| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $5.0B | $2.5B | -40.1% | 17.3% |
| Op. Income | $1.3B | $2.6B | $1.1B | -51.3% | 15.6% |
| Gross Margin | 83.8% | 78.7% | 85.2% | 5.2pp | -1.3pp |
| Net Margin | 32.8% | 45.0% | 44.1% | -12.2pp | -11.3pp |
| EPS (Diluted) | $8.61 | $19.69 | $10.09 | -56.3% | -14.7% |
| Free Cash Flow | $2.0B | $2.2B | $553M | -11.6% | 254.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $479M |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $770M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $450M |
| Other Expenses | -$20M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$226M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $88M |
| Net Income from Continuing Ops | $974M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $974M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $974M |
| D&A | $74M |
| EBIT | $1.1B |
| EBITDA | $1.1B |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $479M |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $770M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $450M |
| Other Expenses | -$20M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$226M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $88M |
| Net Income from Continuing Ops | $974M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $974M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $974M |
| D&A | $74M |
| EBIT | $1.1B |
| EBITDA | $1.1B |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| Net Income | $974M |
| Depreciation & Amortization | $74M |
| Stock-Based Compensation | $167M |
| Deferred Income Tax | -$225M |
| Other Non-Cash Items | $289M |
| Change in Working Capital | $823M |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$142M |
| Acquisitions (Net) | $1.6B |
| Purchases of Investments | -$2.3B |
| Sales/Maturities of Investments | $746M |
| Other Investing Activities | -$1.6B |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$457M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$99M |
| NET CASH FROM FINANCING | $65M |
| FREE CASH FLOW | $2.0B |
| Net Change in Cash | $461M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $3.7B |
| Net Receivables | $4.8B |
| Inventory | $2.0B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $14.3B |
| PP&E (Net) | $3.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $7.1B |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $262M |
| TOTAL NON-CURRENT ASSETS | $12.0B |
| TOTAL ASSETS | $26.3B |
| Account Payables | $470M |
| Short-Term Debt | $0 |
| Deferred Revenue | $491M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $34M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $693M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $6.4B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $8.8B |
| Retained Earnings | $19.9B |
| Treasury Stock | -$8.6B |
| Accum. Other Comp. Income | -$170M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $19.9B |
| TOTAL LIABILITIES & EQUITY | $26.3B |
| Total Debt | $2.7B |
| Net Debt | -$645M |
