2023 Q2 Form 10-Q Financial Statement

#000010051723000116 Filed on April 20, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $14.18B $11.43B
YoY Change 17.06% 51.06%
Cost Of Revenue $4.919B $5.264B
YoY Change -12.78% 35.85%
Gross Profit $9.259B $6.165B
YoY Change 43.06% 67.03%
Gross Profit Margin 65.31% 53.94%
Selling, General & Admin $4.197B $3.725B
YoY Change 29.98% 23.63%
% of Gross Profit 45.33% 60.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $669.0M $655.0M
YoY Change 9.49% 7.2%
% of Gross Profit 7.23% 10.62%
Operating Expenses $6.883B $6.194B
YoY Change 25.56% 22.05%
Operating Profit $2.376B -$43.00M
YoY Change 170.62% -96.88%
Interest Expense -$151.0M -$254.0M
YoY Change -62.72% -35.7%
% of Operating Profit -6.36%
Other Income/Expense, Net $21.00M -$213.0M
YoY Change -105.01% -43.35%
Pretax Income $1.387B -$256.0M
YoY Change 202.18% -85.39%
Income Tax $312.0M -$62.00M
% Of Pretax Income 22.49%
Net Earnings $1.075B -$194.0M
YoY Change 226.75% -85.91%
Net Earnings / Revenue 7.58% -1.7%
Basic Earnings Per Share $3.28 -$0.59
Diluted Earnings Per Share $3.24 -$0.59
COMMON SHARES
Basic Shares Outstanding 328.0M shares 327.1M shares
Diluted Shares Outstanding 331.5M shares 327.4M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.14B $17.16B
YoY Change -4.67% -8.15%
Cash & Equivalents $9.605B $7.634B
Short-Term Investments $9.533B $9.522B
Other Short-Term Assets $874.0M $960.0M
YoY Change -5.62% 19.55%
Inventory $1.290B $1.196B
Prepaid Expenses
Receivables $2.004B $2.274B
Other Receivables $0.00 $0.00
Total Short-Term Assets $23.31B $21.59B
YoY Change -4.37% -4.54%
LONG-TERM ASSETS
Property, Plant & Equipment $41.12B $39.86B
YoY Change 13.31% 9.31%
Goodwill $4.527B $4.527B
YoY Change 0.0% 0.0%
Intangibles $2.744B $2.753B
YoY Change -1.37% -1.4%
Long-Term Investments $1.403B $208.0M
YoY Change 688.2% 17.51%
Other Assets $238.0M $8.975B
YoY Change -97.55% -9.94%
Total Long-Term Assets $50.04B $48.83B
YoY Change 8.75% 5.18%
TOTAL ASSETS
Total Short-Term Assets $23.31B $21.59B
Total Long-Term Assets $50.04B $48.83B
Total Assets $73.34B $70.42B
YoY Change 4.21% 2.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.172B $3.858B
YoY Change 11.11% 30.07%
Accrued Expenses $3.794B $2.580B
YoY Change 52.61% 1.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.805B $3.206B
YoY Change 26.33% 7.08%
Total Short-Term Liabilities $25.58B $23.64B
YoY Change 9.09% 8.48%
LONG-TERM LIABILITIES
Long-Term Debt $26.86B $27.46B
YoY Change -7.94% -7.43%
Other Long-Term Liabilities $13.07B $1.386B
YoY Change 907.71% 7.19%
Total Long-Term Liabilities $39.93B $28.85B
YoY Change 31.03% -6.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.58B $23.64B
Total Long-Term Liabilities $39.93B $28.85B
Total Liabilities $65.64B $52.48B
YoY Change 21.74% -0.5%
SHAREHOLDERS EQUITY
Retained Earnings $2.095B $1.020B
YoY Change -506.8% -220.85%
Common Stock $8.949B $8.930B
YoY Change -0.28% -0.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.705B $6.668B
YoY Change
Total Liabilities & Shareholders Equity $73.34B $70.42B
YoY Change 4.21% 2.0%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $1.075B -$194.0M
YoY Change 226.75% -85.91%
Depreciation, Depletion And Amortization $669.0M $655.0M
YoY Change 9.49% 7.2%
Cash From Operating Activities $3.799B $3.142B
YoY Change 41.17% 112.87%
INVESTING ACTIVITIES
Capital Expenditures $1.420B $1.843B
YoY Change -358.18% -558.46%
Acquisitions
YoY Change
Other Investing Activities -$39.00M -$6.000M
YoY Change -98.67%
Cash From Investing Activities -$1.459B -$1.968B
YoY Change -58.12% 357.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $820.0M
YoY Change 4.73%
Cash From Financing Activities -491.0M -$563.0M
YoY Change -38.47% -34.23%
NET CHANGE
Cash From Operating Activities 3.799B $3.142B
Cash From Investing Activities -1.459B -$1.968B
Cash From Financing Activities -491.0M -$563.0M
Net Change In Cash 1.849B $611.0M
YoY Change -216.22% 221.58%
FREE CASH FLOW
Cash From Operating Activities $3.799B $3.142B
Capital Expenditures $1.420B $1.843B
Free Cash Flow $2.379B $1.299B
YoY Change -26.6% -30.83%

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