| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.7B | $2.4B | -18.9% | -6.3% |
| Op. Income | $382M | $790M | $630M | -51.6% | -39.3% |
| Gross Margin | 72.6% | 79.1% | 74.6% | -6.5pp | -2.0pp |
| Net Margin | 13.9% | 23.0% | 21.3% | -9.2pp | -7.4pp |
| EPS (Diluted) | $1.00 | $2.06 | $1.68 | -51.5% | -40.5% |
| Free Cash Flow | $278M | $341M | $296M | -18.4% | -5.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $604M |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.2B |
| Operating Expenses | $1.2B |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $382M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | $200.0K |
| INCOME BEFORE TAX | $383M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $306M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $306M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $306M |
| D&A | $0 |
| EBIT | $400M |
| EBITDA | $400M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $604M |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.2B |
| Operating Expenses | $1.2B |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $382M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | $200.0K |
| INCOME BEFORE TAX | $383M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $306M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $306M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $306M |
| D&A | $0 |
| EBIT | $400M |
| EBITDA | $400M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $306M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $74M |
| Other Non-Cash Items | -$227M |
| Change in Working Capital | $126M |
| OPERATING CASH FLOW | $278M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $996M |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$285M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$69M |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | -$56M |
| FREE CASH FLOW | $278M |
| Net Change in Cash | -$63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $11.5B |
| Net Receivables | $6.9B |
| Inventory | $0 |
| Other Current Assets | -$18.5B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $16.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$16.4B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $25.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$614M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $157M |
| Other Non-Current Liabilities | -$1.8B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $18.4B |
| Common Stock | $308M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $5.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$321M |
| Other Equity | -$80M |
| TOTAL STOCKHOLDERS' EQUITY | $6.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.8B |
| TOTAL LIABILITIES & EQUITY | $25.1B |
| Total Debt | $1.6B |
| Net Debt | $1.5B |
