| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.9B | $8.7B | $6.3B | -21.3% | 9.6% |
| Op. Income | $498M | $1.0B | $414M | -51.7% | 20.3% |
| Gross Margin | 37.5% | 42.8% | 40.6% | -5.3pp | -3.1pp |
| Net Margin | 4.8% | 42.3% | 4.0% | -37.6pp | 0.8pp |
| EPS (Diluted) | $0.06 | $0.65 | $0.04 | -91.2% | 32.8% |
| Free Cash Flow | -$174M | $441M | $433M | -139.5% | -140.3% |
| Item | Amount |
|---|---|
| REVENUE | $6.9B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $852M |
| Other Expenses | -$80M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $6.4B |
| OPERATING INCOME | $498M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $469M |
| Income Tax Expense | $130M |
| Net Income from Continuing Ops | $339M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $326M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $326M |
| D&A | $311M |
| EBIT | $499M |
| EBITDA | $810M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.9B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $852M |
| Other Expenses | -$80M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $6.4B |
| OPERATING INCOME | $498M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $469M |
| Income Tax Expense | $130M |
| Net Income from Continuing Ops | $339M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $326M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $326M |
| D&A | $311M |
| EBIT | $499M |
| EBITDA | $810M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $326M |
| Depreciation & Amortization | $311M |
| Stock-Based Compensation | -$84M |
| Deferred Income Tax | $131M |
| Other Non-Cash Items | -$540M |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | $97M |
| Capital Expenditure | -$271M |
| Acquisitions (Net) | $26M |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$265M |
| Net Debt Issuance | -$317M |
| Common Stock Repurchased | -$95M |
| Common Dividends Paid | -$131M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$542M |
| FREE CASH FLOW | -$174M |
| Net Change in Cash | -$748M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.1B |
| Short-Term Investments | $3.7B |
| Net Receivables | $9.7B |
| Inventory | $4.2B |
| Other Current Assets | $727M |
| TOTAL CURRENT ASSETS | $24.5B |
| PP&E (Net) | $3.7B |
| Goodwill | $7.1B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $3.1B |
| Tax Assets | $4.8B |
| Other Non-Current Assets | $8.7B |
| TOTAL NON-CURRENT ASSETS | $28.9B |
| TOTAL ASSETS | $53.3B |
| Account Payables | $5.3B |
| Short-Term Debt | $993M |
| Deferred Revenue | $2.6B |
| Other Current Liabilities | $6.6B |
| TOTAL CURRENT LIABILITIES | $15.8B |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $166M |
| Deferred Tax Liabilities | $429M |
| Other Non-Current Liabilities | $4.0B |
| TOTAL NON-CURRENT LIABILITIES | $10.4B |
| TOTAL LIABILITIES | $26.2B |
| Common Stock | $312M |
| Additional Paid-In Capital | $691M |
| Retained Earnings | $2.0B |
| Treasury Stock | -$550M |
| Accum. Other Comp. Income | $24.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27.0B |
| Minority Interest | $127M |
| TOTAL EQUITY | $27.2B |
| TOTAL LIABILITIES & EQUITY | $53.3B |
| Total Debt | $6.8B |
| Net Debt | $654M |
