| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $2.3B | -1.2% | -3.1% |
| Op. Income | $294M | $364M | $363M | -19.2% | -19.0% |
| Gross Margin | 30.3% | 32.3% | 34.4% | -2.0pp | -4.1pp |
| Net Margin | 9.6% | 11.7% | 10.8% | -2.1pp | -1.2pp |
| EPS (Diluted) | $0.70 | $0.86 | $0.80 | -18.6% | -12.5% |
| Free Cash Flow | $418M | $219M | $373M | 90.9% | 12.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $669M |
| R&D Expenses | $21M |
| Selling & Marketing | $197M |
| General & Administrative | $147M |
| SG&A Expenses | $344M |
| Other Expenses | $10M |
| Operating Expenses | $375M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $294M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $277M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $212M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $212M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $212M |
| D&A | $83M |
| EBIT | $323M |
| EBITDA | $406M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $669M |
| R&D Expenses | $21M |
| Selling & Marketing | $197M |
| General & Administrative | $147M |
| SG&A Expenses | $344M |
| Other Expenses | $10M |
| Operating Expenses | $375M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $294M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $277M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $212M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $212M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $212M |
| D&A | $83M |
| EBIT | $323M |
| EBITDA | $406M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $212M |
| Depreciation & Amortization | $83M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | $173M |
| OPERATING CASH FLOW | $478M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$57M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$112M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$132M |
| FREE CASH FLOW | $418M |
| Net Change in Cash | $288M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $357M |
| Short-Term Investments | $0 |
| Net Receivables | $610M |
| Inventory | $911M |
| Other Current Assets | $102M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $2.3B |
| Goodwill | $4.0B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $484M |
| TOTAL NON-CURRENT ASSETS | $10.0B |
| TOTAL ASSETS | $12.0B |
| Account Payables | $1.2B |
| Short-Term Debt | $464M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $668M |
| TOTAL NON-CURRENT LIABILITIES | $6.3B |
| TOTAL LIABILITIES | $8.6B |
| Common Stock | $12M |
| Additional Paid-In Capital | $388M |
| Retained Earnings | $4.0B |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $2M |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $12.0B |
| Total Debt | $5.0B |
| Net Debt | $4.7B |
