| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $3.2B | $3.0B | 4.5% | 12.0% |
| Op. Income | $515M | $449M | $457M | 14.7% | 12.7% |
| Gross Margin | 61.3% | 60.3% | 60.9% | 1.0pp | 0.4pp |
| Net Margin | 9.3% | 4.3% | 3.7% | 4.9pp | 5.6pp |
| EPS (Diluted) | $0.21 | $0.09 | $0.07 | 137.4% | 207.9% |
| Free Cash Flow | $69M | $607M | -$189M | -88.6% | 136.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $337M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $10M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $515M |
| Interest Income | $0 |
| Interest Expense | $67M |
| Other Income/Expenses | -$70M |
| INCOME BEFORE TAX | $445M |
| Income Tax Expense | $131M |
| Net Income from Continuing Ops | $314M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $314M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $300M |
| D&A | $285M |
| EBIT | $511M |
| EBITDA | $796M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $337M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $10M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $515M |
| Interest Income | $0 |
| Interest Expense | $67M |
| Other Income/Expenses | -$70M |
| INCOME BEFORE TAX | $445M |
| Income Tax Expense | $131M |
| Net Income from Continuing Ops | $314M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $314M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $300M |
| D&A | $285M |
| EBIT | $511M |
| EBITDA | $796M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $314M |
| Depreciation & Amortization | $285M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | $19M |
| Other Non-Cash Items | $40M |
| Change in Working Capital | -$523M |
| OPERATING CASH FLOW | $190M |
| Capital Expenditure | -$121M |
| Acquisitions (Net) | -$375M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$484M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$118M |
| NET CASH FROM FINANCING | -$69M |
| FREE CASH FLOW | $69M |
| Net Change in Cash | -$372M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $570M |
| Short-Term Investments | $0 |
| Net Receivables | $2.1B |
| Inventory | $2.0B |
| Other Current Assets | $712M |
| TOTAL CURRENT ASSETS | $5.7B |
| PP&E (Net) | $2.9B |
| Goodwill | $13.3B |
| Intangible Assets | $6.1B |
| Long-Term Investments | $385M |
| Tax Assets | $3.9B |
| Other Non-Current Assets | $697M |
| TOTAL NON-CURRENT ASSETS | $27.2B |
| TOTAL ASSETS | $32.9B |
| Account Payables | $868M |
| Short-Term Debt | $510M |
| Deferred Revenue | $231M |
| Other Current Liabilities | $482M |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $8.5B |
| Deferred Revenue NC | $290M |
| Deferred Tax Liabilities | $210M |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $10.7B |
| TOTAL LIABILITIES | $14.8B |
| Common Stock | $17M |
| Additional Paid-In Capital | $20.4B |
| Retained Earnings | -$450M |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | $178M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.9B |
| Minority Interest | $259M |
| TOTAL EQUITY | $18.1B |
| TOTAL LIABILITIES & EQUITY | $32.9B |
| Total Debt | $9.4B |
| Net Debt | $8.8B |
