| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.7B | $5.8B | $5.2B | -1.2% | 11.2% |
| Op. Income | $3.1B | $3.2B | $3.0B | -1.5% | 6.3% |
| Gross Margin | 75.2% | 76.3% | 77.1% | -1.1pp | -2.0pp |
| Net Margin | 41.1% | 43.4% | 50.9% | -2.3pp | -9.8pp |
| EPS (Diluted) | $2.47 | $2.62 | $2.68 | -5.7% | -7.8% |
| Free Cash Flow | $1.8B | $2.8B | $1.5B | -34.5% | 21.6% |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $167M |
| General & Administrative | $601M |
| SG&A Expenses | $768M |
| Other Expenses | $418M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $3.1B |
| Interest Income | $0 |
| Interest Expense | $132M |
| Other Income/Expenses | -$283M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $492M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $191M |
| EBIT | $3.0B |
| EBITDA | $3.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $167M |
| General & Administrative | $601M |
| SG&A Expenses | $768M |
| Other Expenses | $418M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $3.1B |
| Interest Income | $0 |
| Interest Expense | $132M |
| Other Income/Expenses | -$283M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $492M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $191M |
| EBIT | $3.0B |
| EBITDA | $3.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.4B |
| Depreciation & Amortization | $191M |
| Stock-Based Compensation | $108M |
| Deferred Income Tax | -$129M |
| Other Non-Cash Items | -$609M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$110M |
| Acquisitions (Net) | -$25M |
| Purchases of Investments | -$98M |
| Sales/Maturities of Investments | $123M |
| Other Investing Activities | -$287M |
| NET CASH FROM INVESTING | -$397M |
| Net Debt Issuance | $1.5B |
| Common Stock Repurchased | -$2.9B |
| Common Dividends Paid | -$545M |
| Other Financing Activities | $55M |
| NET CASH FROM FINANCING | -$2.0B |
| FREE CASH FLOW | $1.8B |
| Net Change in Cash | -$396M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.6B |
| Short-Term Investments | $402M |
| Net Receivables | $3.5B |
| Inventory | $0 |
| Other Current Assets | $5.9B |
| TOTAL CURRENT ASSETS | $16.4B |
| PP&E (Net) | $2.0B |
| Goodwill | $7.6B |
| Intangible Assets | $4.0B |
| Long-Term Investments | $1.5B |
| Tax Assets | $1.3B |
| Other Non-Current Assets | $6.1B |
| TOTAL NON-CURRENT ASSETS | $22.5B |
| TOTAL ASSETS | $38.9B |
| Account Payables | $735M |
| Short-Term Debt | $276M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.2B |
| TOTAL CURRENT LIABILITIES | $13.7B |
| Long-Term Debt | $15.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $389M |
| Other Non-Current Liabilities | $4.2B |
| TOTAL NON-CURRENT LIABILITIES | $19.9B |
| TOTAL LIABILITIES | $33.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $5.4B |
| Retained Earnings | $55.4B |
| Treasury Stock | -$54.2B |
| Accum. Other Comp. Income | -$1.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $77M |
| TOTAL EQUITY | $5.4B |
| TOTAL LIABILITIES & EQUITY | $38.9B |
| Total Debt | $15.6B |
| Net Debt | $9.0B |
