| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $3.0B | $5.1B | -3.6% | -44.4% |
| Op. Income | $1.3B | $1.3B | $3.3B | 1.6% | -61.0% |
| Gross Margin | 87.0% | 83.8% | 85.1% | 3.2pp | 1.9pp |
| Net Margin | 29.8% | 32.8% | 60.3% | -3.0pp | -30.5pp |
| EPS (Diluted) | $7.47 | $8.61 | $27.97 | -13.2% | -73.3% |
| Free Cash Flow | $411M | $2.0B | $478M | -79.0% | -14.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $372M |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $720M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $476M |
| Other Expenses | -$17M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$344M |
| INCOME BEFORE TAX | $963M |
| Income Tax Expense | $111M |
| Net Income from Continuing Ops | $852M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $852M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $852M |
| D&A | $74M |
| EBIT | $976M |
| EBITDA | $1.1B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $372M |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $720M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $476M |
| Other Expenses | -$17M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$344M |
| INCOME BEFORE TAX | $963M |
| Income Tax Expense | $111M |
| Net Income from Continuing Ops | $852M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $852M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $852M |
| D&A | $74M |
| EBIT | $976M |
| EBITDA | $1.1B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $852M |
| Depreciation & Amortization | $74M |
| Stock-Based Compensation | $160M |
| Deferred Income Tax | -$156M |
| Other Non-Cash Items | $415M |
| Change in Working Capital | -$781M |
| OPERATING CASH FLOW | $564M |
| Capital Expenditure | -$154M |
| Acquisitions (Net) | -$230M |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$414M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$408M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$49M |
| NET CASH FROM FINANCING | -$101M |
| FREE CASH FLOW | $411M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $4.2B |
| Net Receivables | $5.2B |
| Inventory | $2.2B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15.5B |
| PP&E (Net) | $3.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $6.4B |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $270M |
| TOTAL NON-CURRENT ASSETS | $11.7B |
| TOTAL ASSETS | $27.2B |
| Account Payables | $534M |
| Short-Term Debt | $0 |
| Deferred Revenue | $566M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $59M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $725M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $6.5B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $9.1B |
| Retained Earnings | $20.8B |
| Treasury Stock | -$9.0B |
| Accum. Other Comp. Income | -$224M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $20.7B |
| TOTAL LIABILITIES & EQUITY | $27.2B |
| Total Debt | $2.7B |
| Net Debt | -$694M |
