2022 Q4 Form 10-Q Financial Statement

#000007031822000051 Filed on October 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $4.990B $4.801B
YoY Change 2.76% -1.9%
Cost Of Revenue $860.0M $817.0M
YoY Change 2.63% -1.21%
Gross Profit $4.130B $3.984B
YoY Change 2.79% -2.04%
Gross Profit Margin 82.77% 82.98%
Selling, General & Admin $2.306B $2.230B
YoY Change 5.39% 0.95%
% of Gross Profit 55.84% 55.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $213.0M $209.0M
YoY Change 5.97% 0.0%
% of Gross Profit 5.16% 5.25%
Operating Expenses $3.551B $3.457B
YoY Change 3.89% -0.35%
Operating Profit $579.0M $527.0M
YoY Change -3.5% -48.03%
Interest Expense -$154.0M -$171.0M
YoY Change 6.94% -175.33%
% of Operating Profit -26.6% -32.45%
Other Income/Expense, Net $4.000M $6.000M
YoY Change -300.0% -14.29%
Pretax Income $321.0M $380.0M
YoY Change -39.2% -50.9%
Income Tax $47.00M $112.0M
% Of Pretax Income 14.64% 29.47%
Net Earnings $102.0M $131.0M
YoY Change -59.04% -77.34%
Net Earnings / Revenue 2.04% 2.73%
Basic Earnings Per Share $1.21
Diluted Earnings Per Share $0.96 $1.192M
COMMON SHARES
Basic Shares Outstanding 108.1M shares 107.9M shares
Diluted Shares Outstanding 109.9M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $858.0M $1.208B
YoY Change -63.71% -47.29%
Cash & Equivalents $858.0M $1.208B
Short-Term Investments
Other Short-Term Assets $1.775B $1.566B
YoY Change 14.0% 4.75%
Inventory $405.0M $394.0M
Prepaid Expenses $400.0M $358.0M
Receivables $2.943B $2.826B
Other Receivables $0.00 $4.000M
Total Short-Term Assets $5.981B $5.998B
YoY Change -15.46% -13.14%
LONG-TERM ASSETS
Property, Plant & Equipment $6.462B $6.291B
YoY Change 0.54% 2.09%
Goodwill $10.12B $9.979B
YoY Change 9.31% 15.2%
Intangibles $1.424B $1.441B
YoY Change -4.88% -2.64%
Long-Term Investments $1.599B $3.312B
YoY Change -11.46% 29.17%
Other Assets $19.00M $55.00M
YoY Change -70.77% -60.71%
Total Long-Term Assets $21.18B $21.08B
YoY Change 3.27% 10.89%
TOTAL ASSETS
Total Short-Term Assets $5.981B $5.998B
Total Long-Term Assets $21.18B $21.08B
Total Assets $27.16B $27.08B
YoY Change -1.53% 4.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.504B $1.240B
YoY Change 15.69% 12.73%
Accrued Expenses $991.0M $1.030B
YoY Change -9.83% -22.73%
Deferred Revenue $110.0M $111.0M
YoY Change -88.53% -90.89%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $145.0M $131.0M
YoY Change 7.41% 4.8%
Total Short-Term Liabilities $4.476B $4.276B
YoY Change -12.39% -20.51%
LONG-TERM LIABILITIES
Long-Term Debt $14.93B $14.96B
YoY Change -3.72% 6.8%
Other Long-Term Liabilities $1.787B $3.028B
YoY Change 24.18% 90.2%
Total Long-Term Liabilities $1.787B $17.99B
YoY Change 24.18% 1030.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.476B $4.276B
Total Long-Term Liabilities $1.787B $17.99B
Total Liabilities $22.55B $25.84B
YoY Change -3.32% 16.24%
SHAREHOLDERS EQUITY
Retained Earnings -$803.0M -$905.0M
YoY Change -33.86% -38.14%
Common Stock $8.000M $8.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.142B $1.235B
YoY Change
Total Liabilities & Shareholders Equity $27.16B $27.08B
YoY Change -1.53% 4.49%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $102.0M $131.0M
YoY Change -59.04% -77.34%
Depreciation, Depletion And Amortization $213.0M $209.0M
YoY Change 5.97% 0.0%
Cash From Operating Activities $421.0M $315.0M
YoY Change 17.93% -27.08%
INVESTING ACTIVITIES
Capital Expenditures $290.0M -$165.0M
YoY Change -195.39% -248.65%
Acquisitions
YoY Change
Other Investing Activities -$16.00M -$137.0M
YoY Change -98.68% -112.36%
Cash From Investing Activities -$306.0M -$302.0M
YoY Change -79.82% -130.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -465.0M -156.0M
YoY Change -137.77% -88.28%
NET CHANGE
Cash From Operating Activities 421.0M 315.0M
Cash From Investing Activities -306.0M -302.0M
Cash From Financing Activities -465.0M -156.0M
Net Change In Cash -350.0M -143.0M
YoY Change -586.11% -245.92%
FREE CASH FLOW
Cash From Operating Activities $421.0M $315.0M
Capital Expenditures $290.0M -$165.0M
Free Cash Flow $131.0M $480.0M
YoY Change -80.18% 49.53%

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WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
6.13
CY2021Q4 us-gaap Assets
Assets
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CY2022Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
165000000 usd
us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain Or Loss
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss
0 usd
us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain Or Loss
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss
1000000 usd
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
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CY2022Q3 us-gaap Assets
Assets
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CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
354000000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4801000000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14629000000 usd
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
51000000 usd
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
45000000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
151000000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
141000000 usd
CY2022Q3 thc Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
841000000 usd
CY2021Q3 thc Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
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thc Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
2572000000 usd
thc Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
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CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
209000000 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
209000000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
628000000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
654000000 usd
CY2022Q3 thc Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
841000000 usd
CY2021Q3 thc Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
855000000 usd
thc Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
2572000000 usd
thc Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
2466000000 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
209000000 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
209000000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
628000000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
654000000 usd
CY2022Q3 thc Restructuring Settlement Impairment Provisions And Acquisition Cost
RestructuringSettlementImpairmentProvisionsAndAcquisitionCost
24000000 usd
CY2021Q3 thc Restructuring Settlement Impairment Provisions And Acquisition Cost
RestructuringSettlementImpairmentProvisionsAndAcquisitionCost
15000000 usd
thc Restructuring Settlement Impairment Provisions And Acquisition Cost
RestructuringSettlementImpairmentProvisionsAndAcquisitionCost
97000000 usd
thc Restructuring Settlement Impairment Provisions And Acquisition Cost
RestructuringSettlementImpairmentProvisionsAndAcquisitionCost
55000000 usd
CY2022Q3 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-12000000 usd
CY2021Q3 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-29000000 usd
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-50000000 usd
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-64000000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
222000000 usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
227000000 usd
us-gaap Interest Expense
InterestExpense
671000000 usd
us-gaap Interest Expense
InterestExpense
702000000 usd
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-20000000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-109000000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-74000000 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6000000 usd
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7000000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6000000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16000000 usd
CY2022Q3 thc Net Gains Losses On Sale Consolidation And Deconsolidation Of Facilities
NetGainsLossesOnSaleConsolidationAndDeconsolidationOfFacilities
0 usd
CY2021Q3 thc Net Gains Losses On Sale Consolidation And Deconsolidation Of Facilities
NetGainsLossesOnSaleConsolidationAndDeconsolidationOfFacilities
412000000 usd
thc Net Gains Losses On Sale Consolidation And Deconsolidation Of Facilities
NetGainsLossesOnSaleConsolidationAndDeconsolidationOfFacilities
0 usd
thc Net Gains Losses On Sale Consolidation And Deconsolidation Of Facilities
NetGainsLossesOnSaleConsolidationAndDeconsolidationOfFacilities
427000000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
380000000 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
774000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1023000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1360000000 usd

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