| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.6B | $13.1B | $12.9B | 4.0% | 5.7% |
| Op. Income | $3.5B | $3.5B | $3.4B | 2.0% | 3.0% |
| Gross Margin | 61.2% | 60.7% | 62.4% | 0.5pp | -1.2pp |
| Net Margin | 19.6% | 21.5% | 23.1% | -1.9pp | -3.5pp |
| EPS (Diluted) | $0.65 | $0.68 | $0.70 | -4.4% | -7.1% |
| Free Cash Flow | $3.8B | $3.5B | $3.3B | 7.0% | 14.6% |
| Item | Amount |
|---|---|
| REVENUE | $13.6B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $8.3B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $2.4B |
| General & Administrative | $565M |
| SG&A Expenses | $3.0B |
| Other Expenses | $69M |
| Operating Expenses | $4.8B |
| Cost & Expenses | $10.1B |
| OPERATING INCOME | $3.5B |
| Interest Income | $169M |
| Interest Expense | $100M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $3.5B |
| Income Tax Expense | $805M |
| Net Income from Continuing Ops | $2.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.7B |
| D&A | $415M |
| EBIT | $3.6B |
| EBITDA | $4.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $13.6B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $8.3B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $2.4B |
| General & Administrative | $565M |
| SG&A Expenses | $3.0B |
| Other Expenses | $69M |
| Operating Expenses | $4.8B |
| Cost & Expenses | $10.1B |
| OPERATING INCOME | $3.5B |
| Interest Income | $169M |
| Interest Expense | $100M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $3.5B |
| Income Tax Expense | $805M |
| Net Income from Continuing Ops | $2.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.7B |
| D&A | $415M |
| EBIT | $3.6B |
| EBITDA | $4.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.7B |
| Depreciation & Amortization | $415M |
| Stock-Based Compensation | $496M |
| Deferred Income Tax | -$366M |
| Other Non-Cash Items | $138M |
| Change in Working Capital | $609M |
| OPERATING CASH FLOW | $4.0B |
| Capital Expenditure | -$176M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.0B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$799M |
| Net Debt Issuance | -$602M |
| Common Stock Repurchased | -$664M |
| Common Dividends Paid | -$1.6B |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | -$2.9B |
| FREE CASH FLOW | $3.8B |
| Net Change in Cash | $213M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.3B |
| Short-Term Investments | $12.5B |
| Net Receivables | $9.1B |
| Inventory | $2.7B |
| Other Current Assets | $4.6B |
| TOTAL CURRENT ASSETS | $36.1B |
| PP&E (Net) | $2.0B |
| Goodwill | $38.2B |
| Intangible Assets | $2.4B |
| Long-Term Investments | $0 |
| Tax Assets | $4.9B |
| Other Non-Current Assets | $9.5B |
| TOTAL NON-CURRENT ASSETS | $56.9B |
| TOTAL ASSETS | $93.1B |
| Account Payables | $2.3B |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $12.6B |
| Other Current Liabilities | $7.9B |
| TOTAL CURRENT LIABILITIES | $24.9B |
| Long-Term Debt | $7.6B |
| Deferred Revenue NC | $10.4B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.8B |
| TOTAL NON-CURRENT LIABILITIES | $27.9B |
| TOTAL LIABILITIES | $52.8B |
| Common Stock | $43.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$594M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $40.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $40.3B |
| TOTAL LIABILITIES & EQUITY | $93.1B |
| Total Debt | $8.9B |
| Net Debt | $1.6B |
