| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $998M | $1.1B | $926M | -10.1% | 7.8% |
| Op. Income | $109M | $150M | $115M | -27.2% | -5.4% |
| Gross Margin | 41.7% | 41.7% | 41.7% | 0.1pp | 0.1pp |
| Net Margin | 7.5% | 10.4% | 9.5% | -2.9pp | -2.0pp |
| EPS (Diluted) | $2.29 | $3.48 | $2.46 | -34.2% | -6.9% |
| Free Cash Flow | $168M | $132M | $74M | 27.5% | 126.3% |
| Item | Amount |
|---|---|
| REVENUE | $998M |
| Cost of Revenue | $581M |
| GROSS PROFIT | $417M |
| R&D Expenses | $0 |
| Selling & Marketing | $301M |
| General & Administrative | $0 |
| SG&A Expenses | $301M |
| Other Expenses | $7M |
| Operating Expenses | $308M |
| Cost & Expenses | $889M |
| OPERATING INCOME | $109M |
| Interest Income | $1M |
| Interest Expense | $8M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $27M |
| EBIT | $101M |
| EBITDA | $128M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $998M |
| Cost of Revenue | $581M |
| GROSS PROFIT | $417M |
| R&D Expenses | $0 |
| Selling & Marketing | $301M |
| General & Administrative | $0 |
| SG&A Expenses | $301M |
| Other Expenses | $7M |
| Operating Expenses | $308M |
| Cost & Expenses | $889M |
| OPERATING INCOME | $109M |
| Interest Income | $1M |
| Interest Expense | $8M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $27M |
| EBIT | $101M |
| EBITDA | $128M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $75M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $59M |
| OPERATING CASH FLOW | $187M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | -$77M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$110M |
| FREE CASH FLOW | $168M |
| Net Change in Cash | $61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $284M |
| Short-Term Investments | $0 |
| Net Receivables | $584M |
| Inventory | $487M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $346M |
| Goodwill | $1.1B |
| Intangible Assets | $506M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $45M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $415M |
| Short-Term Debt | $0 |
| Deferred Revenue | $12M |
| Other Current Liabilities | $243M |
| TOTAL CURRENT LIABILITIES | $698M |
| Long-Term Debt | $495M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $101M |
| Other Non-Current Liabilities | $176M |
| TOTAL NON-CURRENT LIABILITIES | $836M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $3.2B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$126M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $574M |
| Net Debt | $290M |
