| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $4.6B | $4.8B | -29.5% | -33.3% |
| Op. Income | $1.2B | $2.4B | $3.6B | -52.3% | -67.2% |
| Gross Margin | 65.8% | 69.8% | 85.0% | -3.9pp | -19.2pp |
| Net Margin | 32.4% | 48.1% | 69.0% | -15.7pp | -36.6pp |
| EPS (Diluted) | $2.53 | $5.24 | $7.70 | -51.7% | -67.1% |
| Free Cash Flow | $163M | $217M | $3.2B | -24.9% | -94.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $820M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $278M |
| Other Expenses | -$144M |
| Operating Expenses | $954M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $1.2B |
| Interest Income | $58M |
| Interest Expense | $8M |
| Other Income/Expenses | $51M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $174M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $113M |
| EBIT | $1.2B |
| EBITDA | $1.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $820M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $278M |
| Other Expenses | -$144M |
| Operating Expenses | $954M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $1.2B |
| Interest Income | $58M |
| Interest Expense | $8M |
| Other Income/Expenses | $51M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $174M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $113M |
| EBIT | $1.2B |
| EBITDA | $1.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $113M |
| Stock-Based Compensation | $70M |
| Deferred Income Tax | -$97M |
| Other Non-Cash Items | $27M |
| Change in Working Capital | -$904M |
| OPERATING CASH FLOW | $252M |
| Capital Expenditure | -$89M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$191M |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $945M |
| Net Debt Issuance | -$46M |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | $163M |
| Net Change in Cash | $156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $5.3B |
| Net Receivables | $2.8B |
| Inventory | $2.1B |
| Other Current Assets | $162M |
| TOTAL CURRENT ASSETS | $14.3B |
| PP&E (Net) | $2.1B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $8.7B |
| Tax Assets | $920M |
| Other Non-Current Assets | $52M |
| TOTAL NON-CURRENT ASSETS | $11.8B |
| TOTAL ASSETS | $26.1B |
| Account Payables | $330M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4.0B |
| Other Current Liabilities | $434M |
| TOTAL CURRENT LIABILITIES | $6.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $175M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $81M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $8.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $16.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$351M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $18.0B |
| TOTAL LIABILITIES & EQUITY | $26.1B |
| Total Debt | $1.3B |
| Net Debt | -$1.8B |
