| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.9B | $8.9B | $7.7B | -0.2% | 15.7% |
| Op. Income | $4.1B | $4.0B | $3.1B | 2.9% | 31.2% |
| Gross Margin | 67.3% | 66.4% | 65.5% | 1.0pp | 1.8pp |
| Net Margin | 42.3% | 37.6% | 32.1% | 4.7pp | 10.3pp |
| EPS (Diluted) | $0.88 | $0.77 | $0.56 | 14.3% | 57.1% |
| Free Cash Flow | $3.9B | $4.5B | $3.4B | -11.8% | 16.2% |
| Item | Amount |
|---|---|
| REVENUE | $8.9B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $6.0B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $348M |
| SG&A Expenses | $348M |
| Other Expenses | $358M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $4.1B |
| Interest Income | $0 |
| Interest Expense | $406M |
| Other Income/Expenses | -$263M |
| INCOME BEFORE TAX | $3.8B |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $3.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.8B |
| D&A | $1.0B |
| EBIT | $4.2B |
| EBITDA | $5.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.9B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $6.0B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $348M |
| SG&A Expenses | $348M |
| Other Expenses | $358M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $4.1B |
| Interest Income | $0 |
| Interest Expense | $406M |
| Other Income/Expenses | -$263M |
| INCOME BEFORE TAX | $3.8B |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $3.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.8B |
| D&A | $1.0B |
| EBIT | $4.2B |
| EBITDA | $5.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.8B |
| Depreciation & Amortization | $1.0B |
| Stock-Based Compensation | $391M |
| Deferred Income Tax | -$573M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$581M |
| OPERATING CASH FLOW | $4.0B |
| Capital Expenditure | -$103M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$103M |
| Net Debt Issuance | -$260M |
| Common Stock Repurchased | -$1.5B |
| Common Dividends Paid | -$1.9B |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$3.7B |
| FREE CASH FLOW | $3.9B |
| Net Change in Cash | $231M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12.6B |
| Short-Term Investments | $0 |
| Net Receivables | $3.2B |
| Inventory | $1.9B |
| Other Current Assets | $447M |
| TOTAL CURRENT ASSETS | $18.8B |
| PP&E (Net) | $2.2B |
| Goodwill | $43.6B |
| Intangible Assets | $6.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $54.1B |
| TOTAL ASSETS | $73.0B |
| Account Payables | $923M |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $3.1B |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $7.5B |
| Long-Term Debt | $38.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.0B |
| TOTAL NON-CURRENT LIABILITIES | $42.2B |
| TOTAL LIABILITIES | $49.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $21.1B |
| Retained Earnings | $2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$180M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $23.3B |
| TOTAL LIABILITIES & EQUITY | $73.0B |
| Total Debt | $39.3B |
| Net Debt | $26.6B |
