| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.0B | $2.6B | 35.2% | 4.2% |
| Op. Income | $790M | $106M | $652M | 646.2% | 21.1% |
| Gross Margin | 79.1% | 69.4% | 76.9% | 9.7pp | 2.1pp |
| Net Margin | 23.0% | 4.4% | 19.9% | 18.6pp | 3.1pp |
| EPS (Diluted) | $2.06 | $0.29 | $1.74 | 610.3% | 18.4% |
| Free Cash Flow | $341M | $455M | $376M | -25.1% | -9.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $569M |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.4B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $790M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $790M |
| Income Tax Expense | $163M |
| Net Income from Continuing Ops | $627M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $627M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $627M |
| D&A | $0 |
| EBIT | $806M |
| EBITDA | $806M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $569M |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.4B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $790M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $790M |
| Income Tax Expense | $163M |
| Net Income from Continuing Ops | $627M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $627M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $627M |
| D&A | $0 |
| EBIT | $806M |
| EBITDA | $806M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $627M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$480M |
| Change in Working Capital | $163M |
| OPERATING CASH FLOW | $341M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$349M |
| Sales/Maturities of Investments | $549M |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | $188M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$518M |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$504M |
| FREE CASH FLOW | $341M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $158M |
| Short-Term Investments | $11.2B |
| Net Receivables | $6.7B |
| Inventory | $0 |
| Other Current Assets | -$18.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $16.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$16.5B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $25.0B |
| Account Payables | $0 |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$2.2B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $250M |
| Other Non-Current Liabilities | -$1.8B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $18.1B |
| Common Stock | $308M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $5.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $78M |
| Other Equity | -$83M |
| TOTAL STOCKHOLDERS' EQUITY | $6.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.9B |
| TOTAL LIABILITIES & EQUITY | $25.0B |
| Total Debt | $3.2B |
| Net Debt | $3.0B |
