| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.5B | $10.9B | $10.7B | 4.9% | 7.2% |
| Op. Income | $2.4B | $2.6B | $2.4B | -6.7% | 1.4% |
| Gross Margin | 54.1% | 55.5% | 53.1% | -1.3pp | 1.0pp |
| Net Margin | 17.3% | 19.2% | 20.2% | -1.9pp | -2.9pp |
| EPS (Diluted) | $1.12 | $1.17 | $1.21 | -4.3% | -7.4% |
| Free Cash Flow | $2.5B | $2.2B | $3.1B | 9.5% | -21.4% |
| Item | Amount |
|---|---|
| REVENUE | $11.5B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $6.2B |
| R&D Expenses | $758M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.0B |
| Other Expenses | $0 |
| Operating Expenses | $3.8B |
| Cost & Expenses | $9.0B |
| OPERATING INCOME | $2.4B |
| Interest Income | $11M |
| Interest Expense | $89M |
| Other Income/Expenses | -$120M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $338M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $883M |
| EBIT | $2.4B |
| EBITDA | $3.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.5B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $6.2B |
| R&D Expenses | $758M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.0B |
| Other Expenses | $0 |
| Operating Expenses | $3.8B |
| Cost & Expenses | $9.0B |
| OPERATING INCOME | $2.4B |
| Interest Income | $11M |
| Interest Expense | $89M |
| Other Income/Expenses | -$120M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $338M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $883M |
| EBIT | $2.4B |
| EBITDA | $3.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $883M |
| Stock-Based Compensation | $106M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $195M |
| Change in Working Capital | -$106M |
| OPERATING CASH FLOW | $3.1B |
| Capital Expenditure | -$614M |
| Acquisitions (Net) | -$134M |
| Purchases of Investments | -$173M |
| Sales/Maturities of Investments | $77M |
| Other Investing Activities | $173M |
| NET CASH FROM INVESTING | -$671M |
| Net Debt Issuance | -$196M |
| Common Stock Repurchased | -$974M |
| Common Dividends Paid | -$798M |
| Other Financing Activities | $82M |
| NET CASH FROM FINANCING | -$1.9B |
| FREE CASH FLOW | $2.5B |
| Net Change in Cash | $497M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.8B |
| Short-Term Investments | $450M |
| Net Receivables | $6.5B |
| Inventory | $5.2B |
| Other Current Assets | $2.3B |
| TOTAL CURRENT ASSETS | $24.2B |
| PP&E (Net) | $10.1B |
| Goodwill | $23.2B |
| Intangible Assets | $12.7B |
| Long-Term Investments | $903M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.0B |
| TOTAL NON-CURRENT ASSETS | $51.0B |
| TOTAL ASSETS | $75.2B |
| Account Payables | $4.4B |
| Short-Term Debt | $999M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.8B |
| TOTAL CURRENT LIABILITIES | $13.1B |
| Long-Term Debt | $17.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $5.7B |
| TOTAL NON-CURRENT LIABILITIES | $26.1B |
| TOTAL LIABILITIES | $39.2B |
| Common Stock | $24.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $31.5B |
| Treasury Stock | -$11.8B |
| Accum. Other Comp. Income | -$8.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $35.8B |
| Minority Interest | $222M |
| TOTAL EQUITY | $36.0B |
| TOTAL LIABILITIES & EQUITY | $75.2B |
| Total Debt | $19.3B |
| Net Debt | $9.5B |
