| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.7B | $1.2B | -25.5% | 7.6% |
| Op. Income | $88M | $342M | $103M | -74.4% | -15.3% |
| Gross Margin | 22.8% | 33.4% | 23.4% | -10.6pp | -0.5pp |
| Net Margin | 3.9% | 14.4% | 5.6% | -10.5pp | -1.7pp |
| EPS (Diluted) | $0.42 | $2.09 | $0.57 | -79.9% | -26.3% |
| Free Cash Flow | -$218M | $439M | -$151M | -149.7% | -44.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $990M |
| GROSS PROFIT | $293M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $205M |
| Other Expenses | $0 |
| Operating Expenses | $205M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $88M |
| Interest Income | $1M |
| Interest Expense | $28M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $109M |
| EBIT | $83M |
| EBITDA | $192M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $990M |
| GROSS PROFIT | $293M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $205M |
| Other Expenses | $0 |
| Operating Expenses | $205M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $88M |
| Interest Income | $1M |
| Interest Expense | $28M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $109M |
| EBIT | $83M |
| EBITDA | $192M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $77M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $36M |
| Change in Working Capital | -$373M |
| OPERATING CASH FLOW | -$205M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $270M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$75M |
| Other Financing Activities | $30M |
| NET CASH FROM FINANCING | $223M |
| FREE CASH FLOW | -$218M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $227M |
| Short-Term Investments | $0 |
| Net Receivables | $840M |
| Inventory | $0 |
| Other Current Assets | $155M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $360M |
| Goodwill | $3.4B |
| Intangible Assets | $1.0B |
| Long-Term Investments | $223M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $6.9B |
| TOTAL ASSETS | $8.1B |
| Account Payables | $167M |
| Short-Term Debt | $0 |
| Deferred Revenue | $236M |
| Other Current Liabilities | $285M |
| TOTAL CURRENT LIABILITIES | $992M |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $213M |
| Deferred Tax Liabilities | $447M |
| Other Non-Current Liabilities | $249M |
| TOTAL NON-CURRENT LIABILITIES | $5.2B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $2.8B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$249M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $8.1B |
| Total Debt | $4.3B |
| Net Debt | $4.1B |
