2022 Q1 Form 10-Q Financial Statement

#000126282322000022 Filed on May 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $4.056B $2.357B
YoY Change 72.08% 22.0%
Cost Of Revenue $2.771B $1.848B
YoY Change 49.95% 12.07%
Gross Profit $1.285B $509.0M
YoY Change 152.46% 79.86%
Gross Profit Margin 31.68% 21.6%
Selling, General & Admin $200.0M $136.0M
YoY Change 47.06% 13.33%
% of Gross Profit 15.56% 26.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $257.0M $195.0M
YoY Change 31.79% 2.63%
% of Gross Profit 20.0% 38.31%
Operating Expenses $200.0M $136.0M
YoY Change 47.06% 13.33%
Operating Profit $1.032B $346.0M
YoY Change 198.27% 154.41%
Interest Expense $46.00M $33.00M
YoY Change 39.39% 6.45%
% of Operating Profit 4.46% 9.54%
Other Income/Expense, Net $11.00M $12.00M
YoY Change -8.33% 9.09%
Pretax Income $997.0M $325.0M
YoY Change 206.77% 180.17%
Income Tax $233.0M $72.00M
% Of Pretax Income 23.37% 22.15%
Net Earnings $756.0M $242.0M
YoY Change 212.4% 66.9%
Net Earnings / Revenue 18.64% 10.27%
Basic Earnings Per Share $5.87 $1.88
Diluted Earnings Per Share $5.83 $1.87
COMMON SHARES
Basic Shares Outstanding 128.1M shares 128.0M shares
Diluted Shares Outstanding 128.9M shares 128.5M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.055B $1.393B
YoY Change -24.26% -9.37%
Cash & Equivalents $1.055B $1.393B
Short-Term Investments
Other Short-Term Assets $114.0M $59.00M
YoY Change 93.22% 84.38%
Inventory $1.884B $955.0M
Prepaid Expenses
Receivables $2.269B $1.249B
Other Receivables $76.00M $35.00M
Total Short-Term Assets $5.405B $3.734B
YoY Change 44.75% -0.9%
LONG-TERM ASSETS
Property, Plant & Equipment $8.276B $6.921B
YoY Change 19.58% 0.55%
Goodwill $2.140B $1.082B
YoY Change 97.78% 1.6%
Intangibles
YoY Change
Long-Term Investments $1.105B $1.029B
YoY Change 7.39% -3.38%
Other Assets $492.0M $238.0M
YoY Change 106.72% -12.82%
Total Long-Term Assets $14.34B $10.32B
YoY Change 38.97% -0.76%
TOTAL ASSETS
Total Short-Term Assets $5.405B $3.734B
Total Long-Term Assets $14.34B $10.32B
Total Assets $19.74B $14.05B
YoY Change 40.51% -0.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.018B $603.0M
YoY Change 68.82% 39.91%
Accrued Expenses $1.268B $723.0M
YoY Change 75.38% 21.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $264.0M $21.00M
YoY Change 1157.14%
Total Short-Term Liabilities $2.550B $1.326B
YoY Change 92.31% 29.49%
LONG-TERM LIABILITIES
Long-Term Debt $4.902B $3.547B
YoY Change 38.2% -19.97%
Other Long-Term Liabilities $265.0M $206.0M
YoY Change 28.64% 11.35%
Total Long-Term Liabilities $5.167B $3.753B
YoY Change 37.68% -18.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.550B $1.326B
Total Long-Term Liabilities $5.167B $3.753B
Total Liabilities $10.49B $7.225B
YoY Change 45.18% -6.47%
SHAREHOLDERS EQUITY
Retained Earnings $8.525B $6.145B
YoY Change 38.73% 4.86%
Common Stock $573.0M $565.0M
YoY Change 1.42% 2.36%
Preferred Stock
YoY Change
Treasury Stock (at cost) $372.0M $379.0M
YoY Change -1.85% -8.23%
Treasury Stock Shares
Shareholders Equity $8.681B $6.261B
YoY Change
Total Liabilities & Shareholders Equity $19.74B $14.05B
YoY Change 40.51% -0.8%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $756.0M $242.0M
YoY Change 212.4% 66.9%
Depreciation, Depletion And Amortization $257.0M $195.0M
YoY Change 31.79% 2.63%
Cash From Operating Activities $700.0M $265.0M
YoY Change 164.15% 334.43%
INVESTING ACTIVITIES
Capital Expenditures $263.0M $141.0M
YoY Change 86.52% -14.02%
Acquisitions $1.154B $0.00
YoY Change
Other Investing Activities -$6.000M -$13.00M
YoY Change -53.85% -285.71%
Cash From Investing Activities -$1.507B -$135.0M
YoY Change 1016.3% 2.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$47.00M -$34.00M
YoY Change 38.24% -103.85%
NET CHANGE
Cash From Operating Activities $700.0M $265.0M
Cash From Investing Activities -$1.507B -$135.0M
Cash From Financing Activities -$47.00M -$34.00M
Net Change In Cash -$857.0M $93.00M
YoY Change -1021.51% -88.5%
FREE CASH FLOW
Cash From Operating Activities $700.0M $265.0M
Capital Expenditures $263.0M $141.0M
Free Cash Flow $437.0M $124.0M
YoY Change 252.42% -220.39%

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