| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.8B | $4.8B | $4.8B | -0.5% | -0.2% |
| Op. Income | $1.8B | $2.0B | $2.0B | -9.1% | -6.2% |
| Gross Margin | 97.2% | 97.4% | 97.8% | -0.2pp | -0.7pp |
| Net Margin | 29.2% | 32.7% | 30.8% | -3.5pp | -1.6pp |
| EPS (Diluted) | $0.67 | $0.76 | $0.73 | -11.8% | -8.2% |
| Free Cash Flow | $2.8B | $5.3B | -$4.9B | -48.2% | 155.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $136M |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $973M |
| Operating Expenses | $2.8B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $1.8B |
| Interest Income | $2.3B |
| Interest Expense | $136M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $437M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $304M |
| EBIT | $1.8B |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $136M |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $973M |
| Operating Expenses | $2.8B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $1.8B |
| Interest Income | $2.3B |
| Interest Expense | $136M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $437M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $304M |
| EBIT | $1.8B |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $304M |
| Stock-Based Compensation | $144M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $584M |
| Change in Working Capital | $638M |
| OPERATING CASH FLOW | $3.1B |
| Capital Expenditure | -$296M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30.7B |
| Sales/Maturities of Investments | $29.9B |
| Other Investing Activities | -$2.6B |
| NET CASH FROM INVESTING | -$3.6B |
| Net Debt Issuance | $2.3B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$509M |
| Other Financing Activities | $22.0B |
| NET CASH FROM FINANCING | $24.6B |
| FREE CASH FLOW | $2.8B |
| Net Change in Cash | $24.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $91.1B |
| Short-Term Investments | $272.0B |
| Net Receivables | $84.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $447.2B |
| PP&E (Net) | $3.5B |
| Goodwill | $12.0B |
| Intangible Assets | $9.2B |
| Long-Term Investments | $142.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $66.5B |
| TOTAL NON-CURRENT ASSETS | $233.7B |
| TOTAL ASSETS | $681.0B |
| Account Payables | $125.3B |
| Short-Term Debt | $4.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $473.6B |
| TOTAL CURRENT LIABILITIES | $611.0B |
| Long-Term Debt | $21.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $21.9B |
| TOTAL LIABILITIES | $632.9B |
| Common Stock | $21M |
| Additional Paid-In Capital | $26.8B |
| Retained Earnings | $26.9B |
| Treasury Stock | -$5.3B |
| Accum. Other Comp. Income | -$11.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $48.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $48.1B |
| TOTAL LIABILITIES & EQUITY | $681.0B |
| Total Debt | $26.1B |
| Net Debt | -$65.0B |
