| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.0B | $11.8B | $9.3B | -7.2% | 18.3% |
| Op. Income | $1.9B | $2.8B | $2.3B | -31.7% | -13.8% |
| Gross Margin | 41.8% | 46.4% | 48.9% | -4.6pp | -7.1pp |
| Net Margin | 15.2% | 18.7% | 19.7% | -3.6pp | -4.5pp |
| EPS (Diluted) | $4.22 | $5.61 | $4.61 | -24.8% | -8.5% |
| Free Cash Flow | $1.0B | $1.6B | $1.7B | -34.6% | -39.4% |
| Item | Amount |
|---|---|
| REVENUE | $11.0B |
| Cost of Revenue | $6.4B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $365M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.3B |
| Other Expenses | $0 |
| Operating Expenses | $2.6B |
| Cost & Expenses | $9.0B |
| OPERATING INCOME | $1.9B |
| Interest Income | $36M |
| Interest Expense | $148M |
| Other Income/Expenses | -$75M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $198M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $836M |
| EBIT | $2.1B |
| EBITDA | $2.9B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $11.0B |
| Cost of Revenue | $6.4B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $365M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.3B |
| Other Expenses | $0 |
| Operating Expenses | $2.6B |
| Cost & Expenses | $9.0B |
| OPERATING INCOME | $1.9B |
| Interest Income | $36M |
| Interest Expense | $148M |
| Other Income/Expenses | -$75M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $198M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $836M |
| EBIT | $2.1B |
| EBITDA | $2.9B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $836M |
| Stock-Based Compensation | $77M |
| Deferred Income Tax | -$262M |
| Other Non-Cash Items | $58M |
| Change in Working Capital | -$849M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$506M |
| Acquisitions (Net) | $12M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $75M |
| NET CASH FROM INVESTING | -$419M |
| Net Debt Issuance | -$1.8B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$117M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$1.9B |
| FREE CASH FLOW | $1.0B |
| Net Change in Cash | -$874M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $8.9B |
| Inventory | $5.7B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $18.1B |
| PP&E (Net) | $8.5B |
| Goodwill | $41.1B |
| Intangible Assets | $18.6B |
| Long-Term Investments | $99M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.2B |
| TOTAL NON-CURRENT ASSETS | $72.5B |
| TOTAL ASSETS | $90.6B |
| Account Payables | $2.6B |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $2.7B |
| Other Current Liabilities | $3.0B |
| TOTAL CURRENT LIABILITIES | $11.0B |
| Long-Term Debt | $29.3B |
| Deferred Revenue NC | $1.2B |
| Deferred Tax Liabilities | $3.3B |
| Other Non-Current Liabilities | $3.3B |
| TOTAL NON-CURRENT LIABILITIES | $37.1B |
| TOTAL LIABILITIES | $48.1B |
| Common Stock | $440M |
| Additional Paid-In Capital | $16.5B |
| Retained Earnings | $39.1B |
| Treasury Stock | -$11.0B |
| Accum. Other Comp. Income | -$2.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $42.3B |
| Minority Interest | $178M |
| TOTAL EQUITY | $42.5B |
| TOTAL LIABILITIES & EQUITY | $90.6B |
| Total Debt | $30.3B |
| Net Debt | $28.4B |
