| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.3B | $1.7B | 3.6% | 40.2% |
| Op. Income | $392M | $470M | $537M | -16.6% | -27.0% |
| Gross Margin | 63.8% | 67.9% | 91.3% | -4.1pp | -27.4pp |
| Net Margin | 13.1% | 17.1% | 26.3% | -4.0pp | -13.2pp |
| EPS (Diluted) | $0.30 | $0.38 | $0.45 | -21.1% | -33.3% |
| Free Cash Flow | $694M | $1.6B | $863M | -55.2% | -19.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $864M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $21M |
| General & Administrative | $721M |
| SG&A Expenses | $742M |
| Other Expenses | $389M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $392M |
| Interest Income | $1.8B |
| Interest Expense | $725M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $392M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $311M |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | $0 |
| NET INCOME | $312M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $276M |
| D&A | $41M |
| EBIT | $392M |
| EBITDA | $433M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $864M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $21M |
| General & Administrative | $721M |
| SG&A Expenses | $742M |
| Other Expenses | $389M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $392M |
| Interest Income | $1.8B |
| Interest Expense | $725M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $392M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $311M |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | $0 |
| NET INCOME | $312M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $276M |
| D&A | $41M |
| EBIT | $392M |
| EBITDA | $433M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $312M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | $75M |
| Other Non-Cash Items | $114M |
| Change in Working Capital | $142M |
| OPERATING CASH FLOW | $718M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7.6B |
| Sales/Maturities of Investments | $896M |
| Other Investing Activities | -$565M |
| NET CASH FROM INVESTING | -$7.3B |
| Net Debt Issuance | $5.3B |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | -$228M |
| Other Financing Activities | $1.5B |
| NET CASH FROM FINANCING | $6.5B |
| FREE CASH FLOW | $694M |
| Net Change in Cash | -$103M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $784M |
| Short-Term Investments | $10.3B |
| Net Receivables | $3.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $14.8B |
| PP&E (Net) | $628M |
| Goodwill | $2.8B |
| Intangible Assets | $85M |
| Long-Term Investments | $165.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $14.0B |
| TOTAL NON-CURRENT ASSETS | $182.7B |
| TOTAL ASSETS | $197.5B |
| Account Payables | $0 |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $144.1B |
| TOTAL CURRENT LIABILITIES | $150.4B |
| Long-Term Debt | $32.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $32.8B |
| TOTAL LIABILITIES | $183.2B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | $15.7B |
| Treasury Stock | -$5.9B |
| Accum. Other Comp. Income | -$5.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.3B |
| TOTAL LIABILITIES & EQUITY | $197.5B |
| Total Debt | $34.2B |
| Net Debt | $33.4B |
