| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.4B | 1.3% | 1.7% |
| Op. Income | $361M | $445M | $335M | -18.9% | 7.8% |
| Gross Margin | 21.2% | 15.0% | 24.1% | 6.3pp | -2.9pp |
| Net Margin | 19.9% | 24.7% | 29.3% | -4.8pp | -9.3pp |
| EPS (Diluted) | $3.40 | $4.18 | $4.84 | -18.7% | -29.8% |
| Free Cash Flow | $480M | $227M | $614M | 111.5% | -21.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $309M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$52M |
| Operating Expenses | -$52M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $361M |
| Interest Income | $7M |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $361M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $290M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $290M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $290M |
| D&A | $26M |
| EBIT | $384M |
| EBITDA | $410M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $309M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$52M |
| Operating Expenses | -$52M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $361M |
| Interest Income | $7M |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $361M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $290M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $290M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $290M |
| D&A | $26M |
| EBIT | $384M |
| EBITDA | $410M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $290M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$110M |
| Change in Working Capital | $297M |
| OPERATING CASH FLOW | $503M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$269M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$216M |
| Other Financing Activities | -$76M |
| NET CASH FROM FINANCING | -$342M |
| FREE CASH FLOW | $480M |
| Net Change in Cash | -$950M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $111M |
| Goodwill | $246M |
| Intangible Assets | $104M |
| Long-Term Investments | $14.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.9B |
| TOTAL NON-CURRENT ASSETS | $21.8B |
| TOTAL ASSETS | $24.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $2.3B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15.1B |
| TOTAL NON-CURRENT LIABILITIES | $17.2B |
| TOTAL LIABILITIES | $19.5B |
| Common Stock | $85M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$131M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $24.4B |
| Total Debt | $2.2B |
| Net Debt | $990M |
