, Plant & Equipment $2.630B $2.691B
YoY Change 15.05% 12.69%
Goodwill $159.0M
YoY Change -2.45%
Intangibles
YoY Change
Long-Term Investments $903.0M $753.0M
YoY Change 37.65% 15.67%
Other Assets $283.0M $256.0M
YoY Change 11.42% 22.49%
Total Long-Term Assets $3.789B $3.885B
YoY Change 9.64% 12.41%
TOTAL ASSETS
Total Short-Term Assets $3.955B $4.017B
Total Long-Term Assets $3.789B $3.885B
Total Assets $7.744B $7.902B
YoY Change 3.21% 5.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $421.0M $429.0M
YoY Change 4.21% 6.19%
Accrued Expenses $155.0M $375.0M
YoY Change 3.33% 0.27%
Deferred Revenue $124.0M
YoY Change 14.81%
Short-Term Debt $490.0M $457.0M
YoY Change 4.93% -11.43%
Long-Term Debt Due $56.00M $56.00M
YoY Change 600.0% 80.65%
Total Short-Term Liabilities $1.598B $1.529B
YoY Change 2.96% -1.48%
LONG-TERM LIABILITIES
Long-Term Debt $703.0M $845.0M
YoY Change -0.71% 4.06%
Other Long-Term Liabilities $393.0M $514.0M
YoY Change 12.29% -15.18%
Total Long-Term Liabilities $1.375B $1.359B
YoY Change -9.36% -4.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.598B $1.529B
Total Long-Term Liabilities $1.375B $1.359B
Total Liabilities $2.973B $2.906B
YoY Change -3.13% -5.86%
SHAREHOLDERS EQUITY
Retained Earnings $5.197B
YoY Change 7.22%
Common Stock $1.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.752B $4.996B
YoY Change
Total Liabilities & Shareholders Equity $7.744B $7.902B
YoY Change 3.21% 5.32%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $146.0M $582.0M
YoY Change 55.32% 1.93%
Depreciation, Depletion And Amortization $61.00M $235.0M
YoY Change 38.64% 32.02%
Cash From Operating Activities $260.0M $676.0M
YoY Change 58.54% 634.78%
INVESTING ACTIVITIES
Capital Expenditures -$94.00M $474.0M
YoY Change -6.93% 3.04%
Acquisitions $58.00M
YoY Change 728.57%
Other Investing Activities -$112.0M $4.000M
YoY Change 49.33% -157.14%
Cash From Investing Activities -$206.0M -$437.0M
YoY Change 17.05% 44.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $8.000M
YoY Change -85.45%
Cash From Financing Activities -80.00M -116.0M
YoY Change 321.05% -154.46%
NET CHANGE
Cash From Operating Activities 260.0M 676.0M
Cash From Investing Activities -206.0M -437.0M
Cash From Financing Activities -80.00M -116.0M
Net Change In Cash -26.00M 124.0M
YoY Change -16.13% -12500.0%
FREE CASH FLOW
Cash From Operating Activities $260.0M $676.0M
Capital Expenditures -$94.00M $474.0M
Free Cash Flow $354.0M $202.0M
YoY Change 33.58% -154.89%

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