| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.7B | $10.1B | $11.9B | -3.4% | -18.1% |
| Op. Income | $1.4B | $1.4B | $2.9B | -2.8% | -51.5% |
| Gross Margin | 49.3% | 49.3% | 53.5% | 0.0pp | -4.2pp |
| Net Margin | 13.5% | 10.2% | 20.6% | 3.3pp | -7.0pp |
| EPS (Diluted) | $0.75 | $0.59 | $1.38 | 27.1% | -45.7% |
| Free Cash Flow | $763M | $1.7B | $1.7B | -55.5% | -56.3% |
| Item | Amount |
|---|---|
| REVENUE | $9.7B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $4.8B |
| R&D Expenses | $654M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.8B |
| Other Expenses | $0 |
| Operating Expenses | $3.4B |
| Cost & Expenses | $8.3B |
| OPERATING INCOME | $1.4B |
| Interest Income | $101M |
| Interest Expense | $162M |
| Other Income/Expenses | $162M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $244M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $806M |
| EBIT | $1.7B |
| EBITDA | $2.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $9.7B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $4.8B |
| R&D Expenses | $654M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.8B |
| Other Expenses | $0 |
| Operating Expenses | $3.4B |
| Cost & Expenses | $8.3B |
| OPERATING INCOME | $1.4B |
| Interest Income | $101M |
| Interest Expense | $162M |
| Other Income/Expenses | $162M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $244M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $806M |
| EBIT | $1.7B |
| EBITDA | $2.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $806M |
| Stock-Based Compensation | $281M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$1.3B |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$380M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$86M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$462M |
| Net Debt Issuance | -$42M |
| Common Stock Repurchased | -$540M |
| Common Dividends Paid | -$890M |
| Other Financing Activities | $62M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $763M |
| Net Change in Cash | -$721M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.2B |
| Short-Term Investments | $371M |
| Net Receivables | $6.0B |
| Inventory | $6.7B |
| Other Current Assets | $2.2B |
| TOTAL CURRENT ASSETS | $24.4B |
| PP&E (Net) | $9.3B |
| Goodwill | $22.9B |
| Intangible Assets | $10.0B |
| Long-Term Investments | $776M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.4B |
| TOTAL NON-CURRENT ASSETS | $49.4B |
| TOTAL ASSETS | $73.8B |
| Account Payables | $4.2B |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.6B |
| TOTAL CURRENT LIABILITIES | $14.5B |
| Long-Term Debt | $14.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.4B |
| TOTAL NON-CURRENT LIABILITIES | $22.0B |
| TOTAL LIABILITIES | $36.6B |
| Common Stock | $24.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $35.9B |
| Treasury Stock | -$15.3B |
| Accum. Other Comp. Income | -$8.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $37.0B |
| Minority Interest | $222M |
| TOTAL EQUITY | $37.2B |
| TOTAL LIABILITIES & EQUITY | $73.8B |
| Total Debt | $16.9B |
| Net Debt | $7.7B |
