2023 Q2 Form 10-Q Financial Statement

#000155837023007196 Filed on April 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $3.998B $4.160B
YoY Change -2.42% 3.82%
Cost Of Revenue $2.699B $2.876B
YoY Change -2.53% 7.72%
Gross Profit $1.299B $1.284B
YoY Change -2.18% -3.96%
Gross Profit Margin 32.49% 30.87%
Selling, General & Admin $431.0M $435.0M
YoY Change 9.67% 4.57%
% of Gross Profit 33.18% 33.88%
Research & Development $176.0M $185.0M
YoY Change -1.68% 0.0%
% of Gross Profit 13.55% 14.41%
Depreciation & Amortization $200.0M $207.0M
YoY Change -2.44% 6.7%
% of Gross Profit 15.4% 16.12%
Operating Expenses $608.0M $435.0M
YoY Change 54.71% 4.57%
Operating Profit $691.0M $537.0M
YoY Change -3.89% -23.83%
Interest Expense -$2.000M $20.00M
YoY Change -111.11% 11.11%
% of Operating Profit -0.29% 3.72%
Other Income/Expense, Net -$4.000M -$4.000M
YoY Change -200.0% -180.0%
Pretax Income $624.0M $525.0M
YoY Change -11.86% -24.57%
Income Tax $96.00M $100.0M
% Of Pretax Income 15.38% 19.05%
Net Earnings $528.0M $433.0M
YoY Change -11.11% -22.68%
Net Earnings / Revenue 13.21% 10.41%
Basic Earnings Per Share $1.68 $1.37
Diluted Earnings Per Share $1.67 $1.36
COMMON SHARES
Basic Shares Outstanding 315.1M 316.5M
Diluted Shares Outstanding 317.0M 318.0M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.131B $905.0M
YoY Change 37.93% 20.83%
Cash & Equivalents $1.131B $905.0M
Short-Term Investments
Other Short-Term Assets $719.0M $675.0M
YoY Change 19.24% 12.31%
Inventory $2.801B $2.811B
Prepaid Expenses
Receivables $2.998B $3.048B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.649B $7.439B
YoY Change 0.87% 0.3%
LONG-TERM ASSETS
Property, Plant & Equipment $3.781B $3.818B
YoY Change 1.86% 0.03%
Goodwill $5.528B $5.527B
YoY Change 3.29% 1.17%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.501B $786.0M
YoY Change 303.34% -7.2%
Total Long-Term Assets $14.05B $14.05B
YoY Change 2.08% 0.12%
TOTAL ASSETS
Total Short-Term Assets $7.649B $7.439B
Total Long-Term Assets $14.05B $14.05B
Total Assets $21.70B $21.49B
YoY Change 1.65% 0.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.616B $1.678B
YoY Change -15.7% -15.51%
Accrued Expenses $2.351B $2.429B
YoY Change 1.38% -0.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $291.0M $286.0M
YoY Change -64.6% -53.11%
Total Short-Term Liabilities $4.258B $4.393B
YoY Change -15.82% -12.94%
LONG-TERM LIABILITIES
Long-Term Debt $3.915B $3.916B
YoY Change 15.83% 13.8%
Other Long-Term Liabilities $1.861B $782.0M
YoY Change 141.37% -3.34%
Total Long-Term Liabilities $5.776B $4.698B
YoY Change 39.15% 10.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.258B $4.393B
Total Long-Term Liabilities $5.776B $4.698B
Total Liabilities $10.35B $10.36B
YoY Change -4.25% -4.93%
SHAREHOLDERS EQUITY
Retained Earnings $12.37B $11.82B
YoY Change 2.38% -2.76%
Common Stock $142.0M $142.0M
YoY Change -2.74% -4.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.35B $11.02B
YoY Change
Total Liabilities & Shareholders Equity $21.70B $21.49B
YoY Change 1.65% 0.18%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $528.0M $433.0M
YoY Change -11.11% -22.68%
Depreciation, Depletion And Amortization $200.0M $207.0M
YoY Change -2.44% 6.7%
Cash From Operating Activities $779.0M $634.0M
YoY Change 34.54% 53.51%
INVESTING ACTIVITIES
Capital Expenditures $166.0M $189.0M
YoY Change -180.98% -205.59%
Acquisitions
YoY Change
Other Investing Activities -$3.000M $50.00M
YoY Change -115.0% -1100.0%
Cash From Investing Activities -$169.0M -$139.0M
YoY Change -8.65% -24.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -380.0M -385.0M
YoY Change 19.5% -16.3%
NET CHANGE
Cash From Operating Activities 779.0M 634.0M
Cash From Investing Activities -169.0M -139.0M
Cash From Financing Activities -380.0M -385.0M
Net Change In Cash 230.0M 110.0M
YoY Change 202.63% -147.62%
FREE CASH FLOW
Cash From Operating Activities $779.0M $634.0M
Capital Expenditures $166.0M $189.0M
Free Cash Flow $613.0M $445.0M
YoY Change -21.81% -24.83%

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