| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $449M | $455M | $455M | -1.4% | -1.4% |
| Op. Income | $122M | $171M | $284M | -28.8% | -57.1% |
| Gross Margin | 66.7% | 72.1% | 75.9% | -5.4pp | -9.2pp |
| Net Margin | 22.2% | 28.0% | 47.1% | -5.8pp | -24.9pp |
| EPS (Diluted) | $7.61 | $9.58 | $14.94 | -20.6% | -49.1% |
| Free Cash Flow | $296M | $286M | $374M | 3.5% | -21.0% |
| Item | Amount |
|---|---|
| REVENUE | $449M |
| Cost of Revenue | $150M |
| GROSS PROFIT | $300M |
| R&D Expenses | $0 |
| Selling & Marketing | $22M |
| General & Administrative | $18M |
| SG&A Expenses | $40M |
| Other Expenses | $137M |
| Operating Expenses | $178M |
| Cost & Expenses | $327M |
| OPERATING INCOME | $122M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $6M |
| EBIT | $122M |
| EBITDA | $128M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $449M |
| Cost of Revenue | $150M |
| GROSS PROFIT | $300M |
| R&D Expenses | $0 |
| Selling & Marketing | $22M |
| General & Administrative | $18M |
| SG&A Expenses | $40M |
| Other Expenses | $137M |
| Operating Expenses | $178M |
| Cost & Expenses | $327M |
| OPERATING INCOME | $122M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $6M |
| EBIT | $122M |
| EBITDA | $128M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $100M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $24M |
| Other Non-Cash Items | $138M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $297M |
| Capital Expenditure | -$900.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | -$340M |
| NET CASH FROM INVESTING | -$344M |
| Net Debt Issuance | $130M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $118M |
| FREE CASH FLOW | $296M |
| Net Change in Cash | $70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $488M |
| Short-Term Investments | $5M |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | -$504M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $50M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$50M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $7.2B |
| Account Payables | $0 |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $260M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $62M |
| Deferred Tax Liabilities | $451M |
| Other Non-Current Liabilities | -$4.0B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $5.4B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $252M |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $4.7B |
| Net Debt | $4.2B |
