| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.4B | $1.1B | -15.7% | 9.4% |
| Op. Income | $229M | $315M | $250M | -27.5% | -8.5% |
| Gross Margin | 56.5% | 55.5% | 59.8% | 1.0pp | -3.3pp |
| Net Margin | 18.0% | 20.6% | 20.5% | -2.5pp | -2.5pp |
| EPS (Diluted) | $1.09 | $1.48 | $1.14 | -26.4% | -4.4% |
| Free Cash Flow | $125M | $49M | $331M | 157.2% | -62.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $510M |
| GROSS PROFIT | $662M |
| R&D Expenses | $209M |
| Selling & Marketing | $34M |
| General & Administrative | $191M |
| SG&A Expenses | $225M |
| Other Expenses | $0 |
| Operating Expenses | $434M |
| Cost & Expenses | $944M |
| OPERATING INCOME | $229M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $236M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $212M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $212M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $212M |
| D&A | $41M |
| EBIT | $229M |
| EBITDA | $270M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $510M |
| GROSS PROFIT | $662M |
| R&D Expenses | $209M |
| Selling & Marketing | $34M |
| General & Administrative | $191M |
| SG&A Expenses | $225M |
| Other Expenses | $0 |
| Operating Expenses | $434M |
| Cost & Expenses | $944M |
| OPERATING INCOME | $229M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $236M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $212M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $212M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $212M |
| D&A | $41M |
| EBIT | $229M |
| EBITDA | $270M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $212M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$26M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$60M |
| OPERATING CASH FLOW | $186M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | -$498M |
| Sales/Maturities of Investments | $432M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$136M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | -$129M |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | -$123M |
| FREE CASH FLOW | $125M |
| Net Change in Cash | -$81M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $375M |
| Net Receivables | $600M |
| Inventory | $1.3B |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $1.2B |
| Goodwill | $573M |
| Intangible Assets | $209M |
| Long-Term Investments | $1.2B |
| Tax Assets | $302M |
| Other Non-Current Assets | $105M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $299M |
| Short-Term Debt | $0 |
| Deferred Revenue | $86M |
| Other Current Liabilities | $596M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $39M |
| Deferred Tax Liabilities | $118M |
| Other Non-Current Liabilities | $63M |
| TOTAL NON-CURRENT LIABILITIES | $302M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $18M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $4.5B |
| Treasury Stock | -$295M |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.2B |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $82M |
| Net Debt | -$1.3B |
