| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.9B | $7.8B | $7.1B | 1.9% | 12.4% |
| Op. Income | $5.1B | $5.1B | $4.8B | 0.1% | 6.6% |
| Gross Margin | 80.9% | 80.2% | 81.4% | 0.7pp | -0.5pp |
| Net Margin | 52.7% | 50.6% | 56.1% | 2.1pp | -3.4pp |
| EPS (Diluted) | $1.99 | $1.86 | $1.83 | 7.0% | 8.7% |
| Free Cash Flow | $3.9B | $5.6B | $4.1B | -29.7% | -3.4% |
| Item | Amount |
|---|---|
| REVENUE | $7.9B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $6.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $332M |
| General & Administrative | $431M |
| SG&A Expenses | $763M |
| Other Expenses | $568M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $5.1B |
| Interest Income | $0 |
| Interest Expense | $137M |
| Other Income/Expenses | -$113M |
| INCOME BEFORE TAX | $5.0B |
| Income Tax Expense | $798M |
| Net Income from Continuing Ops | $4.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.2B |
| D&A | $227M |
| EBIT | $5.1B |
| EBITDA | $5.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $7.9B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $6.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $332M |
| General & Administrative | $431M |
| SG&A Expenses | $763M |
| Other Expenses | $568M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $5.1B |
| Interest Income | $0 |
| Interest Expense | $137M |
| Other Income/Expenses | -$113M |
| INCOME BEFORE TAX | $5.0B |
| Income Tax Expense | $798M |
| Net Income from Continuing Ops | $4.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.2B |
| D&A | $227M |
| EBIT | $5.1B |
| EBITDA | $5.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $4.2B |
| Depreciation & Amortization | $227M |
| Stock-Based Compensation | $177M |
| Deferred Income Tax | -$132M |
| Other Non-Cash Items | $2.9B |
| Change in Working Capital | -$3.1B |
| OPERATING CASH FLOW | $4.2B |
| Capital Expenditure | -$249M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.0B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | $42M |
| NET CASH FROM INVESTING | -$510M |
| Net Debt Issuance | -$2.3B |
| Common Stock Repurchased | -$3.1B |
| Common Dividends Paid | -$945M |
| Other Financing Activities | -$37M |
| NET CASH FROM FINANCING | -$6.3B |
| FREE CASH FLOW | $3.9B |
| Net Change in Cash | -$2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13.3B |
| Short-Term Investments | $2.8B |
| Net Receivables | $4.2B |
| Inventory | $0 |
| Other Current Assets | $7.5B |
| TOTAL CURRENT ASSETS | $27.9B |
| PP&E (Net) | $3.2B |
| Goodwill | $18.0B |
| Intangible Assets | $26.3B |
| Long-Term Investments | $2.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.2B |
| TOTAL NON-CURRENT ASSETS | $57.5B |
| TOTAL ASSETS | $85.4B |
| Account Payables | $258M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18.4B |
| TOTAL CURRENT LIABILITIES | $19.4B |
| Long-Term Debt | $20.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.4B |
| Other Non-Current Liabilities | $3.2B |
| TOTAL NON-CURRENT LIABILITIES | $29.1B |
| TOTAL LIABILITIES | $48.5B |
| Common Stock | $21.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $16.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | -$2.0B |
| TOTAL STOCKHOLDERS' EQUITY | $36.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $36.9B |
| TOTAL LIABILITIES & EQUITY | $85.4B |
| Total Debt | $20.5B |
| Net Debt | $7.2B |
