2023 Q4 Form 10-Q Financial Statement

#000007031823000055 Filed on October 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $5.379B $5.066B
YoY Change 7.8% 5.52%
Cost Of Revenue $931.0M $877.0M
YoY Change 8.26% 7.34%
Gross Profit $4.448B $4.189B
YoY Change 7.7% 5.15%
Gross Profit Margin 82.69% 82.69%
Selling, General & Admin $2.315B $2.288B
YoY Change 0.39% 2.6%
% of Gross Profit 52.05% 54.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $216.0M $224.0M
YoY Change 1.41% 7.18%
% of Gross Profit 4.86% 5.35%
Operating Expenses $3.727B $3.532B
YoY Change 4.96% 2.17%
Operating Profit $721.0M $568.0M
YoY Change 24.53% 7.78%
Interest Expense -$154.0M $227.0M
YoY Change 0.0% -232.75%
% of Operating Profit -21.36% 39.96%
Other Income/Expense, Net $11.00M $4.000M
YoY Change 175.0% -33.33%
Pretax Income $519.0M $345.0M
YoY Change 61.68% -9.21%
Income Tax $63.00M $79.00M
% Of Pretax Income 12.14% 22.9%
Net Earnings $244.0M $266.0M
YoY Change 139.22% 103.05%
Net Earnings / Revenue 4.54% 5.25%
Basic Earnings Per Share $0.99
Diluted Earnings Per Share $2.34 $0.94
COMMON SHARES
Basic Shares Outstanding 101.6M shares 101.5M shares
Diluted Shares Outstanding 104.4M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.228B $1.054B
YoY Change 43.12% -12.75%
Cash & Equivalents $1.228B $1.054B
Short-Term Investments
Other Short-Term Assets $2.614B $1.855B
YoY Change 47.27% 18.45%
Inventory $411.0M $413.0M
Prepaid Expenses $391.0M $392.0M
Receivables $2.914B $2.897B
Other Receivables $0.00 $534.0M
Total Short-Term Assets $7.167B $6.359B
YoY Change 19.83% 6.02%
LONG-TERM ASSETS
Property, Plant & Equipment $6.236B $6.260B
YoY Change -3.5% -0.49%
Goodwill $10.31B $10.42B
YoY Change 1.82% 4.37%
Intangibles $1.368B $1.400B
YoY Change -3.93% -2.85%
Long-Term Investments $3.157B $3.152B
YoY Change 97.44% -4.83%
Other Assets $77.00M $4.000M
YoY Change 305.26% -92.73%
Total Long-Term Assets $21.15B $21.23B
YoY Change -0.14% 0.73%
TOTAL ASSETS
Total Short-Term Assets $7.167B $6.359B
Total Long-Term Assets $21.15B $21.23B
Total Assets $28.31B $27.59B
YoY Change 4.26% 1.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.408B $1.202B
YoY Change -6.38% -3.06%
Accrued Expenses $1.130B $1.060B
YoY Change 14.03% 2.91%
Deferred Revenue $86.00M
YoY Change -22.52%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $120.0M $141.0M
YoY Change -17.24% 7.63%
Total Short-Term Liabilities $4.760B $4.432B
YoY Change 6.34% 3.65%
LONG-TERM LIABILITIES
Long-Term Debt $14.88B $14.90B
YoY Change -0.35% -0.41%
Other Long-Term Liabilities $2.836B $1.684B
YoY Change 58.7% -44.39%
Total Long-Term Liabilities $17.72B $1.684B
YoY Change 891.49% -90.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.760B $4.432B
Total Long-Term Liabilities $17.72B $1.684B
Total Liabilities $26.70B $22.41B
YoY Change 18.43% -13.28%
SHAREHOLDERS EQUITY
Retained Earnings -$192.0M -$436.0M
YoY Change -76.09% -51.82%
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 $1.608B $1.464B
YoY Change
Total Liabilities & Shareholders Equity $28.31B $27.59B
YoY Change 4.26% 1.9%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $244.0M $266.0M
YoY Change 139.22% 103.05%
Depreciation, Depletion And Amortization $216.0M $224.0M
YoY Change 1.41% 7.18%
Cash From Operating Activities $824.0M $503.0M
YoY Change 95.72% 59.68%
INVESTING ACTIVITIES
Capital Expenditures $208.0M $176.0M
YoY Change -28.28% -206.67%
Acquisitions
YoY Change
Other Investing Activities -$125.0M $7.000M
YoY Change 681.25% -105.11%
Cash From Investing Activities -$333.0M -$169.0M
YoY Change 8.82% -44.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -317.0M -214.0M
YoY Change -31.83% 37.18%
NET CHANGE
Cash From Operating Activities 824.0M 503.0M
Cash From Investing Activities -333.0M -169.0M
Cash From Financing Activities -317.0M -214.0M
Net Change In Cash 174.0M 120.0M
YoY Change -149.71% -183.92%
FREE CASH FLOW
Cash From Operating Activities $824.0M $503.0M
Capital Expenditures $208.0M $176.0M
Free Cash Flow $616.0M $327.0M
YoY Change 370.23% -31.88%

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