| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.8B | $1.7B | 3.6% | 68.7% |
| Op. Income | $664M | $828M | $536M | -19.8% | 23.9% |
| Gross Margin | 67.9% | 75.3% | 96.0% | -7.4pp | -28.1pp |
| Net Margin | 17.7% | 23.4% | 24.5% | -5.7pp | -6.8pp |
| EPS (Diluted) | $1.00 | $1.25 | $0.93 | -20.0% | 7.5% |
| Free Cash Flow | $1.1B | $1.5B | $1.5B | -24.3% | -26.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $927M |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $38M |
| General & Administrative | $694M |
| SG&A Expenses | $732M |
| Other Expenses | $564M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $664M |
| Interest Income | $2.4B |
| Interest Expense | $759M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $664M |
| Income Tax Expense | $153M |
| Net Income from Continuing Ops | $511M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $511M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $488M |
| D&A | $118M |
| EBIT | $664M |
| EBITDA | $782M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $927M |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $38M |
| General & Administrative | $694M |
| SG&A Expenses | $732M |
| Other Expenses | $564M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $664M |
| Interest Income | $2.4B |
| Interest Expense | $759M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $664M |
| Income Tax Expense | $153M |
| Net Income from Continuing Ops | $511M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $511M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $488M |
| D&A | $118M |
| EBIT | $664M |
| EBITDA | $782M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $511M |
| Depreciation & Amortization | $118M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | -$63M |
| Other Non-Cash Items | $82M |
| Change in Working Capital | $473M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $2.0B |
| Other Investing Activities | $767M |
| NET CASH FROM INVESTING | $1.5B |
| Net Debt Issuance | $4.0B |
| Common Stock Repurchased | -$400M |
| Common Dividends Paid | -$205M |
| Other Financing Activities | -$8.6B |
| NET CASH FROM FINANCING | -$5.2B |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$2.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.3B |
| Short-Term Investments | $22.5B |
| Net Receivables | $1.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $32.2B |
| PP&E (Net) | $866M |
| Goodwill | $8.2B |
| Intangible Assets | $185M |
| Long-Term Investments | $163.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $17.6B |
| TOTAL NON-CURRENT ASSETS | $190.1B |
| TOTAL ASSETS | $222.3B |
| Account Payables | $0 |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $172.2B |
| TOTAL CURRENT LIABILITIES | $173.2B |
| Long-Term Debt | $18.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.0B |
| TOTAL NON-CURRENT LIABILITIES | $24.8B |
| TOTAL LIABILITIES | $198.1B |
| Common Stock | $6M |
| Additional Paid-In Capital | $22.2B |
| Retained Earnings | $9.4B |
| Treasury Stock | -$5.5B |
| Accum. Other Comp. Income | -$3.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $24.2B |
| TOTAL LIABILITIES & EQUITY | $222.3B |
| Total Debt | $19.9B |
| Net Debt | $11.6B |
