2024 Q2 Form 10-Q Financial Statement

#000007031824000032 Filed on April 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $5.103B $5.368B
YoY Change 0.41% 6.91%
Cost Of Revenue $908.0M $928.0M
YoY Change 1.91% 4.15%
Gross Profit $4.195B $4.440B
YoY Change 0.1% 7.51%
Gross Profit Margin 82.21% 82.71%
Selling, General & Admin $2.168B $2.321B
YoY Change -5.12% 2.79%
% of Gross Profit 51.68% 52.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $208.0M $208.0M
YoY Change -2.35% -4.15%
% of Gross Profit 4.96% 4.68%
Operating Expenses $3.524B $3.613B
YoY Change 0.0% 3.91%
Operating Profit $671.0M $827.0M
YoY Change 0.6% 37.15%
Interest Expense -$142.0M -$159.0M
YoY Change -17.44% -171.95%
% of Operating Profit -21.16% -19.23%
Other Income/Expense, Net $29.00M $25.00M
YoY Change 383.33% -1350.0%
Pretax Income $587.0M $3.084B
YoY Change 57.37% 711.58%
Income Tax $110.0M $750.0M
% Of Pretax Income 18.74% 24.32%
Net Earnings $259.0M $2.151B
YoY Change 110.57% 626.69%
Net Earnings / Revenue 5.08% 40.07%
Basic Earnings Per Share $2.66 $21.60
Diluted Earnings Per Share $2.63 $21.38
COMMON SHARES
Basic Shares Outstanding 97.68M shares 100.0M shares
Diluted Shares Outstanding 98.44M shares 100.6M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.880B $2.481B
YoY Change 208.35% 223.89%
Cash & Equivalents $2.880B $2.481B
Short-Term Investments
Other Short-Term Assets $1.876B $1.048B
YoY Change 64.71% -37.28%
Inventory $382.0M $395.0M
Prepaid Expenses $379.0M $375.0M
Receivables $2.817B $3.342B
Other Receivables $0.00 $555.0M
Total Short-Term Assets $7.955B $7.821B
YoY Change 32.69% 33.26%
LONG-TERM ASSETS
Property, Plant & Equipment $5.857B $5.855B
YoY Change -6.56% -7.34%
Goodwill $10.80B $10.57B
YoY Change 4.34% 3.02%
Intangibles $1.413B $1.399B
YoY Change 0.5% -2.3%
Long-Term Investments $3.156B $3.244B
YoY Change 0.83% 2.17%
Other Assets $85.00M $20.00M
YoY Change 962.5% 42.86%
Total Long-Term Assets $21.31B $21.09B
YoY Change 0.7% -0.53%
TOTAL ASSETS
Total Short-Term Assets $7.955B $7.821B
Total Long-Term Assets $21.31B $21.09B
Total Assets $29.27B $28.91B
YoY Change 7.76% 6.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.270B $1.335B
YoY Change 1.93% 12.0%
Accrued Expenses $937.0M $1.024B
YoY Change 2.18% 20.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $102.0M $107.0M
YoY Change -27.66% -27.7%
Total Short-Term Liabilities $5.493B $5.416B
YoY Change 32.3% 28.37%
LONG-TERM LIABILITIES
Long-Term Debt $12.77B $12.77B
YoY Change -14.34% -14.48%
Other Long-Term Liabilities $2.889B $2.817B
YoY Change 1.23% 61.16%
Total Long-Term Liabilities $15.66B $15.59B
YoY Change -11.84% 791.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.493B $5.416B
Total Long-Term Liabilities $15.66B $15.59B
Total Liabilities $25.79B $25.45B
YoY Change -0.09% 14.34%
SHAREHOLDERS EQUITY
Retained Earnings $2.218B $1.959B
YoY Change -513.04% -396.82%
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 $3.475B $3.453B
YoY Change
Total Liabilities & Shareholders Equity $29.27B $28.91B
YoY Change 7.76% 6.8%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $259.0M $2.151B
YoY Change 110.57% 626.69%
Depreciation, Depletion And Amortization $208.0M $208.0M
YoY Change -2.35% -4.15%
Cash From Operating Activities $747.0M $586.0M
YoY Change 24.92% 30.51%
INVESTING ACTIVITIES
Capital Expenditures $145.0M $240.0M
YoY Change 9.85% 2.13%
Acquisitions $449.0M
YoY Change 835.42%
Other Investing Activities -$49.00M $3.568B
YoY Change 0.0% 50871.43%
Cash From Investing Activities -$194.0M $3.328B
YoY Change 7.18% -1263.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -154.0M -2.661B
YoY Change -38.15% 943.53%
NET CHANGE
Cash From Operating Activities 747.0M 586.0M
Cash From Investing Activities -194.0M 3.328B
Cash From Financing Activities -154.0M -2.661B
Net Change In Cash 399.0M 1.253B
YoY Change 137.5% -1461.96%
FREE CASH FLOW
Cash From Operating Activities $747.0M $586.0M
Capital Expenditures $145.0M $240.0M
Free Cash Flow $602.0M $346.0M
YoY Change 29.18% 61.68%

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