2023 Q3 Form 10-Q Financial Statement

#000126282323000031 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $3.115B $3.251B
YoY Change -21.26% -27.48%
Cost Of Revenue $2.529B $2.609B
YoY Change -20.47% -14.12%
Gross Profit $586.0M $642.0M
YoY Change -24.48% -55.57%
Gross Profit Margin 18.81% 19.75%
Selling, General & Admin $206.0M $213.0M
YoY Change -4.19% -3.18%
% of Gross Profit 35.15% 33.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $277.0M $271.0M
YoY Change 4.92% 2.65%
% of Gross Profit 47.27% 42.21%
Operating Expenses $206.0M $243.0M
YoY Change -4.19% 10.45%
Operating Profit $349.0M $399.0M
YoY Change -32.36% -66.04%
Interest Expense $40.00M -$42.00M
YoY Change -9.09% -195.45%
% of Operating Profit 11.46% -10.53%
Other Income/Expense, Net $56.00M $23.00M
YoY Change 133.33% 35.29%
Pretax Income $365.0M $377.0M
YoY Change -26.41% -67.16%
Income Tax $70.00M $70.00M
% Of Pretax Income 19.18% 18.57%
Net Earnings $285.0M $296.0M
YoY Change -28.93% -65.5%
Net Earnings / Revenue 9.15% 9.1%
Basic Earnings Per Share $2.22 $2.32
Diluted Earnings Per Share $2.20 $2.30
COMMON SHARES
Basic Shares Outstanding 127.7M shares 127.6M shares
Diluted Shares Outstanding 128.6M shares 128.5M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.057B $2.677B
YoY Change 71.93% 103.26%
Cash & Equivalents $3.057B $2.677B
Short-Term Investments
Other Short-Term Assets $89.00M $93.00M
YoY Change -24.58% -33.57%
Inventory $1.672B $1.671B
Prepaid Expenses
Receivables $1.574B $1.642B
Other Receivables $281.0M $213.0M
Total Short-Term Assets $6.757B $6.296B
YoY Change 10.75% 4.71%
LONG-TERM ASSETS
Property, Plant & Equipment $8.570B $9.194B
YoY Change 3.24% 10.73%
Goodwill $2.161B $2.167B
YoY Change 0.84% 1.31%
Intangibles
YoY Change
Long-Term Investments $1.117B $1.120B
YoY Change -2.62% -2.01%
Other Assets $669.0M $697.0M
YoY Change 16.35% 32.26%
Total Long-Term Assets $14.64B $14.69B
YoY Change 2.2% 2.27%
TOTAL ASSETS
Total Short-Term Assets $6.757B $6.296B
Total Long-Term Assets $14.64B $14.69B
Total Assets $21.40B $20.98B
YoY Change 4.75% 2.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $811.0M $799.0M
YoY Change -18.41% -30.16%
Accrued Expenses $1.549B $1.329B
YoY Change 6.02% -2.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $299.0M $3.000M
YoY Change 4883.33% -70.0%
Total Short-Term Liabilities $2.659B $2.131B
YoY Change 8.05% -15.2%
LONG-TERM LIABILITIES
Long-Term Debt $4.574B $4.894B
YoY Change -4.97% 0.74%
Other Long-Term Liabilities $307.0M $1.187B
YoY Change 5.14% 334.8%
Total Long-Term Liabilities $4.881B $6.081B
YoY Change -4.39% 18.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.659B $2.131B
Total Long-Term Liabilities $4.881B $6.081B
Total Liabilities $10.11B $10.44B
YoY Change -1.23% 0.38%
SHAREHOLDERS EQUITY
Retained Earnings $10.71B $10.48B
YoY Change 10.36% 12.19%
Common Stock $620.0M $602.0M
YoY Change 4.91% 3.26%
Preferred Stock
YoY Change
Treasury Stock (at cost) $440.0M $463.0M
YoY Change 0.23% 13.48%
Treasury Stock Shares
Shareholders Equity $10.75B $10.54B
YoY Change
Total Liabilities & Shareholders Equity $21.40B $20.98B
YoY Change 4.75% 2.99%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $285.0M $296.0M
YoY Change -28.93% -65.5%
Depreciation, Depletion And Amortization $277.0M $271.0M
YoY Change 4.92% 2.65%
Cash From Operating Activities $696.0M $555.0M
YoY Change -26.5% -39.21%
INVESTING ACTIVITIES
Capital Expenditures $245.0M $240.0M
YoY Change -177.04% -204.35%
Acquisitions
YoY Change
Other Investing Activities -$6.000M $4.000M
YoY Change -77.78% -106.06%
Cash From Investing Activities -$251.0M -$236.0M
YoY Change -27.25% -20.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -44.00M -56.00M
YoY Change -57.28% -83.03%
NET CHANGE
Cash From Operating Activities 696.0M 555.0M
Cash From Investing Activities -251.0M -236.0M
Cash From Financing Activities -44.00M -56.00M
Net Change In Cash 401.0M 263.0M
YoY Change -19.64% -8.36%
FREE CASH FLOW
Cash From Operating Activities $696.0M $555.0M
Capital Expenditures $245.0M $240.0M
Free Cash Flow $451.0M $315.0M
YoY Change -64.35% -72.44%

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