| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | $5.9B | $4.2B | -23.1% | 8.3% |
| Op. Income | $2.4B | $4.2B | $3.1B | -42.1% | -20.1% |
| Gross Margin | 69.8% | 82.9% | 82.2% | -13.1pp | -12.5pp |
| Net Margin | 48.1% | 61.6% | 66.0% | -13.4pp | -17.8pp |
| EPS (Diluted) | $5.24 | $8.58 | $6.46 | -38.9% | -18.9% |
| Free Cash Flow | $217M | $2.6B | $4.0B | -91.8% | -94.6% |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $710M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $211M |
| Other Expenses | -$183M |
| Operating Expenses | $738M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $2.4B |
| Interest Income | $40M |
| Interest Expense | $5M |
| Other Income/Expenses | $27M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $277M |
| Net Income from Continuing Ops | $2.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $76M |
| EBIT | $2.5B |
| EBITDA | $2.6B |
| EPS | $6 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $710M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $211M |
| Other Expenses | -$183M |
| Operating Expenses | $738M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $2.4B |
| Interest Income | $40M |
| Interest Expense | $5M |
| Other Income/Expenses | $27M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $277M |
| Net Income from Continuing Ops | $2.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $76M |
| EBIT | $2.5B |
| EBITDA | $2.6B |
| EPS | $6 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $2.2B |
| Depreciation & Amortization | $76M |
| Stock-Based Compensation | $50M |
| Deferred Income Tax | -$230M |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$1.8B |
| OPERATING CASH FLOW | $304M |
| Capital Expenditure | -$87M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.2B |
| Sales/Maturities of Investments | $2.1B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$46M |
| Common Stock Repurchased | -$1.3B |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $217M |
| Net Change in Cash | -$2.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $5.0B |
| Net Receivables | $2.8B |
| Inventory | $1.9B |
| Other Current Assets | $134M |
| TOTAL CURRENT ASSETS | $13.6B |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $10.2B |
| Tax Assets | $785M |
| Other Non-Current Assets | $87M |
| TOTAL NON-CURRENT ASSETS | $12.5B |
| TOTAL ASSETS | $26.0B |
| Account Payables | $181M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4.1B |
| Other Current Liabilities | $378M |
| TOTAL CURRENT LIABILITIES | $6.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $405M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $113M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $8.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $15.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$240M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $18.0B |
| TOTAL LIABILITIES & EQUITY | $26.0B |
| Total Debt | $887M |
| Net Debt | -$2.0B |
