2022 Q1 Form 10-Q Financial Statement

#000010051722000024 Filed on April 21, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $7.566B $3.221B
YoY Change 134.9% -59.63%
Cost Of Revenue $3.875B $2.173B
YoY Change 78.32% -39.13%
Gross Profit $3.691B $1.048B
YoY Change 252.19% -76.23%
Gross Profit Margin 48.78% 32.54%
Selling, General & Admin $3.013B $2.309B
YoY Change 30.49% -28.95%
% of Gross Profit 81.63% 220.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $611.0M $623.0M
YoY Change -1.93% 1.3%
% of Gross Profit 16.55% 59.45%
Operating Expenses $5.075B $3.806B
YoY Change 33.34% -28.43%
Operating Profit -$1.376B -$1.381B
YoY Change -0.36% 42.08%
Interest Expense -$395.0M -$351.0M
YoY Change 12.54% -20.77%
% of Operating Profit
Other Income/Expense, Net -$376.0M -$370.0M
YoY Change 1.62% -67.6%
Pretax Income -$1.752B -$1.751B
YoY Change 0.06% -17.17%
Income Tax -$375.0M -$394.0M
% Of Pretax Income
Net Earnings -$1.377B -$1.357B
YoY Change 1.47% -20.36%
Net Earnings / Revenue -18.2% -42.13%
Basic Earnings Per Share -$4.24 -$4.29
Diluted Earnings Per Share -$4.24 -$4.29
COMMON SHARES
Basic Shares Outstanding 325.0M shares 316.6M shares
Diluted Shares Outstanding 325.0M shares 316.6M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.68B $12.98B
YoY Change 43.96% 148.52%
Cash & Equivalents $18.47B $12.67B
Short-Term Investments $211.0M $309.0M
Other Short-Term Assets $803.0M $737.0M
YoY Change 8.96% -10.34%
Inventory $1.068B $918.0M
Prepaid Expenses
Receivables $2.062B $1.389B
Other Receivables $0.00 $0.00
Total Short-Term Assets $22.61B $16.02B
YoY Change 41.16% 102.64%
LONG-TERM ASSETS
Property, Plant & Equipment $36.46B $36.43B
YoY Change 0.08% -0.64%
Goodwill $4.527B $4.527B
YoY Change 0.0% 0.09%
Intangibles $2.792B $2.840B
YoY Change -1.69% -3.57%
Long-Term Investments $177.0M $1.107B
YoY Change -84.01% 45.09%
Other Assets $9.966B $9.212B
YoY Change 8.18% 8.56%
Total Long-Term Assets $46.43B $45.64B
YoY Change 1.72% 1.09%
TOTAL ASSETS
Total Short-Term Assets $22.61B $16.02B
Total Long-Term Assets $46.43B $45.64B
Total Assets $69.04B $61.66B
YoY Change 11.96% 16.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.966B $1.838B
YoY Change 61.37% -24.55%
Accrued Expenses $2.546B $2.890B
YoY Change -11.9% 23.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.994B $1.783B
YoY Change 67.92% -56.03%
Total Short-Term Liabilities $21.79B $14.17B
YoY Change 53.79% -11.94%
LONG-TERM LIABILITIES
Long-Term Debt $29.67B $25.85B
YoY Change 14.76% 95.86%
Other Long-Term Liabilities $1.293B $1.298B
YoY Change -0.39% 10.09%
Total Long-Term Liabilities $30.96B $27.15B
YoY Change 14.04% 88.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.79B $14.17B
Total Long-Term Liabilities $30.96B $27.15B
Total Liabilities $52.75B $41.31B
YoY Change 27.67% 35.62%
SHAREHOLDERS EQUITY
Retained Earnings -$844.0M $1.239B
YoY Change -168.12% -84.5%
Common Stock $8.957B $8.927B
YoY Change 0.34% 46.37%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.552B $3.834B
YoY Change -7.36% -1.72%
Treasury Stock Shares
Shareholders Equity $3.624B $5.206B
YoY Change
Total Liabilities & Shareholders Equity $69.04B $61.66B
YoY Change 11.96% 16.22%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$1.377B -$1.357B
YoY Change 1.47% -20.36%
Depreciation, Depletion And Amortization $611.0M $623.0M
YoY Change -1.93% 1.3%
Cash From Operating Activities $1.476B $447.0M
YoY Change 230.2% 609.52%
INVESTING ACTIVITIES
Capital Expenditures -$402.0M -$444.0M
YoY Change -9.46% -77.34%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.000M
YoY Change -100.0% -200.0%
Cash From Investing Activities -$430.0M -$329.0M
YoY Change 30.7% -79.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$500.0M
YoY Change -241.64%
Debt Paid & Issued, Net $783.0M $569.0M
YoY Change 37.61% 124.9%
Cash From Financing Activities -$856.0M $1.278B
YoY Change -166.98% -41.62%
NET CHANGE
Cash From Operating Activities $1.476B $447.0M
Cash From Investing Activities -$430.0M -$329.0M
Cash From Financing Activities -$856.0M $1.278B
Net Change In Cash $190.0M $1.396B
YoY Change -86.39% 105.29%
FREE CASH FLOW
Cash From Operating Activities $1.476B $447.0M
Capital Expenditures -$402.0M -$444.0M
Free Cash Flow $1.878B $891.0M
YoY Change 110.77% -55.93%

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