| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.9B | $5.5B | $4.8B | 7.4% | 23.0% |
| Op. Income | $387M | $339M | $323M | 14.0% | 19.6% |
| Gross Margin | 18.6% | 17.6% | 16.4% | 0.9pp | 2.1pp |
| Net Margin | 4.2% | 3.9% | 4.8% | 0.3pp | -0.6pp |
| EPS (Diluted) | $1.83 | $1.57 | $1.63 | 16.6% | 12.3% |
| Free Cash Flow | $340M | $114M | $324M | 197.5% | 4.8% |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $4.8B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $717M |
| Other Expenses | $0 |
| Operating Expenses | $717M |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $387M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $330M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $250M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $250M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $250M |
| D&A | $71M |
| EBIT | $386M |
| EBITDA | $458M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $4.8B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $717M |
| Other Expenses | $0 |
| Operating Expenses | $717M |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $387M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $330M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $250M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $250M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $250M |
| D&A | $71M |
| EBIT | $386M |
| EBITDA | $458M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $250M |
| Depreciation & Amortization | $71M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $37M |
| OPERATING CASH FLOW | $381M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | -$228M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$68M |
| Other Financing Activities | $88M |
| NET CASH FROM FINANCING | -$208M |
| FREE CASH FLOW | $340M |
| Net Change in Cash | $129M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $387M |
| Short-Term Investments | $0 |
| Net Receivables | $5.1B |
| Inventory | $1.1B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $360M |
| Goodwill | $4.4B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $322M |
| TOTAL NON-CURRENT ASSETS | $6.6B |
| TOTAL ASSETS | $13.5B |
| Account Payables | $3.2B |
| Short-Term Debt | $503M |
| Deferred Revenue | $444M |
| Other Current Liabilities | $879M |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $6.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $219M |
| Other Non-Current Liabilities | $231M |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $12.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$103M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $893M |
| Minority Interest | $0 |
| TOTAL EQUITY | $893M |
| TOTAL LIABILITIES & EQUITY | $13.5B |
| Total Debt | $7.2B |
| Net Debt | $6.8B |
