| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $653M | $695M | $665M | -6.0% | -1.7% |
| Op. Income | $262M | $282M | $339M | -6.9% | -22.8% |
| Gross Margin | 97.0% | 99.3% | 105.7% | -2.3pp | -8.7pp |
| Net Margin | 32.4% | 29.6% | 39.5% | 2.8pp | -7.1pp |
| EPS (Diluted) | $2.69 | $2.58 | $3.12 | 4.3% | -13.8% |
| Free Cash Flow | $182M | $285M | $173M | -36.3% | 5.5% |
| Item | Amount |
|---|---|
| REVENUE | $653M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $634M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $174M |
| SG&A Expenses | $189M |
| Other Expenses | $182M |
| Operating Expenses | $371M |
| Cost & Expenses | $391M |
| OPERATING INCOME | $262M |
| Interest Income | $530M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $262M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $212M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $212M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $211M |
| D&A | $15M |
| EBIT | $262M |
| EBITDA | $277M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $653M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $634M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $174M |
| SG&A Expenses | $189M |
| Other Expenses | $182M |
| Operating Expenses | $371M |
| Cost & Expenses | $391M |
| OPERATING INCOME | $262M |
| Interest Income | $530M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $262M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $212M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $212M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $211M |
| D&A | $15M |
| EBIT | $262M |
| EBITDA | $277M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $212M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $22M |
| Other Non-Cash Items | -$161M |
| Change in Working Capital | $101M |
| OPERATING CASH FLOW | $197M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.7B |
| Sales/Maturities of Investments | $10.6B |
| Other Investing Activities | -$331M |
| NET CASH FROM INVESTING | $4.5B |
| Net Debt Issuance | -$77M |
| Common Stock Repurchased | -$401M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | -$4.2B |
| NET CASH FROM FINANCING | -$4.7B |
| FREE CASH FLOW | $182M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.5B |
| Short-Term Investments | $26.3B |
| Net Receivables | $1.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $38.8B |
| PP&E (Net) | $640M |
| Goodwill | $720M |
| Intangible Assets | $141M |
| Long-Term Investments | $28.2B |
| Tax Assets | $776M |
| Other Non-Current Assets | $363M |
| TOTAL NON-CURRENT ASSETS | $30.8B |
| TOTAL ASSETS | $69.5B |
| Account Payables | $137M |
| Short-Term Debt | $85M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $62.9B |
| TOTAL CURRENT LIABILITIES | $63.4B |
| Long-Term Debt | $988M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $284M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $64.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | $3.1B |
| Treasury Stock | -$1.7B |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $69.5B |
| Total Debt | $1.2B |
| Net Debt | -$9.3B |
