| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.3B | $7.6B | $5.7B | 8.4% | 46.4% |
| Op. Income | $1.9B | $3.0B | $2.0B | -37.1% | -4.5% |
| Gross Margin | 65.5% | 65.4% | 64.1% | 0.1pp | 1.4pp |
| Net Margin | 19.5% | 39.3% | 33.8% | -19.8pp | -14.3pp |
| EPS (Diluted) | $0.06 | $0.12 | $0.08 | -46.7% | -15.8% |
| Free Cash Flow | $1.4B | $2.8B | $1.6B | -50.4% | -13.1% |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $5.4B |
| R&D Expenses | $1.6B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $592M |
| Other Expenses | $1.4B |
| Operating Expenses | $3.6B |
| Cost & Expenses | $6.4B |
| OPERATING INCOME | $1.9B |
| Interest Income | $18M |
| Interest Expense | $68M |
| Other Income/Expenses | -$63M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $187M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $334M |
| EBIT | $1.9B |
| EBITDA | $2.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $5.4B |
| R&D Expenses | $1.6B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $592M |
| Other Expenses | $1.4B |
| Operating Expenses | $3.6B |
| Cost & Expenses | $6.4B |
| OPERATING INCOME | $1.9B |
| Interest Income | $18M |
| Interest Expense | $68M |
| Other Income/Expenses | -$63M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $187M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $334M |
| EBIT | $1.9B |
| EBITDA | $2.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $334M |
| Stock-Based Compensation | $578M |
| Deferred Income Tax | -$542M |
| Other Non-Cash Items | $1.4B |
| Change in Working Capital | -$1.6B |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$361M |
| Acquisitions (Net) | -$36M |
| Purchases of Investments | -$4.0B |
| Sales/Maturities of Investments | $7.0B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $2.6B |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | -$2.0B |
| Common Dividends Paid | -$100M |
| Other Financing Activities | -$328M |
| NET CASH FROM FINANCING | -$2.4B |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | $1.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.9B |
| Short-Term Investments | $16.5B |
| Net Receivables | $5.4B |
| Inventory | $3.2B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $29.6B |
| PP&E (Net) | $3.8B |
| Goodwill | $4.4B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $285M |
| Tax Assets | $1.8B |
| Other Non-Current Assets | $3.2B |
| TOTAL NON-CURRENT ASSETS | $15.6B |
| TOTAL ASSETS | $45.2B |
| Account Payables | $2.0B |
| Short-Term Debt | $0 |
| Deferred Revenue | $334M |
| Other Current Liabilities | $495M |
| TOTAL CURRENT LIABILITIES | $5.6B |
| Long-Term Debt | $10.9B |
| Deferred Revenue NC | $203M |
| Deferred Tax Liabilities | $257M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $13.3B |
| TOTAL LIABILITIES | $18.9B |
| Common Stock | $3M |
| Additional Paid-In Capital | $10.6B |
| Retained Earnings | $15.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$64M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $26.3B |
| TOTAL LIABILITIES & EQUITY | $45.2B |
| Total Debt | $11.7B |
| Net Debt | $7.8B |
