| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.7B | $5.2B | $4.8B | -10.9% | -3.4% |
| Op. Income | $2.2B | $2.7B | $2.5B | -18.7% | -13.1% |
| Gross Margin | 66.1% | 69.0% | 69.3% | -2.9pp | -3.2pp |
| Net Margin | 42.0% | 43.8% | 44.2% | -1.8pp | -2.2pp |
| EPS (Diluted) | $2.13 | $2.47 | $2.27 | -13.8% | -6.2% |
| Free Cash Flow | $1.1B | $2.0B | $1.1B | -45.6% | 0.0% |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $434M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $429M |
| Other Expenses | $48M |
| Operating Expenses | $911M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $60M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $205M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $263M |
| EBIT | $2.2B |
| EBITDA | $2.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $434M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $429M |
| Other Expenses | $48M |
| Operating Expenses | $911M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $60M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $205M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $263M |
| EBIT | $2.2B |
| EBITDA | $2.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $263M |
| Stock-Based Compensation | $62M |
| Deferred Income Tax | -$173M |
| Other Non-Cash Items | -$63M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$967M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.7B |
| Sales/Maturities of Investments | $3.6B |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | $799M |
| Common Stock Repurchased | -$848M |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$119M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $6.0B |
| Net Receivables | $1.9B |
| Inventory | $2.8B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $14.0B |
| PP&E (Net) | $6.9B |
| Goodwill | $4.4B |
| Intangible Assets | $152M |
| Long-Term Investments | $0 |
| Tax Assets | $473M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $13.2B |
| TOTAL ASSETS | $27.2B |
| Account Payables | $851M |
| Short-Term Debt | $500M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $8.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $66M |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $9.6B |
| TOTAL LIABILITIES | $12.6B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $50.4B |
| Treasury Stock | -$40.2B |
| Accum. Other Comp. Income | -$254M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.6B |
| TOTAL LIABILITIES & EQUITY | $27.2B |
| Total Debt | $9.1B |
| Net Debt | $6.0B |
