| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.0B | $13.1B | $12.8B | -15.6% | -13.8% |
| Op. Income | $2.6B | $1.9B | $2.9B | 34.3% | -8.2% |
| Gross Margin | 72.9% | 68.9% | 69.9% | 4.0pp | 3.0pp |
| Net Margin | 20.8% | 11.2% | 17.3% | 9.6pp | 3.4pp |
| EPS (Diluted) | $1.08 | $0.68 | $0.99 | 58.8% | 9.1% |
| Free Cash Flow | $2.5B | $3.5B | $790M | -28.2% | 214.8% |
| Item | Amount |
|---|---|
| REVENUE | $11.0B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $8.1B |
| R&D Expenses | $2.6B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.9B |
| Other Expenses | -$28M |
| Operating Expenses | $5.4B |
| Cost & Expenses | $8.4B |
| OPERATING INCOME | $2.6B |
| Interest Income | $0 |
| Interest Expense | $200M |
| Other Income/Expenses | -$98M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $370M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $144M |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $1.9B |
| EBIT | $2.7B |
| EBITDA | $4.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.0B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $8.1B |
| R&D Expenses | $2.6B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.9B |
| Other Expenses | -$28M |
| Operating Expenses | $5.4B |
| Cost & Expenses | $8.4B |
| OPERATING INCOME | $2.6B |
| Interest Income | $0 |
| Interest Expense | $200M |
| Other Income/Expenses | -$98M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $370M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $144M |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $1.9B |
| EBIT | $2.7B |
| EBITDA | $4.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $2.0B |
| Stock-Based Compensation | $190M |
| Deferred Income Tax | $446M |
| Other Non-Cash Items | -$474M |
| Change in Working Capital | -$1.5B |
| OPERATING CASH FLOW | $3.0B |
| Capital Expenditure | -$470M |
| Acquisitions (Net) | -$42M |
| Purchases of Investments | -$107M |
| Sales/Maturities of Investments | $11.1B |
| Other Investing Activities | $162M |
| NET CASH FROM INVESTING | $10.6B |
| Net Debt Issuance | $933M |
| Common Stock Repurchased | -$2.9B |
| Common Dividends Paid | -$7.3B |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$9.2B |
| FREE CASH FLOW | $2.5B |
| Net Change in Cash | $4.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12.0B |
| Short-Term Investments | $260M |
| Net Receivables | $9.2B |
| Inventory | $7.9B |
| Other Current Assets | $2.8B |
| TOTAL CURRENT ASSETS | $32.1B |
| PP&E (Net) | $12.3B |
| Goodwill | $29.5B |
| Intangible Assets | $30.5B |
| Long-Term Investments | $2.6B |
| Tax Assets | $4.1B |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $80.1B |
| TOTAL ASSETS | $112.2B |
| Account Payables | $5.4B |
| Short-Term Debt | $7.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.9B |
| TOTAL CURRENT LIABILITIES | $30.5B |
| Long-Term Debt | $20.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.7B |
| Other Non-Current Liabilities | $4.8B |
| TOTAL NON-CURRENT LIABILITIES | $29.6B |
| TOTAL LIABILITIES | $60.1B |
| Common Stock | $842M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $56.1B |
| Treasury Stock | -$36M |
| Accum. Other Comp. Income | -$4.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $52.1B |
| Minority Interest | $83M |
| TOTAL EQUITY | $52.1B |
| TOTAL LIABILITIES & EQUITY | $112.2B |
| Total Debt | $29.2B |
| Net Debt | $17.2B |
