| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.3B | -2.4% | 6.3% |
| Op. Income | $212M | $223M | $272M | -4.9% | -22.1% |
| Gross Margin | 44.5% | 45.6% | 48.6% | -1.1pp | -4.1pp |
| Net Margin | 14.3% | 13.0% | 16.9% | 1.3pp | -2.6pp |
| EPS (Diluted) | $3.84 | $3.55 | $4.22 | 8.2% | -9.0% |
| Free Cash Flow | $40M | $212M | $214M | -81.1% | -81.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $795M |
| GROSS PROFIT | $637M |
| R&D Expenses | $137M |
| Selling & Marketing | $152M |
| General & Administrative | $99M |
| SG&A Expenses | $251M |
| Other Expenses | $37M |
| Operating Expenses | $425M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $212M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $38M |
| INCOME BEFORE TAX | $250M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $205M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $205M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $205M |
| D&A | $52M |
| EBIT | $216M |
| EBITDA | $268M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $795M |
| GROSS PROFIT | $637M |
| R&D Expenses | $137M |
| Selling & Marketing | $152M |
| General & Administrative | $99M |
| SG&A Expenses | $251M |
| Other Expenses | $37M |
| Operating Expenses | $425M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $212M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $38M |
| INCOME BEFORE TAX | $250M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $205M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $205M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $205M |
| D&A | $52M |
| EBIT | $216M |
| EBITDA | $268M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $205M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$37M |
| Other Non-Cash Items | -$39M |
| Change in Working Capital | -$144M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $105M |
| Common Stock Repurchased | -$305M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | -$220M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | -$187M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $141M |
| Short-Term Investments | $0 |
| Net Receivables | $822M |
| Inventory | $469M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $404M |
| Goodwill | $3.3B |
| Intangible Assets | $437M |
| Long-Term Investments | $106M |
| Tax Assets | $226M |
| Other Non-Current Assets | $121M |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $691M |
| Short-Term Debt | $183M |
| Deferred Revenue | $397M |
| Other Current Liabilities | $295M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $318M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | -$55M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $487M |
| Retained Earnings | $3.8B |
| Treasury Stock | -$1.3B |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $1.4B |
| Net Debt | $1.2B |
