| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.0B | $2.9B | 2.5% | 4.9% |
| Op. Income | $1.2B | $1.0B | $1.3B | 17.8% | -6.2% |
| Gross Margin | 75.1% | 73.5% | 77.9% | 1.6pp | -2.8pp |
| Net Margin | 30.8% | 27.5% | 35.5% | 3.3pp | -4.7pp |
| EPS (Diluted) | $1.79 | $1.48 | $1.73 | 20.9% | 3.5% |
| Free Cash Flow | $1.4B | $2.0B | $1.8B | -30.3% | -24.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $754M |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $116M |
| General & Administrative | $402M |
| SG&A Expenses | $518M |
| Other Expenses | $521M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $1.2B |
| Interest Income | $4.0B |
| Interest Expense | $233M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $301M |
| Net Income from Continuing Ops | $932M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $932M |
| Net Income Deductions | -$10M |
| BOTTOM LINE NET INCOME | $922M |
| D&A | $107M |
| EBIT | $1.2B |
| EBITDA | $1.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $754M |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $116M |
| General & Administrative | $402M |
| SG&A Expenses | $518M |
| Other Expenses | $521M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $1.2B |
| Interest Income | $4.0B |
| Interest Expense | $233M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $301M |
| Net Income from Continuing Ops | $932M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $932M |
| Net Income Deductions | -$10M |
| BOTTOM LINE NET INCOME | $922M |
| D&A | $107M |
| EBIT | $1.2B |
| EBITDA | $1.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $932M |
| Depreciation & Amortization | $107M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $49M |
| Other Non-Cash Items | $668M |
| Change in Working Capital | -$360M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $2.0B |
| Other Investing Activities | $1.3B |
| NET CASH FROM INVESTING | $1.8B |
| Net Debt Issuance | -$1.1B |
| Common Stock Repurchased | -$968M |
| Common Dividends Paid | -$114M |
| Other Financing Activities | $1.3B |
| NET CASH FROM FINANCING | -$976M |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | $2.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.5B |
| Short-Term Investments | $4.7B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15.2B |
| PP&E (Net) | $0 |
| Goodwill | $1.1B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $83.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.2B |
| TOTAL NON-CURRENT ASSETS | $80.0B |
| TOTAL ASSETS | $95.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $63.6B |
| TOTAL CURRENT LIABILITIES | $68.5B |
| Long-Term Debt | $13.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $13.4B |
| TOTAL LIABILITIES | $81.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $9.6B |
| Retained Earnings | $15.0B |
| Treasury Stock | -$11.8B |
| Accum. Other Comp. Income | -$121M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.4B |
| TOTAL LIABILITIES & EQUITY | $95.3B |
| Total Debt | $13.4B |
| Net Debt | $2.8B |
