| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.0B | — | 5.6% | — |
| Op. Income | $694M | $847M | — | -18.1% | — |
| Gross Margin | 35.7% | 41.0% | — | -5.3pp | — |
| Net Margin | 22.9% | 29.1% | — | -6.2pp | — |
| EPS (Diluted) | $1.87 | $2.32 | — | -19.4% | — |
| Free Cash Flow | $952M | $968M | — | -1.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $30M |
| SG&A Expenses | $30M |
| Other Expenses | $390M |
| Operating Expenses | $420M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $694M |
| Interest Income | $4M |
| Interest Expense | $32M |
| Other Income/Expenses | $87M |
| INCOME BEFORE TAX | $781M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $717M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $715M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $705M |
| D&A | $23M |
| EBIT | $774M |
| EBITDA | $797M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $30M |
| SG&A Expenses | $30M |
| Other Expenses | $390M |
| Operating Expenses | $420M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $694M |
| Interest Income | $4M |
| Interest Expense | $32M |
| Other Income/Expenses | $87M |
| INCOME BEFORE TAX | $781M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $717M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $715M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $705M |
| D&A | $23M |
| EBIT | $774M |
| EBITDA | $797M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $717M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$83M |
| Change in Working Capital | $265M |
| OPERATING CASH FLOW | $963M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.4B |
| Sales/Maturities of Investments | $3.4B |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$996M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$30M |
| FREE CASH FLOW | $952M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $803M |
| Short-Term Investments | $6.3B |
| Net Receivables | $12.9B |
| Inventory | $0 |
| Other Current Assets | -$22.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $785M |
| Long-Term Investments | $28.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$29.5B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $51.1B |
| Account Payables | $3.6B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3.6B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2.7B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $37.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $16.6B |
| Treasury Stock | -$4.4B |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.0B |
| Minority Interest | $11M |
| TOTAL EQUITY | $14.0B |
| TOTAL LIABILITIES & EQUITY | $51.1B |
| Total Debt | $2.7B |
| Net Debt | $1.9B |
