2024 Q3 Form 10-Q Financial Statement

#000103220824000026 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $2.776B $3.011B
YoY Change -16.74% -9.72%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $614.0M $603.0M
YoY Change 9.06% 9.84%
% of Gross Profit
Operating Expenses $2.330B $2.439B
YoY Change -14.37% -4.09%
Operating Profit
YoY Change
Interest Expense -$311.0M $311.0M
YoY Change -199.68% -206.14%
% of Operating Profit
Other Income/Expense, Net $65.00M $30.00M
YoY Change 2066.67% 25.0%
Pretax Income $332.0M $468.0M
YoY Change -27.19% -10.52%
Income Tax -$105.0M -$130.0M
% Of Pretax Income -31.63% -27.78%
Net Earnings $649.0M $725.0M
YoY Change -24.0% 20.23%
Net Earnings / Revenue 23.38% 24.08%
Basic Earnings Per Share $1.01 $1.13
Diluted Earnings Per Share $1.00 $1.12
COMMON SHARES
Basic Shares Outstanding 633.1M shares 632.8M shares
Diluted Shares Outstanding 638.1M shares 636.3M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $560.0M $228.0M
YoY Change -51.26% -78.83%
Cash & Equivalents $560.0M $228.0M
Short-Term Investments
Other Short-Term Assets $41.00M $39.00M
YoY Change -32.79% -95.29%
Inventory $519.0M $467.0M
Prepaid Expenses $314.0M $173.0M
Receivables $1.716B $1.552B
Other Receivables $14.00M $7.000M
Total Short-Term Assets $5.099B $4.378B
YoY Change -3.97% -9.68%
LONG-TERM ASSETS
Property, Plant & Equipment $60.16B $58.40B
YoY Change 11.63% 11.87%
Goodwill $1.602B $1.602B
YoY Change 0.0% 0.0%
Intangibles $299.0M $305.0M
YoY Change -7.72% -7.85%
Long-Term Investments $15.16B $14.81B
YoY Change 7.15% -12.26%
Other Assets $1.706B $1.857B
YoY Change -8.96% -72.97%
Total Long-Term Assets $88.65B $86.10B
YoY Change 10.23% 10.55%
TOTAL ASSETS
Total Short-Term Assets $5.099B $4.378B
Total Long-Term Assets $88.65B $86.10B
Total Assets $93.75B $90.47B
YoY Change 9.35% 9.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.966B $1.756B
YoY Change -12.19% -2.17%
Accrued Expenses $541.0M $378.0M
YoY Change 9.07% 3.85%
Deferred Revenue
YoY Change
Short-Term Debt $2.187B $2.197B
YoY Change 10.62% -12.54%
Long-Term Debt Due $1.212B $1.711B
YoY Change 24.44% 85.17%
Total Short-Term Liabilities $9.843B $9.540B
YoY Change 12.3% 12.89%
LONG-TERM LIABILITIES
Long-Term Debt $30.96B $28.97B
YoY Change 11.77% 5.25%
Other Long-Term Liabilities $347.0M $302.0M
YoY Change 14.52% -97.17%
Total Long-Term Liabilities $347.0M $302.0M
YoY Change 14.52% -99.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.843B $9.540B
Total Long-Term Liabilities $347.0M $302.0M
Total Liabilities $10.19B $9.842B
YoY Change 12.37% -82.06%
SHAREHOLDERS EQUITY
Retained Earnings $16.71B $16.46B
YoY Change 8.69% 9.56%
Common Stock $12.29B $12.25B
YoY Change 2.11% 1.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $29.70B $29.48B
YoY Change
Total Liabilities & Shareholders Equity $93.75B $90.47B
YoY Change 9.35% 9.36%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $649.0M $725.0M
YoY Change -24.0% 20.23%
Depreciation, Depletion And Amortization $614.0M $603.0M
YoY Change 9.06% 9.84%
Cash From Operating Activities $1.022B $669.0M
YoY Change -26.58% -61.92%
INVESTING ACTIVITIES
Capital Expenditures $2.192B $2.101B
YoY Change 13.46% -18.97%
Acquisitions
YoY Change
Other Investing Activities $64.00M $40.00M
YoY Change 30.61% -40.3%
Cash From Investing Activities -$2.128B -$2.061B
YoY Change 13.01% -18.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.448B 918.0M
YoY Change 95.41% -29.71%
NET CHANGE
Cash From Operating Activities 1.022B 669.0M
Cash From Investing Activities -2.128B -2.061B
Cash From Financing Activities 1.448B 918.0M
Net Change In Cash 342.0M -474.0M
YoY Change 36.8% -188.27%
FREE CASH FLOW
Cash From Operating Activities $1.022B $669.0M
Capital Expenditures $2.192B $2.101B
Free Cash Flow -$1.170B -$1.432B
YoY Change 116.67% 71.29%

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