| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.1B | $6.8B | $6.2B | -10.7% | -2.1% |
| Op. Income | $1.9B | $2.2B | $2.5B | -13.9% | -23.2% |
| Gross Margin | 71.8% | 74.5% | 75.0% | -2.6pp | -3.1pp |
| Net Margin | 46.5% | 23.6% | 23.7% | 22.9pp | 22.9pp |
| EPS (Diluted) | $5.28 | $3.00 | $2.68 | 76.0% | 97.0% |
| Free Cash Flow | $720M | $2.3B | $2.0B | -68.8% | -63.5% |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $148M |
| Operating Expenses | $2.5B |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $1.9B |
| Interest Income | $0 |
| Interest Expense | $543M |
| Other Income/Expenses | $1.5B |
| INCOME BEFORE TAX | $3.4B |
| Income Tax Expense | $601M |
| Net Income from Continuing Ops | $2.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.8B |
| D&A | $900M |
| EBIT | $4.0B |
| EBITDA | $4.9B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $148M |
| Operating Expenses | $2.5B |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $1.9B |
| Interest Income | $0 |
| Interest Expense | $543M |
| Other Income/Expenses | $1.5B |
| INCOME BEFORE TAX | $3.4B |
| Income Tax Expense | $601M |
| Net Income from Continuing Ops | $2.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.8B |
| D&A | $900M |
| EBIT | $4.0B |
| EBITDA | $4.9B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $2.8B |
| Depreciation & Amortization | $900M |
| Stock-Based Compensation | $47M |
| Deferred Income Tax | -$49M |
| Other Non-Cash Items | -$1.9B |
| Change in Working Capital | -$754M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$344M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | $28M |
| NET CASH FROM INVESTING | $1.4B |
| Net Debt Issuance | $23.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | -$448M |
| NET CASH FROM FINANCING | $21.5B |
| FREE CASH FLOW | $720M |
| Net Change in Cash | $23.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31.6B |
| Short-Term Investments | $1M |
| Net Receivables | $5.7B |
| Inventory | $5.0B |
| Other Current Assets | $2.4B |
| TOTAL CURRENT ASSETS | $44.7B |
| PP&E (Net) | $5.5B |
| Goodwill | $15.5B |
| Intangible Assets | $15.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.6B |
| TOTAL NON-CURRENT ASSETS | $44.0B |
| TOTAL ASSETS | $88.7B |
| Account Payables | $1.3B |
| Short-Term Debt | $834M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $14.2B |
| Long-Term Debt | $60.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.4B |
| TOTAL NON-CURRENT LIABILITIES | $69.2B |
| TOTAL LIABILITIES | $83.4B |
| Common Stock | $32.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$26.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$268M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $88.7B |
| Total Debt | $61.6B |
| Net Debt | $30.0B |
