Operating income decreased 9.2%
Operating income changed -9.2% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$2.4B→$2.2B2 prior comparisons
GROSSPATTERN / DETERMINISTIC EVIDENCE / V3
Search securities →LIN financial changes
Ranked by interpretable importance, issuer history, magnitude, and accounting profile. No directional recommendation.
Current long-term debt decreased 38.3%
Current long-term debt changed -38.3% from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
$2.4B→$1.5B4 prior comparisons
Debt / revenue moved 878 bp lower
Debt / revenue changed -878 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
243.33%→234.55%2 prior comparisons
Working capital increased 22.2%
Working capital changed +22.2% from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
-$2.9B→-$2.2B4 prior comparisons
Revenue increased 9.2%
Revenue changed +9.2% from the comparable as-filed period.
$8.6B→$9.4B2 prior comparisons
Cash / debt moved 361 bp lower
Cash / debt changed -361 basis points from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
21.51%→17.89%4 prior comparisons
Net income decreased 12.3%
Net income changed -12.3% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$1.9B→$1.7B2 prior comparisons
Operating cash flow increased 7.5%
Operating cash flow changed +7.5% from the comparable as-filed period.
$2.9B→$3.2B2 prior comparisons
Inventory / revenue moved 206 bp lower
Inventory / revenue changed -206 basis points from the comparable as-filed period.
24.70%→22.64%2 prior comparisons
Free-cash-flow proxy increased 6.3%
Free-cash-flow proxy changed +6.3% from the comparable as-filed period.
$1.7B→$1.8B2 prior comparisons
Noncurrent long-term debt increased 10.8%
Noncurrent long-term debt changed +10.8% from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
$18.6B→$20.6B4 prior comparisons
Net debt increased 10.1%
Net debt changed +10.1% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$16.5B→$18.1B4 prior comparisons
Operating cash flow / net income increased 22.6%
Operating cash flow / net income changed +22.6% from the comparable as-filed period.
1.53→1.872 prior comparisons
Receivables / revenue moved 238 bp lower
Receivables / revenue changed -238 basis points from the comparable as-filed period.
61.88%→59.50%2 prior comparisons
Reported total debt increased 5.2%
Reported total debt changed +5.2% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$21.0B→$22.1B4 prior comparisons
Gross debt increased 5.2%
Gross debt changed +5.2% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$21.0B→$22.1B4 prior comparisons
Capex / revenue moved 1 bp lower
Capex / revenue changed -1 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
14.81%→14.80%2 prior comparisons
Total assets increased 2.4%
Total assets changed +2.4% from the comparable as-filed period. The change ranks at the 50th percentile of 4 prior comparable changes.
$86.0B→$88.1B4 prior comparisons
Current liabilities decreased 3.4%
Current liabilities changed -3.4% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
$16.2B→$15.6B4 prior comparisons
Shares outstanding decreased 1.7%
Shares outstanding changed -1.7% from the comparable as-filed period. The change ranks at the 0th percentile of 8 prior comparable changes.
466,948,930→459,083,7798 prior comparisons
Capital expenditure increased 9.1%
Capital expenditure changed +9.1% from the comparable as-filed period.
$1.3B→$1.4B2 prior comparisons
Working capital / assets moved 80 bp higher
Working capital / assets changed +80 basis points from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
-3.33%→-2.53%4 prior comparisons
Trade receivables increased 5.0%
Trade receivables changed +5.0% from the comparable as-filed period. The change ranks at the 50th percentile of 4 prior comparable changes.
$5.3B→$5.6B4 prior comparisons
Operating cash-flow margin moved 52 bp lower
Operating cash-flow margin changed -52 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
34.22%→33.70%2 prior comparisons
Short-term borrowings decreased 6.4%
Short-term borrowings changed -6.4% from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
$5.0B→$4.6B4 prior comparisons
Debt / assets moved 67 bp higher
Debt / assets changed +67 basis points from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
24.38%→25.04%4 prior comparisons
Current ratio increased 4.2%
Current ratio changed +4.2% from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
0.82→0.864 prior comparisons
SBC / revenue moved 5 bp lower
SBC / revenue changed -5 basis points from the comparable as-filed period.
0.52%→0.47%2 prior comparisons
Stock-based compensation decreased 2.2%
Stock-based compensation changed -2.2% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$45.0M→$44.0M2 prior comparisons
Selling, general & administrative decreased 0.6%
Selling, general & administrative changed -0.6% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$897.0M→$892.0M2 prior comparisons
Research & development increased 2.8%
Research & development changed +2.8% from the comparable as-filed period.
$36.0M→$37.0M2 prior comparisons
Current assets increased 0.6%
Current assets changed +0.6% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$13.3B→$13.4B4 prior comparisons
Free-cash-flow margin moved 51 bp lower
Free-cash-flow margin changed -51 basis points from the comparable as-filed period.
19.41%→18.90%2 prior comparisons
R&D / revenue moved 2 bp lower
R&D / revenue changed -2 basis points from the comparable as-filed period.
0.42%→0.39%2 prior comparisons
Inventory increased 0.0%
Inventory changed +0.0% from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
$2.1B→$2.1B4 prior comparisons
Revenue increased 9.3%
Revenue changed +9.3% from the comparable as-filed period.
$8.5B→$9.3B2 prior comparisons
Operating income increased 8.5%
Operating income changed +8.5% from the comparable as-filed period.
$2.4B→$2.6B2 prior comparisons
Operating margin moved 22 bp lower
Operating margin changed -22 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
27.71%→27.49%2 prior comparisons
Stock-based compensation decreased 58.7%
Stock-based compensation changed -58.7% from the comparable as-filed period.
$46.0M→$19.0M3 prior comparisons
Inventory / revenue moved 214 bp lower
Inventory / revenue changed -214 basis points from the comparable as-filed period.
24.98%→22.84%2 prior comparisons
Net income increased 9.2%
Net income changed +9.2% from the comparable as-filed period.
$1.8B→$1.9B2 prior comparisons
Net debt increased 12.3%
Net debt changed +12.3% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$16.3B→$18.3B4 prior comparisons
Reported total debt increased 10.0%
Reported total debt changed +10.0% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$21.0B→$23.2B4 prior comparisons
Gross debt increased 10.0%
Gross debt changed +10.0% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$21.0B→$23.2B4 prior comparisons
Current assets increased 4.0%
Current assets changed +4.0% from the comparable as-filed period. The change ranks at the 75th percentile of 4 prior comparable changes.
$13.6B→$14.2B4 prior comparisons
Capex / revenue moved 68 bp higher
Capex / revenue changed +68 basis points from the comparable as-filed period.
14.80%→15.48%2 prior comparisons
Capital expenditure increased 14.4%
Capital expenditure changed +14.4% from the comparable as-filed period.
$1.3B→$1.4B3 prior comparisons
Operating cash flow increased 2.7%
Operating cash flow changed +2.7% from the comparable as-filed period.
$2.2B→$2.3B3 prior comparisons
Operating cash-flow margin moved 158 bp lower
Operating cash-flow margin changed -158 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
26.03%→24.45%2 prior comparisons
Debt / assets moved 176 bp higher
Debt / assets changed +176 basis points from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
24.44%→26.21%4 prior comparisons
Noncurrent long-term debt increased 5.0%
Noncurrent long-term debt changed +5.0% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$19.7B→$20.7B4 prior comparisons
Free-cash-flow margin moved 226 bp lower
Free-cash-flow margin changed -226 basis points from the comparable as-filed period.
11.23%→8.97%2 prior comparisons
Cash / debt moved 159 bp lower
Cash / debt changed -159 basis points from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
22.75%→21.16%4 prior comparisons
Debt / revenue moved 155 bp higher
Debt / revenue changed +155 basis points from the comparable as-filed period.
247.69%→249.24%2 prior comparisons
Total assets increased 2.6%
Total assets changed +2.6% from the comparable as-filed period. The change ranks at the 50th percentile of 4 prior comparable changes.
$86.1B→$88.3B4 prior comparisons
Shares outstanding decreased 1.7%
Shares outstanding changed -1.7% from the comparable as-filed period. The change ranks at the 0th percentile of 8 prior comparable changes.
468,909,532→460,980,1638 prior comparisons
Working capital / assets moved 95 bp lower
Working capital / assets changed -95 basis points from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
-1.26%→-2.21%4 prior comparisons
SBC / revenue moved 34 bp lower
SBC / revenue changed -34 basis points from the comparable as-filed period.
0.54%→0.20%2 prior comparisons
Cash & equivalents increased 2.3%
Cash & equivalents changed +2.3% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$4.8B→$4.9B4 prior comparisons
Research & development decreased 2.6%
Research & development changed -2.6% from the comparable as-filed period.
$38.0M→$37.0M2 prior comparisons
Current ratio decreased 5.1%
Current ratio changed -5.1% from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
0.93→0.884 prior comparisons
Receivables / revenue moved 93 bp lower
Receivables / revenue changed -93 basis points from the comparable as-filed period.
61.57%→60.63%2 prior comparisons
Short-term borrowings decreased 0.4%
Short-term borrowings changed -0.4% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
$4.9B→$4.9B4 prior comparisons
Selling, general & administrative increased 2.4%
Selling, general & administrative changed +2.4% from the comparable as-filed period.
$870.0M→$891.0M2 prior comparisons
Operating cash flow / net income decreased 5.9%
Operating cash flow / net income changed -5.9% from the comparable as-filed period.
1.25→1.182 prior comparisons
R&D / revenue moved 5 bp lower
R&D / revenue changed -5 basis points from the comparable as-filed period.
0.45%→0.40%2 prior comparisons
Inventory unchangedd 0.0%
Inventory changed +0.0% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$2.1B→$2.1B4 prior comparisons
Method Importance combines metric-family relevance, magnitude, issuer-history unusualness, persistence, and financial-statement significance. It is analytical prioritization, not a legal materiality conclusion or investment signal.