| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.9B | $7.1B | $6.5B | -2.5% | 6.5% |
| Op. Income | $732M | $579M | $520M | 26.4% | 40.7% |
| Gross Margin | 33.9% | 30.2% | 30.4% | 3.7pp | 3.6pp |
| Net Margin | 7.8% | 6.4% | 5.8% | 1.4pp | 2.0pp |
| EPS (Diluted) | $2.37 | $2.01 | $1.60 | 17.9% | 48.1% |
| Free Cash Flow | $282M | $140M | $331M | 102.1% | -14.8% |
| Item | Amount |
|---|---|
| REVENUE | $6.9B |
| Cost of Revenue | $4.6B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $732M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | $698M |
| Income Tax Expense | $161M |
| Net Income from Continuing Ops | $536M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $536M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $536M |
| D&A | $189M |
| EBIT | $732M |
| EBITDA | $920M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.9B |
| Cost of Revenue | $4.6B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $732M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | $698M |
| Income Tax Expense | $161M |
| Net Income from Continuing Ops | $536M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $536M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $536M |
| D&A | $189M |
| EBIT | $732M |
| EBITDA | $920M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $536M |
| Depreciation & Amortization | $189M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $74M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$314M |
| OPERATING CASH FLOW | $539M |
| Capital Expenditure | -$256M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$256M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$35M |
| NET CASH FROM FINANCING | -$49M |
| FREE CASH FLOW | $282M |
| Net Change in Cash | $234M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $4.8B |
| Other Current Assets | $263M |
| TOTAL CURRENT ASSETS | $6.3B |
| PP&E (Net) | $10.9B |
| Goodwill | $2.0B |
| Intangible Assets | $3.1B |
| Long-Term Investments | $0 |
| Tax Assets | $19M |
| Other Non-Current Assets | $108M |
| TOTAL NON-CURRENT ASSETS | $16.1B |
| TOTAL ASSETS | $22.4B |
| Account Payables | $1.8B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $926M |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $274M |
| TOTAL NON-CURRENT LIABILITIES | $9.8B |
| TOTAL LIABILITIES | $14.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $7.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.2B |
| TOTAL LIABILITIES & EQUITY | $22.4B |
| Total Debt | $9.9B |
| Net Debt | $8.7B |
