| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $683M | $688M | $577M | -0.8% | 18.4% |
| Op. Income | $240M | $227M | $184M | 5.9% | 30.4% |
| Gross Margin | 38.3% | 36.0% | 35.3% | 2.3pp | 2.9pp |
| Net Margin | 32.3% | 25.8% | 25.8% | 6.5pp | 6.5pp |
| EPS (Diluted) | $1.25 | $1.06 | $1.33 | 17.9% | -6.0% |
| Free Cash Flow | $144M | $255M | $75M | -43.8% | 92.6% |
| Item | Amount |
|---|---|
| REVENUE | $683M |
| Cost of Revenue | $422M |
| GROSS PROFIT | $261M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $442M |
| OPERATING INCOME | $240M |
| Interest Income | $1M |
| Interest Expense | $3M |
| Other Income/Expenses | $42M |
| INCOME BEFORE TAX | $282M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $220M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $220M |
| Net Income Deductions | $28M |
| BOTTOM LINE NET INCOME | $192M |
| D&A | $17M |
| EBIT | $288M |
| EBITDA | $305M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $683M |
| Cost of Revenue | $422M |
| GROSS PROFIT | $261M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $442M |
| OPERATING INCOME | $240M |
| Interest Income | $1M |
| Interest Expense | $3M |
| Other Income/Expenses | $42M |
| INCOME BEFORE TAX | $282M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $220M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $220M |
| Net Income Deductions | $28M |
| BOTTOM LINE NET INCOME | $192M |
| D&A | $17M |
| EBIT | $288M |
| EBITDA | $305M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $220M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | -$7M |
| Deferred Income Tax | -$438.5K |
| Other Non-Cash Items | -$36M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $202M |
| Capital Expenditure | -$59M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $73.1K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $144M |
| Net Change in Cash | $162M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $831M |
| Short-Term Investments | $0 |
| Net Receivables | $239M |
| Inventory | $466M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $624M |
| Goodwill | $0 |
| Intangible Assets | $876.9K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $627M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $50M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $539M |
| TOTAL CURRENT LIABILITIES | $776M |
| Long-Term Debt | $62M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $390M |
| TOTAL NON-CURRENT LIABILITIES | $452M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $681M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $206M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $146M |
| Other Equity | -$16M |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $70M |
| Net Debt | -$761M |
