| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $3.4B | $2.9B | -19.4% | -7.5% |
| Op. Income | $367M | $475M | $476M | -22.9% | -23.0% |
| Gross Margin | 36.5% | 37.6% | 37.3% | -1.1pp | -0.8pp |
| Net Margin | 9.6% | 10.3% | 12.4% | -0.7pp | -2.7pp |
| EPS (Diluted) | $2.47 | $3.16 | $3.41 | -21.8% | -27.6% |
| Free Cash Flow | -$134M | $533M | $376M | -125.2% | -135.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $985M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $615M |
| Other Expenses | $3M |
| Operating Expenses | $618M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $367M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $332M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $261M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $261M |
| Net Income Deductions | -$8M |
| BOTTOM LINE NET INCOME | $269M |
| D&A | $80M |
| EBIT | $357M |
| EBITDA | $439M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $985M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $615M |
| Other Expenses | $3M |
| Operating Expenses | $618M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $367M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $332M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $261M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $261M |
| Net Income Deductions | -$8M |
| BOTTOM LINE NET INCOME | $269M |
| D&A | $80M |
| EBIT | $357M |
| EBITDA | $439M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $261M |
| Depreciation & Amortization | $80M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$416M |
| OPERATING CASH FLOW | -$60M |
| Capital Expenditure | -$74M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$70M |
| Net Debt Issuance | -$127M |
| Common Stock Repurchased | -$68M |
| Common Dividends Paid | -$46M |
| Other Financing Activities | -$33M |
| NET CASH FROM FINANCING | -$261M |
| FREE CASH FLOW | -$134M |
| Net Change in Cash | -$392M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $0 |
| Net Receivables | $78M |
| Inventory | $2.8B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $3.4B |
| Goodwill | $246M |
| Intangible Assets | $86M |
| Long-Term Investments | $0 |
| Tax Assets | $66M |
| Other Non-Current Assets | $212M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $9.2B |
| Account Payables | $1.5B |
| Short-Term Debt | $0 |
| Deferred Revenue | $292M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $179M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $7.0B |
| Common Stock | $780.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $4.2B |
| Treasury Stock | -$3.4B |
| Accum. Other Comp. Income | -$89.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $9.2B |
| Total Debt | $4.5B |
| Net Debt | $2.3B |
