| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15.1B | $19.0B | $15.0B | -20.4% | 1.1% |
| Op. Income | $2.0B | $2.3B | $1.9B | -11.2% | 5.4% |
| Gross Margin | 13.5% | 12.1% | 12.8% | 1.4pp | 0.8pp |
| Net Margin | 11.2% | 10.1% | 11.6% | 1.1pp | -0.4pp |
| EPS (Diluted) | $6.61 | $7.40 | $6.44 | -10.7% | 2.6% |
| Free Cash Flow | $1.3B | $1.2B | $1.1B | 2.8% | 11.2% |
| Item | Amount |
|---|---|
| REVENUE | $15.1B |
| Cost of Revenue | $13.1B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$110M |
| SG&A Expenses | -$110M |
| Other Expenses | $119M |
| Operating Expenses | $9M |
| Cost & Expenses | $13.1B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $202M |
| Other Income/Expenses | -$43M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $305M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $325M |
| EBIT | $2.2B |
| EBITDA | $2.5B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $15.1B |
| Cost of Revenue | $13.1B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$110M |
| SG&A Expenses | -$110M |
| Other Expenses | $119M |
| Operating Expenses | $9M |
| Cost & Expenses | $13.1B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $202M |
| Other Income/Expenses | -$43M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $305M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $325M |
| EBIT | $2.2B |
| EBITDA | $2.5B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $325M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | -$117M |
| Other Non-Cash Items | -$537M |
| Change in Working Capital | $147M |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$294M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $35M |
| NET CASH FROM INVESTING | -$259M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$500M |
| Common Dividends Paid | -$784M |
| Other Financing Activities | -$128M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | -$107M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $0 |
| Net Receivables | $15.8B |
| Inventory | $3.5B |
| Other Current Assets | $461M |
| TOTAL CURRENT ASSETS | $22.1B |
| PP&E (Net) | $7.9B |
| Goodwill | $10.8B |
| Intangible Assets | $2.4B |
| Long-Term Investments | $612M |
| Tax Assets | $4.2B |
| Other Non-Current Assets | $6.6B |
| TOTAL NON-CURRENT ASSETS | $32.5B |
| TOTAL ASSETS | $54.6B |
| Account Payables | $3.3B |
| Short-Term Debt | $115M |
| Deferred Revenue | $8.3B |
| Other Current Liabilities | $2.6B |
| TOTAL CURRENT LIABILITIES | $17.0B |
| Long-Term Debt | $15.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12.5B |
| TOTAL NON-CURRENT LIABILITIES | $28.0B |
| TOTAL LIABILITIES | $45.0B |
| Common Stock | $254M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $17.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.6B |
| TOTAL LIABILITIES & EQUITY | $54.6B |
| Total Debt | $15.6B |
| Net Debt | $13.2B |
