2024 Q1 Form 10-Q Financial Statement

#000009212224000042 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q1
Revenue $6.646B
YoY Change 2.56%
Cost Of Revenue $934.0M
YoY Change -26.28%
Gross Profit $5.712B
YoY Change 9.57%
Gross Profit Margin 85.95%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.261B
YoY Change 2.27%
% of Gross Profit 22.08%
Operating Expenses $4.009B
YoY Change -0.69%
Operating Profit $1.703B
YoY Change 39.82%
Interest Expense -$620.0M
YoY Change 16.1%
% of Operating Profit -36.41%
Other Income/Expense, Net -$409.0M
YoY Change 27.02%
Pretax Income $1.294B
YoY Change 44.42%
Income Tax $223.0M
% Of Pretax Income 17.23%
Net Earnings $1.071B
YoY Change 34.04%
Net Earnings / Revenue 16.11%
Basic Earnings Per Share $1.03
Diluted Earnings Per Share $1.03
COMMON SHARES
Basic Shares Outstanding 1.091B shares
Diluted Shares Outstanding 1.100B shares

Balance Sheet

Concept 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $713.0M
YoY Change -32.29%
Cash & Equivalents $713.0M
Short-Term Investments
Other Short-Term Assets $763.0M
YoY Change 93.16%
Inventory $3.268B
Prepaid Expenses $474.0M
Receivables $2.113B
Other Receivables $512.0M
Total Short-Term Assets $10.54B
YoY Change 10.34%
LONG-TERM ASSETS
Property, Plant & Equipment $100.5B
YoY Change 5.06%
Goodwill $5.161B
YoY Change 0.0%
Intangibles $359.0M
YoY Change -9.57%
Long-Term Investments $1.395B
YoY Change -0.92%
Other Assets $1.578B
YoY Change 8.38%
Total Long-Term Assets $129.6B
YoY Change 3.5%
TOTAL ASSETS
Total Short-Term Assets $10.54B
Total Long-Term Assets $129.6B
Total Assets $140.1B
YoY Change 3.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.154B
YoY Change -8.92%
Accrued Expenses $1.888B
YoY Change 8.63%
Deferred Revenue
YoY Change
Short-Term Debt $2.445B
YoY Change -4.27%
Long-Term Debt Due $1.964B
YoY Change -54.99%
Total Short-Term Liabilities $11.46B
YoY Change -17.53%
LONG-TERM LIABILITIES
Long-Term Debt $59.36B
YoY Change 14.02%
Other Long-Term Liabilities $1.074B
YoY Change -3.94%
Total Long-Term Liabilities $1.074B
YoY Change -3.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.46B
Total Long-Term Liabilities $1.074B
Total Liabilities $104.5B
YoY Change 4.3%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $31.92B
YoY Change
Total Liabilities & Shareholders Equity $140.1B
YoY Change 3.98%

Cashflow Statement

Concept 2024 Q1
OPERATING ACTIVITIES
Net Income $1.071B
YoY Change 34.04%
Depreciation, Depletion And Amortization $1.261B
YoY Change 2.27%
Cash From Operating Activities $1.311B
YoY Change 55.33%
INVESTING ACTIVITIES
Capital Expenditures $1.770B
YoY Change -4.32%
Acquisitions
YoY Change
Other Investing Activities $111.0M
YoY Change 21.98%
Cash From Investing Activities -$2.385B
YoY Change 12.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $985.0M
YoY Change 116.96%
NET CHANGE
Cash From Operating Activities $1.311B
Cash From Investing Activities -$2.385B
Cash From Financing Activities $985.0M
Net Change In Cash -$89.00M
YoY Change -89.15%
FREE CASH FLOW
Cash From Operating Activities $1.311B
Capital Expenditures $1.770B
Free Cash Flow -$459.0M
YoY Change -54.37%

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<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Certain prior year data presented in the financial statements have been reclassified to conform to the current year presentation. These reclassifications had no impact on the overall results of operations, financial position, or cash flows of any Registrant.</span></div>
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