| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25.2B | $31.0B | $24.2B | -18.8% | 4.0% |
| Op. Income | $1.3B | $2.1B | $2.4B | -35.8% | -43.3% |
| Gross Margin | 26.7% | 26.6% | 30.9% | 0.1pp | -4.3pp |
| Net Margin | 4.0% | 5.0% | 8.7% | -1.0pp | -4.7pp |
| EPS (Diluted) | $2.16 | $3.21 | $4.17 | -32.7% | -48.2% |
| Free Cash Flow | -$2.3B | $2.0B | $599M | -219.3% | -491.7% |
| Item | Amount |
|---|---|
| REVENUE | $25.2B |
| Cost of Revenue | $18.5B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.8B |
| Other Expenses | $601M |
| Operating Expenses | $5.4B |
| Cost & Expenses | $23.8B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $112M |
| Other Income/Expenses | -$97M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $240M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $679M |
| EBIT | $1.4B |
| EBITDA | $2.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $25.2B |
| Cost of Revenue | $18.5B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.8B |
| Other Expenses | $601M |
| Operating Expenses | $5.4B |
| Cost & Expenses | $23.8B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $112M |
| Other Income/Expenses | -$97M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $240M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $679M |
| EBIT | $1.4B |
| EBITDA | $2.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $679M |
| Stock-Based Compensation | $83M |
| Deferred Income Tax | $115M |
| Other Non-Cash Items | $52M |
| Change in Working Capital | -$3.3B |
| OPERATING CASH FLOW | -$1.4B |
| Capital Expenditure | -$952M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$948M |
| Net Debt Issuance | $897M |
| Common Stock Repurchased | -$2.8B |
| Common Dividends Paid | -$424M |
| Other Financing Activities | -$170M |
| NET CASH FROM FINANCING | -$2.5B |
| FREE CASH FLOW | -$2.3B |
| Net Change in Cash | -$4.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $15.1B |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $18.0B |
| PP&E (Net) | $31.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $32.9B |
| TOTAL ASSETS | $50.8B |
| Account Payables | $14.1B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $20.7B |
| Long-Term Debt | $13.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $19.3B |
| TOTAL LIABILITIES | $40.1B |
| Common Stock | $39M |
| Additional Paid-In Capital | $5.6B |
| Retained Earnings | $5.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$352M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.8B |
| TOTAL LIABILITIES & EQUITY | $50.8B |
| Total Debt | $17.0B |
| Net Debt | $15.9B |
