| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.5B | $5.3B | $5.0B | 4.5% | 11.7% |
| Op. Income | $339M | $386M | $332M | -12.2% | 2.1% |
| Gross Margin | 17.6% | 17.3% | 17.8% | 0.4pp | -0.2pp |
| Net Margin | 3.9% | 5.0% | 4.8% | -1.1pp | -0.9pp |
| EPS (Diluted) | $1.57 | $1.91 | $1.65 | -17.8% | -4.8% |
| Free Cash Flow | $114M | $264M | $552M | -56.8% | -79.3% |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $4.6B |
| GROSS PROFIT | $976M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $636M |
| Other Expenses | $0 |
| Operating Expenses | $636M |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $339M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $287M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $215M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $215M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $215M |
| D&A | $51M |
| EBIT | $331M |
| EBITDA | $382M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $4.6B |
| GROSS PROFIT | $976M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $636M |
| Other Expenses | $0 |
| Operating Expenses | $636M |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $339M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $287M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $215M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $215M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $215M |
| D&A | $51M |
| EBIT | $331M |
| EBITDA | $382M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $215M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$149M |
| OPERATING CASH FLOW | $148M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | -$2.4B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2.4B |
| Net Debt Issuance | $2.7B |
| Common Stock Repurchased | -$315M |
| Common Dividends Paid | -$68M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | $2.3B |
| FREE CASH FLOW | $114M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $258M |
| Short-Term Investments | $0 |
| Net Receivables | $4.9B |
| Inventory | $928M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.5B |
| PP&E (Net) | $351M |
| Goodwill | $4.4B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $359M |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $13.2B |
| Account Payables | $3.1B |
| Short-Term Debt | $413M |
| Deferred Revenue | $403M |
| Other Current Liabilities | $817M |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $6.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $222M |
| Other Non-Current Liabilities | $235M |
| TOTAL NON-CURRENT LIABILITIES | $7.4B |
| TOTAL LIABILITIES | $12.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$94M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $706M |
| Minority Interest | $0 |
| TOTAL EQUITY | $706M |
| TOTAL LIABILITIES & EQUITY | $13.2B |
| Total Debt | $7.4B |
| Net Debt | $7.1B |
