| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.4B | $5.6B | $5.9B | -4.4% | -9.1% |
| Op. Income | -$145M | -$149M | $951M | 2.7% | -115.2% |
| Gross Margin | 44.1% | 42.9% | 47.9% | 1.2pp | -3.8pp |
| Net Margin | -2.6% | 0.4% | 13.4% | -3.0pp | -15.9pp |
| EPS (Diluted) | $-0.09 | $0.01 | $0.56 | -792.3% | -116.1% |
| Free Cash Flow | $328M | $443M | $924M | -26.0% | -64.5% |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $585M |
| Other Expenses | $508M |
| Operating Expenses | $2.5B |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | -$145M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | -$126M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | -$139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$139M |
| D&A | $1.0B |
| EBIT | -$102M |
| EBITDA | $904M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$139M |
| Depreciation & Amortization | $1.0B |
| Stock-Based Compensation | $309M |
| Deferred Income Tax | -$308M |
| Other Non-Cash Items | -$77M |
| Change in Working Capital | -$305M |
| OPERATING CASH FLOW | $486M |
| Capital Expenditure | -$158M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.7B |
| Sales/Maturities of Investments | $618M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$262M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$259M |
| FREE CASH FLOW | $328M |
| Net Change in Cash | -$1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.8B |
| Short-Term Investments | $2.1B |
| Net Receivables | $4.0B |
| Inventory | $4.2B |
| Other Current Assets | $575M |
| TOTAL CURRENT ASSETS | $15.7B |
| PP&E (Net) | $1.9B |
| Goodwill | $24.2B |
| Intangible Assets | $23.3B |
| Long-Term Investments | $84M |
| Tax Assets | $67M |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $52.0B |
| TOTAL ASSETS | $67.6B |
| Account Payables | $2.5B |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $241M |
| TOTAL CURRENT LIABILITIES | $6.6B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.6B |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $12.9B |
| Common Stock | $16M |
| Additional Paid-In Capital | $58.3B |
| Retained Earnings | -$270M |
| Treasury Stock | -$3.4B |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $54.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $54.7B |
| TOTAL LIABILITIES & EQUITY | $67.6B |
| Total Debt | $2.8B |
| Net Debt | -$977M |
