| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.4B | $15.3B | $9.3B | -18.9% | 32.8% |
| Op. Income | $2.7B | $3.1B | $1.1B | -12.6% | 137.8% |
| Gross Margin | 36.0% | 31.7% | 28.2% | 4.3pp | 7.7pp |
| Net Margin | 15.8% | 14.7% | 9.7% | 1.1pp | 6.1pp |
| EPS (Diluted) | $6.55 | $7.44 | $2.92 | -12.0% | 124.3% |
| Free Cash Flow | -$2.1B | $2.8B | -$3.1B | -173.3% | 34.4% |
| Item | Amount |
|---|---|
| REVENUE | $12.4B |
| Cost of Revenue | $7.9B |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $495M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $952M |
| Other Expenses | $299M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $9.7B |
| OPERATING INCOME | $2.7B |
| Interest Income | $0 |
| Interest Expense | $479M |
| Other Income/Expenses | -$222M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $537M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $494M |
| EBIT | $3.0B |
| EBITDA | $3.5B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $12.4B |
| Cost of Revenue | $7.9B |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $495M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $952M |
| Other Expenses | $299M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $9.7B |
| OPERATING INCOME | $2.7B |
| Interest Income | $0 |
| Interest Expense | $479M |
| Other Income/Expenses | -$222M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $537M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $494M |
| EBIT | $3.0B |
| EBITDA | $3.5B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $494M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | -$56M |
| Other Non-Cash Items | $56M |
| Change in Working Capital | -$3.7B |
| OPERATING CASH FLOW | -$1.2B |
| Capital Expenditure | -$812M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.6B |
| NET CASH FROM INVESTING | $760M |
| Net Debt Issuance | $1.3B |
| Common Stock Repurchased | -$1.3B |
| Common Dividends Paid | -$341M |
| Other Financing Activities | -$39M |
| NET CASH FROM FINANCING | -$339M |
| FREE CASH FLOW | -$2.1B |
| Net Change in Cash | -$763M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.0B |
| Short-Term Investments | $852M |
| Net Receivables | $9.6B |
| Inventory | $10.1B |
| Other Current Assets | $42.0B |
| TOTAL CURRENT ASSETS | $66.5B |
| PP&E (Net) | $12.7B |
| Goodwill | $3.9B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $914M |
| Other Non-Current Assets | $6.4B |
| TOTAL NON-CURRENT ASSETS | $25.2B |
| TOTAL ASSETS | $91.6B |
| Account Payables | $3.6B |
| Short-Term Debt | $19.0B |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $1.9B |
| TOTAL CURRENT LIABILITIES | $32.1B |
| Long-Term Debt | $35.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $519M |
| Other Non-Current Liabilities | $2.5B |
| TOTAL NON-CURRENT LIABILITIES | $38.1B |
| TOTAL LIABILITIES | $70.2B |
| Common Stock | $5.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $43.8B |
| Treasury Stock | -$25.3B |
| Accum. Other Comp. Income | -$2.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.3B |
| Minority Interest | $104M |
| TOTAL EQUITY | $21.4B |
| TOTAL LIABILITIES & EQUITY | $91.6B |
| Total Debt | $54.4B |
| Net Debt | $50.4B |
