| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $843M | $1.1B | $1.0B | -21.6% | -16.2% |
| Op. Income | $240M | $148M | $190M | 62.3% | 26.5% |
| Gross Margin | 57.2% | 41.4% | 44.5% | 15.9pp | 12.8pp |
| Net Margin | 21.8% | 10.8% | 14.7% | 11.0pp | 7.1pp |
| EPS (Diluted) | $0.93 | $0.93 | $1.08 | 0.0% | -13.9% |
| Free Cash Flow | $56M | $119M | $89M | -52.7% | -36.9% |
| Item | Amount |
|---|---|
| REVENUE | $843M |
| Cost of Revenue | $361M |
| GROSS PROFIT | $482M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $242M |
| Operating Expenses | $242M |
| Cost & Expenses | $603M |
| OPERATING INCOME | $240M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $240M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $183M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $183M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $183M |
| D&A | $61M |
| EBIT | $264M |
| EBITDA | $325M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $843M |
| Cost of Revenue | $361M |
| GROSS PROFIT | $482M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $242M |
| Operating Expenses | $242M |
| Cost & Expenses | $603M |
| OPERATING INCOME | $240M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $240M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $183M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $183M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $183M |
| D&A | $61M |
| EBIT | $264M |
| EBITDA | $325M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $183M |
| Depreciation & Amortization | $61M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $42M |
| Other Non-Cash Items | -$78M |
| Change in Working Capital | -$152M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.0B |
| Sales/Maturities of Investments | $2.0B |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | -$90M |
| Common Stock Repurchased | -$110M |
| Common Dividends Paid | -$16M |
| Other Financing Activities | $1.0B |
| NET CASH FROM FINANCING | $816M |
| FREE CASH FLOW | $56M |
| Net Change in Cash | -$138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $23.5B |
| Net Receivables | $4.8B |
| Inventory | $0 |
| Other Current Assets | -$28.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $25.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$25.0B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $35.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $3.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$3.9B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $31.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $381M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $35.5B |
| Total Debt | $3.9B |
| Net Debt | $3.9B |
