| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.7B | $10.2B | $9.7B | -14.4% | -10.7% |
| Op. Income | $2.9B | $3.8B | $4.0B | -24.2% | -27.3% |
| Gross Margin | 62.6% | 63.4% | 64.6% | -0.8pp | -2.0pp |
| Net Margin | 17.2% | 19.7% | 22.1% | -2.5pp | -4.9pp |
| EPS (Diluted) | $1.13 | $1.48 | $1.51 | -24.1% | -25.2% |
| Free Cash Flow | -$65M | $1.9B | $1.5B | -103.4% | -104.4% |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $5.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.5B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $5.8B |
| OPERATING INCOME | $2.9B |
| Interest Income | $43M |
| Interest Expense | $144M |
| Other Income/Expenses | -$927M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $484M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $1.2B |
| EBIT | $1.9B |
| EBITDA | $3.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $5.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.5B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $5.8B |
| OPERATING INCOME | $2.9B |
| Interest Income | $43M |
| Interest Expense | $144M |
| Other Income/Expenses | -$927M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $484M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $1.2B |
| EBIT | $1.9B |
| EBITDA | $3.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $1.2B |
| Stock-Based Compensation | -$148M |
| Deferred Income Tax | -$56M |
| Other Non-Cash Items | -$307M |
| Change in Working Capital | -$1.4B |
| OPERATING CASH FLOW | $759M |
| Capital Expenditure | -$824M |
| Acquisitions (Net) | -$520M |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | $438M |
| NET CASH FROM INVESTING | -$907M |
| Net Debt Issuance | $639M |
| Common Stock Repurchased | -$639M |
| Common Dividends Paid | -$504M |
| Other Financing Activities | $23M |
| NET CASH FROM FINANCING | -$480M |
| FREE CASH FLOW | -$65M |
| Net Change in Cash | -$623M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $824M |
| Short-Term Investments | $0 |
| Net Receivables | $4.9B |
| Inventory | $3.8B |
| Other Current Assets | $584M |
| TOTAL CURRENT ASSETS | $10.1B |
| PP&E (Net) | $47.8B |
| Goodwill | $0 |
| Intangible Assets | $2.6B |
| Long-Term Investments | $0 |
| Tax Assets | $61M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $51.8B |
| TOTAL ASSETS | $61.9B |
| Account Payables | $5.3B |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $678M |
| TOTAL CURRENT LIABILITIES | $9.2B |
| Long-Term Debt | $7.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.2B |
| Other Non-Current Liabilities | $8.1B |
| TOTAL NON-CURRENT LIABILITIES | $23.6B |
| TOTAL LIABILITIES | $32.7B |
| Common Stock | $16.0B |
| Additional Paid-In Capital | $422M |
| Retained Earnings | $12.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $750M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $29.2B |
| TOTAL LIABILITIES & EQUITY | $61.9B |
| Total Debt | $12.3B |
| Net Debt | $11.5B |
