| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $708M | $639M | $684M | 10.9% | 3.6% |
| Op. Income | $131M | $135M | $132M | -2.6% | -0.7% |
| Gross Margin | 51.6% | 52.4% | 50.3% | -0.8pp | 1.4pp |
| Net Margin | 13.7% | 13.8% | 11.1% | -0.0pp | 2.7pp |
| EPS (Diluted) | $0.66 | $0.59 | $0.50 | 11.9% | 32.0% |
| Free Cash Flow | $137M | $12M | $110M | 1060.2% | 24.2% |
| Item | Amount |
|---|---|
| REVENUE | $708M |
| Cost of Revenue | $343M |
| GROSS PROFIT | $366M |
| R&D Expenses | $64M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $171M |
| Operating Expenses | $235M |
| Cost & Expenses | $577M |
| OPERATING INCOME | $131M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $25M |
| EBIT | $136M |
| EBITDA | $160M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $708M |
| Cost of Revenue | $343M |
| GROSS PROFIT | $366M |
| R&D Expenses | $64M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $171M |
| Operating Expenses | $235M |
| Cost & Expenses | $577M |
| OPERATING INCOME | $131M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $25M |
| EBIT | $136M |
| EBITDA | $160M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $97M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $27M |
| OPERATING CASH FLOW | $172M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | -$97M |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$149M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$26M |
| Common Dividends Paid | -$7M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$36M |
| FREE CASH FLOW | $137M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $646M |
| Short-Term Investments | $0 |
| Net Receivables | $595M |
| Inventory | $800M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $538M |
| Goodwill | $458M |
| Intangible Assets | $271M |
| Long-Term Investments | $0 |
| Tax Assets | $77M |
| Other Non-Current Assets | $155M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $3.6B |
| Account Payables | $178M |
| Short-Term Debt | $19M |
| Deferred Revenue | $370M |
| Other Current Liabilities | $146M |
| TOTAL CURRENT LIABILITIES | $914M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $102M |
| Deferred Tax Liabilities | $62M |
| Other Non-Current Liabilities | $167M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $256M |
| Retained Earnings | $1.9B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $18M |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $1.3B |
| Net Debt | $625M |
