| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $841M | $840M | $905M | 0.1% | -7.1% |
| Op. Income | -$9M | $220M | $234M | -104.1% | -103.8% |
| Gross Margin | 61.2% | 58.6% | 56.9% | 2.7pp | 4.3pp |
| Net Margin | -1.3% | 20.6% | 20.4% | -21.9pp | -21.7pp |
| EPS (Diluted) | $-0.07 | $1.04 | $0.99 | -106.7% | -107.1% |
| Free Cash Flow | $168M | $201M | $171M | -16.4% | -1.8% |
| Item | Amount |
|---|---|
| REVENUE | $841M |
| Cost of Revenue | $326M |
| GROSS PROFIT | $515M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $136M |
| SG&A Expenses | $136M |
| Other Expenses | $388M |
| Operating Expenses | $524M |
| Cost & Expenses | $850M |
| OPERATING INCOME | -$9M |
| Interest Income | $635M |
| Interest Expense | $321M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $0 |
| EBIT | -$9M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$76M |
| Change in Working Capital | $251M |
| OPERATING CASH FLOW | $168M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.6B |
| NET CASH FROM INVESTING | $1.6B |
| Net Debt Issuance | $783M |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | -$25M |
| Other Financing Activities | -$2.1B |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $168M |
| Net Change in Cash | $267M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $905M |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $95M |
| Goodwill | $671M |
| Intangible Assets | $54M |
| Long-Term Investments | $73.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.2B |
| TOTAL NON-CURRENT ASSETS | $77.3B |
| TOTAL ASSETS | $80.6B |
| Account Payables | $0 |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.8B |
| Long-Term Debt | $72.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $74.2B |
| TOTAL LIABILITIES | $78.0B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $3.9B |
| Treasury Stock | -$4.5B |
| Accum. Other Comp. Income | -$133M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $11M |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $80.6B |
| Total Debt | $76.7B |
| Net Debt | $75.8B |
