| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.3B | -0.4% | 10.2% |
| Op. Income | $292M | -$198M | $281M | 247.1% | 4.0% |
| Gross Margin | 43.5% | 42.0% | 42.6% | 1.5pp | 0.9pp |
| Net Margin | 14.2% | -11.5% | 15.8% | 25.7pp | -1.5pp |
| EPS (Diluted) | $0.82 | $-0.68 | $0.83 | 220.6% | -1.2% |
| Free Cash Flow | $248M | $270M | $137M | -8.2% | 80.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $808M |
| GROSS PROFIT | $622M |
| R&D Expenses | $0 |
| Selling & Marketing | $122M |
| General & Administrative | $208M |
| SG&A Expenses | $330M |
| Other Expenses | $0 |
| Operating Expenses | $330M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $292M |
| Interest Income | $0 |
| Interest Expense | $29M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $269M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $203M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $203M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $203M |
| D&A | $55M |
| EBIT | $298M |
| EBITDA | $353M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $808M |
| GROSS PROFIT | $622M |
| R&D Expenses | $0 |
| Selling & Marketing | $122M |
| General & Administrative | $208M |
| SG&A Expenses | $330M |
| Other Expenses | $0 |
| Operating Expenses | $330M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $292M |
| Interest Income | $0 |
| Interest Expense | $29M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $269M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $203M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $203M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $203M |
| D&A | $55M |
| EBIT | $298M |
| EBITDA | $353M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $203M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$100.0K |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $273M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | -$256M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$66M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$312M |
| FREE CASH FLOW | $248M |
| Net Change in Cash | -$68M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $0 |
| Net Receivables | $429M |
| Inventory | $653M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $772M |
| Goodwill | $2.4B |
| Intangible Assets | $3.4B |
| Long-Term Investments | $14M |
| Tax Assets | $0 |
| Other Non-Current Assets | $315M |
| TOTAL NON-CURRENT ASSETS | $6.9B |
| TOTAL ASSETS | $8.3B |
| Account Payables | $652M |
| Short-Term Debt | $41M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $329M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $756M |
| Other Non-Current Liabilities | $167M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $294M |
| Additional Paid-In Capital | $394M |
| Retained Earnings | $5.7B |
| Treasury Stock | -$2.7B |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $2.6B |
| Net Debt | $2.4B |
