| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.2B | $6.8B | $5.9B | -8.9% | 5.7% |
| Op. Income | $2.5B | $2.3B | $2.1B | 8.5% | 17.4% |
| Gross Margin | 75.0% | 74.9% | 74.8% | 0.1pp | 0.2pp |
| Net Margin | 23.7% | 27.7% | 27.9% | -4.1pp | -4.2pp |
| EPS (Diluted) | $2.68 | $3.36 | $2.83 | -20.2% | -5.3% |
| Free Cash Flow | $2.0B | $2.5B | $1.9B | -21.7% | 1.9% |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $959M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | -$10M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $2.5B |
| Interest Income | $0 |
| Interest Expense | $295M |
| Other Income/Expenses | -$825M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $199M |
| 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 | $841M |
| EBIT | $2.0B |
| EBITDA | $2.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $959M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | -$10M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $2.5B |
| Interest Income | $0 |
| Interest Expense | $295M |
| Other Income/Expenses | -$825M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $199M |
| 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 | $841M |
| EBIT | $2.0B |
| EBITDA | $2.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $841M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$251M |
| Other Non-Cash Items | $545M |
| Change in Working Capital | -$447M |
| OPERATING CASH FLOW | $2.2B |
| Capital Expenditure | -$190M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $32M |
| Other Investing Activities | $47M |
| NET CASH FROM INVESTING | -$111M |
| Net Debt Issuance | $4.0B |
| Common Stock Repurchased | -$6.4B |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | -$3.5B |
| FREE CASH FLOW | $2.0B |
| Net Change in Cash | -$1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.5B |
| Short-Term Investments | $16M |
| Net Receivables | $5.1B |
| Inventory | $4.4B |
| Other Current Assets | $2.5B |
| TOTAL CURRENT ASSETS | $18.5B |
| PP&E (Net) | $5.1B |
| Goodwill | $14.9B |
| Intangible Assets | $14.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.1B |
| TOTAL NON-CURRENT ASSETS | $40.7B |
| TOTAL ASSETS | $59.2B |
| Account Payables | $1.4B |
| Short-Term Debt | $844M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $12.9B |
| Long-Term Debt | $36.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.4B |
| TOTAL NON-CURRENT LIABILITIES | $45.4B |
| TOTAL LIABILITIES | $58.3B |
| Common Stock | $31.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$29.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$763M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $916M |
| Minority Interest | $0 |
| TOTAL EQUITY | $916M |
| TOTAL LIABILITIES & EQUITY | $59.2B |
| Total Debt | $36.9B |
| Net Debt | $30.3B |
