| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $686M | $672M | — | 2.1% | — |
| Op. Income | $287M | $266M | — | 7.9% | — |
| Gross Margin | 85.1% | 85.3% | — | -0.1pp | — |
| Net Margin | 26.4% | 28.9% | — | -2.5pp | — |
| EPS (Diluted) | $0.31 | $0.33 | — | -6.1% | — |
| Free Cash Flow | $257M | $355M | — | -27.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $686M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $584M |
| R&D Expenses | $68M |
| Selling & Marketing | $156M |
| General & Administrative | $45M |
| SG&A Expenses | $201M |
| Other Expenses | $28M |
| Operating Expenses | $297M |
| Cost & Expenses | $399M |
| OPERATING INCOME | $287M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $252M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $36M |
| EBIT | $284M |
| EBITDA | $320M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $686M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $584M |
| R&D Expenses | $68M |
| Selling & Marketing | $156M |
| General & Administrative | $45M |
| SG&A Expenses | $201M |
| Other Expenses | $28M |
| Operating Expenses | $297M |
| Cost & Expenses | $399M |
| OPERATING INCOME | $287M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $252M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $36M |
| EBIT | $284M |
| EBITDA | $320M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $181M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $32M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $258M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $140M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$84M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | $44M |
| FREE CASH FLOW | $257M |
| Net Change in Cash | $297M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $15M |
| Net Receivables | $124M |
| Inventory | $0 |
| Other Current Assets | $318M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $142M |
| Goodwill | $2.9B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $185M |
| Tax Assets | $348M |
| Other Non-Current Assets | $145M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $76M |
| Short-Term Debt | $462M |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $301M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $55M |
| Deferred Tax Liabilities | $146M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $7.1B |
| Common Stock | $2.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $49M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$497M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$497M |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $3.9B |
| Net Debt | $2.7B |
