2022 Q3 Form 10-Q Financial Statement
#000000551322000138 Filed on August 03, 2022
Income Statement
| Concept | 2022 Q3 | 2022 Q2 | 2021 Q4 |
|---|---|---|---|
| Revenue | $2.962B | $3.041B | $2.979B |
| YoY Change | -0.26% | 1.6% | -30.29% |
| Cost Of Revenue | $1.579B | $1.758B | |
| YoY Change | -9.95% | -5.18% | |
| Gross Profit | $1.383B | $1.283B | |
| YoY Change | 13.72% | 12.63% | |
| Gross Profit Margin | 46.68% | 42.18% | |
| Selling, General & Admin | $285.9M | $259.9M | $249.3M |
| YoY Change | 18.34% | 5.05% | 9.73% |
| % of Gross Profit | 20.68% | 20.26% | |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $150.8M | $142.6M | $29.80M |
| YoY Change | 396.05% | 4.85% | 6.43% |
| % of Gross Profit | 10.91% | 11.12% | |
| Operating Expenses | $2.395B | $2.550B | $2.737B |
| YoY Change | -4.76% | -2.05% | -33.3% |
| Operating Profit | -$1.013B | -$1.268B | |
| YoY Change | -22.05% | -13.47% | |
| Interest Expense | -$47.00M | -$47.40M | -$50.60M |
| YoY Change | 5.15% | 4.64% | 10.96% |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $515.3M | $443.1M | $191.7M |
| YoY Change | 25.71% | 68.74% | 53.73% |
| Income Tax | $104.6M | $72.70M | $32.00M |
| % Of Pretax Income | 20.3% | 16.41% | 16.69% |
| Net Earnings | $410.7M | $370.4M | $159.7M |
| YoY Change | 24.98% | 102.52% | 17.95% |
| Net Earnings / Revenue | 13.87% | 12.18% | 5.36% |
| Basic Earnings Per Share | $2.05 | $1.84 | |
| Diluted Earnings Per Share | $2.04 | $1.83 | $784.2K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 200.0M shares | 201.2M shares | |
| Diluted Shares Outstanding | 201.7M shares | 202.4M shares |
Balance Sheet
| Concept | 2022 Q3 | 2022 Q2 | 2021 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | |||
| YoY Change | |||
| Cash & Equivalents | $143.3M | $151.4M | $75.00M |
| Short-Term Investments | |||
| Other Short-Term Assets | |||
| YoY Change | |||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | |||
| YoY Change | |||
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $442.4M | $447.5M | $462.7M |
| YoY Change | -4.35% | -10.46% | -7.09% |
| Goodwill | $344.4M | $347.7M | $352.2M |
| YoY Change | -1.59% | -0.23% | |
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $42.88B | $45.32B | $52.15B |
| YoY Change | -18.2% | -13.13% | -1.01% |
| Other Assets | $523.1M | $149.9M | |
| YoY Change | |||
| Total Long-Term Assets | |||
| YoY Change | |||
| TOTAL ASSETS | |||
| Total Short-Term Assets | |||
| Total Long-Term Assets | |||
| Total Assets | $60.87B | $63.12B | $70.12B |
| YoY Change | -13.78% | -10.86% | -0.72% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | |||
| YoY Change | |||
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $0.00 | ||
| YoY Change | |||
| Total Short-Term Liabilities | $212.2M | $232.6M | $159.1M |
| YoY Change | 421.38% | 237.1% | |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $3.429B | $3.443B | $3.442B |
| YoY Change | -0.35% | 0.04% | 2.88% |
| Other Long-Term Liabilities | $2.529B | $2.615B | $2.586B |
| YoY Change | -15.67% | -9.52% | 4.65% |
| Total Long-Term Liabilities | $5.958B | $6.058B | $3.442B |
| YoY Change | -7.49% | -4.32% | 2.88% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $212.2M | $232.6M | $159.1M |
| Total Long-Term Liabilities | $5.958B | $6.058B | $3.442B |
| Total Liabilities | $52.21B | $53.42B | $58.70B |
| YoY Change | -12.23% | -10.77% | -1.77% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $12.70B | $12.35B | $11.85B |
| YoY Change | 7.54% | 5.18% | |
| Common Stock | $2.463B | $2.448B | $2.439B |
| YoY Change | 1.27% | 1.33% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $3.367B | $3.325B | $3.230B |
| YoY Change | 4.56% | 1.57% | |
| Treasury Stock Shares | 109.1M shares | 107.9M shares | 104.8M shares |
| Shareholders Equity | $8.660B | $9.705B | $11.42B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $60.87B | $63.12B | $70.12B |
| YoY Change | -13.78% | -10.86% | -0.72% |
Cashflow Statement
| Concept | 2022 Q3 | 2022 Q2 | 2021 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $410.7M | $370.4M | $159.7M |
| YoY Change | 24.98% | 102.52% | 17.95% |
| Depreciation, Depletion And Amortization | $150.8M | $142.6M | $29.80M |
| YoY Change | 396.05% | 4.85% | 6.43% |
| Cash From Operating Activities | $277.2M | $412.2M | $388.2M |
| YoY Change | -39.09% | -41.63% | -156.98% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$26.40M | -$22.60M | -$27.90M |
| YoY Change | 6.45% | -15.36% | 42.35% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$150.5M | -$299.3M | -$406.9M |
| YoY Change | -59.79% | -71.99% | -148.33% |
| Cash From Investing Activities | -$176.9M | -$321.9M | -$434.8M |
| YoY Change | -55.68% | -70.61% | -152.87% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -108.4M | -92.10M | -100.0K |
| YoY Change | 88.85% | 85.69% | -99.79% |
| NET CHANGE | |||
| Cash From Operating Activities | 277.2M | 412.2M | 388.2M |
| Cash From Investing Activities | -176.9M | -321.9M | -434.8M |
| Cash From Financing Activities | -108.4M | -92.10M | -100.0K |
| Net Change In Cash | -8.100M | -1.800M | -46.70M |
| YoY Change | 478.57% | -99.59% | -150.11% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $277.2M | $412.2M | $388.2M |
| Capital Expenditures | -$26.40M | -$22.60M | -$27.90M |
| Free Cash Flow | $303.6M | $434.8M | $416.1M |
| YoY Change | -36.74% | -40.67% | -162.88% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-06-30 | ||
| CY2022Q2 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
47400000 | usd |
| CY2021Q2 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
45300000 | usd |
| us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
94300000 | usd | |
| us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
89700000 | usd | |
| CY2022Q2 | us-gaap |
Real Estate Heldforsale
RealEstateHeldforsale
|
40000000 | usd |
| CY2021Q4 | us-gaap |
Real Estate Heldforsale
RealEstateHeldforsale
|
40900000 | usd |
| us-gaap |
Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
|
10200000 | usd | |
| CY2022Q2 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
559000000.0 | usd |
| CY2021Q2 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
|
15072100000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
623900000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
335900000 | usd | |
| CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
370400000 | usd |
| CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
182900000 | usd |
| CY2022Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
100000 | shares |
| CY2022Q2 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
1735500 | shares |
| CY2022Q2 | unm |
Shares Repurchased Commissions
SharesRepurchasedCommissions
|
100000 | usd |
| unm |
Shares Repurchased Commissions
SharesRepurchasedCommissions
|
100000 | usd | |
| CY2022Q2 | us-gaap |
Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
|
34300000 | usd |
| CY2022Q1 | us-gaap |
Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
|
35000000 | usd |
| CY2022Q2 | us-gaap |
Premiums Receivable Gross
PremiumsReceivableGross
|
593400000 | usd |
| CY2022Q1 | us-gaap |
Premiums Receivable Gross
PremiumsReceivableGross
|
600900000 | usd |
| CY2021Q2 | us-gaap |
Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
|
31000000 | usd |
| CY2021Q1 | us-gaap |
Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
|
33700000 | usd |
| CY2021Q2 | us-gaap |
Premiums Receivable Gross
PremiumsReceivableGross
|
576300000 | usd |
| CY2021Q1 | us-gaap |
Premiums Receivable Gross
PremiumsReceivableGross
|
602900000 | usd |
| CY2021Q2 | us-gaap |
Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
|
13900000 | usd |
