| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | — | $2.7B | — | -29.2% |
| Op. Income | $675M | — | $1.0B | — | -34.4% |
| Gross Margin | 49.3% | — | 49.5% | — | -0.2pp |
| Net Margin | 17.2% | — | 21.6% | — | -4.4pp |
| EPS (Diluted) | $1.23 | — | $2.13 | — | -42.3% |
| Free Cash Flow | -$1.2B | — | -$1.5B | — | 18.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $970M |
| GROSS PROFIT | $942M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $187M |
| SG&A Expenses | $187M |
| Other Expenses | $81M |
| Operating Expenses | $268M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $675M |
| Interest Income | $0 |
| Interest Expense | $220M |
| Other Income/Expenses | -$282M |
| INCOME BEFORE TAX | $392M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $328M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $330M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $328M |
| D&A | $47M |
| EBIT | $612M |
| EBITDA | $660M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $970M |
| GROSS PROFIT | $942M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $187M |
| SG&A Expenses | $187M |
| Other Expenses | $81M |
| Operating Expenses | $268M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $675M |
| Interest Income | $0 |
| Interest Expense | $220M |
| Other Income/Expenses | -$282M |
| INCOME BEFORE TAX | $392M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $328M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $330M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $328M |
| D&A | $47M |
| EBIT | $612M |
| EBITDA | $660M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $328M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$67M |
| Other Non-Cash Items | -$185M |
| Change in Working Capital | -$1.3B |
| OPERATING CASH FLOW | -$1.2B |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$78M |
| NET CASH FROM INVESTING | -$106M |
| Net Debt Issuance | -$708M |
| Common Stock Repurchased | -$338M |
| Common Dividends Paid | -$72M |
| Other Financing Activities | $35M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | -$1.2B |
| Net Change in Cash | -$2.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.5B |
| Short-Term Investments | $0 |
| Net Receivables | $10.1B |
| Inventory | $0 |
| Other Current Assets | $15.1B |
| TOTAL CURRENT ASSETS | $33.7B |
| PP&E (Net) | $910M |
| Goodwill | $1.7B |
| Intangible Assets | $149M |
| Long-Term Investments | $21.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $26.3B |
| TOTAL ASSETS | $60.0B |
| Account Payables | $10.4B |
| Short-Term Debt | $9.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19.8B |
| Long-Term Debt | $15.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13.5B |
| TOTAL NON-CURRENT LIABILITIES | $29.6B |
| TOTAL LIABILITIES | $49.3B |
| Common Stock | $240M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $8.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$330M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.6B |
| Minority Interest | $73M |
| TOTAL EQUITY | $10.7B |
| TOTAL LIABILITIES & EQUITY | $60.0B |
| Total Debt | $25.6B |
| Net Debt | $17.1B |
