| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.9B | $3.0B | 1.8% | -3.6% |
| Op. Income | $227M | $355M | $462M | -36.1% | -50.9% |
| Gross Margin | 32.4% | 36.4% | 37.2% | -4.1pp | -4.8pp |
| Net Margin | 6.5% | 10.3% | 12.1% | -3.8pp | -5.6pp |
| EPS (Diluted) | $0.69 | $1.15 | $1.35 | -40.0% | -48.9% |
| Free Cash Flow | $595M | $633M | $601M | -6.0% | -1.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $945M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $718M |
| Operating Expenses | $718M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $227M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $227M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $190M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $190M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $190M |
| D&A | $12M |
| EBIT | $255M |
| EBITDA | $267M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $945M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $718M |
| Operating Expenses | $718M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $227M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $227M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $190M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $190M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $190M |
| D&A | $12M |
| EBIT | $255M |
| EBITDA | $267M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $190M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$30M |
| Other Non-Cash Items | $156M |
| Change in Working Capital | $280M |
| OPERATING CASH FLOW | $608M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$62M |
| Purchases of Investments | -$3.8B |
| Sales/Maturities of Investments | $3.6B |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$302M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$108M |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$98M |
| FREE CASH FLOW | $595M |
| Net Change in Cash | $199M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $560M |
| Short-Term Investments | $1.1B |
| Net Receivables | $9.0B |
| Inventory | $0 |
| Other Current Assets | -$10.6B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $227M |
| Goodwill | $145M |
| Intangible Assets | $0 |
| Long-Term Investments | $43.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$43.6B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $62.2B |
| 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 | $4.6B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.4B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $52.7B |
| Common Stock | $683M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.4B |
| Treasury Stock | -$76M |
| Accum. Other Comp. Income | -$2.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.5B |
| TOTAL LIABILITIES & EQUITY | $62.2B |
| Total Debt | $2.8B |
| Net Debt | $2.2B |
