| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.1B | $1.1B | 13.0% | 18.4% |
| Op. Income | $362M | $297M | $222M | 22.0% | 63.5% |
| Gross Margin | 49.5% | 49.2% | 46.4% | 0.3pp | 3.2pp |
| Net Margin | 25.4% | 25.7% | 12.9% | -0.3pp | 12.5pp |
| EPS (Diluted) | $2.84 | $2.51 | $1.18 | 13.1% | 140.7% |
| Free Cash Flow | $198M | $276M | $237M | -28.5% | -16.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $634M |
| GROSS PROFIT | $622M |
| R&D Expenses | $158M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $93M |
| Other Expenses | $7M |
| Operating Expenses | $259M |
| Cost & Expenses | $893M |
| OPERATING INCOME | $362M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $352M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $319M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $319M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $319M |
| D&A | $89M |
| EBIT | $367M |
| EBITDA | $457M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $634M |
| GROSS PROFIT | $622M |
| R&D Expenses | $158M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $93M |
| Other Expenses | $7M |
| Operating Expenses | $259M |
| Cost & Expenses | $893M |
| OPERATING INCOME | $362M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $352M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $319M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $319M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $319M |
| D&A | $89M |
| EBIT | $367M |
| EBITDA | $457M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $319M |
| Depreciation & Amortization | $89M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$191M |
| OPERATING CASH FLOW | $245M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$223M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$38M |
| NET CASH FROM FINANCING | -$251M |
| FREE CASH FLOW | $198M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $697M |
| Inventory | $598M |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $1.3B |
| Goodwill | $2.7B |
| Intangible Assets | $615M |
| Long-Term Investments | $37M |
| Tax Assets | $0 |
| Other Non-Current Assets | $372M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $522M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $91M |
| TOTAL CURRENT LIABILITIES | $902M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $206M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $4.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $546M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $1.7B |
| Net Debt | $593M |
