2022 Q1 Form 10-Q Financial Statement

#000007290322000027 Filed on April 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $3.751B $3.541B
YoY Change 5.93% 25.97%
Cost Of Revenue $720.0M $307.0M
YoY Change 134.53% 4.42%
Gross Profit $3.031B $3.234B
YoY Change -6.28% 28.49%
Gross Profit Margin 80.81% 91.33%
Selling, General & Admin $155.0M $73.00M
YoY Change 112.33% -1.35%
% of Gross Profit 5.11% 2.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $597.0M $547.0M
YoY Change 9.14% 9.62%
% of Gross Profit 19.7% 16.91%
Operating Expenses $2.521B $2.727B
YoY Change -7.55% 32.64%
Operating Profit $510.0M $507.0M
YoY Change 0.59% 11.43%
Interest Expense $214.0M $205.0M
YoY Change 4.39% 3.02%
% of Operating Profit 41.96% 40.43%
Other Income/Expense, Net $1.000M $5.000M
YoY Change -80.0% -145.45%
Pretax Income $330.0M $340.0M
YoY Change -2.94% 17.65%
Income Tax -$50.00M -$22.00M
% Of Pretax Income -15.15% -6.47%
Net Earnings $380.0M $362.0M
YoY Change 4.97% 22.71%
Net Earnings / Revenue 10.13% 10.22%
Basic Earnings Per Share $0.70 $0.67
Diluted Earnings Per Share $0.70 $0.67
COMMON SHARES
Basic Shares Outstanding 545.0M shares 538.0M shares
Diluted Shares Outstanding 545.0M shares 539.0M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.00M $1.039B
YoY Change -91.34% 325.82%
Cash & Equivalents $90.00M $1.039B
Short-Term Investments
Other Short-Term Assets $2.237B $1.848B
YoY Change 21.05% 30.88%
Inventory $505.0M $469.0M
Prepaid Expenses
Receivables $1.190B $959.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.022B $4.315B
YoY Change -6.79% 44.65%
LONG-TERM ASSETS
Property, Plant & Equipment $45.84B $43.58B
YoY Change 5.17% 6.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $215.0M $170.0M
YoY Change 26.47% 7.59%
Other Assets $460.0M $409.0M
YoY Change 12.47% -20.74%
Total Long-Term Assets $53.96B $52.20B
YoY Change 3.39% 8.4%
TOTAL ASSETS
Total Short-Term Assets $4.022B $4.315B
Total Long-Term Assets $53.96B $52.20B
Total Assets $57.99B $56.51B
YoY Change 2.61% 10.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.257B $1.213B
YoY Change 3.63% 21.79%
Accrued Expenses $412.0M $412.0M
YoY Change 0.0% 32.9%
Deferred Revenue
YoY Change
Short-Term Debt $996.0M $1.477B
YoY Change -32.57% -16.32%
Long-Term Debt Due $855.0M $25.00M
YoY Change 3320.0% -97.73%
Total Short-Term Liabilities $5.352B $4.877B
YoY Change 9.74% -16.48%
LONG-TERM LIABILITIES
Long-Term Debt $21.60B $21.54B
YoY Change 0.28% 26.64%
Other Long-Term Liabilities $158.0M $225.0M
YoY Change -29.78% 14.8%
Total Long-Term Liabilities $158.0M $225.0M
YoY Change -29.78% 14.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.352B $4.877B
Total Long-Term Liabilities $158.0M $225.0M
Total Liabilities $5.510B $5.102B
YoY Change 8.0% -15.46%
SHAREHOLDERS EQUITY
Retained Earnings $6.686B $6.082B
YoY Change 9.93% 11.03%
Common Stock $9.162B $8.756B
YoY Change 4.64% 9.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.73B $14.70B
YoY Change
Total Liabilities & Shareholders Equity $57.99B $56.51B
YoY Change 2.61% 10.52%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $380.0M $362.0M
YoY Change 4.97% 22.71%
Depreciation, Depletion And Amortization $597.0M $547.0M
YoY Change 9.14% 9.62%
Cash From Operating Activities $1.140B -$136.0M
YoY Change -938.24% -120.33%
INVESTING ACTIVITIES
Capital Expenditures -$942.0M -$1.024B
YoY Change -8.01% -36.28%
Acquisitions
YoY Change
Other Investing Activities $1.000M $6.000M
YoY Change -83.33% -200.0%
Cash From Investing Activities -$952.0M -$1.035B
YoY Change -8.02% -35.55%
FINANCING ACTIVITIES
Cash Dividend Paid $240.0M $223.0M
YoY Change 7.62% 9.31%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $400.0M
YoY Change -100.0%
Cash From Financing Activities -$264.0M $2.081B
YoY Change -112.69% 123.04%
NET CHANGE
Cash From Operating Activities $1.140B -$136.0M
Cash From Investing Activities -$952.0M -$1.035B
Cash From Financing Activities -$264.0M $2.081B
Net Change In Cash -$76.00M $910.0M
YoY Change -108.35% -22850.0%
FREE CASH FLOW
Cash From Operating Activities $1.140B -$136.0M
Capital Expenditures -$942.0M -$1.024B
Free Cash Flow $2.082B $888.0M
YoY Change 134.46% -60.98%

Facts In Submission

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