| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | $3.8B | $3.6B | 2.3% | 7.3% |
| Op. Income | $640M | $634M | $611M | 0.9% | 4.7% |
| Gross Margin | 55.2% | 54.7% | 54.5% | 0.5pp | 0.7pp |
| Net Margin | 12.2% | 9.6% | 14.7% | 2.6pp | -2.5pp |
| EPS (Diluted) | $0.27 | $0.21 | $0.28 | 28.4% | -3.6% |
| Free Cash Flow | $747M | $485M | $301M | 54.0% | 148.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | -$17M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $640M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $609M |
| Income Tax Expense | $140M |
| Net Income from Continuing Ops | $469M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $469M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $469M |
| D&A | $152M |
| EBIT | $610M |
| EBITDA | $762M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | -$17M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $640M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $609M |
| Income Tax Expense | $140M |
| Net Income from Continuing Ops | $469M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $469M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $469M |
| D&A | $152M |
| EBIT | $610M |
| EBITDA | $762M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $469M |
| Depreciation & Amortization | $152M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $298M |
| Change in Working Capital | -$152M |
| OPERATING CASH FLOW | $802M |
| Capital Expenditure | -$55M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | $7.7B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$286M |
| NET CASH FROM FINANCING | $7.4B |
| FREE CASH FLOW | $747M |
| Net Change in Cash | $8.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $2.2B |
| Other Current Assets | $175M |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $1.8B |
| Goodwill | $9.2B |
| Intangible Assets | $9.8B |
| Long-Term Investments | $0 |
| Tax Assets | $168M |
| Other Non-Current Assets | $8.1B |
| TOTAL NON-CURRENT ASSETS | $29.2B |
| TOTAL ASSETS | $35.6B |
| Account Payables | $1.8B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $156M |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $7.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.7B |
| Other Non-Current Liabilities | $659M |
| TOTAL NON-CURRENT LIABILITIES | $11.1B |
| TOTAL LIABILITIES | $15.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5.2B |
| Other Equity | $25.5B |
| TOTAL STOCKHOLDERS' EQUITY | $20.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $20.3B |
| TOTAL LIABILITIES & EQUITY | $35.6B |
| Total Debt | $7.8B |
| Net Debt | $6.1B |
