2023 Q3 Form 10-Q Financial Statement

#000160171223000202 Filed on July 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue
YoY Change
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 $116.0M $113.0M
YoY Change 10.48% 6.6%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $992.0M $901.0M
YoY Change 139.61% 231.25%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $833.0M $742.0M
YoY Change -9.65% -30.39%
Income Tax $205.0M $173.0M
% Of Pretax Income 24.61% 23.32%
Net Earnings $628.0M $559.0M
YoY Change -10.67% -30.47%
Net Earnings / Revenue
Basic Earnings Per Share $1.49 $1.32
Diluted Earnings Per Share $1.48 $1.32
COMMON SHARES
Basic Shares Outstanding 418.2M shares 428.6M shares
Diluted Shares Outstanding 418.4M shares 424.2M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $15.64B $12.71B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $1.105B $1.105B
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $112.9B $108.7B
YoY Change 12.08% 14.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $5.875B $5.321B
YoY Change 16.82% 7.69%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.875B $5.321B
YoY Change 16.82% 7.69%
LONG-TERM LIABILITIES
Long-Term Debt $15.23B $14.23B
YoY Change 6.35% 17.06%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $15.23B $14.23B
YoY Change 6.35% 17.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.875B $5.321B
Total Long-Term Liabilities $15.23B $14.23B
Total Liabilities $99.17B $95.32B
YoY Change 13.01% 16.51%
SHAREHOLDERS EQUITY
Retained Earnings $18.34B $17.83B
YoY Change 12.84% 13.71%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $14.96B $14.81B
YoY Change 11.04% 18.18%
Treasury Stock Shares
Shareholders Equity $13.77B $13.38B
YoY Change
Total Liabilities & Shareholders Equity $112.9B $108.7B
YoY Change 12.08% 14.18%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $628.0M $559.0M
YoY Change -10.67% -30.47%
Depreciation, Depletion And Amortization $116.0M $113.0M
YoY Change 10.48% 6.6%
Cash From Operating Activities $2.482B $1.908B
YoY Change 51.9% 5.01%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$2.568B -$5.189B
YoY Change -38.0% 393.25%
Cash From Investing Activities -$2.568B -$5.189B
YoY Change -38.0% 393.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.031B 216.0M
YoY Change -36.58% -124.03%
NET CHANGE
Cash From Operating Activities 2.482B 1.908B
Cash From Investing Activities -2.568B -5.189B
Cash From Financing Activities 3.031B 216.0M
Net Change In Cash 2.945B -3.065B
YoY Change 29.68% 2187.31%
FREE CASH FLOW
Cash From Operating Activities $2.482B $1.908B
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<div style="margin-top:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Interim Period Presentation</span></div><div style="margin-bottom:12pt;margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The condensed consolidated financial statements and notes thereto are unaudited. These statements include all adjustments (consisting of normal recurring accruals) that we considered necessary to present a fair statement of our results of operations, financial position and cash flows. The results reported in these condensed consolidated financial statements should not be considered as necessarily indicative of results that may be expected for the entire year. These condensed consolidated financial statements should be read in conjunction with our 2022 annual consolidated financial statements and the related notes in our Annual Report on Form 10-K for the year ended December 31, 2022 (our "2022 Form 10-K").</span></div>
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CY2023Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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CY2022Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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CY2023Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
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us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
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us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
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CY2022Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
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us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
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CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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CY2023Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Cumulative Amount
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CY2023Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Cumulative Amount
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CY2023Q2 us-gaap Net Income Loss
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CY2022Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2022Q2 us-gaap Preferred Stock Dividends Income Statement Impact
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us-gaap Preferred Stock Dividends Income Statement Impact
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us-gaap Preferred Stock Dividends Income Statement Impact
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CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q2 us-gaap Unrecognized Tax Benefits
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CY2023Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2023Q2 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
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