| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.4B | $6.2B | $5.5B | -12.5% | -1.8% |
| Op. Income | $447M | $466M | $339M | -4.2% | 31.6% |
| Gross Margin | 21.7% | 19.8% | 17.6% | 1.9pp | 4.1pp |
| Net Margin | 5.3% | 4.8% | 3.9% | 0.5pp | 1.4pp |
| EPS (Diluted) | $2.09 | $2.17 | $1.57 | -3.7% | 33.1% |
| Free Cash Flow | $211M | $299M | $114M | -29.4% | 85.2% |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $735M |
| Other Expenses | $0 |
| Operating Expenses | $735M |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $447M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $381M |
| Income Tax Expense | $94M |
| Net Income from Continuing Ops | $287M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $287M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $287M |
| D&A | $73M |
| EBIT | $441M |
| EBITDA | $513M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $735M |
| Other Expenses | $0 |
| Operating Expenses | $735M |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $447M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $381M |
| Income Tax Expense | $94M |
| Net Income from Continuing Ops | $287M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $287M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $287M |
| D&A | $73M |
| EBIT | $441M |
| EBITDA | $513M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $287M |
| Depreciation & Amortization | $73M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$136M |
| OPERATING CASH FLOW | $242M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | -$237M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$80M |
| Other Financing Activities | $45M |
| NET CASH FROM FINANCING | -$272M |
| FREE CASH FLOW | $211M |
| Net Change in Cash | -$69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $315M |
| Short-Term Investments | $0 |
| Net Receivables | $5.0B |
| Inventory | $800M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.6B |
| PP&E (Net) | $338M |
| Goodwill | $4.3B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $396M |
| TOTAL NON-CURRENT ASSETS | $6.6B |
| TOTAL ASSETS | $13.1B |
| Account Payables | $2.8B |
| Short-Term Debt | $56M |
| Deferred Revenue | $486M |
| Other Current Liabilities | $861M |
| TOTAL CURRENT LIABILITIES | $4.9B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $203M |
| Other Non-Current Liabilities | $336M |
| TOTAL NON-CURRENT LIABILITIES | $6.6B |
| TOTAL LIABILITIES | $11.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$152M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $13.1B |
| Total Debt | $6.1B |
| Net Debt | $5.8B |
