2022 Q2 Form 10-Q Financial Statement

#000001691822000143 Filed on June 30, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q2
Revenue $2.363B $2.103B $2.027B
YoY Change 16.61% 7.65% 3.21%
Cost Of Revenue $1.108B $969.9M $907.2M
YoY Change 22.16% 1.1% -6.96%
Gross Profit $1.255B $1.133B $1.119B
YoY Change 12.12% 13.98% 13.26%
Gross Profit Margin 53.11% 53.87% 55.23%
Selling, General & Admin $438.6M $473.0M $378.3M
YoY Change 15.94% 4.44% 7.08%
% of Gross Profit 34.95% 41.76% 33.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $93.70M $93.80M $77.20M
YoY Change 21.37% 17.4% 6.63%
% of Gross Profit 7.47% 8.28% 6.9%
Operating Expenses $438.6M $456.6M $378.3M
YoY Change 15.94% 3.12% 7.08%
Operating Profit $816.4M $676.0M $75.10M
YoY Change 987.08% 22.71% -87.69%
Interest Expense -$88.50M -$179.6M -$86.70M
YoY Change 2.08% 156.57% -13.3%
% of Operating Profit -10.84% -26.57% -115.45%
Other Income/Expense, Net
YoY Change
Pretax Income $524.7M $497.9M -$910.8M
YoY Change -157.61% 2.6% 1235.48%
Income Tax $125.4M $92.30M -$13.50M
% Of Pretax Income 23.9% 18.54%
Net Earnings $389.5M $395.4M -$908.1M
YoY Change -142.89% 3.26% 410.46%
Net Earnings / Revenue 16.48% 18.81% -44.81%
Basic Earnings Per Share
Diluted Earnings Per Share $1.833M $2.083M -$4.685M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $101.8M $199.4M $503.8M
YoY Change -79.79% -56.75% 66.27%
Cash & Equivalents $101.8M $199.4M $503.8M
Short-Term Investments
Other Short-Term Assets $664.1M $91.20M $508.9M
YoY Change 30.5% 14.57% -51.99%
Inventory $1.656B $1.573B $1.378B
Prepaid Expenses
Receivables $879.9M $899.0M $922.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.302B $3.330B $3.313B
YoY Change -0.33% 9.37% -2.45%
LONG-TERM ASSETS
Property, Plant & Equipment $6.163B $6.060B $5.392B
YoY Change 14.3% 4.09% 5.77%
Goodwill $7.915B $7.862B $7.809B
YoY Change 1.36% 0.88% 1.61%
Intangibles $2.766B $2.755B $2.732B
YoY Change 1.24% 0.85% -0.13%
Long-Term Investments $2.534B $2.689B $2.657B
YoY Change -4.62% -3.58% -7.94%
Other Assets $653.7M $617.3M $623.0M
YoY Change 4.93% 0.52% 10.46%
Total Long-Term Assets $22.54B $22.53B $22.88B
YoY Change -1.49% -6.38% 0.55%
TOTAL ASSETS
Total Short-Term Assets $3.302B $3.330B $3.313B
Total Long-Term Assets $22.54B $22.53B $22.88B
Total Assets $25.84B $25.86B $26.19B
YoY Change -1.34% -4.61% 0.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $874.6M $899.2M $821.1M
YoY Change 6.52% 95.48% 62.43%
Accrued Expenses $792.1M $871.3M $712.3M
YoY Change 11.2% 11.72% 0.01%
Deferred Revenue $32.00M
YoY Change 96.32%
Short-Term Debt $124.0M $323.0M $0.00
YoY Change
Long-Term Debt Due $575.1M $605.3M $529.4M
YoY Change 8.63% 1972.95% -0.99%
Total Short-Term Liabilities $2.366B $2.699B $2.063B
YoY Change 14.69% 112.65% 17.71%
LONG-TERM LIABILITIES
Long-Term Debt $10.28B $9.488B $9.915B
YoY Change 3.67% -8.88% -14.82%
Other Long-Term Liabilities $1.639B $150.1M $1.617B
YoY Change 1.32% 56.03% 17.1%
Total Long-Term Liabilities $10.28B $9.638B $9.915B
YoY Change 3.67% -8.29% -14.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.366B $2.699B $2.063B
Total Long-Term Liabilities $10.28B $9.638B $9.915B
Total Liabilities $14.28B $13.81B $13.59B
YoY Change 5.06% 4.8% -7.97%
SHAREHOLDERS EQUITY
Retained Earnings $14.75B $14.51B $14.06B
YoY Change 4.85% -4.05% 5.16%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.176B $4.172B $3.187B
YoY Change 62.41% 49.54% 13.36%
Treasury Stock Shares
Shareholders Equity $11.23B $11.73B $12.26B
YoY Change
Total Liabilities & Shareholders Equity $25.84B $25.86B $26.19B
YoY Change -1.34% -4.61% 0.16%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q2
OPERATING ACTIVITIES
Net Income $389.5M $395.4M -$908.1M
YoY Change -142.89% 3.26% 410.46%
Depreciation, Depletion And Amortization $93.70M $93.80M $77.20M
YoY Change 21.37% 17.4% 6.63%
Cash From Operating Activities $758.2M $261.3M $716.0M
YoY Change 5.89% -41.0% 4.3%
INVESTING ACTIVITIES
Capital Expenditures $196.6M -$428.1M $113.9M
YoY Change 72.61% 7.86% -21.01%
Acquisitions $37.20M $0.00
YoY Change
Other Investing Activities -$500.0K $66.50M $0.00
YoY Change -93.02% -100.0%
Cash From Investing Activities -$226.8M -$361.6M -$116.6M
YoY Change 94.51% -165.12% -61.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.008B $400.8M
YoY Change 151.4%
Debt Paid & Issued, Net $1.085B $7.400M
YoY Change 14558.11% -99.23%
Cash From Financing Activities -$627.2M -61.60M -$556.5M
YoY Change 12.7% -91.1% 229.29%
NET CHANGE
Cash From Operating Activities $758.2M 261.3M $716.0M
Cash From Investing Activities -$226.8M -361.6M -$116.6M
Cash From Financing Activities -$627.2M -61.60M -$556.5M
Net Change In Cash -$97.60M -161.9M $43.20M
YoY Change -325.93% -152.86% -80.49%
FREE CASH FLOW
Cash From Operating Activities $758.2M $261.3M $716.0M
Capital Expenditures $196.6M -$428.1M $113.9M
Free Cash Flow $561.6M $689.4M $602.1M
YoY Change -6.73% -17.91% 11.03%

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