| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.4B | $10.7B | $10.7B | 7.2% | 7.0% |
| Op. Income | $2.0B | $1.8B | $2.7B | 13.0% | -25.9% |
| Gross Margin | 36.3% | 40.5% | 46.1% | -4.2pp | -9.8pp |
| Net Margin | 13.8% | 14.0% | 15.5% | -0.2pp | -1.7pp |
| EPS (Diluted) | $4.01 | $3.78 | $4.17 | 6.1% | -3.8% |
| Free Cash Flow | $2.9B | $1.4B | $1.9B | 111.3% | 58.2% |
| Item | Amount |
|---|---|
| REVENUE | $11.4B |
| Cost of Revenue | $7.3B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $391M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $2.2B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $2.0B |
| Interest Income | $150M |
| Interest Expense | $269M |
| Other Income/Expenses | -$238M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $173M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $848M |
| EBIT | $2.0B |
| EBITDA | $2.9B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $11.4B |
| Cost of Revenue | $7.3B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $391M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $2.2B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $2.0B |
| Interest Income | $150M |
| Interest Expense | $269M |
| Other Income/Expenses | -$238M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $173M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $848M |
| EBIT | $2.0B |
| EBITDA | $2.9B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $848M |
| Stock-Based Compensation | $75M |
| Deferred Income Tax | -$133M |
| Other Non-Cash Items | $81M |
| Change in Working Capital | $1.0B |
| OPERATING CASH FLOW | $3.5B |
| Capital Expenditure | -$550M |
| Acquisitions (Net) | $6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $19M |
| NET CASH FROM INVESTING | -$525M |
| Net Debt Issuance | $3.5B |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | -$117M |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | $2.4B |
| FREE CASH FLOW | $2.9B |
| Net Change in Cash | $5.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.5B |
| Short-Term Investments | $0 |
| Net Receivables | $9.4B |
| Inventory | $5.6B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $25.2B |
| PP&E (Net) | $10.9B |
| Goodwill | $41.2B |
| Intangible Assets | $17.5B |
| Long-Term Investments | $155M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.2B |
| TOTAL NON-CURRENT ASSETS | $71.9B |
| TOTAL ASSETS | $97.2B |
| Account Payables | $3.4B |
| Short-Term Debt | $5.9B |
| Deferred Revenue | $2.6B |
| Other Current Liabilities | $3.1B |
| TOTAL CURRENT LIABILITIES | $17.0B |
| Long-Term Debt | $28.9B |
| Deferred Revenue NC | $1.2B |
| Deferred Tax Liabilities | $2.8B |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $36.0B |
| TOTAL LIABILITIES | $53.0B |
| Common Stock | $441M |
| Additional Paid-In Capital | $16.7B |
| Retained Earnings | $41.9B |
| Treasury Stock | -$12.0B |
| Accum. Other Comp. Income | -$3.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $44.0B |
| Minority Interest | $170M |
| TOTAL EQUITY | $44.1B |
| TOTAL LIABILITIES & EQUITY | $97.2B |
| Total Debt | $36.1B |
| Net Debt | $27.5B |
