| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $994M | $926M | $887M | 7.3% | 12.1% |
| Op. Income | $157M | $128M | $141M | 22.8% | 11.4% |
| Gross Margin | 55.3% | 55.2% | 55.6% | 0.1pp | -0.3pp |
| Net Margin | 11.1% | 12.5% | 12.9% | -1.4pp | -1.8pp |
| EPS (Diluted) | $0.44 | $0.45 | $0.45 | -2.2% | -2.2% |
| Free Cash Flow | $139M | $141M | $218M | -1.5% | -36.4% |
| Item | Amount |
|---|---|
| REVENUE | $994M |
| Cost of Revenue | $444M |
| GROSS PROFIT | $550M |
| R&D Expenses | $140M |
| Selling & Marketing | $132M |
| General & Administrative | $102M |
| SG&A Expenses | $233M |
| Other Expenses | $19M |
| Operating Expenses | $393M |
| Cost & Expenses | $837M |
| OPERATING INCOME | $157M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $139M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $45M |
| EBIT | $155M |
| EBITDA | $199M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $994M |
| Cost of Revenue | $444M |
| GROSS PROFIT | $550M |
| R&D Expenses | $140M |
| Selling & Marketing | $132M |
| General & Administrative | $102M |
| SG&A Expenses | $233M |
| Other Expenses | $19M |
| Operating Expenses | $393M |
| Cost & Expenses | $837M |
| OPERATING INCOME | $157M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $139M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $45M |
| EBIT | $155M |
| EBITDA | $199M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $110M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$30M |
| OPERATING CASH FLOW | $153M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$107M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$110M |
| FREE CASH FLOW | $139M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $357M |
| Short-Term Investments | $0 |
| Net Receivables | $656M |
| Inventory | $401M |
| Other Current Assets | $152M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $382M |
| Goodwill | $4.0B |
| Intangible Assets | $469M |
| Long-Term Investments | $0 |
| Tax Assets | $495M |
| Other Non-Current Assets | $295M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $7.2B |
| Account Payables | $213M |
| Short-Term Debt | $0 |
| Deferred Revenue | $623M |
| Other Current Liabilities | $411M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $81M |
| Deferred Tax Liabilities | $238M |
| Other Non-Current Liabilities | $202M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $300.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$164M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $1.4B |
| Net Debt | $1.1B |
