2024 Q2 Form 10-Q Financial Statement

#000010051724000079 Filed on April 17, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $14.99B $12.54B
YoY Change 5.7% 9.71%
Cost Of Revenue $5.367B $5.159B
YoY Change 9.11% -1.99%
Gross Profit $9.619B $7.380B
YoY Change 3.89% 19.71%
Gross Profit Margin 64.19% 58.86%
Selling, General & Admin $4.724B $4.412B
YoY Change 12.56% 18.44%
% of Gross Profit 49.11% 59.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $719.0M $708.0M
YoY Change 7.47% 8.09%
% of Gross Profit 7.47% 9.59%
Operating Expenses $7.654B $7.268B
YoY Change 11.2% 17.34%
Operating Profit $1.929B $112.0M
YoY Change -18.81% -360.47%
Interest Expense -$210.0M -$253.0M
YoY Change 39.07% -0.39%
% of Operating Profit -10.89% -225.89%
Other Income/Expense, Net -$190.0M -$10.00M
YoY Change -1004.76% -95.31%
Pretax Income $1.739B -$164.0M
YoY Change 25.38% -35.94%
Income Tax $416.0M -$40.00M
% Of Pretax Income 23.92%
Net Earnings $1.323B -$124.0M
YoY Change 23.07% -36.08%
Net Earnings / Revenue 8.83% -0.99%
Basic Earnings Per Share $4.02 -$0.38
Diluted Earnings Per Share $3.96 -$0.38
COMMON SHARES
Basic Shares Outstanding 328.8M shares 328.0M shares
Diluted Shares Outstanding 333.9M shares 328.3M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.25B $13.99B
YoY Change -20.33% -18.44%
Cash & Equivalents $10.86B $8.401B
Short-Term Investments $4.384B $5.591B
Other Short-Term Assets $699.0M $770.0M
YoY Change -20.02% -19.79%
Inventory $1.680B $1.675B
Prepaid Expenses
Receivables $2.376B $2.259B
Other Receivables $0.00 $0.00
Total Short-Term Assets $20.00B $18.70B
YoY Change -14.17% -13.39%
LONG-TERM ASSETS
Property, Plant & Equipment $44.47B $44.37B
YoY Change 8.13% 11.31%
Goodwill $4.527B $4.527B
YoY Change 0.0% 0.0%
Intangibles $2.699B $2.717B
YoY Change -1.64% -1.31%
Long-Term Investments $231.0M $1.353B
YoY Change -83.54% 550.48%
Other Assets $8.783B $244.0M
YoY Change 3590.34% -97.28%
Total Long-Term Assets $53.25B $53.21B
YoY Change 6.43% 8.96%
TOTAL ASSETS
Total Short-Term Assets $20.00B $18.70B
Total Long-Term Assets $53.25B $53.21B
Total Assets $73.25B $71.90B
YoY Change -0.12% 2.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.478B $4.344B
YoY Change 7.33% 12.6%
Accrued Expenses $2.931B $2.685B
YoY Change -22.75% 4.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.757B $4.075B
YoY Change 25.02% 27.11%
Total Short-Term Liabilities $25.86B $24.76B
YoY Change 1.09% 4.78%
LONG-TERM LIABILITIES
Long-Term Debt $21.69B $23.14B
YoY Change -19.25% -15.74%
Other Long-Term Liabilities $1.440B $14.27B
YoY Change -88.98% 929.44%
Total Long-Term Liabilities $23.13B $37.41B
YoY Change -42.08% 29.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.86B $24.76B
Total Long-Term Liabilities $23.13B $37.41B
Total Liabilities $48.98B $62.71B
YoY Change -25.37% 19.5%
SHAREHOLDERS EQUITY
Retained Earnings $4.986B $3.664B
YoY Change 138.0% 259.22%
Common Stock $9.005B $8.977B
YoY Change 0.63% 0.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.53B $9.188B
YoY Change
Total Liabilities & Shareholders Equity $73.25B $71.90B
YoY Change -0.12% 2.11%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $1.323B -$124.0M
YoY Change 23.07% -36.08%
Depreciation, Depletion And Amortization $719.0M $708.0M
YoY Change 7.47% 8.09%
Cash From Operating Activities $2.876B $2.847B
YoY Change -24.3% -9.39%
INVESTING ACTIVITIES
Capital Expenditures $1.164B $1.366B
YoY Change -18.03% -25.88%
Acquisitions
YoY Change
Other Investing Activities $1.298B $2.807B
YoY Change -3428.21% -46883.33%
Cash From Investing Activities $134.0M $1.441B
YoY Change -109.18% -173.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $5.031B
YoY Change 513.54%
Cash From Financing Activities -580.0M -1.938B
YoY Change 18.13% 244.23%
NET CHANGE
Cash From Operating Activities 2.876B 2.847B
Cash From Investing Activities 134.0M 1.441B
Cash From Financing Activities -580.0M -1.938B
Net Change In Cash 2.430B 2.350B
YoY Change 31.42% 284.62%
FREE CASH FLOW
Cash From Operating Activities $2.876B $2.847B
Capital Expenditures $1.164B $1.366B
Free Cash Flow $1.712B $1.481B
YoY Change -28.04% 14.01%

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