| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.9B | $5.7B | $5.0B | 2.2% | 17.2% |
| Op. Income | $2.4B | $2.4B | $2.0B | -2.6% | 19.3% |
| Gross Margin | 46.3% | 47.8% | 46.3% | -1.5pp | 0.1pp |
| Net Margin | 27.8% | 29.8% | 26.8% | -2.0pp | 1.0pp |
| EPS (Diluted) | $2.57 | $2.66 | $2.00 | -3.4% | 28.5% |
| Free Cash Flow | $1.4B | $1.5B | $1.4B | -9.8% | -2.4% |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $337M |
| Other Expenses | $0 |
| Operating Expenses | $337M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $2.4B |
| Interest Income | $0 |
| Interest Expense | $307M |
| Other Income/Expenses | -$260M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $487M |
| 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 | $555M |
| EBIT | $2.4B |
| EBITDA | $3.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $337M |
| Other Expenses | $0 |
| Operating Expenses | $337M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $2.4B |
| Interest Income | $0 |
| Interest Expense | $307M |
| Other Income/Expenses | -$260M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $487M |
| 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 | $555M |
| EBIT | $2.4B |
| EBITDA | $3.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $555M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $60M |
| Other Non-Cash Items | -$73M |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | $2.2B |
| Capital Expenditure | -$848M |
| Acquisitions (Net) | $32M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$836M |
| Net Debt Issuance | $2.5B |
| Common Stock Repurchased | -$3.2B |
| Common Dividends Paid | -$743M |
| Other Financing Activities | -$51M |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $909M |
| Short-Term Investments | $46M |
| Net Receivables | $2.0B |
| Inventory | $726M |
| Other Current Assets | $237M |
| TOTAL CURRENT ASSETS | $3.9B |
| PP&E (Net) | $56.0B |
| Goodwill | $0 |
| Intangible Assets | $748M |
| Long-Term Investments | $2.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $60.2B |
| TOTAL ASSETS | $64.1B |
| Account Payables | $868M |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $662M |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $30.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $12.7B |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $46.7B |
| TOTAL LIABILITIES | $52.2B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | $55.9B |
| Treasury Stock | -$50.5B |
| Accum. Other Comp. Income | -$878M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.9B |
| TOTAL LIABILITIES & EQUITY | $64.1B |
| Total Debt | $33.8B |
| Net Debt | $32.9B |
