| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $756M | $708M | $737M | 6.8% | 2.6% |
| Op. Income | $269M | $311M | $359M | -13.5% | -25.1% |
| Gross Margin | 95.0% | 104.5% | 106.4% | -9.5pp | -11.4pp |
| Net Margin | 28.2% | 33.9% | 38.5% | -5.7pp | -10.4pp |
| EPS (Diluted) | $1.34 | $1.45 | $1.66 | -7.6% | -19.3% |
| Free Cash Flow | $113M | $111M | $123M | 1.8% | -8.1% |
| Item | Amount |
|---|---|
| REVENUE | $756M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $718M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $289M |
| SG&A Expenses | $295M |
| Other Expenses | $154M |
| Operating Expenses | $449M |
| Cost & Expenses | $487M |
| OPERATING INCOME | $269M |
| Interest Income | $566M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $269M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $213M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $206M |
| D&A | $8M |
| EBIT | $269M |
| EBITDA | $277M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $756M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $718M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $289M |
| SG&A Expenses | $295M |
| Other Expenses | $154M |
| Operating Expenses | $449M |
| Cost & Expenses | $487M |
| OPERATING INCOME | $269M |
| Interest Income | $566M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $269M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $213M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $206M |
| D&A | $8M |
| EBIT | $269M |
| EBITDA | $277M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $213M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$76M |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $166M |
| Capital Expenditure | -$53M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6.0B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | -$120M |
| NET CASH FROM INVESTING | -$5.0B |
| Net Debt Issuance | $319M |
| Common Stock Repurchased | -$325M |
| Common Dividends Paid | -$62M |
| Other Financing Activities | $4.9B |
| NET CASH FROM FINANCING | $4.8B |
| FREE CASH FLOW | $113M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.9B |
| Short-Term Investments | $24.0B |
| Net Receivables | $327M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $35.3B |
| PP&E (Net) | $1.3B |
| Goodwill | $1.0B |
| Intangible Assets | $1M |
| Long-Term Investments | $50.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.8B |
| TOTAL NON-CURRENT ASSETS | $57.9B |
| TOTAL ASSETS | $93.2B |
| Account Payables | $0 |
| Short-Term Debt | $903M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $82.8B |
| TOTAL CURRENT LIABILITIES | $83.7B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $85.7B |
| Common Stock | $1.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$80M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.5B |
| TOTAL LIABILITIES & EQUITY | $93.2B |
| Total Debt | $1.9B |
| Net Debt | -$9.0B |
