2024 Q1 Form 10-K Financial Statement

#000010416924000056 Filed on March 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2024
Revenue $173.4B $648.1B
YoY Change 5.69% 6.03%
Cost Of Revenue $131.8B $490.1B
YoY Change 5.1% 5.7%
Gross Profit $41.56B $158.0B
YoY Change 7.61% 7.06%
Gross Profit Margin 23.97% 24.38%
Selling, General & Admin $34.31B $131.0B
YoY Change 3.77% 3.01%
% of Gross Profit 82.55% 82.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.117B $11.85B
YoY Change 10.89% 8.3%
% of Gross Profit 7.5% 7.5%
Operating Expenses $34.31B $131.0B
YoY Change 3.77% 3.01%
Operating Profit $7.254B $27.01B
YoY Change 30.44% 32.23%
Interest Expense -$549.0M -$2.137B
YoY Change 8.28% 14.03%
% of Operating Profit -7.57% -7.91%
Other Income/Expense, Net $813.0M -$3.027B
YoY Change -78.87% 96.81%
Pretax Income $7.518B $21.85B
YoY Change -15.55% 28.4%
Income Tax $1.840B $5.578B
% Of Pretax Income 24.47% 25.53%
Net Earnings $5.494B $15.51B
YoY Change -12.45% 32.8%
Net Earnings / Revenue 3.17% 2.39%
Basic Earnings Per Share $1.92
Diluted Earnings Per Share $2.03 $5.74
COMMON SHARES
Basic Shares Outstanding 8.058B shares 8.077B shares
Diluted Shares Outstanding 8.108B shares

Balance Sheet

Concept 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.867B $9.867B
YoY Change 11.05% 11.05%
Cash & Equivalents $9.867B $9.867B
Short-Term Investments
Other Short-Term Assets $3.322B $3.322B
YoY Change 31.77% 31.77%
Inventory $54.89B $54.89B
Prepaid Expenses
Receivables $8.796B $8.796B
Other Receivables $0.00 $0.00
Total Short-Term Assets $76.88B $76.88B
YoY Change 1.27% 1.27%
LONG-TERM ASSETS
Property, Plant & Equipment $130.3B $130.3B
YoY Change 9.31% 9.31%
Goodwill $28.11B
YoY Change -0.22%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $17.07B $17.07B
YoY Change -15.21% -15.21%
Total Long-Term Assets $175.5B $175.5B
YoY Change 4.76% 4.76%
TOTAL ASSETS
Total Short-Term Assets $76.88B $76.88B
Total Long-Term Assets $175.5B $175.5B
Total Assets $252.4B $252.4B
YoY Change 3.67% 3.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $56.81B $56.81B
YoY Change 5.2% 5.2%
Accrued Expenses $30.25B $30.25B
YoY Change -7.22% -7.22%
Deferred Revenue
YoY Change
Short-Term Debt $878.0M $878.0M
YoY Change 136.02% 136.02%
Long-Term Debt Due $4.172B $4.172B
YoY Change -12.32% -12.32%
Total Short-Term Liabilities $92.42B $92.42B
YoY Change -0.05% -0.05%
LONG-TERM LIABILITIES
Long-Term Debt $41.84B $41.84B
YoY Change 5.95% 5.95%
Other Long-Term Liabilities $12.94B $12.94B
YoY Change 0.9% 0.9%
Total Long-Term Liabilities $54.78B $54.78B
YoY Change 4.71% 4.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $92.42B $92.42B
Total Long-Term Liabilities $54.78B $54.78B
Total Liabilities $168.5B $168.5B
YoY Change 1.06% 1.06%
SHAREHOLDERS EQUITY
Retained Earnings $89.81B
YoY Change 8.03%
Common Stock $805.0M
YoY Change 199.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $83.86B $83.86B
YoY Change
Total Liabilities & Shareholders Equity $252.4B $252.4B
YoY Change 3.67% 3.67%

Cashflow Statement

Concept 2024 Q1 2024
OPERATING ACTIVITIES
Net Income $5.494B $15.51B
YoY Change -12.45% 32.8%
Depreciation, Depletion And Amortization $3.117B $11.85B
YoY Change 10.89% 8.3%
Cash From Operating Activities $16.71B $35.73B
YoY Change 24.69% 22.77%
INVESTING ACTIVITIES
Capital Expenditures $5.932B $20.61B
YoY Change 23.69% 22.24%
Acquisitions $9.000M
YoY Change -98.78%
Other Investing Activities $19.00M -$681.0M
YoY Change -51.28% -21.27%
Cash From Investing Activities -$5.913B -$21.29B
YoY Change 24.3% 20.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$1.497B -$2.779B
YoY Change 23.51% -71.99%
Debt Paid & Issued, Net $4.217B
YoY Change 56.82%
Cash From Financing Activities -13.24B -13.41B
YoY Change 15.51% -21.27%
NET CHANGE
Cash From Operating Activities 16.71B 35.73B
Cash From Investing Activities -5.913B -21.29B
Cash From Financing Activities -13.24B -13.41B
Net Change In Cash -2.436B 1.025B
YoY Change -13.37% -118.11%
FREE CASH FLOW
Cash From Operating Activities $16.71B $35.73B
Capital Expenditures $5.932B $20.61B
Free Cash Flow $10.78B $15.12B
YoY Change 25.25% 23.49%

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CY2023Q1 us-gaap Unrecognized Tax Benefits
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CY2024Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2023Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2023Q1 us-gaap Unrecognized Tax Benefits
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CY2022Q1 us-gaap Unrecognized Tax Benefits
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CY2021Q1 us-gaap Unrecognized Tax Benefits
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CY2024 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2024 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2024 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2024 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2024 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2024Q1 us-gaap Unrecognized Tax Benefits
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CY2023Q1 us-gaap Unrecognized Tax Benefits
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CY2022Q1 us-gaap Unrecognized Tax Benefits
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CY2024 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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CY2024 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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CY2024 us-gaap Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage
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CY2024 us-gaap Defined Contribution Plan Cost Recognized
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CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024 us-gaap Revenues
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CY2024 us-gaap Common Stock Dividends Per Share Declared
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CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
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