| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.3B | 0.4% | 2.8% |
| Op. Income | $294M | $218M | $219M | 35.2% | 34.5% |
| Gross Margin | 30.6% | 24.5% | 25.4% | 6.0pp | 5.2pp |
| Net Margin | 18.2% | 13.7% | 14.1% | 4.5pp | 4.1pp |
| EPS (Diluted) | $1.64 | $1.76 | $1.70 | -6.8% | -3.5% |
| Free Cash Flow | $390M | $370M | $356M | 5.4% | 9.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $904M |
| GROSS PROFIT | $398M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $82M |
| SG&A Expenses | $82M |
| Other Expenses | $23M |
| Operating Expenses | $104M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $294M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $294M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $237M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $237M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $237M |
| D&A | $0 |
| EBIT | $314M |
| EBITDA | $314M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $904M |
| GROSS PROFIT | $398M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $82M |
| SG&A Expenses | $82M |
| Other Expenses | $23M |
| Operating Expenses | $104M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $294M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $294M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $237M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $237M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $237M |
| D&A | $0 |
| EBIT | $314M |
| EBITDA | $314M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $237M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $160M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $397M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$491M |
| Sales/Maturities of Investments | $223M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$275M |
| Net Debt Issuance | $42M |
| Common Stock Repurchased | -$119M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$85M |
| FREE CASH FLOW | $390M |
| Net Change in Cash | $35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $19.2B |
| Net Receivables | $488M |
| Inventory | $0 |
| Other Current Assets | -$19.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $482M |
| Intangible Assets | $0 |
| Long-Term Investments | $19.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$19.7B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $27.9B |
| Account Payables | $434M |
| Short-Term Debt | $522M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$2.3B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.5B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $21.0B |
| Common Stock | $109M |
| Additional Paid-In Capital | $523M |
| Retained Earnings | $6.3B |
| Treasury Stock | -$923M |
| Accum. Other Comp. Income | $869M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.9B |
| TOTAL LIABILITIES & EQUITY | $27.9B |
| Total Debt | $2.1B |
| Net Debt | $1.9B |
