| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.3B | -0.8% | 1.6% |
| Op. Income | $276M | $294M | $245M | -6.0% | 12.7% |
| Gross Margin | 30.0% | 30.6% | 27.2% | -0.5pp | 2.8pp |
| Net Margin | 17.3% | 18.2% | 15.7% | -0.9pp | 1.6pp |
| EPS (Diluted) | $2.26 | $1.64 | $1.92 | 37.8% | 17.7% |
| Free Cash Flow | $290M | $390M | $322M | -25.8% | -10.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $904M |
| GROSS PROFIT | $388M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $111M |
| Operating Expenses | $111M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $276M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $276M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $224M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $224M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $224M |
| D&A | $0 |
| EBIT | $298M |
| EBITDA | $298M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $904M |
| GROSS PROFIT | $388M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $111M |
| Operating Expenses | $111M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $276M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $276M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $224M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $224M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $224M |
| D&A | $0 |
| EBIT | $298M |
| EBITDA | $298M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $224M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $72M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $296M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$476M |
| Sales/Maturities of Investments | $350M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$133M |
| Net Debt Issuance | $53M |
| Common Stock Repurchased | -$144M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | -$123M |
| FREE CASH FLOW | $290M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $172M |
| Short-Term Investments | $17.3B |
| Net Receivables | $479M |
| Inventory | $0 |
| Other Current Assets | -$17.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $482M |
| Intangible Assets | $0 |
| Long-Term Investments | $17.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$17.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $26.0B |
| Account Payables | $432M |
| Short-Term Debt | $495M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.8B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.6B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $20.7B |
| Common Stock | $109M |
| Additional Paid-In Capital | $532M |
| Retained Earnings | $6.5B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$731M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $26.0B |
| Total Debt | $2.1B |
| Net Debt | $2.0B |
