| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.7B | — | -1.1% | — |
| Op. Income | $292M | $386M | — | -24.4% | — |
| Gross Margin | 21.1% | 24.0% | — | -2.9pp | — |
| Net Margin | 14.0% | 12.9% | — | 1.1pp | — |
| EPS (Diluted) | $2.81 | $2.57 | — | 9.3% | — |
| Free Cash Flow | $185M | $424M | — | -56.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $567M |
| R&D Expenses | $67M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $208M |
| Other Expenses | $0 |
| Operating Expenses | $275M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $292M |
| Interest Income | $1M |
| Interest Expense | $49M |
| Other Income/Expenses | $237M |
| INCOME BEFORE TAX | $529M |
| Income Tax Expense | $149M |
| Net Income from Continuing Ops | $380M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $378M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $378M |
| D&A | $122M |
| EBIT | $576M |
| EBITDA | $698M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $567M |
| R&D Expenses | $67M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $208M |
| Other Expenses | $0 |
| Operating Expenses | $275M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $292M |
| Interest Income | $1M |
| Interest Expense | $49M |
| Other Income/Expenses | $237M |
| INCOME BEFORE TAX | $529M |
| Income Tax Expense | $149M |
| Net Income from Continuing Ops | $380M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $378M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $378M |
| D&A | $122M |
| EBIT | $576M |
| EBITDA | $698M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $380M |
| Depreciation & Amortization | $122M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $28M |
| Other Non-Cash Items | -$229M |
| Change in Working Capital | $129M |
| OPERATING CASH FLOW | $430M |
| Capital Expenditure | -$245M |
| Acquisitions (Net) | $664M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | $418M |
| Net Debt Issuance | -$300M |
| Common Stock Repurchased | -$710M |
| Common Dividends Paid | -$93M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $185M |
| Net Change in Cash | -$258M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $459M |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $1.5B |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $5.0B |
| Goodwill | $3.6B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $874M |
| TOTAL NON-CURRENT ASSETS | $10.9B |
| TOTAL ASSETS | $15.5B |
| Account Payables | $1.2B |
| Short-Term Debt | $747M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $446M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $810M |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $6.8B |
| TOTAL LIABILITIES | $9.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $8.6B |
| Treasury Stock | -$4.9B |
| Accum. Other Comp. Income | -$182M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $84M |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $15.5B |
| Total Debt | $5.2B |
| Net Debt | $4.7B |
