| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $525M | $632M | $512M | -16.9% | 2.5% |
| Op. Income | $37M | $121M | $42M | -69.4% | -11.9% |
| Gross Margin | 31.4% | 33.2% | 31.4% | -1.8pp | -0.0pp |
| Net Margin | 7.6% | 9.0% | 9.4% | -1.4pp | -1.8pp |
| EPS (Diluted) | $0.76 | $1.04 | $0.83 | -26.9% | -8.4% |
| Free Cash Flow | -$86M | $29M | -$9M | -396.6% | -855.6% |
| Item | Amount |
|---|---|
| REVENUE | $525M |
| Cost of Revenue | $360M |
| GROSS PROFIT | $165M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $93M |
| SG&A Expenses | $93M |
| Other Expenses | $22M |
| Operating Expenses | $128M |
| Cost & Expenses | $488M |
| OPERATING INCOME | $37M |
| Interest Income | $8M |
| Interest Expense | $15M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $59M |
| EBIT | $64M |
| EBITDA | $123M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $525M |
| Cost of Revenue | $360M |
| GROSS PROFIT | $165M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $93M |
| SG&A Expenses | $93M |
| Other Expenses | $22M |
| Operating Expenses | $128M |
| Cost & Expenses | $488M |
| OPERATING INCOME | $37M |
| Interest Income | $8M |
| Interest Expense | $15M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $59M |
| EBIT | $64M |
| EBITDA | $123M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $59M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$53M |
| Change in Working Capital | -$123M |
| OPERATING CASH FLOW | -$63M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$18M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | -$86M |
| Net Change in Cash | -$114M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $532M |
| Short-Term Investments | $0 |
| Net Receivables | $351M |
| Inventory | $724M |
| Other Current Assets | $117M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $1.5B |
| Goodwill | $1.4B |
| Intangible Assets | $959M |
| Long-Term Investments | $0 |
| Tax Assets | $20M |
| Other Non-Current Assets | $734M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $246M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $464M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $176M |
| Other Non-Current Liabilities | $890M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $134M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$491M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $1.4B |
| Net Debt | $897M |
