| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | $4.8B | $4.2B | -5.8% | 9.6% |
| Op. Income | $728M | $671M | $380M | 8.4% | 91.5% |
| Gross Margin | 51.3% | 48.8% | 45.3% | 2.6pp | 6.1pp |
| Net Margin | 18.7% | 15.0% | -3.1% | 3.7pp | 21.8pp |
| EPS (Diluted) | $2.40 | $2.07 | $-0.46 | 15.8% | 620.6% |
| Free Cash Flow | $664M | $866M | -$16M | -23.3% | 4347.7% |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $792M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $817M |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $728M |
| Interest Income | $280M |
| Interest Expense | $117M |
| Other Income/Expenses | $379M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $174M |
| Net Income from Continuing Ops | $933M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $851M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $851M |
| D&A | $538M |
| EBIT | $1.2B |
| EBITDA | $1.8B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $792M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $817M |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $728M |
| Interest Income | $280M |
| Interest Expense | $117M |
| Other Income/Expenses | $379M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $174M |
| Net Income from Continuing Ops | $933M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $851M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $851M |
| D&A | $538M |
| EBIT | $1.2B |
| EBITDA | $1.8B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $851M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $203M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$201M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $853M |
| Capital Expenditure | -$189M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4.6B |
| NET CASH FROM INVESTING | -$4.8B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$336M |
| NET CASH FROM FINANCING | -$336M |
| FREE CASH FLOW | $664M |
| Net Change in Cash | -$4.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.5B |
| Short-Term Investments | $23.3B |
| Net Receivables | $2.3B |
| Inventory | $0 |
| Other Current Assets | $4.4B |
| TOTAL CURRENT ASSETS | $33.5B |
| PP&E (Net) | $4.8B |
| Goodwill | $3.3B |
| Intangible Assets | $3.0B |
| Long-Term Investments | $10.8B |
| Tax Assets | $306M |
| Other Non-Current Assets | $2.8B |
| TOTAL NON-CURRENT ASSETS | $25.1B |
| TOTAL ASSETS | $58.6B |
| Account Payables | $5.0B |
| Short-Term Debt | $3.2B |
| Deferred Revenue | $2.1B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11.4B |
| Long-Term Debt | $9.5B |
| Deferred Revenue NC | $72M |
| Deferred Tax Liabilities | $440M |
| Other Non-Current Liabilities | $316M |
| TOTAL NON-CURRENT LIABILITIES | $11.0B |
| TOTAL LIABILITIES | $22.4B |
| Common Stock | $33.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33.6B |
| Minority Interest | $2.6B |
| TOTAL EQUITY | $36.2B |
| TOTAL LIABILITIES & EQUITY | $58.6B |
| Total Debt | $13.8B |
| Net Debt | $10.3B |
