| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.9B | $2.8B | -2.7% | 1.6% |
| Op. Income | $355M | $330M | $378M | 7.6% | -6.1% |
| Gross Margin | 36.4% | 31.3% | 33.9% | 5.2pp | 2.5pp |
| Net Margin | 10.3% | 9.0% | 11.1% | 1.3pp | -0.8pp |
| EPS (Diluted) | $1.15 | $0.98 | $1.14 | 17.3% | 0.9% |
| Free Cash Flow | $633M | $633M | $79M | 0.0% | 701.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $690M |
| Operating Expenses | $690M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $355M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $355M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $295M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $295M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $295M |
| D&A | $13M |
| EBIT | $383M |
| EBITDA | $396M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $690M |
| Operating Expenses | $690M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $355M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $355M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $295M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $295M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $295M |
| D&A | $13M |
| EBIT | $383M |
| EBITDA | $396M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $295M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | -$129M |
| Change in Working Capital | $454M |
| OPERATING CASH FLOW | $645M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$2.6B |
| Sales/Maturities of Investments | $2.5B |
| Other Investing Activities | $30M |
| NET CASH FROM INVESTING | -$129M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | -$657M |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$688M |
| FREE CASH FLOW | $633M |
| Net Change in Cash | -$175M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $361M |
| Short-Term Investments | $1.3B |
| Net Receivables | $8.4B |
| Inventory | $0 |
| Other Current Assets | -$10.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $225M |
| Goodwill | $147M |
| Intangible Assets | $0 |
| Long-Term Investments | $46.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$46.4B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $63.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $4.5B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.3B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $53.0B |
| Common Stock | $683M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.3B |
| Treasury Stock | -$77M |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.8B |
| TOTAL LIABILITIES & EQUITY | $63.8B |
| Total Debt | $2.8B |
| Net Debt | $2.4B |
