| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.8B | $1.5B | 5.1% | 97.0% |
| Op. Income | $926M | $1.0B | $475M | -8.4% | 94.8% |
| Gross Margin | 78.3% | 79.1% | 97.7% | -0.8pp | -19.4pp |
| Net Margin | 24.3% | 27.8% | 24.7% | -3.5pp | -0.4pp |
| EPS (Diluted) | $4.01 | $4.29 | $2.62 | -6.5% | 53.1% |
| Free Cash Flow | $373M | $866M | $1.3B | -56.9% | -70.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $629M |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $31M |
| General & Administrative | $838M |
| SG&A Expenses | $869M |
| Other Expenses | $470M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $926M |
| Interest Income | $2.3B |
| Interest Expense | $509M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $926M |
| Income Tax Expense | $224M |
| Net Income from Continuing Ops | $702M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $702M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $676M |
| D&A | $113M |
| EBIT | $926M |
| EBITDA | $1.0B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $629M |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $31M |
| General & Administrative | $838M |
| SG&A Expenses | $869M |
| Other Expenses | $470M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $926M |
| Interest Income | $2.3B |
| Interest Expense | $509M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $926M |
| Income Tax Expense | $224M |
| Net Income from Continuing Ops | $702M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $702M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $676M |
| D&A | $113M |
| EBIT | $926M |
| EBITDA | $1.0B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $702M |
| Depreciation & Amortization | $113M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | $109M |
| Change in Working Capital | -$507M |
| OPERATING CASH FLOW | $428M |
| Capital Expenditure | -$55M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.1B |
| Sales/Maturities of Investments | $943M |
| Other Investing Activities | $1.4B |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $6.9B |
| Common Stock Repurchased | -$594M |
| Common Dividends Paid | -$221M |
| Other Financing Activities | -$4.5B |
| NET CASH FROM FINANCING | $1.6B |
| FREE CASH FLOW | $373M |
| Net Change in Cash | $298M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24.1B |
| Short-Term Investments | $5.1B |
| Net Receivables | $8.9B |
| Inventory | $0 |
| Other Current Assets | $165M |
| TOTAL CURRENT ASSETS | $38.3B |
| PP&E (Net) | $1.7B |
| Goodwill | $8.5B |
| Intangible Assets | $192M |
| Long-Term Investments | $154.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $164.7B |
| TOTAL ASSETS | $203.0B |
| Account Payables | $4.0B |
| Short-Term Debt | $7.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $159.1B |
| TOTAL CURRENT LIABILITIES | $170.1B |
| Long-Term Debt | $7.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $7.5B |
| TOTAL LIABILITIES | $177.6B |
| Common Stock | $91M |
| Additional Paid-In Capital | $10.0B |
| Retained Earnings | $16.2B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$645M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $25.4B |
| TOTAL LIABILITIES & EQUITY | $203.0B |
| Total Debt | $14.5B |
| Net Debt | -$9.7B |
