| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.3B | $4.1B | $3.9B | 3.7% | 9.1% |
| Op. Income | $1.6B | $1.5B | $1.5B | 5.3% | 8.7% |
| Gross Margin | 88.0% | 87.7% | 88.6% | 0.3pp | -0.6pp |
| Net Margin | 29.7% | 30.0% | 32.3% | -0.3pp | -2.6pp |
| EPS (Diluted) | $2.67 | $2.57 | $2.61 | 3.9% | 2.3% |
| Free Cash Flow | $1.7B | $2.0B | $1.7B | -15.1% | -2.6% |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $512M |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $701M |
| Selling & Marketing | $1.2B |
| General & Administrative | $269M |
| SG&A Expenses | $1.4B |
| Other Expenses | $42M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $1.6B |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $277M |
| 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 | $235M |
| EBIT | $1.6B |
| EBITDA | $1.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $512M |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $701M |
| Selling & Marketing | $1.2B |
| General & Administrative | $269M |
| SG&A Expenses | $1.4B |
| Other Expenses | $42M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $1.6B |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $277M |
| 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 | $235M |
| EBIT | $1.6B |
| EBITDA | $1.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $213M |
| Stock-Based Compensation | $322M |
| Deferred Income Tax | $129M |
| Other Non-Cash Items | $41M |
| Change in Working Capital | -$202M |
| OPERATING CASH FLOW | $1.8B |
| Capital Expenditure | -$100M |
| Acquisitions (Net) | -$106M |
| Purchases of Investments | -$316M |
| Sales/Maturities of Investments | $262M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$260M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2.4B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$295M |
| NET CASH FROM FINANCING | -$2.6B |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $2.0B |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.5B |
| PP&E (Net) | $2.1B |
| Goodwill | $12.8B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $0 |
| Tax Assets | $950M |
| Other Non-Current Assets | $874M |
| TOTAL NON-CURRENT ASSETS | $18.5B |
| TOTAL ASSETS | $26.0B |
| Account Payables | $295M |
| Short-Term Debt | $499M |
| Deferred Revenue | $4.9B |
| Other Current Liabilities | $600M |
| TOTAL CURRENT LIABILITIES | $7.2B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $125M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $802M |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $12.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $8.8B |
| Retained Earnings | $25.0B |
| Treasury Stock | -$19.8B |
| Accum. Other Comp. Income | -$177M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.8B |
| TOTAL LIABILITIES & EQUITY | $26.0B |
| Total Debt | $4.7B |
| Net Debt | $1.9B |
