| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $3.1B | — | -7.2% | — |
| Op. Income | $981M | $1.4B | — | -31.3% | — |
| Gross Margin | 52.0% | 62.2% | — | -10.1pp | — |
| Net Margin | 26.4% | 35.0% | — | -8.7pp | — |
| EPS (Diluted) | $7.63 | $10.32 | — | -26.1% | — |
| Free Cash Flow | $976M | $470M | — | 107.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $275M |
| General & Administrative | $86M |
| SG&A Expenses | $361M |
| Other Expenses | $160M |
| Operating Expenses | $521M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $981M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $240M |
| Net Income from Continuing Ops | $762M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $762M |
| Net Income Deductions | $4M |
| BOTTOM LINE NET INCOME | $758M |
| D&A | $144M |
| EBIT | $1.0B |
| EBITDA | $1.2B |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $275M |
| General & Administrative | $86M |
| SG&A Expenses | $361M |
| Other Expenses | $160M |
| Operating Expenses | $521M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $981M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $240M |
| Net Income from Continuing Ops | $762M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $762M |
| Net Income Deductions | $4M |
| BOTTOM LINE NET INCOME | $758M |
| D&A | $144M |
| EBIT | $1.0B |
| EBITDA | $1.2B |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $762M |
| Depreciation & Amortization | $144M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $210M |
| Other Non-Cash Items | -$407M |
| Change in Working Capital | $355M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$88M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$86M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$1.5B |
| Common Dividends Paid | -$26M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $976M |
| Net Change in Cash | -$535M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $580M |
| Inventory | $1.1B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $4.0B |
| Goodwill | $0 |
| Intangible Assets | $2.8B |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $401M |
| TOTAL NON-CURRENT ASSETS | $7.1B |
| TOTAL ASSETS | $10.2B |
| Account Payables | $760M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $844M |
| Long-Term Debt | $500M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $741M |
| Other Non-Current Liabilities | $207M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$321M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.9B |
| TOTAL LIABILITIES & EQUITY | $10.2B |
| Total Debt | $500M |
| Net Debt | -$783M |
