| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.1B | $5.4B | $5.9B | -6.2% | -14.2% |
| Op. Income | $355M | $447M | $387M | -20.4% | -8.2% |
| Gross Margin | 21.3% | 21.7% | 18.6% | -0.4pp | 2.8pp |
| Net Margin | 4.5% | 5.3% | 4.2% | -0.8pp | 0.3pp |
| EPS (Diluted) | $1.68 | $2.09 | $1.83 | -19.6% | -8.2% |
| Free Cash Flow | $334M | $211M | $340M | 57.9% | -1.7% |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $734M |
| Other Expenses | $0 |
| Operating Expenses | $734M |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $355M |
| Interest Income | $0 |
| Interest Expense | $58M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $296M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $230M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $230M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $230M |
| D&A | $71M |
| EBIT | $354M |
| EBITDA | $425M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $734M |
| Other Expenses | $0 |
| Operating Expenses | $734M |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $355M |
| Interest Income | $0 |
| Interest Expense | $58M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $296M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $230M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $230M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $230M |
| D&A | $71M |
| EBIT | $354M |
| EBITDA | $425M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $230M |
| Depreciation & Amortization | $71M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $45M |
| OPERATING CASH FLOW | $365M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | -$23M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$80M |
| Other Financing Activities | -$60M |
| NET CASH FROM FINANCING | -$348M |
| FREE CASH FLOW | $334M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $279M |
| Short-Term Investments | $0 |
| Net Receivables | $4.7B |
| Inventory | $781M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.3B |
| PP&E (Net) | $333M |
| Goodwill | $4.4B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $335M |
| TOTAL NON-CURRENT ASSETS | $6.5B |
| TOTAL ASSETS | $12.8B |
| Account Payables | $2.6B |
| Short-Term Debt | $570M |
| Deferred Revenue | $496M |
| Other Current Liabilities | $804M |
| TOTAL CURRENT LIABILITIES | $4.8B |
| Long-Term Debt | $5.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $193M |
| Other Non-Current Liabilities | $307M |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $11.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$143M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $12.8B |
| Total Debt | $6.5B |
| Net Debt | $6.2B |
