| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $4.0B | $2.7B | -6.7% | 40.2% |
| Op. Income | $450M | $1.3B | $174M | -66.5% | 158.6% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 7.0% | 30.5% | -26.0% | -23.5pp | 33.0pp |
| EPS (Diluted) | $0.28 | $1.28 | $-0.68 | -78.1% | 140.9% |
| Free Cash Flow | $2.8B | $2.1B | $1.6B | 33.5% | 76.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.1B |
| General & Administrative | $984M |
| SG&A Expenses | $3.1B |
| Other Expenses | $257M |
| Operating Expenses | $3.3B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $450M |
| Interest Income | $228M |
| Interest Expense | $194M |
| Other Income/Expenses | -$147M |
| INCOME BEFORE TAX | $303M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $266M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $266M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $266M |
| D&A | $161M |
| EBIT | $497M |
| EBITDA | $658M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.1B |
| General & Administrative | $984M |
| SG&A Expenses | $3.1B |
| Other Expenses | $257M |
| Operating Expenses | $3.3B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $450M |
| Interest Income | $228M |
| Interest Expense | $194M |
| Other Income/Expenses | -$147M |
| INCOME BEFORE TAX | $303M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $266M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $266M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $266M |
| D&A | $161M |
| EBIT | $497M |
| EBITDA | $658M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $266M |
| Depreciation & Amortization | $161M |
| Stock-Based Compensation | $113M |
| Deferred Income Tax | -$340M |
| Other Non-Cash Items | $213M |
| Change in Working Capital | $2.5B |
| OPERATING CASH FLOW | $2.9B |
| Capital Expenditure | -$88M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | $1.6B |
| Net Debt Issuance | -$500M |
| Common Stock Repurchased | -$2.1B |
| Common Dividends Paid | $0 |
| Other Financing Activities | $88M |
| NET CASH FROM FINANCING | -$2.6B |
| FREE CASH FLOW | $2.8B |
| Net Change in Cash | $1.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.1B |
| Short-Term Investments | $359M |
| Net Receivables | $2.0B |
| Inventory | $0 |
| Other Current Assets | $430M |
| TOTAL CURRENT ASSETS | $17.6B |
| PP&E (Net) | $1.3B |
| Goodwill | $2.8B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $806M |
| Tax Assets | $368M |
| Other Non-Current Assets | $486M |
| TOTAL NON-CURRENT ASSETS | $7.6B |
| TOTAL ASSETS | $25.2B |
| Account Payables | $2.1B |
| Short-Term Debt | $854M |
| Deferred Revenue | $4.5B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11.1B |
| Long-Term Debt | $11.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $368M |
| Other Non-Current Liabilities | $883M |
| TOTAL NON-CURRENT LIABILITIES | $13.1B |
| TOTAL LIABILITIES | $24.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.7B |
| Retained Earnings | $27.8B |
| Treasury Stock | -$33.2B |
| Accum. Other Comp. Income | -$267M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $25.2B |
| Total Debt | $12.7B |
| Net Debt | -$1.5B |
