| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.3B | $6.1B | $5.2B | 2.4% | 21.5% |
| Op. Income | $2.0B | $2.0B | $1.3B | -1.9% | 54.0% |
| Gross Margin | 47.2% | 48.1% | 45.5% | -0.9pp | 1.7pp |
| Net Margin | 28.6% | 28.0% | 21.9% | 0.6pp | 6.7pp |
| EPS (Diluted) | $2.00 | $1.89 | $1.22 | 5.8% | 63.9% |
| Free Cash Flow | $2.5B | $942M | $1.3B | 166.9% | 93.4% |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $654M |
| Selling & Marketing | $167M |
| General & Administrative | $166M |
| SG&A Expenses | $333M |
| Other Expenses | $0 |
| Operating Expenses | $987M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $2.0B |
| Interest Income | $6M |
| Interest Expense | $57M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $102M |
| EBIT | $2.0B |
| EBITDA | $2.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $654M |
| Selling & Marketing | $167M |
| General & Administrative | $166M |
| SG&A Expenses | $333M |
| Other Expenses | $0 |
| Operating Expenses | $987M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $2.0B |
| Interest Income | $6M |
| Interest Expense | $57M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $102M |
| EBIT | $2.0B |
| EBITDA | $2.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.8B |
| Depreciation & Amortization | $102M |
| Stock-Based Compensation | $118M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $633M |
| OPERATING CASH FLOW | $2.7B |
| Capital Expenditure | -$144M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$312M |
| Sales/Maturities of Investments | $318M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$138M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.8B |
| Common Dividends Paid | -$214M |
| Other Financing Activities | -$235M |
| NET CASH FROM FINANCING | -$2.3B |
| FREE CASH FLOW | $2.5B |
| Net Change in Cash | $268M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.3B |
| Short-Term Investments | $473M |
| Net Receivables | $4.6B |
| Inventory | $4.5B |
| Other Current Assets | $865M |
| TOTAL CURRENT ASSETS | $15.7B |
| PP&E (Net) | $2.3B |
| Goodwill | $3.5B |
| Intangible Assets | $94M |
| Long-Term Investments | $2.0B |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $262M |
| TOTAL NON-CURRENT ASSETS | $9.7B |
| TOTAL ASSETS | $25.4B |
| Account Payables | $1.5B |
| Short-Term Debt | $76M |
| Deferred Revenue | $2.4B |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $6.3B |
| Long-Term Debt | $5.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $7.3B |
| TOTAL LIABILITIES | $13.5B |
| Common Stock | $9M |
| Additional Paid-In Capital | $8.1B |
| Retained Earnings | $33.8B |
| Treasury Stock | -$29.8B |
| Accum. Other Comp. Income | -$278M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.9B |
| TOTAL LIABILITIES & EQUITY | $25.4B |
| Total Debt | $5.8B |
| Net Debt | $493M |
