| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $993M | 4.7% | 11.8% |
| Op. Income | $150M | $143M | $133M | 4.8% | 12.7% |
| Gross Margin | 41.7% | 42.0% | 42.2% | -0.3pp | -0.6pp |
| Net Margin | 10.4% | 10.0% | 9.9% | 0.4pp | 0.5pp |
| EPS (Diluted) | $3.48 | $3.07 | $2.72 | 13.4% | 27.9% |
| Free Cash Flow | $132M | $25M | $79M | 439.2% | 66.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $648M |
| GROSS PROFIT | $463M |
| R&D Expenses | $95M |
| Selling & Marketing | $171M |
| General & Administrative | $50M |
| SG&A Expenses | $220M |
| Other Expenses | -$2M |
| Operating Expenses | $313M |
| Cost & Expenses | $961M |
| OPERATING INCOME | $150M |
| Interest Income | $1M |
| Interest Expense | $8M |
| Other Income/Expenses | -$800.0K |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $115M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $23M |
| EBIT | $147M |
| EBITDA | $171M |
| EPS | $4 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $648M |
| GROSS PROFIT | $463M |
| R&D Expenses | $95M |
| Selling & Marketing | $171M |
| General & Administrative | $50M |
| SG&A Expenses | $220M |
| Other Expenses | -$2M |
| Operating Expenses | $313M |
| Cost & Expenses | $961M |
| OPERATING INCOME | $150M |
| Interest Income | $1M |
| Interest Expense | $8M |
| Other Income/Expenses | -$800.0K |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $115M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $23M |
| EBIT | $147M |
| EBITDA | $171M |
| EPS | $4 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $115M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $600.0K |
| Other Non-Cash Items | -$600.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $151M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | -$700.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $200.0K |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$104M |
| Common Stock Repurchased | -$111M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$100.0K |
| NET CASH FROM FINANCING | -$220M |
| FREE CASH FLOW | $132M |
| Net Change in Cash | -$95M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $223M |
| Short-Term Investments | $0 |
| Net Receivables | $666M |
| Inventory | $486M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $351M |
| Goodwill | $1.1B |
| Intangible Assets | $529M |
| Long-Term Investments | $12M |
| Tax Assets | $1M |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $398M |
| Short-Term Debt | $18M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $275M |
| TOTAL CURRENT LIABILITIES | $734M |
| Long-Term Debt | $495M |
| Deferred Revenue NC | $53M |
| Deferred Tax Liabilities | $102M |
| Other Non-Current Liabilities | $117M |
| TOTAL NON-CURRENT LIABILITIES | $832M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $3.2B |
| Treasury Stock | -$2.2B |
| Accum. Other Comp. Income | -$126M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $596M |
| Net Debt | $373M |
