| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $826M | $849M | $849M | -2.7% | -2.7% |
| Op. Income | $244M | $332M | $240M | -26.5% | 1.7% |
| Gross Margin | 52.9% | 64.1% | 60.2% | -11.2pp | -7.3pp |
| Net Margin | 21.8% | 30.0% | 21.8% | -8.2pp | 0.0pp |
| EPS (Diluted) | $1.22 | $1.67 | $1.05 | -26.9% | 16.2% |
| Free Cash Flow | $139M | -$109M | $154M | 227.5% | -9.7% |
| Item | Amount |
|---|---|
| REVENUE | $826M |
| Cost of Revenue | $389M |
| GROSS PROFIT | $437M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $110M |
| SG&A Expenses | $110M |
| Other Expenses | $83M |
| Operating Expenses | $193M |
| Cost & Expenses | $582M |
| OPERATING INCOME | $244M |
| Interest Income | $692M |
| Interest Expense | $371M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $244M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $180M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $180M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $180M |
| D&A | $0 |
| EBIT | $244M |
| EBITDA | $244M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $826M |
| Cost of Revenue | $389M |
| GROSS PROFIT | $437M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $110M |
| SG&A Expenses | $110M |
| Other Expenses | $83M |
| Operating Expenses | $193M |
| Cost & Expenses | $582M |
| OPERATING INCOME | $244M |
| Interest Income | $692M |
| Interest Expense | $371M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $244M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $180M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $180M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $180M |
| D&A | $0 |
| EBIT | $244M |
| EBITDA | $244M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $180M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$130M |
| Change in Working Capital | $86M |
| OPERATING CASH FLOW | $139M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2.2B |
| NET CASH FROM INVESTING | $2.2B |
| Net Debt Issuance | -$2.0B |
| Common Stock Repurchased | -$105M |
| Common Dividends Paid | -$23M |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | -$2.1B |
| FREE CASH FLOW | $139M |
| Net Change in Cash | $222M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $976M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $91M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $69.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.9B |
| TOTAL NON-CURRENT ASSETS | $72.9B |
| TOTAL ASSETS | $76.1B |
| Account Payables | $0 |
| Short-Term Debt | $3.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.9B |
| Long-Term Debt | $68.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $430M |
| TOTAL NON-CURRENT LIABILITIES | $69.2B |
| TOTAL LIABILITIES | $73.1B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $4.3B |
| Treasury Stock | -$4.7B |
| Accum. Other Comp. Income | $30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $76.1B |
| Total Debt | $72.7B |
| Net Debt | $71.7B |
