2022 Q1 Form 10-K Financial Statement

#000010416922000012 Filed on March 18, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2022 2021 Q1
Revenue $152.9B $572.8B $152.1B
YoY Change 0.52% 2.43% 7.35%
Cost Of Revenue $115.5B $429.0B $115.3B
YoY Change 0.23% 2.07% 6.97%
Gross Profit $37.35B $143.8B $36.82B
YoY Change 1.44% 3.54% 8.53%
Gross Profit Margin 24.43% 25.1% 24.21%
Selling, General & Admin $30.96B $117.8B $30.33B
YoY Change 2.08% 1.31% 6.05%
% of Gross Profit 82.9% 81.95% 82.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.706B $10.66B $2.819B
YoY Change -4.01% -4.43% -0.32%
% of Gross Profit 7.25% 7.41% 7.66%
Operating Expenses $30.96B $117.8B $30.33B
YoY Change 2.08% 1.31% 6.05%
Operating Profit $6.387B $25.94B $6.487B
YoY Change -1.54% 15.05% 21.89%
Interest Expense -$380.0M -$1.836B -$494.0M
YoY Change -23.08% -16.32% -19.15%
% of Operating Profit -5.95% -7.08% -7.62%
Other Income/Expense, Net -$725.0M -$3.000B $1.814B
YoY Change -139.97% -1528.57% 88.57%
Pretax Income $4.782B $18.70B -$593.0M
YoY Change -906.41% -9.08% -110.45%
Income Tax $1.149B $4.756B $1.415B
% Of Pretax Income 24.03% 25.44%
Net Earnings $3.562B $13.67B -$2.091B
YoY Change -270.35% 1.21% -150.5%
Net Earnings / Revenue 2.33% 2.39% -1.37%
Basic Earnings Per Share $4.90
Diluted Earnings Per Share $1.281M $4.87 -$739.4K
COMMON SHARES
Basic Shares Outstanding 2.752B shares 2.792B shares 2.817B shares
Diluted Shares Outstanding 2.805B shares

Balance Sheet

Concept 2022 Q1 2022 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.76B $14.76B $17.74B
YoY Change -16.8% -16.8% 87.44%
Cash & Equivalents $14.76B $14.76B $17.70B
Short-Term Investments
Other Short-Term Assets $1.519B $1.519B $20.86B
YoY Change -92.72% -92.72% 1186.13%
Inventory $56.51B $56.51B $44.95B
Prepaid Expenses
Receivables $8.280B $8.280B $6.516B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $81.07B $81.07B $90.07B
YoY Change -9.99% -9.99% 45.73%
LONG-TERM ASSETS
Property, Plant & Equipment $94.52B $112.6B $92.20B
YoY Change 2.51% 2.53% -12.36%
Goodwill $29.01B $28.98B
YoY Change 0.11% -6.73%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $22.15B $22.15B $23.60B
YoY Change -6.13% -6.13% 42.44%
Total Long-Term Assets $163.8B $163.8B $162.4B
YoY Change 0.84% 0.84% -7.02%
TOTAL ASSETS
Total Short-Term Assets $81.07B $81.07B $90.07B
Total Long-Term Assets $163.8B $163.8B $162.4B
Total Assets $244.9B $244.9B $252.5B
YoY Change -3.02% -3.02% 6.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.26B $55.26B $49.14B
YoY Change 12.45% 12.45% 4.62%
Accrued Expenses $26.06B $27.52B $37.97B
YoY Change -31.36% 3.09% 70.28%
Deferred Revenue
YoY Change
Short-Term Debt $410.0M $410.0M $200.0M
YoY Change 105.0% 83.04% -66.67%
Long-Term Debt Due $2.803B $3.314B $3.115B
YoY Change -10.02% -8.1% -41.91%
Total Short-Term Liabilities $87.38B $87.38B $92.65B
YoY Change -5.68% -5.68% 19.1%
LONG-TERM LIABILITIES
Long-Term Debt $34.86B $39.11B $41.19B
YoY Change -15.37% -13.17% -5.76%
Other Long-Term Liabilities $13.01B $13.01B $12.91B
YoY Change 0.77% 0.77% -23.47%
Total Long-Term Liabilities $34.86B $52.12B $41.19B
YoY Change -15.37% -10.07% -5.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $87.38B $87.38B $92.65B
Total Long-Term Liabilities $34.86B $52.12B $41.19B
Total Liabilities $122.2B $161.6B $133.8B
YoY Change -8.66% -5.81% 10.15%
SHAREHOLDERS EQUITY
Retained Earnings $86.90B $88.76B
YoY Change -2.09% 5.74%
Common Stock $276.0M $282.0M
YoY Change -2.13% -0.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $83.25B $83.25B $80.93B
YoY Change
Total Liabilities & Shareholders Equity $244.9B $244.9B $252.5B
YoY Change -3.02% -3.02% 6.77%

Cashflow Statement

Concept 2022 Q1 2022 2021 Q1
OPERATING ACTIVITIES
Net Income $3.562B $13.67B -$2.091B
YoY Change -270.35% 1.21% -150.5%
Depreciation, Depletion And Amortization $2.706B $10.66B $2.819B
YoY Change -4.01% -4.43% -0.32%
Cash From Operating Activities $7.890B $24.18B $13.19B
YoY Change -40.2% -32.97% 23.12%
INVESTING ACTIVITIES
Capital Expenditures -$4.518B $13.11B -$3.826B
YoY Change 18.09% 27.69% 30.14%
Acquisitions $359.0M
YoY Change 99.44%
Other Investing Activities $33.00M $879.0M $262.0M
YoY Change -87.4% -961.76% 170.1%
Cash From Investing Activities -$4.485B -$6.015B -$3.564B
YoY Change 25.84% -40.27% 25.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $9.787B
YoY Change 272.84%
Debt Paid & Issued, Net $13.01B
YoY Change 141.73%
Cash From Financing Activities -4.715B -$22.83B -4.777B
YoY Change -1.3% 41.64% -32.59%
NET CHANGE
Cash From Operating Activities 7.890B $24.18B 13.19B
Cash From Investing Activities -4.485B -$6.015B -3.564B
Cash From Financing Activities -4.715B -$22.83B -4.777B
Net Change In Cash -1.310B -$4.802B 4.853B
YoY Change -126.99% -147.45% 516.65%
FREE CASH FLOW
Cash From Operating Activities $7.890B $24.18B $13.19B
Capital Expenditures -$4.518B $13.11B -$3.826B
Free Cash Flow $12.41B $11.08B $17.02B
YoY Change -27.1% -57.09% 24.63%

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<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Consolidated Financial Statements have been prepared in conformity with U.S. generally accepted accounting principles. Those principles require management to make estimates and assumptions that affect the reported amounts of assets and liabilities. Management's estimates and assumptions also affect the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.</span></div>
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CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P12Y6M
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P13Y4M24D
CY2021Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P13Y8M12D
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