| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.4B | $1.3B | -2.4% | 2.4% |
| Op. Income | $198M | $79M | $138M | 151.3% | 44.0% |
| Gross Margin | 28.9% | 21.6% | 24.9% | 7.3pp | 4.0pp |
| Net Margin | 13.5% | 3.5% | 11.4% | 9.9pp | 2.0pp |
| EPS (Diluted) | $2.01 | $0.48 | $1.65 | 318.7% | 21.8% |
| Free Cash Flow | $222M | -$225M | $133M | 199.0% | 66.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $951M |
| GROSS PROFIT | $387M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $167M |
| SG&A Expenses | $167M |
| Other Expenses | $22M |
| Operating Expenses | $188M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $198M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $196M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $180M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $180M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $173M |
| D&A | $15M |
| EBIT | $215M |
| EBITDA | $230M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $951M |
| GROSS PROFIT | $387M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $167M |
| SG&A Expenses | $167M |
| Other Expenses | $22M |
| Operating Expenses | $188M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $198M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $196M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $180M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $180M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $173M |
| D&A | $15M |
| EBIT | $215M |
| EBITDA | $230M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $180M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $222M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$159M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$40M |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$59M |
| FREE CASH FLOW | $222M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $817M |
| Short-Term Investments | $4.4B |
| Net Receivables | $9.6B |
| Inventory | $0 |
| Other Current Assets | -$16.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $88M |
| Goodwill | $101M |
| Intangible Assets | $195M |
| Long-Term Investments | $13.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$13.5B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $28.6B |
| Account Payables | $1.6B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.7B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.5B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $23.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $6.4B |
| Treasury Stock | -$3.7B |
| Accum. Other Comp. Income | -$572M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $28.6B |
| Total Debt | $1.5B |
| Net Debt | $681M |
