| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $697M | $756M | $731M | -7.8% | -4.7% |
| Op. Income | $255M | $269M | $411M | -5.2% | -38.0% |
| Gross Margin | 103.2% | 95.0% | 115.7% | 8.2pp | -12.6pp |
| Net Margin | 29.1% | 28.2% | 44.0% | 1.0pp | -14.9pp |
| EPS (Diluted) | $1.27 | $1.34 | $1.90 | -5.2% | -33.2% |
| Free Cash Flow | $235M | $113M | $431M | 108.0% | -45.5% |
| Item | Amount |
|---|---|
| REVENUE | $697M |
| Cost of Revenue | -$22M |
| GROSS PROFIT | $719M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $322M |
| SG&A Expenses | $330M |
| Other Expenses | $134M |
| Operating Expenses | $464M |
| Cost & Expenses | $442M |
| OPERATING INCOME | $255M |
| Interest Income | $555M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $255M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $203M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $203M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $193M |
| D&A | $19M |
| EBIT | $255M |
| EBITDA | $274M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $697M |
| Cost of Revenue | -$22M |
| GROSS PROFIT | $719M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $322M |
| SG&A Expenses | $330M |
| Other Expenses | $134M |
| Operating Expenses | $464M |
| Cost & Expenses | $442M |
| OPERATING INCOME | $255M |
| Interest Income | $555M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $255M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $203M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $203M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $193M |
| D&A | $19M |
| EBIT | $255M |
| EBITDA | $274M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $203M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $39M |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | $288M |
| Capital Expenditure | -$53M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.7B |
| Sales/Maturities of Investments | $6.0B |
| Other Investing Activities | -$351M |
| NET CASH FROM INVESTING | $931M |
| Net Debt Issuance | -$554M |
| Common Stock Repurchased | -$51M |
| Common Dividends Paid | -$66M |
| Other Financing Activities | -$449M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $235M |
| Net Change in Cash | $105M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.8B |
| Short-Term Investments | $26.1B |
| Net Receivables | $318M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $32.3B |
| PP&E (Net) | $1.3B |
| Goodwill | $0 |
| Intangible Assets | $1.0B |
| Long-Term Investments | $51.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.3B |
| TOTAL NON-CURRENT ASSETS | $58.9B |
| TOTAL ASSETS | $91.1B |
| Account Payables | $0 |
| Short-Term Debt | $638M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $82.4B |
| TOTAL CURRENT LIABILITIES | $83.0B |
| Long-Term Debt | $685M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $84.8B |
| Common Stock | $1.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.3B |
| TOTAL LIABILITIES & EQUITY | $91.1B |
| Total Debt | $1.3B |
| Net Debt | -$4.5B |
