| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $988M | $872M | $756M | 13.3% | 30.7% |
| Op. Income | $359M | $278M | $269M | 29.1% | 33.5% |
| Gross Margin | 84.0% | 86.8% | 95.0% | -2.8pp | -11.0pp |
| Net Margin | 28.7% | 24.9% | 28.2% | 3.9pp | 0.6pp |
| EPS (Diluted) | $1.84 | $1.40 | $1.34 | 31.4% | 37.3% |
| Free Cash Flow | $458M | $120M | $113M | 281.7% | 305.3% |
| Item | Amount |
|---|---|
| REVENUE | $988M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $830M |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $318M |
| SG&A Expenses | $329M |
| Other Expenses | $142M |
| Operating Expenses | $471M |
| Cost & Expenses | $629M |
| OPERATING INCOME | $359M |
| Interest Income | $835M |
| Interest Expense | $115M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $359M |
| Income Tax Expense | $75M |
| Net Income from Continuing Ops | $284M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $284M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $274M |
| D&A | $31M |
| EBIT | $359M |
| EBITDA | $390M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $988M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $830M |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $318M |
| SG&A Expenses | $329M |
| Other Expenses | $142M |
| Operating Expenses | $471M |
| Cost & Expenses | $629M |
| OPERATING INCOME | $359M |
| Interest Income | $835M |
| Interest Expense | $115M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $359M |
| Income Tax Expense | $75M |
| Net Income from Continuing Ops | $284M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $284M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $274M |
| D&A | $31M |
| EBIT | $359M |
| EBITDA | $390M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $284M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$58M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $215M |
| OPERATING CASH FLOW | $494M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$318M |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | -$1.3B |
| NET CASH FROM INVESTING | -$549M |
| Net Debt Issuance | $5.1B |
| Common Stock Repurchased | -$51M |
| Common Dividends Paid | -$69M |
| Other Financing Activities | -$4.8B |
| NET CASH FROM FINANCING | $163M |
| FREE CASH FLOW | $458M |
| Net Change in Cash | $108M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $11.9B |
| Net Receivables | $386M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $14.3B |
| PP&E (Net) | $1.4B |
| Goodwill | $1.0B |
| Intangible Assets | $38M |
| Long-Term Investments | $66.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.7B |
| TOTAL NON-CURRENT ASSETS | $75.2B |
| TOTAL ASSETS | $89.5B |
| Account Payables | $0 |
| Short-Term Debt | $10.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $71.7B |
| TOTAL CURRENT LIABILITIES | $82.1B |
| Long-Term Debt | $647M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $84.7B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $89.5B |
| Total Debt | $11.1B |
| Net Debt | $9.1B |
