| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $677M | $730M | $700M | -7.3% | -3.3% |
| Op. Income | $62M | $119M | $146M | -47.8% | -57.7% |
| Gross Margin | 53.5% | 54.4% | 57.5% | -0.8pp | -4.0pp |
| Net Margin | 10.2% | 114.1% | -481.0% | -103.9pp | 491.2pp |
| EPS (Diluted) | $2.32 | $27.78 | $-112.57 | -91.6% | 102.1% |
| Free Cash Flow | $62M | $43M | $17M | 43.5% | 258.3% |
| Item | Amount |
|---|---|
| REVENUE | $677M |
| Cost of Revenue | $314M |
| GROSS PROFIT | $362M |
| R&D Expenses | $75M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $226M |
| Other Expenses | $0 |
| Operating Expenses | $301M |
| Cost & Expenses | $615M |
| OPERATING INCOME | $62M |
| Interest Income | $50M |
| Interest Expense | $12M |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $85M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $46M |
| EBIT | $97M |
| EBITDA | $143M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $677M |
| Cost of Revenue | $314M |
| GROSS PROFIT | $362M |
| R&D Expenses | $75M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $226M |
| Other Expenses | $0 |
| Operating Expenses | $301M |
| Cost & Expenses | $615M |
| OPERATING INCOME | $62M |
| Interest Income | $50M |
| Interest Expense | $12M |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $85M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $46M |
| EBIT | $97M |
| EBITDA | $143M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $69M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $98M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$204M |
| Sales/Maturities of Investments | $169M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$70M |
| Net Debt Issuance | -$115.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $62M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $464M |
| Short-Term Investments | $1.4B |
| Net Receivables | $498M |
| Inventory | $753M |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $681M |
| Goodwill | $408M |
| Intangible Assets | $328M |
| Long-Term Investments | $8.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $96M |
| TOTAL NON-CURRENT ASSETS | $10.4B |
| TOTAL ASSETS | $13.7B |
| Account Payables | $161M |
| Short-Term Debt | $519.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $167M |
| TOTAL CURRENT LIABILITIES | $590M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $199M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $463M |
| Retained Earnings | $10.0B |
| Treasury Stock | -$258M |
| Accum. Other Comp. Income | -$408M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.8B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $1.4B |
| Net Debt | $918M |
