2024 Q2 Form 10-Q Financial Statement

#000179204424000017 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $3.797B $3.663B
YoY Change -3.11% -1.76%
Cost Of Revenue $2.351B $2.159B
YoY Change 7.01% -1.26%
Gross Profit $1.445B $1.504B
YoY Change -16.04% -2.48%
Gross Profit Margin 38.07% 41.05%
Selling, General & Admin $1.358B $1.018B
YoY Change 42.35% 6.11%
% of Gross Profit 93.95% 67.65%
Research & Development $204.1M $199.7M
YoY Change -1.83% 9.19%
% of Gross Profit 14.12% 13.28%
Depreciation & Amortization $786.3M $691.0M
YoY Change 14.5% -5.34%
% of Gross Profit 54.4% 45.94%
Operating Expenses $1.685B $1.300B
YoY Change 45.05% 13.8%
Operating Profit -$239.9M $203.9M
YoY Change -142.87% -49.0%
Interest Expense $145.8M $138.4M
YoY Change -201.46% -5.85%
% of Operating Profit 67.88%
Other Income/Expense, Net -$6.100M $139.1M
YoY Change -103.52% 99.0%
Pretax Income -$391.8M $204.6M
YoY Change -217.66% -36.6%
Income Tax -$65.40M $90.70M
% Of Pretax Income 44.33%
Net Earnings -$326.4M $113.9M
YoY Change -223.64% -49.31%
Net Earnings / Revenue -8.6% 3.11%
Basic Earnings Per Share -$0.27 $0.10
Diluted Earnings Per Share -$0.27 $0.09
COMMON SHARES
Basic Shares Outstanding 1.191B shares 1.188B shares
Diluted Shares Outstanding 1.191B shares 1.210B shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.008B $1.105B
YoY Change 41.69% 88.12%
Cash & Equivalents $917.2M $1.015B
Short-Term Investments $90.80M $90.80M
Other Short-Term Assets $270.2M $249.5M
YoY Change -85.14% -81.52%
Inventory $3.942B $3.823B
Prepaid Expenses $161.8M $178.9M
Receivables $3.567B $3.632B
Other Receivables $882.5M $842.0M
Total Short-Term Assets $11.79B $12.92B
YoY Change 20.6% 34.2%
LONG-TERM ASSETS
Property, Plant & Equipment $2.663B $2.708B
YoY Change -17.66% -9.96%
Goodwill $9.326B $9.694B
YoY Change -11.46% -8.32%
Intangibles $18.42B $19.13B
YoY Change -16.6% -15.72%
Long-Term Investments $132.1M $165.7M
YoY Change -14.33%
Other Assets $2.445B $2.232B
YoY Change -16.05% -7.72%
Total Long-Term Assets $33.54B $34.42B
YoY Change -13.82% -13.21%
TOTAL ASSETS
Total Short-Term Assets $11.79B $12.92B
Total Long-Term Assets $33.54B $34.42B
Total Assets $45.33B $47.34B
YoY Change -6.91% -3.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.383B $1.584B
YoY Change 5.57% 11.91%
Accrued Expenses $2.223B $2.255B
YoY Change 11.08% 5.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $2.367B $1.898B
YoY Change 78.59% 273.13%
Total Short-Term Liabilities $7.709B $7.760B
YoY Change 18.17% 27.04%
LONG-TERM LIABILITIES
Long-Term Debt $14.73B $16.07B
YoY Change -14.58% -11.05%
Other Long-Term Liabilities $1.796B $1.825B
YoY Change 7.26% 6.12%
Total Long-Term Liabilities $16.53B $17.90B
YoY Change -12.65% -9.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.709B $7.760B
Total Long-Term Liabilities $16.53B $17.90B
Total Liabilities $25.81B $27.33B
YoY Change -7.33% -3.64%
SHAREHOLDERS EQUITY
Retained Earnings $4.134B $4.608B
YoY Change -23.01% -12.28%
Common Stock $12.30M $12.30M
YoY Change 0.82% 0.82%
Preferred Stock
YoY Change
Treasury Stock (at cost) $504.3M $504.3M
YoY Change 100.28% 100.28%
Treasury Stock Shares
Shareholders Equity $19.52B $20.01B
YoY Change
Total Liabilities & Shareholders Equity $45.33B $47.34B
YoY Change -6.91% -3.95%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$326.4M $113.9M
YoY Change -223.64% -49.31%
Depreciation, Depletion And Amortization $786.3M $691.0M
YoY Change 14.5% -5.34%
Cash From Operating Activities $379.1M $614.6M
YoY Change -26.37% -36.72%
INVESTING ACTIVITIES
Capital Expenditures $69.50M $49.80M
YoY Change -21.91% 4.18%
Acquisitions $350.0M
YoY Change -47.58%
Other Investing Activities $445.3M $1.000M
YoY Change 3491.13% -97.12%
Cash From Investing Activities $375.8M -$154.3M
YoY Change -590.6% -79.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -847.9M -$425.6M
YoY Change 179.37% -56.34%
NET CHANGE
Cash From Operating Activities 379.1M $614.6M
Cash From Investing Activities 375.8M -$154.3M
Cash From Financing Activities -847.9M -$425.6M
Net Change In Cash -93.00M $22.30M
YoY Change -168.99% -102.97%
FREE CASH FLOW
Cash From Operating Activities $379.1M $614.6M
Capital Expenditures $69.50M $49.80M
Free Cash Flow $309.6M $564.8M
YoY Change -27.31% -38.83%

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CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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