| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.4B | $8.7B | $8.5B | -3.2% | -0.9% |
| Op. Income | $1.3B | $1.5B | $1.5B | -16.3% | -15.8% |
| Gross Margin | 36.4% | 31.4% | 32.5% | 5.0pp | 4.0pp |
| Net Margin | 13.5% | 16.5% | 16.9% | -3.0pp | -3.3pp |
| EPS (Diluted) | $1.64 | $2.05 | $2.03 | -20.0% | -19.2% |
| Free Cash Flow | -$147M | $2.4B | $757M | -106.2% | -119.4% |
| Item | Amount |
|---|---|
| REVENUE | $8.4B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $350M |
| Selling & Marketing | $0 |
| General & Administrative | $1.4B |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $7.1B |
| OPERATING INCOME | $1.3B |
| Interest Income | $20M |
| Interest Expense | $85M |
| Other Income/Expenses | $234M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $371M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $330M |
| EBIT | $1.6B |
| EBITDA | $1.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $8.4B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $350M |
| Selling & Marketing | $0 |
| General & Administrative | $1.4B |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $7.1B |
| OPERATING INCOME | $1.3B |
| Interest Income | $20M |
| Interest Expense | $85M |
| Other Income/Expenses | $234M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $371M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $330M |
| EBIT | $1.6B |
| EBITDA | $1.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $330M |
| Stock-Based Compensation | $60M |
| Deferred Income Tax | $21M |
| Other Non-Cash Items | -$63M |
| Change in Working Capital | -$1.4B |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$183M |
| Acquisitions (Net) | -$176M |
| Purchases of Investments | -$223M |
| Sales/Maturities of Investments | $365M |
| Other Investing Activities | $207M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$39M |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | -$668M |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$1.7B |
| FREE CASH FLOW | -$147M |
| Net Change in Cash | -$1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.3B |
| Short-Term Investments | $493M |
| Net Receivables | $7.1B |
| Inventory | $5.5B |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $24.3B |
| PP&E (Net) | $5.5B |
| Goodwill | $17.9B |
| Intangible Assets | $3.5B |
| Long-Term Investments | $1.0B |
| Tax Assets | $494M |
| Other Non-Current Assets | $10.7B |
| TOTAL NON-CURRENT ASSETS | $39.1B |
| TOTAL ASSETS | $63.4B |
| Account Payables | $6.3B |
| Short-Term Debt | $6.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $20.0B |
| Long-Term Debt | $12.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.4B |
| Other Non-Current Liabilities | $9.2B |
| TOTAL NON-CURRENT LIABILITIES | $24.3B |
| TOTAL LIABILITIES | $44.3B |
| Common Stock | $958M |
| Additional Paid-In Capital | $8.3B |
| Retained Earnings | $43.3B |
| Treasury Stock | -$31.4B |
| Accum. Other Comp. Income | -$2.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.4B |
| Minority Interest | $693M |
| TOTAL EQUITY | $19.1B |
| TOTAL LIABILITIES & EQUITY | $63.4B |
| Total Debt | $19.4B |
| Net Debt | $10.1B |
