| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.5B | $7.8B | $6.7B | -16.9% | -3.7% |
| Op. Income | $1.7B | $2.7B | $1.5B | -34.5% | 15.0% |
| Gross Margin | 78.0% | 73.5% | 71.0% | 4.5pp | 6.9pp |
| Net Margin | 14.7% | 24.4% | 20.6% | -9.7pp | -5.9pp |
| EPS (Diluted) | $1.05 | $2.00 | $1.53 | -47.5% | -31.4% |
| Free Cash Flow | $370M | $1.6B | $1.2B | -77.5% | -70.3% |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $0 |
| General & Administrative | $1.5B |
| SG&A Expenses | $1.5B |
| Other Expenses | $0 |
| Operating Expenses | $3.3B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $1.7B |
| Interest Income | $10M |
| Interest Expense | $81M |
| Other Income/Expenses | -$654M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $138M |
| Net Income from Continuing Ops | $953M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $953M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $953M |
| D&A | $349M |
| EBIT | $1.2B |
| EBITDA | $1.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $0 |
| General & Administrative | $1.5B |
| SG&A Expenses | $1.5B |
| Other Expenses | $0 |
| Operating Expenses | $3.3B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $1.7B |
| Interest Income | $10M |
| Interest Expense | $81M |
| Other Income/Expenses | -$654M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $138M |
| Net Income from Continuing Ops | $953M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $953M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $953M |
| D&A | $349M |
| EBIT | $1.2B |
| EBITDA | $1.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $953M |
| Depreciation & Amortization | $349M |
| Stock-Based Compensation | $92M |
| Deferred Income Tax | -$618M |
| Other Non-Cash Items | $478M |
| Change in Working Capital | -$70M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$814M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$153M |
| Sales/Maturities of Investments | $118M |
| Other Investing Activities | -$421M |
| NET CASH FROM INVESTING | -$827M |
| Net Debt Issuance | $768M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$884M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$124M |
| FREE CASH FLOW | $370M |
| Net Change in Cash | $164M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $114M |
| Net Receivables | $7.7B |
| Inventory | $3.9B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $17.1B |
| PP&E (Net) | $9.1B |
| Goodwill | $3.9B |
| Intangible Assets | $7.5B |
| Long-Term Investments | $2.6B |
| Tax Assets | $2.4B |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $29.9B |
| TOTAL ASSETS | $47.1B |
| Account Payables | $1.7B |
| Short-Term Debt | $2.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.9B |
| TOTAL CURRENT LIABILITIES | $15.6B |
| Long-Term Debt | $14.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $863M |
| Other Non-Current Liabilities | $7.2B |
| TOTAL NON-CURRENT LIABILITIES | $22.8B |
| TOTAL LIABILITIES | $38.4B |
| Common Stock | $594M |
| Additional Paid-In Capital | $6.7B |
| Retained Earnings | $8.6B |
| Treasury Stock | -$51M |
| Accum. Other Comp. Income | -$4.3B |
| Other Equity | -$3.0B |
| TOTAL STOCKHOLDERS' EQUITY | $8.5B |
| Minority Interest | $115M |
| TOTAL EQUITY | $8.7B |
| TOTAL LIABILITIES & EQUITY | $47.1B |
| Total Debt | $16.8B |
| Net Debt | $14.2B |
