| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.9B | $3.5B | 2.8% | -15.0% |
| Op. Income | $1.2B | $1.3B | $1.8B | -6.4% | -33.8% |
| Gross Margin | 86.0% | 87.0% | 84.8% | -1.0pp | 1.3pp |
| Net Margin | 44.8% | 29.8% | 47.3% | 15.0pp | -2.5pp |
| EPS (Diluted) | $11.66 | $7.47 | $14.33 | 56.1% | -18.6% |
| Free Cash Flow | $486M | $411M | $3.3B | 18.4% | -85.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $410M |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $819M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $529M |
| Other Expenses | -$46M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | $286M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $194M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $93M |
| EBIT | $1.5B |
| EBITDA | $1.6B |
| EPS | $12 |
| EPS Diluted | $12 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $410M |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $819M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $529M |
| Other Expenses | -$46M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | $286M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $194M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $93M |
| EBIT | $1.5B |
| EBITDA | $1.6B |
| EPS | $12 |
| EPS Diluted | $12 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $93M |
| Stock-Based Compensation | $166M |
| Deferred Income Tax | -$86M |
| Other Non-Cash Items | -$193M |
| Change in Working Capital | -$667M |
| OPERATING CASH FLOW | $629M |
| Capital Expenditure | -$143M |
| Acquisitions (Net) | -$1.3B |
| Purchases of Investments | -$570M |
| Sales/Maturities of Investments | $1.8B |
| Other Investing Activities | $335M |
| NET CASH FROM INVESTING | $192M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$109M |
| NET CASH FROM FINANCING | -$725M |
| FREE CASH FLOW | $486M |
| Net Change in Cash | $96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.5B |
| Short-Term Investments | $3.5B |
| Net Receivables | $5.5B |
| Inventory | $2.4B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15.4B |
| PP&E (Net) | $3.7B |
| Goodwill | $0 |
| Intangible Assets | $804M |
| Long-Term Investments | $6.0B |
| Tax Assets | $1.5B |
| Other Non-Current Assets | $320M |
| TOTAL NON-CURRENT ASSETS | $12.2B |
| TOTAL ASSETS | $27.7B |
| Account Payables | $536M |
| Short-Term Debt | $0 |
| Deferred Revenue | $547M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $60M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $599M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $9.5B |
| Retained Earnings | $22.1B |
| Treasury Stock | -$9.9B |
| Accum. Other Comp. Income | -$275M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $21.4B |
| TOTAL LIABILITIES & EQUITY | $27.7B |
| Total Debt | $2.7B |
| Net Debt | -$790M |
