| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.7B | $4.6B | $4.5B | 3.1% | 4.2% |
| Op. Income | $1.8B | $236M | $262M | 677.5% | 600.4% |
| Gross Margin | 11.8% | 72.1% | 7.0% | -60.3pp | 4.7pp |
| Net Margin | 31.5% | 4.8% | 5.0% | 26.7pp | 26.5pp |
| EPS (Diluted) | $0.60 | $1.20 | $1.16 | -50.0% | -48.3% |
| Free Cash Flow | $476M | $43M | -$642M | 1007.0% | 174.1% |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $554M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$1.3B |
| Operating Expenses | -$1.3B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $1.8B |
| Interest Income | $0 |
| Interest Expense | $66M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $353M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $0 |
| EBIT | $1.9B |
| EBITDA | $1.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $554M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$1.3B |
| Operating Expenses | -$1.3B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $1.8B |
| Interest Income | $0 |
| Interest Expense | $66M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $353M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $0 |
| EBIT | $1.9B |
| EBITDA | $1.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1.9B |
| Change in Working Capital | $868M |
| OPERATING CASH FLOW | $476M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.1B |
| Sales/Maturities of Investments | $1.8B |
| Other Investing Activities | $115M |
| NET CASH FROM INVESTING | -$2.1B |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | -$400M |
| Common Dividends Paid | -$79M |
| Other Financing Activities | $1.5B |
| NET CASH FROM FINANCING | $1.0B |
| FREE CASH FLOW | $476M |
| Net Change in Cash | -$652M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $110.7B |
| Net Receivables | $20.7B |
| Inventory | $0 |
| Other Current Assets | -$133.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $1.8B |
| Intangible Assets | $0 |
| Long-Term Investments | $115.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$117.2B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $365.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$8.9B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $6.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$6.6B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $351.2B |
| Common Stock | $4.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $8.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.7B |
| TOTAL LIABILITIES & EQUITY | $365.9B |
| Total Debt | $6.6B |
| Net Debt | $4.6B |
