2024 Q1 Form 10-K Financial Statement

#000073271724000009 Filed on February 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023 Q3
Revenue $30.03B $32.02B $30.35B
YoY Change -0.37% 2.17% 1.02%
Cost Of Revenue $11.95B $13.91B $160.0M
YoY Change -3.06% 2.51% -98.69%
Gross Profit $18.07B $18.11B $30.19B
YoY Change 1.49% 1.91% 69.21%
Gross Profit Margin 60.19% 56.56% 99.47%
Selling, General & Admin $7.021B $7.485B $7.205B
YoY Change -2.15% -0.41% 0.04%
% of Gross Profit 38.85% 41.33% 23.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.047B $4.766B $4.705B
YoY Change 8.98% 3.72% 4.23%
% of Gross Profit 27.92% 26.32% 15.58%
Operating Expenses $7.021B $12.25B $7.205B
YoY Change -40.53% 1.16% -38.5%
Operating Profit $5.847B $5.860B $5.782B
YoY Change -2.58% 3.52% -5.62%
Interest Expense $1.724B -$1.389B $1.662B
YoY Change -247.35% 17.12% -261.67%
% of Operating Profit 29.49% -23.7% 28.74%
Other Income/Expense, Net -$978.0M -$870.0M -$802.0M
YoY Change -204.6% 74.35% -143.26%
Pretax Income $4.869B $2.936B $4.980B
YoY Change -15.57% -112.66% -31.35%
Income Tax $1.118B $354.0M $1.154B
% Of Pretax Income 22.96% 12.06% 23.17%
Net Earnings $3.445B $2.135B $3.495B
YoY Change -17.5% -109.06% -42.0%
Net Earnings / Revenue 11.47% 6.67% 11.52%
Basic Earnings Per Share $0.47 $0.48
Diluted Earnings Per Share $0.47 $0.30 $0.48
COMMON SHARES
Basic Shares Outstanding 7.153B shares 7.150B shares 7.149B shares
Diluted Shares Outstanding 7.193B shares 7.185B shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.520B $6.722B $7.540B
YoY Change 24.78% 81.63% 211.18%
Cash & Equivalents $3.520B $6.722B $7.540B
Short-Term Investments
Other Short-Term Assets $9.307B $17.27B $10.28B
YoY Change -33.89% 16.55% -29.34%
Inventory $2.127B $2.177B $2.520B
Prepaid Expenses $2.177B
Receivables $9.577B $10.29B $8.962B
Other Receivables $3.640B $3.843B $3.935B
Total Short-Term Assets $30.45B $36.46B $35.62B
YoY Change 1.81% 10.12% 10.3%
LONG-TERM ASSETS
Property, Plant & Equipment $148.5B $149.4B $149.5B
YoY Change -1.04% 0.09% 0.45%
Goodwill $67.85B $67.85B $67.85B
YoY Change -0.06% -0.06% -26.82%
Intangibles
YoY Change
Long-Term Investments $891.0M $1.251B $1.847B
YoY Change -68.29% -64.59% -53.41%
Other Assets $19.02B $19.60B $19.44B
YoY Change -6.51% -0.06% 0.01%
Total Long-Term Assets $369.0B $370.6B $371.1B
YoY Change -0.54% 0.23% -5.86%
TOTAL ASSETS
Total Short-Term Assets $30.45B $36.46B $35.62B
Total Long-Term Assets $369.0B $370.6B $371.1B
Total Assets $399.4B $407.1B $406.7B
YoY Change -0.36% 1.04% -4.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.97B $27.31B $31.12B
YoY Change -16.71% -35.96% -15.07%
Accrued Expenses $3.524B $3.538B
YoY Change -0.65% 2.02%
Deferred Revenue $3.713B $3.778B $3.703B
YoY Change -3.57%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.060B $9.477B $11.30B
YoY Change -48.68% 24.75% 14.2%
Total Short-Term Liabilities $44.83B $51.13B $51.68B
YoY Change -22.9% -8.98% -1.1%
LONG-TERM LIABILITIES
Long-Term Debt $125.7B $127.9B $126.7B
YoY Change 1.6% -0.44% 2.3%
Other Long-Term Liabilities $23.44B $23.70B $25.59B
YoY Change -56.07% -56.73% -52.89%
Total Long-Term Liabilities $23.44B $23.70B $25.59B
YoY Change -86.76% -87.06% -85.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $44.83B $51.13B $51.68B
Total Long-Term Liabilities $23.44B $23.70B $25.59B
Total Liabilities $68.28B $74.82B $77.28B
YoY Change -77.35% -75.5% -74.59%
SHAREHOLDERS EQUITY
Retained Earnings -$1.570B -$5.015B -$7.203B
YoY Change -89.66% -74.17% -217.56%
Common Stock $119.2B $122.1B $124.5B
YoY Change -7.15% -6.93% -4.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $15.28B $16.13B $16.15B
YoY Change -5.5% -5.58% -5.82%
Treasury Stock Shares
Shareholders Equity $104.5B $103.3B $103.7B
YoY Change
Total Liabilities & Shareholders Equity $399.4B $407.1B $406.7B
YoY Change -0.36% 1.04% -4.63%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $3.445B $2.135B $3.495B
YoY Change -17.5% -109.06% -42.0%
Depreciation, Depletion And Amortization $5.047B $4.766B $4.705B
YoY Change 8.98% 3.72% 4.23%
Cash From Operating Activities $7.547B $11.38B $10.34B
YoY Change 13.01% 10.33% 2.63%
INVESTING ACTIVITIES
Capital Expenditures $3.758B $4.601B $4.647B
YoY Change -13.31% -208.8% -178.48%
Acquisitions $211.0M
YoY Change -27.49%
Other Investing Activities $273.0M -$1.273B $102.0M
YoY Change -47.2% -413.55% -73.02%
Cash From Investing Activities -$2.961B -$5.874B -$4.545B
YoY Change -22.45% 53.65% -18.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $4.685B $155.0M $4.280B
YoY Change -21.19% -78.05% 2050.75%
Cash From Financing Activities -$7.815B -6.330B -7.754B
YoY Change 110.59% 21.94% 26.06%
NET CHANGE
Cash From Operating Activities $7.547B 11.38B 10.34B
Cash From Investing Activities -$2.961B -5.874B -4.545B
Cash From Financing Activities -$7.815B -6.330B -7.754B
Net Change In Cash -$3.229B -826.0M -1.963B
YoY Change 279.44% -163.59% 20.95%
FREE CASH FLOW
Cash From Operating Activities $7.547B $11.38B $10.34B
Capital Expenditures $3.758B $4.601B $4.647B
Free Cash Flow $3.789B $6.777B $5.689B
YoY Change 61.72% -53.4% -64.43%

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CY2023 dei Auditor Firm
AuditorFirmId
42

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