| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.6B | 0.1% | -27.5% |
| Op. Income | $126M | $119M | $208M | 5.4% | -39.6% |
| Gross Margin | 32.8% | 33.3% | 32.0% | -0.6pp | 0.8pp |
| Net Margin | 7.5% | 7.3% | 9.4% | 0.2pp | -1.9pp |
| EPS (Diluted) | $2.02 | $1.88 | $3.09 | 7.4% | -34.6% |
| Free Cash Flow | $26M | $91M | $187M | -71.4% | -86.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $757M |
| GROSS PROFIT | $369M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $206M |
| SG&A Expenses | $206M |
| Other Expenses | $38M |
| Operating Expenses | $243M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $126M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $39M |
| EBIT | $126M |
| EBITDA | $165M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $757M |
| GROSS PROFIT | $369M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $206M |
| SG&A Expenses | $206M |
| Other Expenses | $38M |
| Operating Expenses | $243M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $126M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $39M |
| EBIT | $126M |
| EBITDA | $165M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $84M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $28M |
| Change in Working Capital | -$111M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | $140M |
| Common Stock Repurchased | -$175M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$44M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | -$33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $964M |
| Inventory | $0 |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $170M |
| Goodwill | $935M |
| Intangible Assets | $454M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $250M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $360M |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $201M |
| TOTAL CURRENT LIABILITIES | $804M |
| Long-Term Debt | $984M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $114M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $502.0K |
| Additional Paid-In Capital | $506M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$875M |
| Accum. Other Comp. Income | -$793.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $956M |
| Minority Interest | $0 |
| TOTAL EQUITY | $956M |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $999M |
| Net Debt | $971M |
