| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.8B | $6.4B | $5.6B | 5.9% | 20.9% |
| Op. Income | $291M | $285M | $168M | 2.1% | 72.7% |
| Gross Margin | 11.4% | 12.2% | 11.8% | -0.9pp | -0.4pp |
| Net Margin | 2.7% | 3.9% | 2.0% | -1.1pp | 0.7pp |
| EPS (Diluted) | $1.93 | $2.51 | $1.10 | -23.1% | 75.5% |
| Free Cash Flow | -$673M | -$215M | -$43M | -213.0% | -1466.2% |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $6.0B |
| GROSS PROFIT | $768M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $478M |
| Other Expenses | $0 |
| Operating Expenses | $478M |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $291M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | $246M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $184M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $184M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $184M |
| D&A | $36M |
| EBIT | $291M |
| EBITDA | $326M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $6.0B |
| GROSS PROFIT | $768M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $478M |
| Other Expenses | $0 |
| Operating Expenses | $478M |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $291M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | $246M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $184M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $184M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $184M |
| D&A | $36M |
| EBIT | $291M |
| EBITDA | $326M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $184M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$875M |
| OPERATING CASH FLOW | -$645M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $769M |
| Common Stock Repurchased | -$152M |
| Common Dividends Paid | -$27M |
| Other Financing Activities | -$964.0K |
| NET CASH FROM FINANCING | $588M |
| FREE CASH FLOW | -$673M |
| Net Change in Cash | -$73M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $0 |
| Net Receivables | $4.6B |
| Inventory | $4.7B |
| Other Current Assets | $183M |
| TOTAL CURRENT ASSETS | $9.5B |
| PP&E (Net) | $527M |
| Goodwill | $704M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $228M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $11.0B |
| Account Payables | $3.5B |
| Short-Term Debt | $568M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$55M |
| TOTAL CURRENT LIABILITIES | $4.7B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $267M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $6.9B |
| Common Stock | $92M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$673M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $11.0B |
| Total Debt | $2.6B |
| Net Debt | $2.6B |
