| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.3B | $2.1B | -4.2% | 6.2% |
| Op. Income | $510M | $475M | $254M | 7.4% | 100.8% |
| Gross Margin | 50.6% | 50.5% | 50.2% | 0.1pp | 0.4pp |
| Net Margin | 14.1% | 14.0% | 10.6% | 0.2pp | 3.5pp |
| EPS (Diluted) | $0.77 | $0.80 | $0.50 | -3.8% | 54.0% |
| Free Cash Flow | $258M | $483M | $214M | -46.6% | 20.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $67M |
| Selling & Marketing | $272M |
| General & Administrative | $123M |
| SG&A Expenses | $395M |
| Other Expenses | $135M |
| Operating Expenses | $597M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $510M |
| Interest Income | $0 |
| Interest Expense | $103M |
| Other Income/Expenses | -$101M |
| INCOME BEFORE TAX | $409M |
| Income Tax Expense | $100M |
| Net Income from Continuing Ops | $309M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $309M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $311M |
| D&A | $147M |
| EBIT | $512M |
| EBITDA | $659M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $67M |
| Selling & Marketing | $272M |
| General & Administrative | $123M |
| SG&A Expenses | $395M |
| Other Expenses | $135M |
| Operating Expenses | $597M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $510M |
| Interest Income | $0 |
| Interest Expense | $103M |
| Other Income/Expenses | -$101M |
| INCOME BEFORE TAX | $409M |
| Income Tax Expense | $100M |
| Net Income from Continuing Ops | $309M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $309M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $311M |
| D&A | $147M |
| EBIT | $512M |
| EBITDA | $659M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $309M |
| Depreciation & Amortization | $147M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | $29M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$195M |
| OPERATING CASH FLOW | $355M |
| Capital Expenditure | -$97M |
| Acquisitions (Net) | -$44M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$142M |
| Net Debt Issuance | $980M |
| Common Stock Repurchased | -$206M |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | -$328M |
| FREE CASH FLOW | $258M |
| Net Change in Cash | -$115M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $0 |
| Net Receivables | $650M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.8B |
| Goodwill | $3.2B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $0 |
| Tax Assets | $200M |
| Other Non-Current Assets | $757M |
| TOTAL NON-CURRENT ASSETS | $9.1B |
| TOTAL ASSETS | $10.2B |
| Account Payables | $1.2B |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $68M |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $9.8B |
| Deferred Revenue NC | $91M |
| Deferred Tax Liabilities | $512M |
| Other Non-Current Liabilities | $150M |
| TOTAL NON-CURRENT LIABILITIES | $10.9B |
| TOTAL LIABILITIES | $13.8B |
| Common Stock | $4M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$3.6B |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3.6B |
| TOTAL LIABILITIES & EQUITY | $10.2B |
| Total Debt | $10.2B |
| Net Debt | $10.2B |
