| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.8B | $2.0B | -0.8% | -8.7% |
| Op. Income | $231M | $252M | $307M | -8.2% | -24.7% |
| Gross Margin | 35.1% | 34.2% | 35.4% | 0.9pp | -0.3pp |
| Net Margin | 6.8% | 7.9% | 9.8% | -1.1pp | -2.9pp |
| EPS (Diluted) | $0.18 | $0.21 | $0.28 | -14.3% | -35.7% |
| Free Cash Flow | $192M | $172M | $128M | 11.3% | 50.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $625M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $394M |
| Other Expenses | $0 |
| Operating Expenses | $394M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $231M |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$75M |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $122M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $122M |
| D&A | $101M |
| EBIT | $230M |
| EBITDA | $331M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $625M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $394M |
| Other Expenses | $0 |
| Operating Expenses | $394M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $231M |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$75M |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $122M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $122M |
| D&A | $101M |
| EBIT | $230M |
| EBITDA | $331M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $122M |
| Depreciation & Amortization | $101M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$26M |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $220M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | -$15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $16M |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | -$270M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$275M |
| FREE CASH FLOW | $192M |
| Net Change in Cash | -$78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $295M |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $904M |
| Other Current Assets | $152M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $737M |
| Goodwill | $5.7B |
| Intangible Assets | $4.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $273M |
| TOTAL NON-CURRENT ASSETS | $10.8B |
| TOTAL ASSETS | $13.4B |
| Account Payables | $766M |
| Short-Term Debt | $325M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $539M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $5.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $696M |
| Other Non-Current Liabilities | $300M |
| TOTAL NON-CURRENT LIABILITIES | $6.7B |
| TOTAL LIABILITIES | $8.4B |
| Common Stock | $3.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$90M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $13.4B |
| Total Debt | $6.1B |
| Net Debt | $5.8B |
