2022 Q3 Form 10-Q Financial Statement

#000179204422000028 Filed on August 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $4.078B $4.117B $4.342B
YoY Change -10.1% -10.07% 19.82%
Cost Of Revenue $2.330B $2.414B $2.559B
YoY Change -21.36% -25.74% 2.34%
Gross Profit $1.748B $1.703B $1.783B
YoY Change 11.07% 28.29% 58.74%
Gross Profit Margin 42.87% 41.37% 41.06%
Selling, General & Admin $1.017B $981.1M $966.5M
YoY Change -3.57% -18.57% 13.93%
% of Gross Profit 58.18% 57.6% 54.21%
Research & Development $174.9M $162.6M $194.7M
YoY Change 14.99% 10.09% 27.01%
% of Gross Profit 10.0% 9.55% 10.92%
Depreciation & Amortization $699.5M $722.3M $749.8M
YoY Change -31.23% -45.16% -21.33%
% of Gross Profit 40.01% 42.41% 42.06%
Operating Expenses $1.188B $1.155B $1.161B
YoY Change -2.32% -16.06% 15.93%
Operating Profit $560.1M $548.7M $621.6M
YoY Change 56.63% -1247.91% 411.6%
Interest Expense $153.2M $145.9M -$155.2M
YoY Change 0.86% -12.69% 4.16%
% of Operating Profit 27.35% 26.59% -24.97%
Other Income/Expense, Net $20.60M -$13.50M $34.60M
YoY Change -455.17% 221.43% 103.53%
Pretax Income $427.5M $389.3M -$203.9M
YoY Change 113.86% -277.68% -79.88%
Income Tax $73.20M $75.40M $59.90M
% Of Pretax Income 17.12% 19.37%
Net Earnings $354.3M $313.9M -$263.8M
YoY Change 13.74% -212.43% -71.19%
Net Earnings / Revenue 8.69% 7.62% -6.08%
Basic Earnings Per Share $0.29 $0.26
Diluted Earnings Per Share $0.29 $0.26 -$218.1K
COMMON SHARES
Basic Shares Outstanding 1.213B shares 1.212B shares 1.209B shares
Diluted Shares Outstanding 1.218B shares 1.217B shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $721.0M $741.9M $739.4M
YoY Change -14.6% -2.64% -16.31%
Cash & Equivalents $646.7M $664.7M $701.2M
Short-Term Investments $74.30M $77.20M $38.20M
Other Short-Term Assets $1.132B $1.145B $1.467B
YoY Change -31.5% -33.0% 18.69%
Inventory $3.380B $3.613B $3.978B
Prepaid Expenses $237.1M $274.0M $256.7M
Receivables $3.334B $3.736B $4.266B
Other Receivables $504.1M $553.3M $492.0M
Total Short-Term Assets $10.49B $11.18B $10.90B
YoY Change -7.26% -4.88% -15.27%
LONG-TERM ASSETS
Property, Plant & Equipment $3.039B $3.084B $3.189B
YoY Change -2.41% -2.76% -7.84%
Goodwill $10.05B $10.52B $12.11B
YoY Change -17.38% -12.24% -1.89%
Intangibles $23.01B $24.10B $26.13B
YoY Change -14.72% -13.5% -11.96%
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $963.9M $997.4M $1.171B
YoY Change -7.28% -2.7% 11.76%
Total Long-Term Assets $38.17B $39.95B $43.94B
YoY Change -14.72% -13.6% -9.75%
TOTAL ASSETS
Total Short-Term Assets $10.49B $11.18B $10.90B
Total Long-Term Assets $38.17B $39.95B $43.94B
Total Assets $48.66B $51.13B $54.84B
YoY Change -13.21% -11.83% -10.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $791.2M $1.051B $1.056B
YoY Change -30.54% -20.37% -21.54%
Accrued Expenses $2.271B $2.427B $3.226B
YoY Change -27.8% -12.63% 17.92%
Deferred Revenue
YoY Change
Short-Term Debt $500.4M $1.020B $1.493B
YoY Change -70.68% -21.59% 35.62%
Long-Term Debt Due $763.8M $768.2M $1.878B
YoY Change -59.97% -64.83% -18.67%
Total Short-Term Liabilities $6.521B $7.681B $9.884B
YoY Change -35.46% -24.19% -6.42%
LONG-TERM LIABILITIES
Long-Term Debt $18.72B $19.21B $19.72B
YoY Change -5.69% -8.18% -12.09%
Other Long-Term Liabilities $1.745B $1.814B $1.934B
YoY Change -14.99% -19.08% -22.13%
Total Long-Term Liabilities $20.47B $21.02B $21.65B
YoY Change -6.56% -9.23% -13.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.521B $7.681B $9.884B
Total Long-Term Liabilities $20.47B $21.02B $21.65B
Total Liabilities $29.48B $31.32B $34.35B
YoY Change -15.6% -14.84% -11.01%
SHAREHOLDERS EQUITY
Retained Earnings $4.313B $4.107B $3.689B
YoY Change 5.52% 5.04% -31.19%
Common Stock $12.10M $12.10M $12.10M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $0.00 $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $19.18B $19.81B $20.49B
YoY Change
Total Liabilities & Shareholders Equity $48.66B $51.13B $54.84B
YoY Change -13.21% -11.83% -10.9%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $354.3M $313.9M -$263.8M
YoY Change 13.74% -212.43% -71.19%
Depreciation, Depletion And Amortization $699.5M $722.3M $749.8M
YoY Change -31.23% -45.16% -21.33%
Cash From Operating Activities $869.0M $802.5M $523.1M
YoY Change -19.95% 43.46% 1345.03%
INVESTING ACTIVITIES
Capital Expenditures -$115.7M -$89.50M -$221.4M
YoY Change -12.28% -13.02% -51.64%
Acquisitions
YoY Change
Other Investing Activities $700.0K $7.400M $2.300M
YoY Change -94.89% -91.41% -99.47%
Cash From Investing Activities -$115.0M -$82.10M -$219.1M
YoY Change -2.71% 388.69% 882.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -758.7M -779.6M -349.2M
YoY Change -13.54% 13.73% -334.21%
NET CHANGE
Cash From Operating Activities 869.0M 802.5M 523.1M
Cash From Investing Activities -115.0M -82.10M -219.1M
Cash From Financing Activities -758.7M -779.6M -349.2M
Net Change In Cash -4.700M -59.20M -45.20M
YoY Change -105.23% -58.57% -127.73%
FREE CASH FLOW
Cash From Operating Activities $869.0M $802.5M $523.1M
Capital Expenditures -$115.7M -$89.50M -$221.4M
Free Cash Flow $984.7M $892.0M $744.5M
YoY Change -19.12% 34.68% 50.71%

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