| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.2B | $6.3B | $5.6B | -0.4% | 11.9% |
| Op. Income | $1.9B | $2.0B | $1.6B | -4.1% | 19.9% |
| Gross Margin | 46.9% | 47.2% | 47.5% | -0.3pp | -0.7pp |
| Net Margin | 24.6% | 28.6% | 23.8% | -4.0pp | 0.8pp |
| EPS (Diluted) | $1.74 | $2.00 | $1.43 | -13.0% | 21.7% |
| Free Cash Flow | $205M | $2.5B | $983M | -91.8% | -79.1% |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $686M |
| Selling & Marketing | $173M |
| General & Administrative | $174M |
| SG&A Expenses | $347M |
| Other Expenses | $0 |
| Operating Expenses | $1.0B |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $1.9B |
| Interest Income | $28M |
| Interest Expense | $58M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $328M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $111M |
| EBIT | $1.9B |
| EBITDA | $2.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $686M |
| Selling & Marketing | $173M |
| General & Administrative | $174M |
| SG&A Expenses | $347M |
| Other Expenses | $0 |
| Operating Expenses | $1.0B |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $1.9B |
| Interest Income | $28M |
| Interest Expense | $58M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $328M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $111M |
| EBIT | $1.9B |
| EBITDA | $2.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $111M |
| Stock-Based Compensation | $101M |
| Deferred Income Tax | -$257M |
| Other Non-Cash Items | -$24M |
| Change in Working Capital | -$1.1B |
| OPERATING CASH FLOW | $415M |
| Capital Expenditure | -$210M |
| Acquisitions (Net) | $203M |
| Purchases of Investments | -$524M |
| Sales/Maturities of Investments | $321M |
| Other Investing Activities | -$203M |
| NET CASH FROM INVESTING | -$413M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.8B |
| Common Dividends Paid | -$211M |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$1.9B |
| FREE CASH FLOW | $205M |
| Net Change in Cash | -$1.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $591M |
| Net Receivables | $5.1B |
| Inventory | $5.0B |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $15.2B |
| PP&E (Net) | $2.5B |
| Goodwill | $3.5B |
| Intangible Assets | $85M |
| Long-Term Investments | $2.1B |
| Tax Assets | $1.5B |
| Other Non-Current Assets | $588M |
| TOTAL NON-CURRENT ASSETS | $10.2B |
| TOTAL ASSETS | $25.5B |
| Account Payables | $1.6B |
| Short-Term Debt | $82M |
| Deferred Revenue | $2.6B |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $6.7B |
| Long-Term Debt | $5.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $13.9B |
| Common Stock | $9M |
| Additional Paid-In Capital | $8.3B |
| Retained Earnings | $35.1B |
| Treasury Stock | -$31.6B |
| Accum. Other Comp. Income | -$275M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.6B |
| TOTAL LIABILITIES & EQUITY | $25.5B |
| Total Debt | $5.8B |
| Net Debt | $2.5B |
